GJ Town India

The Diamond and Gold Exhibition Organized By Karan Kothari Jewellers Luxury Jewellery brand Karan Kothari Jewellers received an outstanding response for the much anticipated diamond and gold exhibition (D & G Expo) and sales event held at Jalgaon. This four-day event inaugurated in the graceful presence of Mr Pradeep Kothari, Director, Karan Kothari Jewellers, held from 23rd to 26th November 2018in Jalgaon, showcased their unique ability to keep evolving according to the changing trends.   With an eclectic display of a variety of baubles, this exhibition evoked grandeur as well as highlighted new trends with the display of 22K gold jewellery replete with new age designs. It was mainly the display of light weight gold and diamond jewelry which made a lasting impression on the buyers. For example, the aesthetically curated uncut, fine-cut and brilliant cut diamonds definitely caught the fancy of the customers during the exhibition. In addition, the use of rubi...

Tiffany net sales rose 10% & Net earnings rose 24% in 9M Tiffany & Co reported its financial results for the three months-Q3 and nine months-year-to-date (9M), ended October 31, 2018. Management attributed sales growth in the third quarter to higher spending by local customers in all regions, partly offset by lower spending attributed to foreign tourists, primarily Chinese, in certain regions. Planned higher strategic investment spending in the quarter and year-to-date, which is intended to support long-term sustainable sales growth, negatively impacted earnings; higher gross margins and lower effective tax rates had positive effects on net earnings. Management maintained its net earnings outlook for the full year ending January 31, 2019 that is FY2018. According to the report on Q3, worldwide net sales increased 4% to $1.0 billion, reflecting growth in all regions and in most product categories; comparable sales rose 2%. On a constant-exchange-rate basis tha...

Revenue up by 20.0% yet, Core Operating profit surged by 24.7% YoY According to Chow Tai Fook Jewellery Group Limited [CTF], interim results for the six months ended 30 September 2018 (1HFY2019), the Group recorded a revenue of HK$29,703 million for 1H FY2019 that was in  1H FY2018 of HK$24,754 million, shows increase of 20.0% YoY.   Key reason is the stabilising consumer demand and reviving Mainland visitation which fuelled the jewellery market. Gross profit amounted to HK$8,529 million over the 1H FY2018 of HK$7,166 million. Adjusted gross profit margin was down by 60 bps to 28.1%, mainly due to a higher sales contribution from gold products and wholesales business, Core operating profit surged by 24.7% YoY. Core operating profit margin increased slightly to 10.1%. With Business Review, CTF says, the jewellery retail landscape exhibited positive momentum in Greater China during the period, thanks to steady economic recovery and improving consumer sentimen...

LMHC makes progress on harmonisation of Colour description and new treatment issues Significant achievements in the harmonisation of wording on laboratory reports and the reporting of new treatments have been chalked up during the 29th meeting of the Laboratory Manual Harmonisation Committee (LMHC), which was hosted by the Gübelin Gem Lab in Lucerne, Switzerland, on November 14, and 15, 2018. The LMHC is currently comprised of representatives from the Central Gem Laboratory (CGL), CISGEM Laboratory, DSEF German Gem Lab, Gübelin Gem Lab, GIA Gem Laboratory, the Gem and Jewelry Institute of Thailand (GIT) and the Swiss Gemmological Institute SSEF. The organisation is not formally connected to any trade organisation. During the meeting, the LMHC members agreed to modify info sheet No. 4, concerning the use of the term "padparadscha." The info sheet now specifies that the term is not applicable if the colour of the stone is unstable and shifts to pink when ex...

