DeWitt’s new Academia Skeleton watch

DeWitt’s new Academia Skeleton watch is the latest addition to the Geneva Manufacture’s series of emblematic watch creations. The watchmaker returns to its roots by developing a new movement with a strong character that embodies DeWitt both in its aesthetics and in its functions.

For the manually wound skeleton movement, Jérôme de Witt has chosen a highly complex mathematical structure. The power reserve system is based on the satellite principle already created for the Tourbillon Differential model, which won an award in the innovation category at the Grand Prix de l’Horlogerie de Genève in 2005.

Strategy for Revitalizing Exports reviewed

Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu chaired a meeting in Delhi on 23rd June 2018, to review development of a strategy for revitalizing India’s exports. The Minister took stock of the latest export trends and expressed confidence over robust growth of total exports by 12.9% in 2017-18. 

He said that trade events are being organised in African, Central and South American countries to find new markets for exports and to introduce new products. Because of these measures, exports are continuously registering growth.

Capital infusion in ECGC

The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved contribution of Grant-in-Aid (Corpus) of Rs1,040crore to National Export Insurance Account Trust (NEIA).

The Corpus is to be utilised during three years from 2017-18 to 2019-20. 

An amount of Rs440crore has already been received for the year 2017-18.  Rs300crore each will be given to NEIA for the years 2018-19 and 2019-20. The Corpus would strengthen NEIA to support project exports from the country that are of strategic and national importance.

Dominion Diamond Online auction on 19th July

Dominion Diamond Mines ULC (Dominion ) announces the upcoming auction of its latest production of fancy colour and +10.8 carat rough diamonds, in co-operation with I. Hennig Tenders. Dominion reports that the most recent production from the Misery kimberlite pipe, of the Ekati Diamond Mine in the Northwest Territories of Canada, has delivered a quantity of exceptional yellow fancy colour stones - which will be presented for sale at the upcoming auction.

Online Courses to Boost Retail Diamond Sales

Rapaport Academy, the Rapaport Group’s e-learning platform for the diamond and jewelry industry, has released two new online courses to help jewelers improve their sales. The new courses were created in response to requests from retailers looking for additional resources to help them with their marketing and sales, both online and in-store.

The new additions join an existing suite of Rapaport Academy online classes created to help professionals boost their knowledge on the practical and commercial aspects of the diamond and jewelry industry.

Luminous Collection like a signature

The new collection of earrings by Latique has a vibrancy, that echoes the designer's hallmark style. An assortment of marquise, canary yellow diamonds give each piece a character and a vivacious hue that is hard to ignore. Just like a signature Latique design, each jewel is classic yet contemporary and can adorns an ethnic

as well as a modern outfit.

Cocktail rings inspired by raindrops

This monsoon, don’t let the drizzle dim your dazzle and adorn yourself in Izaara’s statement Jewellery where each piece is expressive but not expensive. The collection of sterling silver cocktail rings captures the natural effervescence of raindrops and takes inspiration from the season of heavenly showers. Dotted along with the finest of sparkling crystals and semi-precious stones meticulously studded together in symphony.

De Beers sales rough worth US $575mn at Cycle 5

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2018. Bruce Cleaver, CEO, De Beers Group, said: "Sentiment in the diamond industry’s midstream is positive following the JCK Las Vegas trade show at the start of the month, and we continued to see good demand for our rough diamonds across the product range."

New Supervisory Board elected at Alrosa

Shareholders of Alrosa PJSC elected a new Supervisory Board to govern the company at the Annual General Meeting of Shareholders held on June 26. The Alrosa Supervisory Board was elected as 1. Nikolay Alexandrov – First Deputy Head of Suntarsky Ulus Municipal District of the Republic of Sakha (Yakutia); 2. Yegor Borisov – State Counsellor of the Republic of Sakha (Yakutia).

3. Maria Gordon – Member of ALROSA Supervisory Board, Member of the Moscow Exchange Supervisory Board (as an independent member); 4. Evgeniya Grigoryeva – Minister of Property and Land Relations of the Republic of Sakha (Yakutia); 5. Kirill Dmitriev – CEO, JSC Russian Direct Investment Fund Management Company.

Sodiam ends contract with Odyssey Holding

Sodiam announced in Luanda the end of the contract for the purchase of rough diamonds with Odyssey Holding, a company from the United Arab Emirates.

In a release to Angop reads that Sodiam has notified the legal representative of Odyssey Holding, based in Al Masraf Tower, Dubai, of the end of the contract. In the document, Sodiam justifies the need for the termination of the contract by "borrowing bank loans to finance operations abroad that, until now, only led to the declaration of losses, nullifying the expectation of earnings created by the company."