announces the results of an auction of rough rubies held by its 100% owned
Ltd in Singapore from 5 – 9 June 2018. Gemfields’ tenth auction of rough rubies
from Montepuez saw 51 companies placing bids. The auction offered high, medium
and commercial grade rough rubies exclusively in untreated form.
consistency of supply and the reliability of the Gemfields’ grading system
continues to be well received by buyers
given that it reduces risk, improves manufacturing efficiencies and aids their
ability to meet demand for larger
orders. The auction generated total revenues of USD 71.8 million at an average
realised price of USD 122 per carat.
fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017
from $48.9 billion the year before as shoplifting and organized retail crime
continued to be the leading causes, according to the annual National Retail
Security Survey released today by the National Retail Federation (NRF) and the
University of Florida.
are making progress in combating criminal activity, but there are still many
challenges,” NRF Vice President of Loss Prevention Bob Moraca said. “Whether
the threat is coming from cyber security, organized retail crime or employee
theft, the job for retail security teams continues to become more difficult
every day, especially when resources and staff are limited.”
the world’s flagship Free Zone and Dubai Government Authority on commodities
trade and enterprise, is entering new markets and has welcomed the Islamic Bank
of Afghanistan (IBA) as the newest member of its DMCC Trade flow platform, a
dedicated online platform for registering possession and ownership of
commodities stored in UAE-based storage facilities.
announcement follows the signing of a Memorandum of Understanding (MoU) by
Sanjeev Dutta, Executive Director, Commodities at DMCC and Amer Khalil
urRehman, Chief Executive Officer of the Islamic Bank of Afghanistan, at DMCC’s
Almas Tower in Dubai.
Atlantic Gem Sales (TAGS) will be holding a rough diamond tender from the 19th
to the 27th June 2018 in the prestigious Almas Tower, Dubai. Two productions
from South Africa and Angola will again be presented, with both productions
being of high quality and high colour material.
rough diamond tender follows six previously successful tenders which have been
very well received by the market and continues to grow in both caratage and
popularity. While final details will soon be forthcoming from the producers,
TAGS are expecting in the region of 25,000 carats of South African goods and
18,000 carats of Angolan goods across a full range of sizes with a combined
value in excess of US$40m.
Vohra Fine Jewellery for decades have introduced the latest in the jewellery
industry. With rich influence of Indian culture and art, the latest from their
collection are the bold and stunning cuff bracelets handcrafted in gold.
statement pieces of bracelets are alone enough to elevate your style quotient.
By including these bold trendy cuffs in your wardrobe, you can easily minimize
your daily hassle of accessorizing. By adding just one classic piece of a
jeweled cuff to your look you can emote effortless panache.
Tai Fook Jewellery Group Limited (CTF) has earned four accolades at The 8th
Asian Excellence Award 2018 conducted by Corporate Governance Asia, an
authoritative regional journal in recognition of the outstanding performance in
recognitions include: 1: Asiaʼs Best CEO (Investor Relations) – Kent Wong, 2: Asiaʼs
Best CFO (Investor Relations) – Hamilton Cheng, 3: Best Investor Relations
Company (Hong Kong), 4: Best Investor Relations Professional – Danita On.
at the nation’s major retail container ports are expected to set record numbers
this summer and fall even as the debate over trade and tariffs continues in
Washington, according to the monthly Global Port Tracker report released today
by the National Retail Federation (NRF) and Hackett Associates.
are buying more and that means retailers are importing more,” NRF Vice
President for Supply Chain and Customs Policy Jonathan Gold said. “Imports
continue to be the primary source of high-quality, mass-produced necessities at
affordable prices and will be for the foreseeable future. If tariffs are
imposed on consumer goods, that will only drive up prices for American families
while doing little or nothing to punish those responsible for unfair trade
the world’s largest diamond mining company, has entered Top 5 of pilot
sustainability rating “Polar Index” among Russian companies operating in
Arctic. The rating is developed by Project Office of Arctic Development and the
environmental economics department of Faculty of Economics of the Lomonosov
Moscow State University.
Index" became the first specialized rating of companies whose geography of
activities affects the Arctic zone of Russia. The results of the first rating
were presented in the Public Chamber of the Russian Federation on World
Environment Day held on June 5.
advised that, the Company was awarded the ‘Global Resources and Commodities
M&A Deal of the Year’ under the large-cap segment at the 10th Annual M&A
Atlas Awards gala function, held at the Intrepid Museum in New York for the
US$2.2 billion acquisition of Stillwater Mining Company in the United States
on the award CEO Neal Froneman stated that “this award is gratifying as it
again reflects the recognition by industry participants of the significance and
transformative nature of the Stillwater acquisition. This transaction has
already had a significant impact on the Group.
was the first jeweller in the country to spot the evolving needs of the new
Indian jewellery buyer – where the ask was to make gold jewellery more
contemporary, design-led and more light where she could wear it every day, not
just confining to key occasions.
unorganised jewellery market in India is 90% and there are possibilities that a
customer may end up buying impure jewellery. Since its inception, Tanishq
believes that it is important for customers to upgrade their gold jewellery
once in every 25 to 30 months, because:
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