SYNTHdetect, the finalist as Industry Innovation award

The ground-breaking synthetic diamond screening device has been nominated for Industry Innovation of the Year in the JNA Awards

The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, is pleased to announce that its ground-breaking synthetic diamond screening device, SYNTHdetect, has been shortlisted as a finalist for Industry Innovation of the Year in this year’s JNA Awards.

SYNTHdetect, launched last year, is the first synthetic diamond screening device to simultaneously test multiple stones in set jewellery and has the industry’s lowest referral rate at around 0.05 per cent. The device thereby significantly increases efficiency and reduces costs for retailers and manufacturers when it comes to ensuring they do not buy any undisclosed synthetic diamonds.

2Q production at Stornoway reaches 223,351 carats

Stornoway Diamond provides production and sales results, all with CAD$ term unless otherwise noted,   

at the Renard Diamond Mine for the 2Q 2018 says, 201,283 carats sold in two tender sales for gross proceeds, 1: of $28.6 million, 2: at an average price of US$109 per carat ($142 per carat ). 2Q diamond production was 223,351 carats produced from the processing of 562,060 tonnes of ore at an average grade of 40 carats per hundred tonnes.

Matt Manson, President and CEO of Stornoway commented “Our second quarter production and sales report reflects the ongoing transition from open pit to underground mining and the introduction of ore-waste sorting. By the end of the quarter this transition was essentially complete, albeit with a slower than expected underground ramp-up because of lengthening lead times on mobile mining equipment. We have been particularly encouraged by the performance of the new ore sorting plant.

Annual Meeting of Mubri to be held in September

The international group MujeresBrillantes (Mubri), which aims to increase the role of women in the jeweler sector worldwide, has just announced that the city chosen to host the 2018 General Meeting will be Madrid, Spain. The Meeting will be held in September during the Jewelery Show –Madrid Joya from September 11st to September 16th .

The Fair is the main one in Spain and one of the most prestigious in Europe. The idea of the MujeresBrillantes  since its creation is to hold these Annual Meetings in different cities to increase the relevance of the role of women,  in addition to raising the awareness of industry leaders to change their strategies and give women more opportunities in leadership positions.

Fringe Collection, a classic retro revival

Fringes, a classic retro revival with a quirky flair is back in trend to fit every style. Inspired by fringes in garments, bags and global runway trends; evoke your statement look with Melorra’s new fringe collection. Melorra, India’s first fashion inspired fine jewellery brand has launched its fringe collection with 40 new affordable pieces to choose from.

The jewellery has an array of designs categorized under the concept “Artsy Fringe”. Each design has playful and contemporary features with metallic bars and chains representing different forms of fringes. The designs are meticulously crafted with a blend of art and fringe fashion that suits everyday wardrobe needs for the women of today.

Time Takes Flight with L’Épée

Immediate boarding on the Hot Balloon, the mechanical clock in the form of a hot air balloon created by L’Épée 1839. This suspended clock follows the brand’s other co-creations – the Vanitas and Arachnophobia wall clocks. Placed simply on a table or suspended from the ceiling as if flying through the air, this kinetic sculpture symbolizes adventure and whimsy while remaining an exceptional mechanical timepiece.

An official partner of l’École cantonale d’art de Lausanne (ECAL), and specifically its Masters program in Advanced Studies in Design for Luxury and Craftsmanship, L’Épée 1839 created this clock on the theme of travel in collaboration with the talented design student Margo Clavier.

Comprehensive export strategy to be finalised soon

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, interacted with the trading houses and exporters. He sought their suggestions on formulating a strategy for increasing exports by USD 100 billion in the next few years.

Commerce and Industry Minister informed that the export performance has been encouraging, last year, merchandise exports crossed USD 300 billion and registered a growth of 10%, while in 2016-17 it was 5%. Total exports, including services, were at USD 498.47 billion and were up by 13.5% in 2017-18. This year also there has been a growth in merchandise exports of more than 20% each in May and June.

Lulo June Quarter production to 5,058 carats

Lucapa Diamond provides an update on diamond mining operations in the June 2018 Quarter at the Lulo Diamond Project in Angola & says, Lulo alluvial mining produced 5,058 carats of diamonds during the Quarter, an increase of 20% on the previous corresponding period.

Lulo continued to regularly produce large and premium-value diamonds during the Quarter, with the number of Special diamonds recovered up 7% to 61, bringing to 118 the total number of Specials produced in H1 2018 (up 24%). The total weight of Specials produced during the Quarter was up 18% to 1,412 carats for an H1 2018 total

of 2,838 carats (up 22%).

Petra Diamonds withdraws interest from the KEM JV

Petra Diamonds Limited announces that it has entered into a binding Heads of Agreement with regards to the disposal of the Company’s and its black economic empowerment (BEE) partners’ 75.9% interest in the Kimberley Ekapa Mining Joint Venture (KEM JV) to the Company’s joint venture partner Ekapa Mining (Pty) Ltd for a cash consideration of ca. ZAR300 million (the Disposal).

KEM JV is a joint venture between Petra and its partner Ekapa Mining and incorporates the Kimberley Underground mine, extensive tailings retreatment programmes and the high volume Central Treatment Plant – all located in or around the historic diamond mining centre of Kimberley in South Africa.

Over 1.5 bn Oz of silver to be consumed through 2030

The ongoing revolution in green technologies, driven by the exponential growth of new energy vehicles (NEVs) and continued investment in solar photovoltaic energy, should further boost global industrial demand for silver over the next decade and beyond. These sectors, along with silver demand in nuclear power, are explored in a new report, The Role of Silver in the Green Revolution, released by the Silver Institute.

Silver’s importance to solar energy is well documented and the metal will continue to play a substantial role in this technology. It is estimated that roughly 820 million ounces (Moz) of silver will be utilized by global solar energy applications through 2030.

The KGK Group spread to 3 categories for awards!

The 7th edition of the JNA Awards announced its much-awaited list of Honourees across 12 categories at a news conference held alongside of the June Hong Kong Jewellery & Gem Fair.

The KGK Group has been proudly nominated in 3 categories i.e Manufacturer of the Year- Cutting & Polishing, Outstanding Enterprise of the Year- ASEAN, Japan and Korea and Outstanding Enterprise of the Year- India in the JNA Awards to be held on 16 September 2018 at Hong Kong Jewellery & Gem Fair. This world-renowned programme organized by UBM Asia is dedicated to recognizing and celebrating best business practices, excellence, and innovation in gems & jewellery with a focus on advancing the trade in Asia.