Signet Jewelers Completes SOC Portfolio

Signet Jewelers Limited announced the completion of the final phase of its strategic outsourcing of credit (SOC) through the sale of its existing non-prime receivables and implementation of a forward flow purchase arrangement for future non-prime receivables with funds managed by CarVal Investors and Castlelake, L.P.

With the closing of this transaction, Signet has transitioned to a fully outsourced credit structure while maintaining a full spectrum of category-leading financing and lease options for consumers. The outsourced credit structure allows the company to enhance its strategic and operational focus on its core jewelry retail business as it executes the Signet Path to Brilliance transformation plan.

IIFA Celebrities sparks Narayan Jewellers

Actress Kriti Sanon and Nushrat Bharucha looked stunning in jewelry worn of Narayan Jewellers by Ketan and Jatin Chokshi, Vadodara at the IIFA Rocks Green Carpet 2018 in Bangkok.

Beautiful Kriti Sanon chose to accessorise her gown with a stunning ring by Narayan Jewellers by Ketan and Jatin Chokshi. Actress Nushrat Bharucha looked exquisite in a delicate two finger rose gold ring for IIFA Green Carpet and diamond earrings by Narayan Jewellers at the main event.

A watch created for the most demanding traveler by U-Boat

U-Boat launches a new version of the Doppiotempo, a watch created for the most demanding traveler, in steel and chronograph. You can measure the time that separates us from the various places giving importance to every moment to choose how to live it.

Following the great success of the bronze version, the Doppiotempo watch, designed by Italo Fontana to meet the needs of dynamic living and the traveler, is now presented in the steel version with chronograph movement, emblem of a sporty look without neglecting a distinct identity.

SA to finalise Mining Charter soon

South Africa is likely to finalise its draft Mining Charter towards the end of the year, Mineral Resources Minister Gwede Mantashe said on Sunday. “Our view is that by October, November we must have a Charter in place,” said Mantashe.

Addressing a media briefing at the end of a two-day Summit on the Mining Charter, Mantashe said the draft Charter which was published on 15 June will be in place towards the end of the year. At the publishing of the Charter in June, the Department of Mineral Resources (DMR) said the public has until 27 July 2018 to submit their comments on the draft before it is finalised and gazetted.

Qatar Pearl Exhibition in Moscow

A new edition of the critically acclaimed Pearls: Treasures from the Seas and the Rivers exhibition will open in Moscow on July 11th as part of the Qatar Russia 2018 Year of Culture.

The exhibition was curated specifically for this year’s Year of Culture programme and will display over 100 pieces of jewellery and other examples of pearl craftsmanship made from freshwater pearls born in Central Asia, 50 of which are new, never-before-shown artifacts.

GIA Collaborates with Princeton University

Scientists at Princeton University called on GIA’s (Gemological Institute of America) expertise in gemological research and the analysis of optical centers to evaluate how to use the unique properties of diamonds to create a highly secure communications network.

The research, published in the July 6, 2018 issue of Science magazine, examined how color centers created by replacing two carbon atoms with one silicon atom in the crystal lattice of a synthetic diamond could be used to store and retransmit information in a quantum communications network, that would allow for the transmission of information between physically separated processors.

Poor market pushed gold by 4.2% in June

According to the World Gold Council, Holdings in global gold-backed ETFs and similar products fell by 49.3t to 2,434t in June, pushing assets under management (AUM) in US dollars down by 2.1% relative to May. Investors seemed to shrug off poor equity market performance and escalating global trade tensions, pushing the gold price down by 4.2% in June.

ETF outflows were dominated by North American funds, losing US$1.9bn in the face of US dollar strength and a declining gold price, while funds listed in Asia and other regions lost US$149mn and US$89mn respectively. Europe saw marginal inflows during the month, with gold holdings increasing fractionally by US$52mn.

Poonam Soni designs trophy

The 5th Edition of Times NOW & ICICI Bank

NRI of the Year Awards to unveil state of the art trophy

Following the reverberating success of the past 4 editions, Times NOW & ICICI Bank returns with the 5th edition of the prestigious NRI of the Year Awards 2018 powered by Global Indian International School (GIIS),to salute the winning spirit of the global Indian. NRI of the Year Award, recognises the achievements and contributions of global Indians from different walks of life. Adding to the glory and celebrations this year, a unique trophy has been specially designed by India’s celebrated jewellery designer Poonam Soni.

An enchanting range of Diamond and Polki jewellery

Tanishq, India’s favourite jewellery brand, has launched a new collection - ‘Gulnaaz’. Gulnaaz refers to that one flower which is so enchanting and beautiful, that it becomes the pride of the garden.

Tanishq’s new collection features designs which are an aesthetic representation of nature’s bounty.  Every piece in the collection is carefully designed and captivating, making it perfect to complete a woman’s look. Or women can take inspiration from the stunning jewellery to create their own unique look. The ‘Gulnaaz’ collection features a stunning diamond range as well as a few designs with open polki.

First meeting of e-Commerce Task Force held

Commerce Secretary, Rita Teaotia, chaired the first meeting of the Task Force on e-commerce in New Delhi on July 6. The meeting deliberated upon the suggestions emerging from the sub-group meetings held during 20th – 22nd June, 2018, 2018. The suggestions were on wide ranging issues such as cross border data flows, taxation, trade facilitation and logistics, consumer confidence, IPR and future tech, FDI and competition issues.

The sub-groups saw participation from various ministries and departments, high level representatives from the industry bodies, e-commerce companies, telecommunication and IT companies and independent experts. It was decided to set up a Task Force in the first meeting of the Think Tank, on the framework for national policy on e-commerce, held on 24th April 2018, under the chairmanship of Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation.