Environmental management awards to Alrosa

Alrosa, the leader of the world diamond mining industry, won two Russian competitions in the field of environmental management and transparency of environmental information at the end of April.

In particular, Alrosa is recognized as the laureate of the contest “100 best companies of Russia. Ecology and Environmental Management” held during XII All-Russian Conference “Ecology and Production, prospects for development of environmental protection mechanisms”.

Within the framework of the competition, the projects implemented by industrial enterprises and organizations in the field of rational environmental management and environmental protection were considered.

DGCX set for further growth

The Dubai Gold & Commodities Exchange (DGCX), and its 100% fully owned subsidiary the Dubai Commodities Clearing Corporation (DCCC), the leading derivatives exchange and clearing house in the Middle East, has upgraded its integrated trading and clearing solution from Cinnober to the latest version of the TRADExpress platform.

The purpose was to enhance and speed up business development capabilities even further, and to benefit from a more refined trade and market data protocol, leading to improved bandwidth usage. As the new version went live, DGCX launched the region’s first and world’s only exchange-traded Shari’ah Compliant Spot Gold contract (DGSG).

2018 American Buffalo Coin Sale On May 10

The United States Mint (Mint) will begin accepting orders for the 2018 American Buffalo One Ounce Gold Proof Coin- product code 18EL, on May 10 at noon Eastern Time (ET). The Mint introduced the American Buffalo One Ounce Gold Proof Coin in 2006.

It is the first 24-karat gold proof coin ever struck by the Mint and is the collector version of the official United States Mint American Buffalo One Ounce Gold Bullion Coin. The designs are based on the original Type I Buffalo nickel designed by James Earle Fraser.

India-Kuwait amends DTAA

CBDT notifies the Protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Kuwait.

A Protocol to amend the existing Double Taxation Avoidance Agreement (DTAA) between India and Kuwait signed on 15.06.2006 for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income was signed on 15.01.2017. The said Protocol has entered into force on 26.03.2018 and is notified in Official Gazette on 04.05.2018.

Diamonds recovered with sorter at Tsodilo !

Tsodilo Resources Limited (Tsodilo) received first diamonds in Botswana project with Polus-M sorter, designed by Bourevestnik, Inc, a company of Alrosa Group.

Tsodilo completed processing of 56 samples of kimberlite ore of the BK16 project in the volume of 925 kg of diamond ore concentrate that were retreated on the Polus-M sorter, developed by Bourevestnik, Inc. As a result of the processing, 101 diamonds with a total weight of 18.571 carats were recovered, the largest of which was 1.375 ct.

The portable sorter Polus-M commissioned at Tsodilo’s recovery facility in December 2017 is designed for the treatment of dry diamond bearing concentrate of –8 +0.5 mm size fraction with the throughput up to 100 kg/h. The sorter was specially designed for geological exploration in field conditions, but is also used in the field of industrial diamond enrichment in small-scale mines.

DPA held town hall meeting in BDB

DPA to launch China campaign from July!

US campaign from September 03 &

Campaign in India started for May 7

Jean Marc Lieberherr, CEO-DPA presented forthcoming marketing plan in the Town Hall Meeting for the US, India & China market. The event organised by DPA & GJEPC at BDB, Mumbai. The meeting held in the presence of Mr Pramod Agarwal, Chairman-GJEPC, Richa Singh, MD-DPA India, Mr Colin Shah, Vice Chairman-GJEPC, Mehul Shah, Vice President-BDB & amid industry fraternity with a significant presence of GJC.

Jean said, about 75% to 80% of rough diamond producers are members of DPA in a mission to make diamond industry success for long-term! India is the largest market. India & China have biggest potentials. Jean also focussed on key challenges! For the promotion of diamonds they are focussing to go ahead with digital by 100% with the trade support strategy.

CIBJO sets up working committee

Industry-wide working committee to formulate

Responsible Sourcing Guidance for gem and jewellery sectors

CIBJO, the World Jewellery Confederation, has announced the establishment of an industry-wide working committee, which will be charged with formulating Responsible Sourcing Guidelines specifically for the jewellery, gem and precious metals sectors. The new body was created by a decision of the CIBJO Board of Directors in March 2018, following Board approval of a draft Responsible Sourcing Guidelines document.

Fura recovers 25.97 Cts Colombian Emerald

Fura Gems announces the discovery of a rare and exceptional 25.97 carat rough emerald at its Coscuez Colombian Emerald Mine located in Boyacá, Colombia.  This Colombian Emerald is believed by the Company to be considered rare and exceptional due to its size, colour saturation and clarity. 

The discovery was made as part of an ongoing bulk sampling program that commenced in late March 2018. The 25.97 carat emerald has been named the “ÄRE Emerald”, named after a figure in ancient Colombian mythology responsible for the creation of the primary sources of emeralds in Colombia’s Boyacá region: the Fura and Tena mountains as well as the Rio Minero River.

US market fears fewer retail job

Withdrawing from the North American Free Trade Agreement (NAFTA) would cost retailers and consumers up to $16 billion a year and lead to the loss of 128,000 retail-related jobs over the next three years, according to an AT Kearney study released today that was prepared for the National Retail Federation, the Retail Industry Leaders Association and the Food Marketing Institute.

“There’s a lot at stake for American retailers, workers and consumers as the administration resumes NAFTA negotiations,” NRF President and CEO Matthew Shay said. “It’s clear NAFTA must be modernized, but we can’t lose sight of the fact that this agreement helps ensure that American families have access to products they need at prices they can afford. As this report shows, withdrawing from NAFTA would jeopardize countless U.S. jobs and force consumers to pay more everyday products like groceries and blue jeans.” 

Good scope of 3D printing in jewelry industry

According to a new 150-page report from SmarTech Publishing, the market for 3D printers, materials, software and services used by the jewelry industry will exceed $900 million by 2026.  This report, “3D Printing Opportunities in the Jewelry Industry – 2017:  An Opportunity Analysis and Ten-Year Forecast” is based on SmarTech Publishing’s ongoing coverage of both polymer and metal 3D printing in the jewelry sector.

3D printing finds is finding its way into just about every aspect of jewelry manufacturing, due to the widespread adoption of CAD software among jewelry designers.  Annual revenues from 3D-printed hardware, materials, services and software used in the jewelry industry is expected to top $900 Million in 2026.