Branded cut now be included on GIA reports

GIA (Gemological Institute of America) laboratory clients can now participate in GIA’s Proprietary Cut Program for diamonds with branded cut names. GIA grading reports for diamonds submitted as part of this program will include the branded name of the proprietary diamond cut with the diamond shape and cutting style description.

Clients that would like to participate in this program will be required to provide supporting documentation, including diamond facet arrangement. Only clients who have completed the documentation will be able to submit diamonds as part of this program. For more information or to apply for this program, clients should contact their client services representative.

The Forevermark Black Label Collection!

Om Jewellers, a brand that embodies trust has launched the Forevermark Black Label Collection, a new generation of diamonds, cut with supreme symmetry and unprecedented accuracy to release a dazzling light.

A diamond’s beauty is intrinsically related to light and how it travels within the diamond. As a result, Forevermark, the diamond brand from The De Beers Group of Companies, are using state-of-the-art technology to maximize the brilliance of a diamond, delivering unrivalled sparkle in every cut. The Forevermark Black Label Collection is the result of years of research by diamond experts that have defined a new standard of excellence for both round and fancy shape diamonds.

Sparkle this summer with fine jewels

Swing into the summer season with Sotheby’s: our Fine Jewels and online sales bring together a fabulous array of jewels for every occasion. The sales will offer pieces from across the decades – from antique jewels through 1920s chic to contemporary glamour – including eye-catching accessories for daytime as well as elegant evening jewels.

From decorative creations to emblematic pieces by world-famous jewellery icons such as Cartier, Van Cleef & Arpels, Bulgari and JAR, collectors with an eye for stylish design and quality will be spoilt for choice. The auction to be on June 6 at London later Geneva & Onlone too!

Special Refund Fortnight announced!

Effective from 31.05.2018 to 14.06.2018

Refunds of GST have been a concern for both the Government and Trade for the past several months. Till now, the Government has sanctioned more than Rs 30,000 crore as GST Refund. This includes an amount of Rs 16,000 crore of IGST and Rs 14,000 crore of ITC.

The figures of ITC include sanction by both the Central and State Governments. Contrary to the press reports that there has been a dip in refund sanction after the first Refund Fortnight in March 2018, the refund sanctioned during May 2018 is to the tune of Rs 8,000 crore.

Economy India is the fastest in the globe!

Q4 Estimates of GDP a reflection of continuing momentum of growth: Economic Advisory Council to Prime Minister

The Chairman of the Economic Advisory Council to the Prime Minister; Dr. Bibek Debroi has said that the provisional Estimates of Annual National Income, 2017-18 & Fourth Quarter (Q4) Estimates of National Income, (Jan-Mar 2018) are a reflection of the fact that the momentum in growth trajectory continues.

95 Carat Gem Diamond from Gahcho Kué

Mountain Province Diamonds announces the recovery of a 95 carat gem diamond from the Gahcho Kué mine located in the Northwest Territories, Canada. The diamond was included in the fancies and specials parcel acquired by Mountain Province in the most recent Gahcho Kué production split.

The diamond recovered was a 95 carat white octahedron of top clarity.  It is the largest gem quality stone and fourth largest stone recovered from the mine since production commenced just under two years ago.

Aysen S. Nikolaev, new Acting Governor for Sakha

Aysen S. Nikolaev, who until recently served as the Mayor of Yakutsk, capital of the Republic of Sakha (Yakutia) Republic, was appointed as acting Governor of the Republic of Sakha by Vladimir Putin, President of the Russian Federation.

Nikolaev, who holds M.A. degrees in Physics and Finance, takes a keen interest in the international diamond industry and trade, has travelled widely and visited, almost without exception, all diamond manufacturing and trading centers. His recent visit to Israel was coordinated by Alex Popov, President of the Moscow Diamond Exchange.

Sarine opens Laboratory in Mumbai

Sarine Technologies announced that it is opening its second Sarine Technology Laboratory in Mumbai, India,

as scheduled, which will offer services to the key Indian polishing centre, commencing immediately.

The Sarine Technology Laboratory offers reports on the broadest range of a polished diamond's parameters available in the market today, including AI-based automated 4Cs grading, diamond authentication, treatments verification, light performance, the Sarine Diamond Journey rough to polish documentation, advanced interactive diamond imaging of various magnifications and perspectives and more.

US Beautiful Quarters launches on June 14

The United States Mint and the National Park Service will hold a launch ceremony for the America the Beautiful Quarters Program coin honoring Voyageurs National Park in Minnesota.

Event highlights include music performances by International Falls native Gavia Yount and local artist Darcy Sullivan. Additional ceremony participants include Boy Scouts of America Troop. A coin exchange of $10 rolls of Voyageurs National Park quarters will follow the ceremony.

Imports and exports by post

Customs and Postal Department on streamlining

Customs and Postal Department hold First ever Joint Conference to deliberate on streamlining imports and exports by post; To cater to the SMEs and to boost the Make in India program, Customs Department proposes new simplified procedures for exports through India Post.

Indian Customs and Department of India Posts held a First ever Joint Conference at Vigyan Bhavan in New Delhi yesterday to deliberate on streamlining of imports and exports by post. Commissioners of Customs from all the States having Foreign Post Offices (FPOs) were present along with their counterpart Post Master Generals.