GJ Town India

  Weighing 9.07 carats stone is the 2 nd largest of the park!   On Labor Day, Kevin Kinard, a 33-year-old bank branch manager from Maumelle, Ark., visited Arkansas's Crater of Diamonds State Park and found the second-largest diamond found in the park’s history. Kinard has visited the Crater of Diamonds fairly regularly since first going there on a second-grade field trip, despite having never found a diamond. This trip was to turn out differently.   Kinard and his friends brought equipment with them to wet sift, but Kinard preferred surface searching. “I only wet sifted for about 10 minutes before I started walking up and down the plowed rows. Anything that looked like a crystal, I picked it up and put it in my bag.”   While searching in the southeast portion of the diamond search area, Kinard picked up a marble-sized crystal that had a rounded, dimpled shape. He said, “It kind of looked interesting and shiny, so I put it in my bag and kept searching. I just t...

  Bids close on December 2, 2020   Rio Tinto’s annual Argyle Pink Diamonds Tender, the most exclusive diamond sale in the world, has taken its inspiration for its 2020 showcase from the Japanese philosophy of Ichigo Ichie, celebrating the unrepeatable nature of a moment in time.   Rio Tinto’s Argyle mine in the remote East Kimberley region of Western Australia produces virtually the entire world’s supply of rare pink diamonds and will cease production at the end of 2020.   Patrick Coppens, General Manager, Sales and marketing for Rio Tinto’s diamonds business said “Operating since 1983, the Argyle pink diamond jewellery phenomenon started in Japan in the late 1980s when Japanese designers boldly embraced Argyle’s pink diamonds and incorporated them in beautiful and innovative designs. In Japan today the Argyle pink hues are synonymous with romance and love and there is an unerring appetite for the smallest, palest pink diamonds, through to the rarest red diamon...

  India boosts domestic investments in India!  Recently, Government has taken various steps in addition to ongoing schemes to boost domestic investments in India. These include the National Infrastructure Pipeline, Reduction in Corporate Tax, easing liquidity problems of NBFCs and Banks, various policy measures to boost domestic manufacturing. Government of India has also promoted domestic manufacturing of goods through public procurement orders, Phased Manufacturing Programme (PMP), Schemes for Production Linked Incentives of various Ministries.   Further, with a view to support, facilitate and provide investor friendly ecosystem to investors investing in India, the Union Cabinet on 03rd June, 2020 has approved constitution of Empowered Group of Secretaries (EGoS) for Investment chaired by Cabinet Secretary with CEO, Niti Aayog, Secretary, D/o Commerce, Secretary, D/o Revenue, Secretary, D/o Economic Affairs and Secretary DPIIT.   As Members with following main ob...

Indian imports hit nine-month high!   India’s gold market in August: Indian imports hit nine-month high but retail demand remained weak, inks Mukesh Kumar, Market Intelligence Group-World Gold Council.   The domestic gold price decreased by 4.4% m-o-m but ended the month 31.1% higher y-t-d, Economic indicators sent mixed signals during August, suggesting that the Indian economy is unlikely to witness a quick recovery! Foreign Institutional Investors (FIIs) inflows into Indian equities touched an all-time high of US$6.4bn and USD/INR appreciated by 1.6% during the month. Retail gold demand weakened as consumers waited on the side lines following a sharp correction in the domestic gold price amid rising COVID-19 cases, 1: Demand for safe haven assets and strong year-to-date performance, coupled with the price correction likely seen by investors as a buying opportunity, supported gold ETF flows. Total holdings for Indian gold ETFs reached 25.7t at end of August; a net inflo...

  A 51carat D-colour Type IIa stone included in the parcel Lucapa Diamond Company Limited and its partners Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas are pleased to announce the results from the latest sale of diamonds from the Lulo alluvial diamond mine in Angola.   A total of 3,862 carats of Lulo diamonds sold for gross proceeds of US$5.6 million (A$7.9 million) on a 100% basis, representing an average price of US$1,450 (A$2,057)/ carat.  Total sales of Lulo year to date amounted to 16,128 carats for US$21.3 million (A$31.2 million) or US$1,323 (A$1,932)/ carat.   Lucapa Managing Director Stephen Wetherall commented: “As foreshadowed, the strong operational performance and record diamond recoveries at Lulo in July and August, together with a recovering diamond demand positively impacting prices, should bode well for Lulo in H2 2020.”

  D Colour, Flawless Oval 102.39 carat diamond at Sotheby’s live Auction!   Sotheby’s announces live auction on October 5, 2020 at Hong Kong! This autumn, Sotheby’s is present one of the rarest and most coveted wonders of nature: A Highly Important 102.39 carat D Colour Flawless Oval Diamond. Only seven D colour Internally Flawless or Flawless white diamonds over 100 carats have been sold at auction, making this the eighth.  In an unprecedented move, this perfect diamond will be offered without reserve. This approach marks the first time in auction history that a diamond of this calibre, or any work of art or an object of such importance and inherent value, will be offered in this way.   A highly important feature is that the diamond is unmounted! The oval brilliant cut diamond weighing 102.39 carats accompanied by GIA report no. 2205118593, dated 3 September 2020, stating that the diamond is D Colour, Flawless, Excellent Polish and Symmetry; also accompanied by a ...

