Zambian emeralds as birthstone of May

Emeralds have been a beacon of hope across the world since time immemorial. Now Zambia is taking its place as the leading source of these precious gemstones, thanks to the world’s largest producing emerald mine – Kagem – in Lufwanyama, which is owned by Gemfields in partnership with the Zambian government through the Industrial Development Corporation (IDC).

GJEPC webinar on a Way Forward

International Market Scenario &

Way Forward Post Lockdown! 

Recently GJEPC organised, International Market Scenario & Way Forward Post Lockdown with speakers Mr. David Brough UK, Mr. Julius Zheng China, Mr. Jeremy Keight Australia, Mr. Alex Popov Russia, Ms. Irina Litvinova Russia, Ms. Sophiya Silvert Belgium, Ms. Holly Granofsky USA, Ms. Nancy Robey USA and the Webinar Moderated by Mr. Sohil Kothari, Co-Convener- Exhibition (International).

Tariff Deferral pronounced in US

The National Retail Federation today issued the following statement from President and CEO Matthew Shay on the Trump Administration’s announcement to delay the collection of import duties amid COVID-19 pandemic:

“The White House announcement that the government is providing a limited duty deferral for importers is welcome news to retailers struggling to find any good news during this extremely difficult time.

Position on the resumption of mining

 The Minerals Council South Africa notes articles in the media regarding the resumption of mining operations after 16 April. The Minerals Council notes that the Minerals Council (SA) and its members have been fully supportive of the current lock-down, with the bulk of industry operations having been shut down. Any exemptions have been granted on the basis of directives to continue, certain strategic exports, smelters and refineries and limited surface operations, and care-and-maintenance activities.

Premier Gold Acquires GGM

Premier Gold Mines Limited confirms an offer to acquire the remaining 50% interest in the Greenstone Gold Mines Partnership (GGM) has been made to Centerra Gold. Total consideration of the offer is approximately US$205 Million. The acquiring party, at the option of Premier, will be another company that is an assignee of Premier's rights under the offer letter.

Global Silver Demand released!

Global silver demand pushed higher in 2019, with a 12 percent increase in investment demand as retail and institutional investors focused their attention on the long-term investment appeal of the metal.

Highlights include:

Total global silver demand in 2019 grew by 0.4 percent despite an ongoing global trade war affecting many industries. Silver industrial demand was resilient, slipping by 0.1 percent last year, with several key segments of silver industrial fabrication expanding, primarily silver’s use in photovoltaics, which grew by 7 percent to its second highest annual level.

Open Veto Petal Ring

Lark & Berry presents Leaves, Drops and Flowers. Inspired by the Beautiful Outdoors! Tumbling along the lines of your fingers, this Open Veto Petal Ring is the perfect frame for any hand. Available in different colours, the marquise stones flutter and fall like blossom petals in the sunshine.

Crafted in 18K Gold, studded Emerald, Ruby, Pink Sapphire and Purple Sapphire weighing of 1.4 carats and diamonds are of 0.06ct. Lark & Berry said, we can make most 14k gold pieces in 18k, white, rose, or yellow gold. It takes approximately 3 to 6 weeks in crafting & finishing.

Diamond India Stares At Decadal-Low Revenue!

Stretched receivables from across the globe to test their credit profiles Crisil Ratings says, revenue of India’s diamond polishing industry is set to plunge in fiscal 2021 to a decadal low of $13-15 billion, compared with the $24 billion in fiscal 2019, and an estimated ~$19 billion in fiscal 2020.

Twisting the knife for India’s beleaguered diamond polishers is the shift in the epicentre of the Covid-19 pandemic to the US and the European Union from China. Exports to these two geographies, which together account for over 45% of India’s polished diamond exports, fell a staggering 41% on-year in February as the pandemic intensified, and have plunged further since then, especially with the nationwide lockdown starting mid-March.

Reopening of operations at Lulo!

Lucapa Diamond Company Limited and its partners Endiama and Rosas & Petalas are pleased to announce the re-commencement of scaled mining operations at the Lulo alluvial diamond mine in Angola. As stated in the operations at Lulo were reduced to essential services only following the declaration of a State of Emergency in Angola in order to prevent the spread of Covid-19. On 24 April 2020, a new Presidential Decree amended certain restrictions to allow essential industries to return 50% of their employees to the workplace.

India Q1 gold demand drops to 20% YoY!

World Gold Council (WGC) released, India Demand Statistics for Q1 2020- for the period of January to March 2020. Highlight of the report says for Gold demand full year that, 1: Demand for gold in India for Q1 2020 was at 101.9 tonnes down by 36% as compared to overall Q1 demand for 2019 (159 tonnes).

2: India’s Q1 2020 gold demand value was Rs 37,580 crores, a drop of 20% in comparison with Q1 2019

(Rs 47,000 crores), 3: Total Jewellery demand in India for Q1 2020 was down by 41% at 73.9 tonnes as compared to Q1 2019 (125.4 tonnes).