Jennifer Fisher debuts in the LGD movement

According to BDI, Jewelry retailers joining the Lab-grown diamond (LGD) market has become the latest trend, owing to the changing consumer demands and preferences. Only last month, world’s biggest diamond producer – De Beers stepped into the Lab-grown diamond market, shaking the industry with its decision to go against what it said years ago of never entering the Lab-grown diamonds jewelry market. Various others retailers like M. Geller, Mervis Diamond Importers, Swarovski, Hoover & Strong, Barney’s New York, Spence Diamonds et al have started selling Lab-grown diamonds.

Newest entry to the list of retailers is Jennifer Fisher (JF) – a New York-based influential jeweler who debuted its Lab-grown diamond collection in partnership with Diamond Foundry. The collection comprises of angular diamond ‘micro-studs’ which are cut in sleek, asymmetrical shapes like trillions, emeralds and keystones.

Surat eye to be a trading hub

Recently Gourav Sethi, Exhibition Convenor & member of SDA board said media, “Surat will be a trading hub too!”  He was replying an exclusive question just ahead of proposed Carats - Surat Diamond Expo. “with Carats - Surat Diamond Expo, Surat will see a significant change by becoming a Trading Hub , besides being a manufacturing hub.” he added.

Talking about the show edge from visitors’ perspective Gourav stated that, “buyers who never visited Surat for buying, will now come regularly for newer and better business deals. Now being a very well connected by air with major cities, with Carats Expo, Surat will have immense positive impact on diamond industry.”.

Municipality to Facelift Gold Souq Dubai

As part of giving a facelift to the Gold Souq, Dubai Municipality has embarked on a mission to identify and finalize the changes and reforms required in this vital market, which is visited by a large numbers of tourists of different ages and nationalities.

As part of the efforts to implement the image enhancement program, Dubai Municipality’s Customers and Partners Relations Department recently organized a field visit of the top management of the Municipality to ascertain the issues faced by the traders in the Souq.

Stornoway suspends Renard diamond operations

Stornoway Diamond Corporation announces that mine operations at the Renard Diamond Mine have been temporarily suspended due to a local forest fire. As the fire was located 12.6 kilometres south of the Renard Mine, but just 3.6 kilometres south of the Clarence and Abel Swallow Airport and within 0.1 kilometre of the mine’s access road. It covers an area of 18 kilometres by 6 kilometres and is being fanned by northerly winds.

While mine facilities are in no immediate danger, the location of the fire means that access to the site is affected. For precautionary reasons, non-essential staff are being evacuated and road deliveries suspended until normal safe working conditions can be re-established. Rain and a change in wind direction is forecast in the next 24 to 48 hours. 

Gold, the metal of lowest emissions!

WGC publishes ‘Gold and climate change: An introduction’

According to the report published by the World Gold Council (WGC) in the month of June end, Gold is highly valuable. When analysed on a ‘per US$ value’ basis, gold has the amongst the lowest emissions intensity of all metals and mined products.

A wide range of investors now own gold and there is a growing need to understand how this might impact the

carbon footprint of mainstream portfolios. At the broadest level, an analysis of gold mining’s emission levels in relation to its contribution to global GDP, suggests the industry’s carbon footprint per US$ is similar to that of the overall global economy. And, although in its early stages, recent work looking at gold and equity investments suggests adding gold to a mainstream portfolio can, over time, reduce its overall carbon footprint.

The Pearl Bijoux Collection 2018

The Pearl Bijoux Collection 2018 features an array of exquisite pieces from unique rings, bracelets, pendants to stunning long earrings and studs. It is an attempt to bring to you the classical touch of pearls which is innate in the very roots of our civilization.

The collection seeks to showcase bespoke jewelry in a unique manner which makes it accessible to the modern day consumer. The assemblage has exclusive designs with premium quality finesse . All the pieces are silver based which is beautifully curated with Swarovski Zirconia and Pearls.

The collection reflects royalty with simplicity

Experience the orenda of Dillano Jewels, the luxury precious jewellery brand in our new Diamond constellation collection. The collection is a mélange of earrings, diamonds rings that reflects royalty along with simplicity. Ideal to wear with any attire, the collection is crafted in rose gold with sparkling diamonds mounted perfectly in gold.

Each masterpiece of this collection is backed with detailed research on trends that reflect its beauty and diamond jewellery requirements of modern Indian Women. They have the vivacity and flair of global fashion. Price on Request, Available at West Delhi.

S Ramesh taken over chairman, CBIC

S. Ramesh, IRS(C&CE:1981) has taken over as Chairman, Central Board of Indirect Taxes and Customs [CBIC], on superannuation of Smt. Vanaja N. Sarna today . Prior to his elevation, he was Member (Administration) in the Board.

GJC supports GJSCI for WorldSkills Kazan

The All India Gem and Jewellery Domestic Council (GJC)), formerly known as All India Gems & Jewellery Trade Federation (GJF), extends its support to Gem & Jewellery Skill Council of India (GJSCI) for preparing candidates to represent India in the upcoming WorldSkills Competition to be held at Kazan, Russia in 2019.

The preparation for the competition started with a registration process, where about more than 150 candidates across India registered themselves for the WorldSkills Competition. The registered participants went through a screening process, where 16 candidates were shortlisted for the two regional level competitions which were held in May and June, 2018 and 6 winners were identified, who would compete at the national level IndiaSkills Competition later this year.

DGCX H1 Volumes up 44%

Dubai Gold and Commodities Exchange (DGCX) has recorded its best H1 ever in its 13-year history, trading over 11,300,000 contracts so far in 2018, up 44% year-on-year (Y-O-Y). Traded value for the first six months of 2018 breached USD 250 billion for the first time too. The Exchange’s record-breaking performance was sealed following a robust month of trading in June, which saw 2,046,806 contracts traded, up 74% from June 2017. June 2018 traded value reached USD 42.3 billion.

The best performing asset classes this year have been the currencies with the Indian Rupee (INR) and the G6 Currency futures most prominent. First-half INR volumes increased by 22% from last year, driven mainly by increasing hedging appetite in volatile markets.