The wonders of Van Cleef & Arpels

The exhibition "Van Cleef & Arpels: Time, Nature, Love" has closed at Palazzo Reale which presented for the first time in Italy the universe of the Maison of High Jewelry through over 400 jewels, watches and precious objects created since its foundation in 1906. The exhibition celebrated the unique ability of the jewels to combine eternity and ephemeral, love and manufacture, beauty and art.

Divided into three sections - Time, Nature, Love, the exhibition was conceived taking inspiration from Italo Calvino's American lessons. Among archival documents, line drawings and gouache drawings, the origins of artistic creation have been witnessed by accompanying the precious specimens from the Van Cleef & Arpels Collection and private loans.

Alrosa offers greater flexibility to long-term customers

Alrosa takes further action to support long-term customers amid global market uncertainty, said Alrosa. Since the beginning of this year, Alrosa has been taking consistent steps to improve trading flexibility. By the start of its trading session in March, the mandatory amount of rough diamonds required to be bought had been lowered from 55% to 50%.

In a stable market environment, for comparison, Alrosa usually sets this at 80% level, as was the case in 2018. Until mid-2019, it was 70%. Given the current market developments, the Company has decided that, starting this week, it will let customers off take 40% of the initially contracted volume and carry the remaining part over to the end of May 2020.

Flexible tender process for selected Letšeng

Gem Diamonds announces that the second round of the Letšeng flexible tender sales process has concluded and raised a further US$6.7 million for a selection of Letšeng's large, high quality diamonds.  The conclusion of the latest flexible tender sales process sees the Company achieving an average value of US$1 615 per carat for Q1 2020 (US$ 1 713 per carat in Q4 2019).

The flexible tender sales process was put in place as a result of the March large diamond tender being cancelled due to the travel and other Covid19 restrictions imposed by the Belgian government and the governments of the Company's clients. The flexible tender sales process will continue during the period of these restrictions.

No Extension of the Financial Year

There is a fake new circulating in some section of media that the Financial Year has been extended. A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted. There is no extension of the Financial Year.

The Finance ministry said that a notification has been issued by the Department of Revenue, Ministry of Finance which relates to certain amendments to the Indian Stamp Act. It pertains to putting in place an efficient mechanism for collection of Stamp Duty on Security Market Instruments transactions through Stock Exchanges or Clearing Corporation authorized by Stock Exchanges Depositories.

MCA revised the LLP Settlement Scheme, 2020

Ministry of Corporate Affairs introduces the, Companies Fresh Start Scheme, 2020 and revised the, LLP Settlement Scheme, 2020 to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19!

In pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, the Ministry of Corporate Affairs (MCA), has introduced the, Companies Fresh Start Scheme, 2020 and revised the, LLP Settlement Scheme, 2020, which is already in vogue to provide a first of its kind opportunity to both companies and LLPs to make good any filing related defaults, irrespective of duration of default, and make a fresh start as a fully compliant entity.

Noemia RW collection of gold PVD plated

This elegant and timeless collection celebrates the artistic and musical spirit behind the Brand’s DNA. Following in the footsteps of the great composers, toccata promotes Raymond Weil’s Swiss horology while respecting the tradition and heritage handed down from generation to generation within the family company.

This delicate two-tone model in yellow gold PVD plated and stainless steel, featuring a 32mm case and subtly crafted mother-of-pearl dial. Lose yourself in the ever-changing reflections of the 62 full-cut 0.35 carat diamond-studded dial. Its finishing touch is a crown sheltered by a layer of midnight blue lacquer.

Buffalo Gold Proof Sale on April 9

The United States Mint (Mint) will begin accepting orders for the 2020 American Buffalo One Ounce Gold Proof Coin (product code 20EL) on April 9 at noon EDT.

First issued in 2006, the American Buffalo One Ounce Gold Proof Coin was the first 24-karat gold proof coin ever struck by the Mint and is the collector version of the official United States Mint American Buffalo One Ounce Gold Bullion Coin. Designs featured on this coin are based on the 1913 Type I Buffalo nickel by sculptor James Earle Fraser.

FM attends Extraordinary G20 Virtual Meeting

Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman participated in the 2nd Extraordinary G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Saudi Arabian Presidency today, to discuss the impact of Covid-19 pandemic on the global economy and coordinate efforts in response to this global challenge.

Finance Minister appreciated the Saudi Presidency for organizing these meetings which provide opportunity to all G20 members to not only share their individual experiences but also to work in better coordination.

De Beers $2.5mn to fight Covid-19

De Beers Group today announced that it will contribute $2,500,000 across Botswana and Namibia to aid the response to the Covid-19 crisis.

De Beers Group is a 50/50 joint venture partner with both Botswana and Namibia in the recovery and sorting of rough diamonds. Its contribution in both countries forms part of a larger effort across De Beers Group’s four producing countries including Canada and South Africa to support governments and communities in the procurement of medical supplies, logistical support, vulnerability assessment support plans, food security for vulnerable households, water supply to communities, community COVID-19 awareness and education, and local clinical support.

Alrosa fight with Covid-19 in Yakutia

Alrosa CEO said, he is to support fight with Covid-19 in Yakutia from personal account! Alrosa CEO Sergey Ivanov reduced his stake in the Company. The proceeds from the sale, more than RUB 18.5 mn, will be used to counter the spread of Covid-19 infection in Mirny district of Yakutia, where Alrosa operates.