Coming January 30 for Happineſs Coin

The US Mint says, ‘coming January 30 is for Happineſs coin, joins Life and Liberty! The three-year Preamble to the Declaration of Independence Platinum Proof Coin Series becomes complete with the release of the 2020 Preamble to the Declaration of Independence Platinum Proof Coin, Pursuit of Happiness.

The American Eagle Platinum Coin is produced with a proof finish. This one ounce coin produced by the U.S. Mint is a beautiful piece of patriotic art. Platinum Bullion Coins provide investors with a convenient and cost effective way to add platinum to their investment portfolio.

Piyush Goyal to resolve SMEs issues

The Micro Small and Medium Enterprises (MSME) sector has better adaptability to cater to the export market due to its smaller size and can adapt to market change sooner said Union Minister of Commerce and Industry & Railways, Piyush Goyal, during a meeting held in New Delhi yesterday to discuss with MSME associations various industry issues and examine the steps that may be taken to resolve them.

Many issues pertaining to the MSME sector were put up for discussion with the Commerce and Industry Minister by MSMEs through the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), the Associated Chambers of Commerce and Industry of India (ASSOCHAM), SME Chamber of India and PHD Chamber of Commerce and Industry. 

Liquidation Process under IBBI notified

IBBI amends the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 on 6th January 2020.

The amendment clarifies that a person, who is not eligible under the Code to submit a resolution plan for insolvency resolution of the corporate debtor, shall not be a party in any manner to a compromise or arrangement of the corporate debtor under section 230 of the Companies Act, 2013.

Global Gems and Jewellery Market 2020 unveiled!

Gems and Jewellery Industry 2020 Global Market Research report provides information regarding market size, share, trends, growth, cost structure, capacity, and revenue and forecast 2026.

Global “Gems and Jewellery Market” 2020 Research report provides information regarding market size, share, trends, growth, cost structure, capacity, revenue and forecast 2026.

Does size matter? Seminar at VicenzaOro January

Transparently responsible sourcing, verifiable supply chain integrity and social and environmental sustainability are fast becoming requirements for companies operating in the jewellery sector. This is particularly relevant at the downstream end of the pipeline, where major retailers are increasingly likely to demand that their suppliers demonstrate that they have conducted due diligence as a requirement of doing business.

But it is also a factor at the upstream end, where mining companies, particularly in the diamond industry, are demanding that clients comply within minimum standards to be eligible for direct supply.

Silver to remain in a small surplus in 2019

At the Annual Silver Industry Dinner hosted by the Silver Institute, Philip Newman, Director at Metals Focus presented the Metals Focus / Silver Institute Interim Silver Market Review, which featured historical supply and demand statistics and provisional estimates for 2019.

The following are the key highlights from the presentation: 1: Even allowing for the recent, modest pull-back in the silver price, the last few months have seen a major improvement in investor sentiment towards silver.

Commercialization of Lac jewellery

The study undertaken, to identify and know the status of the lac jewellery and craftsmen in all cultural and geographical pockets, to examine and develop the process of commercialization of traditional craft of LAC jewellery, to develop, if possible with immediate effect, standards/benchmark for quality works in arts/ creativity so that the internationally acceptability can be compared.

The Study also focussed to develop a sustainable model for Lac Craft through design and technical interventions for it to re-establish in the current context.

Conference to streamlining GST system held

The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance.

The multi-faceted Conference was focused on brainstorming session for streamlining Goods and Services Tax (GST) system and plugging revenue leakages. This was the 2nd edition of all India Conference where both tax administrations came together formally to build synergy and to share their knowledge and best practices with intent to bring about uniformity in tax administrations.

117 carat diamond, a positive start to 2020

Lucapa Diamond Company and its partners Endiama and Rosas & Petalas announced the recovery of a 117 carat diamond from the Lulo alluvial mine in Angola. The gem-quality 117 carat stone is the 14th +100 carat diamond recovered to date from Lulo by Lucapa and its partners and the first for 2020.

Gem-quality 117 carat Lulo diamond The 117 carat diamond was among the Specials (+10.8 carat diamonds) recovered recently from Mining Block 19. Mining Block 19 is located between the prolific Mining Blocks 6 and 8, which have together produced 12 +100 carat diamonds, including Angola’s biggest recorded gem – the 404 carat 4th February Stone recovered and sold in 2016 for US$16 million.

Can diamond jewelry sales exceed $100 bn by 2030?

Diamond market conditions improved in December as US and Chinese holiday demand helped raise sentiment. Polished prices stabilized, supported by shortages of better-quality goods. The RapNet Index for 1-carat diamonds slid 0.2% in December and 5.3% for the full year. The index for 0.30- and 0.50-carat stones firmed in the fourth quarter following steep declines earlier in the year. High-end categories of 3 carats and larger remain weak.

The market in 2019 was supply-driven, as noted in the Diamond Price Statistics Annual Report that appears in this month’s issue of Rapaport Magazine. An oversupply of diamonds set a negative tone, leaving the trade with numerous diamonds that were difficult to sell. Inventory levels declined in the fourth quarter, but there were a lot of lower-quality goods still available at the end of December.