GJ Town India

The auction on November 13 at Christie’s Geneva! The Pink Legacy - the largest fancy vivid pink diamond ever offered at any Christie’s auction to lead Geneva Magnificent Jewels Auction!   Worldwide-On 13 November 2018, Christie’s Geneva will present The Pink Legacy, the largest and finest Fancy Vivid Pink diamond ever offered at auction by the company. Weighing just less than 19 carats (18.96 carats), this exceptional rectangular-cut gem will lead Christie’s Magnificent Jewels auction, to be held at Geneva. This incomparable pink diamond has descended from the Oppenheimer Family and is estimated at US $30 to $50 million. Rahul Kadakia, International Head of Jewellery commented: “The discovery of this previously unrecorded and remarkable diamond will cause immense excitement with collectors and connoisseurs of diamonds around the world. The Pink Legacy will be exhibited on a global tour prior to being auctioned on 13 November at the Four Seasons Hotel des Bergues. ...

Jointly collaborate to explore opportunities to set up the Bullion Spot Exchange Multi Commodity Exchange of India Ltd (MCX), the country’s largest commodity exchange signed an MoU with India Bullion and Jewellers Association Ltd (IBJA), the apex industry body for all bullion and jewellery associations in India on various cooperation activities for the growth and development of bullion industry, including a joint viability of setting up a ‘Bullion Spot Exchange’ in India. It is in line with the Government of India’s vision of establishing trade efficient and consumer friendly system of regulated gold exchange in the country for bullion stakeholders for efficient price discovery and transparency. Gold Spot Exchange, once set up, would help considerably in creating a vibrant gold ecosystem corresponding to India’s annual demand of around 800-900 tonnes. It would further lead to assurance in the quality of gold, provide for a robust settlement mechanism, multiple de...

Sooner a blueprint to government & Concerned stakeholders: Somasundaram The World Gold Council (WGC) would soon submit a blueprint to the government on spot exchanges, its managing director for India operations said at an Assocham event held in New Delhi. “We have given a blueprint as a steering committee, we have drafted it and it is in the final stages, we will be releasing it very shortly,” said Mr Somasundaram PR, MD-India, WGC at an Assocham International Gold Summit. He added, “This steering committee which has got all trade associations, key international banks and bullion banks and it was led by us, has been working on the spot exchange blueprint for last six-seven months, we have just now finalised what the spot exchange should be and we will be releasing that both to the government, policymakers and others.” Highlighting that demand for gold is likely to remain subdued in the current calendar year, Mr Somasundaram said that while the demand for...

Alrosa completed True Colours auction Alrosa, the world leader in the diamond mining industry, has successfully completed its own specialized “True Colours” auction with a total sale of $9 million worth of coloured diamonds. 210 unique diamonds were sold in the first round. The bidding was very active, and most of the lots were sold for well above their starting price. The “hero stones” stars of the collection with a particularly rare combination of qualities, generated enormous interest from bidders. One such “star”, which attracted a lot of attention from buyers around the world, was an oval cut Fancy Vivid Orangy Yellow diamond weighing 15.11 carats. During the course of the bidding the diamond doubled in price. “The collection of large coloured stones – all cut by our company – which we brought to Hong Kong was the biggest in Alrosa’s history. We sold the lots for well above their starting prices and consider the auction results to be very positive,” said Pa...

Good endeavour to halt CAD & To support the Make In India Craftsmen & Artisan would benefit! Recently by a notification government hiked up import tariffs on 19 items where about six items are related to GJ (Gem-n-Jewellery) industry & trade. It is to be noted that, the items are, 1: Non industrial diamond (other than rough diamonds), i.e., cut and polished diamond, 2: Diamonds-semi processed, half cut or broken, 3: Lab grown diamonds, 4: Cut and polished Colored gemstone, 5: Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal & 6: Articles of Goldsmith or silversmith wares and parts thereof of precious metal or of metal clad with precious metal. Now, industry leaders & players have reacted & casted their feedback on the tariff hike! Here are the choicest expressions! Aditya Pethe, Director, WHP Jewellers said, “This is a welcome move as it will discourage Indian retailers from importing...

