A sizable jump in GDP Q2 2018 YoY

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation released the estimates of Gross Domestic Product (GDP) for the second quarter (July-September) Q2 of 2018-19. As per the CSO, growth rate estimates of GDP at Constant Prices for July-September 2018 stand at 7.1%.

These estimates represent a sizable jump from last year’s Q2 growth rate estimates of 6.3%, indicating sustained acceleration in India’s economic growth. The CSO estimates state that GDP at constant prices was Rs. 33.98 lakh crores for Q2, 2018-19, which is a marked increase from of Rs31.72 lakh crores and Rs29.79 lakh crores for the same period in 2017-18 and 2016-17, respectively.

The Indian Economy is on track!

India to maintain a high growth rate

in the current global environment!

The Second Quarter Data for the GDP growth for the Financial 2018-19 has been released & in the context the Ministry of Finance makes the Statement that, the Second Quarter has seen a reasonable overall GDP growth of 7.1%.  The H-1 2018-19 growth of the GDP is 7.6% and the H-1 GVA growth is 7.4%.  The growth in the Second Quarter is on higher base compared to the growth of the First Quarter.

Stornoway recovered 3K diamonds with 3 special

Since earlier this year, Stornoway has been conducting a program of drilling and sampling at the Renard with the goal of converting certain Mineral Resources to Mineral Reserves, and of accelerating the mining of both the Renard 3 and Renard 4 ore bodies in the Renard mine plan. Results to date are, 1: Renard 3 successfully delineated to a depth of 315 meters, supporting its inclusion in the Renard production schedule above the 290 meter mining level in 2019, several years earlier than currently planned.

2: Renard 4 successfully sampled from surface, with approximately 3,000 carats recovered to date, including three special stones, supporting its potential development as a new open pit source of ore to supplement underground mine feed to the Renard process plant. 

All-time high gold production at Dynacor

Dynacor Gold Mines produced 7352 ounces of gold in September, an 11% monthly average increase from the previous 9M. The total amount of ore purchased in October also increased by 11% compared to the average of the previous 9M. The Corporation expects to report its best quarter for 2018 at approximately 22,500 ounces for an annual total of 82,000 ounces of gold, a 2.6% year over year increase and all-time high over Dynacor’s last decade of production.

Asanko tracks higher end of gold production

Asanko Gold announces record for Q3 says, gold production of 61,599 ounces, tracking higher end of H2 2018 guidance of 110K to 120K ounces. Quarterly gold sales of 65,267 ounces, generating US$78.2 million in gold revenue at an average realized price of US$1,198 per ounce!

Commenting on the quarter’s performance Peter Breese, President and CEO, said “The Asanko Gold Mine delivered a third consecutive quarter of solid production results for the year, tracking the top end of 2018 guidance with production of 61,599 ounces for the quarter and 163,329 ounces year to date.

Rivana launches Noya collection

Mumbai based couture jewellery house Rivana Gold & Diamond launches Noya- a diamond collection for the upcoming season. The edition was unveiled at the Rivana Outlet by Radhika Apte and Vaishali Shah, Director, Rivana. The unveiling was witnessed by influencers, fashion fraternity, jewellery connoisseurs and the loyalists of the brand who showered Noya with adoration for its impeccable craftsmanship and thought provoking designs.

Noya in Hebrew means the beauty of god and is also derived from the Hindi word Naya meaning New, Renewal, Fresh. Noya by Rivana therefore is a fresh diamond edition that personifies divine beauty This collection also brings with it beautiful long earrings and broad bracelets, the pieces are crafted by setting white gold and rose gold with fine cut diamonds of various cuts and sizes.

EU handed over KPCS chair to India

The Kimberley Process Certification Scheme (KPCS) Plenary 2018, was held in Brussels, Belgium, from 12th-16thNovember 2018.EU handed over the Chairmanship of KPCS to India from 1st January, 2019.

On the concluding day of the Plenary, Ms. Federica Mogherini, High representative for Foreign Affairs and Security policy, Vice- President of the European Commission, in the closing ceremony, handed over KPCS Chairmanship to India, from 2019, by passing on the gavel to Commerce Secretary, Dr. Anup Wadhawan.

Kirkland Lake gold production to go up!

Kirkland Lake Gold announced that the Company’s Fosterville Mine is on track for record quarterly production in the Q4 2018, with full-year 2018 production now expected to exceed 330,000 ounces versus current guidance of 300,000 – 310,000 ounces.

Fosterville’s strong Q4 2018 performance largely reflects higher than expected grades and the advancement of two additional stopes from the high-grade Swan Zone into the mine’s Q4 2018 production plan. Based on the improved outlook for Fosterville, the Company now anticipates that full-year 2018 consolidated production will exceed the current target range of 655,000 – 670,000 ounces.

Paracatu Project drills for 480K Oz of gold

Jupiter Gold Corporation reported that in its 100%-owned Paracatu Gold Project in Brazil the geochemical results from an initial extensive drilling campaign were indicative of gold mineralization. Given this result, Jupiter Gold is currently permitting this project for a commercial mining license.

An initial extensive drilling campaign of the Paracatu Gold Project was conducted & 18 of 23 drilled holes using a rotary drill were positive for gold by both visual inspection and confirmed by geochemical analysis at an SGS-Geosol laboratory. By permitting for an initial commercial mining license is currently underway.

Bandhan announces Isabelle, the Brand Ambassador

Bandhan Jewels announces Isabelle Kaif, as the Brand Ambassador of Bandhan Jewels. Bandhan Jewels is the latest entrant in the Jewellery Market and is the store brand under the umbrella of Style Quotient Jewellery Private Limited.

Led by a team of enterprising entrepreneurs and jewellery industry stalwarts, Bandhan Jewels is a multi-brand retail platform. It’s a retail partnership programme which is based on a concept like Oyo rooms, Ola/Uber etc. where it’s a service platform provided by bunch of professionals who understand the industry very well.