Mumbai: The Diamond Producers Association
(DPA) plans to audit synthetics detectors to help the industry navigate its way
around the broad choice of machines available on the market, reports Rapaport.
Mumbai: Tribhovandas Bhimji Zaveri (TBZ)
yesterday reported a 89% surge in profit after tax (PAT) at Rs. 6.14 crore in
the third quarter ended December 31 as compared to the same period of last
year. The jewellery retailer's PAT stood at Rs. 3.25 crore in the corresponding
quarter of previous year. The total income from operations during Q3 of FY17
grew 9.55 percent to Rs. 542.99 crore from Rs. 495.66 crore a year ago, the company
said in a release here.
Mumbai: For the second time in a row, the
Reserve bank of India (RBI) yesterday opted for a status quo in its key rates
but shifted the stance of the monetary policy from ‘accommodative’ to
‘neutral’. “The decision of the Monetary Policy Committee (MPC) is consistent
with a neutral stance of monetary policy in consonance with the objective of
achieving consumer price index (CPI) inflation at 5 per cent by Q4 of 2016-17
and the medium-term target of 4 per cent within a band of +/- 2 per cent, while
supporting growth,” it said.
Mumbai: Under the Pradhan Mantri Kaushal
Vikas Yojna (PMKVY- 2), GJSCI commenced another ambitious project called
Recognition of Prior Learning (RPL) Program in Seepz. The aim behind this
initiative is to uplift the karigars of gems & jewellery industry in India.
The event was inaugurated by Shri N.P.S. Monga I.T.S Development Commissioner,
SEEPZ-SEZ (Maharashtra, Goa, Daman & Diu), in the presence of Mr. Gaurav
Kapoor- Head Industry Partnerships & CSR-NSDC, Mr. Rajeev Pandya- President
SGJMA, Mr. Vinod Khewalkar- Apprenticeship Advisor, Mr. Prem Kumar Kothari-
Chairman GJSCI & Mr. Binit Bhatt- CEO GJSCI. The event was attended by the
top management of various companies nestled in the SEEPZ premise.
Mumbai: World Federation of Diamond Bourses
(WFDB) President Mr. Ernie Blom told the 2017 Presidents Meeting on Tuesday
that the organisation will work in close cooperation with the Diamond Producers
Association (DPA) in order to help boost its generic diamond marketing efforts.
Mentioning reports that the DPA was looking to boost its annual budget from the
current $6 million, he told the international gathering taking place in Mumbai
this week that the increase in the DPA's budget will allow it to invest in more
sophisticated and long-term programmes.
by Evaluate Research): Rajesh Exports
reported results for the third quarter ended December which were in-line with
our estimates reaffirming our confidence in the outlook of the company. 3Q sales came in at Rs. 644.9 billion vs. Rs.
498.2 billion in the corresponding quarter last year, an increase of 29% YoY.
Cape Town: Anglo American, which has an 85
percent stake in De Beers, said the past year brought some reprieve for the
global mining industry.
Gaborone: De Beers will keep its diamond
exploration budget steady at $35 million in 2017, the company said, while
turning to new technology to improve the rate of discoveries.
New York: The Jewelers Vigilance Committee
(JVC) will commence an important live webinar series beginning next month
designed to help industry members to avoid legal risk and implement compliant
Toronto: Mountain Province Diamonds
recovered the largest gem-quality stone yet from its Gahcho Kué mine in Canada.
At 67.87 carats, the octahedron-shaped
rough diamond was extracted during the ramp-up of the mine, which was launched
in September last year.
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