Recent Import Duty Hike to Strengthen Jewellery Manufacturing in India A step towards establishing Brand India jewellery! The government recently increased the customs duty on categories of diamond such as semi-processed, half cut or broken, and cut and polished coloured gemstone to 7.5 per cent, from 5 per cent earlier, and increase in import of jewellery articles from 15% to 20% in a move to narrow the current account deficit (CAD). Mr Pramod Kumar Agrawal, Chairman, The Gem & Jewellery Export Promotion Council (GJEPC) said, “GJEPC welcomes the step undertaken by the government to narrow the current account deficit. Welcoming the Increase in import duty on jewellery from 15% to 20% by Chairman GJEPC said “this move would not only help the sector strengthen jewellery manufacturing in India but also give a boost to Jewellery exports from India, a step towards establishing Brand India jewellery”. Mr. Agrawal said, “The import duty increase in cut and...

Handcraft joolries studded with Swarovski Zirconia The thought of setting up this institute named RII Signature Joolry’’ came into our mind in 2012. With the passage of time finally it came into existence in the year 2013. And this is how we commenced our journey. About Us : We are employing quality craftsman’s and sourcing out genuine stones, grew in customer satisfaction and translated the philosophy of true value for money. Vision & Mission : We craft our Joolries with the new innovative designs and to serve customer satisfaction with the variant products. It is a mission to provide the best out of best quality with minimum resources, to serve families throughout the world with products of the highest quality backed by a guarantee of satisfaction. Our main aim is to design the desire of our customer. PRODUCTS: “RII Signature Joolry” is defined for alluring handcraft designer joolries in two categories:  Antique handcraft joolries in 22 carat...

Collection with Swarovski Zirconia Tiara brand literally means ‘Jewel in the Crown’. Ever since its inception in 2007, Tiara Sterling Silver Jewellery has been stubborn about extraordinary quality and consistency in exquisite designs – each handcrafted by Indian Artisans, manufactured in-house and studded with Swarovski Zirconia. For Tiara team, the inspiration is the emerging tastes of Indian consumers – both in India and various parts of the world where Indians still value their traditional art & craft in jewellery designs. On one hand, Tiara offers a contemporary range of designs in Necklaces, Pendants Sets, Bracelets, Chokers, Cufflinks & Brooches. Range of designs that enhances the western wear, at the same time Tiara enhances brides with traditional temple & cultural motifs through its Mangalsutra Pendants, Kamarbelt, Choti, Payal, Maang Tikka, Kurta Button, Haat Paan, Saree Pin, Kada and multi-layered Haar / Queen Necklace sets.  ...

SS Jewellers launches an awe-inspiring range Red takes a backseat as this wedding season has been all about pastel tones. Keeping up with the latest trends, luxury jewellery house SS Jewellers launches an awe-inspiring range of Pastel Bridal jewels that encapsulates Mughal Artistry in a modern andaz- the style! The collection brings epic designs that present intricate meenakari in backdrops of shades like lime green, tiffany blue and orchid pink and is crafted in 22k yellow gold. Some pieces bring with them a dash of solid colour in form of precious gemstones like Rubies, Sapphires and emeralds studded meticulously with Polki adding a dash of luster. Along with Meenakari, the range also boasts jadao & kundan karigari. As a tribute to the Mughal era, the brand has derived inspiration from key Mughal architectural elements and finery to produce the majestic motifs.  Every jewel from the range is a piece of art and has undergone months of labour and det...

CIBJO pearl report released! With fewer than three weeks to go to the opening of the 2018 , 2018, the seventh of the CIBJO commissions' Special Reports has been released. Prepared by the CIBJO Pearl Commission, headed by Kenneth Scarratt, it focuses on the growing commitment of pearl farmers from around the world to set the golden standard for sustainability in a marine environment. "Mankind's impact on the earth's environment is not simply related to saving the elephants, lions and the rhinoceros, or wild orchids, while these have great urgency. But they are no greater than the significant issues surrounding how we control the massive volume of rubbish generated globally that enters our oceans and seas," wrote Mr. Scarratt. Surveying a list of ongoing projects from the Philippines to Australia, the Indonesian archipelago to West Papua, and Fiji to Bahrain, Mr. Scarratt describes a community whose long-term livelihood is dependent on its abilit...

