Silver jewellery manufacturing to tumble by 7%

Global jewelry fabrication in 2019 slipped by 1% to 201.3Moz (6,262t). Much of the decline was down to India, where a slowing economy and an erratic monsoon hit the all-important rural sector. A sizable drop was also recorded in China, thanks to the trade war and poor consumer sentiment. Lastly, western consumption was soft, reflecting such factors as competition from gold and stale product designs.

PNG not renewed lease of China gold mining

A dispute over mining rights in the Pacific island nation of Papua New Guinea (PNG) led one of China’s biggest mining companies to accelerate a spending spree that left it saddled with debt and facing a potential downgrade by the three major ratings companies.

Zijin Mining Group Co Ltd has splashed more than $1.3 billion on projects at home and abroad since April 24, when the PNG government surprised it and its Canadian joint-venture partner Barrick Gold Corp. by refusing to renew the lease on their mine in Porgera, in the country’s northwest.

Narayan Jewellers launches NYFW collection

Narayan Jewellers by Ketan and Jatin Chokshi launches

New York Fashion week Fall-Winter 2020 collection in India!

Narayan Jewellers by Ketan and Jatin Chokshi, the 80- year old renowned jewellery brand from Vadodara, launches New York Fashion week (NYFW) Fall-Winter 2020 collection in India. Narayan Jewellers new collection comprises of 7 capsule collections. Inspired by Bibhu’s luxe designs, the collection is for a woman who is bold, strong, independent, caring, loving and takes her own decision. The collection truly defines an NJ Woman.

Tiffany Europe sales declined 40%

Tiffany announces net sales

by region for the ended the 1Q!

Tiffany & Co reported its financial results for the three months ended April 30, 2020 (1Q). Worldwide net sales as reported and on a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars were below the prior year primarily as a result of the temporary closures of a substantial number of the Company’s stores around the world due to the Covid-19 pandemic.

In the Americas, total net sales declined 45% to $225 million, which included a comparable sales decline of 45%. On a constant-exchange-rate basis, both total net sales and comparable sales declined 44%. Management attributed the declines to Covid-19 and the resulting closures of substantially all of our stores in the region that began in mid-March and persisted through the end of the first quarter.

Colin Shah new chairman of GJEPC

Vipul P Shah will be the Vice Chairman!

The Committee of Administration (CoA) of the Gems and Jewelery Export Promotion Council (GJEPC) conducted election for the period 2020 & up to 2022. Soon after the result announced and just ahead of announcing officially at media through proper press release the news spread in the market.

Kagem with Government in Covid-19 fight

Minister of Mines and Minerals Development Hon Richard Musukwa MP was present to accept a donation of medical supplies by Kagem Mining Limited (Kagem) to enhance local efforts to fight Covid-19 in Lufwanyama District.

Mr Musukwa was joined by Copper belt Minister Hon. Japhen Mwakalombe to receive the supplies on behalf of the government at the Nkana Health Centre built by Kagem - operated by London-based Gemfields in partnership with the Zambian government’s Industrial Development Corporation (IDC), which owns 25% of Kagem.

Forecasting silver market 2020

World Silver Survey 2020, published by the Silver Institute. This is the 30th Edition of the World Silver Survey, produced for The Silver Institute. The World Silver Survey 2020 was produced by the Metals Focus team.

The uncertainties presented by the COVID-19 crisis make the job of forecasting silver market conditions over the rest of the year incredibly challenging. The extreme markets volatility that we have seen in recent weeks is in some ways reminiscent of the 2008 global financial crisis (GFC) and the recession that followed.

Signet Reopens Safely

Signet accelerates transition to OmniChannel model; completes 100,000 virtual consultations, reaches more than 20 million customers digitally during COVID-19 crisis! Company to leverage both its expanded digital scale and trusted jewelry consultants for growth!

Signet Jewelers, the world's largest retailer of diamond jewelry, announced details about how it's reimagining the jewelry buying experience since temporarily closing stores to help stop the spread of COVID-19. Over the last 10 weeks, the century-old company has accelerated its transformation into a channel-agnostic retailer, enabling store staff for the first time to serve customers from home using technology such as chat, video, social media and virtual by-appointment private shopping consultations.

Christie’s Magnificent Jewels

Leading the sale 12.11 Carats Fancy

Intense Blue/IF Diamond Ring

Christie’s Magnificent Jewels July Live Auction is announced at Christie’s Galleries, Alexandra House, Central

Preview is scheduled during 4th – 7th July. Christie’s Magnificent Jewels to present a spectacular selection of dazzling diamonds and coloured gemstones for the upcoming live auction on 9th July at Alexandra House.

Sotheby's HK Important Watches Spring Sale

Sale to Take Place on 11 July at HK

Sotheby's Hong Kong Important Watches Spring Sale To Take Place on 11 July 2020 to led by Possibly Unique, Rolex Platinum Zenith Daytona With Hardstone Lapis Lazuli Dial, Estimated at HK$4 – 8 million / US$ 500,000 – 1,000,000.

The Winning Watch from Ressence Watch Design Charity Competition, an Exceptional Line-Up of Vintage and Contemporary Timepieces! Its’ Live Auction: 11 July ︳Public Exhibition: 5 – 10 July at Hall 1, Hong Kong Convention and Exhibition Centre