NEWS
Surat: The Gem
& Jewellery Export Promotion Council (GJEPC), Surat organised a seminar on
‘Demonetization and Opportunities for G & J Sector’ on Jan 3, 2017. The
seminar, which was the second on the theme held by GJEPC in the city, saw a
large turnout of diamantaires, especially many of the smaller manufacturers who
are facing problems as a result of the recent policy change.
Mumbai: The
Indian Commodity Exchange (ICEX) is set to launch trading of diamond futures
with a view to helping the industry hedge against wild fluctuations in polished
prices.
Thrissur: Kalyan
Jewellers, India’s leading and trusted jewellery brand will continue to invest
in enhancing its presence in the domestic and international markets in 2017.
Kalyan Jewellers which launched 17 showrooms in 2016, plans to invest over Rs.
500 crore in 2017 towards its network expansion to open 15 new showrooms.
New
York: Google has confirmed it will launch two flagship smartwatches next year,
which will be the first to run Android 2.0.
London:
Lab-grown red diamonds with an atomic defect could one day replace GPS systems
thanks to their remarkable sensitivity to magnetic waves, according to
scientists at Element Six which is majority owned by De Beers.
Syracuse:
International diamond experts and ALROSA will discuss coloured diamonds during
a Mediterranean Gem Conference, which will be held in Syracuse, Italy on May
11-14, 2017.
Hong
Kong: Retail sales of jewellery and other luxury items in Hong Kong slumped in
November as tourist arrivals continue to dwindle.
Ramat Gan: Israel’s polished diamond
exports declined in 2016 even as sentiment improved in December.
Shanghai: Late last week, the Shanghai Gold
Exchange (SGE), now the world's largest exchange for physical trading in
bullion, announced a cap on the amount of gold that can be traded in one single
transaction. The order, which became effective on January 1, 2017, limits the
size of one single transaction in pure gold to 500 kg, down from the 1,000 kg
that was permitted earlier.
New York: Christie’s Chief Operating
Officer (CEO) Patricia Barbizet passed on the baton to Guillaume Cerutti on
January 1, 2017. The - impending - changeover was announced in a press
statement last month.
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