60 mn cts recovered from Marange!

Initial assessment of the T1A concession in

The Marange Diamond Fields of Zimbabwe

Botswana Diamonds announces that it and Vast Resources (Vast) have received a preliminary geological assessment of the Heritage Concession for Block T1A, within the Marange Diamond Fields of Zimbabwe. Vast has a due diligence access agreement and pre-agreed joint venture terms on the Heritage Concession and as announced on 4th October 2018, BOD has entered an agreement with Vast under which BOD will be engaged on due diligence, exploration, mining and marketing on the Heritage Concession.

Exporters! Expect good Holiday season!

According to the statement by US Secretary of Labor Alexander Acosta on the September jobs report, unemployment in the US is the lowest since 1969! He said, "In September, the unemployment rate fell to 3.7%, the lowest since 1969.

"Encouraging indicators were broad based. For the fifth month this year, the unemployment rate has been below 4.0%. The unemployment rate for women fell to 3.6%, the lowest in 65 years, and the unemployment rate for Hispanics matched a record low set in July 2018. The number of unemployed fell below six million for the first time since December 2000.

A promising Festive Outlook

Wedding season add more demand!

At the occasion to gaze up the festive jewellery demand for domestic market Mr Saurabh Gadgil, CMD-PNG Jewellers; National Vice President, IBJA said, “Consumer sentiments are positive and we are expecting good sales this festive season especially on Dhanteras and Diwali. There is a huge demand for gold and diamond Jewellery.”

The market looks promising with newer schemes and offers to attract more customers, hence leading to impressive sales. There is an expectation in the market that gold will appreciate and diamond will also see better growth in near future, so people have already started buying jewellery as a matter of investment.

WHP displays Vivah Diamond Collection

WHP Jewellers left the audience speechless with the display of the scintillating Vivah Diamond Bridal Collection at Bombay Times Fashion Week 2018 in Mumbai. The Vivah edition by WHP Jewellers was launched in the opening show of the fashion week with Payal Jai Singh’s Bridal Collection. The collection was donned by every model that walked the ramp along with the showstopper Ms. Roshni Sheoran, second runner up, Miss Diva 2018.

GSI’s FREE JDW in Pune

To be held on 24th October at Pune University

GSI’s is sponsoring a free Jewelry Design Workshop (JDW) presented by Raja Gondkar.  Education Head GSI.  Gemological Science International is a leading gemological body that provides reliable gemstone identification and grading services. At this workshop, Mr. Raj Gondkar, Education Head GSI (B.F.A) Applied, will help explore students’ innate creativity and how one can sketch and define various designs.

GSI’s objective to move around cities and conduct design workshop is to help students all across India to develop this innate skill. The workshop will be held on 24th October at Pune University, Maharashtra at 10 AM— 4 PM.  This workshop is open to university students and it will be carried by a one-hour presentation, followed by Q and A, and giving away several handouts of the exercises book.

A Diamond’s Full Journey with GIA M2M

GIA (Gemological Institute of America) announced that Chinese retailer Laelim Jewelry and Belgian diamond manufacturer IGC Group will pilot GIA’s M2M program that allows for complete transparency and traceability of diamonds along the value chain. This is one of the first instances where a manufacturer and retailer implemented the M2M program in partnership.

“Laelim Jewelry is proud to be in cooperation with the Belgian IGC Group-the very first Chinese retailer to offer diamonds that have been evaluated by GIA for its M2M program,” said Mrs. Lin Xiang, CEO of Laelim Jewelry.

IMF report highlights gold's relevance

The IMF Global Financial Stability report, released on 10 October, highlighted an increase in the level of risk among multiple global metrics. Following its publication, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days. While the market has regained some of its early losses, we believe the report and the subsequent market pullback underline the relevance of holding gold in the near and long term.

Last week stocks sold off, and gold acted as a key flight-to-safety asset in the market. Initially, as the US market retreated, gold held steady. But as the sell-off became more systemic globally, gold began to rally meaningfully.

De facto gold has fallen by more than 11% from its April high and is currently around 7% lower y-t-d amid bearish investor sentiment. Much of this performance has been driven by a risk-on appetite in the US, where the dollar – which historically is inversely correlated to gold – has appreciated by 7% since early Q2.

GIA Welcomes New Governor to Board

The Board of Governors of GIA welcomed Samantha F. Ravich, Ph D, as the newest member of the Institute’s governing body during their regularly scheduled meeting following the GIA International Gemological Symposium held at GIA’s world headquarters in Carlsbad, CA. Just before the Symposium, GIA’s global research team of nearly 60 experts gathered for their 12th annual meeting.

Dr. Ravich is the chair of the Transformative Cyber Innovation Lab, a not-for-profit organization with the mission to drive revolutionary, society-wide improvement in cyber resilience in both the U.S. government and the private sector. She is a managing partner of A2 Partners, LLC and serves on several government and private sector boards.

Roxgold Q3 produces 30532 oz gold

Q3, 2018 of Roxgold Inc production results is announced for Yaramoko Gold mine located in Burkina Faso.

According to the report, 30,532 ounces of gold produced in Q3 driven by record quarterly processing throughput of 78,357 tonnes that is over15% above nameplate capacity.

About 106,812 ounces of gold produced during the first nine month of 2018 which puts the Company in a strong position to achieve the upper end of its guidance range of 120K oz to 130K oz for the full 2018 year.

CIBJO congress 2018 concludes

The 2018 CIBJO Congress concluded yesterday in Bogotá, Colombia, after three days of official business, which followed two days of steering committee meetings. The final day of the congress was marked by a visit by Colombia's Vice President, Marta Lucia Ramirez.

Addressing the special session of the congress, which also was attended by about 200 members of the Chamber of Commerce of Bogotá's Jewellery Cluster, Ms. Ramirez outlined challenges facing Colombia in general and the business community specifically. She pointed to the growing importance and expansion of the Colombian jewellery sector, and paid tribute to representatives of the emerald and jewellery industries, who she said were leading the sector forward.