Vicenzaoro to run through17th TO 22nd January

For Italian Exhibition Group (IEG), 2020 will open in Vicenza on 17th January under the banner of strategies and actions to promote the gold-jewellery industry. In agenda, two exhibition giants: VOJ - Vicenzaoro January. The Jewellery Boutique Show and T-Gold, the international show for machinery and the most innovative technologies applied to jewellery and precious metal processing, both showcasing until the 22nd. But that’s not all.

“The business and innovation combination,” said IEG President, Lorenzo Cagnoni, “is indispensable and every edition of our events are always further enriched. In this case it will be with the brand new Vo Vintage event, an original exhibition dedicated to vintage watches and jewellery with unique items and some of the world’s most coveted rarities on display.

GTL certification program for eBay sellers

The Gem & Jewellery Export Promotion Council (GJEPC) commences the New Year with a significant initiative to add another layer of trust and credibility to Make in India products, sold across the world! In a strategic initiative, GJEPC-Gem Testing Laboratory (GTL), Jaipur, and global e-commerce company eBay signed one-of-its-kind agreement for a certification program for eBay sellers.

Under the agreement, GJEPC-GTL now offers certification services to eBay sellers at a nominal fee, specially arranged under this agreement, without compromising on existing standards and protocols of testing. This will facilitate eBay sellers to obtain authentic reports from GTL Jaipur before their gemstones are delivered to their buyers.

Jewelry sales lag behind consumer products!

Four trends have the highest potential to impact the industry in the near term, 1: rapid growth of online sales channels, 2: increased marketing spending to support the natural diamond industry, 3: Developments in lab-grown diamonds and 4: an increased focuses on the environment and sustainability.

At just 5% to 10%, the share of online diamond jewelry sales lags behind other consumer products. However,

e-commerce is accelerating, and major diamond jewelry retailers in the US and China increased their online sales to 13% and 11%, respectively. Greater pricing transparency and retail stock optimization caused by           e-commerce will significantly affect demand and pricing for polished diamonds.

Diamond jewelry retail to decline in 2019

According to the latest Report, The Global Diamond Industry 2019 focuses on Diamond jewelry retail. Further the report says, the global personal luxury goods market, the bellwether of the diamond jewelry industry, experienced slower growth in 2018 and 2019.

The slump was caused by moderating global GDP growth, lower consumer confidence. Global diamond jewelry retail posted 2% sales growth in 2018, but sales are expected to decline by up to 2% in 2019, based on the results of the first three quarters.

Inventory backlog to clear by 2020!

The Global Diamond Industry 2019, the work was commissioned by AWDC and prepared by Bain & Company and AWDC. It is based on secondary market research, analysis of financial information available or provided to Bain & Company and AWDC, and a range of interviews with customers, competitors and industry experts! Key points of the Report are summarized as follow.

1: Short-term challenges caused mining and midstream revenues to shrink by 25% and 10%, respectively, in

2019. Near record-high rough diamond production in the beginning of 2019 was followed by lower-than expected demand for polished diamonds, causing a ripple effect through the supply chain.

A sustainable model for Craft through design

Study on languishing jewelry art and its relevance in modern context, GJSCI unveils Gajra work, the art of Bhuj (Gujarat). This style of jewellery is worn by communities like Rabari, Ahir, Bharvad and Jat-Satvaras, the nomadic tribes of Gujarat.

The objectives of study remained to create a niche market for silver jewellery from Bhuj, to bring the hidden craft of Bhuj to limelight, to develop a sustainable model for Craft through design and technical interventions for it to re-establish in the current context.

HW unveils Métiers d’Art at year end

The latest chapter in Harry Winston’s unique Métiers d’Art saga takes place in Italy, in the historic city of Ravenna, known worldwide for its mosaics.

Precious gemstones are synonymous with Harry Winston, and so are precious art forms, like the spectacular mosaic glass setting on the dials of the six new Métiers d’Art timepieces from the House. An inimitable luxury is made by hand in Ravenna, Italy; the vibrant dials are highlighted with quintessential Harry Winston diamonds in an artistic marriage that is destined to shine for a lifetime.

Review of FTP in a marathon meeting!

Union Minister for Commerce and Industry & Railways, Piyush Goyal met with all Export Promotion Councils (EPCs), Federation of Indian Export Organisation (FIEO) and Commodity Boards under the Department of Commerce, Ministry of Commerce and Industry.

In a marathon five-hour meeting held in New Delhi, Piyush Goyal reviewed and sought inputs from EPCs for the Foreign Trade Policy and get their views on steps that may be taken to boost India’s exports. Pre-budget inputs from EPCs were also taken so that they may be sent to the Finance Ministry.

Kubi resource estimated 112K Oz

Asante Gold Corporation announces that anomalous high induced polarization (IP) survey results have been noted vertically above a previous drill intersection that graded 3.0m of 4.5g/t gold. This new IP anomaly is located just 150m to the east of the Kubi Main gold resource and has a significant strike and inferred dip potential.

The intersection, in drill hole KV97-143 from the 1997 Nevsun Resources Ltd. Kubi Main resource drilling program, was not followed up at the time because it was off trend and in the footwall of the targeted Kubi Main gold zone. The gold mineralization is associated with shearing, abundant garnet and 6.0% to 8.0% pyrite/pyrrhotite at a vertical depth of 360m, centered below the IP anomaly and hosted in steeply dipping Tarkwaiian meta-conglomerates.

TomaGold Monster Lake operation

TomaGold Corporation announces an update on its spin-out transaction involving the Corporation's wholly-owned subsidiary, Monster Exploration Inc as part of the spin-out operation; Monster amended the agreements with Quinto Resources Inc, Brunswick Resources and Antoine Fournier by extending the expiry date of these agreements to March 31, 2020.

In addition, Monster extended and amended the share purchase option agreement with respect to the acquisition of all of the issued and outstanding securities of 9220-5392 Québec Inc, extending the agreement to March 31, 2020, in exchange for a non-refundable cash deposit of $75,000 payable upon receipt of TSX Venture Exchange approval. Finally, the letter of intent with Kintavar Exploration Inc. was terminated.