Cutting and Polishing is now led by technology!

Healthy growth in the diamond jewelry retail market supported a 2% increase in cutting and polishing revenue, putting the segment on positive ground in 2017. While the cutting and polishing segment grew overall, profit gains in 2017 were mostly limited to producers of small stones. Companies that specialize in large, high-quality stones experienced pressure from retailers in 2017.

That trend reversed in the first part of 2018. To sustain profitability, cutting and polishing companies are focusing on four strategies: managing inventory levels, shortening production cycles, optimizing yields and expanding operations. Technology is leading improvements in the cutting and polishing segment, from digitally mapping and modeling stones to automating cutting processes.

Market nay witness over 10 mn cts LGD

Lab-grown diamonds (LGD) have existed for more than 60 years, with limited effect on the natural gem-quality market. But advancements in technology have pushed the lab-grown market into a more competitive position. Most notably, new chemical vapor deposition (CVD) technology deeply cut the cost to produce larger, higher-quality diamonds. Today, it costs $300 to $500 per carat to produce a CVD lab-grown diamond, compared with $4,000 per carat in 2008.

As production costs have dropped, retail prices have followed. The retail price of gem-quality lab-grown diamonds have nearly halved in the past two years, while wholesale prices dropped threefold. Prices are expected to decrease even further as production efficiencies increase, new competitors enter the market and the segment commoditizes.

A one-stop shop for every jewellery need

Expressing about their USP, Shobha Shringar Jewellers said, “It comprises of four storeys, lies in the fact that every piece of jewellery sold is customized according to the unique requirements of their clients. It essentially is a one-stop shop for every jewellery need.”

At the ongoing season, they says, the brand hosts a plethora of products ranging from a nose pin to a bridal trousseau, from toe ring to Maathapattis, from pearls to colour stones, from uncut to certified fine cut diamonds, from Jadau karigari to Temple jeweller.

Accessorizing made stylish and easy

Brooches and Buttons are not new when it comes to accessorizing but they lost their sheen in the last decade. Making a comeback again, these are accessories that accentuates the look of an outfit effortlessly. Razia Kunj- designer known for her unique handmade and hand painted jewellery presents an eclectic range of Brooches and Buttons. Her collection is inspired by everything that represents India without compromising on the aesthetic and wearability aspect.

 Razia Kunj’s collection embodies the Indian art form and has found inspiration in spirituality. An absolute for monochrome dresses and suites, shirts, ethnic wears in both dark shades and white or gold; these can take your style quotient a notch higher. Razia Kunj’s recycled teak wooden and metal brooches & buttons are all you need when in doubt how to accessorize your outfit, as they can double up as pendants or to clasp a scarf. Crafted and designed by the designer, this new collection of brooch and buttons will appeal to all those who are inclined towards art or believe in offbeat yet contemporary styling.

White gem diamond of 46 carat recovered

Firestone Diamond plc is pleased to announce the recovery of a 46 carat white, makeable diamond from its Liqhobong Mine in Lesotho. The stone was recovered undamaged and will go on sale at the next tender which is scheduled to take place at the end of January 2019.

The company is also pleased to report a stabilisation in pricing for the smaller, lower value stones (-3 grainers) at the recent sale which was concluded on 7 December and which confirms the trend reported by other producers.

RBI should consider MSME scheme

The autonomy for the Central Bank, within the framework of the Reserve Bank of India (RBI) Act, is an essential and accepted governance requirement.

The autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Governments in India have nurtured and respected this. Both the Government and the Central Bank, in their functioning, have to be guided by public interest and the requirements of the Indian economy.

Getting credit from bank is not hard now!

Government of India (GoI) announced recapitalisation of Public Sector Banks (PSBs) to the tune of Rs. 2.11 lakh crore in October 2017, through infusion of capital by the Government and raising of capital by banks from the markets.

Rs. 88,139 crore was infused by the Government in PSBs during financial year (FY) 2017-18 after the recapitalisation announcement and provision of Rs. 65,000 crore has been made in the budget for the current financial year for infusion. Since the recapitalisation announcement till November 2018, PSBs have been recapitalised to the tune of Rs. 1, 28,861 crore through infusions and mobilisation of capital from the market.

The benefits that have accrued to customers include, increasing access to banking services from home and mobile through digital banking and enhanced customer ease!

Marange field work underway

According to the John Teeling, Chairman, Botswana Diamonds PLC the AGM remain fruitful. At the Botswana Diamonds plc AGM, which was held in London earlier today, all resolutions were duly passed. Highlights of comments made by James Campbell, Managing Director, following the formal business of the AGM are highlighted below:

1: Negotiations with a new joint venture partner, who is a major producer, are far advanced in The Sunland joint venture covering Botswana.  This follows the planned exit of Alrosa, and completion of the 2018 work programme which identified high potential drill targets in the Kalahari by Botswana Diamonds’ geologists.

Free Check up of diamond authenticity

Walk in to Minawala from 15th – 16th Dec

Did you know that man – made diamonds are sold as real diamonds? Did you know that around 3000 Crore worth of Man-made diamonds are floating around in the Indian market disguised as real diamonds? Buying diamond jewellery has a greater emotional value than a financial value and being your trusted jeweller since 1982, we understand this even more deeply.

Fluo Neon Collection for winter

Gone are the days when off-beat jewellery was the mainstay of fashionistas and red-carpet divas. Women increasingly have their fashion game on-point and this includes the most recent trend around fashion circles – Neon! Prada pioneered the trend and the loud and proud colours in the neon category are surely here to stay.

From punchy pinks, vivid greens, big bright yellows to tangerine orange with a fluorescent pop, these rocking colours will uplift your wardrobe this winter. Take your pick from this latest neon collection from Melorra and get ready to drive those winter blues away!