Akshaya Tritiya 2018 Survey!

More than 60% of women like to purchase

jewellery only from a well known brand!

Akshaya Tritiya is one of the most auspicious days of the year, and buying gold is one of the most celebrated rituals of this day. As a brand that celebrates the choices and individuality of the women of today, CaratLane, India's leading Omni-channel jeweller conducted a study to discover the new-age perceptions, tastes and preferences of jewellery buyers during Akshaya Tritiya, in India.

While conversing with Atul Sinha, Sr. VP Marketing, CaratLane, we stumbled upon some interesting trends from the annual online survey conducted by the brand which included responses of about 800 women.

Sotheby’s spring totalled $34 million!

A Rare 3.47-Carat Fancy Intense Blue

Diamond Ring Soars to $6.7 million

Driven by top prices for important diamonds and superb gemstones, Sotheby’s spring jewelry auctions concluded today in New York with a combined total of $34 million and a strong 83.3% of all lots sold. The three auctions were led by an incredibly rare 3.47-carat Fancy Intense Blue Diamond Ring, which sold in yesterday’s Magnificent Jewels auction for $6.7 million – marking a new  world auction record price-per-carat for any Fancy Intense Blue diamond ($1,920,259 per-carat).

Alrosa opens Mumbai office

Worlds’ largest diamond miner looks

to strengthen ties with Indian Diamond Manufacturers!

Russian diamond mining company Alrosa launched its representative office at Bharat Diamond Bourse, Mumbai, on Thursday, April 19, 2018.

In the grand opening ceremony, the officials Mr. Anoop Mehta – President, Bharat Diamond Bourse, Mr. Mehul Shah,– Vice President, Bharat Diamond Bourse, Mr. Milan Choksi, Convenor, Marketing, GJEPC and Mr. Russell Mehta - Advisor to Chairman, GJEPC, cut the ribbon, inaugurating Alrosa’s newly acquired Mumbai office, followed by a media meet held at the launch.  Addressing the media were Mr. Evgeny Agureev, Member of the Executive Committee and Director of the United Selling Organization of Alrosa & Mr. Jim Vimadalal, Director of the Indian Representative Office.

CR Chaudhary Inaugurates IGW

GJEPC’s first edition of India Gemstone Week (IGW) was inaugurated by the Union Minister of State for Commerce & Industry, Consumer Affairs, Food and Public Distribution, Shri C R Chaudhary at a glittering ceremony in Pink City.

The grand event also marked the presence of eminent dignitaries from the GJEPC such as Mr Pramod Agrawal, Chairman, Mr Dilip Shah, Convener-International Exhibition, Mr Nirmal Kr Bardia, Regional Chairman, Rajasthan and Mr Vijay Kedia, Co-Convener, International Exhibitions.

De Beers cycle 3 reaches US$ 520mn

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the third sales cycle of 2018.

Bruce Cleaver, CEO, De Beers Group, said: “While the second quarter of the year is traditionally a seasonally slower period, we continued to see good rough diamond demand in the third sales cycle of 2018 as diamond businesses have focused on restocking following healthy consumer demand for diamond jewellery in the US and China.”

Fura Gems eye on Indian market!

Fura Gems aims at expanding

the colored gemstone business in India

Update 1: Fura Gems Incis aggressively looking at organizing the USD 2 billion gemstone market globally and istargeting a market share of 8% to 10% in the next 3 years.

Focussed on this mission, the company also announced the commencement of its Bulk Sampling Program at the Coscuez emerald project in Boyacá, Colombia (theCoscuez Emerald Mine). The Bulk Sampling Program has been initiated and a total of 30,000 tons of material from the mineralized body are expected to be collected in the first phase of the program on or before 31 December 2018 using existing tunnels.

This will give a tremendous boost to Fura Gems’ operations in India since 60% of the world's emeralds are cut and polished in the country.

Dev Shetty, President&CEO of Fura Gems commented, “As a part of our larger expansion strategy, India is one of the top 3 markets for us. We are aggressively looking at the Bunder Diamond project in Madhya Pradesh and projects in the states of Jharkhand and Odisha which have a huge potential in terms of mineral deposits.