Dunnedin focuses on Kahuna, a Resource of 4 mn cts diamonds! Dunnedin Ventures said on the diamond exploration progress at its 100% owned Kahuna Diamond Project in Nunavut, Canada and outlines its strategic plans. Dunnedin expects results shortly for diamond recoveries from approximately 150 kilograms of kimberlite from pipe KH10-11 which was newly discovered this summer.   In the near future Dunnedin will also receive initial diamond indicator results from the till sampling program completed in the Josephine Target Area this autumn. These results will assist with the prioritization and selection of drill targets in the JTA, which will be the main focus of the Company’s next drill program. The JTA has been identified by Dunnedin’s advisor Dr. Charles Fipke as the most prospective area of the Kahuna Project with an abundance of high-quality diamond indicator minerals implying multiple undiscovered diamond-bearing sources. Dunnedin has narrowed down the main tar...

Demand for platinum in the US Grew from 5% in 1993 to 22% in 2017 “Platinum jewellery is improving in different demand segments” says recently published PGI Insight. The report shines a light on how to develop new demand for platinum jewellery in the United States and how platinum is improving its accessibility in different demand segments in jewellery.   Focusing on Sparkling Success PGI Insight says, a Premium Metal Becomes Accessible in the US reviews of 1:         Historical trends of platinum jewellery demand in the US, 2: Key drivers of platinum jewellery demand growth in recent years, 3: Development dynamics for platinum jewellery at retail & 4: Future growth areas for platinum jewellery demand in the US. The jewellery industry’s contribution to the total demand for platinum in the US grew from 5% in 1993 to 22% in 2017. As the third largest platinum jewellery market, platinum demand in the US is set to grow again by 8% to 11%...

Spellbind the scene with Tanya Rastogi’s Latest Diamond Earrings Collection Put your partying foot forward with your office biffs with the latest diamond dangler edition curated by Jewellery Connoisseur Tanya Rastogi for Lala Jugal Kishore Jewellers. Crafted in 18K gold the edition plays with various tones of the metal including yellow, white and rose.   The edition is studded with purest of fine cut diamonds along with emeralds, blue sapphires and rubies.  This edition is meant for the working women who effortlessly woo the party circles after a long day at office. Diamonds of various shapes and sizes do the talking here. Rose gold encapsulates the foliage motifs in some of the pieces and at times accentuates the beauty of diamonds, giving the look of shining snowflakes at night. Emeralds and sapphires ooze out glamour and stand out in the quirky shell-like designs, boosting the shine of the tireless and zestful woman. This glowing diamond collection i...

The World Gold Council, the market development organisation for the gold industry, today announced the appointment of David Tait as incoming Chief Executive Officer. David joins the World Gold Council following a highly successful career in the financial services industry. David was most recently Global Head of Fixed Income Macro Products at Credit Suisse, prior to that he held senior trading roles at both Credit Suisse and UBS Investment Bank. David began his career trading at Goldman Sachs and Credit Suisse and then built considerable asset management experience at Bluecrest Capital, Peloton Partners and Citadel Europe.   He is currently an Independent Member of the Bank of England’s FICC Market Standards Board.  David is also a major supporter of the NSPCC and has risen over £1 million by climbing Mount Everest on five occasions. He was awarded an MBE by the Queen for his services to the charity. David will join the organisation on 7th January 2019 ...

Despite double digit growth in Indian jewellery Global jewellery demand down by 2% YoY! Platinum supply will fall by 1% in 2018 YoY This is in the accordance with the seventeenth Platinum Quarterly data set, published by the World Platinum Investment Council (WPIC)-which examines activity in the third quarter of 2018, with a revised forecast for full year 2018 and a first forecast for full year 2019. Independent analysis is provided by our research partners SFA (Oxford).   The Foreword to the report describes platinum substitution for palladium in autocatalysts as a potential new demand driver, and notes that a range of WPIC partnerships are improving retail investors’ access to physical platinum. Also, our short pieces on platinum’s many and varied demand applications, described in our new 60 Seconds in Platinum publications, are now available as a free subscription through our website. Key data from the study says, that mining supply in 2018 will fall by 1% ...

