GJ Town India

  Sotheby’s Magnificent Jewels Auction on 9 December Sotheby’s announces Live Auction on 9 December Magnificent Jewels in New York is headlined by exquisite jewels from the collections of Cecile Zilkha and Marylou Whitney and complemented by an exceptional group of top-quality Fancy Colored diamonds in hues of red, blue, orange, pink, green and yellow.  For connoisseurs of design, there is a rich selection of vintage jewels by Cartier, Boivin, Belperron and Schlumberger and a stunning group of Art Deco masterpieces by Boucheron, Bulgari, Cartier and Yard.   Renowned for her timeless elegance, dedicated philanthropy, and lifelong interest in the arts, Cecile’s collection reflects her iconic sense of style and affection for objects of superlative quality and craftsmanship.  Marylou Whitney, a generous philanthropist, thoroughbred breeder, arts patron, devoted wife and mother, and glamorous society hostess. Known in the racing world as the “Queen of Saratoga,” Marylou w...

DJGF to take place from 25 th to 27th September 2021   “Over recent weeks, we have been in constant discussions with the key industry stakeholders, partners and the local government for organizing the exhibitions in safe and healthy environment. Due to on-going pandemic situation, Informa Markets in India has taken a difficult but necessary decision to cancel this year’s edition of Delhi Jewellery & Gem Fair, originally scheduled for 13th to 15th December 2020 at Pragati Maidan, New Delhi.  It will now take place from 25th – 27th September 2021 at the same venue, Pragati Maidan – New Delhi” said Pallavi Mehra, Group Director-Jewellery Portfolio, Informa Markets India in a statement. Informa Markets India believe that the new dates will allow more time for normality and confidence to return to the marketplace and provide all-around better conditions for exhibitors and visitors to engage. Delhi Jewellery & Gem Fair 2021 will be organized in accordance with Informa’s a...

Silver momentum remained upward   What happened in the silver market in Q3? Silver price update is here & that covers supply, demand and other key factors impacting the metal.   Silver put in its best performance of 2020 in Q3, adding more than 60 percent to its value by mid-August. Surging to a seven year high, the metal neared US$30 per ounce. The price move created a value opportunity for investors. Pushed higher by precious metals demand, industrial declines had less of an impact on silver’s ascent than initially expected, meanwhile, heightened exchange-traded fund buying also factored into the metal’s push to US$29.   However, silver’s strong momentum didn’t last by the end of September; the white metal had shed 27 percent of its Q3 gains to hold in the US$24 range. Silver’s upward momentum in Q3 came after a slow start to the year. The white metal began 2020 at US$18.02 and faced incredible headwinds late in Q1 as the markets fell sharply in response to d...

Diba gold project excellent results   Altus Strategies announces excellent results from metallurgical testwork on oxide and sulphide samples from the Company’s 100 % owned Diba gold project in western Mali. The work was undertaken to test the amenability of Diba ores to carbon-in-leach and heap leach processing. The findings of the process said, Excellent gold recoveries from oxide and sulphide samples from Diba gold project in Mali. Steven Poulton, Chief Executive of Altus, commented, “The results of the metallurgical testwork on both oxide and sulphide material from Diba are simply excellent. Heap leach amenability shows 95.8 % gold recovery at a coarse crush size.  This recovery is significantly higher than the 80 % modelled in the current PEA which we reported on in July. More significantly, the testwork on fresh (sulphide) samples shows that CIL processing will likely be very effective, with 86.8 % gold recovery at attractive grind sizes.    “Diba already boas...

Moving closer Indo-Swiss business ties   The Embassy of India (Berne), GJEPC and the Swiss-India Chamber of Commerce, Zurich, jointly organised the India Global Connect on 26th November, 2020, to explore and identify new business opportunities with leading jewellery retailers and wholesalers in Switzerland. The program aimed to connect 11 Indian top companies with eight Swiss brands.   Suresh Kumar, Joint Secretary, Department of Commerce, Ministry of Commerce & Industry, in his keynote address, said, “India has a long-standing and dynamic relationship with Switzerland and we are celebrating the 72nd anniversary of our friendship treaty. Let us make use of this opportunity in the times of travel restrictions to tap right business opportunities globally.”   Colin Shah, Chairman, GJEPC, in his address, stated, “The India Global Connect with Switzerland will elevate India’s reputation as a robust and highly skilled jewellery manufacturing hub in one of the world’s ...

