NEWS

Hallmark makes it gold!

Hallmark makes it gold!

Bureau of Indian Standards (BIS) just launched their latest gold Hallmarking awareness campaign that speaks to consumers through popular media like electronic, print and digital. A holistic marketing campaign aims to create awareness amongst consumers to buy Hallmarked gold during festive season.

 

The effort of raising awareness around Hallmarking is rooted in true-to-life stories that consumers can relate to. The stories for every medium are different and the messages for hallmarking have a refreshed approach. The television commercial showcases connect of gold across generations, geographies and occasions.

 


De Beers events that set the sustainability

De Beers events that set the sustainability

Two significant De Beers Group gatherings were held this month, highlighting the Group’s role in setting the agenda on sustainability and hearing from researchers on topics that are critical to our commitment to protecting the natural world. First, there was the Sustainability Conference and then, two weeks later, came the 9th Oppenheimer-De Beers Group Research Conference, both held at the Group’s Johannesburg campus.

 

The Sustainability Conference’s theme was building De Beers Group to be fit for the future. It provided the opportunity for delegates to share, engage and network, and raised awareness on the link between sustainability and the company’s strategy, including our brand, people and approach to innovation. Delegates were able to gain an understanding of the Group’s sustainability priorities and key programmes to drive zero harm and increase positive contributions to society.


Karishma Kapoor inaugurates store in Pimple Saudagar

Karishma Kapoor inaugurates store in Pimple Saudagar

Following the success of its first franchise store in Aundh, India’s most trusted jewellery brand PNG Jewellers inaugurated their 2nd franchise store within 15 days in Pimple Saudagar today. Inauguration of the store was done by Karishma Kapoor, she one of the crowned jewels of the Bollywood legacy family. The new store will offer a wide range of PNG's signature gold, silver and diamond jewellery.

 

Spread 700 sq ft, this franchise store is spacious and offers some of the most classic yet contemporary jewellery designs for new age women. Strategically located at Shivar Chowk in Pimple Saudagar, it is a developing residential area that attracts a newer population of the city and hence makes it an obvious location for PNG to have another store which will increase their customer base.

 


TBZ-The Original enters Punjab

TBZ-The Original enters Punjab

After the successful launch of its first store in North India at Noida, TBZ – The Original has now opened a new store in the land of 5 rivers, Punjab. Ludhiana, the city known for its pomp and splendor and equally for its traditional roots is a perfect fit for TBZ – The Original which is India’s most trusted and well- known Jewellery brand known for dazzling collections and a legacy of purity & tradition that goes back 154 years.

 

TBZ- The Original also brings to consumers an exciting offer of NO making charges on all Diamond Jewellery plus a special offer of only Rs. 225 per gram on making charges for all Gold Jewellery. The first 50 buyers will get a FREE GOLD COIN. Walk in for an amazing experience and stunning offers while celebrating design and craftsmanship!

 


India jumps to 23 in EoDB

India jumps to 23 in EoDB

The World Bank released its latest Doing Business Report (DBR, 2019) today in New Delhi. India has recorded a jump of 23 positions against its rank of 100 in 2017 to be placed now at 77thrank among 190 countries assessed by the World Bank. India's leap of 23 ranks in the Ease of Doing Business ranking is significant considering that last year India had improved its rank by 30 places, a rare feat for any large and diverse country of the size of India. As a result of continued efforts by the Government, India has improved its rank by 53 positions in last two years and 65positions in last four years.

 

The Doing Business assessment provides objective measures of business regulations and their enforcement across 190 economies on ten parameters affecting a business through its life cycle. The DBR ranks countries on the basis of Distance to Frontier (DTF), a score that shows the gap of an economy to the global best practice. This year, India’s DTF score improved to 67.23 from 60.76 in the previous year.

 

India has improved its rank in 6 out of 10 indicators and has moved closer to international best practices (Distance to Frontier score) on 7 out of the 10 indicators. But, the most dramatic improvements have been registered in the indicators related to 'Construction Permits' and 'Trading across Borders'.

 

In grant of construction permits, India's rank improved from 181 in 2017 to 52in 2018, an improvement of 129 ranks in a single year. In 'Trading across Borders', India's rank improved by 66 positions moving from 146 in 2017 to 80in 2018. The changes in six indicators where India improved its rank are as follows:


S. No.

Indicator

2017

2018

Change

1

Construction Permits

181

52

+129

2

Trading Across Borders

146

80

+66

3

Starting a Business

156

137

+19

4

Getting Credit

29

22

+7

5

Getting Electricity

29

24

+5

6

Enforcing Contracts

164

163

+1

Overall rank

100

77

+23

 

 

 

 

 

 

 

 

 

 

 

 

 




The important features of India's performance this year are:

 

•              The World Bank has recognized India as one of the top improvers for the year.

