NEWS

IBC Approved by President of India

IBC Approved by President of India

The President today gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. The Ordinance provides significant relief to home buyers by recognizing their status as financial creditors.  This would give them due representation in the Committee of Creditors and make them an integral part of the decision making process. 

 

It will also enable home buyers to invoke Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 against errant developers.   Another major beneficiary would be Micro, Small and Medium Sector Enterprises (MSME), which form the backbone of the Indian economy as the biggest employer, next only to the agriculture sector.

 


Minerals Council SA re-elects board!

Minerals Council SA re-elects board!

Johannesburg, 23 May 2018: Today, at the 128th Annual General Meeting of the Minerals Council South Africa (formerly the Chamber of Mines of South Africa), council members re-elected the current office bearers to serve for another term of office in 2018/2019.

 


1Q signs of stabilization for Signet!

1Q signs of stabilization for Signet!

Signet announced its results for first quarter Q1 Fiscal 2019. According to the given summary, same store sales (SSS) essentially flat with prior year Q1. GAAP diluted earnings per share (EPS) of $(8.48), including the impact of a non-cash impairment charge related to goodwill and intangibles, loss recognized on held for sale non-prime receivables and restructuring charges.

 

Company continues to expect $475 million in share repurchases in Fiscal 2019, of which $60 million were

repurchased in the first quarter. Company continues to expect sale of non-prime receivables to close in second quarter of Fiscal 2019.

 


Kagem Mining celebrates WED

Kagem Mining celebrates WED

Kabwe’s Kalonga Secondary School has scooped this year’s inter-schools World Environment Day (WED)  Quiz top prize of K15,000 of educational materials, courtesy of Kagem Mining Limited.

 

This year the focus was on finding solutions to “Beat Plastic Pollution” in order to achieve a green world.  Every year, an estimated 5 trillion plastic bags are used globally and 1 million plastic bottles are bought every minute. Plastic makes up 10 percent of all waste generated with at least 13 million tonnes of it ending up in the oceans-the equivalent of a full garbage truck being emptied every minute.


Paisley motif launched

Paisley motif launched

Reimagining the most iconic motif in stunning new forms, CaratLane, India’s leading omni-channel jewellery brand launches the ‘Paisley’ collection. From structured styles and intricate grace to bold overlays, there’s really a Paisley for every style.

 

“Using the best-in-class laser-cut technique, our designers have given Paisley a refreshing new look. With diamonds uniquely set inside gemstones, this collection has the finest designs tailored to complement every style.

 


DeBeers to drive product categorisation!

DeBeers to drive product categorisation!

GJEPC expects De Beers will drive product

categorisation and differentiation between

Synthetics and Natural Diamonds

with launch of its Lightbox Brand!

 

Through a communication addressed to GJEPC, De-Beers informed it’s foray  into synthetic diamond business with the launch of a new line of fashion jewellery in September, 2018. Simultaneously on Tuesday, De Beers through a press statement introduced Lightbox, a label selling fashion jewellery at lower prices than existing laboratory grown diamond offerings.

 



DPA’s Real is Rare Marketing Platform Sparks

DPA’s Real is Rare Marketing Platform Sparks

The Diamond Producers Association’s (DPA) inaugural paid media campaigns have garnered 1.5 billion media impressions among its target consumer audience – American adults aged 21-34 – during the first 12 months of advertising.

 

DPA spent $40 million on campaigns in the U.S. between June 2017 and June 2018. Television and digital video (43 percent) and digital and social media (42 percent) were a major focus of investment. Print (10 percent) and strategic out-of-home including cinema (5 percent) rounded out the mix. The media reached 98 percent of its core audience – on average 20 times over the course of the year.

 


 


Brazil Minerals drills for gold!

Brazil Minerals drills for gold!

Brazil Minerals drilling campaign

 

Brazil Minerals, announced strong initial results, its subsidiary Jupiter Gold Corporation expanded the drilling campaign of its Paracatu Project from 6 holes in an exploratory campaign to 25 holes in a detailed campaign. Eleven of the twelve holes already drilled have shown visual evidence of gold.

 


DMCC and Duracell Partner to Mark WED

DMCC and Duracell Partner to Mark WED

To mark World Environment Day (WED), DMCC, the world’s flagship Free Zone, and the leading trade and enterprise hub for commodities, announced a partnership with Duracell, the world’s leading manufacturer of high-performance alkaline batteries, to encourage employees to recycle their used batteries.

 

The partnership sees the rollout of designated collection battery bins across the 66 towers of DMCC’s Jumeirah Lakes Towers (JLT) district, host to over 15,000 member companies with a workforce of nearly 60,000. Towards the end of the year, Duracell will reveal the total number of batteries recycled.

 


Platinum Season of Love -3 begins from 16th May

Platinum Season of Love -3 begins from 16th May

After two successful editions of ‘Season of Love’, Platinum Guild International (PGI) is all set to commence its third edition starting 16th May to 17th June 2018. Platinum ‘Season of Love’ is an exclusive in-store festival for consumers held at key retail stores across India that offers them an incredible platinum experience. With a bouquet of extraordinary offers, it is an opportune time for the customers to buy platinum jewellery and win exciting rewards in true platinum style.

 

The third edition of Platinum ‘Season of Love’ will be bigger and better than before as it brings with it a chance to win Platinum Evara jewellery worth Rs3 lakhs, a romantic holiday worth Rs50,000 and a 5-star dinner experience worth Rs5,000.

 


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