A golden opportunity in Sindhudurg!

GJEPC organizes skill training programme!

The Gem & Jewellery Export Promotion Council (GJEPC), the apex body for the gem and jewellery trade in India, set up by the Ministry of Commerce and Industry, organized a skill building training programme for gem & jewellery sector at Sindhudurg. Hon’ble Minister of Commerce & Industry and Civil Aviation Shri Suresh Prabhu inaugurated the programme.

Shri Suresh Prabhu , CIM said, “This is a golden opportunity for the gem & jewellery workers in Sindhudurg. The training programme is not just for the people already working in this sector but whoever is interested would be trained under this programme.

Gem-n-jewellery banking support tumbles!

Banking Finance Support to

Gem and Jewellery decline by 10 percent, says GJEPC

-Will adversely impact overall growth up to 10 percent in FY18-19

The Gem & Jewellery Export Promotion Council (GJEPC), apex body for the gem and jewellery trade in India, set up by the Ministry of Commerce and Industry, today stated that there has been at least 10 percent decline in bank finance to the gem and jewellery sector which is going to adversely impact exports out of the country. This also implies that gem & jewellery exports for the FY 2018-19 will see a drastic drop of 10% as well according to GJEPC.

According to the data released by GJEPC, the exports of gem and Jewellery from India declined to 8.84 percent during April to June 2018 to USD 10.1 billion compared to USD 11.1 billion in the same period last year. The Council undertook proactive initiatives in recent past such as MyKYC bank initiative, a “white paper” to mitigate the financing risks and boosting transparency into the credit mechanism playing a critical role in the trade.

US Fed appoints Quarles for second term

Vice Chairman for Supervision Randal K. Quarles was sworn in for his second term as a member of the Board of Governors of the Federal Reserve System on Monday. The oath of office was administered by Chairman Jerome H. Powell in the Board Room.

Vice Chairman Quarles has served as a member of the Board of Governors since taking office on October 13, 2017, to fill an unexpired term. He was confirmed to his second term by the United States Senate on July 17, 2018. His term as a Board member ends on January 31, 2032, and his term as Vice Chairman for Supervision ends on October 13, 2021.

Yaramoko produced 76,280 Oz of gold in H1

Roxgold announced its 2018 second quarter (Q2 ) and first half (H1 ) production results from the Company's Yaramoko Gold mine located in Burkina Faso (Yaramoko) says, 35,828 ounces of gold produced in Q2 and all together 76,280 ounces produced at Yaramoko in H1 2018 which puts the Company in a strong position to achieve the upper end of its increased guidance range of 120,000 – 130,000 ounces for the full 2018 year.

Silver Bear appoint Dy CEO

New appointment at Silver Bear

Silver Bear Resources appointed Alexey Sotskov as its Deputy Chief Executive Officer (Deputy CEO), from immediate effective. Mr. Sotskov has been a director of Silver Bear since August 2014 and is a representative of the Company’s major shareholder, Inflection Management Corporation Limited.

Mr. Sotskov continues to sit on the Company’s board of directors. As Deputy CEO, Mr. Sotskov will share management of the Mangazeisky silver project in Far East Russia with the Company’s President and CEO, Mr. Graham Hill.

Palak Jewellers open store in Durg

A dealer of Yug - branding partner of

Swarovski inaugurated store in Chhattisgarh

On Saturday, 21st July 2018, Palak Jewellers, dealer of YUG in Durg inaugurates their exclusive showroom in the presence of Chief Guest Mr. Rajendra Jain, MD India Swarovski Gemstones along with Mr. Bipin Viradiya, Chairman of Tanvi Gold Cast, Rajkot, Mr. Rajubhai Dhelariya, Owner of Palak Jewellers, Mr. Raj Bhalara, Mr. Rajesh Purohit from Tanvi Gold Cast, and Mr. Vivek Gurung from Swarovski and other respected dignitaries of Chhattisgarh Jewellery fraternity.

Firestone recoveries goes up by 36.8% QoQ

Firestone Diamonds provides its quarterly update on operations at its Liqhobong Diamond Mine for the quarter ended 30 June 2018 (Q4 of the Company's 2018 FY) and guidance for FY 2019. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho .

According to the update, Zero lost time injury record maintained with over 6.2 million man hours worked since project commencement in July 2014. The exceptional operational performance resulted in several new production related records during the final quarter and market guidance being achieved for the financial year to end-June 2018.

Lulo diamond sales for A$2.7 mn

Lucapa Diamond Company Limited have completed the first sale of alluvial diamonds for H2 2018 from the Lulo Diamond Project in Angola. The parcel of 2,527 carats achieved gross sale proceeds of US$2.0 million (A$2.7 million), representing an average price per carat of US$800 (A$1,079).

Sarine Opens New Galaxy Service Centre in China

Sarine Technologies Ltd has opened a new Galaxy service centre for the scanning and mapping of internal inclusions in rough diamonds in the Sha Wan Jewellery Park, in the Panyu District of Guangzhou, servicing the rough diamond trade and diamond manufacturers there and in China, in general.

The new Guangzhou service centre is the ninth one, following those opened between 2010 and 2012 in India (Surat and Mumbai), Israel, Belgium, Russia, South Africa, Namibia and Botswana. This service centre is operated by D-Authority, a local business venture that has been providing Sarine with professional pre- and post-sales services for 15 years.

De Beers initiative to protect the welfare of wildlife

Partners with Peace Parks Foundation on one of the largest elephant translocations in South Africa’s history! De Beers Group has begun to transport 200 elephants across 1,500km from its Venetia Limpopo Nature Reserve (VLNR) in South Africa to Mozambique. The operation, one of the largest elephant translocations ever recorded in South Africa, is part of a major conservation initiative to protect the welfare of wildlife in South Africa and help restore Mozambique’s elephant population.

For the first phase of the project, approximately 60 elephants will be transported in July and August from the VLNR to Zinave National Park in central Mozambique. The remaining elephants will be moved to conservation areas that hold sufficient elephant carrying capacity within Mozambique from next year.