NEWS
Los Angeles: Hollywood’s biggest stars celebrated their achievements wearing platinum jewellery at the 74th Annual Golden Globe Awards and related parties. Glamourous statement earrings and multiple bold rings were top the jewellery trends.
Mumbai: Forevermark diamonds lit up the
red carpet at the 74th Annual
Golden Globe Awards on Janelle Monáe, Hailee Steinfeld, Brie Larson, and Sophie
Turner.
Mumbai: The Directorate of Revenue
Intelligence (DRI) has busted a major gold smuggling syndicate that used
passengers as mules, and arrested Farida Juzar Hajuri, a resident of Vasai (W),
from the international airport at Sahar for attempting to smuggle 6.053 kg of
gold worth Rs. 1.16 crore. The gold was concealed in bubble wrap on Hajuri’s
person, who arrived on Emirates flight EK502 from Dubai late on Friday, officials
said.
The American Gem Society Laboratories (AGS
Laboratories) has started a new service called Only My Diamond.
Tel Aviv: Sarine Technologies expects
fourth quarter revenue grew significantly as sentiment improved in the Indian
diamond manufacturing sector, the diamond equipment supplier said in a trading
update.
Ramat Gan: Israeli billionaire businessman
Beny Steinmetz was released from house arrest last week after he was detained
last month on suspicion of money laundering and bribing public officials in
Africa, writes The Times of Israel. The diamond and mining magnate was arrested
on December 19 and accused of paying millions of dollars in bribes in the
Republic of Guinea in exchange for advancing his business interests in the
country, according to the Israel Police.
Luanda: Diamond exports from Angola
declined by 8.45% during 2016, generating revenue of US$ 1.082 million as
against the US$ 1.182 million earned a year earlier, according to media reports.
Quoting statements by minister of Geology and Mining of Angola, Francisco
Queirós, the media said that the country produced 7.2 million carats during
2016 as compared to 8.394 million carats of rough during the earlier year.
Mumbai: Faced with a sharp decline in
exports owing to removal from the European Union's (EU's) preferential list,
Indian jewellers plan to woo buyers by introducing exclusive hand-crafted
designs into the market. In May, the Gems & Jewellery Export Promotion
Council (GJEPC) would be organising a visit of around three dozen manufacturers
and exporters to the EU to help attract customers. Organisers would be
targeting importers from Britain, France, Belgium and Germany.
An increasing number of jewellers are
offering incentives to customers for purchases through cashless means such as
debit and credit cards, demand drafts and cheques, and payment modes like RTGS
and NEFT, as they gradually adapt to dwindling cash purchases in the wake of demonetisation
last month.
Mumbai: Gold sales have picked up by 40-50%
this month as consumers are getting used to digital transactions to purchase
the metal
Gold jewellery sales are slowly picking up
after having tumbled 75-80% in the days following the government's November 8
announcement demonetising high-value old currency notes.
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