of Visitors Already
for BDW from October 8-10
Bharat Diamond Bourse (BDB) in Mumbai says more than 300 visitors from India
and overseas has already registered for the second edition of the Bharat
Diamond Week at the bourse, to take place from October 8-10. Hundreds more
buyers are expected to register in the countdown to the expanded polished
Minerals Council South Africa (Minerals Council) welcomed the launch of the
Mandela Mining Precinct and the Mining Equipment Manufacturers Association
(MEMSA). The Mandela Mining Precinct is a public private cooperation that
supports local, people-centred innovation to modernise the South African mining
partnership with MEMSA empowers the mining cluster to save and create jobs in
mining and the mining industries’ supplier industries. Speaking at the launch,
Minerals Council Vice President, Neal Froneman said: “It is very encouraging to
see that, through a learning-by-doing approach, a partnership of stakeholders
is evolving to collaborate on the many challenges we face in the journey to
expands lab-grown diamond,
jewelry screening & testing services
announced the opening of its new facility in the heart of New York City’s 47th
Street ‘Diamond District’ that will be dedicated solely to screening and
testing of diamond jewelry for undisclosed lab grown diamonds.
numbers and very successful
join Mujeres Brillantes Runaway!
happened the last week on September 12nd to 15th, Third World Meeting Mujeres
Brillantes, where several women’s jewellery has met to discuss the progress of
the association's creation in 2016 to the present day. The chosen city this
time was Madrid, Spain during the prestigious Spanish Jewelry Show, Madrid Joya
attended by members of the group from countries of Latin America and Europe.
announces the appointment of Mr Jérôme Lambert, currently Group Chief Operating
Officer, as Group Chief Executive Officer with immediate effect. Mr Lambert has
had an extensive career with Richemont, having led Jaeger-LeCoultre and
Montblanc and overseen the Group’s Specialist Watchmakers, Montblanc and the
Group’s Fashion and Accessories businesses prior to taking on the role of Group
Chief Operating Officer last year.
on the appointment, Mr Johann Rupert, Chairman of Richemont, said: “Jérôme’s
new role sees him taking responsibility for the Group’s future growth at a time
when consumer habits are changing significantly. As we position the Group to
meet these challenges, he will lead the development of strategic plans
reflecting the long-term objectives and priorities established by the Board.
& Jewellery exports grew about 23.95% YoY
overall exports (Merchandise and Services combined) in April-August 2018-19* are estimated to be USD 221.83
Billion, exhibiting a positive growth of 20.70 per cent over the same period
last year. Overall imports in April-August 2018-19* are estimated to be USD
269.54 Billion, exhibiting a positive growth of 21.01 per cent over the same
period last year.
Merchandise Trade front, Exports (including re-exports in August 2018 were US $
27.84 Billion, as compared to US $ 23.36 Billion in August 2017, exhibiting a
positive growth of 19.21 per cent. In Rupee terms, exports were Rs. 1,93,624.74
Crore in August 2018, as compared to Rs. 1,49,398.90 Crore in August 2017,
registering a positive growth of 29.60 per cent.
Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, recently
visited the Eastern Economic Forum (EEF) in Vladivostok in Russia. The visit
began with a tour of the diamond cutting and polishing factory set up by the
KGK Group of India in Vladivostok. It has a manufacturing capacity of 150,000
carats of diamond per year and employees 400 people.
facility was inaugurated by Russian President, Vladimir Putin, last year. The
Commerce Minister had discussions with KGK Group, MD, Vithal Ramani, to explore
the potential and sourcing and value addition opportunities in the diamond
trade for India.
BRICS Ministers agreed to promote SMMEs
SMMEs are potential growth engines:
agreed Partnership on Fourth Industrial Revolution
government said, BRICS Communications and ICT Ministers have agreed to help promote
the cooperation of Small, Micro, Medium Enterprises (SMMEs) from BRICS member
countries. “Key to unleashing their potential is for governments to support and
invest in the innovation and development of ICT SMMEs and the broader ICT
industry,” said a communiqué issued at the end of the BRICS meeting for
Communications and ICT Ministers.
Ministers have urged SMMEs to continue to innovate and find solutions that will
advance universal telecommunications access. The member states identified SMMEs
as potential engines for growth and job creation.
World Federation of Diamond Bourses (WFDB) has welcomed the De Beers Group's
Diamond Insight Report which shows diamond jewelry sales in 2017 at a record
$82 billion. In addition, the report finds that the Millennial and Gen Z
generations combined accounted for two-thirds of global diamond jewelry sales
is no doubt that this is a very positive and upbeat report," said WFDB
President Ernie Blom.
diamond industry can take great heart from this report which I would highly
recommend that people take the time to read. We can all learn a great deal
about how to approach and market to the younger generations because the report
contains very detailed information about the buying patterns of the 21 to 39
Millennials age group, and Gen Z of those currently 18-20-years-old.
International Institute of Diamond Grading & Research (IIDGR), a member of
De Beers Group, announced the introduction of SYNTHdetect XL, an advanced
version of the highly successful SYNTHdetect synthetic screening device
launched last year.
at the Hong Kong Jewellery & Gem Fair, SYNTHdetect XL has a larger base
unit that allows multiple volumes of jewellery to be screened simultaneously,
providing even greater efficiencies for users. It also provides the opportunity
to now scan larger necklaces, multiple solitaire rings and multiple bracelets,
while retaining the ease of use of the original device.
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