Lunar Rat 1oz Minted Coin

ABC Bullion presents the 2020 Lunar Rat 1oz Coin, the fourth coin in the ABC Bullion Lunar Coin series! Each coin showcases an astute rat standing on its hind legs, holding an ancient Chinese coin minted with the Chinese characters ‘鼠兆豐年’, which translates to, Year of the Rat. Delicate lotus flowers and lily pads, symbolising purity and enlightenment, are scattered throughout the background.

Those born in the year of the Rat are believed to be wise, quick-thinking, practical, optimistic, and ambitious. 2020 is said to be a prosperous year for those born in the year of the rat, making this coin the perfect choice as an investment or gift.

Semi-industrial mining to stop in Angola

The Angolan diamond sector might put an end to semi-industrial mining, aiming to provide more competitiveness, transparency and efficiency to the activities in the sector, announced last Monday, the chief executive officer of the state-owned National Diamonds Company (ENDIAMA), Ganga Júnior.

Speaking to the press, during an assessment of the activities carried out by the sector in 2019, the ENDIAMA C.E.O said there is institutional intention to end semi-industrial exploitation and stay only with industrial operations, regardless of whether they were large or small cooperatives.

Diamcor Q3 revenue of US$ 1.4mn

Diamcor Mining announces the results of tenders and sales of rough diamonds completed in the Company’s third fiscal quarter (Q3) ending December 31, 2019.  Subsequent to the completion of a third and final tender for the period, the Company increased the total rough diamonds delivered and sold during the period to 13,218 carats, generating gross revenues of USD $1,412,117, which resulted in an average price of USD $106.83 per carat for the period. 

This represents a significant increase when compared to the sale of 3,759.62 carats, generating gross revenues of USD $560,059 in the Company’s previous interim period ended September 30, 2019.  A portion of the increase in the overall volume of carats sold during the quarter ended December 31, 2019 was attributable to the increased level of rough diamond inventory held as stock on hand at September 30, 2019, and the timing of the initial rough diamond tender completed early in October of 2019. 

Divine Solitaires, announced the launch of E-commerce

Divine Solitaires, India’s first solitaire jewellery brand announced the launch of its E-commerce platform with an aim to make the best of the solitaires available to their customers in the comfort of their home. Having been a specialist of the solitaire segment for over a decade, Divine Solitaires (www.divinesolitaires.com/shop) is now the only online platform exclusively dedicated to selling solitaires. A wide range of solitaire jewellery like rings, earrings, pendants, nose pins, oval bracelets, tennis bracelets, bangles, necklaces and mangalsutras is available online.

A growing interest and the preference of millennials and the GenZ to shop luxury and lifestyle goods online have resulted in an upward moving market trend in India. With the launch of its e-commerce portal, Divine Solitaires will now empower the customers to create a piece of solitaire jewellery as per their preference and price range and choose the solitaire on various parameters like price, carat, color, clarity and cut. Divine Solitaires will introduce newer contemporary designs in various popular categories like engagement rings, cocktail rings, and men’s collection etc. periodically. 

GIA Diamond Reports to Times Square

GIA (Gemological Institute of America) brings the message of its consumer protection mission and its new innovative Diamond Origin Reports to crowds in New York City’s Times Square during the holiday season, including the famous New Year’s celebrations and Valentine’s Day.

“Over the coming months, there will be millions of engagement moments shared around the world. At the center of most will be the story of a diamond,” said Mark Buntz, GIA’s senior vice president and chief marketing officer. “At GIA, we are proud to give consumers the knowledge to tell that story, and to trust in the quality and origin of their diamond. There is no place better than the heartbeat center of New York City to introduce consumers to GIA’s mission, services and reports.”

Update on coral resource traceability

On January 20th 2020 at 12:30, at the VO Square of pavilion 6 in Vicenzaoro January - important updates on the sustainability and traceability of the coral resource. During the awaited meeting, the methods of evolution of the collection of the coral used in jewelry increasingly directed towards sustainable use will be illustrated thanks to the support of supranational bodies and organizations.

The Jewelled Tiger, a numismatic treasure

Struck from 10oz of pure gold, The Jewelled Tiger is a numismatic treasure honouring one of the most powerful animals in oriental culture with a magnificent three-dimensional representation of the beast known as the ‘king of the mountain’.

The tiger’s body is crafted from 18-carat rose gold and meticulously pavé-set with 328 spectacular Argyle pink diamonds. A Muzo emerald shines from each eye. An ancient symbol of courage, strength and ambition, the tiger is depicted atop a rocky outcrop with its mouth open in a display of dominance.

CBDT grants relaxation in filing of ITR

In order to ensure that the e-filing utility for filing of return for assessment year (A.Y) 2020-21 is available as on 1st April, 2020, the Income-tax Return (ITR) Forms ITR-1 (Sahaj) and ITR-4 (Sugam) for the A.Y 2020-21 were notified vide notification dated 3rd January, 2020.

In the notified returns, the eligibility conditions for filing of ITR-1 & ITR-4 Forms were modified with intent to keep these forms short and simple with bare minimum number of Schedules. Therefore, a person who owns a property in joint ownership was not made eligible to file the ITR-1 or ITR-4 Forms.

Gold industry India in the cusp of transformation!

Recently Somasundaram PR, Managing Director, India-World Gold Council said on the mandatory hallmarking notification. He said, “The gold industry in India is at the cusp of transformation, as transparency, standards and infrastructure begin to define the next phase of reforms.”

Earlier, the Union Minister of Consumer Affairs, Food and Public Distribution held a press conference & said regarding mandatory hallmarking of Gold jewelry & artefacts in India for which notification will be issued by the Department of Consumer Affairs providing a period of one year for implementation i.e. till January, 2021.

Lucara & Louis Vuitton Enters Collaboration

Lucara Diamond Corporation announces that it has entered into a collaboration with Louis Vuitton (LV), the famous luxury House, and the HB Company  (HB), a diamond manufacturer from Antwerp, to manufacture its historic, record setting, 1758 carat Sewelô diamond recovered from its 100% owned Karowe Diamond Mine in Botswana in April 2019. 

Sewelô, which means, rare find in Setswana, is the second, +1000 carat diamond recovered from Karowe in four years and the largest ever recovered in Botswana. The diamond has been characterized as near gem of variable quality, with recent analysis confirming that it also includes domains of higher-quality white gem.