Lucapa Diamond Company Limited published data on 147-percent jump in diamond production in the fourth quarter of last year compared with the same period of the previous year.
The mine Lulo (Lulo), which Lucapa has a 40-percent stake, was produced 5313 carats and achieved the highest quarterly production level during the Angolan rains. This Lucapa and its partners said in a statement.
The company sold two parcels of diamonds from the Lulo totaling $ 14.6 million, or 4,676 carats, at an average price per carat of $ 3111.
Thus, by reading the company's revenues for the entire 2016 was $ 51 million at an average price per carat of $ 2983. According to the Lucapa are, the highest price per carat achieved for any operating mine in the world in 2016.
In December, 79 custom-size stones were found weighing over 10.8 carats, compared with 28 in the previous quarter. Among them were four diamonds weighing over 70 carats and one stone of 54 carats.
The average size of the diamonds found during the quarter 1.9 carats compared to 1.3 carats in the same period the previous year.
http://digg.com/u/jetjewelry
Tuesday, June 13, 2017
All India Federation of dealers in precious stones and jewelery (All India Gem & Jewellery Traders Federation , GJF), the national body for the promotion and growth of trade in gems and jewelery across India, has appointed Nitin Khandelvala (Nitin Khandelwal) as its Chairman, and Pramod Agarwal ( pramod Agarwal) - Deputy Chairman for the next two years.
Nitin Khandelval, head Khandelwal Jewellers (Akola) Pvt. Ltd., which was closely linked to the GJF since its inception, said: "I am truly honored to be able to lead the supreme body in the industry I believe that the industry must remain united and work together to more attention and growth for the sector. precious stones and jewelry. "
Pramod Agrawal of Derewala Jewellery Industries Ltd, which is engaged in innovation and visualization of future trends for the benefit of the industry, said: "I am proud that I had the honor to work for the growth of this key trade organization I will be able to contribute and their vision of the members. organizations throughout India. "
http://digg.com/u/jetjewelry
Merlin Diamonds announced the discovery of 35.26-carat brown diamond in its draft Merlin (Merlin) in Australia. It is the fifth largest stone in the history of diamond mining in the country.
The mining company also benefited diamond weighing 14.6 carats of brown and a number of small white stones.
In December, Merlin found his first blue diamond, but the weight of the stone was only 0,124 carats.
Merlin Diamonds, which was previously known as the North Australian Diamonds, Merlin acquired the project from Rio Tinto in 2004. At this mine was previously mined in Australia's largest diamond weighing 104.73 carats.
http://digg.com/u/jetjewelry
Jewelry company Macy's, whose headquarters is in Cincinnati, has announced that it will close some of its stores in the United States at the beginning of this spring, as well as later in 2017.
Macy's announced the closure of 68 stores in different locations, three of which have already been closed. Another 63 stores this number will be closed in early spring, and two more - in the middle of 2017.
As a result of the closure of 63 Macy's stores in the beginning of this year, along with the three that were closed in 2016, the company's sales are expected to fall by about $ 575 million.
Macy's has faced difficulties during the festive season, and reported a decrease in same-store sales by 2% . Despite this, the retailer said strong performance from jewelery sales during the season.
Closing stores along with the restructuring plan and the sale of some assets is the answer to Macy's sales drop.
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Macy's announced the closure of 68 stores in different locations, three of which have already been closed. Another 63 stores this number will be closed in early spring, and two more - in the middle of 2017.
As a result of the closure of 63 Macy's stores in the beginning of this year, along with the three that were closed in 2016, the company's sales are expected to fall by about $ 575 million.
Macy's has faced difficulties during the festive season, and reported a decrease in same-store sales by 2% . Despite this, the retailer said strong performance from jewelery sales during the season.
Closing stores along with the restructuring plan and the sale of some assets is the answer to Macy's sales drop.
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Three months ago, the Government of India has approved the possibility of the diamond trade and a number of other categories of commodities in the futures markets, and now the Indian Commodity Exchange (Indian Commodity Exchange, ICEX) is in the final stages of launch diamond contracts that will trade diamonds even individuals. Final approval from the Securities and Exchange Board of India (SEBI), is expected to be received in the near future, and the official launch of the new futures will likely happen in March of this year.
Investors will be able to choose from three different monthly contracts for diamonds weighing 0,30-0,49 carat carat 0,50-0,69 and 1,00-1,09 carats.
ICEX is supported by the Indian holding company Reliance Capital, and Indiabulls Housing Finance and IDFC companies as major shareholders. Exchange has links with the International Institute of Classification and diamond exploration and diamond (International Institute of Diamond Grading & Research , IIDGR), a subsidiary of De Beers, for the purpose of classification and packaging of diamonds.
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Investors will be able to choose from three different monthly contracts for diamonds weighing 0,30-0,49 carat carat 0,50-0,69 and 1,00-1,09 carats.
ICEX is supported by the Indian holding company Reliance Capital, and Indiabulls Housing Finance and IDFC companies as major shareholders. Exchange has links with the International Institute of Classification and diamond exploration and diamond (International Institute of Diamond Grading & Research , IIDGR), a subsidiary of De Beers, for the purpose of classification and packaging of diamonds.
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WFDB (World Federation of Diamond Bourses, WFDB ) congratulated the Council on the promotion of exports of gems and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) with its acceptance into the organization as a full member. This is the press release from the WFDB.
At its annual general meeting in Mumbai, the Council approved changes to its code of ethics needed to complete the accession process to the WFDB.
WFDB President Ernie Blom (Ernie Blom) said: "I am glad that GJEPC became the first member of our organization who are not Diamond Exchange India is a very important part of the global diamond industry and GJEPC is the main driving force in the diamond trade in the country's development, we have.. We look forward to welcoming other industry players in the WFDB. they can make an important contribution to the understanding of their views regarding the diamond and jewelery trade. in addition, they will be able to observe our operations from the inside, directly at the meetings. Our industry st constantly changing, and therefore for the authorities from all over the diamond pipeline is vital to join the WFDB, as it can lead our trade forward. "
"I would like to take this opportunity to wish all members of the diamond and jewelry business in the world to be happy, successful and prosperous 2017. I also look forward to welcoming colleagues and friends in the near future on the stock exchanges of Presidents meeting in Mumbai, which will be held February 5-8, "- said Blom.
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At its annual general meeting in Mumbai, the Council approved changes to its code of ethics needed to complete the accession process to the WFDB.
WFDB President Ernie Blom (Ernie Blom) said: "I am glad that GJEPC became the first member of our organization who are not Diamond Exchange India is a very important part of the global diamond industry and GJEPC is the main driving force in the diamond trade in the country's development, we have.. We look forward to welcoming other industry players in the WFDB. they can make an important contribution to the understanding of their views regarding the diamond and jewelery trade. in addition, they will be able to observe our operations from the inside, directly at the meetings. Our industry st constantly changing, and therefore for the authorities from all over the diamond pipeline is vital to join the WFDB, as it can lead our trade forward. "
"I would like to take this opportunity to wish all members of the diamond and jewelry business in the world to be happy, successful and prosperous 2017. I also look forward to welcoming colleagues and friends in the near future on the stock exchanges of Presidents meeting in Mumbai, which will be held February 5-8, "- said Blom.
https://del.icio.us/pearlsonline
Polished prices in December fell against the backdrop of the fall of liquidity in India because of the decision of the authorities to stop the circulation of bank notes of 500 and Rs 1,000. This was reported in the monthly report Rapaport portal.
Trade slowed because many diamantaires took leave during the holidays.
Diamond Index RapNet (RAPI) for 1-carat diamond category RapSpec A3 + fell in December by 1.3%. RAPI to 0.30 carat diamond increased by 0.2%, whereas for 0.50 RAPI-carat stones fell to 2.2%. RAPI for 3-carat diamonds dropped by 1%.
RAPI for 1-carat diamonds dropped by 3% in the fourth quarter and by 5% for the full year.
According to the report, sentiment has improved in spite of the decline in, and the level of consumer confidence rose in the United States. Record growth in stock prices and the Fed's decision to raise interest rates indicate an improvement in the economic outlook. A stronger dollar is also expected to lead to an increase in domestic spending.
Other markets remain weak. Travel expenses in China have been restrained, as the government restricts capital outflows. In addition, the RMB has depreciated in 2016. Sales expectations in the mainland of China positive for the Chinese New Year, beginning on January 28 while they are weak for Hong Kong.
Indian jewelery sales have fallen and is expected to remain under pressure during the first half of next year due to demonetization. Demand for lower-quality diamonds are generally supplied to the domestic market in India, fell. The Indian diamond cutting production at small plants was practically at a dead end, while major exporters with the proper accounts have been less affected by the demonetization.
Demand for diamonds has slowed, but stocks of diamonds were down because of the low availability of new supplies. Diamantaires be careful not to raise the level of stocks before the New Year.
Diamond trade are expected to improve in the first quarter of 2017, as retailers of jewelry will begin to replenish stocks of products sold during the holiday shopping season. Demand for diamonds may grow, while the mining companies will increase production of rough diamonds to meet short-term demand for diamonds. According to Rapaport opinion, diamond miners should resist the temptation to raise prices for rough diamonds for cutting and polishing to maintain the profitability of the segment and to sustain growth in the long term.
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Trade slowed because many diamantaires took leave during the holidays.
Diamond Index RapNet (RAPI) for 1-carat diamond category RapSpec A3 + fell in December by 1.3%. RAPI to 0.30 carat diamond increased by 0.2%, whereas for 0.50 RAPI-carat stones fell to 2.2%. RAPI for 3-carat diamonds dropped by 1%.
RAPI for 1-carat diamonds dropped by 3% in the fourth quarter and by 5% for the full year.
According to the report, sentiment has improved in spite of the decline in, and the level of consumer confidence rose in the United States. Record growth in stock prices and the Fed's decision to raise interest rates indicate an improvement in the economic outlook. A stronger dollar is also expected to lead to an increase in domestic spending.
Other markets remain weak. Travel expenses in China have been restrained, as the government restricts capital outflows. In addition, the RMB has depreciated in 2016. Sales expectations in the mainland of China positive for the Chinese New Year, beginning on January 28 while they are weak for Hong Kong.
Indian jewelery sales have fallen and is expected to remain under pressure during the first half of next year due to demonetization. Demand for lower-quality diamonds are generally supplied to the domestic market in India, fell. The Indian diamond cutting production at small plants was practically at a dead end, while major exporters with the proper accounts have been less affected by the demonetization.
Demand for diamonds has slowed, but stocks of diamonds were down because of the low availability of new supplies. Diamantaires be careful not to raise the level of stocks before the New Year.
Diamond trade are expected to improve in the first quarter of 2017, as retailers of jewelry will begin to replenish stocks of products sold during the holiday shopping season. Demand for diamonds may grow, while the mining companies will increase production of rough diamonds to meet short-term demand for diamonds. According to Rapaport opinion, diamond miners should resist the temptation to raise prices for rough diamonds for cutting and polishing to maintain the profitability of the segment and to sustain growth in the long term.
https://del.icio.us/pearlsonline
Three robbers broke into a wholesale jewelry store in New York shortly after the New Year, to steal the gems and jewelry worth about $ 6 million. The suspects have not yet been apprehended.
Police said the thieves undoubtedly planned the robbery so that it coincided with the first minutes of the New Year.
The thieves entered through the cargo entrance on the sixth floor of the business center, and then used a hammer and crowbar to break the lock and get into the room containing the safe-four, the report said.
They stole bracelets, earrings and necklaces made of 18-karat gold with diamonds from two safes that were either open or burglars knew them the combination. Then they lay down their stolen jewelry in a backpack and fled.
http://digg.com/u/jetjewelry
Police said the thieves undoubtedly planned the robbery so that it coincided with the first minutes of the New Year.
The thieves entered through the cargo entrance on the sixth floor of the business center, and then used a hammer and crowbar to break the lock and get into the room containing the safe-four, the report said.
They stole bracelets, earrings and necklaces made of 18-karat gold with diamonds from two safes that were either open or burglars knew them the combination. Then they lay down their stolen jewelry in a backpack and fled.
http://digg.com/u/jetjewelry
Jewelery company Michael Hill said that its sales increased by 5.7% to $ 240.3 million in the first half of the fiscal year despite the sluggish US sales figures.
Global comparable sales increased by 1% during the six months ended December 31, said Australian jewelery house.
Michael Hill sales in retail stores in Australia rose by 3% to $ 133.4 million, while in Canada, revenues jumped 18% to $ 47.9 million.
However, US sales fell by 5.9% to $ 7 million, and the company is trying to revive growth in the region.
"Our business in the United States in the December quarter showed poor results", - said in a statement. Comparable sales in the US fell by 8.8% for the full six months of the financial year. "We continue to experiment with our marketing strategies and a variety of goods for six months and are confident that, together with the recent changes in the management team, this will allow us to improve our results in the second half of the year", - concluded the Michael Hill.
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Global comparable sales increased by 1% during the six months ended December 31, said Australian jewelery house.
Michael Hill sales in retail stores in Australia rose by 3% to $ 133.4 million, while in Canada, revenues jumped 18% to $ 47.9 million.
However, US sales fell by 5.9% to $ 7 million, and the company is trying to revive growth in the region.
"Our business in the United States in the December quarter showed poor results", - said in a statement. Comparable sales in the US fell by 8.8% for the full six months of the financial year. "We continue to experiment with our marketing strategies and a variety of goods for six months and are confident that, together with the recent changes in the management team, this will allow us to improve our results in the second half of the year", - concluded the Michael Hill.
http://www.feedlisting.com/rss-feed-url/898217.html
Diamond exports from Angola fell to 8.45% last year to $ 1.082 billion compared with $ 1.182 billion a year earlier.
As the portal Diamond World News Service, the average price per carat also decreased from $ 145 in October to $ 116.9 in November.
Also, the portal quoted Minister of Geology and Mining of Angola, Francisco Queiroz (Francisco Queiroz), who said that the diamond production in Angola fell to 7.2 million carats in 2016, against 8.394 million carats in 2015.
Mining Society of Catoca (Catoca Mining Society) is the largest diamond producer in the country, providing 75% of their total production, while the artisanal mining of stones dropped by 60%, according to Diamond World News Service.
At the same time Keyrosh, according to the portal, said the strong sustained performance in the diamond sub-sector and presented a positive outlook for a sustainable recovery in the future.
http://www.feedlisting.com/rss-feed-url/898216.html
As the portal Diamond World News Service, the average price per carat also decreased from $ 145 in October to $ 116.9 in November.
Also, the portal quoted Minister of Geology and Mining of Angola, Francisco Queiroz (Francisco Queiroz), who said that the diamond production in Angola fell to 7.2 million carats in 2016, against 8.394 million carats in 2015.
Mining Society of Catoca (Catoca Mining Society) is the largest diamond producer in the country, providing 75% of their total production, while the artisanal mining of stones dropped by 60%, according to Diamond World News Service.
At the same time Keyrosh, according to the portal, said the strong sustained performance in the diamond sub-sector and presented a positive outlook for a sustainable recovery in the future.
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According to government data, fell by 2% in November this year, polished diamond imports to the US, to $ 1.59 billion.
Polished imports by weight increased by 6% to 779,732 carats as the average price fell by 7%, to $ 2042 per carat. Polished exports rose 25% to $ 1.7 billion, while net imports fell to minus $ 108.8 million against an additional $ 260.7 million in the same period a year earlier.
Rough imports grew more than doubled to $ 72.3 million, versus $ 31.6 million a year earlier, while rough exports jumped to $ 73.2 million, compared with $ 19.8 million in November, a year earlier. Net imports of diamonds in the US fell to minus $ 899 000 against, plus $ 11.8 million in the same period of the previous year.
The balance of the diamond trade, reflecting the difference between net imports and exports decreased to minus $ 107.9 million, while in November 2015 it amounted to an additional $ 248.9 million.
http://www.feedlisting.com/rss-feed-url/898215.html
Polished imports by weight increased by 6% to 779,732 carats as the average price fell by 7%, to $ 2042 per carat. Polished exports rose 25% to $ 1.7 billion, while net imports fell to minus $ 108.8 million against an additional $ 260.7 million in the same period a year earlier.
