Pangolin Finds First Diamond at Jwaneng!

According to the Pangolin Diamonds they have recovered a white diamond from the Company’s wholly-owned Jwaneng South Kimberlite Project (Jwaneng South), in an area 100 km south of the Jwaneng diamond mine in the Southern District Botswana.

The diamond was recovered from an unscreened 60 litre sample collected within a 10 square metre area of a GPS controlled sample site. This material was dry screened in the field to recover the +0.425 – 4.0 millimetre size fraction. The sample was then transported to Francistown, Botswana and processed through Pangolin’s 1-tph DMS plant.

Gem Diamonds sales 32412 cts in Q1!

Bags US$3276 per carat in Q1 ’18 over Q4 ’17

According to the Q1 report of Gem Diamonds, Letšeng mine, recovered seven diamonds greater than 100 carats during the period. The Lesotho Legend, a high-quality 910 carat, D Colour Type IIa diamond, which was recovered on 15 January was sold on 12 March for US$ 40 million (US$ 43 912 per carat). This is the second largest gem quality diamond recovered in the past century and the largest diamond recovered to date at the Letšeng mine.

And at the sales front 32 412 carats of diamond sold and achieved an average price of US$ 3 276 per carat for the Period, up 48% from US$ 2 217 per carat in Q4 2017. 16 diamonds sold for more than US$ 1.0 million each, generating revenue of US$ 70.7 million during the Period of Q1.

Seminars on synthetic diamonds held

GIA India offered  Complimentary Seminars on Synthetic Diamonds by

Participants gained insights about identifying characteristics of

natural and synthetic diamonds at DDES 2018

DDES Update 3: GIA India offered complimentary seminars on synthetic diamonds from 23-25 April at the Diamond Detection Expo & Symposium 2018 in Bharat Diamond Bourse (BDB), Mumbai. GIA India experts conducted multiple seminars on ‘Spotlight on Synthetics’ and ‘Identifying Synthetic Diamonds’ – nearly 200 guests attended. Participants gained insights about the methods for producing synthetic diamonds, the identifying characteristics of natural and synthetic diamonds, and the latest synthetic diamond research from GIA (Gemological Institute of America, Inc).

National policy on e-commerce

Suresh Prabhu chairs first meeting of think tank

Suresh Prabhu chairs first meeting of think tank on framework for National Policy on E-commerce 

Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu speaking at the first meeting of think tank for national policy on e-commerce

Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, chaired the first meeting of the think tank on the Framework for National Policy on E-commerce held. The meeting saw participation by senior officers of various ministries/ departments of the Government of India involved in different aspects of e-commerce, including by Secretaries’ of the Department of Commerce, Department of Industrial Policy and Promotion.

BDW wins buyer confidence!

Fantastic response encourages

BDB to go big soon, likely in August !

The first ever Bharat Diamond Week (BDW) –the mega buying event concludes with marvellous level of networking & fantastic buying with potential queries further! The mega buying season, BDW ran through  April 23 to 25, 2018.

Virtually every visitor remained a vibrant buyer. Satisfactorily & with confident manages their product mix! Many stalls run out of the stock, fewer sole entire range of big size. Even in the star & mêlée range, where major buyer lacks trust & can’t sure if it is 100% a natural diamond mix! And in the scenario the Week sold significantly sold the range on the back of buyer confidence that it must be a natural diamond only if it is in the boundaries of Bharat Diamond Bourse!

3rd DDES concludes with high note!

GII could sale more detection machines!

Update 2: Visitor’s said, it is a need of the hour, this types of instruments-n-tech should be made more & that to be available for diamond player at very competitive tag! Some of the members of MDMA & visitor’s at DDES said, previously many of the middle-man survived on the back of star-n-melee diamonds. Yet, numbers of such small players are being pushed away because, there are huge chances of  mixing in this range & sometimes it is costly for them & they had no contacts to source from BDB members.

The GJEPC has undertaken two initiatives at a time 1: creates awareness & 2: plays strict with the help of Natural Diamond Monitoring Committee (NDMC).

Mother’s day to rock in US

Spending to be of 23bn: NRF

Mother’s Day spending is expected to total a near-record $23.1 billion this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. A total 86 percent of Americans will celebrate Mother’s Day and spend an average of $180 per person.

“This year’s Mother’s Day forecast is one of the strongest we’ve ever seen,” NRF President and CEO Matthew Shay said. “With spring in full bloom, Americans are looking forward to splurging on their mothers and retailers are prepared to offer a variety of options that will allow consumers to find the perfect gift for the occasion."

Thewa jewellery collection

India’s love for gold is everlasting and undisputable! We are a land of rich art and culture and one such fascinating art is a 400-year old Mughal craft that fused intricately carved thin sheets of 23-carat gold on to molten, coloured glass known as Thewa.

A sizzling range of minimalistic rings!

Luxury Jewellery brand, Manubhai Jewellers has been sweeping fashionistas off their feet with waves of trendy designs since decades. This summer too, the brand launches a sizzling range of minimalistic rose gold, diamond rings based on the less-is-more theory.

The fashion essentials are crafted in hallmarked 18k rose gold which is the trending metal of the season and are encrusted with fine cut diamonds. The sleek designs present floral and geometric motifs in the daintiest manner imaginable. With VVS quality and EF, FG colour, these diamond rings are the perfect addition to your precious jewellery collections.

CAD shoot-up to 1.7% in 9 month of 2017-18

Statement by Dr. Urjit R. Patel, Governor to the International Monetary and

Financial Committee (IMFC) in Washington DC Here is the part under India heading:

The Indian economy turned in resilient performance in 2017-18 (April - March). Although real GDP growth moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, supported by an acceleration in manufacturing, rising sales growth, a pick-up in capacity utilisation, strong activity in the services sector and a record agricultural harvest.