NEWS
Divine Solitaires bags NJ Awards
Divine
Solitaires, India’s first solitaire jewellery brand was recognised at the
prestigious National Jewellery Awards (NJA) for achieving complete transparency
in the diamond industry. The awards function took place on Saturday, 15th
February 2020 at Hotel Renaissance, Mumbai.
Divine
Solitaires was felicitated for being the first-ever solitaire brand in India to
offer complete transparency in quality and pricing along with a unique digital
solitaire experience to diamond consumers.
10 NJA winner students bags IIG sponsorship
International
Institute of Gemology (IIG) sponsored Student of the year awards to 10 winners
with the scholarship amount 10 lacs (one lac each) in the 9th Edition of
National Jewellery Awards (NJA 2019), one of country’s most prestigious awards.
NJA
honors the work of designers and manufacturers in various categories such as
Best Jewellery Designs, Best Diamond & Precious Metal Jewellery, and even
Students of the year awards to encourage fresh talent, honor innovation and
creativity of the students & designers to boost the industry. IIG was an
official Education Partner for NJA 2019 organised by GJC.
Exports from SEZs achieve USD 100bn mark
SEZ
Gems & Jewelry exports shares 13.3%
The
Special Economic Zones (SEZs) India continues to take the lead in expanding the
exports for the country. Even in the midst of volatile global economy, SEZs in
India have shown resilience and have achieved 100-billion-dollar worth of
exports in FY 2019-20, as on 17thFebruary 2020.
GJTCI announces B2B Meet on April 10-11
After the Success of GJTCI Networking Meet Grande, Gem and Jewellery Trade Council of India is all set to organise a specially designed B2B Meet at a special destination to combine business with leisure.
The
two day event will take place in Goa on 10 and 11 April, 2020, to witness
renowned Manufacturers, Wholesaler and Retailers from India. An extravagant
meet that will provide the perfect context for generating real prospects and
promote exquisite jewellery and craftsmanship
Peter Meeus makes second bid for HRD
In
execution of a sales process announced by the Antwerp World Diamond Centre
(AWDC) to sell a majority of the shares of HRD Antwerp NV, as announced in the
Summer of 2019, Peter Meeus has made an offer through a Letter of Intent (LOI)
deposited at AWDC/HRD.
Meeus
has made a bid complying 100% with the terms as originally communicated by
AWDC, in particular to buy a 51% stake for the communicated asking price and
that AWDC as holder of the intellectual property would procure the transfer of
the HRD Brand after expiration of 15 years during which a royalty would be paid
by the purchaser.
First-of-its-kind Orra Bridal Zone
Actress
and style icon Bhumi Pednekar launched the largest store of Orra, the bridal
jewellery brand for the style-conscious women of today and brides, in the City.
Hundreds of women cheered this momentous occasion of diva Bhumi Pednekar
launching the 3,500 sq. ft. Orra Fine Jewellery store at Rachna Galaxy, Plot
-10, Ground floor, Ambazari Rd, Dharampeth. Mr. Dipu Mehta and Mr. Cecil de
Santa Maria were also present on the occasion.
The
first-of-its-kind Bridal Jewellery Zone in the Orra store helps brides and
their families to try on dazzling diamond jewellery in complete comfort while
spending an enjoyable time during trials. Orra’s design team will counsel and
guide them to become Perfect Brides on their D-Day.
Anmol captures the essence
Anmol
has been known to be a preferred jewellery brand of fashion connoisseurs for
last 34 years. Recently, Luxury blogger
Masoom Minawala and her Dadima were seen sharing some timeless moments where
they both looked ‘Inherently Luxe’ in Anmol's exquisite creations.
The
brand has been known for their timeless designs and the fact that it appeals to
‘Anmol Women’ of all generations. An ‘Anmol Woman’ is Inherently Luxe – she is
born in Luxury, raised by mothers and grandmothers who appreciate class and have
taste for finer things in life. The campaign is the brand’s tribute to all the
‘Anmol Women’.
Debbie Interviews for Valentine’s Day 2020
Debbie
Azar, President and Co-Founder of Gemological Science International (GSI), was
interviewed on six major broadcast outlets where she was invited to speak as an
industry expert in the lead up to Valentine’s Day 2020. Azar was asked to
comment on various industry topics including jewelry trends and brands,
sustainability and the importance of GSI certificates so consumers can make
informed purchases when buying diamonds and jewelry.
Azar
started with a live appearance on WCBS New York’s Sunday morning show on
February 9th with Anchors Cindy Hsu and Steve Overmayer. Cindy Hsu stated, “So
if you are shopping and say ‘Hey I need that GSI certificate, if they don’t
have it that’s no good?’” Azar responded, “Any reputable jeweler should be able
to provide you with a grading report from a legitimate laboratory like GSI”.
Detection of unaccounted income over Rs.2K Cr
Searches
conducted by the Income Tax Department lead to detection of unaccounted income
of more than Rs. 2000 crore! Income Tax Department carried out Search and
Seizure action on 6th February 2020 at Hyderabad, Vijayawada, Cuddapah,
Vishakhapatnam, Delhi and Pune. More than 40 premises were covered.
The
search action included three prominent infrastructure groups based in Andhra
Pradesh and Telangana. Investigations led to busting of a major racket of cash
generation through bogus sub-contractors, over-invoicing and bogus billing.
Several incriminating documents and loose papers were found and seized during
the search, apart from emails, WhatsApp messages and unexplained foreign
transactions unearthed during the search.
Palladium rally driven by tight fundamentals
TD Securities published an update below on the
palladium market this morning. Palladium prices continue to make fresh all-time
highs based on a fundamentally driven supply/demand crunch. The Waterberg PGM
Project has the potential to be one of the largest and potentially lowest cash
cost underground PGM mines globally as confirmed by a recently completed
Definitive Feasibility Study (DFS).
The spot metal basket price per 4E ounce for
the Waterberg Project has increased by an aggregate of approximately 25% since
spot prices for the DFS were measured on September 4, 2019. The market outlook
for strong palladium demand and the potential for continued palladium supply
deficits indicate a bright future for Waterberg's dominant metal.