Liquidity Risk Monitoring Tools and Liquidity Coverage Ratio (LCR), Disclosure Standards! Presently, the assets allowed as the Level 1 High Quality Liquid Assets (HQLAs) for the purpose of computing the LCR of banks, inter alia, include (a) Government securities in excess of the minimum SLR requirement and, (b) within the mandatory SLR requirement, (i) Government securities to the extent allowed by RBI under Marginal Standing Facility (MSF) [presently 2 per cent of the bank's NDTL] and (ii) under Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR) [presently 11 per cent of the bank's NDTL]. It has been decided to permit banks with effect from October 1, 2018, to reckon Government securities held by them up to another 2 per cent of their NDTL, under FALLCR within the mandatory SLR requirement, as Level 1 HQLA for the purpose of computing their LCR.  Hence, the carve-out from SLR, under FALLCR will now be 13 per cent, taking the total carve out...

A total destruction of US-China cooperation Chinese officials voiced in unison their disapproval of Washington’s latest tariff package against China, saying that the current administration’s tactics risk the “total destruction” of bilateral relations, the SCMP reports cited by CER.  Foreign Minister Wang Yi told attendees of the US-China Business Council meeting in New York that recent tensions were undoing progress made since the two countries opened diplomatic ties in the 1970s. “The US is increasingly implementing negative policies in relation to China…frequently blaming China for its unhealthy attitudes in economics, trade and security to artificially create opposing emotions against China,” said Wang.  “If the trend continues, it will totally ruin the gains of the Sino-US relations in the past 40 years. This is unfavourable to both China and the US and ultimately to the world.” Meanwhile, Vice Commerce Minister Wang Shouwen told reporters i...

Beauty of designs introduces Collection with Swarovski Zirconia Zar, formerly known as RG Bangle, was founded in 1950 and focussed on manufacturing handmade bangles. In 2007, the third generation entered the family business and introduced CNC machines to the bangle industry, consequently changing the face of the game. Zar officially launched as a brand in 2012. In 2018 Zar has become a proud brand partner of Swarovski and launched exclusive collection with Swarovski Zirconia. Today, Zar takes great pride in its world class facility of 17,000 square feet, in Mumbai, manufacturing bangles, bracelets & rings with Swarovski Zirconia. Zar has always been ahead of its time when it comes to having an esteemed customer base. It is this trust, bestowed upon us, that drives us each day to deliver on our promise of manufacturing best-in-class products.

The Collections with Swarovski Zirconia Rasi Jewellery is a universally reputed jewellery manufacturing company known for its divine quality mind blowing creativity with a graceful style of its own since 1968 at Coimbatore. Rasi is proud to announce the launching of “Upper Crust” collections at Gem Jewellery India and International fair 2018 at Chennai. Upper Crust collections include Belt, Pen for men. Hairclips exclusively for woman and photo frame collections to present to your loved ones. RASI is also proud to announce the ‘Mystically Divine collection which is unique and admired by people from all walks of life. We are proud to use Swarovski Zirconia stones in our unique jewellery collections and also immense pleasure as a branding partner with them. ‘Think Unique and Be Your Own Is our policy to reach higher goals.

Holders of the digital coin are able conduct currency transactions, As well as redeem their value in physical diamonds Carats.io has announced that its diamond-backed CARAT coin is now being traded on the Hotbit.io digital asset exchange platform- https://www.hotbit.io/exchange?symbol=CARAT_BTC , with promising volumes of trade that are increasing from day to day.   Carats.io said that it selected to launch its currency on the Hotbit platform because of the crypto-exchange's strong presence in the Southeast Asia markets, which is a region in which it has focused attention for its CARAT coin. The company said the decision to initiate active trade in CARAT coins at this juncture was taken to enable members of the international diamond and jewelry sectors to receive liquid digital assets in exchange for diamonds they sell. The move is part of a multi-stage plan to provide members of these sectors with an inherently stable currency in which they can conduct their bus...

Announces with UN to support 1200 women entrepreneurs in SA Announcement comes on the one year anniversary of De Beers Group’s partnership with UN Women as a HeForShe Thematic Champion to stand with women and girls around the world! De Beers Group, in partnership with United Nations (UN) Women, is pleased to announce the launch of a three-year capacity-building programme to improve the livelihoods of more than 1,200 women micro-entrepreneurs in Botswana, Namibia and South Africa. The programme is designed to equip women micro-entrepreneurs with business and management skills to build their confidence and capacity to operate and grow successful small businesses. It will focus on providing training to enhance understanding of business concepts, including accessing markets, increasing market share, generating income, creating jobs, and supporting effective decision-making, communication and negotiation skills. Tailored specifically for each country, the programme ...