NEWS
Reliance
Jewels, one of India’s most trusted jewellery brands, has launched its three
new showrooms in Hyderabad, Bhagalpur & Chandigarh. On the occasion of our
12th anniversary and with the grand new showroom launch in all three cities,
patrons can now enjoy the launch of our new Aabhar Collection, inspired by the
creator’s most beautiful expression of grace- Peacock. The Aabhar collection
consists of Gold & Diamond earrings in beautiful ornate designs created to
dazzle extraordinary as well as everyday moments.
Over
the last four Financial Years, the Government of India has taken comprehensive
steps to strengthen the Public Sector Banks (PSBs), under Government’s 4R’s
strategy of recognising NPAs transparently, resolving and recovering value from
Stressed Accounts through clean and effective laws and processes,
recapitalising banks, and reforming banks through the PSB Reforms Agenda.
Under
recapitalisation, over the last three Financial Years, PSBs have been
recapitalised to the extent of Rs. 2.87 lakh crore, with infusion of Rs. 2.20
lakh crore by the Government and mobilisation of over Rs. 0.66 lakh crore by
PSBs themselves. Details of capital infused in PSBs by the Government are at
Annex. Besides recapitalisation, other steps taken by the Government to improve
the condition of banks include, inter alia, the following:
Australia’s
rough diamond output will decline to just 137,000 carats, from the current
level of 14.2 million carats, following the expected closure of Western
Australia’s Argyle mine in 2021, according to GlobalData, a leading data and
analytics company.
Australia’s
supply of rough diamonds had begun to rely entirely on the output from Argyle
after the suspension of Ellendale mine in 2015, following the collapse of Kimberley
Diamond Company in the same year. Vinneth Bajaj, Senior Mining Analyst at
GlobalData comments, “The Western Australian government, which has conducted
rehabilitation work at the Ellendale mine, is now seeking for a new operator to
re-start mining activities.
Avraham
Eshed, a veteran Israeli diamond manufacturer, named an Israel Diamond Industry
Dignitary for the year 2019. The biennial Israel Diamond Industry Dignitary
Awards aim to recognize and honor those men and women who have advanced and
promoted Israel’s diamond industry, at home and abroad.
Eshed,
who is both a manufacturer of large diamonds and high-value colored gemstones,
follows in the footsteps of his late father Eliyahu Eshed, who was named an Israel
Diamond Industry Dignitary in 2006. Avraham Eshed honored together with several
other distinguished colleagues, during a ceremony on July 28, at the Diamond
Theater, in the Israel Diamond Exchange complex.
The
Dubai Diamond Exchange (DDE), a subsidiary of DMCC, the world’s flagship Free
Zone and Government of Dubai Authority on commodities trade and enterprise,
announced today the successful completion of three rough and polished diamond
tenders hosted between 16 and 23 July 2019.
Over
200 companies convened in Almas Tower to analyse and value the stones with the
latest industry tools, technology and software. The three separate tenders were
hosted by Rapaport, Stargems and Trans Atlantic Gem Sales (TAGS). On offer were
both rough and polished diamonds. The high value of stones sold at the tenders
reflects the strength of Dubai’s diamond trade.
The
Dubai Diamond Exchange (DDE), a subsidiary of DMCC, the world’s flagship Free
Zone and Government of Dubai Authority on commodities trade and enterprise,
announced today the successful completion of three rough and polished diamond
tenders hosted between 16 and 23 July 2019.
Over
200 companies convened in Almas Tower to analyse and value the stones with the
latest industry tools, technology and software. The three separate tenders were
hosted by Rapaport, Stargems and Trans Atlantic Gem Sales (TAGS). On offer were
both rough and polished diamonds. The high value of stones sold at the tenders
reflects the strength of Dubai’s diamond trade.
Nexus
Gold Corp announces that it has entered into a letter of intent (LoI) with
Aurem Resources SARL, an arms'-length party, pursuant to which it will look to
acquire the rights to any or all of three exploration permits, totaling up to
4,102 square kilometers (over 1,500-sq miles), located in Gabon, West Africa.
If completed, the Permits would form part of the Company's existing portfolio
of exploration stage gold projects in West Africa.
The
project portfolio consists of three different concessions, each encompassing
between 1,200 and 1,500-sq kms, in Gabon, which is located on the west coast of
Africa and is serviced by excellent infrastructure including a deep-water port
at the capital city of Libreville. The projects are ideally located within 300
km of Libreville. The permits pursuant to this LoI are currently under
application and the Company anticipates they will be issued shortly. Gabon has
a proven investor friendly environment with a large oil and gas industry being
present over several decades and is considered underexplored for precious metal
deposits compared to other countries in the region.
A
modern balance of sporty elegance and the flawless execution of watchmaking’s
most revered complications.
Complicated
watchmaking at Harry Winston finds its most contemporary expression in the
Ocean Collection, where sophisticated mechanisms and the brand's signature
excentered dial designs are the hallmarks of Haute Horlogerie for the modern
era. The Ocean Collection includes timepieces of technical sophistication in
luxurious gold cases, and in striking combinations of gold and Zalium.
The
Government of India issued directions to deal with wilful bank loan defaulters
or fugitive economic offenders. For this a Look Out Circular(LOC) can be opened
by the Bureau of Immigration in respect of Indian citizens and foreigners on
the request of an authorized originator, which includes an officer not below
the rank of Deputy Secretary to the Government of India; or an officer not
below the rank of Joint Secretary in the State Government; or District
Magistrates; or Superintendents of Police; or designated officers of various
law enforcing and security agencies; or designated officer of Interpol; or
Chairman/Managing Director/Chief Executive of all Public Sector Banks; or as
per directions of any Criminal Court in India.
Firestone
Diamonds provides its quarterly update on operations at its Liqhobong Diamond
Mine for the quarter ended 30 June 2019 (Q4 of the Company's 2019 FY), it's
performance compared to market guidance for FY 2019, and guidance for FY 2020.
According
to their highlights for 4Q ended 30 June 2019 says, Diamond recoveries of 208
572 carats, 34% higher than Q3 of 155 206 carats. Notable recoveries of a 72
carat yellow makeable diamond, a 22 carat makeable white diamond and an 11
carat fancy light-pink diamond.
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