moves to enhance bank recapitalisation outlay to Rs. 1,06,000 crore in the
current financial year
today moved proposal in Parliament for enhanced bank recapitalisation outlay from
Rs. 65,000 crore to Rs. 1,06,000 crore in the current financial year to propel
economic growth, cementing India’s position as the fastest growing economy of
would enable infusion of over Rs. 83,000 crore in the coming few months in Public
Sector Banks (PSBs).
enhanced provision is aimed at: (1)
Meeting regulatory capital norms, (2)
Providing capital to better-performing PCA Banks to achieve 9% Capital
to Risk-weighted Asset Ratio (CRAR); 1.875% Capital Conservation Buffer and the
6% Net NPA threshold, facilitating them to come out of PCA.
Mining announces the results of its final tender and sale of rough diamonds for
the Company’s third fiscal quarter ending December 31, 2018. The Company tendered 2,256.52 carats of rough
diamonds recovered from resumed processing exercises at the Company’s Krone-Endora
at Venetia Project, of which 1905.07 carats were sold for gross proceeds of USD
$303,138.39, resulting in an average price of USD $158.60 per carat for the
rough diamonds tendered and sold. The
balance of 351.45 carats will be tendered along with additional rough diamonds
delivered by the Company in January of 2019.
this final tender of the fiscal quarter complete, total rough diamonds tendered
and sold during the Company’s third fiscal quarter ending December 31, 2018
will be 7,162.21 carats, for gross proceeds of USD $1,401,322.01, resulting in
an average price of USD $195.66 per carat for the period.
Diamonds Belgium BVBA will be holding the viewings of its next Tender of Rough
and Sawn at the Antwerp Diamond Tender Facility (ATF), Belgium. The Tender will
include a selection of White and Cape Rough parcels in sizes from +5cts to -7
in regular and high quality assortments in Cts and Grs.
will also be a range of White Sawn Kaps offered in sized parcels from +3gr to
-5 in mixed qualities. The tender is scheduled from Tuesday 7th January to
Thursday & up to 17th January 2019 and viewing appointments can be booked. The
tender will be held in the Antwerp Diamond Tender Facility (ATF), AWDC
Jewellers launches a whimsical dessert inspired range of jewellery. Inspired by
desserts each design is lavish, deliciously-stylish yet high end and
Jewellers offers jewellery pieces made from diamonds that are every bit as
durable as they are beautiful—a rare treat in a fast fashion-obsessed world.
The collection includes stand out pieces that are classic, yet glamorous in
style. From eye catching bracelets and
up to the lively and necklaces with an embodiment of grandeur and richness is
in the Beirut Souks, the major commercial district in Beirut, Italo Fontana cut
the ribbon of the U-Boat boutique. The new store is precisely in Allenby Street
where all the other high-end and jewellery boutiques are located.
flagship store according to Italo Fontana is not only positioned in a strategic
capital from the commercial point of view but more important on a cultural
level, a bridge between different worlds and cultures. It is nestled in the
heart of the newly developed, luxurious and glamorous Beirut Souks, in the
vibrant financial, commercial and administrative hub of the capital.
Minister of Commerce &Industry and Civil Aviation, Suresh Prabhu, said that
the Ministry is examining the proposal to set up trade promotion bodies in 15
countries to promote exports of SMEs from India. Suresh Prabhu was speaking at
the inaugural session of the 15th Global SME Business Summit in New Delhi.
Minister informed the participants of the Summit about the commitment of the
Ministry of Commerce and Industry towards the growth of the SMEs that are the
pivot of the overall economic growth of the country. The Minister spoke about
the changing of trade regimes globally and establishment of new trade routes
based on availability of labour and skill.
the end-to-end diamond industry blockchain traceability platform being
developed by De Beers Group in collaboration with key industry stakeholders,
announced that Chow Tai Fook Jewellery Group (CTF) has joined the platform’s
Tai Fook joins a range of other leading businesses from across the diamond
value chain in piloting the next generation asset-tracking platform powered by
blockchain and artificial intelligence. Chow Tai Fook will work with Tracr to
support the objective of continuing to enhance consumer assurance over a
diamond’s traceability, provenance and authenticity.
Diamonds Limited announces the recovery of high quality 101 carat and 71 carat
white Type IIa diamonds, both recovered within a twenty four hour period, from
the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond
mine in the world. The recovery of the 101 carat diamond brings the total
recoveries at Letšeng to a record fourteen diamonds of over 100 carats during
Letšeng is renowned for its regular production
of large, top colour, exceptional white diamonds, making it the highest average
dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds
acquired Letšeng in 2006, it has produced over 60 +100 carat, large, top
colour, exceptional white diamonds, making it the highest average dollar per
carat kimberlite diamond mine in the world.
country’s biggest and most eagerly awaited gems and jewellery awards are back.
National Jewellery Awards (NJA) 2018, an initiative by All India Gem and
Jewellery Domestic Council (GJC), has started their nomination process for the
awards for the year 2018. The awards are to honour the rich Indian artistic,
creative designs in the gems and jewellery industry and the business &
marketing acumen of the jewellery manufacturers, wholesalers and retailers of
year, NJA awards is having 36 awards across 5 different categories, like
Jewellery Awards (16 categories), Excellence Awards (3 categories), Store
Awards (5 categories), Designer & Artisan Awards (3 categories) and Student
of the Year Award. A new category for CSR Initiative and Women entrepreneurship
has also been added in this year’s NJA awards.
jewellery house Aisshpra Gems & Jewels, known for impeccable designs and
craftsmanship brings an edition of Pastel baubles this bridal season. The
dramatic pieces are carved in 22k yellow gold using traditional Meenakari in a
frosty color palate, therefore capturing the old world charm in a modern
setting. The edition is studded with large chunks of uncut diamonds that add a
dash of luster to the jewel and is a dream comes true of a modern royal bride.
pastel ensemble comprises of an array of elegant pair of earrings, chokers, and
bracelets. Furthermore, they have also been studded with precious gemstones
such as blue sapphire, emeralds, rubies, and pearls thereby making it colourful
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