Rose Cut Engagement Rings!

Our natural Rose Cut Diamonds are an unconventional stone option for vintage loving brides. In signature Kirk Kara fashion, each diamond is hand cut and polished by experienced artisans to optimally showcase the subtle, romantic glow that characterizes rose cut stones.

Exporters, be ready for harnessing the potential

Piyush Goyal calls upon the Exporters to think big and

-be ready for harnessing the potential in the post-Covid era!

Ministry of Commerce and Industry held interaction, through Video conferencing, with various Export Promotion Councils of the country to assess the ground situation and problems being faced by them in the wake of Covid-19 and subsequent lockdown. This was the third such meeting since the lockdown in the country.

The impact of the coronavirus on jewelry retail

David J. Bonaparte, Member of WDC & President JA has in ked about the impact of Covid-19 on jewellery retail from NY. In one short month the world has changed in very dramatic ways. In mid-February I was enjoying some golf in the warmer climate of the southern U.S. There was very little talk of even the seasonal flu, let alone COVID-19, although my 21-year-old son managed to get Influenza B from his college roommates.

Dynacor bags profit at 9th consecutive year

Dynacor Gold Mines has released its audited consolidated financial statements and the management’s discussion and analysis (MD&A) for the year ended December 31, 2019. These documents have been filed electronically on the Corporation’s website. The financial results for 2019 reflect Dynacor’s ninth consecutive year of profits as the Corporation recorded a net income of $5.2 M ($0.13 or $0.17 CA per share), an increase of 8.3% compared to 2018.

In 2019, the Corporation purchased a record high volume of 105,238 tonnes of ore and processed a record volume of 98,649 tonnes at its Veta Dorada plant compared to 91,512 tonnes in 2018, a 7.8% increase.

During the last quarter of 2019, our production exceeded the daily available capacity of 300 tpd maintaining an average of 330 tpd.  

Sovereign Gold Bond Scheme 2020-21

Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below:

BVC announced Vamastores

The Indian diamond & jewellery industry is experiencing the worst phase of the century due to COVID-19. Health concerns have produced a zero revenue month for the entire industry. Consumer purchase from jewellery retailers is expected to drop by 90% in the first six months of 2020.

Among uncertainty, the only guaranteed behavior change of consumers is to buy online. E-Commerce of gems & jewellery is expected to grow by over 50% this year. To support the industry in becoming online ready, BVC announced the launch of Vamastores.

Poetry and extravaganza by watchmaker

John-Mikaël Flaux is a young watchmaker specialized in the art of mechanics. Based in the French city of Besançon – a town known for French horology - he is a watchmaker candidate for the famous AHCI in Switzerland.

His speciality aims to reinterpret this sector by giving it a poetical and extravagant dimension: The Guêpe (with its wasp-shaped mechanism), Car Clock and Time Fury P18 (watches in the shape of racing cars) and the automatic Duello (fight between 2 mechanical swordsmen), for example.

The worst economic downturn: IMF

In a blog, The Great Lockdown: Worst Economic Downturn Since the Great Depression, Gita Gopinath, Chief Economist- International Monetary Fund (IMF) said, the world has changed dramatically in the three months since our last update of the World Economic Outlook in January. A rare disaster, a coronavirus pandemic, has resulted in a tragically large number of human lives being lost.

As countries implement necessary quarantines and social distancing practices to contain the pandemic, the world has been put in a Great Lockdown. The magnitude and speed of collapse in activity that has followed is unlike anything experienced in our lifetimes.

Alrosa march sales worth $152.8mn

In March 2020, Alrosa Group sold $152.8 million worth of rough and polished diamonds*. The revenue from rough diamond sales to third parties amounted to $148.7 million, and from polished diamond sales – to $4.1 million. Alrosa’s total rough and polished diamond sales in Q1 2020 amounted to $904.2 million. From January to March, rough diamonds were sold for $881.2 million, polished diamonds – for $23.0 million.

“March demand for rough and polished diamonds in all key markets demonstrated a steep decline. The uncertainty in February was followed by severe restrictions and even the suspension of trading because of border closures and quarantine measures across the world. It is needless to say that this has had an extremely adverse effect all along the diamond pipeline.

Kagem shines a ray of hope against Covid-19

Kagem Mining has donated disinfectants, cleaning products and public health posters worth K100k to Lufwanyama District Hospital, Lufwanyama, giving residents hope in the fight against Covid-19 in the province. The donation is part of the company’s community development work, aiming to improve access to quality healthcare in society.

“These materials will help stop the spread of Covid-19 and provide medical personnel with tools for fighting this disease,” said Prahalad Kumar Singh, Kagem’s General Manager, when he handed over the donation to the hospital on behalf of Kagem, the world’s largest emerald mine, which is owned by Gemfields in partnership with the government’s Industrial Development Corporation (IDC).