Bonas Polished Tender at CARAT+ 2018

Featuring more than 1,700 carats across 163 lots,

including two diamonds over 10 carats

 CARAT+, The World’s Premier Diamond Event, is pleased to share further details of an exclusive Bonas Polished Diamond Tender, due to take place from May 6-8, 2018, at Antwerp Expo. Brought to CARAT+ by Bonas, one of the world's leading diamond brokering and tender houses, the polished diamond tender will feature 163 lots with a total weight of more than 1,700 carats. Of these lots, 133 are GIA-certified stones, while the remaining 30 are parcels of white diamonds.

Highlights include 14 fancy-colour diamonds and 119 white diamonds, with weights ranging from 1.00 carat to 5.00 carats. Two diamonds in the tender are over 10 carats. Parcels in the tender feature diamonds from +11.5 to 90 points and up.

DGCX Year-to-date Volumes Up 35%

Shari’ah Spot Gold sees impressive debut

The world’s only exchange traded Shari’ah Compliant Spot Gold contract (DGSG), which listed on the DGCX on March 29th, has been very well received by investors, trading over 314 kilograms of gold worth USD 13.39 million since inception. The product was the first of its kind to be launched in the GCC, and its success demonstrates a strong appetite for exchange-traded Islamic products among investors.

The contract’s success reinforced the strong trading activity of the Exchange’s other gold products, with trade volumes of DGCX’s Shanghai Gold Futures growing in April by 678% year-to-date, and India Gold Quanto Futures growing by 73% year-on-year. The rising popularity of gold trading comes amid ongoing political and economic uncertainty.

$50K Education Grant!

GIA Supports support to sister organization

AGS reaches nearly $150,000 in 2018

The American Gem Society (AGS) will receive a $50,000 grant from GIA (Gemological Institute of America) to fund awards for GIA education for AGS members, bringing GIA’s financial support for AGS to nearly $150,000 for 2018.

Announcing the grant at the Robert M. Shipley Award® luncheon during the recent AGS Conclave in Nashville, Tennessee, GIA President and CEO Susan Jacques said, “We are thrilled to be able to support AGS with this education grant. Education and certification are the core competencies of our closely related organizations and they are the keys to helping jewelers reach success.” Jacques continued, “Through our closely aligned missions, AGS and GIA protect consumers and ensure their trust in gems and jewelry.”

GemGenève to run through 10 - 13 May

GemGenève is a new generation gem and jewellery show. Organised in Geneva by industry experts for connoisseurs worldwide, GemGenève opens up the secret world of international gem and jewellery trading. In today’s fast-changing world of luxury, in a climate of intense connoisseurship, and an age of transparency and accessibility, GemGenève opens the doors to the world of international gem and jewellery trading.

GemGenève presents a new-style jewellery show; an exhibition with a difference, highly specialised, focused on quality and integrity, with a roster of globally-renowned exhibitors, antique jewellery dealers, gem merchants, jewellers, pearl specialists.

Celebrate motherhood!

A Mother’s Love as Genuine as a Forevermark diamonds

A mother’s love for her child is pure, unconditional and lasts a lifetime. She is the woman who selflessly sacrifices her every need for her child and expects nothing in return. This Mother’s Day, celebrate that love by gifting her a Forevermark, the diamond brand from the De Beers Group of Companies, which is as beautiful, rare and genuine as her affection.

3rd India-SAARC ME BSM opened!

The 3rd edition of the India-SAARC Middle East (ME) Buyer Seller Meet (BSM) commenced in the presence of GJEPC Vice-Chairman, Mr Colin Shah. The BSM is a one-of-a-kind platform which brings buyers from across the world developing new business opportunities and relations.

GJEPC is organising such BSMs with various market places. Colin shah inaugurated the BSM & kicked off Day 1 of the 3rd Edition of the India-SAARC Middle East Buyer Seller Meet. The BSM accommodates about 49 manufacturers & about 100 buyers from about 18 countries.

3mn new jobs in GJ industry!

GJ industry to generate 3mn new employment by 2022!

According to the GJEPC’s recent announcement, there is clear road map to accommodate more 3mn workforce by 2022. By considering the growing need of the GJ (Gem-n-Jewellery) industry, there would be a requirement of more workforce!

The road map says, additional employment would be created by 1: Jewellery park at Mumbai, 2: Gem Bourse at Jaipur, 3: Revamping of Imitation & Handmade Jewellery Sector, 4: Jewellery Park at Delhi & 5: Development of CFCs across India.

GJEPC announces Banking seminar!

In the GJEPC also announces Banking Symposium. According to Mr Colin Shah, Vice President-GJEPC, “GJEPC will organize Banking Symposium on 11th May 2018 with an objective to address the key challenges faced by the Industry and mitigating risks in securing finance for diamond and jewellery industry.”

Diamond & Jewellery Financing 2018, the symposium is likely to be attended by the key bankers, diamond players & related stake holders for brainstorming on collateral, credit limit, security, stock valuation & general welfare of the trade.

 Mr Suresh Prabhu, Union Minister of Commerce and Industry & Civil Aviation of India is likely to be attended as a Chief Guest.

GJ Exposure shrinks at Yes Bank!

GJ exposure decreased 1.4% in FY 18 form 1.6% in FY 17!

According to the just announced Financial Results for the Quarter and Year ended March 31, 2018 by the YES Bank, GJ ( gem-n-jewellery) exposure decreased. As of March 31, 2018 GJ exposure remained to 1.4% from1.6% in same period last year 2017.

 According to the other key highlights it is learned,

1: Strong Earnings Delivery: Healthy growth in NII leading to PAT growth of 29.0% (Rs1,179.4 Crores) in Q4FY18 and 26.9% (Rs4,224.6 Crores) in FY18. 2: Large Bank Growth Phase Milestones: Crossed significant milestones of  Rs3 Lakh Crores in Total Assets, and US$ 2.5 Bn in IBU Total Assets. Advances and Deposits in excess of Rs2 Lakh Crores each.

50 carats the Farnese blue at hammer!

Sotheby’s Jewellery sale in Geneva in May offers

The Farnese Blue, for the first time after three centuries

World class diamonds, cut 300 years apart, will lead Sotheby’s spring sale of Magnificent Jewels and Noble Jewels in Geneva. All three diamonds are extremely rare and extraordinarily beautiful. The first is The Farnese Blue, a highly important 6.16-carat historic blue diamond given to Elisabeth Farnese, Queen of Spain in 1715, before being passed down through four of Europe’s most important royal families (Estimate CHF 3.5 – 5 million / $3.6 – 5.2 million).