Rough imports grew more than doubled to $ 72.3 million, versus $ 31.6 million a year earlier, while rough exports jumped to $ 73.2 million, compared with $ 19.8 million in November, a year earlier. Net imports of diamonds in the US fell to minus $ 899 000 against, plus $ 11.8 million in the same period of the previous year.
The balance of the diamond trade, reflecting the difference between net imports and exports decreased to minus $ 107.9 million, while in November 2015 it amounted to an additional $ 248.9 million.
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Lucapa Diamond has completed a preliminary exploration program on its project "Zone F" (Area F) field Orapa (Orapa) in Botswana, which included ground magnetic, electromagnetic and gravimetric studies, along with electromagnetic sensing and geochemical analysis of soil.
The program, as noted in the company, has successfully helped define the gravimetric and magnetic properties AN01 site, which will be a priority for the next phase of drilling.
"It's - well-defined magnetic anomaly measuring approximately 350m to 150m, is the priority objective for drilling within the Orapa diamond deposits", - said in a statement, distributed on Monday.
"While we are engaged in checking the results of studies used to determine the AN01, simulation spent two known kimberlites F Zone" field Orapa indicates that BK14 plot is the usual kimberlite pipe without undiscovered before branching, whereas BK38 is narrow Dyke "- continue in Lucapa.
The company also announced that this year's" Zone F "in Orapa will begin drilling program in addition, drilling will begin on the main project Lulo (Lulo) company Lucapa Angola..
http://www.feedlisting.com/rss-feed-url/898214.html
The program, as noted in the company, has successfully helped define the gravimetric and magnetic properties AN01 site, which will be a priority for the next phase of drilling.
"It's - well-defined magnetic anomaly measuring approximately 350m to 150m, is the priority objective for drilling within the Orapa diamond deposits", - said in a statement, distributed on Monday.
"While we are engaged in checking the results of studies used to determine the AN01, simulation spent two known kimberlites F Zone" field Orapa indicates that BK14 plot is the usual kimberlite pipe without undiscovered before branching, whereas BK38 is narrow Dyke "- continue in Lucapa.
The company also announced that this year's" Zone F "in Orapa will begin drilling program in addition, drilling will begin on the main project Lulo (Lulo) company Lucapa Angola..
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The Shanghai Gold Exchange (SGE), the world's largest physical volume of transactions, decided to limit the volume of gold lump trade to limit the influence of institutional investors on the price.
Exchange halve the limits on transactions, up to 500 kg on some spot contracts on gold since 1 January, according to a statement the exchange.
The new limit, which costs about $ 20 million based on current prices, suggests the focus on institutional investors, such as banks and hedge funds.
The turnover of the stock exchange has grown, the demand for gold from Chinese retail investors as a safe-haven increased. In November, the trading volume reached 3.4 million kg, which is a month high of 2016.
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Exchange halve the limits on transactions, up to 500 kg on some spot contracts on gold since 1 January, according to a statement the exchange.
The new limit, which costs about $ 20 million based on current prices, suggests the focus on institutional investors, such as banks and hedge funds.
The turnover of the stock exchange has grown, the demand for gold from Chinese retail investors as a safe-haven increased. In November, the trading volume reached 3.4 million kg, which is a month high of 2016.
https://del.icio.us/pearlsonline
Joint-stock company ALROSA, the largest in the world in terms of diamond production, said sales of rough and polished diamonds in December, and the preliminary results of 2016.
The Group's Alrosa diamonds in December 2016 amounted to $ 173 million. Diamond during this period it has been sold for $ 3.3 million.
The total sales of the diamond production in December 2016 was $ 176.3 million.
"The results of the sales of small-sized December segment still reflect the decrease in the activity of small and medium-sized Indian diamond cutting companies as a result of monetary reform in this country. Active participants of the market in other segments correspond to the demand and the seasonality of our expectations ", - said Yuri Okoemov, vice president of ALROSA.
According to preliminary data, in the 12 months 2016, ALROSA Group sold rough and polished diamonds at $ 4.486 billion, which is 26% more than the same period in 2015.
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The Group's Alrosa diamonds in December 2016 amounted to $ 173 million. Diamond during this period it has been sold for $ 3.3 million.
The total sales of the diamond production in December 2016 was $ 176.3 million.
"The results of the sales of small-sized December segment still reflect the decrease in the activity of small and medium-sized Indian diamond cutting companies as a result of monetary reform in this country. Active participants of the market in other segments correspond to the demand and the seasonality of our expectations ", - said Yuri Okoemov, vice president of ALROSA.
According to preliminary data, in the 12 months 2016, ALROSA Group sold rough and polished diamonds at $ 4.486 billion, which is 26% more than the same period in 2015.
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The De Beers noted that the small-sized diamond trade a small value is currently experiencing a downturn as a result of demonetization in India.
Nevertheless, the head of service of De Beers Media Relations Lynette Gould (Lynette Gould) said in an exclusive interview to Rough & Polished, the demand for the rest of the range of diamond production in the fourth quarter of 2016 was still healthy.
She said that the sale also in line with seasonal expectations.
"In the medium and long term fundamentals of supply and demand in the diamond industry are positive and continue to point to future growth", - said Gould.
"Over the past two decades, India's diamond consumer market showed almost continuous growth, while the demand for diamond jewelry in rupees increased following the results of 19 of the last 20 years. In the last decade the market has almost tripled in volume and reached about 220 billion rupees. And the future is as promising ", - she said.
Gould said that India has a dynamic and growing consumer market, which is fueled by a booming economy, an expanding customer base and culture, where jewelry play an important role in social events and family traditions.
"In particular, the rapidly growing middle class in India and is expected to grow at a very rapid pace of purchasing power of households with the highest income," - added Gould.
"So, in the end, we believe that there are many untapped opportunities for the diamond industry in India, as elsewhere in the world" - she concluded.
http://www.feedlisting.com/rss-feed-url/898222.html
Nevertheless, the head of service of De Beers Media Relations Lynette Gould (Lynette Gould) said in an exclusive interview to Rough & Polished, the demand for the rest of the range of diamond production in the fourth quarter of 2016 was still healthy.
She said that the sale also in line with seasonal expectations.
"In the medium and long term fundamentals of supply and demand in the diamond industry are positive and continue to point to future growth", - said Gould.
"Over the past two decades, India's diamond consumer market showed almost continuous growth, while the demand for diamond jewelry in rupees increased following the results of 19 of the last 20 years. In the last decade the market has almost tripled in volume and reached about 220 billion rupees. And the future is as promising ", - she said.
Gould said that India has a dynamic and growing consumer market, which is fueled by a booming economy, an expanding customer base and culture, where jewelry play an important role in social events and family traditions.
"In particular, the rapidly growing middle class in India and is expected to grow at a very rapid pace of purchasing power of households with the highest income," - added Gould.
"So, in the end, we believe that there are many untapped opportunities for the diamond industry in India, as elsewhere in the world" - she concluded.
http://www.feedlisting.com/rss-feed-url/898222.html
Sarine Technologies Ltd delivered a record 24 Galaxy family of systems for displaying diamond inclusions in the fourth quarter of 2016, bringing the total number of systems shipped in 2016 was 84, compared with the previous annual record of 48 systems. By the end of 2016 the installed base of systems is 299.
"Against the background of the overall positive mood in the Indian cutting industry, despite the three-week break for the holiday of Diwali and the latest Indian government decision to demonetization, we are pleased to report that our sales systems for displaying diamond inclusions are still high in the fourth quarter of 2016 we carried out the delivery record 24 Galaxy family of systems, of which 15 belonged to Meteor model for small stones, 7 -. to a Solaris system, 1 - Galaxy 1000 and 1 - Galaxy Ultra ", - It said in a statement Sarine.
"In addition, although the final figures for the quarter more available, we expect revenue for the fourth quarter of 2016 will exceed $ 18 million, which would correspond to, or will be slightly better than our previous best fourth quarter ever ($ 18.3 million). Also, , is likely to see an improvement both on a consistent and on an annual basis, "- added to the Sarine.
http://www.feedlisting.com/rss-feed-url/898220.html
"Against the background of the overall positive mood in the Indian cutting industry, despite the three-week break for the holiday of Diwali and the latest Indian government decision to demonetization, we are pleased to report that our sales systems for displaying diamond inclusions are still high in the fourth quarter of 2016 we carried out the delivery record 24 Galaxy family of systems, of which 15 belonged to Meteor model for small stones, 7 -. to a Solaris system, 1 - Galaxy 1000 and 1 - Galaxy Ultra ", - It said in a statement Sarine.
"In addition, although the final figures for the quarter more available, we expect revenue for the fourth quarter of 2016 will exceed $ 18 million, which would correspond to, or will be slightly better than our previous best fourth quarter ever ($ 18.3 million). Also, , is likely to see an improvement both on a consistent and on an annual basis, "- added to the Sarine.
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The Parliamentary Committee on the Zimbabwe Mining and Energy this week to visit the Marange diamond fields against the backdrop of a sharp drop in diamond production. The fall occurred after the transfer of diamond concessions consolidated diamond mining company Zimbabwe Consolidated Diamond Company (ZCDC).
NewsDay quoted committee chairman Daniel Shumba (Daniel Shumba), who said that during the visit it will be necessary to assess the views of miners at work ZCDC.
"The committee will visit Chiadzwa (Chiadzwa) [Marange] to watch almazobyvayuschey industry activities, and will communicate with the miners, to hear their views on the problems and the positive things happening in this sector", - he said.
"This is not a witch hunt, this is the site visits, designed to show how mining companies operate after consolidation," - he continues.
Although previous Marange diamond mining companies accused of deriving income from the country, ZCDC failed to ensure the growth of the diamond production and revenue.
ZCDC, which currently conducts mining concessions on DMC and Marange Resources, since the beginning of 2016 produced 924 388 carats of diamonds in Marange, compared with 3.2 million carats produced in the same period in 2015.
The source quoted the minister of mining country Chidakvu Walter (Walter Chidhakwa), who said that the weak performance of production was due to court cases in which the former Marange diamond mining company challenged the decision of the government on the expropriation of its concessions in February last year.
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NewsDay quoted committee chairman Daniel Shumba (Daniel Shumba), who said that during the visit it will be necessary to assess the views of miners at work ZCDC.
"The committee will visit Chiadzwa (Chiadzwa) [Marange] to watch almazobyvayuschey industry activities, and will communicate with the miners, to hear their views on the problems and the positive things happening in this sector", - he said.
"This is not a witch hunt, this is the site visits, designed to show how mining companies operate after consolidation," - he continues.
Although previous Marange diamond mining companies accused of deriving income from the country, ZCDC failed to ensure the growth of the diamond production and revenue.
ZCDC, which currently conducts mining concessions on DMC and Marange Resources, since the beginning of 2016 produced 924 388 carats of diamonds in Marange, compared with 3.2 million carats produced in the same period in 2015.
The source quoted the minister of mining country Chidakvu Walter (Walter Chidhakwa), who said that the weak performance of production was due to court cases in which the former Marange diamond mining company challenged the decision of the government on the expropriation of its concessions in February last year.
http://www.feedlisting.com/rss-feed-url/898219.html
Canadian exploration diamond company Dunnedin Ventures is headquartered near Vancouver announced that it has received gross proceeds of $ 835,000 from the use of bond coupons and by continued funding.
The main focus of the company is diamond project Kaun (Kahuna) in Nunavut, Canada.
In November 2016 Dunnedin received $ 547,500 after the release of 7,343,307 ordinary shares. She also closed the continuous funding of $ 287,000 from December 30, 2016.
Proceeds from the continuous placement of securities will be used to finance the cost of the qualified exploration, mainly related to the Canadian project Kaun.
"Dunnedin enters 2017 with a strong position in the interests of shareholders through continued exploration on the project Kaun", - said Kris Teylor (Chris Taylor), CEO Dunnedin.
"Review of our newly acquired project Kaun also continues and results will be published as soon as the necessary analysis will be completed," - he added.
http://www.feedlisting.com/rss-feed-url/898218.html
Laurelton Diamonds Belgium BVBA held in January next tender of rough and polished diamonds on a tender area of Antwerp, told the Antwerp World Diamond Center (AWDC).
At the auction stones white and yellow colors will be exhibited weighing 5 carats to -7 carats and range of high quality stones with a total weight of about 8000 carats.
A number of small diamond white and yellow colors will also be exposed by weight gran + 3 to - 5 grains - in mixed parcels - a total weight of about 10 000 carats.
The tender will be held from January 23 to February 2 at AWDC building.
Laurelton Diamonds Belgium BVBA, a subsidiary of Tiffany & Co, produces and carries out trading operations on a global scale.
The company buys rough diamonds and manages the global chain of cut, polished and supply of diamonds from Tiffany & Co.
http://www.feedage.com/feeds/23910346/pearl-jewelry-pearl-necklace
At the auction stones white and yellow colors will be exhibited weighing 5 carats to -7 carats and range of high quality stones with a total weight of about 8000 carats.
A number of small diamond white and yellow colors will also be exposed by weight gran + 3 to - 5 grains - in mixed parcels - a total weight of about 10 000 carats.
The tender will be held from January 23 to February 2 at AWDC building.
Laurelton Diamonds Belgium BVBA, a subsidiary of Tiffany & Co, produces and carries out trading operations on a global scale.
The company buys rough diamonds and manages the global chain of cut, polished and supply of diamonds from Tiffany & Co.
http://www.feedage.com/feeds/23910346/pearl-jewelry-pearl-necklace
In an interview with New Year's Eve, "the Herald ALROSA" company president Andrei Zharkov, noting ALROSA participated in the opening of the "Eurasian Diamond Center" (EATS) in Vladivostok, pointed to the importance of the Asia-Pacific markets for the company in the new year. "India - our long-term strategic partner. Clearly underestimated potential associated with an increase in consumption of jewelry with diamonds in Chinese, Korean, Thai, Indonesian markets. This gives us an opportunity to build a presence in the region that corresponds to the company's strategy to diversify sales channels, "- he said.
According to him, the company needs to introduce new production capacities in order to maintain its leading position in the market. "In the summer of 2016 at the" Dawn "the first industrial explosion that gave a start to the development of new primary deposits. We continue to actively work to create a diamond-mining companies in the field Upper Muna kimberlite field. This is another promising investment project of the company, which this year received the state infrastructure support ", - said Andrey Zharkov, adding that the mine" International ", which in 2016 completed the drilling of additional exploration of deep horizons, mining conditioned ore, according to preliminary estimates , will be carried out before 2036.
"In 2016 we saw a very good recovery in sales volumes in the market, and this makes it possible to predict and plan to increase production in 2017. The plans that we form the next year, laid about five per cent increase in production volumes. In this case, ALROSA maintains strategic goal for the next few years to reach a production volume of about 40 million carats, "- said president of the company further.
Noting that ALROSA attaches great importance to the care of occupational safety and support of high-performance employees, Andrew Zharkov said that the task of building an effective system of control and safety of production processes to the company's industrial safety management. "Creating a safe working environment - one of the basic principles of the social policy of ALROSA», - he stressed.
http://www.feedage.com/feeds/23910345/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
According to him, the company needs to introduce new production capacities in order to maintain its leading position in the market. "In the summer of 2016 at the" Dawn "the first industrial explosion that gave a start to the development of new primary deposits. We continue to actively work to create a diamond-mining companies in the field Upper Muna kimberlite field. This is another promising investment project of the company, which this year received the state infrastructure support ", - said Andrey Zharkov, adding that the mine" International ", which in 2016 completed the drilling of additional exploration of deep horizons, mining conditioned ore, according to preliminary estimates , will be carried out before 2036.
"In 2016 we saw a very good recovery in sales volumes in the market, and this makes it possible to predict and plan to increase production in 2017. The plans that we form the next year, laid about five per cent increase in production volumes. In this case, ALROSA maintains strategic goal for the next few years to reach a production volume of about 40 million carats, "- said president of the company further.
Noting that ALROSA attaches great importance to the care of occupational safety and support of high-performance employees, Andrew Zharkov said that the task of building an effective system of control and safety of production processes to the company's industrial safety management. "Creating a safe working environment - one of the basic principles of the social policy of ALROSA», - he stressed.
http://www.feedage.com/feeds/23910345/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
Dubai introduced import duty on gold and diamond jewelry at a rate of 5%. This factor can hurt Indian exports of jewelry.
