NEWS
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!
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
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.
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.
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.
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.
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 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.
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.
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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