Measures to protect Banks Commercial decision

The Finance Minister has repeatedly assured Bankers that adequate measures would be taken to protect honest commercial decisions taken by them and distinction would be made between genuine commercial failures and culpability.

Every Bank was also required to take steps to dispose of internal disciplinary and vigilance cases in a time bound manner so that such cases do not linger on account of procedural delay so as to avoid adverse impact on staff morale and reduce scope for harassment.

As part of this endeavor of Government, Section 17A was incorporated in Prevention of Corruption Act requiring prior permission before initiating investigation against a public servant.

De Beers announces Cycle 1, 2020

De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2020. The first sales cycle of 2020 provisionally worth of US$545 million.  Bruce Cleaver, CEO, De Beers Group, said: “Demand for rough diamonds increased during the first Sight of 2020 following the end of year selling season and subsequent inventory restocking.”

Diamond recovery at Brazil Minerals

Brazil Minerals, announced that its diamond recovery operations have been producing gem-quality stones and that the larger specimens will be cut and polished by professional cutters. The best diamond production runs have come from excavated areas located at the edge of the licensed perimeter for mining and closest to the local waterway.

For alluvial gold production, the difference in yield between the two extremes of the licensed perimeter has been up to eighteen-fold. Brazil Minerals is focused on advancing its operations, including needed permitting, to those mining areas with the most attractive concentrations.

Tabakorole Gold Project of 7880K tonnes

On air core drilling at Tabakorole Gold Project, Southern Mali Altus Strategies, the Africa focused project and royalty generator, announces the commencement of a 2,000m air core (AC) drilling programme at the Company’s Tabakorole gold project located on the in southern Mali, approximately 100 km southwest of the formerly multi-million ounce Morila gold mine owned by Barrick Gold Corporation.

The drilling is being completed by Glomin Services Ltd under the joint venture between Glomin and Altus, as previously announced by the Company on 02 December 2019. Key findings say JV financed 2,000m AC drill programme at Tabakorole gold project in southern Mali.

Question mark Collection by Boucheron

Frédéric Boucheron, first of the great contemporary jeweller to open a boutique on the Place Vendôme, has always been able to show his visionary spirit through his jewelry collections. This creative daring revealed over the years the true jewelry icons of the Maison.

Each of them embodies the freedom to create spirit. From the question mark necklace, through the eternal flowers, to the collection of animals: All creations reflect the Boucheron savoir-faire. Even from the first years after the foundation of the Maison, Frédéric Boucheron breaks free of traditional jewelry-making, in which techniques he has become an expert.

Upcoming Engagement Ring Trends

We Have Compiled Timeless and Upcoming Engagement Ring Trends Here! One of the hardest parts of choosing the engagement ring is picking the style that suits your loved one. To help and guide you through this monumental journey we have compiled all timeless and upcoming engagement rings trends for you.

Lucapa inks Cutting polishing partnership with Graff

“First share of partnership profits expected this quarter. Additional cutting & polishing revenues, together with production expansion, to grow Lulo diamond revenues and returns,” said Lucapa Diamond Company Limited.

Recently Lucapa announced another key advancement in the Company’s cutting & polishing strategy, with Lulo alluvial mining company Sociedade Mineira Do Lulo (SML) entering into a cutting & polishing agreement with leading diamond manufacturing group Safdico International (Safdico).

WDC proudly announces appointment

Elodie Daguzan is to become the new Executive Director (ED) of the World Diamond Council (WDC), following the approval of her appointment by the organization’s Board of Directors. She will officially assume duties on February 1, 2020.

A French native, Ms. Daguzan is a 19-year veteran of the diamond industry, having filled a variety of roles in various sectors of the value chain. Over this period, she held positions at several of the most prestigious high-end jewelry brands, and for the past eight years have been Head of Communications and Industry Relations at Rubel & Ménasché, a Paris-based diamond trading company.

Clubjio, The Jeweller’s School Announced!

In the past 3 years the Gem & Jewellery Industry has been faced with a diverse set of challenges that have impacted the energy in retailing. Demonetization, the Aadhar and Pan Card Mandate, the saturation of the appetite of the average diamond jewellery purchaser, the new gen’s attitude towards all things gold and diamond, the foray of the national brands across mini metros and tiny cities  - in all of these situations, the worst hit is the family jeweler.

Not only has there been a hit in business/margins for many a jeweler, there has also been a hit in pride and confidence of the future. It is in times like these, that the traditional family jeweler looks up to progressive thoughts and ideas that could help him surf the tide of change. Clubjio is a niche initiative that would bring about a wave of change and influence management in jewellery retailing.

GGJS next in the December 2020!

Gujarat is the hub for Gem & Jewellery (GJ) industry & trade! At the GGJS we have set the standard and benchmark for jewellery exposition in India. Initially there was no such platform despite Gujarat State was the hub! “We resolved to commence our won set up and we begin with flying start initiative in the area of jewellery exhibition” said Shantibhai Patel, President-Gem & Jewellery Trade Council of India (GJTCI). As of today, at the edition of GGJS there are about1000+ showcases or stalls in the dome. Now, we are accommodating MSMEs and up corporate players under this roof!