GJ Town India

Initial assessment of the T1A concession in The Marange Diamond Fields of Zimbabwe Botswana Diamonds announces that it and Vast Resources (Vast) have received a preliminary geological assessment of the Heritage Concession for Block T1A, within the Marange Diamond Fields of Zimbabwe. Vast has a due diligence access agreement and pre-agreed joint venture terms on the Heritage Concession and as announced on 4th October 2018, BOD has entered an agreement with Vast under which BOD will be engaged on due diligence, exploration, mining and marketing on the Heritage Concession. Key focal points are, 1: Potential for modern alluvial placers, 2: Possibility for older conglomerates & 3: Next steps are to carry out geological Mapping of the concession and hopefully advance to a trial mining programme.   John Teeling, Chairman, commented, “We have completed a desktop assessment of the Heritage (T1A) Concession in the Marange Diamond Fields.  This assessment has outline...

Samantha F. Ravich, as the newest member of the Institute’s governing body The Board of Governors of GIA welcomed Samantha F. Ravich, Ph D, as the newest member of the Institute’s governing body during their regularly scheduled meeting following the GIA International Gemological Symposium held at GIA’s world headquarters in Carlsbad, CA. Just before the Symposium, GIA’s global research team of nearly 60 experts gathered for their 12th annual meeting.   Dr. Ravich is the chair of the Transformative Cyber Innovation Lab, a not-for-profit organization with the mission to drive revolutionary, society-wide improvement in cyber resilience in both the U.S. government and the private sector. She is a managing partner of A2 Partners, LLC and serves on several government and private sector boards. She has extensive expertise in cyber risk mitigation, strategic business guidance and corporate culture transformation. Dr. Ravich joined the GIA Board of Governors following the ...

The positive link between global economic expansion and gold The IMF Global Financial Stability report, released, highlighted an increase in the level of risk among multiple global metrics. Following its publication, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days. While the market has regained some of its early losses, we believe the report and the subsequent market pullback underline the relevance of holding gold in the near and long term. Last week stocks sold off, and gold acted as a key flight-to-safety asset in the market. Initially, as the US market retreated, gold held steady. But as the sell-off became more systemic globally, gold began to rally meaningfully. De facto gold has fallen by more than 11% from its April high and is currently around 7% lower y-t-d amid bearish investor sentiment. Much of this performance has been driven by a risk-on appetite in the US, where the dollar – which historically is inversely correlated...

Aisshpra commences Swachh Bharat- a No Plastic Campaign Known for being a socially responsible jewellery house, Aisshpra Gems & Jewels launches Swacch Bharat, Swacch Imaan, Yeh Hai Meri Pehchan-a No-Plastic Campaign. Under this initiative, the brand has launched recyclable, reusable bags that will curb the usage of plastic bags that are harming the environment and causing plastic pollution. According to statistical surveys, only 12 million tonnes of solid plastic waste are treated out of 63 million tonnes of plastic waste generated annually in India. Untreated solid waste is slated to reach about 436 million tonnes by 2050 in the country. To counter this impending menace, the brand has pledged to do its bit for the environment by encouraging their staff and customers to use reusable bags that are available for free at the store.  These bags repel water and are recyclable. They also don’t cause any harm to the environment and are designed to be used for...

Initiates, Own A Billion-Year Old Diamond Campaign   IGI certification confirms that each diamond you buy is a billion-year old natural wonder! The International Gemological Institute (IGI), the largest global independent gem certification and appraisal institute, has urged consumers to buy only certified Natural Diamonds this festive season! IGI has partnered with many leading jewelers in the City (24 cities across India) for the ‘Own A Billion-Year Old Diamond’ month-long awareness campaign till November 5, 2018, to cover auspicious festival days such as Navratri, Dassehra, Durga Asthami, Ekadashi, Sharad Purnima, Karwa Chauth, Dhanteras and Diwali amongst others. IGI’s awareness campaign seeks to redefine & restore consumer confidence and trust in addition to reiterating the timeless legacy of Natural Diamonds. A creation par excellence, a diamond is born after billions of years in extreme heat and pressure when fragments of carbon turn into diamonds. W...

Rio Tinto lowers diamond production In the just released third quarter Q3 production results Rio Tinto does not included diamond in its Key Points, and does not highlighted diamond production at a glance!   Rio Tinto chief executive J-S Jacques said “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the Group’s copper assets. We made strong strategic progress with the full exit from coal, the announcement of the additional $3.2 billion of share buy-backs, and the signing of a binding conditional agreement to exit Grasberg for $3.5 billion. We continue to pursue all opportunities to improve productivity and drive enhanced cash flow generation. This, combined with the disciplined allocation of capital, will ensure we continue to deliver superior returns to our shareholders in the short, medium and long-term.” De facto at Argyle, carat production was 19 per cent lower than the third quarter of 2017, whe...