We will be exploring mining acquisitions in these regions and will be working closely with the central and state governments. Given our experience, we are confident of reducing India’s coloured gemstones imports substantially.”

MrRupak Sen, Vice President – Marketing & Sales of Fura Gems said, “India is the largest cutting and polishing centre for Emeralds in terms of volume. There is a growing demand for Emeralds in the Indian market and we intend to capitalise on the same by strategically organising the sector.”

Fura Gems owns a 76% beneficial interest in the Coscuez Emerald Mine, which covers a total area of 46 hectares. The main purpose of the Bulk Sampling Program is to collect the most representative samples from the mineralized body at different levels from all accessible tunnels and workings within the Coscuez Emerald Mine.

During the initial phase of bulk sampling, a total of 1,720 carats of emeralds were mined, out of which 826 carats were high quality emeralds. The Fura management team has started designing the pilot wash-plant to support the bulk sampling process with a rated capacity of 30 tons per hour and the Company expects such plant to be commissioned on or before 30 June 2018.

MrShetty further added, “We have achieved an important milestone by commencing the bulk sampling mining operation at the Coscuez emerald mine within eight weeks of the completing the acquisition of the mine. The initial production of 1,720 carats of emeralds, including 826 carats of top quality emeralds, during the early stage of the program further confirms the quality of the Coscuez emerald mine.

We will continue to build our geological knowledge of the license area and also strive to modernize the Coscuez emerald mine. Fura has now become the first publicly listed company in the world to commence a bulk sampling operation in Colombia, the world’s largest supplier of emeralds.

We have also entered into agreements to acquire four Ruby licences in Mozambique and have started with the exploration process and will soon be coming up with more details on that. Fura Gems owns 80% effective interest in these Ruby licenses.”

Forevermark supports women advancement

Forevermark, the diamond brand from the De Beers Group of Companies, promoted gender equality and displayed its stunning Red Carpet Collection 2018 through a unique fashion show of models and women achievers today in Mumbai.

Acknowledging the De Beers Group’s three-year partnership with UN Women, Forevermark invited over 20 women who have contributed to women advancement and gender equality in their field of work, to walk the ramp. This partnership harnesses a commitment between De Beers and the UN to advance gender equality. As part of this commitment, De Beers has invested US$3 million to empower women in its diamond producing countries, across its business and in marketing campaigns.

De Beers donates US$500K to Kiran Hospital

De Beers Group has donated of US$250,000 to the Kiran Hospital in India’s diamond capital of Surat, to support the recently-opened facility in continuing to provide vital, accessible and high-quality healthcare to patients.The donation reflects De Beers’ commitment to helping create a sustainably better future for the communities it operates in, to leave a positive legacy that lasts beyond diamonds.
 
Opened in 2017, Super Specialty Kiran Hospital is a not-for-profit facility that provides a comprehensive range of health and medical services, treating patients from all sections of society and from across the state of Gujarat, as well as India more broadly.
 

 

Mountain completes Gahcho Kué Drilling

Mountain Province Diamonds announces full drilling results from the exploration program recently completed in the Southwest Corridor area of the Gahcho Kué mine site. The Southwest Corridor area lies between the 5034 and Hearne pipes, and in the course of mining activity has been recognized as containing diamondiferous kimberlite that is not included in the project resource statements.

The exploration drill program in the Southwest Corridor, originally planned for 17 holes and subsequently increased to 18 holes, was based on a 50 metre by 50 metre spacing plan and was commenced in November 2017. A total of 15 holes were designed to cross-cut the projected south westward extension of kimberlite from the 5034 pipe that would likely be included in the Gahcho Kué mine plan.

Stornoway produced 285851 cts in Q1

Stornoway Diamond provides production and sales results at the Renard Diamond Mine for the first quarter ended March 31, 2018 & says, 399,135 carats sold in three tender sales for gross proceeds of $56.4 million at an average price of US$112 per carat & pre carats bag $141.

Included in the sales was a 37 carat Type II-a, D colour, internally flawless stone that sold for US$1.3 million, US$36,000 per carat, the highest price achieved for an individual stone from the Renard Diamond Mine to date. First quarter diamond production was 285,851 carats.