Thanksgiving Day through Cyber Monday, Over 165mn Americans shopped Overall shopping rocked by 40% Over the previous year! Pangolin Diamonds results of an AK10 kimberlite indicator mineral chemistry classification by CF Mineral Research Ltd, Kelowna, Canada. Pangolin has been granted the sole and exclusive option to earn up to a 75% interest in the Orapa AK10 Kimberlite because +50 carat diamond potential indicator & positive results from 8,969 individual kimberlite indicator mineral analyses. A database of mineral chemistry analyses from the Orapa AK10 kimberlite consisting of 8,969 analyses of individual kimberlite indicator minerals (KIMs) were submitted to CF Mineral Research for classification using their proprietary classification scheme for KIMs to assess the diamond potential of the Orapa AK10 kimberlite. A total of 1,908 clinopyroxene analyses were classified.  The result of the classification found that 12.6% are associated with a derivation f...

Pangolin Diamonds positive results from 8,969 Individual kimberlite indicator mineral analyses Pangolin Diamonds results of an AK10 kimberlite indicator mineral chemistry classification by CF Mineral Research Ltd, Kelowna, Canada. Pangolin has been granted the sole and exclusive option to earn up to a 75% interest in the Orapa AK10 Kimberlite because +50 carat diamond potential indicator & positive results from 8,969 individual kimberlite ndicator mineral analyses.   A database of mineral chemistry analyses from the Orapa AK10 kimberlite consisting of 8,969 analyses of individual kimberlite indicator minerals (KIMs) were submitted to CF Mineral Research for classification using their proprietary classification scheme for KIMs to assess the diamond potential of the Orapa AK10 kimberlite. A total of 1,908 clinopyroxene analyses were classified.  The result of the classification found that 12.6% are associated with a derivation from the diamond stability f...

A M Naik appointed as Chairman of NSDC Shri A M Naik has been appointed as Chairman of National Skill Development Corporation (NSDC) by the Ministry of Skill Development and Entrepreneurship. Currently Shri Naik is the Group Chairman of India's biggest engineering and construction conglomerate-Larsen & Toubro Limited (L&T). He is one of the most respected management professionals in the country. His years of successful stewardship have resulted in building L&T as one of the strongest global businesses.   Making the announcement, the Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship Shri Dharmendra Pradhan said that Shri Naik epitomizes core values of a successful leader - strength, innovation, ingenuity, knowledge and foresight- values that are imperative to the success of any development initiative in today's economy. His standing in the community of industrial leaders will strongly enhance the industry connect. Hi...

Magnificent Jewels features 10.62 Carat Fancy Vivid Blue Diamond Ring Sotheby’s December auctions of Magnificent Jewels, Important Watches and Lady Blue Eyes: Property of Barbara and Frank Sinatra are featured. The Magnificent Jewels sale will offer an array of exceptional and signed jewels, together with remarkable precious gemstones, led by a highly important 10.62-carat fancy vivid blue diamond, estimate at $20/30 million.   Magnificent Jewels to be auctioned on December 4, Lady Blue Eyes would open for bidding from 27 November & up to 7 December Online. This property of Barbara and Frank Sinatra, the Lady Blue Eyes would go under the hammer on December 6. Sotheby’s auction is scheduled at New York. A reference to Barbara Sinatra’s best-selling memoir, Lady Blue Eyes: Property of Barbara and Frank Sinatra will offer a rare window into the personal lives of the famed couple, through more than 200 works that Barbara and Frank assembled and lived with togeth...

Jewellery that can be handed down generations The designs of the collection reflect Dali’s love for Gala. Gala is not only Dali’s wife, she is his muse, role model and life partner. The inspiration behind the Gala collection is based upon Dali’s paintings and writings about Gala.   The combination of the selective stones and historic motifs form an authentic collection inspired by Davis’s painting. This collection shows Davi’s aesthetics colors that he uses in his paintings. Every piece in the collection symbolizes the different emotions of their love. All designs are embellished with diamonds and colored gems. Latika Khanna, Founder and Designer, Latique, says: “My endeavor is to create jewellery that compliments the wearers’ personality. I strive to create timeless pieces of jewellery that can be handed down generations. Each design ensures that every uncut diamond and every gem is set in a way that maximizes its brilliance and beauty.” Availability at th...