KP with its real transformative potential!

There is a tendency during Kimberley Process (KP) gatherings, like the Intersessional Meeting held last month in Mumbai, to get caught up in the minutiae of the proceedings, losing sight during the heat of the discussions of the larger picture, and what is riding on our success.

Our stated goal is to support and strengthen the Kimberley Process Certification Scheme (KPCS), and in so doing prevent the flow of conflict diamonds into the legitimate market. That is a noble objective in and of it, but it is the consequence of such actions that provides the KP with its real transformative potential. By helping neutralize the devastating effects of violence, we are enabling grass-roots development, allowing the diamond to meet its promise as a capacity builder, for all individuals and communities involved in its production.

AuStar produced gold of Dore 1,057 ounces

AuStar Gold Limited provides the update on its activities for the quarter ended 30 June 2019 & that says, total Gold produced from Dore of 1,057 ounces for the Quarter, marking a significant milestone in the history of AuStar Gold. Gross gold sales revenue of A$2.14 million was received for the quarter at an average price of A$1,860 per ounce, with further revenue accrued from production for the quarter being receivable after the reporting period.

A second, high speed centrifugal concentrator installed at Morning Star in June to allow reprocessing of stockpiled middlings and to allow additional recovery of gold in tails. Further exploration drilling results for McNally Reef indicated the projected interpretation of a south-easterly striking shoot of higher-grade gold mineralisation directly down dip from current mining operations remains valid.

PhonePe Hits USD $95 Billion Annual TPV Run rate

PhonePe announced that it has achieved an annual TPV (Total payment volume) run-rate of $95 billion while clocking 335 Million transactions in July. PhonePe’s TPV run-rate has grown nearly 5X in the past year, since crossing the $20Bn mark in June 2018. This phenomenal growth has come on the back of the exponential expansion of PhonePe’s merchant network, both online and offline.

Platinum celebrates Friendship Day with Love Bands

Its Friendship day! And who is that one person that comes to your mind when you think of your best friend? If the answer is your better half, you know the relationship you share is truly rare.

Platinum Days of Love, #FriendsFirst campaign wants you to remember that your partner might be your lover but before everything else, you are #FriendsFirst. This friendship day celebrate the relationship that has no inhibitions, that has no conditions, accepts you in all your flaws and imperfections, but gently allows you to grow. If Friendship is your foundation of love, so special, that it deserves to be celebrated with an equally rare and precious metal – Platinum.

Independence Day Special

With patriotic feel all around in the air, it’s that time of the year where every citizen feels proud of breathing in free India. While exhibiting your love for the nation, ensure to keep your style quotient on point too with uber-chic styles. To help the women of today get that extravaganza patriotic look this Independence Day, luxury jewellery brand - RK Jewellers South Extension 2 presents its Tricolor infused baubles.

Angola grants diamond mining licenses

According to Angop, the official for Angola said, ‘Mirempt grants 35 licenses for Diamond exploitation!’ The Ministry of Mineral Resources and Petroleum (Mirempt) granted on, 35 diamond exploitation licenses to small industrial cooperatives in northern Uíge province.

Alrosa remains a constituent of the FTSE4

Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.

FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption and Climate Change.  Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.  For the first time, Alrosa was included in the FTSE4Good Index in 2016.

IDMA cites, India rough diamond

Recently IDMA Cited ‘the article reports in detail about India’s tax authorities making stringent demands from those diamond traders importing rough that they declare its origin, detail the value of individual pieces of rough and assure that the invoices can be matched exactly with the - value of - the goods described.

Interesting enough, most of the industry members interviewed were negative about these demands, arguing these demands impair their businesses and that this cannot be done. “Valuing rough diamonds is a very subjective matter… It may differ from one valuer to another. Also mine-specific classifications of roughs vary,” says a diamond trader with offices in Mumbai’s Bharat Diamond Bourse.”

GRM programme announced!

Executive Programme in Gold Reserves Management (GRM) announced & is scheduled during 16 October, 2019 & up to 18 October, 2019 at Tsinghua University PBC School of Finance, Haidian District-Beijing. This is a joint initiative between the Tsinghua University PBC School of Finance and the World Gold Council.

The Executive Programme in Gold Reserves Management is the World Gold Council’s flagship summit for senior officials from central banks, sovereign wealth funds, and finance ministries. This year’s programme will be led by distinguished scholars from the PBC School of Finance at Tsinghua University, experts from the World Gold Council and other industry experts.

IJL Inspire Seminar announced!

The global jewellery industry gathers in London, the creative capital of the world, at the UK’s Leading Jewellery Trade Event Olympia London, 1 - 3 September 2019. From catwalk theatre to retail theatre, and everything there is to know about fine jewellery, International Jewellery London (IJL), the global meeting place for the jewellery industry, has today announced the full IJL Inspire seminar programme.

Leaders from the international jewellery trade will take to the stage to discuss key trends that are shaping the international jewellery and watch industry, while offering invaluable networking opportunities to jewellery retailers and suppliers from around the world. The IJL Inspire highlights include: SS20 Trends with The Futurist Paola de Luca; The Future of Fine Jewellery; David Brough in conversation with DeBeers and Sotheby’s; Precious Coral Sustainability; Fairtrade Gold – and much more.