Production of jewelery in Dubai is expected to receive a powerful impetus, as their dependence on imports from India will be reduced. The import duty is currently being considered as a prerequisite for the introduction of value added tax in Dubai.
Meanwhile, not all exports of jewelry from India to the UAE will be affected, as many jewelry from India is mainly re-exported from Dubai to other parts mira.Tolko jewelry imported for local use in Dubai will be subject to duty.
The new 5-percent charge, however, can increase the sale of wedding jewelry in India, because many Indian buyers traveled to Dubai for a cheap gold, but now the price difference may not be attractive enough for them.
http://www.feedage.com/feeds/23910357/wedding-pearl-jewelry-bridal-pearl-necklace
Production of jewelery in Dubai is expected to receive a powerful impetus, as their dependence on imports from India will be reduced. The import duty is currently being considered as a prerequisite for the introduction of value added tax in Dubai.
Meanwhile, not all exports of jewelry from India to the UAE will be affected, as many jewelry from India is mainly re-exported from Dubai to other parts mira.Tolko jewelry imported for local use in Dubai will be subject to duty.
The new 5-percent charge, however, can increase the sale of wedding jewelry in India, because many Indian buyers traveled to Dubai for a cheap gold, but now the price difference may not be attractive enough for them.
http://www.feedage.com/feeds/23910357/wedding-pearl-jewelry-bridal-pearl-necklace
Diamond Fields International Ltd. announced that the naval operations of bulk sampling, conducted Mining and Dredging Holding Ltd., the company brought 26 965.45 carats with 111 ML concessions owned by the company.
Removing the bulk sample diamond fields was carried out for 62 days. Two vessels conducted exploration trenches and operation of the vertical drilling and sampling during the period from 10 July to 10 September 2016.
The diamonds were exported to Antwerp, and after minor losses from checking, weighing and cleaning, 26 912.20 carat stones were provided for sale. From this batch of diamond 8975 carats in Antwerp were left for future sale. The remaining 17 936.52 carats were sold for $ 4.73 million, or $ 263.78 per carat.
http://www.feedage.com/feeds/23910343/wedding-pearl-jewelry-bridal-pearl-necklace
Removing the bulk sample diamond fields was carried out for 62 days. Two vessels conducted exploration trenches and operation of the vertical drilling and sampling during the period from 10 July to 10 September 2016.
The diamonds were exported to Antwerp, and after minor losses from checking, weighing and cleaning, 26 912.20 carat stones were provided for sale. From this batch of diamond 8975 carats in Antwerp were left for future sale. The remaining 17 936.52 carats were sold for $ 4.73 million, or $ 263.78 per carat.
http://www.feedage.com/feeds/23910343/wedding-pearl-jewelry-bridal-pearl-necklace
American Gemmological Society (American Gem Society, AGS) presented a tool that enables suppliers and retailers stone diamonds show the characteristics of an interactive electronic format.
Platform "Only my diamond" (Only My Diamond) is an upgrade AGS report on the quality of the diamond. It has improved a set of visual effects and descriptive explanation that will be presented to customers in a unique way.
The new report includes a downloadable PDF file that describes the quality of the stone and the video specification. It also presents images and graphics, including tool assessment of the angular spectrum of the diamond, which shows a picture of the light reflected from the stone.
In the diamond industry there is a need for this service, especially in this, that would support the brand AGS Laboratories, said Dzheyson Kvik (Jason Quick), director of AGS Laboratories.
The tool is an extension of the mission AGS Laboratories to protect the rights of consumers in view of the fact that it informs the consumer in a way that is interactive and engaging, he concluded Quick.
http://www.feedlisting.com/rss-feed-url/898225.html
Platform "Only my diamond" (Only My Diamond) is an upgrade AGS report on the quality of the diamond. It has improved a set of visual effects and descriptive explanation that will be presented to customers in a unique way.
The new report includes a downloadable PDF file that describes the quality of the stone and the video specification. It also presents images and graphics, including tool assessment of the angular spectrum of the diamond, which shows a picture of the light reflected from the stone.
In the diamond industry there is a need for this service, especially in this, that would support the brand AGS Laboratories, said Dzheyson Kvik (Jason Quick), director of AGS Laboratories.
The tool is an extension of the mission AGS Laboratories to protect the rights of consumers in view of the fact that it informs the consumer in a way that is interactive and engaging, he concluded Quick.
http://www.feedlisting.com/rss-feed-url/898225.html
Largest miner Rio Tinto Diamonds jewelry company welcomed the Middle East premium Dhamani as "Favorites Wizard" (Select Atelier) for pink diamonds from the Argyle mine (Argyle).
Dhamani, thus, joined the exclusive group of jewelers and craftsmen of high category with access to direct supplies of rare pink diamonds from the Argyle mine in Australia, and now she is entrusted the creation of pink diamonds to fine jewelry.
Directions Argyle Pink Diamonds Manager Dzhozefin Dzhonson (Josephine Johnson) said:. "Dhamani is important and sumptuous Middle Eastern jewelry retailer having excellent craftsmanship and heritage, dating back over 40 years Collection DPINK - a tribute to the beauty of the pink diamonds from the Argyle and powerful confirmation high-skill Dhamani. We are pleased to welcome as a favorite wizard for pink diamonds from the Argyle mine. "
Founded in 1969, Dhamani is a family business in the second generation, which is based on a passion for rare diamonds and precious jewelry MMA-relics. Chief Executive Officer and Managing Director of Dhamani Amit Dhamani (Amit Dhamani) said: "Since 1969, our family has tirelessly devoted his time working with the rarest diamonds in the world Our new relationship with the Argyle Pink Diamonds are an honor for us and demonstrate our work commitment with the best. partners to ensure that support our dear client base of international fashion experts. "
Dhamani official appointment as an elected master for pink diamonds from the Argyle mine was held in the framework Shopping Festival in Dubai. The company introduced the diamond jewelry Argyle total value of more than $ 25 million.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FJewelryTradition
Dhamani, thus, joined the exclusive group of jewelers and craftsmen of high category with access to direct supplies of rare pink diamonds from the Argyle mine in Australia, and now she is entrusted the creation of pink diamonds to fine jewelry.
Directions Argyle Pink Diamonds Manager Dzhozefin Dzhonson (Josephine Johnson) said:. "Dhamani is important and sumptuous Middle Eastern jewelry retailer having excellent craftsmanship and heritage, dating back over 40 years Collection DPINK - a tribute to the beauty of the pink diamonds from the Argyle and powerful confirmation high-skill Dhamani. We are pleased to welcome as a favorite wizard for pink diamonds from the Argyle mine. "
Founded in 1969, Dhamani is a family business in the second generation, which is based on a passion for rare diamonds and precious jewelry MMA-relics. Chief Executive Officer and Managing Director of Dhamani Amit Dhamani (Amit Dhamani) said: "Since 1969, our family has tirelessly devoted his time working with the rarest diamonds in the world Our new relationship with the Argyle Pink Diamonds are an honor for us and demonstrate our work commitment with the best. partners to ensure that support our dear client base of international fashion experts. "
Dhamani official appointment as an elected master for pink diamonds from the Argyle mine was held in the framework Shopping Festival in Dubai. The company introduced the diamond jewelry Argyle total value of more than $ 25 million.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FJewelryTradition
Executive Director of De Beers Bryus Cleaver (Bruce Cleaver) told The Associated Press said that the representatives of "two thousandth generation" are still buying diamonds, though smaller, because they are less wealthy than their parents were at the same age.
According to Cleaver, representatives of "two thousandth generation" do not adhere to traditions as did their parents. The representatives of this age group make independent purchases are more likely than their parents, while they tend to make decisions about the joint purchase in the event of mutual relations, he added.
On the question of how the company is changing its advertising strategy to reach out to this generation, Cleaver said that diamonds last ads urges men to buy diamonds for women, but now some of the company's marketing strategies are adapted to show a more modern couple, where the solution buying a diamond is a joint. "In fact, the two diamond rings, and two stones have the same dimensions This is very important because it symbolizes equality in the relationship." - he said.
Executive Director of De Beers, said: "China as a whole consumes higher quality diamonds, and consumers are willing to trust brands the United States, as a huge market, consuming anything that gets to the whole value chain in India, tend to consume small-sized stones.. that is very, very small diamonds. "
According to him, the US market currently accounts for about 45% of global demand for diamond jewelery. China, including Hong Kong, makes about 16% of demand. India consumes about 8%, and Japan - about 5% of all diamonds in the world, he added.
http://www.feedage.com/feeds/23910361/classic-pearl-jewelry-tradition-pearl-necklace
According to Cleaver, representatives of "two thousandth generation" do not adhere to traditions as did their parents. The representatives of this age group make independent purchases are more likely than their parents, while they tend to make decisions about the joint purchase in the event of mutual relations, he added.
On the question of how the company is changing its advertising strategy to reach out to this generation, Cleaver said that diamonds last ads urges men to buy diamonds for women, but now some of the company's marketing strategies are adapted to show a more modern couple, where the solution buying a diamond is a joint. "In fact, the two diamond rings, and two stones have the same dimensions This is very important because it symbolizes equality in the relationship." - he said.
Executive Director of De Beers, said: "China as a whole consumes higher quality diamonds, and consumers are willing to trust brands the United States, as a huge market, consuming anything that gets to the whole value chain in India, tend to consume small-sized stones.. that is very, very small diamonds. "
According to him, the US market currently accounts for about 45% of global demand for diamond jewelery. China, including Hong Kong, makes about 16% of demand. India consumes about 8%, and Japan - about 5% of all diamonds in the world, he added.
http://www.feedage.com/feeds/23910361/classic-pearl-jewelry-tradition-pearl-necklace
US retailer The Limited closed all of its 250 stores and translated sale exclusively on its online platform. This factor reflects the increasingly challenging environment for the physical retail stores.
"We sadly have to report that all the stores The Limited nationwide officially closed its doors, - said the company, among which the product is and jewelry -. But that is not goodbye style that you like, is still available on the Internet. - we are now at a distance of just one click away from you, 24 hours a day. "
Holiday sales across the retail industry in the United States has been mixed, and were characterized by a decrease in sales in physical stores, but the jump from online stores.
"We have worked very hard and for nine years held a significant investment in operations to create a sustainable business The Limited, - is said in the Sun Capital Partners, which is the owner of the private The Limited share capital -. In the context of increasingly complex retail, we are very sorry to announce that the company had to make the difficult decision to close its retail outlets. "
http://www.feedage.com/feeds/23910349/classic-pearl-jewelry-tradition-pearl-necklace
"We sadly have to report that all the stores The Limited nationwide officially closed its doors, - said the company, among which the product is and jewelry -. But that is not goodbye style that you like, is still available on the Internet. - we are now at a distance of just one click away from you, 24 hours a day. "
Holiday sales across the retail industry in the United States has been mixed, and were characterized by a decrease in sales in physical stores, but the jump from online stores.
"We have worked very hard and for nine years held a significant investment in operations to create a sustainable business The Limited, - is said in the Sun Capital Partners, which is the owner of the private The Limited share capital -. In the context of increasingly complex retail, we are very sorry to announce that the company had to make the difficult decision to close its retail outlets. "
http://www.feedage.com/feeds/23910349/classic-pearl-jewelry-tradition-pearl-necklace
Richemont jewelry sales jumped 9% to $ 1.86 billion (1.75 billion euros) in the third quarter of the financial year, indicating a recovery in demand for luxury jewelery in the United States and Asia.
Jewelry stores, which include the brands Cartier and Van Cleef & Arpels, increased sales at constant exchange rates to 8% in the three months to December 31, 2016. This period includes the holiday season.
Group revenue increased by 6% to $ 3.29 billion, due to an improvement in jewelry sales and the growth of retail sales in specialized stores time. Sales of all product categories in the Asia-Pacific region jumped 10%, while in the Americas they rose by 8%. In Europe, sales rose by 3%.
While business conditions for companies have improved in most regions, the re-opening of Cartier Mansion in New York in September, partly improved performance in North and South America. Rediscovery of Cartier flagship store in Tokyo has also helped to limit the drop in sales in Japan, which amounted to 1%.
Sales in specialized stores time Richemont, which include brands Baume & Mercier, Piaget and Roger Dubuis, fell 2% to $ 864.9 million. The positive growth in retail sales was offset by weakness in the wholesale segment, though not as pronounced as in prior periods, the company explained.
http://www.feedage.com/feeds/23910358/gift-jewelry-pearl-necklace-pearl-bracelet-pearl-ring-and-pearl-earrings
Jewelry stores, which include the brands Cartier and Van Cleef & Arpels, increased sales at constant exchange rates to 8% in the three months to December 31, 2016. This period includes the holiday season.
Group revenue increased by 6% to $ 3.29 billion, due to an improvement in jewelry sales and the growth of retail sales in specialized stores time. Sales of all product categories in the Asia-Pacific region jumped 10%, while in the Americas they rose by 8%. In Europe, sales rose by 3%.
While business conditions for companies have improved in most regions, the re-opening of Cartier Mansion in New York in September, partly improved performance in North and South America. Rediscovery of Cartier flagship store in Tokyo has also helped to limit the drop in sales in Japan, which amounted to 1%.
Sales in specialized stores time Richemont, which include brands Baume & Mercier, Piaget and Roger Dubuis, fell 2% to $ 864.9 million. The positive growth in retail sales was offset by weakness in the wholesale segment, though not as pronounced as in prior periods, the company explained.
http://www.feedage.com/feeds/23910358/gift-jewelry-pearl-necklace-pearl-bracelet-pearl-ring-and-pearl-earrings
Gem International recently entered into negotiations with the Global Gems for amendments to the existing contract to obtain additional interest in the diamond project Dala (Dala) in the province of Lunda Sul, Angola.
Global Gems owns a 45 percent stake in the project Dala.
Gem International said in a statement that the possible agreement, it can get a 88% stake in the restructured Global Gems project Dala after payment of $ 300,000 and approval of the TSX Exchange. The company will also be required to pay $ 300,000 in the second year after the approval of the transaction and $ 400,000 after the third year.
The Gem International was also informed that the project will be expanded to include the plan for exploration and development rights to six well-known kimberlite pipes.
At the same time, in the Gem announced their intention to hold a private placement for $ 400,000 from the sale of 8,000,000 shares at a price of $ 0.05 per share.
Funds should be used for working capital of the company and preparation of documents related to the regulatory approval of the above, the proposed mechanism, as well as compensation.
http://www.feedage.com/feeds/23910356/pearl-jewelry-pearl-necklace
Global Gems owns a 45 percent stake in the project Dala.
Gem International said in a statement that the possible agreement, it can get a 88% stake in the restructured Global Gems project Dala after payment of $ 300,000 and approval of the TSX Exchange. The company will also be required to pay $ 300,000 in the second year after the approval of the transaction and $ 400,000 after the third year.
The Gem International was also informed that the project will be expanded to include the plan for exploration and development rights to six well-known kimberlite pipes.
At the same time, in the Gem announced their intention to hold a private placement for $ 400,000 from the sale of 8,000,000 shares at a price of $ 0.05 per share.
Funds should be used for working capital of the company and preparation of documents related to the regulatory approval of the above, the proposed mechanism, as well as compensation.
http://www.feedage.com/feeds/23910356/pearl-jewelry-pearl-necklace
Because of the liquidity crisis, the rural population of India gives gold reserves of the household for disposal before the wedding season, which starts on 15 January. Indian citizens can not or do not want to spend money on jewelry, according to the ET report.
"The deficit of cash forced the agricultural community to recycle their old gold to meet demand in the wedding season Buying gold for cash has fallen by almost 50% in rural India.", - said Nitin Khandelval (Nitin Khandelwal), chairman of the All India Federation of dealers in precious stones and jewelery (All India Gem & Jewellery Traders Federation , GJF).
Jewelry companies also say that they are trying to encourage people to recycle old gold. For example, Malabar Gold & Diamonds has introduced a scheme offering a bonus of 100 grams of the new gold in exchange for the old diamond jewelry.
While rural India rely on old gold to meet demand before the wedding season, jewelers do not see significant growth in new purchases of gold jewelry in the first three months of this year. Rural India consumes about 60% of the gold imported into the country.
