Registration for BDW moves ahead strongly!

Hundreds of Visitors Already

Registered for BDW from October 8-10

The Bharat Diamond Bourse (BDB) in Mumbai says more than 300 visitors from India and overseas has already registered for the second edition of the Bharat Diamond Week at the bourse, to take place from October 8-10. Hundreds more buyers are expected to register in the countdown to the expanded polished diamond fair.

Mandela mining precinct and MEMSA launches

The Minerals Council South Africa (Minerals Council) welcomed the launch of the Mandela Mining Precinct and the Mining Equipment Manufacturers Association (MEMSA). The Mandela Mining Precinct is a public private cooperation that supports local, people-centred innovation to modernise the South African mining cluster.

Its partnership with MEMSA empowers the mining cluster to save and create jobs in mining and the mining industries’ supplier industries. Speaking at the launch, Minerals Council Vice President, Neal Froneman said: “It is very encouraging to see that, through a learning-by-doing approach, a partnership of stakeholders is evolving to collaborate on the many challenges we face in the journey to mining 4.0.”

GSI opens new facility New York

GSI expands lab-grown diamond,

Diamond jewelry screening & testing services

GSI announced the opening of its new facility in the heart of New York City’s 47th Street ‘Diamond District’ that will be dedicated solely to screening and testing of diamond jewelry for undisclosed lab grown diamonds.

Mujeres Brillantes - Third World Meeting

Impressive numbers and very successful

Brands join Mujeres Brillantes Runaway!

It happened the last week on September 12nd to 15th, Third World Meeting Mujeres Brillantes, where several women’s jewellery has met to discuss the progress of the association's creation in 2016 to the present day. The chosen city this time was Madrid, Spain during the prestigious Spanish Jewelry Show, Madrid Joya attended by members of the group from countries of Latin America and Europe.

Richemont appoints Jérôme as CEO

Richemont announces the appointment of Mr Jérôme Lambert, currently Group Chief Operating Officer, as Group Chief Executive Officer with immediate effect. Mr Lambert has had an extensive career with Richemont, having led Jaeger-LeCoultre and Montblanc and overseen the Group’s Specialist Watchmakers, Montblanc and the Group’s Fashion and Accessories businesses prior to taking on the role of Group Chief Operating Officer last year.

Commenting on the appointment, Mr Johann Rupert, Chairman of Richemont, said: “Jérôme’s new role sees him taking responsibility for the Group’s future growth at a time when consumer habits are changing significantly. As we position the Group to meet these challenges, he will lead the development of strategic plans reflecting the long-term objectives and priorities established by the Board.

India exports grew over 20% YoY

Gems & Jewellery exports grew about 23.95% YoY

India’s overall exports (Merchandise and Services combined) in April-August 2018-19* are estimated to be USD 221.83 Billion, exhibiting a positive growth of 20.70 per cent over the same period last year. Overall imports in April-August 2018-19* are estimated to be USD 269.54 Billion, exhibiting a positive growth of 21.01 per cent over the same period last year.

At Merchandise Trade front, Exports (including re-exports in August 2018 were US $ 27.84 Billion, as compared to US $ 23.36 Billion in August 2017, exhibiting a positive growth of 19.21 per cent. In Rupee terms, exports were Rs. 1,93,624.74 Crore in August 2018, as compared to Rs. 1,49,398.90 Crore in August 2017, registering a positive growth of 29.60 per cent.

Suresh Prabhu visits diamond factory in Vladivostok

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, recently visited the Eastern Economic Forum (EEF) in Vladivostok in Russia. The visit began with a tour of the diamond cutting and polishing factory set up by the KGK Group of India in Vladivostok. It has a manufacturing capacity of 150,000 carats of diamond per year and employees 400 people.

The facility was inaugurated by Russian President, Vladimir Putin, last year. The Commerce Minister had discussions with KGK Group, MD, Vithal Ramani, to explore the potential and sourcing and value addition opportunities in the diamond trade for India.

BRICS Ministers supports SMMEs

BRICS Ministers agreed to promote SMMEs

SMMEs are potential growth engines: BRICS

BRICS agreed Partnership on Fourth Industrial Revolution

SA government said, BRICS Communications and ICT Ministers have agreed to help promote the cooperation of Small, Micro, Medium Enterprises (SMMEs) from BRICS member countries. “Key to unleashing their potential is for governments to support and invest in the innovation and development of ICT SMMEs and the broader ICT industry,” said a communiqué issued at the end of the BRICS meeting for Communications and ICT Ministers.

The Ministers have urged SMMEs to continue to innovate and find solutions that will advance universal telecommunications access. The member states identified SMMEs as potential engines for growth and job creation.

WFDB Welcomes De Beers Report on Record

The World Federation of Diamond Bourses (WFDB) has welcomed the De Beers Group's Diamond Insight Report which shows diamond jewelry sales in 2017 at a record $82 billion. In addition, the report finds that the Millennial and Gen Z generations combined accounted for two-thirds of global diamond jewelry sales last year.

"There is no doubt that this is a very positive and upbeat report," said WFDB President Ernie Blom.

"The diamond industry can take great heart from this report which I would highly recommend that people take the time to read. We can all learn a great deal about how to approach and market to the younger generations because the report contains very detailed information about the buying patterns of the 21 to 39 Millennials age group, and Gen Z of those currently 18-20-years-old.

IIDGR introduces SYNTHdetect XL

The International Institute of Diamond Grading & Research (IIDGR), a member of De Beers Group, announced the introduction of SYNTHdetect XL, an advanced version of the highly successful SYNTHdetect synthetic screening device launched last year.

Unveiled at the Hong Kong Jewellery & Gem Fair, SYNTHdetect XL has a larger base unit that allows multiple volumes of jewellery to be screened simultaneously, providing even greater efficiencies for users. It also provides the opportunity to now scan larger necklaces, multiple solitaire rings and multiple bracelets, while retaining the ease of use of the original device.