Alrosa sales diamonds of $346 mn in February

Alrosa announces rough and polished diamond sales results for February 2020. February sales of rough and polished diamonds* reached  $346.4 million, including rough diamond sales to third parties of $342.3 million, polished diamonds of $4.1 million.

“Our February sales were 14% down compared to January. In February, the uncertainty with the spread of COVID19 virus started to weigh on negatively on the demand and customers’ activity, the factor that will be impacting demand in the coming months. However, we continue to pursue “price-over-volume” strategy to keep prices stable rather than increasing sales volumes," commented Evgeny Agureev, Deputy CEO of Alrosa.

Anglo American Platinum plant shutdown

Anglo American Platinum announces temporary shutdown of the Anglo Converter Plant (ACP) and declares force majeure. Anglo American plc notes the announcement by Anglo American Platinum Limited released to the Johannesburg stock exchange.

The text of the announcement is copied as, Anglo American Platinum announces the temporary shutdown of the entire Anglo Converter Plant (ACP), part of the chain of processing facilities, and the need to declare force majeure. The Company's ACP phase A converter plant, at Waterval smelter in Rustenburg, was damaged following an explosion within the converter on 10 February 2020.

Kirk Kara Heritage and Romance

Angela Kara’s wedding, have you ever wondered what the namesakes behind a world-renowned bridal brand would choose for their own wedding-day jewels? As the daughter of Kirk Kara, a designer whose creations personify romance, Angela Karaguezian Kassabian stayed true to her roots with a bridal jewelry ensemble that honored the timeless and elegant art of handcrafted design.

From the bride’s own mesmerizing Pirouetta engagement ring and accessories to the gifts she bestowed upon her family and groom, each lovingly created piece embodied the Forever Captivating beauty of a custom Kirk Kara design.

Skill Training Centres at Accreditation process

There is a process to get the training centre accredited and affiliated to run National Skill Qualification Framework- NSQF aligned Job Roles. The Centre Accreditation & Affiliation process was earlier carried out on Skill Management Accreditation of Training Centres (SMART) portal (www.smart.nsdcindia.org ) which is now migrated to an unified portal known as Skill India Portal (SIP).

In Skill India Portal, any entity can create a training centre and apply for its affiliation and accreditation after registering itself as a ‘Training Provider’. The detailed process involves, i. Registration as a Training Provider.

ii. Desk Assessment of the documents submitted along with the application by an independent agency.

In the face of the COVID-19: CIBJO

Dr. Gaetano Cavalieri, President, CIBJO said recently, “I write these words from my home in Milan, to which the movement of my family is now restricted, according to new government regulations meant to help prevent the spread of the COVID-19 coronavirus. Fortunately, we are all in good health.”

Messages of encouragement and good wishes have been flowing in from many of you, and they are much appreciated. The spirit of community and mutual support has always been a feature of the jewellery industry, and these are qualities that are especially valued in times like these.

GIFT City set to become Bullion exchange

Post the announcement in the Union Budget 2020-21 for setting up of International Bullion Exchange in GIFT IFSC, the steering committee of World Gold Council held their meeting at Gujarat International Fin-Tec City (GIFT City). Among other things, one of the key points in the agenda was to discuss about developing a comprehensive plan for International Bullion Exchange. In addition, the committee discussed various aspects of instituting an ecosystem for an organized and transparent trading of bullion in GIFT IFSC.

As announced by the Hon’ble Finance Minister, International Bullion Exchange at GIFT IFSC would ensure better price discovery of gold, strengthen India’s position in the global bullion market and create more employment opportunities in this field.

Sarine on site AI self-grading

Sarine Technologies Ltd, is proud to announce another revolutionary innovation, eGrading-self-executed polished diamond 4Cs grading by value-chain industry players on-site at their own facilities utilising Sarine's AI-driven cloud-linked technologies. 

Sarine today is announcing a new paradigm which will revolutionise the way polished diamond grading is done by industry players, in general, and particularly manufacturers. We are enhancing our technology-based AI-derived 4Cs grading with additional functionality for process control and intra-process verification; in order to implement a completely new grading model we have named eGrading.

Divine Solitaires celebrates Women’s Day!

Women play a key role in our lives. In most cases, they are responsible for molding us and shaping our career and life choices. At each stage in their life; as a mother, a sister or a wife, they make countless sacrifices, toil endlessly and spend sleepless nights to ensure that we reach our goals and fulfill our dreams.

Diamonds are a woman’s best friend and what better way to show your appreciation to the women in your life by gifting them diamond jewellery?

Bomberg Watches enters the Filipino market

It is in times of turbulence that one gains market share. Bomberg continues to expand its business at an even faster pace. After opening in Thailand, Malaysia, Singapore, Indonesia, Taiwan, Japan, and more recently in China with two experienced local partners (On Time Group & Forever Light Asia) over the last 18 months, Bomberg, the disruptive Swiss brand, is now entering the Philippines backed by a solid local partner, 88 Prestige Brands, who knows its market inside out.

Gabriele Boschi, CEO of 88 Prestige Brands says: “In my 21 years’ experience in Retail and Distribution in the Philippines, I’ve always looked for brands that have a story, a very strong and unique identity behind it.  With Bomberg, we found a brand with so much personality and unparalleled quality which is found in the best Swiss Made watches.  We are excited to reintroduce this brand back to the Philippine market, and would like to put emphasis that Bomberg is not only about its’ watches, but it’s the look, character and lifestyle that comes with it.”

New and innovative measures in MCA

The Ministry of Corporate Affairs (MCA) has taken several initiatives to achieve the vision of being a facilitator of world class governance of corporates and Mission of easing compliance, balancing interest of stakeholders and achieving excellence in service delivery. The following initiatives have been taken by the MCA:

1.             Ease of Doing Business: Ministry of Corporate Affairs has significantly contributed towards achieving the goal of Ease of Doing Business and is focused on improving corporate governance practices as the objectives of raising corporate governance standards and ease of doing business go hand in hand. In order to facilitate Ease of Doing Business (EoDB) in India and to improve India’s ranking, the Ministry has strengthened effective enforcement of Companies Act 2013, Insolvency and Bankruptcy Code 2016, Competition Act 2002, Limited Liability Partnerships Act 2008 and other allied Acts.