NEWS
Luk Fook Profit Rises with 4Q Improvement
Hong Kong: Luk Fook has reported a jump in
profit for fiscal 2017 and an improvement in consumer sentiment in mainland
China.
ORRA Presents Jewellery to Winners of Nach Baliye
Mumbai: On the finale of yet another
phenomenal season of Nach Baliye, the popular dance reality show aired on Star Plus,
Mr. Vijay Jain (CEO and Director – ORRA) presented the winners Divyanka
Tripathi and Vivek Dahiya with stunning diamond jewellery from ORRA. The gifts
included an exquisite necklace studded with 439 diamonds as well as a pair of
ORRA’s best selling ORRA Platinum Couple bands, etched with the words “Love” in
the language of Morse code.
Gitanjali Jewellery now Available at ‘Project Eve’ Stores
Mumbai: Reliance Retail has entered into an
exclusive partnership with Gitanjali Group, India’s leading branded jewellery
manufacturer-retailer to make fine jewellery from India’s top jewellery brands
such as Gili, Nakshatra, Nirvana and Asmi available at the newly launched
‘Project Eve’ store in Mumbai.
GST benefit to Show After a Long Term: Moody’s
Mumbai: India’s all industrial and retailer
sectors are gearing up for the implementation of GST from July 1, 2017. Finance
Minister Mr. Arun Jaitley will deliver a historic speech on midnight of 30th
June to rollout the much-awaited tax reform.
WDC President Andrey Polyakov Resigns
New York: The World Diamond Council (WDC),
an industry group focused on removing conflict diamonds from the global supply
chain and protecting the value of natural diamonds, announced yesterday that
current president Andrey Polyakov will be resigning by the end of the week.
Current WDC Vice President Stephane Fischler will become acting President
effective July 1, 2017. Mr Fischler will serve in this capacity until the end
of the term of this Board, at which time he will start his two year’s term as WDC
President.
Sarine Releases New Version of its ‘Advisor’
Tel Aviv: Technology firm Sarine
Technologies Ltd has released AdvisorTM 7.0, the latest version of its
industry-leading rough planning software tool.
Firestone Ups Guidance for Output at Liqhobong by 20%
London: Firestone Diamonds plc expects to
recover approximately 360,000 carats in the financial year ending 30 June
compared with April's guidance of 300,000 carats, the company said in a
statement.
-228x228.jpg "JA Delegates Meet Washington Leaders")
JA Delegates Meet Washington Leaders
Washington: Jewelers of America (JA) hosted
two days of meetings and events in Washington last week to give retailers and
suppliers the opportunity to talk with lawmakers about issues affecting the
industry.
Petra Warns Sales Set to Fall Short
Johannesburg: Petra Diamonds has lowered
its sales and production forecast for the current fiscal year, as an expansion
of its operations has taken longer than expected.
India Gets No. 1 Position in US Diamond Trade
Mumbai: As President Trump met Prime
Minister Narendra Modi the centre of the talk were diamonds.