Indulge in Vivacity of gemstone jewellery

Anaqa Jewels presents its mesmerizing range of gemstone jewellery for the modern fashion enthusiasts. Featuring alluring and breathtaking designs, the assortment is a beautiful range of earrings, rings , bracelets and necklaces infused with Cubic Zircon crystals and handpicked semi precious colored stones like Opal, Emerald, Topaz, Malachite and many more.

This vivid range of bold and edgy adornments is a perfect amalgamation of glamour and latest trends that grace every outfit with equal flair. With splendid designs and detailing, the collection is an array of striking masterpieces that are apt for those who urge for fashion. Price: On Request, Store at: Anaqa Jewels, Colaba, Mumbai.

GoI receives Rs. 1,27,461 crore more in May YoY

Monthly Review of the Account of the Union Government of India up to the month of May 2018 for the Financial Year 2018-19 has been consolidated and Reports published; Government of India (GoI) receives Rs.1,27,461 crore (7.01% of corresponding BE 18-19 of Total Receipts) up to May, 2018 comprising Rs. 1,02,408 crore Tax Revenue (Net to Centre), Rs.24, 049 crore of Non Tax Revenue and Rs. 1,004 crore of Non Debt Capital Receipts.

The Monthly Account of the Union Government of India up to the month of May, 2018 has been consolidated and reports have been published.

US retailers unable to halt global supply chains!

Driven by increasing consumer demand and rising retail sales, imports at the nation’s major retail container ports are expected to set a new record this month even though new tariffs on goods from China just took effect, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

“Retailers cannot easily or quickly change their global supply chains, so imports from China and elsewhere are expected to continue to grow for the foreseeable future,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “As tariffs begin to hit imported consumer goods or the parts and equipment needed to produce U.S. goods, these hidden taxes will mean higher prices for Americans rather than significant changes to international trade.”

RPM accepts to purchase 33% interest in BRPM JV

Anglo American Platinum confirms that its wholly-owned subsidiary, Rustenburg Platinum Mines Limited (RPM) has accepted an offer from Royal Bafokeng Platinum Limited (RBPlat) to purchase its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (BRPM JV ) for a total purchase consideration of R1.863 billion (approximately US$135 million.

RPM entered into a sale and purchase agreement (SPA) on 4 July 2018 with RBPlat’s wholly-owned subsidiary Royal Bafokeng Resources Proprietary Limited. Chris Griffith, CEO of Anglo American Platinum commented on the Transaction: “Anglo American Platinum has accepted an offer from Royal Bafokeng Platinum for our 33% interest in the BRPM JV, whilst retaining the BRPM JV purchase of concentrate.

IGI’s new laboratory will evaluate diamond jewelry!

The International Gemological Institute (IGI), the world’s largest independent gemological institute, announced it has opened its 13th branch in Bengaluru. Located at 136 Cears Plaza off of Residency Road, the new laboratory will evaluate diamond jewelry as well as provide educational services in gemology to local diamond and gemstone enthusiasts.

The Bengaluru branch complements IGI’s established laboratories in Thrissur, Chennai and Hyderabad. The state-of-the-art laboratory will evaluate and certify jewelry on the same international standard that all of IGI’s worldwide locations adhere to. With this addition, IGI not only intends to expand its client service portfolio and reach, but also promote its foremost objective of raising awareness of the importance of gem and jewelry evaluation.

St Barbara FY18 production of 403,089 oz gold

St Barbara provides the update for the June 2018 quarter (Q4 FY18) and full year FY18. According to the update, FY18 consolidated gold production was a record 403,089 ounces, up 6% on FY17 and exceeded 400,000 ounces in a year for the first time.

Gwalia produced a record 84,537 ounces of gold in the quarter and a record 268,428 ounces for the full year. As anticipated, the re-set of the mining chevron during Q3 ensured multiple working faces were available for production in Q4. 204 kt of ore was milled during the quarter at an average grade of 13.2 g/t Au, reflecting mining from higher grade zones of the South West Branch.

HW Emerald Collection, a modern icon

Inspired by Mr. Winston’s preferred diamond cut, the Harry Winston Emerald Collection is a modern icon of unsurpassable style.

For Mr. Winston, the emerald-cut was the most elegant and flattering cut for precious stones and became intimately associated with the creations of the New York jeweler. The intense blue and white dials, the diamonds and the distinctive shaped case of the Harry Winston Emerald timepieces allude directly to Mr. Winston’s extraordinary legacy.

IBBI Regulations amended

The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018.

Tender of SA & Angola rough announced by TAGS

Trans Atlantic Gem Sales (TAGS) will be holding a rough diamond tender in the state-of-the-art Almas Tower, Dubai from the 31st July to the 8th August 2018. Two regular productions of high quality and high colour material from South Africa and Angola will again be presented.

The TAGS rough diamond tenders continue to go from strength to strength and grow in both caratage and popularity. This rough diamond tender marks the eighth tender event of the year and follows seven previously successful tenders.

Social humanoid robot at the Forevermark Forum

The much-awaited 7th edition of the Forevermark Forum took place from 9th to 11th July 2018 in Delhi. Over the past seven years, Forevermark, the diamond brand from the De Beers Group of Companies, has provided an exceptional platform for all their partners together to interact, transact and gain a new perspective on Forevermark’s growth in the context of events within and outside the industry. This year had a celeb quotient that was different but every bit as amazing and unique as the brand itself!

The highlight was the presence of Sophia, the most advanced social humanoid robot developed by Hong Kong-based company Hanson Robotics. The robot, modelled after actress Audrey Hepburn, is known for her human-like appearance and behavior compared to previous robotic variants.