•              This is the second consecutive year for which India has been recognized as one of the top improvers.

•              India is the first BRICS and South Asian country to be recognized as top improvers in consecutive years.

•              India has recorded the highest improvement in two years by any large country since 2011 in the Doing business assessment by improving its rank by 53 positions.

•              As a result of continued performance, India is now placed at first position among South Asian countries as against 6th in 2014.

 

 Indicator wise highlights of India’s performance are:

 

A.            Construction Permits –

a.             Procedures reduced from 37 to 20 in Mumbai and from 24 to 16 in Delhi

b.             Time reduced from 128.5 to 99 days in Mumbai and from 157.5 to 91 days in Delhi

c.             Building quality control index improved from 12 to 14 in Mumbai and 11 to 14 in Delhi

d.             Cost of obtaining construction permits reduced from 23.2 percent to 5.4 percent

e.             DTF score improved from 38.80 to 73.81

  

B.            Trading Across Borders:


Commissioning of new diamond mine

Commissioning of new diamond mine

Lucapa Diamond Company announces the commissioning of the 1.1Mtpa treatment plant has commenced at the high-quality Mothae kimberlite diamond mine in Lesotho. First commercial diamond recoveries are expected from the Mothae mine in early November 2018, complementing production from the high-quality Lulo alluvial diamond mine operated by Lucapa in Angola.

 

Production from the 1.1Mtpa Mothae treatment plant, which incorporates two XRT diamond recovery circuits, will be ramped up to its nameplate capacity throughout the December Quarter. Selection of Mothae bulk sampling diamonds, including Specials of up to 89 carats, from the 2,500 carat parcel exported to Antwerp in the September 2018.

 


 

Petra produces 1068140 carats in Q1

Petra produces 1068140 carats in Q1

Petra Diamonds Limited announces unaudited result for the period for Q1 FY 2019. According to the highlights, Q1 production registered up 21% to 1,068,140 carats (Q1 FY 2018: 883,803 carats), mainly driven by a 25% increase in ROM production across the operations to 1,022,571 carats (Q1 FY 2018: 815,571 carats), offset by planned reductions in tailings recoveries at Finsch.

 

Q1 revenue up 22% to US$80.2 million from 626,541 carats sold (Q1 FY 2018: US$65.8 million from 586,571 carats sold). Diamond prices for Q1 on a like-for-like basis were down ca. 5% in comparison to FY 2018 due to the usual seasonal weakness, but partially offset by the improvement in product mix.

 


Richemont and Alibaba moves to JV

Richemont and Alibaba moves to JV

Richemont, the Swiss luxury goods group, and Alibaba Group today announce a global strategic partnership to bring the retail offerings of Yoox Net-A-Porter Group S.p.A. (YNAP), the world’s leading online luxury retailer, to Chinese consumers.

 

Under the partnership, YNAP and Alibaba will establish a joint venture (JV) to launch two mobile apps for YNAP’s Net-A-Porter and MR PORTER multi-brand, in-season online stores for consumers in China. Alibaba will provide technology infrastructure, marketing, payments, logistics and other technology support to the JV. The partnership will also leverage YNAP’s strong relationship with leading luxury brands, some 950 of them being currently distributed through YNAP in China.

 



Adorn with New Nakshi Collection

Adorn with New Nakshi Collection

Festive jewellery is a valued possession that is timeless and can be treasured forever and this festive season, the most trusted heritage jewellery brand PNG Jewellers has launched a special collection for the season called the ‘Nakshi Collection’ inspired by traditional Maharashtrian Paithani. Designing jewellery that is classic yet contemporary is what PNG Jewellers stands for.

 

There is a myth in people’s mind that traditional jewellery is not fashionable. PNG Jewellers has come up with Nakshi Collection to break that myth and state that traditional is not cliché but classic.  Nakshi means carvings or curved designs, these designs are seen on the borders of Paithani Saree. Paithani Saree is considered to be the most regal attire that carries family legacy and traditions; PNG Jewellers has tried to depict the same in the designs of the collection.

 


Enchante 10 held in Lucknow!

Enchante 10 held in Lucknow!

Luxury Jewellery brand Aisshpra Gems & Jewels is back with their most anticipated annual jewellery exhibition and sales event titled Enchante 10 at Aisshpra Jewellery Boutique in Lucknow. The two-day event inaugurated by the graceful presence of Mr Umang Agarwal, Director-Aisshpra Jewellery Boutique in October was held in Lucknow and set its benchmark of brilliance several notches higher with its display of heritage and antique jewellery for modern Indian brides and their entourages alike.

 


 

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