jewelry fabrication in 2019 slipped by 1% to 201.3Moz (6,262t). Much of the
decline was down to India, where a slowing economy and an erratic monsoon hit
the all-important rural sector. A sizable drop was also recorded in China,
thanks to the trade war and poor consumer sentiment. Lastly, western
consumption was soft, reflecting such factors as competition from gold and
stale product designs.
dispute over mining rights in the Pacific island nation of Papua New Guinea
(PNG) led one of China’s biggest mining companies to accelerate a spending
spree that left it saddled with debt and facing a potential downgrade by the
three major ratings companies.
Mining Group Co Ltd has splashed more than $1.3 billion on projects at home and
abroad since April 24, when the PNG government surprised it and its Canadian
joint-venture partner Barrick Gold Corp. by refusing to renew the lease on
their mine in Porgera, in the country’s northwest.
Jewellers by Ketan and Jatin Chokshi launches
York Fashion week Fall-Winter 2020 collection in India!
Jewellers by Ketan and Jatin Chokshi, the 80- year old renowned jewellery brand
from Vadodara, launches New York Fashion week (NYFW) Fall-Winter 2020
collection in India. Narayan Jewellers new collection comprises of 7 capsule
collections. Inspired by Bibhu’s luxe designs, the collection is for a woman
who is bold, strong, independent, caring, loving and takes her own decision.
The collection truly defines an NJ Woman.
announces net sales
region for the ended the 1Q!
& Co reported its financial results for the three months ended April 30,
2020 (1Q). Worldwide net sales as reported and on a constant-exchange-rate
basis that excludes the effect of translating foreign-currency-denominated
sales into U.S. dollars were below the prior year primarily as a result of the
temporary closures of a substantial number of the Company’s stores around the
world due to the Covid-19 pandemic.
the Americas, total net sales declined 45% to $225 million, which included a
comparable sales decline of 45%. On a constant-exchange-rate basis, both total
net sales and comparable sales declined 44%. Management attributed the declines
to Covid-19 and the resulting closures of substantially all of our stores in
the region that began in mid-March and persisted through the end of the first
P Shah will be the Vice Chairman!
Committee of Administration (CoA) of the Gems and Jewelery Export Promotion
Council (GJEPC) conducted election for the period 2020 & up to 2022. Soon
after the result announced and just ahead of announcing officially at media
through proper press release the news spread in the market.
of Mines and Minerals Development Hon Richard Musukwa MP was present to accept
a donation of medical supplies by Kagem Mining Limited (Kagem) to enhance local
efforts to fight Covid-19 in Lufwanyama District.
Musukwa was joined by Copper belt Minister Hon. Japhen Mwakalombe to receive
the supplies on behalf of the government at the Nkana Health Centre built by
Kagem - operated by London-based Gemfields in partnership with the Zambian
government’s Industrial Development Corporation (IDC), which owns 25% of Kagem.
Silver Survey 2020, published by the Silver Institute. This is the 30th Edition
of the World Silver Survey, produced for The Silver Institute. The World Silver
Survey 2020 was produced by the Metals Focus team.
uncertainties presented by the COVID-19 crisis make the job of forecasting
silver market conditions over the rest of the year incredibly challenging. The
extreme markets volatility that we have seen in recent weeks is in some ways
reminiscent of the 2008 global financial crisis (GFC) and the recession that
accelerates transition to OmniChannel model; completes 100,000 virtual
consultations, reaches more than 20 million customers digitally during COVID-19
crisis! Company to leverage both its expanded digital scale and trusted jewelry
consultants for growth!
Jewelers, the world's largest retailer of diamond jewelry, announced details
about how it's reimagining the jewelry buying experience since temporarily
closing stores to help stop the spread of COVID-19. Over the last 10 weeks, the
century-old company has accelerated its transformation into a channel-agnostic
retailer, enabling store staff for the first time to serve customers from home
using technology such as chat, video, social media and virtual by-appointment
private shopping consultations.
the sale 12.11 Carats Fancy
Blue/IF Diamond Ring
Magnificent Jewels July Live Auction is announced at Christie’s Galleries,
Alexandra House, Central
is scheduled during 4th – 7th July. Christie’s Magnificent Jewels to present a
spectacular selection of dazzling diamonds and coloured gemstones for the
upcoming live auction on 9th July at Alexandra House.
to Take Place on 11 July at HK
Hong Kong Important Watches Spring Sale To Take Place on 11 July 2020 to led by
Possibly Unique, Rolex Platinum Zenith Daytona With Hardstone Lapis Lazuli Dial,
Estimated at HK$4 – 8 million / US$ 500,000 – 1,000,000.
Winning Watch from Ressence Watch Design Charity Competition, an Exceptional
Line-Up of Vintage and Contemporary Timepieces! Its’ Live Auction: 11 July ︳Public
Exhibition: 5 – 10 July at Hall 1, Hong Kong Convention and Exhibition Centre
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