NEWS

Recovery of 101 carat and 71 carat diamonds announced

Recovery of 101 carat and 71 carat diamonds announced

Gem 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 2018.

 

 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.


GJC presents 8th National Jewellery Awards 2018

GJC presents 8th National Jewellery Awards 2018

The 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 India.

 

This 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.

 


 

Pastel baubles this bridal season

Pastel baubles this bridal season

Trusted 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.

 

This 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 and attractive.

 


RKR appoints Kalash, as Authorized Distributor

RKR appoints Kalash, as Authorized Distributor

Distributor of Casting & Handmade

jewellery set with Swarovski Zirconia

 

RKR Gold branding partner of Swarovski Gemstones, believes business are built on relationships. RKR Gold recently associated with one of the long standing industrial phenomenon of the Chennai jewellery fraternity, Kalash Jewels. RKR Gold appointed Kalash Jewels as their Authorized distributor of Casting & Handmade jewellery set with Swarovski Zirconia.

 

The founder Mr Sukdev Patankar and his sons Mr Pradeep Patankar & Mr Suhas Patankar have been in the Gold refinery business for the past 3 decades and accumulated the title of being one of the best Refinery units in all of Tamil Nadu. With a large base of clients from the refinery business, the Patankar family have embarked their new journey into Jewellery Wholesale and wanted to relate to a well know brand of the market to keep up with their established name.

 


De Beers rough cycle 10 US$ 540mn

De Beers rough cycle 10 US$ 540mn

De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the tenth sales cycle of 2018.

 

Bruce Cleaver, CEO, De Beers Group, said: “De Beers Group’s rough diamond sales during the final cycle of the year continued to be in line with expectation ahead of the all-important retail selling season as cutting and polishing factories in India restarted their operations following the Diwali holiday.”

 


India needs own 5G technology

India needs own 5G technology

India Ratings and Research (Ind-Ra) estimates India’s total wireless data usage to reach 13 exabytes/month by 2025 (5x of 1Q18 data usage). The existing technology is inadequate to meet such high data demand; therefore, a judicious mix of fiberisation and 5G roll-out will be required.

 

India can formulate its own customised 5G or 4G+ technology than adopting global standards for 5G in toto to focus on improving user experience or cater to evolving enterprise requirement, while avoiding critical applications requiring ultra-low latency.

 


High gold recoveries achieved

High gold recoveries achieved

Kootenay Silver reported that Aztec Minerals announced high gold recoveries were achieved by cyanide leach analysis of five drill holes from the California porphyry gold-copper prospect on the Cervantes property in Sonora, Mexico.

 

Gold recoveries by cyanide leach analysis include 87% gold and 45% silver recovery over 98 meters in hole 18CER007, 84% gold and 54% silver over 106 meters in 18CER006, and 84% gold and 49% silver over 93.5 meters in hole 17CER003. Silver recoveries around 50% are considered normal for most oxide gold deposits, as silver has slower leach kinetics compared to gold.

 


 

 

DGCX and FXCM signs for FX products

DGCX and FXCM signs for FX products

The Dubai Gold and Commodities Exchange (DGCX) and FXCM Group, LLC (FXCM Group or FXCM), a leading international provider of online foreign exchange trading, CFD trading, bitcoin and related services, announced the signing of a Memorandum of Understanding (MoU), agreeing to collaborate on launching new and innovative FX products on the DGCX.

 

Les Male, Chief Executive Officer of DGCX, stated: “It is our aim to ensure that we continue to offer our members and market participants truly innovative contracts, backed by our state of the art technology and Clearing House. These contracts must appeal to not only our international participants but also to local banks and trading houses too. This MOU with FXCM is the first step in developing ever more pioneering contracts contributing to the DGCX’s global offerings allowing us to cross-pollinate each other’s diverse client base.”

 


Modi to set credit discipline in Banks

Modi to set credit discipline in Banks

The ongoing Narendra Modi Government has initiated formulation of laws to secure prudential banking and help effect a culture of credit discipline.

 

Insolvency and Bankruptcy Code, 2016 (IBC) has been enacted to create a unified framework for resolving insolvency and bankruptcy matters. IBC, by adopting a creditor-in-saddle approach, with the interim resolution professional taking over management of affairs of corporate debtor at the outset, coupled with debarment of wilful defaulters and persons associated with NPA accounts from the resolution process, has effected a fundamental change in the creditor-debtor relationship.


Banks to restrict Red Flagged Accounts

Banks to restrict Red Flagged Accounts

RBI has furnished inputs with respect to its instructions to the banks to bring changes as per its new guidelines to strengthen their monitoring mechanism.

 

A Circular of confidential nature was issued by RBI to all the banks in February 2018 to implement security and operational controls such as Straight-Through Process (STP) between CBS/accounting system and SWIFT messaging system, enable time-based restrictions in SWIFT, review logs at regular intervals, undertake reconciliation, etc in a time bound manner, and the banks were also advised that in case of non-compliance RBI may take enforcement action against them.

 



Showing 81 to 90 of 2541 (255 Pages)