According to the Indian Association of gold and jewelers (Indian Bullion and Jewellers Association, IBJA ), in 2015, 905 tonnes of gold was imported into the country. At the same time in 2016 it was imported much less than gold, or 493 tons.
http://www.feedage.com/feeds/23910348/gift-jewelry-pearl-necklace-pearl-bracelet-pearl-ring-and-pearl-earrings
"The deficit of cash forced the agricultural community to recycle their old gold to meet demand in the wedding season Buying gold for cash has fallen by almost 50% in rural India.", - said Nitin Khandelval (Nitin Khandelwal), chairman of the All India Federation of dealers in precious stones and jewelery (All India Gem & Jewellery Traders Federation , GJF).
Jewelry companies also say that they are trying to encourage people to recycle old gold. For example, Malabar Gold & Diamonds has introduced a scheme offering a bonus of 100 grams of the new gold in exchange for the old diamond jewelry.
While rural India rely on old gold to meet demand before the wedding season, jewelers do not see significant growth in new purchases of gold jewelry in the first three months of this year. Rural India consumes about 60% of the gold imported into the country.
According to the Indian Association of gold and jewelers (Indian Bullion and Jewellers Association, IBJA ), in 2015, 905 tonnes of gold was imported into the country. At the same time in 2016 it was imported much less than gold, or 493 tons.
http://www.feedage.com/feeds/23910348/gift-jewelry-pearl-necklace-pearl-bracelet-pearl-ring-and-pearl-earrings
The official website of the meeting the President and the Seminar on Financing WFDB (World Federation of Diamond Bourses, WFDB ) and the International Diamond Manufacturers Association (International Diamond Manufacturers Association, IDMA) , which will be held February 5-8 this year, was launched.
Four-day event organized by the Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) and the Indian Diamond Exchange (Bharat Diamond Bourse, BDB), will be held at the Taj Lands End in Mumbai and will begin with the WFDB committees and IDMA 5 February. Then will take place a seminar on financing, the meeting of the Presidents of Diamond Bourses and the joint meeting of the WFDB and IDMA Presidents.
WFDB President Ernie Blom (Ernie Blom) said: "We have invited experts from the banking and financial community, as well as industry stakeholders to participate and give their opinion is important there are many issues that need to be addressed immediately, and I look forward to very interesting. and complex discussions. We aim to establish a regular dialogue between banks and other vendors to develop solutions in the diamond industry, as well as a task force on the issue of funding to speed up decision-making. We also strive to create educational online courses for all members of Diamond Bourses, associated with the WFDB, and conduct a roundtable discussion that will take place in all major diamond centers. This Summit will play a crucial role, so we ask that members of all trade organizations to attend on it. "
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FClassicalPearl
Four-day event organized by the Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) and the Indian Diamond Exchange (Bharat Diamond Bourse, BDB), will be held at the Taj Lands End in Mumbai and will begin with the WFDB committees and IDMA 5 February. Then will take place a seminar on financing, the meeting of the Presidents of Diamond Bourses and the joint meeting of the WFDB and IDMA Presidents.
WFDB President Ernie Blom (Ernie Blom) said: "We have invited experts from the banking and financial community, as well as industry stakeholders to participate and give their opinion is important there are many issues that need to be addressed immediately, and I look forward to very interesting. and complex discussions. We aim to establish a regular dialogue between banks and other vendors to develop solutions in the diamond industry, as well as a task force on the issue of funding to speed up decision-making. We also strive to create educational online courses for all members of Diamond Bourses, associated with the WFDB, and conduct a roundtable discussion that will take place in all major diamond centers. This Summit will play a crucial role, so we ask that members of all trade organizations to attend on it. "
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FClassicalPearl
The evaluation in accordance with the JORC Code, Micon conducted by independent experts of the company, ALROSA resources were 1 030 million carats of reserves amounted to 653 million carats.
The perimeter of the assets of the company for which resource estimate was carried out, remained unchanged from the previous report.
The evaluation in the category of stocks were transferred resources "Upper Muna" deposit tube "Dawn" kimberlite body "May" and placer "Botuobinskaya" c update the economic model of relevant mining and processing of plants.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJewelries
The perimeter of the assets of the company for which resource estimate was carried out, remained unchanged from the previous report.
The evaluation in the category of stocks were transferred resources "Upper Muna" deposit tube "Dawn" kimberlite body "May" and placer "Botuobinskaya" c update the economic model of relevant mining and processing of plants.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJewelries
The major international diamond trader Beni Shteynmets (Beny Steinmetz) on Wednesday has been released from house arrest, reports the Times of Israel.
Last month, Israeli police arrested the owner of BSG Resources (BSGR) on suspicion of bribing government officials in Guinea. According to law enforcement officials, bribery was used to obtain the rights to the extraction of iron ore in the vast project Simandu (Simandou).
Billionaire Steinmetz and other Israeli businessmen are suspected by the police, paid tens of millions of dollars to senior government officials of Guinea party to obtain a license for the project.
Meanwhile, BSGR consistently rejected all accusations against their leader.
"In BSGR are firmly convinced that the accusations of bribery Guinea government officials not only baseless, but are systematic attempts by the Government of Guinea to cover the endemic corruption that plague the country for several years", - said a spokesman for BSGR, which quotes mining.com.
According BSGR, an investigation was initiated by the Government of Guinea, with the support of international police agencies in the US, UK and Switzerland.
Arrest Steinmetz became perhaps the most dramatic turn in the case of field Simandu, which is also "shocked to the core" the world's second-largest mining company, Rio Tinto.
The report also mentions mining.com that Rio Tinto has recently published e-mails addressed to certain of its leaders in May 2011 in connection with the questionable payments external consultant working on the project Simandu the company. Just one month, this publication has caused a number of checks, as well as several reorganization of the administrative apparatus, including the dismissal of Alana Devisa (Alan Davies), Chief Executive Officer for the extraction of energy resources and minerals Rio Tinto. Previously, he has promised to take "the strongest possible legal action" against Rio Tinto.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FBridalPearls
The London Diamond Bourse (London Diamond Bourse, LDB) will hold its second Open Day on 23 January, hoping to tell the members of the diamond industry about the innovations of the trading house. The purpose of this event - to provide visitors with the opportunity to find new suppliers, to assess the prospects of joint activities or just to look at the range of products on the market.
According to the stock exchange, visitors will be able to find a suitable range of diamonds from the very small to large, colored gems, fancy diamonds, a series of premium watches, jewelry, ethically produced gems, as well as be able to restore the damaged jewelry, get courier services, insurance services - all under one roof.
Tickets for the event are free, but the entrance is through ticket control.
LDB assortment and services are provided by the members of the stock exchange in the United Kingdom, who observe a strict code of conduct and are considered to be people occupying a high position in society, which is the cumulative experience in the diamond industry is over a thousand years.
Chief Operating Officer LDB Viktoriya Makkey (Victoria Mckay) said: "The members of the London diamond exchange can fulfill the requirements to supply the jewelry industry raw material every day We are very pleased to hold another open day, as events like this allow experts in the trade. develop relationships with our members and provide them with the opportunity to discover new suppliers who have a supply of products readily available in the UK. "
LDB was founded in 1945. The organization is an important member of the World Federation of Diamond Bourses (World Federation of Diamond Bourses, WFDB ) and one of 30 diamond trading platforms in the world.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FGiftJewelryPearl
According to the stock exchange, visitors will be able to find a suitable range of diamonds from the very small to large, colored gems, fancy diamonds, a series of premium watches, jewelry, ethically produced gems, as well as be able to restore the damaged jewelry, get courier services, insurance services - all under one roof.
Tickets for the event are free, but the entrance is through ticket control.
LDB assortment and services are provided by the members of the stock exchange in the United Kingdom, who observe a strict code of conduct and are considered to be people occupying a high position in society, which is the cumulative experience in the diamond industry is over a thousand years.
Chief Operating Officer LDB Viktoriya Makkey (Victoria Mckay) said: "The members of the London diamond exchange can fulfill the requirements to supply the jewelry industry raw material every day We are very pleased to hold another open day, as events like this allow experts in the trade. develop relationships with our members and provide them with the opportunity to discover new suppliers who have a supply of products readily available in the UK. "
LDB was founded in 1945. The organization is an important member of the World Federation of Diamond Bourses (World Federation of Diamond Bourses, WFDB ) and one of 30 diamond trading platforms in the world.
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Chow Tai Fook Jewellery Group Ltd said its retail sales in the three months to December 31, 2016 improved to mainland China, however, deteriorated to Hong Kong and Macao.
Sales growth in mainland China accounted for 7% compared to the same period of the previous year, but in Hong Kong and Macao it fell by 6% in the same period.
In mainland China jewelry with precious stones had a share of 24%, gold products - 60%, the share of production of platinum and karat gold is 11%, and hours - 5%.
At the same time on the market of jewelry with stones in Hong Kong and Macau accounted for 26% and 58% gold products, for platinum jewelery and articles carat gold 10% and 6% on the clock.
Comparable sales figures reflect the same trend: 4% growth for the Chinese mainland, but the fall of 2% in Hong Kong and Macau. Volumes comparable sales for the two areas were similar and showed a 9 percent decline.
Chow Tai Fook also released sales data over the Internet in mainland China, which grew by 25% and resulted in 4% - 12% of all retail sales in the 3rd quarter.
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Sales growth in mainland China accounted for 7% compared to the same period of the previous year, but in Hong Kong and Macao it fell by 6% in the same period.
In mainland China jewelry with precious stones had a share of 24%, gold products - 60%, the share of production of platinum and karat gold is 11%, and hours - 5%.
At the same time on the market of jewelry with stones in Hong Kong and Macau accounted for 26% and 58% gold products, for platinum jewelery and articles carat gold 10% and 6% on the clock.
Comparable sales figures reflect the same trend: 4% growth for the Chinese mainland, but the fall of 2% in Hong Kong and Macau. Volumes comparable sales for the two areas were similar and showed a 9 percent decline.
Chow Tai Fook also released sales data over the Internet in mainland China, which grew by 25% and resulted in 4% - 12% of all retail sales in the 3rd quarter.
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Aurex Holdings, jeweler from Zimbabwe, said that the local market it is difficult to grow their business because of lower incomes and overall liquidity in the country.
NewsDay quoted CEO Paipu Munhumutemu (Paipa Munhumutema), who said that the jewelry manufacturer was forced to step up efforts to sign partnership agreements with international players.
Aurex said its share is only slightly increased in the market, despite a 50 percent increase in their wedding jewelry business, forcing the company to shift its focus on the international market.
Munhumutema said that jewelry company is in talks with "famous player" in the international diamond industry, which will help it gain a foothold in the international market.
"This is an area that takes a long time to grow, because we have to agree to enter the market with its international partners. Over the past year we have focused on signing a technical partnership agreement with a company that will help us to gain a foothold in the international market. We have nearly completed negotiations one technical partner, which we hope will give us access to the international market, "- he said.
"In terms of different products, there are fashion jewelry and bridal jewelry. At the wedding jewelry market, I think we have a large market share, and more than 50 prodtsentnuyu share in terms of presence in this market (in Zimbabwe), but this is the market where we need to do more, "- he added.
Aurex, a wholly owned subsidiary of the Reserve Bank of Zimbabwe, has eight retail stores across the country.
The company buys diamonds at auctions Minerals Marketing Corporation of Zimbabwe and Murowa, and then carries out facet for subsequent sale.
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NewsDay quoted CEO Paipu Munhumutemu (Paipa Munhumutema), who said that the jewelry manufacturer was forced to step up efforts to sign partnership agreements with international players.
Aurex said its share is only slightly increased in the market, despite a 50 percent increase in their wedding jewelry business, forcing the company to shift its focus on the international market.
Munhumutema said that jewelry company is in talks with "famous player" in the international diamond industry, which will help it gain a foothold in the international market.
"This is an area that takes a long time to grow, because we have to agree to enter the market with its international partners. Over the past year we have focused on signing a technical partnership agreement with a company that will help us to gain a foothold in the international market. We have nearly completed negotiations one technical partner, which we hope will give us access to the international market, "- he said.
"In terms of different products, there are fashion jewelry and bridal jewelry. At the wedding jewelry market, I think we have a large market share, and more than 50 prodtsentnuyu share in terms of presence in this market (in Zimbabwe), but this is the market where we need to do more, "- he added.
Aurex, a wholly owned subsidiary of the Reserve Bank of Zimbabwe, has eight retail stores across the country.
The company buys diamonds at auctions Minerals Marketing Corporation of Zimbabwe and Murowa, and then carries out facet for subsequent sale.
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In DiamondCorp it stated that the company is very important to reach an agreement with the Association of Workers' and mine builders (Association of Mineworkers and Construction Union, AMCU) and settle staff reductions, to formally initiate and complete mine translation process Lace (Lace) in South Africa on care and maintenance service.
The company noted that the first phase of the mine on care and translation service will entail the need to re-enter into operation pumping station and transfer to the underground workings of the mine standby to restart.
DiamondCorp also said that the second phase of production at the site UK4 continues, but the company will now need to arrange additional financing for the access to the development of kimberlites deeper than the current level of production, in particular, at around -500m.
"The company's management is negotiating with senior directors with a view to their participation in the second phase of fund-raising and management of production in the Lace", - noted in the company.
"It is expected that additional positions with executive powers, and without them would be filled on the board," - continued DiamondCorp.
At the same time, DiamondCorp also said that plans to get £ 1 million ($ 1.2 million) through the sale of shares at a price of about $ 0.05 per paper.
Revenues from the offering will be mainly used for mine content to the beginning or middle of April 2017, as well as the direct costs associated with his alleged revival.
Nevertheless, the completion of fundraising - a prerequisite of negotiations between DiamondCorp and expert on remediation companies Deloitte & Touche and AMCU for cuts and unpaid wages, the company said.
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The company noted that the first phase of the mine on care and translation service will entail the need to re-enter into operation pumping station and transfer to the underground workings of the mine standby to restart.
DiamondCorp also said that the second phase of production at the site UK4 continues, but the company will now need to arrange additional financing for the access to the development of kimberlites deeper than the current level of production, in particular, at around -500m.
"The company's management is negotiating with senior directors with a view to their participation in the second phase of fund-raising and management of production in the Lace", - noted in the company.
"It is expected that additional positions with executive powers, and without them would be filled on the board," - continued DiamondCorp.
At the same time, DiamondCorp also said that plans to get £ 1 million ($ 1.2 million) through the sale of shares at a price of about $ 0.05 per paper.
Revenues from the offering will be mainly used for mine content to the beginning or middle of April 2017, as well as the direct costs associated with his alleged revival.
Nevertheless, the completion of fundraising - a prerequisite of negotiations between DiamondCorp and expert on remediation companies Deloitte & Touche and AMCU for cuts and unpaid wages, the company said.
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Italian exhibition group of Italian Exhibition Group SpA (IEG), founded by the merger of Rimini Fiera and Fiera di Vicenza, received January 12 in New York, prestigious international recognition by the World Jewelery Confederation (CIBJO) - the official accreditation of the Economic and Social Council (ECOSOC) United Nations (UN) - for activities related to the proliferation of corporate social responsibility among suppliers of jewelry, articles of precious metals and stones.
IEG said that this year's January exhibition VICENZAORO, which will be held from 20 to 25 January in the city of Vicenza, is dedicated to promoting corporate social responsibility in the world of industry, specializing in gold and jewelry production.
"For us it is an honor to receive the recognition that our group and VICENZAORO are a further confirmation of our status thanks, in particular, to fruitful cooperation with CIBJO to disseminate corporate social responsibility culture, its social and economic impact throughout the supply chain", - Matteo said Marzotto (Matteo Marzotto), executive vice president of IEG.
As part of the January exhibition VICENZAORO the presentation of awards for corporate social responsibility in the jewelry industry, which will be awarded to the company or individual who achieved the best results in the implementation of corporate social responsibility, respect for human rights, as well as ethical, social and environmental aspects in the world of gold and other jewelry under the aegis of ECOSOC.
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IEG said that this year's January exhibition VICENZAORO, which will be held from 20 to 25 January in the city of Vicenza, is dedicated to promoting corporate social responsibility in the world of industry, specializing in gold and jewelry production.
"For us it is an honor to receive the recognition that our group and VICENZAORO are a further confirmation of our status thanks, in particular, to fruitful cooperation with CIBJO to disseminate corporate social responsibility culture, its social and economic impact throughout the supply chain", - Matteo said Marzotto (Matteo Marzotto), executive vice president of IEG.
