NEWS
Union
Minister of Commerce &Industry and Civil Aviation, Suresh Prabhu, said that
the Ministry is examining the proposal to set up trade promotion bodies in 15
countries to promote exports of SMEs from India. Suresh Prabhu was speaking at
the inaugural session of the 15th Global SME Business Summit in New Delhi.
The
Minister informed the participants of the Summit about the commitment of the
Ministry of Commerce and Industry towards the growth of the SMEs that are the
pivot of the overall economic growth of the country. The Minister spoke about
the changing of trade regimes globally and establishment of new trade routes
based on availability of labour and skill.
Tracr,
the end-to-end diamond industry blockchain traceability platform being
developed by De Beers Group in collaboration with key industry stakeholders,
announced that Chow Tai Fook Jewellery Group (CTF) has joined the platform’s
pilot programme.
Chow
Tai Fook joins a range of other leading businesses from across the diamond
value chain in piloting the next generation asset-tracking platform powered by
blockchain and artificial intelligence. Chow Tai Fook will work with Tracr to
support the objective of continuing to enhance consumer assurance over a
diamond’s traceability, provenance and authenticity.
Gem
Diamonds Limited announces the recovery of high quality 101 carat and 71 carat
white Type IIa diamonds, both recovered within a twenty four hour period, from
the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond
mine in the world. The recovery of the 101 carat diamond brings the total
recoveries at Letšeng to a record fourteen diamonds of over 100 carats during
2018.
Letšeng is renowned for its regular production
of large, top colour, exceptional white diamonds, making it the highest average
dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds
acquired Letšeng in 2006, it has produced over 60 +100 carat, large, top
colour, exceptional white diamonds, making it the highest average dollar per
carat kimberlite diamond mine in the world.
The
country’s biggest and most eagerly awaited gems and jewellery awards are back.
National Jewellery Awards (NJA) 2018, an initiative by All India Gem and
Jewellery Domestic Council (GJC), has started their nomination process for the
awards for the year 2018. The awards are to honour the rich Indian artistic,
creative designs in the gems and jewellery industry and the business &
marketing acumen of the jewellery manufacturers, wholesalers and retailers of
India.
This
year, NJA awards is having 36 awards across 5 different categories, like
Jewellery Awards (16 categories), Excellence Awards (3 categories), Store
Awards (5 categories), Designer & Artisan Awards (3 categories) and Student
of the Year Award. A new category for CSR Initiative and Women entrepreneurship
has also been added in this year’s NJA awards.
Trusted
jewellery house Aisshpra Gems & Jewels, known for impeccable designs and
craftsmanship brings an edition of Pastel baubles this bridal season. The
dramatic pieces are carved in 22k yellow gold using traditional Meenakari in a
frosty color palate, therefore capturing the old world charm in a modern
setting. The edition is studded with large chunks of uncut diamonds that add a
dash of luster to the jewel and is a dream comes true of a modern royal bride.
This
pastel ensemble comprises of an array of elegant pair of earrings, chokers, and
bracelets. Furthermore, they have also been studded with precious gemstones
such as blue sapphire, emeralds, rubies, and pearls thereby making it colourful
and attractive.
Distributor
of Casting & Handmade
jewellery
set with Swarovski Zirconia
RKR
Gold branding partner of Swarovski Gemstones, believes business are built on
relationships. RKR Gold recently associated with one of the long standing
industrial phenomenon of the Chennai jewellery fraternity, Kalash Jewels. RKR
Gold appointed Kalash Jewels as their Authorized distributor of Casting &
Handmade jewellery set with Swarovski Zirconia.
The
founder Mr Sukdev Patankar and his sons Mr Pradeep Patankar & Mr Suhas
Patankar have been in the Gold refinery business for the past 3 decades and
accumulated the title of being one of the best Refinery units in all of Tamil
Nadu. With a large base of clients from the refinery business, the Patankar
family have embarked their new journey into Jewellery Wholesale and wanted to
relate to a well know brand of the market to keep up with their established
name.
De
Beers Group announced the value of rough diamond sales (Global Sightholder
Sales and Auction Sales) for the tenth sales cycle of 2018.
Bruce
Cleaver, CEO, De Beers Group, said: “De Beers Group’s rough diamond sales during
the final cycle of the year continued to be in line with expectation ahead of
the all-important retail selling season as cutting and polishing factories in
India restarted their operations following the Diwali holiday.”
India
Ratings and Research (Ind-Ra) estimates India’s total wireless data usage to
reach 13 exabytes/month by 2025 (5x of 1Q18 data usage). The existing
technology is inadequate to meet such high data demand; therefore, a judicious
mix of fiberisation and 5G roll-out will be required.
India
can formulate its own customised 5G or 4G+ technology than adopting global
standards for 5G in toto to focus on improving user experience or cater to
evolving enterprise requirement, while avoiding critical applications requiring
ultra-low latency.
Kootenay
Silver reported that Aztec Minerals announced high gold recoveries were
achieved by cyanide leach analysis of five drill holes from the California
porphyry gold-copper prospect on the Cervantes property in Sonora, Mexico.
Gold
recoveries by cyanide leach analysis include 87% gold and 45% silver recovery
over 98 meters in hole 18CER007, 84% gold and 54% silver over 106 meters in
18CER006, and 84% gold and 49% silver over 93.5 meters in hole 17CER003. Silver
recoveries around 50% are considered normal for most oxide gold deposits, as
silver has slower leach kinetics compared to gold.
The
Dubai Gold and Commodities Exchange (DGCX) and FXCM Group, LLC (FXCM Group or
FXCM), a leading international provider of online foreign exchange trading, CFD
trading, bitcoin and related services, announced the signing of a Memorandum of
Understanding (MoU), agreeing to collaborate on launching new and innovative FX
products on the DGCX.
Les
Male, Chief Executive Officer of DGCX, stated: “It is our aim to ensure that we
continue to offer our members and market participants truly innovative
contracts, backed by our state of the art technology and Clearing House. These
contracts must appeal to not only our international participants but also to
local banks and trading houses too. This MOU with FXCM is the first step in
developing ever more pioneering contracts contributing to the DGCX’s global
offerings allowing us to cross-pollinate each other’s diverse client base.”
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