When sun is shining, fix the roof!

India's growth rising from 7.4 percent in '17-'18 to 7.8 percent in 2019

The growth momentum and the structural reform momentum

should continue despite the election period!

 

Changyong Rhee, Director of the Asia and Pacific Department at the International Monetary Fund (IMF), expressing on Modi government for the area of reforms while he shared the main economy outlook for Asia based on the, forthcoming publication, Asia and Pacific Regional Economy Outlook which will be launched on May 9 in Hong Kong.

 

Risk around the forecast broadly are balanced for now but over the medium term, downside risks dominate, including from a tightening of global financial conditions, a shift toward inward looking policies and an increase in geopolitical tensions.

 

 

 

 

Intra-State e-way bills rolled over six more states!

As per the decision of the GST Council, e-Way Bill system for all inter-State movement of goods has been rolled out from 01st April, 2018. As on 15th April, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Gujarat, Karnataka, Kerala, Telangana and Uttar Pradesh.

E-Way Bills are getting generated successfully and till 17thApril, 2018 more than one crore thirty three lakh e-Way Bills have been successfully generated which includes more than six lakh e-Way Bills which have been generated for intra-State movement of goods from 15th to 17th of April, 2018.

A support to artisanal mining!

Partners with the Diamond Development Initiative to trial GemFair
 
De Beers Group announced it is preparing to pilot a programme called GemFair to create a secure and transparent route to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds.
 
GemFair will use dedicated technology to record ASM production at mine sites that meet demonstrable ethical standards, with the aim of purchasing of rough diamonds from approved locations while helping improve working conditions and livelihoods for those working in the sector.
 

Letšeng mining lease extended up to 2034

According to the Gem Diamonds Lesotho Mining Roundtable event held as part of The Commonwealth Heads of Government Meeting (CHOGM) & the Honourable Prime Minister of Lesotho and the Honourable Minister of Mining announced their intention to renew the Letšeng mining lease until 2034.

The mining lease may be further extended if necessary in relation to any underground development of the mine thereafter.

Firestone Diamonds recovers 572320 cts YTD

Firestone Diamonds, operations focused in Lesotho, provides its quarterly update on operations at its Liqhobong Diamond Mine for the quarter ended- 3Q 2018 FY Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho.
 
According to the 3Q 2018 FY report, Firestone Diamonds have attained a solid operational performance despite challenging conditions & recoveries remained 6.6% higher than Q2 at 192,604 carats, resulting in a year-to-date (YTD) 572,320 carats.
 

Spring Summer 2018 Collection

When we think spring, there are certain ideas and aspects that come to our mind. We think about colourful butterflies fluttering their wings, flowers coming in to their full bloom, the beautiful, crisp green colour of leaves on a tree, the sound of a river flowing and that beautiful aroma of mother earth.
 
Spring is the period of charming weather. It’s only fair that we too have a new charming collection out there. Archana Parasrampuria jewellery is inspired by Mother Nature. We carefully examine the shapes and movements of petals and leaves and try to inculcate them with eclectic design and fine craftsmanship.
 

3rd DDES during 23 to 25 April

In the recent past, there has been increase in production of gem quality synthetic stones. There has also been rise in cases of instances faced by buyers finding that the diamonds they had purchased as believing to be Natural Diamonds were actually discovered later to be Synthetic Diamonds.

In light of the seriousness of such allegations, the GJEPC saw it as a critical responsibility to study the issue of undisclosed mixing in more detail and then outline any actions that may be required to address it. With this in mind, the Natural Diamond Monitoring Committee (NDMC) was formed at GJEPC. NDMC consists of representatives from the GJEPC, BDB, GJF, GIA and other Trade Bodies in the Gems & Jewellery sector.

A new challenge of synthetics with irradiation?

IIDGR confirms with full confidence,

their instruments can detect!

According to the claim made by the Diamond Services, the Hong Kong-headquartered developer of technological systems and services for detecting synthetic, imitation and treated diamonds, has issued a worldwide alert to the jewellery and gemstone trades stating that research it has conducted indicates that synthetic diamonds, which have created under conditions of High Pressure-High Temperature (HPHT) and then subject to irradiation treatment, may be escaping detection by many of the screening devices available in the market that are testing diamonds at room temperature.

Diamond Services says, “The trade alert refers specifically to readily available detecting devices that examine diamonds at room temperatures, screening out stones that display phosphorescence after being exposure to an ultraviolet (UV) source.

The return of positive sentiment!

Somasundaram P R, MD, India, World Gold Council said on gold demand for this Post Akshaya Tritiya that,      “ Gold has a special place in the Akshaya Tritiya 2018 celebrations and this year too, activity points to the return of positive sentiment. The gold market is more stable now following the remonetisation of the economy and significantly improved compliance following the transition to the GST environment.

The seasonal wedding demand coupled with online and digital forms of buying gold that are becoming increasingly popular, augur well for sustainable growth compared to last year. In addition, the government’s announcement at the union budget that it intends to formulate a comprehensive gold policy to develop gold as an asset class supports the gold industry’s efforts to enhance their credibility and amplify gold’s economic potential for the country.

Akshay Tritiya rocks over 30% YoY!

According to the average sales registered by jewellers in general is over 30% YoY! According to Ishu Datwani, Founder, Anmol – “The customer sentiment this Akshaya Tritiya has been very good. The footfalls have been high since morning & we have done great sales especially in gold jewellery. We did 25% higher sales this Akshaya Tritiya, compared to last year”.

Aditya Pethe, Director, WHP Jewellers said, “So far, the season has been good and the customer’s reaction has been encouraging this Akshaya Tritya. We have seen a 25 to 30% hike in footfall year. There was a demand for lightweight gold jewellery amongst buyers during this festive season amongst buyers. Akshaya Tritiya sets the mood for the rest of the year as it is followed by wedding season so we hope that the rest of the year will too be positive for the industry”.