As part of the January exhibition VICENZAORO the presentation of awards for corporate social responsibility in the jewelry industry, which will be awarded to the company or individual who achieved the best results in the implementation of corporate social responsibility, respect for human rights, as well as ethical, social and environmental aspects in the world of gold and other jewelry under the aegis of ECOSOC.
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British auction house Fellows last week organized a jewelry auction, which brought a total of $ 627,000, and was able to realize 74% of the lots in volume and 87% in value.
The most expensive lot was a ring with a round diamond weighing 6.43 carat K color VVS2 purity. It went under the hammer for $ 38,986, or $ 6063 per carat.
Fellows also possible to realize a diadem end Victorian from silver and gold with diamonds weighing from 19 to 20 carats colors from J to L purity from SI2 to P1, I1 equivalent class in GIA evaluation. The product has been sold for $ 19, 493.
Other notable items included diamond "old cut" weighing 6.90 carats, "light coloration" SI purity rimmed in the ring cost $ 14,620, or $ 2119 per carat.
Fellows planning to hold another sale of jewels January 19, and three - in February.
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The most expensive lot was a ring with a round diamond weighing 6.43 carat K color VVS2 purity. It went under the hammer for $ 38,986, or $ 6063 per carat.
Fellows also possible to realize a diadem end Victorian from silver and gold with diamonds weighing from 19 to 20 carats colors from J to L purity from SI2 to P1, I1 equivalent class in GIA evaluation. The product has been sold for $ 19, 493.
Other notable items included diamond "old cut" weighing 6.90 carats, "light coloration" SI purity rimmed in the ring cost $ 14,620, or $ 2119 per carat.
Fellows planning to hold another sale of jewels January 19, and three - in February.
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ALROSA held space radar monitoring surface displacement in areas such kinds of diamond deposits.
According to information received, the company facilities are located in seismically stable condition. Shifts of the earth's surface, though there are, but they are minimal and within acceptable standards and tolerances.
The first series of radar satellite imagery territory Udachninsky Mining took place in the period from June to October of last year. At the beginning of January 2017 we were received the first data that formed the basis of a dynamic model of vertical displacements of the earth's surface that occurred on the territory of Udachninsky GOK over the study period. The following series of pictures will take place from June to September 2017.
Studies are needed for the timely identification of possible displacements of the earth's surface above the underground mining sites, strains boards and ledges quarries, as well as natural and man-caused displacement structures located near of the deposit.
Monitoring method using satellite radar interferometry has advantage over terrestrial geodetic observations satellite surveying. It enables coverage of large areas that the company, taking into account the large area of activity of mining and processing enterprises, is important. The above set of measures intended to improve industrial safety in mining operations on subsoil operated facilities.
Regular independent assessment of the displacement distance with millimeter precision on the whole area of the earth's surface industrial areas GOKov company, which is about 5,000 hectares, will be carried out during the 2017-2018 period.
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According to information received, the company facilities are located in seismically stable condition. Shifts of the earth's surface, though there are, but they are minimal and within acceptable standards and tolerances.
The first series of radar satellite imagery territory Udachninsky Mining took place in the period from June to October of last year. At the beginning of January 2017 we were received the first data that formed the basis of a dynamic model of vertical displacements of the earth's surface that occurred on the territory of Udachninsky GOK over the study period. The following series of pictures will take place from June to September 2017.
Studies are needed for the timely identification of possible displacements of the earth's surface above the underground mining sites, strains boards and ledges quarries, as well as natural and man-caused displacement structures located near of the deposit.
Monitoring method using satellite radar interferometry has advantage over terrestrial geodetic observations satellite surveying. It enables coverage of large areas that the company, taking into account the large area of activity of mining and processing enterprises, is important. The above set of measures intended to improve industrial safety in mining operations on subsoil operated facilities.
Regular independent assessment of the displacement distance with millimeter precision on the whole area of the earth's surface industrial areas GOKov company, which is about 5,000 hectares, will be carried out during the 2017-2018 period.
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Societe Miniere de Bakwanga (MIBA), a joint Belgian-Congolese company, operating in the central part of the Democratic Republic of the Congo (DRC), denies the production of large diamonds weighing over 87 carats, valued at more than $ 6 million.
Agency Congolese News Agency (ACP) states that stone was found in the processing of kimberlite in the enterprise.
Portal Diamond Loupe leads MIBA data showing that the company was closed down ten years ago.
"However, of MIBA would like to reiterate that in its vaults is a stone weighing 146.24 carats mined December 21, 2016, which will be sold in accordance with legal procedures, when market conditions allow it", - the company said.
Diamond Loupe claims that MIBA is in a "crisis for many years."
It is alleged that the company can not pay the social debt, which is estimated at more than $ 150 million, although the leaders of the mining company promised to increase diamond production.
About 80% of MIBA shares owned by the government of the DRC, and the remaining share - Sibeka, Umicore former subsidiary, which in turn is owned by Mwana Africa.
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Agency Congolese News Agency (ACP) states that stone was found in the processing of kimberlite in the enterprise.
Portal Diamond Loupe leads MIBA data showing that the company was closed down ten years ago.
"However, of MIBA would like to reiterate that in its vaults is a stone weighing 146.24 carats mined December 21, 2016, which will be sold in accordance with legal procedures, when market conditions allow it", - the company said.
Diamond Loupe claims that MIBA is in a "crisis for many years."
It is alleged that the company can not pay the social debt, which is estimated at more than $ 150 million, although the leaders of the mining company promised to increase diamond production.
About 80% of MIBA shares owned by the government of the DRC, and the remaining share - Sibeka, Umicore former subsidiary, which in turn is owned by Mwana Africa.
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The representative of the State media of Zimbabwe, which is said to be representative of President Robert Mugabe, said that the latter had lied about the alleged theft of diamonds worth $ 15 billion from Marange (Marange), to achieve the consolidation of mining companies.
Early last year, Zimbabwe Consolidated Diamond Company (ZCDC) was created to allegedly prevent leakage from diamond revenues abroad.
Former Diamond miners were pushed out of the concession after the majority of them refused to be a part of the combined company.
Journalist Zimbabwean Herald Nathaniel Manheru newspaper (Nathaniel Manheru), the name of which, presumably, says a spokesman for Zimbabwe's President George Sharamba (George Charamba), argued that, according to Mugabe and others responsible for the president's information, a massive leak of income from diamond sales was fiction.
As Manheru claims Mugabe laughed when he was asked to confirm the suspected diamond revenues of $ 15 billion.
The president asked the reporter, on how much last year's diamonds were sold in the world, and received the answer that this figure is about $ 14 billion.
"This figure ($ 15 billion), which I just mentioned, that it drives people into a stupor - said Mugabe -. I wanted to draw attention to the need to control the country's diamond resources to ensure full accountability of their operation, and I reached the national Watch yo Ania, I wanted to achieve. "
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Early last year, Zimbabwe Consolidated Diamond Company (ZCDC) was created to allegedly prevent leakage from diamond revenues abroad.
Former Diamond miners were pushed out of the concession after the majority of them refused to be a part of the combined company.
Journalist Zimbabwean Herald Nathaniel Manheru newspaper (Nathaniel Manheru), the name of which, presumably, says a spokesman for Zimbabwe's President George Sharamba (George Charamba), argued that, according to Mugabe and others responsible for the president's information, a massive leak of income from diamond sales was fiction.
As Manheru claims Mugabe laughed when he was asked to confirm the suspected diamond revenues of $ 15 billion.
The president asked the reporter, on how much last year's diamonds were sold in the world, and received the answer that this figure is about $ 14 billion.
"This figure ($ 15 billion), which I just mentioned, that it drives people into a stupor - said Mugabe -. I wanted to draw attention to the need to control the country's diamond resources to ensure full accountability of their operation, and I reached the national Watch yo Ania, I wanted to achieve. "
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Richline Group companies acquired The Aaron Group, jewelry manufacturer. Conglomerate continues to drive growth through mergers and acquisitions.
The companies did not disclose terms of the deal, which was the fifth acquisition Richline in the last 12 months.
"This acquisition will enable The Aaron Group continue to be the leader in the segment of wedding jewelry, fashion and fine jewelry with precious stones, as well as allow it to use advanced Richline capabilities across our entire value chain jewelry" - said Dennis Ulrich (Dennis ulrich), CEO of Richline.
In addition to the introduction of new projects and collections faster absorption and helps to achieve faster growth, said Robert Kempler (Robert Kempler), President of The Aaron Group.
The Aaron Group Company was founded in 1950 and grew out of the New York jewelry store to the manufacturer with global operations in New York, London, Mumbai and China.
Jewelry manufacturer Richline, a subsidiary of Berkshire Hathaway, Warren Buffett, has bought four companies in the period from April to October. The last of these is the Silpada Designs, dealer silver jewelry based mothers housewives.
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The companies did not disclose terms of the deal, which was the fifth acquisition Richline in the last 12 months.
"This acquisition will enable The Aaron Group continue to be the leader in the segment of wedding jewelry, fashion and fine jewelry with precious stones, as well as allow it to use advanced Richline capabilities across our entire value chain jewelry" - said Dennis Ulrich (Dennis ulrich), CEO of Richline.
In addition to the introduction of new projects and collections faster absorption and helps to achieve faster growth, said Robert Kempler (Robert Kempler), President of The Aaron Group.
The Aaron Group Company was founded in 1950 and grew out of the New York jewelry store to the manufacturer with global operations in New York, London, Mumbai and China.
Jewelry manufacturer Richline, a subsidiary of Berkshire Hathaway, Warren Buffett, has bought four companies in the period from April to October. The last of these is the Silpada Designs, dealer silver jewelry based mothers housewives.
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In December 2016 India's polished exports rose by 22.5% compared to the same period last year, to $ 1.49 billion, versus $ 1.21 billion in December 2015. This is evidenced by the preliminary data of the Council to promote the export of gems and jewelery (Gem and Jewellery Export Promotion Council, GJEPC).
Rough imports fell by 4.7% in value to $ 1.40 billion in December 2016, compared to $ 1.46 billion in December 2015. In volume diamond imports fell to 10.8 million carats, compared to 15 million carats in the same period of the previous year.
Polished diamond imports to India in December 2016 fell by 14% to $ 205.35 million, compared to $ 239 million in December last year.
During the first 9 months of fiscal year 2016 (April-December), India's polished exports rose 13% to $ 16.88 billion against $ 14.93 billion in the same period a year earlier. Also during the reporting period the volume of diamond exports declined from 22.59 million carats to 21.60 million carats.
Since the beginning of fiscal year 2016 (April-December), the import of rough diamonds to India increased by 25.4% compared to the same period last year to $ 12.69 billion against $ 10.11 billion a year earlier. By this volume index increased by 8.2% to 103.4 million carats, against 95.5 million carats a year earlier.
Polished imports for the 9-month period from the beginning of the 2016 fiscal year was $ 2.01 billion, which is 3.8% lower than the $ 2.09 billion in the same period of the previous year.
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Rough imports fell by 4.7% in value to $ 1.40 billion in December 2016, compared to $ 1.46 billion in December 2015. In volume diamond imports fell to 10.8 million carats, compared to 15 million carats in the same period of the previous year.
Polished diamond imports to India in December 2016 fell by 14% to $ 205.35 million, compared to $ 239 million in December last year.
During the first 9 months of fiscal year 2016 (April-December), India's polished exports rose 13% to $ 16.88 billion against $ 14.93 billion in the same period a year earlier. Also during the reporting period the volume of diamond exports declined from 22.59 million carats to 21.60 million carats.
Since the beginning of fiscal year 2016 (April-December), the import of rough diamonds to India increased by 25.4% compared to the same period last year to $ 12.69 billion against $ 10.11 billion a year earlier. By this volume index increased by 8.2% to 103.4 million carats, against 95.5 million carats a year earlier.
Polished imports for the 9-month period from the beginning of the 2016 fiscal year was $ 2.01 billion, which is 3.8% lower than the $ 2.09 billion in the same period of the previous year.
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One of the world's largest mining company Rio Tinto has released its report on the results of operations for 2016, reporting a 4-percent rise in diamond mining.
In the fourth quarter to December 31, 2016 diamond-mining unit of Rio Tinto Diamonds, the company reported an increase in production by 7% compared to the same period of the previous year.
According to the company, diamond production in 2016 amounted to 17.9 million carats, compared with 17.3 million carats in 2015. In the past quarter production totaled 4.6 million carats from 4.3 million carats in the same period a year earlier.
The mine Argyle (Argyle) diamond production was 4% higher in 2016 than in 2015, against a background of increasing exploitation of the underground mine. Higher volumes of ore processing were partially offset lower diamond content in the rock.
The company also said that its diamond production forecast for 2017 is between 19 to 24 million carats. Currently, Rio Tinto Diamonds has a 100 percent stake in the Argyle mine in Australia and 60% stake in the Diavik mine (Diavik) in Canada.
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In the fourth quarter to December 31, 2016 diamond-mining unit of Rio Tinto Diamonds, the company reported an increase in production by 7% compared to the same period of the previous year.
According to the company, diamond production in 2016 amounted to 17.9 million carats, compared with 17.3 million carats in 2015. In the past quarter production totaled 4.6 million carats from 4.3 million carats in the same period a year earlier.
The mine Argyle (Argyle) diamond production was 4% higher in 2016 than in 2015, against a background of increasing exploitation of the underground mine. Higher volumes of ore processing were partially offset lower diamond content in the rock.
The company also said that its diamond production forecast for 2017 is between 19 to 24 million carats. Currently, Rio Tinto Diamonds has a 100 percent stake in the Argyle mine in Australia and 60% stake in the Diavik mine (Diavik) in Canada.
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Auction house Sotheby's has launched a new business unit sales of goods classified as "luxury" and lifestyle, putting in his head of an experienced auctioneer Martin ten Holder (Marteen ten Holder).
The restructuring combines category of jewelry, watches, wine, cars and "experience" under the guidance of a new managing director.
Holder began his career at Sotheby's in Amsterdam, played a role in the sales of large country houses across Europe. He was also involved in the sale of jewelry, including a record-breaking auction in Geneva in May 2016, which brought $ 175 million.
He was also involved in car auctions since 2005. In November, he was the auctioneer in Milan at Europe's largest selling collector cars Sotheby's. The auction attracted more than 3,000 bidders and twice exceeded expectations in sales, to $ 54.9 million.
Holder will move to New York from London, where he did the director of Sotheby's operations was recently the manager of Europe, Middle East, India and Africa.
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The restructuring combines category of jewelry, watches, wine, cars and "experience" under the guidance of a new managing director.
Holder began his career at Sotheby's in Amsterdam, played a role in the sales of large country houses across Europe. He was also involved in the sale of jewelry, including a record-breaking auction in Geneva in May 2016, which brought $ 175 million.
He was also involved in car auctions since 2005. In November, he was the auctioneer in Milan at Europe's largest selling collector cars Sotheby's. The auction attracted more than 3,000 bidders and twice exceeded expectations in sales, to $ 54.9 million.
Holder will move to New York from London, where he did the director of Sotheby's operations was recently the manager of Europe, Middle East, India and Africa.
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Mbada Diamonds, one of the companies in the region Marange (Marange), which led to the extraction of diamonds since 2007 and whose diamond concessions were confiscated by the Zimbabwean authorities in early 2016, has been accused of shortage of millions of dollars to the state treasury due to the undervaluation of the extracted stones on for many years.
The average price per carat of diamonds allegedly was approximately three times lower than that of other companies, mining gems in Marange, according to the Herald newspaper.
This fact was revealed during a visit by a government commission concession.
"The average selling price of a diamond company Anjin was $ 44 per carat, for DMC (Diamond Mining Company) - $ 46,66 per carat for DTZ (OZGEO) it was at the level of $ 49.42 per carat, while Jinan it was the highest and amounted to . $ 89 per carat then go Marange with an average price of $ 67.60 per carat, and closes the list with the worst result Mbada a price of $ 23 per carat, "- said the head of the Zimbabwe Consolidated Diamond Company (ZCDC) Nyashanu Ridge (Ridge Nyashanu).
