Lucara Diamond Collaboration with Sarine

Sarine Technologies Ltd announces expanded its collaboration with Clara Diamond Solutions Corporation, a subsidiary of Lucara Diamond to extend provenance traceability to Clara's diamonds through the Sarine Diamond Journey.

Clara is a digital, web based rough diamond sales platform that uses our Galaxy / Advisor derived possible planning solutions together with proprietary matching analytics to sell individual rough diamonds directly, stone by stone, to diamond manufacturers and integrated jewellery houses, eliminating the need to buy in large batches and allowing these businesses to focus their working capital on the specific stones they need, at prices they can afford.

First FX Rolling Futures Contracts in July

DGCX to Launch First FX Rolling Futures Contracts in July!

The Dubai Gold and Commodities Exchange (DGCX) today confirmed the launch date of its three FX Rolling Futures contracts – Euro (EUR), Pound Sterling (GBP) and Australian Dollar (AUD) against the US Dollar (USD). The contracts will go live on Monday 6 July, 2020, and will expand its suite of currency products that include G6 and Indian Rupee contracts, with the latter being the world’s largest pool of offshore exchange-traded Indian Rupee liquidity.

All GIA laboratories ready to open up!

Schools prepare to welcome back students

The GIA (Gemological Institute of America) gem identification and grading laboratory in New York City will reopen on Monday, June 29. The 11 global GIA laboratories are open, gradually adding hours and extra shifts to meet the increasing demand for services.

ASM unearths Tanzanite of 9.2kg and 5.8kg

Artisanal Small Miner (ASM) in the African nation of Tanzania has become an overnight millionaire after digging up two massive chunks of one of the world's rarest gemstones. Saniniu Laizer earned 7.7 billion Tanzanian shillings (A$4.35 million) by selling the two Tanzanite stones, which weighed 9.2kg and 5.8kg.

Until Mr Laizer found these stones, the largest Tanzanite gem ever found was 3.3kg.

Trinity Double Eternity Ring

Diamond Eternity Perfect for a gift!

Diamond Eternity Ring by Lark & Berry

Lark & Berry said, “Our new Trinity Stackable Rings in Silver and Cultured Diamonds can be worn in loads of ways! Wear one on each finger, wear both on the same finger facing up, facing down, facing opposite ways or stacked together to make a bolder ring!”

Surround your digits with diamonds, with our stunning Trinity Stackable Diamond Eternity Ring. With delicate milgrain detailing around each exquisite Cultured Diamond, you will want to wear this for eternity! Rings can be worn individually or as one.

Christie’s announces Magnificent Jewels

 Auction at Geneva on 22 July

In the series of Christie’s Jewels announcement for Global Sales Calendar, June & July 2020, Christie’s announced both Online & live auctions. Earlier Christie’s Jewels announced the global sales calendar & that includes auctions in all major sale sites spanning Geneva, Hong Kong, London, New York, and Paris. Here is the detail of live auction of Magnificent Jewels scheduled on 22 July at Geneva.

The Geneva Magnificent Jewels auction will offer nearly 200 lots featuring a significant selection of colored and colorless diamonds, and gemstones, along with signed jewels spanning the 19th century through to present day.

Distressed Assets Fund– Sub-ordinate Debt for MSMEs

Ministry of Micro, Small and Medium Enterprises (MSMEs) launches another funding scheme to help the distressed MSME sector! Minister of MSME, Nitin Gadkari today launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”.

As per the Scheme, the guarantee cover worth Rs. 20,000 crores will be provided to the promoters who can take debt from the banks to further invest in their stressed MSMEs as equity.

It was being felt that the biggest challenge for stressed MSMEs was in getting capital either in the form of debt or equity. Therefore, as part of Atmanirbhar Bharat package, on 13th May, 2020, Finance Minister had announced this scheme of sub-ordinate Debt to the promoters of operational but stressed MSMEs. 

Diamond trade is back yet a slow!

World diamond industry is slowly getting back on its feet

Letter from WFDB Acting President Yoram Dvash!

The summer is here and there is reason for optimism and for concern, first the good news!

The world diamond industry is slowly getting back on its feet. Diamond bourses are returning to activity around the world, with limitations and restrictions brought on by the Coronavirus crisis. Antwerp, the leading rough trading center, opened its bourses in May, as did Ramat Gan. Most recently Dubai and New York reopened and Mumbai returned with limited capacity

Pangolin Diamonds to go ahead at AK10 kimberlite

Updating the recent scenario, Pangolin Diamonds said about activities at its various projects in the Republic of Botswana, Africa. These includes, 1: All field teams fully operational, 2: Approval granted to proceed with AK10 kimberlite 500 tonne bulk sample, 3: New kimberlite drill targets to be delineated at Malatswae and Motloutse Projects & 4: KW04-C dyke to be tested for macro diamonds at Kweneng Project.

The Covid-19 lockdown in Botswana has gradually been relaxed in Botswana over the past six weeks and the resource sector is deemed as an essential service. It is now possible to travel without a movement permit within a single Covid-19 zone. Movement permits are still required to move between zones. Pangolin is pleased to announce that as a result of the relaxation of the lockdown all technical teams are now fully operational.

Tumbling silverware demand in globe by 9%

Global silverware demand fell by a notable 9% last year to 59.8Moz (1,860t), but that was still the second highest total this decade. The drop was almost entirely down to India’s 11% decline. Increases were rare, with the only notable example being Turkey’s export-led 36% jump. Widespread losses remain the order of the day for this year, with the total currently forecast to fall another 9% and again largely down to the decline India faces.

After rising for two consecutive years Indian silverware fabrication dropped by 11% to 41.2Moz (1,282t) in 2019, its largest annual decline over the past decade. This reflected two key factors, the economic slowdown and the growing liquidity crunch. Taking each in turn, the Indian economy grew by just 4.7% in Q4, 2019, its slowest pace in nearly six years, while unemployment rose to a 45-year high of 6.1%.