Alrosa pilots Tracr platform!

Tracr, the end-to-end diamond industry blockchain traceability platform being developed by De Beers Group in collaboration with industry stakeholders, is pleased to announce that Alrosa has joined the platform’s pilot programme. Alrosa will join industry leaders from the diamond manufacturing and retail sectors in creating the blockchain platform by the industry, for the industry.

Following the announcement of the Tracr pilot earlier this year, Alrosa’s involvement brings the world’s two largest diamond producers together to provide enhanced assurance for consumers and trade participants about the provenance and authenticity of their diamonds, and in creating a digital foundation for new services that can only be developed on an end-to-end platform.

Petra Diamonds appoints Varda Shine!

Petra Diamonds Limited announces the appointment of Mrs Varda Shine and Mr Bernard Pryor to its Board as Independent Non-Executive Directors, with effect from 1 January 2019.

These appointments have been made in accordance with the Nomination Committee’s three year Succession Plan which is in line with Petra’s development from a phase of intensive capital expenditure and expansion to a focus on steady-state operations.

Kagem discovered 5655 carat emerald!

Kagem Mining has discovered an exceptionally rare high quality 5,655 carat (1.13kg) emerald crystal at its mine in Lufwanyama. The emerald – dubbed ‘Inkalamu’, the Lion Emerald - shows remarkable clarity with a perfectly balanced golden green colour, and is already creating a buzz in the global gemstone industry ahead of its auction in Singapore next month in November.

Inkalamu was discovered at Kagem, the world’s largest emerald mine, which is 75% owned by London-based Gemfields and 25% by the Zambian government through the Industrial Development Corporation of Zambia. “The discovery of this exceptional gemstone is such an important moment both for us and for the emerald world in general” commented Gemfields’ London-based gemmologist Elena Basaglia.

A good demand for small & big ticket items!

Ishu Datwani, Founder-Anmol says, “Gold temple jewellery & classic diamond jewellery is trending this festive season. We're expecting an increase in demand for both gold & diamond jewellery this festive season. It is also the onset of the wedding season, so there will be a good demand for small & big ticket items. Keeping these factors in mind, we are expecting at least 20-25% increase in sales.”

By looking at the season at latch, Tanya Rastogi, Director-Lala Jugal Kishore says, “The increased rate of gold has worked in favor of the metal and the industry, as the consumer is reminded that gold is still an investor friendly metal. There is a lot of promotion and buzz around offers and collection launches around this season.” On the other hand, the consumer is expected to make small purchases this year due to the high price but a good footfall and sales are expected.

Rivana Gold & Diamonds for thisParty season

Every girl knows, ‘Diamonds Speak Louder than Words’, so let the diamonds do the talking this party season, with Rivana Gold & Diamonds’ Cocktail Edition. The ensemble brings with it a range of exquisite diamond studded earrings, cuff, and neckpieces.

The pieces are curated in 18k gold where various tones of metal including white, yellow and rose are blended craft fully. The edition captures dainty natural motifs like rain drops, flowers and butterflies.The edition is a must have for bringing in the New Year or can be also donned at a winter cocktail party.

A collection that give the traditional looks

Mia by Tanishq, one of India’s most-loved jewellery brands today announced the launch of its beautiful andcoming-of-age Festive collection. The move aligns with the company’s vision to offer fashionable fine jewellery for the modern contemporary woman. Styled to give a contemporary touch to the traditional designs, the Festivecollection is for those women who are open to new trends and styles this festive season.

Fashion jewellery lovers will be spoilt for choice, with a collection that is completely unique and focuses on reinventing fashion looks this festive season.Speaking about the new collection, Bhavishya Kelappan, Business Head, Mia by Tanishq stated, “The young, modern Indian woman of today is open to new ideas and designs and is always the thinker, whether in her professional or personal life.

Export Summit 2018 held!

India’s exports rose by 9.8%, in financial year 2017-18, which is the highest rate of growth in six years. This positive growth in exports has taken place at a time when there are a lot of negative headwinds globally. This was stated by Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, at the Export Summit 2018 organised by Confederation of Indian Industry in New Delhi.

The Minister further stated that Commerce Ministry is working on a strategy to revitalize India’s exports and is working with key exporting ministries to formulate sectoral, commodity and territory specific export strategy. Meetings with concerned ministries have already been held where different ministries and stakeholders have been consulted after which a matrix of specific action points have been prepared sector wise, commodity wise and territory wise.

Alrosa piloting the GIA M2M program

GIA (Gemological Institute of America) announced today that Alrosa, the world’s largest producer of rough diamonds, is piloting the Institute’s M2M program.

“The M2M program is a way to share with the consumer the story of our diamonds,” said Sergey Ivanov, CEO of Alrosa. “The creation of tracing systems is an important step in confirming diamond provenance, which will have benefits for industry participants, retailers and ultimately retail consumers. Alrosa is examining different tracing solutions available on the market to provide consumers with supreme confidence and knowledge.”

IGI Launches New Facility at BDB

IGI Launches New Facility at BDB in Mumbai

IGI New Facility at BDB

Sorting and screening office to be stationed at

One of the world’s largest diamond centers

The International Gemological Institute (IGI), the world’s largest independent gemological institute, recently announced opening of a new facility in Mumbai at the Bharat Diamond Bourse. Located at Tower FW in the exchange, the space will serve as a welcomed extension of IGI’s existing laboratory services in the capital city, operating as a full-fledged sorting and screening facility. Streamlining the evaluation process, trade personnel will also be able to drop their parcels at the fully operational office from 9 a.m. to 6 p.m. and collect them once the certification process is complete.

The Second WES closed!

Focuses Responsible Sourcing and Sustainability

The Second World Emerald Symposium closed with overwhelming success in Bogota, after three days of discussions on a variety of issues and challenges facing the emerald industry along with informative talks on small-scale and industrial mining, geology, gemology, origin, treatments, jewelry and more.

For many of the speakers, the major and recurrent theme focused on the need for responsible sourcing, transparency and an ethical supply chain, and how these are being accomplished in different emerald-producing countries. “We believe emeralds should really be green,” said Edwin Molina, President of Aprecol, the Association of Colombian Emerald Producers, in his keynote address.