NEWS

GJEPC commences India Australia BSM!

GJEPC commences India Australia BSM!

The Gem and Jewellery Export Promotion Council (GJEPC) commences the India Australia Buyer Seller Meet (BSM) with inauguration on August 7 & that to run through August 9 in Mumbai. In three days BSM the Australian players would also visit SEEPZ SEZ.

 

Inaugural event witnessed Vice-Chairman, GJEPC, Shri Colin Shah, Mr Jeremy Keight, Buyers by the Coordinator of BSM, Dilipbhai-GJEPC Gujarat & ED-GJEPC Sabyasachi Ray on the dais among the presence of Buyer delegation, Sellers from India & invitees!

 


More special and coloured diamonds from Mothae

More special and coloured diamonds from Mothae

Lucapa Diamond Company and the Government of the Kingdom of Lesotho (GoL) provide an update on diamond & says, there are more recoveries of special and coloured diamonds from the ongoing bulk sampling program at the Mothae diamond mine in Lesotho.

 

Lucapa acquires 70% & GoL has 30% in the Mothae diamond mine in Lesotho, the latest Special recoveries (individual diamonds >10.8 carats) include a 28 carat stone from the North zone of the Mothae kimberlite pipe.

This follows the recovery of other Specials including an 89 carat yellow from the South-East zone, a 25 carat yellow from the Neck zone and a 12 carat white from the North zone.

 


 

Diamond Trading Slows in Seasonal Lull

Diamond Trading Slows in Seasonal Lull

Diamond prices softened slightly in July due to a seasonal slowdown as US wholesalers closed for their summer vacations. Bargain-hunters were asking for higher discounts during the quiet period, but suppliers had little urgency to sell after a positive first half.

 

The RapNet Diamond Index (RAPI) for 1-carat diamonds slid 0.4% in July, but remains up 3% since the beginning of the year. The index has increased 0.8% in the past 12 months.

 


Catoca Director-General quits company!

Catoca Director-General quits company!

The director general( DG) of the Mining Society of Catoca, Sergei Amelin, in Saurimo (Lunda Sul), has resigned as the company's head, as he wants to take other challenges, read a press release sent today to ANGOP.

 


DGCX records highest average open interest

DGCX records highest average open interest

Building on a record-breaking first half of the year, the Dubai Gold and Commodities Exchange (DGCX) has begun H2 strongly, recording an Average Open Interest (AOI) of 323,477 contracts in July, bringing the AOI for 2018 to an all-time high of 304,398 contracts, up 29% from 2017. The overall volumes for the month touched 1,894,155 contracts with a value of USD 38.49 billion, a year-on-year (Y-O-Y) increase of 36%.

 

The best performing asset classes for July were the Shanghai Gold Futures and Chinese Yuan Futures, registering month-on-month (M-O-M) volume growth of 71% and 64% respectively. The rising demand for China-centric products comes at a time when ties between the UAE and China have strengthened after the recent state visit of the president of China, Xi Jinping. Dubai India Gold was another notable performer for the month, recording a 99% increase in Y-O-Y growth.

 


Lark & Berry store soft opening of cultured diamonds

Lark & Berry store soft opening of cultured diamonds

We would like to announce our store opening and the new US Federal Trade Commission ruling on cultured diamonds.

 

Every step along the way of this amazing journey to bring you the finest jewelry featuring our beautiful, cultured diamonds, we’ve never once looked back! We truly believe what we’re doing is not only the most exciting thing happening in luxury fashion, but also notably ethical and environmentally forward-thinking.

 

The response we have received from you, our loyal customers, has been nothing short of astounding. We at Lark & Berry hear you: You really believe in our exhilarating collections featuring our exclusive cultured stones diamonds. When we follow our hearts, great things happen, and so it’s with much joy that we get to tell you two great pieces of news.

 


Reform in Banks India with four-pronged strategy

Reform in Banks India with four-pronged strategy

Government working on a four-pronged strategy to improve the health of the Banking Sector! Government has taken note of Standard & Poor’s (S&P) Global Ratings, a prominent global rating agency, which states, inter-alia, that “the worst is almost over for India’s banks”.

 


 

BDW 2nd edition during October 8 to 10

BDW 2nd edition during October 8 to 10

BDW to be held in New York from October 29 to 31

 

2nd edition of Bharat Diamond Week (BDW) is scheduled to run from October 8, 2018. With the recently conceptualized initiative of BDW, an exhibition first of its kind equipped with International standards and facilities.

 

The event will see over 100 Indian companies displaying polished diamonds to buyers from across the world from 8th to 10th October at the BDB complex. Exhibitors will be offering a wide range of polished diamonds in all shapes, sizes and colors. Visitors will be able to see a comprehensive range of goods at this exhibition.

 


 

Aram Shishmanian will be Stepping  down WGC

Aram Shishmanian will be Stepping down WGC

The World Gold Council has today announced that Aram Shishmanian will be stepping down as Chief Executive Officer next year after 10 years of leadership.

 

Mr Shishmanian has been CEO of the World Gold Council since January 2009. Under his leadership, the market development organisation has promoted fundamental changes to gold policy in key markets such as China and India, as well as setting new standards in areas such as responsible gold mining and Shari’ah compliant gold investing.

 

During his time as CEO, the organisation has helped modernise market infrastructure to make gold a mainstream financial asset. It has also introduced new gold investment products to enable gold ownership to become ubiquitous.

 


Prida, receives highest honours!

Prida, receives highest honours!

Bags the Lifetime Achievement Award

 

Prida Tiasuwan, chairman of Pranda Jewelry Public Co Ltd – Pranda Group and one of the pillars of Thailand’s jewellery sector, will receive one of the highest honours in the international jewellery and gemstone industry this year – the Lifetime Achievement Award conferred by the JNA Awards.

 

Prida, known as one of Thailand’s visionary business leaders, is credited for transforming Pranda Group into one of the world’s top jewellery manufacturers and exporters, and the Southeast Asian country’s flagship jewellery brand. Under Prida’s leadership, Pranda mastered the mass-production of fine quality jewellery, a feat which used to be the exclusive domain of highly skilled goldsmiths. This high profile industry pioneer also champions Thailand-made jewellery globally, encouraging other home grown manufacturers to explore and capture international markets.

 


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