  Release of payment of MSME dues on priority   In another major step towards payment of MSME dues by different sectors, Union Ministry of Micro, Small and Medium Enterprises (MSMEs) has now impressed upon the private sector enterprises of the country to take measures for release of payment of MSME dues on priority.   During the announcement of AatmNirbhar Package, it was desired that the MSME receivables and dues should be paid in 45 days. Accordingly Ministry of MSME took up the matter aggressively with Central Ministries, their Departments and Central Public Sector Enterprises (CPSEs). In addition to writing and following up with them, Ministry has also devised an online system for reporting. Hundreds of CPSEs have been reporting on this system about the monthly dues and payments since last four months.  Around Rs. 10000 crores have been reported to have been paid by the Ministries and CPSEs. Similarly, Ministry has also taken up the issue with States and moti...

  The show will remain opened until October 16!    Show to witness 500 exhibitors & 10000 buyers!   GJEPC’s flagship show IIJS takes a virtual leap!   IIJS Virtual, the digital edition of GJEPC’s flagship August show, is scheduled in October during the 12 & up to 16, this year. Inspite of the pandemic that has crippled India’s economy, IIJS Virtual show has already created a buzz among industry circles, with initial exhibitors’ interest exceeding expectations.   Like many industries, the jewellery industry too has been impacted due to a long list of cancelled or postponed events, shows, exhibitions, and weddings for the next few months. However, the perseverance and hard work of GJEPC has resulted in large numbers of exhibitors showing a keen interest in taking part in the virtual show. The show is expected to see the participation of approximately 500 exhibitors and 10,000 buyers through this online platform.   The show will have ded...

  First virtual store launch!   Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, inaugurates its first store in Patna in Bihar through a unique virtual store launch event.  Brand ambassador Bollywood actor Anil Kapoor and Malabar Group Chairman M P Ahammed will grace the first-of-its-kind virtual store inauguration event which will be streamed on its official Facebook page!   Located at Boring Canal Road, the lavish showroom is a part of its global expansion plan of the jeweller and its vision to strengthen retail presence in eastern India. The jeweller said that it will hold virtual store launches to inaugurate showrooms across India, going forward, to comply with the safety and security guidelines in the post-Covid scenario.   The spacious store in Patna with an area of 5500 square feet will offer a safe and hygienic retail environment to its customers by adopting all the necessary precautions and safety meas...

  Opens in the heart of Mumbai city!   India’s leading Diamond jewellery retail chain expands its f ootprint in Mumbai with another store in Phoenix Marketcity, Kurla!   ORRA, India’s leading and trusted brand of diamond jewellery has added another jewel to its crown by launching their 40th store in the city. The brand-new store spread across 797 sq. feet, is located at Phoenix Marketcity Kurla, regarded as one of the most popular luxury shopping destinations.   ORRA takes pride in its diamond legacy and has been a pioneer in design leadership and product innovation, offering wide range of bridal and contemporary jewellery pieces. With 5 global design centers in Tokyo, Hong Kong, Antwerp, Mumbai and New York, ORRA carries a legacy of 700-year old Belgian craftsmanship.  Commenting on the store launch, Mr. Dipu Mehta, Managing Director, ORRA India said “I am thrilled to announce the opening of our 9th store in Mumbai at Phoenix Marketcity Kurla. The new sto...

  Silverware by Vandana Sarawgi of SR Artefacts    This festive season, Vandana Sarawgi, Head Designer and CEO- SR Artefacts celebrates the beautiful art form of Nakashi with her new collection of silverware. Nakashi is an art form that is practised in the cherial of Siddipet, Nirmal and Jagtial District in the state of Telangana, India.   They are basically scrolls of narratives from mythology and folklore and used in storytelling. This festive silverware collection by Vandana Sarawgi is rich in culture yet easy to relate to - as the themes and stories are familiar - drawn from the storehouse of ancient literary and folk traditions.   You could take your pick from a svelte Kashmiri Kunja, a Pooja thali set, A Dessert set featuring banana leaves, Nakashi Urli, Nakashi Elephant Tusk, a Floral jug, Cupid fruit bowl and a lot more.

  Secure your gold rate today with pre book!   After a gloomy first half that 2020 left behind, consumer sentiments are gradually returning to normalcy and consumers are now gearing up to celebrate the most exciting time of the year led by festivities, personal milestones and celebratory occasions. Always with customers at the core of its thoughts and planning, India’s leading and most trusted jewellery brand from the house of Tata- Tanishq, announces its consumer centric plans for the festive season ahead.   With the biggest yet, Tanishq launches its exclusive and well thought of Pre Book and secure gold rate offering for its consumers where one can pay 25% advance towards the jewellery value. With this offering,  customers can avoid the festive rush and maintain social distancing by pre-booking the products and also avail the additional benefit of freezing gold rate by billing it at a gold rate that is lower than the gold rate between the advance booking date a...