"If you look at Mbada, then its concession has the highest concentration of diamonds and their quality, but it is unclear why the average price was only at the level of $ 23 per carat In my opinion, this fact -. A good reason for the consolidation you need transparency, and you. We need to monitor what is happening with your diamonds This is the best concession (Mbada), but with worse results, "-. he added.
Mbada was one of the companies which opposed the judicial decision on the audit of the Marange diamond mining operations, initiated by the government, forcing the authorities to invoke the powers of the Auditor General to continue these actions.
The audit is still underway.
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The average price per carat of diamonds allegedly was approximately three times lower than that of other companies, mining gems in Marange, according to the Herald newspaper.
This fact was revealed during a visit by a government commission concession.
"The average selling price of a diamond company Anjin was $ 44 per carat, for DMC (Diamond Mining Company) - $ 46,66 per carat for DTZ (OZGEO) it was at the level of $ 49.42 per carat, while Jinan it was the highest and amounted to . $ 89 per carat then go Marange with an average price of $ 67.60 per carat, and closes the list with the worst result Mbada a price of $ 23 per carat, "- said the head of the Zimbabwe Consolidated Diamond Company (ZCDC) Nyashanu Ridge (Ridge Nyashanu).
"If you look at Mbada, then its concession has the highest concentration of diamonds and their quality, but it is unclear why the average price was only at the level of $ 23 per carat In my opinion, this fact -. A good reason for the consolidation you need transparency, and you. We need to monitor what is happening with your diamonds This is the best concession (Mbada), but with worse results, "-. he added.
Mbada was one of the companies which opposed the judicial decision on the audit of the Marange diamond mining operations, initiated by the government, forcing the authorities to invoke the powers of the Auditor General to continue these actions.
The audit is still underway.
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Accelerated recovery of the US economy led to growth in holiday retail sales by 4%, according to the National Retail Federation (National Retail Federation, NRF) quoted by Rapaport portal.
The NRF said that total sales in November and December rose to $ 658.3 billion, exceeding forecasts, while sales outside the physical stores and on the Internet increased by 13% to $ 122.9 billion. December sales in 2016 increased by 3.2 % compared to December 2015 without adjusting for seasonal variations.
At the same time, some retailers reported a decline in sales volume, including JC Penney, Kohl's and Macy's . Macy's previously announced the planned closure of 62 stores. Signet Jewelers also reported that holiday sales fell by 5.1%, and the estimated total sales of retailer performance jewelery sector were unchanged or declined slightly.
The NRF recognize this variation in different segments and reported a 7 percent drop in sales in supermarkets.
"Retail reflects the economy and even, perhaps, for individual companies retain some irregularities, the retail industry as a whole showed a solid result in the holiday season, retailers will work to maintain high performance and at the end of this year..", - said the President and CEO Director NRF Mettyu Shey (Matthew Shay). "These figures show a slow but steady economic recovery in the country is gaining momentum, and that consumers feel confident about the future."
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The NRF said that total sales in November and December rose to $ 658.3 billion, exceeding forecasts, while sales outside the physical stores and on the Internet increased by 13% to $ 122.9 billion. December sales in 2016 increased by 3.2 % compared to December 2015 without adjusting for seasonal variations.
At the same time, some retailers reported a decline in sales volume, including JC Penney, Kohl's and Macy's . Macy's previously announced the planned closure of 62 stores. Signet Jewelers also reported that holiday sales fell by 5.1%, and the estimated total sales of retailer performance jewelery sector were unchanged or declined slightly.
The NRF recognize this variation in different segments and reported a 7 percent drop in sales in supermarkets.
"Retail reflects the economy and even, perhaps, for individual companies retain some irregularities, the retail industry as a whole showed a solid result in the holiday season, retailers will work to maintain high performance and at the end of this year..", - said the President and CEO Director NRF Mettyu Shey (Matthew Shay). "These figures show a slow but steady economic recovery in the country is gaining momentum, and that consumers feel confident about the future."
http://feeds.feedburner.com/WeddingPearls
The Swiss watch company delaCour introduced jewelry watches LEAP SNOW.
The watch case is made of pink gold with diamonds and diamond studded polished dial comparable with immaculate snow carpet. It is decorated with emeralds, blue or pink sapphires, giving a permanent shine dial.
In the manufacture of hours used diamonds total weights of at least 3.25 carats and up to 1 carat sapphire or emeralds.
Water resistance - up to 30 meters. The watch strap products, made by hand, is made of alligator skin tone color of the stone.
http://digg.com/u/jetjewelry
BlueRock Diamonds announced that next month will resume processing of rocks on its operations Kareevley (Kareevlei) in South Africa.
The company worked on the completion of the modernization of the processing plant and the receipt of the rig, as well as the program of blasting operations to resume mining.
On Kareevley operations were suspended due to the resolution of the Department of mineral resources (DMR) SAR after checking July 6 showed need upgrading processing rock procedure and installation of safety barriers at the processing plant and the mobile equipment.
"Our work is now fully compliant with the DMR, and mine closure under Section 54 has been canceled", - said General Director BlueRock Voe Adam (Adam Waugh).
"Over the next few weeks we will continue to test the changes made in the factory, in the low-grade ore stockpiles," - he continues.
According Wow, the next stage of blasting was scheduled for the end of January. It should provide good quality rock and ready material for the completion of the new primary crusher.
"2016 was a difficult year for BlueRock Diamonds, but we have entered 2017 with cautious optimism", - concluded Voe.
https://twitter.com/pearlswap
The company worked on the completion of the modernization of the processing plant and the receipt of the rig, as well as the program of blasting operations to resume mining.
On Kareevley operations were suspended due to the resolution of the Department of mineral resources (DMR) SAR after checking July 6 showed need upgrading processing rock procedure and installation of safety barriers at the processing plant and the mobile equipment.
"Our work is now fully compliant with the DMR, and mine closure under Section 54 has been canceled", - said General Director BlueRock Voe Adam (Adam Waugh).
"Over the next few weeks we will continue to test the changes made in the factory, in the low-grade ore stockpiles," - he continues.
According Wow, the next stage of blasting was scheduled for the end of January. It should provide good quality rock and ready material for the completion of the new primary crusher.
"2016 was a difficult year for BlueRock Diamonds, but we have entered 2017 with cautious optimism", - concluded Voe.
https://twitter.com/pearlswap
Monday, June 12, 2017
state of affairs, in which the minerals are used in European industries
European Parliament approved a draft EU law that provides for mandatory due diligence of companies selling certain minerals, imported from areas of conflict or high-risk areas.
Starting from January 1, 2021, the new rules require all EU companies, with the exception of the smallest importers, assess compliance with the rules of their suppliers of products such as tin, tungsten, tantalum and gold, which, in particular, are used for the production of computers, mobile phones and jewelry. The assessment will be mandatory for importers of "conflict zones and high risk areas."
According to a statement released by the European Commission, the rules will cover up to 95% of imports since January 1, 2021. The Commission and Member States will work hard to ensure that the necessary structures for the implementation of the new rules throughout the EU.
Along with the new EU regulations will implement accompanying measures to support small and medium-sized importers, and to provide development assistance to ensure effective regulation and positive impact on the ground, it said in a statement the European Commission. The EU also calls on governments in Africa, Asia and other regions in order to encourage them to take responsibility for the sources of supply of mineral resources and eliminate the alternative markets for minerals from conflict zones.
"I am very pleased that we now have an ambitious, workable solution to eliminate conflict minerals from the supply chain, - said Trade Commissioner Cecilia Malmström (Cecilia Malmström) after the vote in the European Parliament. - Trade must take into account our values, and the Parliament's decision today is a great example of how this can be achieved. The new rules will ensure that this state of affairs, in which the minerals are used in European industries, come from responsible sources - so as not to harm the population in the mining areas and does not contribute to fuel wars. The new rules will help to alleviate the hard life of the people and reduce human rights violations that accompanied this trade too long. Transparent and accountable supply chain means that revenues will not come into the hands of rebel groups, and will go to investment in schools and hospitals, to support the right of governance based on the rule of law. This means improving the lives of people, the transition from conflict and terror to providing opportunities and the generation of hope. This means encouraging economic growth that helps to grow steadily poorest regions. "
http://digg.com/u/jetjewelry
Starting from January 1, 2021, the new rules require all EU companies, with the exception of the smallest importers, assess compliance with the rules of their suppliers of products such as tin, tungsten, tantalum and gold, which, in particular, are used for the production of computers, mobile phones and jewelry. The assessment will be mandatory for importers of "conflict zones and high risk areas."
According to a statement released by the European Commission, the rules will cover up to 95% of imports since January 1, 2021. The Commission and Member States will work hard to ensure that the necessary structures for the implementation of the new rules throughout the EU.
Along with the new EU regulations will implement accompanying measures to support small and medium-sized importers, and to provide development assistance to ensure effective regulation and positive impact on the ground, it said in a statement the European Commission. The EU also calls on governments in Africa, Asia and other regions in order to encourage them to take responsibility for the sources of supply of mineral resources and eliminate the alternative markets for minerals from conflict zones.
"I am very pleased that we now have an ambitious, workable solution to eliminate conflict minerals from the supply chain, - said Trade Commissioner Cecilia Malmström (Cecilia Malmström) after the vote in the European Parliament. - Trade must take into account our values, and the Parliament's decision today is a great example of how this can be achieved. The new rules will ensure that this state of affairs, in which the minerals are used in European industries, come from responsible sources - so as not to harm the population in the mining areas and does not contribute to fuel wars. The new rules will help to alleviate the hard life of the people and reduce human rights violations that accompanied this trade too long. Transparent and accountable supply chain means that revenues will not come into the hands of rebel groups, and will go to investment in schools and hospitals, to support the right of governance based on the rule of law. This means improving the lives of people, the transition from conflict and terror to providing opportunities and the generation of hope. This means encouraging economic growth that helps to grow steadily poorest regions. "
http://digg.com/u/jetjewelry
JSA last year, it was 1245 against 1177 in 2015
Crime associated with the jewelry industry in 2016 increased by 6% compared to last year for the first time since 2012, according to the Alliance jewelers safety study (Jewelers Security Alliance, JSA).
According to the report, the total number of crimes committed against US jewelry firms, and which became known JSA last year, it was 1245 against 1177 in 2015.
For the first time since 2012 the number of crimes in the jewelry industry, reported in of JSA, has increased. The total number of crimes in general is still relatively small. In addition, the JSA, the level of crime in the industry remains significantly lower than in past decades.
In addition to credit card fraud, only a small fraction of which it becomes aware of JSA, the most common type of crimes committed against jewelers in the last year, there were robberies. Number robberies increased by 40% over the same period last year - from 301 to 2015 year to 420 in 2016 year. Number planned robberies dropped from 231 in 2015 year to 174 in 2016 year, which represents a reduction of 25%.
The number of attacks on jewelery salesmen focus, as well as crimes against jewelers in their homes or other places outside of their stores, it fell to 48 in 2016.
http://digg.com/u/jetjewelry
planning and increase operational efficiency
Ahmed Bin Sulayem (Ahmed Bin Sulayem), the chairman of the Kimberley Process (KP) in 2016 and CEO of the Dubai Center commodities (Dubai Multi-Commodity Centre, DMCC ), announced the appointment of Mariam al-Hashemi (Maryam Al Hashemi), the representative of the United Arab Emirates in KP, as head of the Committee on participation and chairmanship of the KP (Committee on participation and chairmanship, CPC ) in 2017.
CPC helps Kimberley Chairman in handling the admission of new participants in the process, and reports whether the new party the necessary requirements, the violation of which can lead to expulsion from the KP. This body also reviews and assesses candidates for the post of deputy chairman of the KP. The Committee shall submit its conclusions to the plenary session of the KP. The CPC includes the chairmen of the previous CP, representatives of WDC and a coalition of civil society. Country-KP Chair last year became chairman of the CPC for the next year.
Mariam joined the DMCC in 2003 after completion of training at the Dubai Women's College, and now she is one of the most deserving employees of the center. Its responsibilities cover a wide range of initiatives, including the planning of the annual objectives of the Division, long-term strategic planning and increase operational efficiency.
Ahmed Bin Sulayem said: "Maryam understands the need for continuous development in accordance with the different sectors and markets for faster growth, because it is - the perfect leader to advance this important work, which includes attracting new participants and observers for the purposes KP".
Mariam commented: "The fact that we are constantly evolving to stay relevant in an extremely rapid and multi-faceted environment, is one of the most exciting aspects of my job, and I look forward to the same spirit in the CP in 2017. This year will be important for. KP in terms of changes in the organization's processes. "
http://digg.com/u/jetjewelry
CPC helps Kimberley Chairman in handling the admission of new participants in the process, and reports whether the new party the necessary requirements, the violation of which can lead to expulsion from the KP. This body also reviews and assesses candidates for the post of deputy chairman of the KP. The Committee shall submit its conclusions to the plenary session of the KP. The CPC includes the chairmen of the previous CP, representatives of WDC and a coalition of civil society. Country-KP Chair last year became chairman of the CPC for the next year.
Mariam joined the DMCC in 2003 after completion of training at the Dubai Women's College, and now she is one of the most deserving employees of the center. Its responsibilities cover a wide range of initiatives, including the planning of the annual objectives of the Division, long-term strategic planning and increase operational efficiency.
Ahmed Bin Sulayem said: "Maryam understands the need for continuous development in accordance with the different sectors and markets for faster growth, because it is - the perfect leader to advance this important work, which includes attracting new participants and observers for the purposes KP".
Mariam commented: "The fact that we are constantly evolving to stay relevant in an extremely rapid and multi-faceted environment, is one of the most exciting aspects of my job, and I look forward to the same spirit in the CP in 2017. This year will be important for. KP in terms of changes in the organization's processes. "
http://digg.com/u/jetjewelry
We continue to implement our long-term strategic plan and achieve results
Dominion Diamond Corporation released financial and operating targets for 2018 fiscal year (ending January 31, 2018), including sales, Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), operating and capital costs, as well as performance indicators.
Sales of Dominion, is expected to be between $ 875 million to $ 975 million, up 62% over the 2017 fiscal year.
Adjusted EBITDA, is projected to be between $ 475 million to $ 560 million, reflecting the higher margin of production, combined with ongoing cost savings initiatives and efficiency improvements.
The cost of production, is expected to be at $ 70- $ 80 per ton of produced raw materials, and $ 35- $ 40 - per carat produced. The average selling price is expected to range from $ 70 to $ 90 per carat.
Capital expenditures for the development planned at the level of $ 115 - $ 140 million due to investments in production development. Stable capital expenditures, including capitalized stripping costs in the mining process, expected in the range of $ 160- $ 190 million.
Combined production at the mine Ekati (Ekati), in which the Company holds a 100 percent stake in 2018 fiscal year, and mine Diavik (Diavik), 40 -protsentnaya share of which has been at the company in 2017 calendar year is expected to amount to 9,1-10,0 million carats.
"We continue to implement our long-term strategic plan and achieve results. Our projected 2018 fiscal year, strong sales and adjusted earnings and EBITDA due to production with high priority kimberlite pipes Koala (Koala) and Misery Maine (Misery Main), while, as the Ekati enters the first full year in the implementation of the recovery plan, "- said dzhim Govans (Jim Gowans), chairman of the Dominion Diamond Corporation Board of Directors.
According to the company, the diamond market continues to recover from the effects of demonetization in India. Predictive planning for 2018 fiscal year provides for the sale of rough diamonds greater volume at lower costs, which were previously held by trading due to weak market conditions as a result of demonetization. It is expected that this will have an impact on the average price per carat as well as the physical volume of sales, it said in a statement Dominion.
http://digg.com/u/jetjewelry
Sales of Dominion, is expected to be between $ 875 million to $ 975 million, up 62% over the 2017 fiscal year.
Adjusted EBITDA, is projected to be between $ 475 million to $ 560 million, reflecting the higher margin of production, combined with ongoing cost savings initiatives and efficiency improvements.
The cost of production, is expected to be at $ 70- $ 80 per ton of produced raw materials, and $ 35- $ 40 - per carat produced. The average selling price is expected to range from $ 70 to $ 90 per carat.
Capital expenditures for the development planned at the level of $ 115 - $ 140 million due to investments in production development. Stable capital expenditures, including capitalized stripping costs in the mining process, expected in the range of $ 160- $ 190 million.
