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
of Casting & Handmade
set with Swarovski Zirconia
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.
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
Beers Group announced the value of rough diamond sales (Global Sightholder
Sales and Auction Sales) for the tenth sales cycle of 2018.
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.”
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.
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
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.
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.
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.
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.”
ongoing Narendra Modi Government has initiated formulation of laws to secure
prudential banking and help effect a culture of credit discipline.
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
has furnished inputs with respect to its instructions to the banks to bring
changes as per its new guidelines to strengthen their monitoring mechanism.
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.
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