NEWS
Building
on more than 80 years of industry-leading gemological education programs and
more than 60 years of scientific research into natural, treated and synthetic
diamonds, GIA (Gemological Institute of America, Inc.) will offer a new
synthetic diamond seminar at GIA locations around the world beginning in Hong
Kong on June 19, just before the Hong Kong Gem Show.
This
one-day program, taught by GIA research scientists and experienced classroom
instructors, will combine lectures with practical lab instruction, including
the latest GIA instrumentation for differentiating natural diamonds from CVD
and HPHT synthetic diamonds and diamond simulants.
Update
2: In an effort to develop new trust and understanding at a cultural, business
& professional level and to explore future business opportunities, GJEPC
organised the 3rd edition of India SAARC-Middle East (ME) Buyer-Seller Meet
(BSM) during the 29th April & up to 1st May, 2018 at Hyderabad.
The
product profile for the BSM remained a Plain Gold & Diamond Studded
jewellery & Precious stone studded jewellery. GJEPC Chairman, Pramod
Agrawal said, “GJEPC has always endeavoured to promote trade from India to
showcase their best potential in the category they represent, be it Diamonds,
Gemstones or Jewellery. India SAARC ME BSM
is one such initiative in that direction where we have invited potential
international buyers from across the world.
GJEPC
in association with
BDB
organized the 3rd Edition
Update
3: The 3rd Edition of Diamond Detection Expo & Symposium (DDES) organized
by The Gem & Jewellery Export Promotion Council (GJEPC) in association with
Bharat Diamond Bourse (BDB), was the business Expo & Symposium was managed
well to improve detection technology for the diamond industry.
Mr
Edgard D Kagan, Consul General, United states of America, Shri Pramod Agarwal,
Chairman, GJEPC, Shri. Anoop Mehta, President and Shri Mehul Shah, Vice
President from Bharat Diamond Bourse and several other dignitaries from Gem and
Jewellery sector were present at the inauguration ceremony of DDES 2018.
46
carat pink is the largest gem quality
coloured
diamond recovered from Lulo
Lucapa
Diamond Company and its partners, Empresa Nacional de Diamantes E.P. and Rosas
& Petalas, are announces the recovery of a large gem-quality 46 carat pink
diamond from the Lulo Diamond Project in Angola.
Sarine
Technologies Ltd announces that the leading Japanese jewellery company K-Uno is
the first retailer in the world to adopt the new Sarine 4Cs diamond report –
the world's first artificial-intelligence based, technology driven automated
grading report.
K-Uno,
a leader in Japan's jewellery retail market, is known for its innovation. The
introduction of Sarine’s 4Cs grading reports in the K-Uno chain was announced
last week at the company's flagship store in the Ginza, Tokyo and is currently
being rolled out to all K-Uno stores across the country.
According
to the The Gold Demand Trends Q1 2018 report, World Gold Council (WGC), gold
demand had a soft start to 2018, reaching 973 tonnes (t), the lowest first
quarter since 2008. This was largely caused by a fall in investment demand for
gold bars and gold-backed exchange-traded funds (ETFs), as a subdued gold price
environment hampered demand.
Global
jewellery demand was roughly flat at 488t, down 1% on Q1 2017. Demand in China
was buoyed by holiday demand, and US demand continued to improve in response to
the supportive economic backdrop. In contrast, Indian consumers were
discouraged by rising gold prices, exaggerated by a weakening rupee, with
demand down 12% compared with 2017.
Indian
jewellery demand saw a sharp downturn in Q1 2018
According
to the data & details -India Demand Statistics for Q1 2018, released by
WGC, demand for gold in India for Q1 2018 was at 115.6 tonnes down by 12% as compared
to overall Q1 demand for 2017 of 131.2 tonnes.
India’s
Q1 2018 gold demand value was Rs 31,800 crores, a fall of 8% in comparison with
Q1 2017 of Rs 34,440 crores. Total Jewellery demand in India for Q1 2018 was
down by 12% at 87.7 tonnes as compared to Q1 2017 at 99.2 tonnes.
Kalasha
Fine Jewels, a revered jewellery brand captures the elegance of twirling
blossoms in an exquisite range of Cocktail Rings. Inspired by the botanical
abundance of Valleys in Uttarakhand, every individualistic design is a sheer
depiction of eloquent motifs of floral and foliage, defined in the majesty of
18 K rose gold and encrusted with a myriad of fine diamonds set along in
symphony.
This
collection is a composition of modern art that blends with the time-travelled
craftsmanship of Kalasha, the curators of fine jewels with more than a
century’s experience. Each unique design is precisely crafted in aesthetics
including the golden rose and enchanting tulips and intricately captures the
tender and twirly essence of floral beauty.
Abharan
Jewellers launches its latest rage of festive jewellery called ‘The Taarika
Collection’. It’s a collection that captures the festive mood with its
intricate and delicate ornamentation, mesmerizing patterns and exquisite
designs.
Inspired
by nature’s flora and fauna, the collection showcases motifs like colourful
pearls, rose corals, wild flowers and celestial birds. The Taarika Collection
brings to light the sheer brilliance of filigree work, Rajasthani hand painting
and Abharan’s eye for detail.
Study
Shows Tariffs Against China
Would
Destroy Thousands of American Jobs
The
Trump administration’s proposed tariffs on $50 billion of Chinese imports,
coupled with retaliation promised by China, would reduce U.S. gross domestic
product by nearly $3 billion and destroy 134,000 American jobs, according to a
new study released today by the National Retail Federation and the Consumer
Technology Association. The report finds that four jobs would be lost for every
job gained.
“As
administration officials prepare to head to China for trade talks, the
livelihoods of American workers hang in the balance,” NRF President and CEO
Matthew Shay said. “We hope this is the start of a serious negotiation process
that leads to a more open Chinese market and protects U.S. jobs and economic
growth. We must resolve this trade dispute without resorting to job-killing
tariffs and retaliation.”
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