Combined production at the mine Ekati (Ekati), in which the Company holds a 100 percent stake in 2018 fiscal year, and mine Diavik (Diavik), 40 -protsentnaya share of which has been at the company in 2017 calendar year is expected to amount to 9,1-10,0 million carats.
"We continue to implement our long-term strategic plan and achieve results. Our projected 2018 fiscal year, strong sales and adjusted earnings and EBITDA due to production with high priority kimberlite pipes Koala (Koala) and Misery Maine (Misery Main), while, as the Ekati enters the first full year in the implementation of the recovery plan, "- said dzhim Govans (Jim Gowans), chairman of the Dominion Diamond Corporation Board of Directors.
According to the company, the diamond market continues to recover from the effects of demonetization in India. Predictive planning for 2018 fiscal year provides for the sale of rough diamonds greater volume at lower costs, which were previously held by trading due to weak market conditions as a result of demonetization. It is expected that this will have an impact on the average price per carat as well as the physical volume of sales, it said in a statement Dominion.
http://digg.com/u/jetjewelry
import of rough diamonds to India increased
In February 2017 India's polished exports rose by 3.3% compared to the same period last year, to $ 2.41 billion, versus $ 2.34 billion in February 2016. This is evidenced by the preliminary data of the Council to promote the export of gems and jewelery (Gem and Jewellery Export Promotion Council, GJEPC).
Rough imports in value terms fell by 2.9%, to $ 1.51 billion in February 2017, compared to $ 1.55 billion in February 2016. In volume diamond imports rose 14% to 17.8 million carats against 15.6 million carats in the same period of the previous year.
Polished diamond imports to India fell by 20% in February 2017, to $ 177.9 million, versus $ 221.7 million in February last year.
During the first 11 months of the current fiscal year (April-February), India's polished exports rose 11% to $ 20.9 billion against $ 18.8 billion in the same period a year earlier.
Since the beginning of the current financial year (April-February), the import of rough diamonds to India increased by 22.2% compared to the same period last year, to $ 15.5 billion against $ 12.7 billion a year earlier. By volume, this figure increased by 10.6% to 123.4 million carats, against 136.5 million carats a year earlier.
http://digg.com/u/jetjewelry
Rough imports in value terms fell by 2.9%, to $ 1.51 billion in February 2017, compared to $ 1.55 billion in February 2016. In volume diamond imports rose 14% to 17.8 million carats against 15.6 million carats in the same period of the previous year.
Polished diamond imports to India fell by 20% in February 2017, to $ 177.9 million, versus $ 221.7 million in February last year.
During the first 11 months of the current fiscal year (April-February), India's polished exports rose 11% to $ 20.9 billion against $ 18.8 billion in the same period a year earlier.
Since the beginning of the current financial year (April-February), the import of rough diamonds to India increased by 22.2% compared to the same period last year, to $ 15.5 billion against $ 12.7 billion a year earlier. By volume, this figure increased by 10.6% to 123.4 million carats, against 136.5 million carats a year earlier.
http://digg.com/u/jetjewelry
The balance of the diamond trade
According to government data, in January this year, polished diamond imports to the United States remained almost unchanged and amounted to $ 1.77 billion.
Polished imports by weight fell by 8% to 840,669 carats as the average price rose by 8%, to $ 2099 per carat. Polished exports fell 1% to $ 1.25 billion, and net imports rose 1% to $ 517 million.
Rough imports grew more than four-fold to $ 120 million, versus $ 31 million a year earlier, while rough exports jumped up to $ 56 million. Net imports of diamonds in the US grew to $ 64 million versus $ 13 million in the same period of the previous year.
The balance of the diamond trade, reflecting the difference between net imports and exports increased by 11% to $ 582 million.
https://del.icio.us/pearlsonline
Polished imports by weight fell by 8% to 840,669 carats as the average price rose by 8%, to $ 2099 per carat. Polished exports fell 1% to $ 1.25 billion, and net imports rose 1% to $ 517 million.
Rough imports grew more than four-fold to $ 120 million, versus $ 31 million a year earlier, while rough exports jumped up to $ 56 million. Net imports of diamonds in the US grew to $ 64 million versus $ 13 million in the same period of the previous year.
The balance of the diamond trade, reflecting the difference between net imports and exports increased by 11% to $ 582 million.
https://del.icio.us/pearlsonline
setting tariffs on the export of raw materials and to stimulate the export of finished products
Deputy Prime Minister and Presidential Plenipotentiary Envoy to the Far East Yuriy Trutnev visited last week with the business mission to Vietnam and India. TASS news agency publishes excerpts from an interview with Yuriem Trutnevym on the outcome of the trip and future plans of development of the Far East.
Tass: In India, a significant part of your visit was devoted to enhanced cooperation in the diamond jewelry industry, with the participation of ALROSA as a major player in this segment of the Russian market. In this company, this week President replaced. What changes in strategy, marketing, foreign trade policy of the company can be expected with the arrival of Sergei Ivanov?
Yury Trutnev: The company has the management and board of directors. Company works tactic - it is their competence, but I care strategy to the company as a good longer possible to bring the country's economy and the Far East. We were on the Diamond Exchange in Mumbai, where the processed diamonds Alrosa. There employs 40 thousand people, multiply by family members - not less than 120 thousand people in one way or another are related to this work.. What does this mean? What we have lost, because our regulators have created a system of customs and tariff regulation, that is all we took. Therefore, here it is necessary to change everything.
When negotiating with KGK us Hindus offer to restore the brand of the Russian cut, not our people say, and the Indians, is this normal? And why do not we talk about it? Why do we have a whole lot of restrictions related to trafficking in stones, with the value added tax, with the export duties on precious items that simply killing the industry?
But this does not mean that everything has to be blamed on Alrosa that it has built cutting and polishing businesses, jewelry factories. It should not, but with the government should participate in the development of a system of measures that will allow this business in the country to create, allow to survive those companies that are already available, and to create conditions for development.
It is interesting that our Indian colleagues also understand that otherwise would be unequal game, they understand that we have a reason to want to remain longer on the processing, cut, making jewelry in Russia. We are still very poorly regulate this industry. It looks as if the conditions were created for the release of all of the country.
TASS: What can we fix this? You need a separate governing law?
Yury Trutnev: It is necessary to analyze the whole chain associated with the modes of circulation of stones aimed at to create the conditions for the market for the manufacture of jewelry. Now in India to make it a piece of jewelry after Russia cut stone in Russia and then sell, there is a lot of problems. It turns out that it is more expensive, as the reason for jewelry, we have introduced additional tariffs. Although the general practice - setting tariffs on the export of raw materials and to stimulate the export of finished products.
TASS will discuss the situation with the Federal Customs Service?
Yury Trutnev: FCS did not decide, they are performers. It is necessary to talk to the Ministry of Finance, Ministry of Economic Development. Well, ALROSA should participate in the negotiations, the position of our biggest companies is also important. But we need a detailed analysis of the industry, with a view to the recovery in the Russian economy.
https://del.icio.us/pearlsonline
Tass: In India, a significant part of your visit was devoted to enhanced cooperation in the diamond jewelry industry, with the participation of ALROSA as a major player in this segment of the Russian market. In this company, this week President replaced. What changes in strategy, marketing, foreign trade policy of the company can be expected with the arrival of Sergei Ivanov?
Yury Trutnev: The company has the management and board of directors. Company works tactic - it is their competence, but I care strategy to the company as a good longer possible to bring the country's economy and the Far East. We were on the Diamond Exchange in Mumbai, where the processed diamonds Alrosa. There employs 40 thousand people, multiply by family members - not less than 120 thousand people in one way or another are related to this work.. What does this mean? What we have lost, because our regulators have created a system of customs and tariff regulation, that is all we took. Therefore, here it is necessary to change everything.
When negotiating with KGK us Hindus offer to restore the brand of the Russian cut, not our people say, and the Indians, is this normal? And why do not we talk about it? Why do we have a whole lot of restrictions related to trafficking in stones, with the value added tax, with the export duties on precious items that simply killing the industry?
But this does not mean that everything has to be blamed on Alrosa that it has built cutting and polishing businesses, jewelry factories. It should not, but with the government should participate in the development of a system of measures that will allow this business in the country to create, allow to survive those companies that are already available, and to create conditions for development.
It is interesting that our Indian colleagues also understand that otherwise would be unequal game, they understand that we have a reason to want to remain longer on the processing, cut, making jewelry in Russia. We are still very poorly regulate this industry. It looks as if the conditions were created for the release of all of the country.
TASS: What can we fix this? You need a separate governing law?
Yury Trutnev: It is necessary to analyze the whole chain associated with the modes of circulation of stones aimed at to create the conditions for the market for the manufacture of jewelry. Now in India to make it a piece of jewelry after Russia cut stone in Russia and then sell, there is a lot of problems. It turns out that it is more expensive, as the reason for jewelry, we have introduced additional tariffs. Although the general practice - setting tariffs on the export of raw materials and to stimulate the export of finished products.
TASS will discuss the situation with the Federal Customs Service?
Yury Trutnev: FCS did not decide, they are performers. It is necessary to talk to the Ministry of Finance, Ministry of Economic Development. Well, ALROSA should participate in the negotiations, the position of our biggest companies is also important. But we need a detailed analysis of the industry, with a view to the recovery in the Russian economy.
https://del.icio.us/pearlsonline
partnerships on a regular basis to ensure continuity and long-term results
Foundation "Initiative of the diamond industry (Diamond Development Initiative, DDI) - an organization dedicated to the problems of the traditional diamond mining sector, announced it has received a donation from the World Federation of Diamond Bourses (World Federation of Diamond Bourses, WFDB ) in support of the miners and socially responsible production.
"The contribution of WFDB is very important for the work that we do. We look forward to such partnerships on a regular basis to ensure continuity and long-term results of our efforts to formalize artisanal and small-scale diamond mining production ", - said Dorothée Gizenga (Dorothée Gizenga), executive director of DDI.
Ernest Blom (Ernest Blom), president of the WFDB, for his part, said that his organization maintains high standards in the supply chain of diamonds, including artisanal mining. "The miners are part of the global diamond industry, and we are pleased to cooperate with the DDI for them to follow best practices in production, at the same time ensuring respect for their rights. When dealing with issues related to artisanal mining, win-win "- Blom said.
WFDB has DDI support since 2009. WFDB affiliated bourses has 30 participating states, protecting their interests and individual members.
https://del.icio.us/pearlsonline
"The contribution of WFDB is very important for the work that we do. We look forward to such partnerships on a regular basis to ensure continuity and long-term results of our efforts to formalize artisanal and small-scale diamond mining production ", - said Dorothée Gizenga (Dorothée Gizenga), executive director of DDI.
Ernest Blom (Ernest Blom), president of the WFDB, for his part, said that his organization maintains high standards in the supply chain of diamonds, including artisanal mining. "The miners are part of the global diamond industry, and we are pleased to cooperate with the DDI for them to follow best practices in production, at the same time ensuring respect for their rights. When dealing with issues related to artisanal mining, win-win "- Blom said.
WFDB has DDI support since 2009. WFDB affiliated bourses has 30 participating states, protecting their interests and individual members.
https://del.icio.us/pearlsonline
exports of India jewelry sector rose by 9.5% to nearly $ 39 billion
According to preliminary data of Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India, the total volume of exports of the country's jewelry segment in February 2016 amounted to $ 3.91 billion, which is 1.8% above the year-ago figure to $ 3.84 billion.
The total volume of exports of gold jewelry (such as precious stones or without them) in February 2016 fell by 46% to $ 419 million, versus $ 785 million in the same period last year. Export of gold medallions and coins increased $ 436.4 million, versus $ 250.4 million a year earlier.
The export of silver jewelry from India increased in February to $ 413 million from $ 266.13 million a year earlier.
Exports of colored gemstones from India in February was $ 51.3 million versus $ 65.2 million in the same period last year.
In April 2016 - February 2017 (with the beginning of the tax period), total exports of India jewelry sector rose by 9.5% to nearly $ 39 billion, compared with $ 35.6 billion in the same period a year earlier.
In the same period, exports of gold jewelry (such as precious stones or without them) grew by 4.4%, to $ 8 billion, versus $ 7.65 billion a year earlier.
Export medallions and coins has not changed and amounted to $ 4.76 billion.
At the same time, export of silver jewelry from India increased by 23% in April-February 2017, to $ 3.35 billion, while exports of colored gemstones fell by 6, 8%, to $ 377.6 million.
https://del.icio.us/pearlsonline
The total volume of exports of gold jewelry (such as precious stones or without them) in February 2016 fell by 46% to $ 419 million, versus $ 785 million in the same period last year. Export of gold medallions and coins increased $ 436.4 million, versus $ 250.4 million a year earlier.
The export of silver jewelry from India increased in February to $ 413 million from $ 266.13 million a year earlier.
Exports of colored gemstones from India in February was $ 51.3 million versus $ 65.2 million in the same period last year.
In April 2016 - February 2017 (with the beginning of the tax period), total exports of India jewelry sector rose by 9.5% to nearly $ 39 billion, compared with $ 35.6 billion in the same period a year earlier.
In the same period, exports of gold jewelry (such as precious stones or without them) grew by 4.4%, to $ 8 billion, versus $ 7.65 billion a year earlier.
Export medallions and coins has not changed and amounted to $ 4.76 billion.
At the same time, export of silver jewelry from India increased by 23% in April-February 2017, to $ 3.35 billion, while exports of colored gemstones fell by 6, 8%, to $ 377.6 million.
https://del.icio.us/pearlsonline
apply the knowledge gained during the initial sales to try to speed up development
De Beers Auction Sales said that in the past month for the first time carried out a series of trades of 15 lots for delivery in April, May and June 2017.
The total cost of the proposed lots is a little over $ 11, and customer demand exceeded the available lots in terms of volume and value, and the demand has been evenly distributed in different geographic regions and types of clients, said Executive Vice President of De Beers at auction sales Neil Ventura (Neil Ventura).
He said that customers can secure a guaranteed volume of supply in any of these periods in accordance with the requirements of their business.
"We believe that for the first time for De Beers and the diamond business in all rough diamonds are sold at a fixed price using forward contracts and global online auctions," - he continues.
"Thus, we see this as another important step in the evolution of sales in the diamond industry, and we are proud to have become in him a pioneer. In accordance with our approach to innovation, we will apply the knowledge gained during the initial sales to try to speed up development of the forward market for rough diamonds De Beers ", - said Ventura.
De Beers Auction Sales offer buyers the opportunity to ensure the future supply of a known fixed price, instead of the unknown value determined by future industry dynamics, Ventura said.
https://del.icio.us/pearlsonline
The total cost of the proposed lots is a little over $ 11, and customer demand exceeded the available lots in terms of volume and value, and the demand has been evenly distributed in different geographic regions and types of clients, said Executive Vice President of De Beers at auction sales Neil Ventura (Neil Ventura).
He said that customers can secure a guaranteed volume of supply in any of these periods in accordance with the requirements of their business.
"We believe that for the first time for De Beers and the diamond business in all rough diamonds are sold at a fixed price using forward contracts and global online auctions," - he continues.
"Thus, we see this as another important step in the evolution of sales in the diamond industry, and we are proud to have become in him a pioneer. In accordance with our approach to innovation, we will apply the knowledge gained during the initial sales to try to speed up development of the forward market for rough diamonds De Beers ", - said Ventura.
De Beers Auction Sales offer buyers the opportunity to ensure the future supply of a known fixed price, instead of the unknown value determined by future industry dynamics, Ventura said.
https://del.icio.us/pearlsonline
allow the import and export of rough diamonds
Indian Prime Minister Narendra Modi addressed the Indian industry of gems and jewelry by video conference in the evening on the first day of the International Diamond Conference in Mumbai on 19 March. He said that the sector of precious stones and jewelery is a prime example of initiatives "Made in India" and "India's skills."
"We live in a time when diamonds are used in glasses, watches and pens. Is our jewelers can not create and modify global tastes and fashion?" - Asks the Prime Minister of India.
"What is your strategy to increase India's share in the market of handmade jewelry industry might think about promoting business start-ups, which can create a growing market for Indian jewelry?" - he says.
