Alrosa temporarily suspends mining

In a statement Alrosa said, Alrosa will temporarily suspend mining works at Aikhal underground mine and Zarya open pit from May 15. The decision was taken due to the decrease in demand and sales for diamonds, as the major consuming economies are struggling with economic headwinds caused by the global spread of Covid-2019 virus.

Mining at Aikhal will be put on care and maintenance from May 15 to September 30, 2020, at Zarya – from May 15 to December 31, 2020. Zarya employs 180 miners, Aikhal has 502 staff members. Part of the mine’s personnel will be involved in maintenance and other required continuous works.

Gold-backed ETF up 5.1% in April

April highlights: Globally, gold-backed ETFs (gold ETFs) added 170 tonnes(t) – net inflows of US$9.3bn (+5.1%) – in April, boosting holdings to a new all-time high of 3,355t.1 Assets under management (AUM) also reached a new record high of US$184bn as gold in US dollars moved higher by 5.8%.

Inflows have been strong and consistent in recent months, but not unprecedented. Rolling twelve-month inflows of 879t just surpassed those of 2009 and 2016, while rolling six-month inflows have barely experienced two-thirds of the 457t of inflows in the comparable time periods of 2009 and 2016.

A manual to resume post lockdown

BVC Logistics drafts Covid-19 preparedness manual to resume operations post lockdown! In anticipation of the relaxation of Covid-19 induced nationwide lockdown since 18th May, BVC Logistics has issued Standard Operating Procedures (SOPs).

The guidelines revolve around safety, for self, at home, in transit, for colleagues at the workplace, and for the community at large. BVC Logistics aims to progressively resume operations in a graded manner. The company has offices in the cities mentioned under the green zone like Rajkot, Kochi, Hissur, etc. that will soon resume operations as per the guidelines.

A stylish diamond capsule collection for Mother’s

This Mother's Day Reliance Jewels introduces a stylish diamond capsule collection with elegantly crafted Pendants, Earrings & Wrist wear. Surprise your mom with the perfect piece of jewellery that she'll cherish forever. The collection is crafted in 18kt Gold and studded with Diamonds. The price ranges from approximately 20k-60k.

Design to Tribute mother’s day

Narayan Jewellers by Ketan and Jatin Chokshi says, The Empress Collection features new designs from Narayan Jewellers including ear climbers and jackets, in addition to signature styles including chandelier and asymmetrical earrings, cocktail bracelets and rings.

WFDB launches YDs website!

The World Federation of Diamond Bourses (WFDB) is excited to announce the launch of its Young Diamantaires (YDs) website www.ydts.org. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express their thoughts, opinions and views in a safe and constructive manner.

The website itself was physically built by the members for the members. It is in its first iteration and there are plans to expand its functionality. Rami Baron, Chairman of the Promotion Committee of the WFDB and founder of the Young Diamantaires describes the four pillars as the foundation from which the group will grow:

1. To provide a platform where discussion can take place which is relevant to our industry, respectful and without judgment of others.

Perceptible change in the global supply-chains

Shri Goyal says that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and India should be looking to capture significant share in the world trade.

Minister of Commerce and Industry & Railways Shri Piyush Goyal today, through Video Conferencing, held discussions with the Export Promotion Councils (EPCs) of the country. He called upon the Exporters to identify their strengths, potentials and competitive advantages in specific sectors, and focus on harnessing them in the world markets.

Resumption of PGM refining plant

Anglo American plc notes the announcement by Anglo American Platinum Limited released to the Johannesburg stock exchange. Anglo American Platinum has safely and successfully completed the repair of the Anglo Converter Plant (ACP) Phase B unit. The ACP and full downstream processing operations are completing a safe ramp-up and expect to be fully operational from 12 May 2020. Force majeure to suppliers of concentrate will be lifted on that date.

CEO of Anglo American Platinum, Natascha Viljoen, stated, “I am pleased to report that we have safely and successfully completed the repair of the ACP Phase B unit ahead of schedule, enabling the restart of refined production of our platinum group metals and our base metals.

SART Plant at Parral at Commissioning

GoGold Resources Inc reported that the previously announced SART project has been successfully installed and commissioned at its Parral Tailings facility located in Chihuahua, Mexico.  The SART plant is providing important economic and technical benefits to the Parral facility. The main economic drivers are the recovery of a high-grade saleable copper sulfide product, the re-generation of cyanide, which is the largest single operating cost at Parral, and improve the leaching efficiency of the heap.

GIA offers Essentials eLearning from May

As the global gem and jewelry industry navigates through the COVID-19 pandemic, the Gemological Institute of America (GIA) is making access to its introductory courses easier than ever before. From May 4, 2020 through June 29, 2020, the GIA Essentials online courses in diamonds, colored stones and jewelry will be available at no cost for first-time enrollments. For additional details and to apply, visit GIA website.