NEWS

1st PMI of the New Year in Coimbatore announced!

1st PMI of the New Year in Coimbatore announced!

The Smart Commerce City to host 1st PMI of 2019

 

GJC to host 1st PMI of 2019 in Coimbatore

 

150 jewellers to gather in

the Smart Commerce City

 

PMI to be held on 8th to 10th January!

 


First-ever three way merger in Indian Banking

First-ever three way merger in Indian Banking

Amalgamation of three banks approved!

 

First-ever 3way consolidation of banks in India

 

Three Banks merger

come into force on April 1

 

Cabinet approves first-ever three way merger in Indian Banking with amalgamation of Vijaya, Dena and Bank of Baroda!

 

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the scheme of amalgamation for amalgamating Bank of Baroda, Vijaya Bank and Dena Bank, with Bank of Baroda as the transferee bank and Vijaya Bank and Dena Bank as transferor banks.

 


 


DGCX traded 22,260,136 lots in 2018

DGCX traded 22,260,136 lots in 2018

DGCX traded US$ 475 billion in 2018

 

Trading volume grew up 28% YoY at DGCX

 

The best performing asset classes

in 2018 were the Indian Rupee

 


Riwayat by TBZ- The Original For every bride and bridal trousseau

Riwayat by TBZ- The Original For every bride and bridal trousseau

Riwayat redefines the brand’s mastery

 

TBZ-The Original, unveils

a magnificent collection of bridal jewellery

 

TBZ-The Original, India’s most trusted and iconic jewellery brand unveils a magnificent collection of bridal jewellery. Taking inspiration from the regal era, the range has been meticulously designed to perfection with splendid jewels and stones. Riwayat redefines the brand’s mastery over exemplary designing and innovation to suit varied preferences like never before. The marvellous designs with a dash of Indian heritage are now here to make every bride’s dream come true.

 


Vintage Bliss by 925 Silver Jaipur

Vintage Bliss by 925 Silver Jaipur

Old world charm by925 Silver Jaipur

 

Splendid collection of antique jewellery

 

Age of ever-changing trends!

Stand out and make a statement!

 

925 Silver Jaipur, the one-stop destination for unique and hand-made authentic silver jewellery, unveils a splendid collection of antique jewellery. Tastefully curated with picture-perfect detailing, the collection is an ode to the alluring and enlivening from the beautiful pink city – Jaipur.

 


GIA Jammu seminar on gemstones!

GIA Jammu seminar on gemstones!

To help ensure public trust in gems and jewellery, GIA India organised an education seminar on “Allure of Ruby, Sapphire and Emerald” for members of the trade in Jammu on Dec. 21. More than 40 members from Sarafa Association, Jammu, attended to gain important information on the big three gemstones. GIA Instructor Rahul Ladiwal shared insights on the finest colours, best quality, sources, treatments and synthetics of rubies, sapphires and emeralds.

 

Vijay Kumar Verma, General Secretary, Sarafa Association, Jammu, said, “The seminar organised by GIA India was very informative for all the members of the association and will help us in buying and selling coloured gemstones.”

 


OPIC investments in Botswana diamond manufacturing

OPIC investments in Botswana diamond manufacturing

Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne visited Botswana, where he met with local banks to discuss investment opportunities to advance development in the country, and visited OPIC-supported projects.

 

Among the projects Washburne visited was an OPIC-supported diamond cutting and polishing facility that has promoted local job creation and diversified economic growth by bringing more value-added parts of the diamond industry into the country. Historically, diamonds mined in Botswana and elsewhere were sorted, marketed and manufactured in other countries.

 


Mozambique Planning to Certify Diamonds

Mozambique Planning to Certify Diamonds

From 2019, Mozambique may have its own executive secretariat for the certification of diamonds. According to a report on Radio Mozambique, the Minister of Mineral Resources and Energy, Max Tonela, said the new body will be charged with certifying the origin of any diamonds found in Mozambique.

 

Mozambique is already a signatory to the Kimberley Agreement. The Kimberley Certification Scheme was set up in 2003 to prevent conflict diamonds also known as blood diamonds, from entering the mainstream diamond market. The purpose of the scheme was to ensure that the diamond trade was not financing violence by rebel movements seeking to overthrow legitimate governments.

 


Stargems sign MoU with HRD

Stargems sign MoU with HRD

DMCC welcomes MoU signing between Stargems DMCC and HRD Antwerp to establish diamond jewellery grading lab in Almas Tower! HRD Antwerp, a European leading authority in diamond certification, has entered a partnership with Dubai-based jewellery retailer Stargems to certify their entire jewellery inventory through the establishment of a diamond jewellery grading lab. This cooperation will ultimately ensure the transparency and authenticity of each jewellery piece.

 

As a result of the collaboration, HRD Antwerp will open its first diamond jewellery grading lab in the Middle East, located inside Turkish Trade Center (TTC) in Almas Tower in the DMCC Free Zone. HRD Antwerp’s laboratories use the most sophisticated technology and rely on the extensive expertise of their in-house research department to certify diamonds. With this new partnership, HRD Antwerp aspires to expand its presence in the Middle East by targeting some of the largest and most promising diamond markets.

 



Real GDP growth to fuel US demands!

Real GDP growth to fuel US demands!

‘The Global Diamond Industry 2018, A resilient industry shines through’ report focuses on supply and demand model. Bain report says, Based on our analysis, we expect natural rough diamond supply to change at an average annual rate of negative 1% to 1% in volume terms through 2030. We expect demand to grow 0% to 2% in real value terms during the same time frame.

 

Our current outlook versus the forecast from the previous year incorporates revised macroeconomic forecast, possible demand substitution from lab-grown diamonds, and reflects fundamental supply and demand factors rather than short-term fluctuations. The short-term supply-demand balance depends on the actions of major producers and efficiencies along the diamond pipeline.

 


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