NEWS
Mumbai: Keeping the style sensibilities of
the modern woman in mind- who is always seeking something exclusive, classic
yet versatile, this season, Dwarkadas Chandumal have crafted a masterpiece,
which will make the wearer the cynosure of all eyes.
The exquisitely crafted platinum bracelet
is inspired by nature. The design embodies the support that branches and
tendrils lend to a tree and the bracelet’s intricate pattern reminds you of the
inter-dependability, responsibility and positivity of nature. This unique
creation wraps around the wrist like the sturdy branches of a venerable tree
standing tall in full bloom. This breath-taking design, does justice to a metal
as eternal, pure and everlasting as platinum. Both the design concept and eternal
strength and durability of platinum, effortlessly come together to create a
piece that is sure to be forever stylish!
In order to assure consumers of the purity
of platinum jewellery, Platinum Guild India Pvt. Ltd. has appointed
Underwriters Laboratories (UL Inc, USA) to audit and monitor its Quality
Assurance Scheme. Under this scheme, all authentic platinum jewellery in India
comes with a Quality Assurance Card and bears the purity hallmark of “Pt 950”
stamped
inside the piece. This also serves as an assurance
of a ‘buy back’ programme.
Antwerp: From 11 through 14 December, the
City of Antwerp, in the presence of Mayor Bart De Wever, is organizing a
mission to Seoul. One of the most important objectives of this mission is to
promote the Antwerp diamond industry, which is why the Antwerp World Diamond
Centre is a partner to this mission. South Korea is a growing market for
polished diamonds, yet Antwerp’s market share in the country is currently
rather limited. It is therefore high time to strengthen our commercial ties.
Seoul: In the framework of an economic
mission to South Korea (Seoul) and China (Shanghai), presided over by Antwerp's
Mayor Bart De Wever, the internationally renowned diamond grading lab HRD
Antwerp has announced it will start offering bilingual diamond grading reports
with the first reports available in English/Korean and English/Chinese as of
February 1, 2017.
New York: De Beers Diamond Jewellers
unveiled its flagship New York store, in which it features rough diamonds to
give customers a better sense of the finished product’s origin.
To mark the occasion, the jewelry retailer
displayed a 109-carat, type-IIa rough diamond at the store, which covers 200
square meters on Manhattan’s Madison Avenue.
“To have a beautiful polished diamond you
have to start with a beautiful rough,” said François Delage, chief executive
officer of De Beers Diamond Jewellers, in a TV interview with Bloomberg. “This
is really where our expertise lies, and we wanted our potential clients to be
able to experience what it is to touch and feel beautiful rough.”
The store is De Beers fourth jewelry outlet
in the U.S. and its first standalone location in New York. Its other outlet in
the city opened in 2005 inside the Saks Fifth Avenue department store.
“We felt it was the right moment for us to
offer to our client an experience which was more in line with what they were
looking for – something which is a bit more intimate, a bit more exclusive,” Delage
added. “We saw that the premises on Madison Avenue were probably more fitting
with what the brand was about and standing for.”
De Beers Diamond Jewellers, a London-based
joint venture between De Beers and LVMH Moët Hennessy Louis Vuitton, reported revenue
grew 3 percent to $161.3 million in 2015 as sales of high jewelry improved
strongly. Apart from the U.S., the brand has two stores in Canada, seven
locations in Europe, three in the Middle East and 17 in Asia. Its business in
China – where it has five outlets – is “growing double-digit,” Delage said.
New York: The American Gem Society (AGS)
has appointed Katherine Bodoh as its new CEO. She will assume responsibilities
on March 1, 2017 and succeeds current CEO, Ruth Batson, who is retiring.
Bodoh is currently the Deputy Executive
Director of the American Gem Society and was previously at Jewelers Mutual
Insurance Company (JM), serving as their Director of Commercial Lines Marketing
and Industry Relations. At JM, she began working in a strategic partnership
role with the American Gem Society as a liaison between the AGS Guilds and JM
which she continued after she joined the AGS.
Moscow: ALROSA President Andrey Zharkov and
company executives have held annual business meetings with the company’s
long-term clients from more than 70 companies around the world.
The sides discussed ALROSA’s management
diamond market trends, the company’s sales structure, and assessed ALROSA’s
steps on developing its sales methods and geography.
New York-Mark Gershburg, Founder and CEO of
Gemological Science International (GSI)), has made the decision to step down as
director of USKPA. The USKPA is the only organization of its kind in the world.
It’s a trade association that works closely with the U.S. Government to prevent
the infiltration of “conflict diamonds” into legitimate trade.
Ramat Gan: The sixth International Diamond
Week in Israel (IDWI), February 13 – 16, 2017, will feature a full eight
tenders of rough and polished diamonds by major diamond producers and
suppliers. The tenders will take place under the auspices of the Israel Diamond
Exchange (IDE) International Tender Center, which will be officially launched
during the event.
During IDWI, I. Hennig Tenders will hold
its second tender of polished diamonds in collaboration with the International
Tender Center. As in the company’s successful tender in September, on offer
will be an interesting selection of diamonds, including commercial and fine
polished goods in various shapes qualities.
Mumbai: Jewellery sales in India are
gradually picking up momentum with consumers visiting retail stores to take
advantage of the fall in gold prices, reports Business Standard.
Consequently, there has been a sharp
increase in consumer footfall over the past two weeks as buyers are getting
habituated with cashless transactions. Since cash transactions contributed
nearly half of the jewellery sector's turnover, the complete shift to cashless
transactions is expected to take at least a year with buyers in remote areas
requiring a bank account, debit cards and proper training to initiate cashless
transactions.
Consumers in urban areas, however, have
started using cards and online fund transfers for jewellery purchases.
"Buyers have started gradually coming
in. Sales have begun gradually picking up. But it will take sometime for
restoring jewellery sales to the pre-demonetisation level. Online transaction
is a smooth experience which requires no human intervention for counting,
accepting, depositing in the bank etc. Online transactions are completed in a
few seconds without any error or omission. The moment we get the message of
fund transfer, we deliver the jewellery," said Kumar Jain, director,
Umedmal Tilokchand Zaveri, a bullion dealer and jewellery retailer in Zaveri
Bazaar.
In short, jewellery sales have recovered
half of their losses since demonetisation in the past two weeks.
"Cash transaction has disappeared. But,
consumers used to card transactions are coming back to jewellery stores. We are
witnessing a turnaround in consumers turnouts since December," said Ashok
Minawala, director, All India Gems and Jewellery Trade Federation.
The 10th edition of Signature IIJS 2017 is all set to unveil the most
coveted premium jewellery and kick-start the new buying season from 7th
(Tuesday) – 9th (Thursday) February, 2017 at Bombay Exhibition Centre,
Goregaon. The 4th edition of India Gem & Jewellery Machinery Expo (IGJME) –
one of the leading gem and jewellery (G&J) technology fairs - will be held
in conjunction with SIGNATURE IIJS on the same dates and at the same venue.
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