There are about 70,000 artisans & craftsmen in Zaveri Bazar! Recently Gem and Jewellery Skill council of India (GJSCI) hosted its first Press Meet after Mr Sanjay Kothari taken over the charge as the new Chairman of GJSCI. GJSC looks forward to gain larger participation from the industry and attract fresh focus on its various skilling activities and initiatives.   Being a Chairman, Sanjay Kothari shared his vision for GJSCI: 1:           to ensure that all the current workforce is certified based on NSQF aligned QP/NOS;              -at least one train the trainer institution per cluster; 2:           improving the skills of workforce to make them ready for modern factories; 3:           improving the company management skill so that they can be ideal entrepreneurs on their own; 4:           ensure th...

A contemporary touch to the traditional designs Mia by Tanishq, one of India’s most-loved jewellery brands today announced the launch of its beautiful and coming-of-age Festive collection. The move aligns with the company’s vision to offer fashionable fine jewellery for the modern contemporary woman.  Styled to give a contemporary touch to the traditional designs, the Festive collection is for those women who are open to new trends and styles this festive season. Fashion jewellery lovers will be spoilt for choice, with a collection that is completely unique and focuses on reinventing fashion looks this festive season. Speaking about the new collection, Bhavishya Kelappan, Business Head, Mia by Tanishq stated, “The young, modern Indian woman of today is open to new ideas and designs and is always the thinker, whether in her professional or personal life.  The Festive Collection of Mia is a one of kind designer jewellery, which is inspired to take on a cont...

Party season with Rivana Gold & Diamonds Every girl knows, ‘Diamonds Speak Louder than Words’, so let the diamonds do the talking this party season, with Rivana Gold & Diamonds’ Cocktail Edition. The ensemble brings with it a range of exquisite diamond studded earrings, cuff, and neckpieces.   The pieces are curated in 18k gold where various tones of metal including white, yellow and rose are blended craft fully.  The edition captures dainty natural motifs like rain drops, flowers and butterflies. The edition is a must have for bringing in the New Year or can be also donned at a winter cocktail party.  The statement jewels are apt for an evening gown or red carpet attire.Avail the statement range of Cocktail Diamonds at Rivana Gold & Diamond outlet in Mumbai. 

Jewellers Attention! A good demand for small & big ticket items! Ishu Datwani, Founder-Anmol says, “Gold temple jewellery & classic diamond jewellery is trending this festive season. We're expecting an increase in demand for both gold & diamond jewellery this festive season. It is also the onset of the wedding season, so there will be a good demand for small & big ticket items. Keeping these factors in mind, we are expecting at least 20-25% increase in sales.”   By looking at the season at latch, Tanya Rastogi, Director-Lala Jugal Kishore says, “The increased rate of gold has worked in favor of the metal and the industry, as the consumer is reminded that gold is still an investor friendly metal. There is a lot of promotion and buzz around offers and collection launches around this season.” On the other hand, the consumer is expected to make small purchases this year due to the high price but a good footfall and sales are expected. “This season, R...

Gemfields would offer next Auction in Singapore in November 2018 10% of Inkalamu’s auction Would be for carnivore initiatives Kagem Mining has discovered an exceptionally rare high quality 5,655 carat (1.13kg) emerald crystal at its mine in Lufwanyama. The emerald – dubbed ‘Inkalamu’, the Lion Emerald - shows remarkable clarity with a perfectly balanced golden green colour, and is already creating a buzz in the global gemstone industry ahead of its auction in Singapore next month in November. Inkalamu was discovered at Kagem, the world’s largest emerald mine, which is 75% owned by London-based Gemfields and 25% by the Zambian government through the Industrial Development Corporation of Zambia. “The discovery of this exceptional gemstone is such an important moment both for us and for the emerald world in general” commented Gemfields’ London-based gemmologist Elena Basaglia. “We are experiencing strikingly increased demand for high quality Zambian emeralds from ...

Petra Diamonds Limited announces the appointment of Mrs Varda Shine and Mr Bernard Pryor to its Board as Independent Non-Executive Directors, with effect from 1 January 2019. These appointments have been made in accordance with the Nomination Committee’s three year Succession Plan which is in line with Petra’s development from a phase of intensive capital expenditure and expansion to a focus on steady-state operations. In addition, the Company is further reviewing and optimising the composition of the Board, board committees and senior management structures as well as addressing improving diversity at the higher levels of the business. Further announcements to this end will be made during the course of FY 2019. Petra’s Chairman, Adonis Pouroulis, commented: “It gives me great pleasure to welcome Varda and Bernard to the Board. Their significant experience and expertise in both the mining sector and the diamond world will be a considerable asset to our Board and we look...

Collaboration on the end-to-end blockchain traceability platform for the diamond industry Tracr, the end-to-end diamond industry blockchain traceability platform being developed by De Beers Group in collaboration with industry stakeholders, is pleased to announce that Alrosa has joined the platform’s pilot programme. Alrosa will join industry leaders from the diamond manufacturing and retail sectors in creating the blockchain platform by the industry, for the industry.   Following the announcement of the Tracr pilot earlier this year, Alrosa’s involvement brings the world’s two largest diamond producers together to provide enhanced assurance for consumers and trade participants about the provenance and authenticity of their diamonds, and in creating a digital foundation for new services that can only be developed on an end-to-end platform. Bruce Cleaver, CEO, De Beers Group, said: “To provide true traceability, diamonds must be tracked from their point of produc...