Modi also mentioned that in December 2014 the World Diamond Conference, held in New Delhi, he declared in the presence of Russian President Vladimir Putin that the Special Customs Area (SNZ) will be created to allow the import and export of rough diamonds, and duty-free entry to view products. He recalled that in the building SNZ Indian Diamond Exchange (Bharat Diamond Bourse) started operating in November 2015. Modi also said that he assured his friends in Africa that India will support them in the development of the sector of precious stones and jewelry.
http://www.feedlisting.com/rss-feed-url/898214.html
"We live in a time when diamonds are used in glasses, watches and pens. Is our jewelers can not create and modify global tastes and fashion?" - Asks the Prime Minister of India.
"What is your strategy to increase India's share in the market of handmade jewelry industry might think about promoting business start-ups, which can create a growing market for Indian jewelry?" - he says.
Modi also mentioned that in December 2014 the World Diamond Conference, held in New Delhi, he declared in the presence of Russian President Vladimir Putin that the Special Customs Area (SNZ) will be created to allow the import and export of rough diamonds, and duty-free entry to view products. He recalled that in the building SNZ Indian Diamond Exchange (Bharat Diamond Bourse) started operating in November 2015. Modi also said that he assured his friends in Africa that India will support them in the development of the sector of precious stones and jewelry.
http://www.feedlisting.com/rss-feed-url/898214.html
elaborated on the problems of education in the industry
International Diamond Conference "From mine to market", which took place on 19 and 20 March 2017 in Mumbai, offers much more key findings than expected.
On the first day of the conference, the participants from all continents and countries discussed a number of key issues of the diamond industry. Conference dedicated to the celebration of the 50th anniversary of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC), showed that the discussion of the problems helps create different views of the participants in order to overcome the numerous obstacles that have plagued the industry.
Minister of Mines of India Piyush Goyal (Piyush Goyal), who addressed the audience with a keynote speech at the opening of the conference, believes that the diamond deposits in India should be developed to ensure that the nation has become, to some extent self-sufficient in terms of the supply of rough diamonds .
It was felt that Chidakva Walter (Walter Chidakwa), Minister of Zimbabwe mining industry, managed to attract the attention of the audience's emotional speech about how Africa was exploited and deprived of their mineral wealth for decades, while the countries and their population remained poor. He asked for support in creating jobs in Africa, at the same time ensuring the flow of diamonds to India.
In addition, the vice president of ALROSA Andrey Polyakov, as well as Executive Vice President of Global Sales sightholders De Beers Pol Rouli (Paul Rowley), spoke about the current operating status of the Company and its future plans.
Lawyer Rohan Shah elaborated on the problems of education in the industry, and all matters related to the regulation, the concept of tax havens, the laws relating to the diamond business worldwide and in India itself.
On the second day of the conference discussed the current state of the diamond industry, including survival in the absence of growth, marketing, retail, and other topics, and soon it turned into a real conflict zone because of the controversial speech Martina Rapaporta, who struck a chord with the Indian players Diamond industry, describing the style of work of the sector.
Sanjay Kothari (Sanjay Kothari), Vice-Chairman of the Board of KGK Group, spoke on the topic of survival in the industry with no growth and stressed the need for change and the struggle for growth and prosperity.
Ghanshiyam Dolakov (Ghanshyam Dholakia), managing director Hari Krishna Exports, was also very positive in their attitude, saying that a common focus on the core business is the only way of survival.
Auspicious moment was the meeting with the former Chairman of GJEPC Sandzhaem Kothari, who moderated the discussion with GIA, IGI, HRD and other industry bodies to certification of synthetic diamonds.
http://www.feedlisting.com/rss-feed-url/898215.html
On the first day of the conference, the participants from all continents and countries discussed a number of key issues of the diamond industry. Conference dedicated to the celebration of the 50th anniversary of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC), showed that the discussion of the problems helps create different views of the participants in order to overcome the numerous obstacles that have plagued the industry.
Minister of Mines of India Piyush Goyal (Piyush Goyal), who addressed the audience with a keynote speech at the opening of the conference, believes that the diamond deposits in India should be developed to ensure that the nation has become, to some extent self-sufficient in terms of the supply of rough diamonds .
It was felt that Chidakva Walter (Walter Chidakwa), Minister of Zimbabwe mining industry, managed to attract the attention of the audience's emotional speech about how Africa was exploited and deprived of their mineral wealth for decades, while the countries and their population remained poor. He asked for support in creating jobs in Africa, at the same time ensuring the flow of diamonds to India.
In addition, the vice president of ALROSA Andrey Polyakov, as well as Executive Vice President of Global Sales sightholders De Beers Pol Rouli (Paul Rowley), spoke about the current operating status of the Company and its future plans.
Lawyer Rohan Shah elaborated on the problems of education in the industry, and all matters related to the regulation, the concept of tax havens, the laws relating to the diamond business worldwide and in India itself.
On the second day of the conference discussed the current state of the diamond industry, including survival in the absence of growth, marketing, retail, and other topics, and soon it turned into a real conflict zone because of the controversial speech Martina Rapaporta, who struck a chord with the Indian players Diamond industry, describing the style of work of the sector.
Sanjay Kothari (Sanjay Kothari), Vice-Chairman of the Board of KGK Group, spoke on the topic of survival in the industry with no growth and stressed the need for change and the struggle for growth and prosperity.
Ghanshiyam Dolakov (Ghanshyam Dholakia), managing director Hari Krishna Exports, was also very positive in their attitude, saying that a common focus on the core business is the only way of survival.
Auspicious moment was the meeting with the former Chairman of GJEPC Sandzhaem Kothari, who moderated the discussion with GIA, IGI, HRD and other industry bodies to certification of synthetic diamonds.
http://www.feedlisting.com/rss-feed-url/898215.html
export promotion and awarding prizes for excellence
The Chief Minister of Maharashtra Devendra Fadnavis (Devendra Fadnavis) graced the 43rd ceremony of awarding the Indian awards in the field of precious stones and jewelery (India Gem & Jewellery Awards, IGJA ), organized by the Export Promotion Council of precious stones and jewelery (GJEPC) India.
The main sponsor of the event, designed to reward the most talented artists of the Indian sector of precious stones and jewelery, was the Gemological Institute of America (Gemological Institute of America, GIA) , as well as Laxmi Diamond Pvt. Ltd. and Emerald Jewel Industry India. A total of 50 awards was served.
IGJA has become one of the leading platforms, which are designed to recognize the merits of participants in the jewelry sector in India, export promotion and awarding prizes for excellence in manufacturing, finance and innovation. A number of important representatives of the gems and jewelery sector were present at the event.
Sevantilal Premchand Shah (Sevantilal Premchand Shah), a founding partner of Venus Jewel, won the "Lifetime Achievement". State Bank of India, IndusInd Bank and Vijaya Bank also received awards in the categories "Best Banks, finance industry." Sunita Sehavat (Sunita Sekhawat) was awarded "Entrepreneur of the Year" award.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "In the year of the golden jubilee GJEPC award-winning India Gem and Jewellery Awards 2016 was even more special than ever before focus is on the full-length of excellence that goes beyond the turnover Efficacy is evaluated.. based on comprehensive excellence, ensuring the transparency of using third-party evaluation and inclusion of new categories of awards. IGJA, the oldest in the industry of gems and jewelery award, remains relevant and popular for more than etyreh decades. "
http://www.feedlisting.com/rss-feed-url/898220.html
The main sponsor of the event, designed to reward the most talented artists of the Indian sector of precious stones and jewelery, was the Gemological Institute of America (Gemological Institute of America, GIA) , as well as Laxmi Diamond Pvt. Ltd. and Emerald Jewel Industry India. A total of 50 awards was served.
IGJA has become one of the leading platforms, which are designed to recognize the merits of participants in the jewelry sector in India, export promotion and awarding prizes for excellence in manufacturing, finance and innovation. A number of important representatives of the gems and jewelery sector were present at the event.
Sevantilal Premchand Shah (Sevantilal Premchand Shah), a founding partner of Venus Jewel, won the "Lifetime Achievement". State Bank of India, IndusInd Bank and Vijaya Bank also received awards in the categories "Best Banks, finance industry." Sunita Sehavat (Sunita Sekhawat) was awarded "Entrepreneur of the Year" award.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "In the year of the golden jubilee GJEPC award-winning India Gem and Jewellery Awards 2016 was even more special than ever before focus is on the full-length of excellence that goes beyond the turnover Efficacy is evaluated.. based on comprehensive excellence, ensuring the transparency of using third-party evaluation and inclusion of new categories of awards. IGJA, the oldest in the industry of gems and jewelery award, remains relevant and popular for more than etyreh decades. "
http://www.feedlisting.com/rss-feed-url/898220.html
reliable and industry-leading diamond jeweler
In a statement issued on Tuesday, De Beers Group has announced that it has successfully completed the acquisition of a 50 percent stake in LVMH De Beers Diamond Jewellers, to become the full owner of the company.
De Beers Diamond Jewellers trade network includes 32 stores in the 17 key markets of consumer goods around the world. This includes growing the company's business in Greater China, and it covers Chinese customers around the world. In addition, the sales network maintains a constant presence in London and Paris, and has found a new flagship store in New York.
Bryus Kliver (Bruce Cleaver), CEO of De Beers Group in this regard, said: "Thanks to the strong brand recognition, unmatched expertise in working with diamonds and a commitment to a responsible approach to business, the company De Beers Diamond Jewellers is reliable and industry-leading diamond jeweler. Better integration of the brand and the network of jewelry stores De Beers Diamond Jewellers allow us to make even more differentiated diamonds offer along with our rapidly growing diamond brand Forevermark ».
Fransua Delazh (Francois Delage), CEO of De Beers Diamond Jewellers commented on the event: "The company De Beers Diamond Jewellers firmly established among the leading retailers of diamonds in the world. We already have a common heritage and a strong bond with the brand De Beers Group. Becoming fully part of the Group, we are even more benefit from the unique diamond culture created since 1888. We will continue to offer impregnated with enthusiasm and with nothing comparable knowledge of diamonds to our discerning customers around the world. "
http://www.feedlisting.com/rss-feed-url/898219.html
the concept of tax havens, the laws relating to the diamond business worldwide
International Diamond Conference "From mine to market", which took place on 19 and 20 March 2017 in Mumbai, offers much more key findings than expected.
On the first day of the conference, the participants from all continents and countries discussed a number of key issues of the diamond industry. Conference dedicated to the celebration of the 50th anniversary of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC), showed that the discussion of the problems helps create different views of the participants in order to overcome the numerous obstacles that have plagued the industry.
Minister of Mines of India Piyush Goyal (Piyush Goyal), who addressed the audience with a keynote speech at the opening of the conference, believes that the diamond deposits in India should be developed to ensure that the nation has become, to some extent self-sufficient in terms of the supply of rough diamonds .
It was felt that Chidakva Walter (Walter Chidakwa), Minister of Zimbabwe mining industry, managed to attract the attention of the audience's emotional speech about how Africa was exploited and deprived of their mineral wealth for decades, while the countries and their population remained poor. He asked for support in creating jobs in Africa, at the same time ensuring the flow of diamonds to India.
In addition, the vice president of ALROSA Andrey Polyakov, as well as Executive Vice President of Global Sales sightholders De Beers Pol Rouli (Paul Rowley), spoke about the current operating status of the Company and its future plans.
Lawyer Rohan Shah elaborated on the problems of education in the industry, and all matters related to the regulation, the concept of tax havens, the laws relating to the diamond business worldwide and in India itself.
On the second day of the conference discussed the current state of the diamond industry, including survival in the absence of growth, marketing, retail, and other topics, and soon it turned into a real conflict zone because of the controversial speech Martina Rapaporta, who struck a chord with the Indian players Diamond industry, describing the style of work of the sector.
Sanjay Kothari (Sanjay Kothari), Vice-Chairman of the Board of KGK Group, spoke on the topic of survival in the industry with no growth and stressed the need for change and the struggle for growth and prosperity.
Ghanshiyam Dolakov (Ghanshyam Dholakia), managing director Hari Krishna Exports, was also very positive in their attitude, saying that a common focus on the core business is the only way of survival.
Auspicious moment was the meeting with the former Chairman of GJEPC Sandzhaem Kothari, who moderated the discussion with GIA, IGI, HRD and other industry bodies to certification of synthetic diamonds.
http://www.feedlisting.com/rss-feed-url/898218.html
On the first day of the conference, the participants from all continents and countries discussed a number of key issues of the diamond industry. Conference dedicated to the celebration of the 50th anniversary of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC), showed that the discussion of the problems helps create different views of the participants in order to overcome the numerous obstacles that have plagued the industry.
Minister of Mines of India Piyush Goyal (Piyush Goyal), who addressed the audience with a keynote speech at the opening of the conference, believes that the diamond deposits in India should be developed to ensure that the nation has become, to some extent self-sufficient in terms of the supply of rough diamonds .
It was felt that Chidakva Walter (Walter Chidakwa), Minister of Zimbabwe mining industry, managed to attract the attention of the audience's emotional speech about how Africa was exploited and deprived of their mineral wealth for decades, while the countries and their population remained poor. He asked for support in creating jobs in Africa, at the same time ensuring the flow of diamonds to India.
In addition, the vice president of ALROSA Andrey Polyakov, as well as Executive Vice President of Global Sales sightholders De Beers Pol Rouli (Paul Rowley), spoke about the current operating status of the Company and its future plans.
Lawyer Rohan Shah elaborated on the problems of education in the industry, and all matters related to the regulation, the concept of tax havens, the laws relating to the diamond business worldwide and in India itself.
On the second day of the conference discussed the current state of the diamond industry, including survival in the absence of growth, marketing, retail, and other topics, and soon it turned into a real conflict zone because of the controversial speech Martina Rapaporta, who struck a chord with the Indian players Diamond industry, describing the style of work of the sector.
Sanjay Kothari (Sanjay Kothari), Vice-Chairman of the Board of KGK Group, spoke on the topic of survival in the industry with no growth and stressed the need for change and the struggle for growth and prosperity.
Ghanshiyam Dolakov (Ghanshyam Dholakia), managing director Hari Krishna Exports, was also very positive in their attitude, saying that a common focus on the core business is the only way of survival.
Auspicious moment was the meeting with the former Chairman of GJEPC Sandzhaem Kothari, who moderated the discussion with GIA, IGI, HRD and other industry bodies to certification of synthetic diamonds.
http://www.feedlisting.com/rss-feed-url/898218.html
will be created to allow the import and export of rough diamonds
Indian Prime Minister Narendra Modi addressed the Indian industry of gems and jewelry by video conference in the evening on the first day of the International Diamond Conference in Mumbai on 19 March. He said that the sector of precious stones and jewelery is a prime example of initiatives "Made in India" and "India's skills."
"We live in a time when diamonds are used in glasses, watches and pens. Is our jewelers can not create and modify global tastes and fashion?" - Asks the Prime Minister of India.
"What is your strategy to increase India's share in the market of handmade jewelry industry might think about promoting business start-ups, which can create a growing market for Indian jewelry?" - he says.
Modi also mentioned that in December 2014 the World Diamond Conference, held in New Delhi, he declared in the presence of Russian President Vladimir Putin that the Special Customs Area (SNZ) will be created to allow the import and export of rough diamonds, and duty-free entry to view products. He recalled that in the building SNZ Indian Diamond Exchange (Bharat Diamond Bourse) started operating in November 2015. Modi also said that he assured his friends in Africa that India will support them in the development of the sector of precious stones and jewelry.
http://www.feedlisting.com/rss-feed-url/898217.html
"We live in a time when diamonds are used in glasses, watches and pens. Is our jewelers can not create and modify global tastes and fashion?" - Asks the Prime Minister of India.
"What is your strategy to increase India's share in the market of handmade jewelry industry might think about promoting business start-ups, which can create a growing market for Indian jewelry?" - he says.
Modi also mentioned that in December 2014 the World Diamond Conference, held in New Delhi, he declared in the presence of Russian President Vladimir Putin that the Special Customs Area (SNZ) will be created to allow the import and export of rough diamonds, and duty-free entry to view products. He recalled that in the building SNZ Indian Diamond Exchange (Bharat Diamond Bourse) started operating in November 2015. Modi also said that he assured his friends in Africa that India will support them in the development of the sector of precious stones and jewelry.
http://www.feedlisting.com/rss-feed-url/898217.html
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