NEWS
Luanda: Gem International Resources, which
previously indicated its plans to raise $500 000 for its company working
capital, has now lifted the target to $600,000.
The company was currently conducting
exploration work at its Dala diamond project in Angola.
Mumbai: Mr. Saurabh Gadgil – Chairman &
Managing Director, PNG Jewellers laid the foundation of a Ganesh temple in
Ambil Odha Colony, Pune in the fond remembrance of Late Shri. Dajikaka Gadgil
on the occasion of his 3rd Death anniversary.
New York: The number of jewellery
businesses operating in the U.S. fell 6 percent last year as more than 1,000
retailers closed down or merged with competitors.
The drop took the total number of U.S.
firms listed by the Jewellers Board of Trade (JBT) to 26,725 at the end of
2016, the industry association said.
New York: Diamond manufacturing profits
were squeezed in January amid strong rough demand while polished prices
softened. Polished trading was cautious after disappointing U.S. holiday
jewellery sales, while the rough market was driven by expectations jewellers
will replenish inventory sold during the season.
Mumbai: Global gold demand rose 2% in 2016
to reach 4,309 tonnes (t), the highest level since 2013, according to the World
Gold Council’s (WGC) latest Gold Demand Trends report. This was largely driven
by inflows into gold-backed Exchange Traded Funds (ETFs) of 532t, the
second-highest year on record, as investors responded to concerns over future
monetary policy, geopolitical uncertainty and negative interest rates.
New Delhi: The 'angadias' or diamond
couriers in India will not deliver cash from one destination to other
destination starting from February 15, 2017 following the order of the
country's Central Board of Direct Taxes (CBDT) to the angadias to stop
accepting the delivery of cash, says a report in The Times Of India.
New York: The Responsible Jewellery Council
(RJC), which collaborates on responsible sourcing practices in the jewellery
supply chain, has launched its, "New and improved self-assessment workbook
to help kick-start 2017 for our members." RJC explains, "The
self-assessment workbook helps members self-assess their performance against
the RJC Code of Practices (COP). It is like an internal audit you conduct of
your business, to help you prepare for the third party independent audit needed
to achieve RJC certification." The organization says the workbook is
completely refreshed and introduces a few key features that will make the
self-assessment process easier for members, including:
Geneva: Richemont announced the appointment
of new heads at four different brands, including three luxury watchmakers.
Mumbai: Love is in the air and for all of
you struck deeply in love by Cupid; ORRA has recently launched an exciting
collection of pendants with literally the key to her heart crafted on them! In
subtle hues of rose gold, these 18kt pendants are sure to prove to be budget
friendly while putting a smile worth a million dollars on her!
Harare: The Zimbabwe Consolidated Diamond
Company (ZCDC) is considering the use of drones to “effectively” monitor
diamond mining activities in Marange, local media reports.
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-228x228.jpg "U.S. Jewellery Trade Shrinks in 2016")
