Amalgamation of three banks approved!
First-ever 3way consolidation of banks
into force on April 1
approves first-ever three way merger in Indian Banking with amalgamation of
Vijaya, Dena and Bank of Baroda!
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 US$ 475 billion in 2018
Trading volume grew up 28% YoY at DGCX
best performing asset classes
2018 were the Indian Rupee
Riwayat redefines the brand’s mastery
magnificent collection of bridal jewellery
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
Old world charm by925 Silver Jaipur
Splendid collection of antique jewellery
of ever-changing trends!
out and make a statement!
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.
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.
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.”
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
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.
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.
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.
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.
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.
‘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.
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.
Diamonds will be holding the viewings of its next Tender of Polished Diamonds
at the Laurelton Diamonds offices in New York, USA. The Tender will include a
selection of Single GIA certified stones and grouped lots of GIA certified and
non-certified polished diamonds. These include round and fancy shapes in sizes
ranges from caraters to melee. There will also be a range of Yellow Polished
diamonds in a variety of shapes and sizes.
to Laurelton, the tender is scheduled from Monday 7th January to Wednesday 9th
January in New York, USA. Viewing appointments can be booked from 9:00-17:00
(max 4hrs / excluding weekends). Interested new clients in viewing the Tender
have to contact Laurelton Diamonds. Existing clients may contact Laurelton to
book an appointment on the usual numbers.
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