NEWS
Alrosa launches digital tender untill April 6
Alrosa
has launched a digital tender for special size rough diamonds (over 10.8
carats). It allows customers purchasing stones despite current travelling
restrictions imposed between countries due to the Covid-19 pandemic. The
auction takes place between March 23 and April 6.
Due
to the global situation, the company decided to cancel the upcoming special
size auctions, simultaneously offering customers to take part in a digital
tender if they need such rough.
Letšeng large diamonds tender concludes!
Gem
Diamonds Limited announces that the first round of the Letšeng flexible tender
sales process concluded on 26 March 2020 and raised US$12.1 million for a
selection of Letšeng's large, high quality diamonds.
The
previously announced 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.
Forces to improve business remotely
With
the world in physical shutdown as a result of the Covid-19 coronavirus, and
with members of the diamond and jewelry trades scrambling to find solutions
that will enable them to manage their supply chains both remotely and more cost
effectively, two of the industry’s most cutting-edge players have announced a
partnership with game-changing potential.
UNI.Diamonds,
operator of the online ecosystem that connects between vendors and buyers,
securing the sale and safe delivery of polished diamonds anywhere on the globe,
will be collaborating with EzCalc, the world’s most popular application for
calculating diamond prices.
Latique Launches New Collection, Verde
Verde
in Italian means the color green. It is the color of life, renewal and Mother
Nature. Green heals and calms down the senses and more so is associated with
growth and harmony. The synergy we see in nature, the tranquility we feel when
we see lush green fields is all because of Verde, the color of our mother
nature. In our latest collection Verde, we have captured this essence of the
color green with the designs aesthetics capturing both the classic and the new
age.
Citrina: Made in 18 kt gold, beaded with
coral beads and a carved coral flower at the back with a pendant of brilliant
cut diamonds and pink opal, a tassel of green tourmaline, carved corals and
drop of black onyx.
GJEPC contributes Rs21Crore to PM-CARES
In a
statement Mr Pramod Agrawal, chairman-GJEPC said, “GJEPC, the apex body of gem
and jewellery trade in India has decided to contribute Rs. 21 Crore to PM-CARES
Fund, pledging our commitment on behalf of the entire gem & jewellery trade
in India for the welfare of the nation.
Nation
is facing an unprecedented crisis and needs the service of organizations and
their resources like never before. In such times, the Council steps forward to
show its solidarity and ardent support towards all the initiatives undertaken
by Govt of India to Fight Covid 19
FTP 2015-2020 extended for one year!
The
Union Commerce and Industry Ministry today announced changes in the Foreign
Trade Policy (FTP) of Government of India. The present Policy which came into
force on 1st April, 2015, is for 5 years and has validity upto 31st March,
2020.
In
view of the unprecedented current situation arising out of the pandemic Novel
COVID-19, the Govt. has decided to continue relief under various export
promotion schemes by granting extension of the existing Foreign Trade Policy by
another one year i.e. up to 31st March, 2021. Several other relief measures
have also been announced to support trade and industry.
Taxation Relaxation Ordinance issued: FM
In
order to give effect to the announcements made by the Union Finance Minister
vide Press Release dated 24.03.2020, regarding several relief measures relating
to statutory and regulatory compliance matters across sectors in view of
Covid-19 outbreak, the govt has brought in an Ordinance on 31.03.2020 which
provides for extension of various time limits under the Taxation and Benami
Acts.
It
also provides for extension of time limits contained in the Rules or
Notification which are prescribed/ issued under these Acts. It may be noted
that the outbreak of Novel Corona Virus across many countries of the world has
caused immense loss to the lives of people, and accordingly, it has been termed
as pandemic by the World Health Organisation and various Governments including
Government of India.
Rio Tinto on human tragedy Covid-19
Rio
Tinto chief executive J S Jacques said “Covid-19 is a human tragedy and we all
have to play our part as the pandemic spreads. Rio Tinto’s first priority
remains the health and safety of all of our employees and communities. During
these uncertain times, we continue to deliver products to our customers
supported by our global sales and marketing teams.
“We
have taken extensive measures across the business to help protect our people
and communities, and have increased these as the pandemic spreads, in line with
guidance or directives from governments and advice from international health
organisations on best practice.
Gemfields books net profit in 2019
In
accordance with the JSE, Gemfields is reasonably certain that its net profit
after tax will be USD 39.1 million for the year ended 31 December 2019 compared
to a net loss after tax of USD 60.4 million for the year ended 31 December
2018. In ZAR terms, the net profit after tax is expected to be ZAR 565 million.
Gemfields’
two key operating assets, MRM and Kagem, generated revenues of USD 121.5
million (USD 127.1 million for the comparative period) and USD 79.0 million
(USD 60.3 million for the comparative period) respectively during the year to
31 December 2019 and Fabergé recorded revenues of USD 10.5 million (USD 13.4
million for the comparative period).
Journey together is cause for great hope!
RJC
Executive Director, Iris Van Der Veken, expressed out at the juncture of
Covid-19, “The past few days my team and I have had so many inspiring
conversations with industry organisations around the world on how we can
accelerate partnerships. We are all in this journey together. This alone is
cause for great hope.”
I am
writing to you from sunny spring-time London. Except it is a very strange
spring and all of London is eerily silent. Right now, my thoughts are with our
members, all of our stakeholders and their families around the world. On a
personal level, not being able to visit Belgium to see my son and my parents
who are both in their 70s has been a bit challenging.