NEWS
Reliance Jewels inaugurates Thane store
Reliance
Jewels, one of India’s most trusted jewellery brands, has launched its new
Flagship showroom in Thane on Gokhale Road. This premium showroom, spread
across 2200 square feet was inaugurated by renowned actress Yami Gautam.
The
new showroom will treat its patrons to a magnificent new look and designs that
spell grandeur and will also showcase exclusive traditional and contemporary
collection in gold, diamond and solitaire jewellery. Customers can avail up to
100% off on making charges of Gold & Diamond Jewellery till 1stJanuary
2019.
S Zaveri & Sons launches new collection
S.
Zaveri & Sons, a brand synonymous with grandeur and exquisite designs which
has over the decades entrusted us with its love for Jewellery and design has
unveiled its exclusive bridal collection “The Aadhya Collection” Weddings are a
special occasion for every woman; it’s a day that every girl has dreamed of as
a child.
To
make this momentous occasion even more special S. Zaveri & Sons launched a
jewellery collection that includes some of its best and finest pieces
especially hand crafted for the special wedding day. The collection sees a mix
of Bridal & Trousseau Gold Antique Necklaces, Bangles, Polki (Uncut
Diamond) Rings, Earrings, Bangles, etc.
Different demand segments in US Platinum jewellery
“Platinum jewellery is improving in different
demand segments” says recently published PGI Insight. The report shines a light
on how to develop new demand for platinum jewellery in the United States and
how platinum is improving its accessibility in different demand segments in
jewellery.
Focusing
on Sparkling Success PGI Insight says, a Premium Metal Becomes Accessible in
the US reviews of 1: Historical trends of platinum
jewellery demand in the US, 2: Key drivers of platinum jewellery demand growth
in recent years, 3: Development dynamics for platinum jewellery at retail &
4: Future growth areas for platinum jewellery demand in the US.
Dunnedin focuses on 4 mn cts diamonds
Dunnedin
Ventures said on the diamond exploration progress at its 100% owned Kahuna
Diamond Project in Nunavut, Canada and outlines its strategic plans. Dunnedin
expects results shortly for diamond recoveries from approximately 150 kilograms
of kimberlite from pipe KH10-11 which was newly discovered this summer.
In
the near future Dunnedin will also receive initial diamond indicator results
from the till sampling program completed in the Josephine Target Area this autumn.
These results will assist with the prioritization and selection of drill
targets in the JTA, which will be the main focus of the Company’s next drill
program.
Progress on harmonisation of colour
Significant
achievements in the harmonisation of wording on laboratory reports and the
reporting of new treatments have been chalked up during the 29th meeting of the
Laboratory Manual Harmonisation Committee (LMHC), which was hosted by the
Gübelin Gem Lab in Lucerne, Switzerland, on November 14, and 15, 2018.
The
LMHC is currently comprised of representatives from the Central Gem Laboratory
(CGL), CISGEM Laboratory, DSEF German Gem Lab, Gübelin Gem Lab, GIA Gem Laboratory,
the Gem and Jewelry Institute of Thailand (GIT) and the Swiss Gemmological
Institute SSEF. The organisation is not formally connected to any trade
organisation.
CTF Core operating profit surged by 24.7% YoY
According
to Chow Tai Fook Jewellery Group Limited [CTF], interim results for the six
months ended 30 September 2018 (1HFY2019), the Group recorded a revenue of
HK$29,703 million for 1H FY2019 that was in 1H FY2018 of HK$24,754 million, shows increase
of 20.0% YoY.
Key
reason is the stabilising consumer demand and reviving Mainland visitation
which fuelled the jewellery market. Gross profit amounted to HK$8,529 million
over the 1H FY2018 of HK$7,166 million. Adjusted gross profit margin was down
by 60 bps to 28.1%, mainly due to a higher sales contribution from gold
products and wholesales business, Core operating profit surged by 24.7% YoY.
Core operating profit margin increased slightly to 10.1%.
Tiffany global net sales rose 10% in 9M
Tiffany
& Co reported its financial results for the three months-Q3 and nine months-year-to-date
(9M), ended October 31, 2018. Management attributed sales growth in the third
quarter to higher spending by local customers in all regions, partly offset by
lower spending attributed to foreign tourists, primarily Chinese, in certain
regions.
Planned
higher strategic investment spending in the quarter and year-to-date, which is
intended to support long-term sustainable sales growth, negatively impacted
earnings; higher gross margins and lower effective tax rates had positive
effects on net earnings. Management maintained its net earnings outlook for the
full year ending January 31, 2019 that is FY2018.
Karan Kothari organised D & G expo
Luxury
Jewellery brand Karan Kothari Jewellers received an outstanding response for
the much anticipated diamond and gold exhibition (D & G Expo) and sales
event held at Jalgaon. This four-day event inaugurated in the graceful presence
of Mr Pradeep Kothari, Director, Karan Kothari Jewellers, held from 23rd to
26th November 2018in Jalgaon, showcased their unique ability to keep evolving
according to the changing trends.
With
an eclectic display of a variety of baubles, this exhibition evoked grandeur as
well as highlighted new trends with the display of 22K gold jewellery replete
with new age designs. It was mainly the display of light weight gold and
diamond jewelry which made a lasting impression on the buyers.
NSDC appoints A M Naik as Chairman
Shri
A M Naik has been appointed as Chairman of National Skill Development
Corporation (NSDC) by the Ministry of Skill Development and Entrepreneurship.
Currently Shri Naik is the Group Chairman of India's biggest engineering and
construction conglomerate-Larsen & Toubro Limited (L&T). He is one of
the most respected management professionals in the country. His years of
successful stewardship have resulted in building L&T as one of the
strongest global businesses.
Making
the announcement, the Minister of Petroleum and Natural Gas & Skill
Development and Entrepreneurship Shri Dharmendra Pradhan said that Shri Naik
epitomizes core values of a successful leader - strength, innovation,
ingenuity, knowledge and foresight- values that are imperative to the success
of any development initiative in today's economy.
Orapa, +50 Carat Diamond Potential Kimberlite
Pangolin
Diamonds results of an AK10 kimberlite indicator mineral chemistry
classification by CF Mineral Research Ltd, Kelowna, Canada. Pangolin has been
granted the sole and exclusive option to earn up to a 75% interest in the Orapa
AK10 Kimberlite because +50 carat diamond potential indicator & positive
results from 8,969 individual kimberlite indicator mineral analyses.
A
database of mineral chemistry analyses from the Orapa AK10 kimberlite
consisting of 8,969 analyses of individual kimberlite indicator minerals (KIMs)
were submitted to CF Mineral Research for classification using their
proprietary classification scheme for KIMs to assess the diamond potential of
the Orapa AK10 kimberlite.