Diamond Production likely to slide by 4%

According to the ninth annual report on the global diamond industry, between 2010 and 2016, global production was consistently between 120 million and 130 million carats. In 2017, it jumped to roughly 152 million carats and then fell 3% to 147 million carats the following year. The decrease in 2018 is largely attributed to lower production in Australia, the Democratic Republic of the Congo and Russia.

The unexpected closure of Mir in Russia and planned downscaling at Argyle in Australia contributed to the decline. The 26 million–carat production increase in 2017 was the largest single-year volume increase since 1986, and it created a surplus that affected the entire value chain.

Tariff Angola exempts raw minerals export

The revised Customs Tariff, which comes into force on 29 December this year, has eliminated the export rate of raw minerals, previously set at five percent.

The document also provides for the exemption of goods imported under private investment projects and the extension of exemptions for humanitarian goods imported by churches and non-governmental organizations. According to a note from the General Tax Administration (AGT), which Angop had access today the review is in line with the entry into force of the SADC and African Union free trade zones.

Peruvian Customs retain gold exports from December

Dynacor Gold Mines, a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, reports that the Peruvian customs authorities are retaining shipments of December gold exports for control procedures. Authorities have retained exports and requested from at least three gold exporting companies, including Dynacor, to submit supporting documents relating to their gold production.

Management expects the review to be favourable and its exports of gold to immediately resume upon clearance from the authorities. Notwithstanding the current situation, the Corporation has continued to operate normally; however, it doesn't anticipate generating any income from exports of gold in December.

Traditional jewellery, Modern touch

Narayan Jewellers by Ketan and Jatin Chokshi, the 79-year-old renowned jewellery brand from Vadodara, launches bridal collection catering to the peak wedding season demand. Narayan Jeweller’s new Bridal collection includes jewellery for all occasions, including Sundowner, Mehendi, Sangeet, Wedding and Reception.

Narayan Jewellers has captured the essence of Indian tradition along with intricate craftsmanship through their latest bridal collection. The bridal jewellery intensifies the beauty of the attire and takes it to another level.

Ketan said, “Our bridal collection is not limited to gold jewellery only. Over the years, we have seen that the taste of brides has evolved and we have launched our collection keeping in mind the same. It comprises of intricate and exquisitely detailed designs in gold and diamonds and it also showcases the quality of craftsmanship we possess.”

New Year’s Party Accessories

Ayesha Accessories New Year’s Party Collection is available now! They share our alluring designs for the party season. Opportunity is available to celebrate party season & to welcome with the craft of Jacqueline Kapur, Co-founder and President of Ayesha Accessories.

ZCDC inks a JV for exploration!

Alrosa and Zimbabwe Consolidated Diamond Company (ZCDC) signed a number of agreements to finalize a creation of a joint venture for prospect and exploration works for primary diamond deposits in the Republic of Zimbabwe.

A shareholder agreement and a JV establishment agreement were signed by Sergey Ivanov, Alrosa CEO, and Killian Ukama, Eng., a Non-Executive Board Chairman of ZCDC. According to the agreements, Alrosa owns 70% of Alrosa (Zimbabwe) Limited JV, Zimbabwean state-owned diamond mining company gets 30%.

DPA continues in its industry initiatives

The new campaign from the DPA’s Real is Rare, Real is a Diamond platform tells the epic journey of a natural diamond, 3 billion years in the making!

Diamond Producers Association unveiled, The Diamond Journey campaign to educate the consumers about the story of the formidable journey that a diamond goes through across millennia.

This campaign, under the banner of Real is Rare, Real is a Diamond is an exceptional, cinematic telling of the natural diamond story right from genesis to finished jewelry, highlighting the remarkable journey of a diamond across time and space. In addition to themes of love and romance, the heirloom quality of diamonds is expressed throughout the film, powerfully tying diamonds to our most intimate moments and life events.  

Worldwide Holiday Sales Increase at Tiffany

Tiffany & Co presented its preliminary sales results for the interim period from November 1, 2019 through December 24, 2019. Worldwide (unaudited) net sales for the 2019 interim holiday period increased approximately 1 - 3% as compared to the same period in 2018.

Alessandro Bogliolo, Chief Executive Officer, said, “We are pleased to present our interim sales results for this important season, which reflect improved global trends compared to previous quarters this year. During this period, we continued to see the Chinese Mainland drive our overall sales growth with a strong double-digit increase, offset by the persisting declines in the Hong Kong market and, to a lesser degree, Japan - which we believe, continues to be negatively impacted by the recent increase in the consumption tax. We are happy to see sales growth in the Americas, a momentum shift in the region.”

Alrosa sales Firebird vivid yellow diamond

Graff Diamonds, the world-renowned hi-end jewelry brand, has acquired the Firebird 20.7 ct diamond from Alrosa. The parties do not disclose the transaction details, but note that it achieved one of the highest prices per carat for such a stones in recent years.

Yellow Asscher-cut 20.69 ct diamond was graded by GIA as Fancy Vivid Yellow-VS1-Excellent polish and symmetry. Created by nature and brought to perfection by Alrosa cutting and polishing masters, the diamond resembles a simultaneous ensemble of flame, reflections of sunlight on crystal water and a trail of sparkles coming from the tail of a Firebird.

Collection inspired from young love!

This season of Love sweep her off her feet with Izaara Wala Pyaar, a collection inspired from young love.

An ideal way to find a key to her heart, Izaara wala Pyaar is expressive but not expensive. The edition brings pendant sets, earrings, rings and bracelets in minimalistic designs that will remind her of your love every day.

Casted in sterling silver, the pieces will never lose their shine just like your feelings for her. The collection is studded with CZ Diamonds that add a sparkle to the baubles which makes Izaara wala Pyaar not just precious but also premium. It also brings three metal tones to choose from including white, rose and yellow.   Each piece from the collection takes inspiration from love motifs and is an ideal gift for the girl of your life.