Globally Diamond jewelry grown by 7% in Q1

In Q1 2018, sales of jewelry with polished diamonds in the main global consumer markets have grown by 7% as compared to the last year. This is evidenced by the analysis conducted by Alrosa experts based on the data of retailers and the states’ national statistics.

According to Alrosa’s estimates, positive market dynamics was mostly driven by consumer interest growth and changed currency exchange rates (all figures have been modified in the Dollar equivalent). In particular, sales of diamond jewelry in North America (the USA and Canada) have increased by 5% as compared to the first quarter of the previous year. The North American market has a strong lead in jewelry sales volumes - as per the results of 2017 it accounted for 53% of total global sales.

WDC concludes key issues at KP Intersessional

At the just concluded KP intersessional meeting world Diamond Council (WDC) shared their perspective

on the issues, work and progress achieved during this intersessional. WDC also focuses on opportunities for improvement in assuring optimal implementation of our requirements and standards in part due to the very limited capacity of the present ASM.

In a reform way, WDC appreciated the approach about support for the establishment of a permanent secretariat. WDC believe is essential to deliver the long-term critical value and essential support to the reform and review proposals that will be considered and hopefully agreed upon.

Martin Rapaport to address Carats-Surat

Surat Diamond  Association (SDA) is consistently working towards the growth of diamond industry and endeavors to keep it on the forefront of the world map. In the row SDA has announced an exclusive showcase of loose diamonds ‘Carats - Surat Diamond Expo’.

The expo which will prove as a landmark event by opening new avenues for the Small and Medium scale diamond enterprises and boost B2B transactions by bringing SME’s directly in touch with big buyers.  The exhibition will be held on 10, 11, 12 July 2018 in Surat.

SBR Produced first silver from Mangazeisky project

Silver Bear Resources (SBR) announces it has produced first silver from its operations at its Mangazeisky silver project in Far East Russia. Following the initial commissioning activities, silver has been produced since April and commissioning has continued through the second quarter.

Up to mid-June this year, the Company has mined 13,436 tonnes and milled 9,545 tonnes of ore for a total of approximately 41,500 ounces silver contained in dry powder. To date the Company has sold approximately 13,300 ounces of silver at a realized price of US$16.39 Ag/oz. At this time the Company is milling lower grade material for commissioning purposes. Current and ongoing metallurgical test work at Vertikalny confirms the mining grade average of 963 g/t Ag.

Daughters take the helm at Kirk Kara

When your father is Kirk Kara, your childhood is no doubt full of sparkle. Angela Karaguezian Kassabian  and Grace Karaguezian Terezian were raised in the family business with jewelry design in their blood, and today, they’re trailblazers at the forefront of their family’s award-winning brand.

Growing up, the two sisters spent countless after-school hours at their parents’ studio, sketching and coloring their dream engagement rings. Upon graduating from college, they joined the family business and renamed it Kirk Kara, after their father (its original moniker was Something Special).

Laying foundation stone for Vanijya Bhawan

The Prime Minister, Shri Narendra Modi, today laid the foundation stone for Vanijya Bhawan, a new office complex for the Union Government’s Department of Commerce (DoC), at New Delhi.

The Prime Minister expressed confidence that the building will be completed well within the stipulated time. He emphasized that this would be in keeping with the spirit of New India, and moving away from old practices, under which important building projects, even in the Capital, had been inordinately delayed. In this context, he mentioned the Dr. Ambedkar International Centre, the Dr. Ambedkar National Memorial, the Pravasi Bharatiya Kendra and the new office building for the Central Information Commission.

HK Group celebrates IYD

2318 yoga enthusiast participated in the event

With an aim of offering peace and internal rejuvenation, Hari Krishna Group (HK Group) celebrated International Yoga Day (IYD) by organising a Yoga event for its employees with families and well-wishers, at Jio Garden, BKC in Mumbai. More than 2318 individuals participated with great zeal and supported this initiative for a healthy living.

Simultaneously, a mass yoga event was held in HK Group’s Surat office. HK Group promotes a culture of employee wellbeing, and is dedicated to empower employees with yoga to create healthier, happier lives. The organisation also conducts focussed Yoga Shibirs in Surat for a month in the first half of every year.

China at highest risk of financial crisis

In the accordance with CER, Research published by Nomura suggest that emerging markets, above all Hong Kong and China, face an acute danger of financial crises in the next few years of scopes comparable to the Asian crisis of 1997-98.

Biggest offer on hallmark gold jewellery by PNG!

Gold has always held a place of great importance in Indian tradition, and gold jewellery is treasured and passed down through generations. Heritage jewellery house PNG Jewellers is offering customers a steal on select pieces of hallmark gold jewellery, which will be available for purchase at a making charge of Rs 199 per gram of gold.

One can choose from necklaces, rings, bracelets and more in a varied range of designs. Making charges are dynamic across jewellers and depend on the intricacy of the design. For hallmark jewellery in particular, prices start at Rs 400 per gram of gold, which makes this deal from PNG Jewellers one that cannot be missed!

16th standalone store in Mumbai from Mia

Up to 20% off on Mia products

from June 22nd to June 24th

Mia by Tanishq, one of India’s most-loved jewellery brands opened their 16th standalone store in Mumbai today. Located in Phoenix Mall, Kurla and spread across an area of 277 sq ft, this is Mia’s 16th store in India. Mia has also announced an inaugural offer of up to 20% off* on Mia products along with free movie vouchers.

The store was inaugurated by Mr Arun Narayan, Regional Business Head (West). Also present were Bhavishya Kelappan, Business Head, Mia, Mr. Rajan Amba, Retail Head, Tanishq and Gaurav, Regional Business Manager (West), Tanishq.