Time to adopt 3Cs, Charm, Cost effectiveness & Conscientious work!   Re-think & re-orient GJ practices and processes   Union Commerce and Industry Minister Shri Piyush Goyal said that to become self-reliant, the Gems & Jewellery (GJ) industry needs to re-think, re-orient & re-design its practices and processes which will lead to further progress.   Addressing CII's Digital GJ Conference on Self-Reliance in Jewellery: Mining, Manufacturing & Markets today, he said that Gem & Jewellery sector, through its consciousness about quality & price competitiveness, has been able to penetrate markets of USA, UAE, Russia, Singapore, Hong Kong, etc, and India is today well recognised the world over for its gem & jewellery sector, for the- Charm they bring to products - Cost effectiveness - Conscientious work. Shri Goyal said that the Covid pandemic tested the country’s resolve and the Gems and jewellery sector had taken a big hit. But, he added...

No jewelry brand has such an illustrious history as HW   Traveling north through the Flatiron District, Winston Designer’s instantly took note of the steady stream of traffic and the daily hustle and bustle along Fifth Avenue. From taxicabs to cyclists, the famed thoroughfare’s magnetic energy generates from those who come and go.   The Pearl and Diamond  Draperies  Suite celebrates these dynamic intersections along Fifth Avenue and the Art Deco architectural elements found throughout.  No jewelry brand has such an illustrious history and connection to the city of New York as the House of Harry Winston (HW). The New York Collection by Harry Winston pays homage to Mr. Winston’s beloved city. This bejeweled love letter to our founder’s home. A city whose vibrancy continues to motivate creativity in all aspects of life – is comprised of sub-collections: Brownstone, Cathedral, City Lights, Fifth Avenue, 718, Central Park Mosaic, and Eagle.   Respective collec...

Bayhorse Silver achieves from the Harrison Gold Project   Bayhorse Silver has achieved 94.7% plus gold recovery from a composite quartz sample from the RN Mine Zone at the Harrison Gold Project, Harrison, BC. The Harrison Gold Project is permitted for drilling and bulk sampling. Three quartz samples totaling 82.18 kg were taken from the prominent gold-bearing quartz veins from the historically mined RN underground workings. The head grade of the samples was 13.2 g/t Au. Historical reports indicate that a total of 642.82 tonnes (708.58 tons) of mined material was shipped from the RN Zone that contained 30,443 grams of gold (978.89 ounces), 11,000 grams silver (300 ounces) and 616 kilograms of copper.  Mineralization at Harrison consists of free milling gold, with gold sizing from 0.2 to 2.0 mm sized grains, within quartz veins ranging from less than a cm to several tens of cm in width.   Bayhorse CEO Graeme O'Neill comments, "Gold recovery from the metallic screen assays...

Endeavour and Teranga at M&A way Combination to create new senior gold producer   Endeavour Mining Corporation and Teranga Gold Corporation are announcing that they have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the Canada Business Corporations Act   Existing Endeavour and Teranga shareholders will own approximately 66% and 34%, respectively, of the combined company on a fully diluted in-the-money basis. Pursuant to the Plan of Arrangement, Teranga common shares will be exchanged at a ratio of 0.470 Endeavour ordinary shares for each one Teranga common share.   The Exchange Ratio represents a modest premium of 5.1% based on the closing price of Endeavour and Teranga’s shares on the TSX on November 13, 2020 and 9.4% based on the 20-day volume weighted average price of both companies for the period ended November 13, 2020.   Sébastien ...

The relevance of gold as Russia’s strategic asset   The World Gold Council has published the report on Russia Gold as, the relevance of gold as a strategic asset Russia edition. The report is focusing  on Untapped gold demand in Russia with insight.   The investment market for gold in Russia has remained relatively undeveloped for many years, in contrast to the relatively rapid demand growth witnessed in China and Europe, where demand for gold bars and coins has multiplied more than tenfold in both markets over the last 15 years. One significant barrier to potential gold market development in Russia is the disincentive created by the hefty rate of VAT (value-added tax) – at 20% applied to bullion bar purchases.  But we believe awareness of gold as an asset among Russian citizens is strong and demand for gold would likely grow, particularly if investors had access to a trusted range of products and fair and transparent pricing.   These findings are reinforce...

Alrosa ranked 2 nd top in the Forbes rating Alrosa jumped up from 7 th rank in 2019!   Alrosa ranked second in the top 50 best employers in Russia rating by the Forbes magazine, moving from number 7 in the last year ranking.   This year’s rating of Russia’s best employers is Forbes’ second. In 2020, in addition to working conditions and corporate social and environmental policies the final score factors in expert opinion. These were heads of reputable Russian universities, such as RANEPA, NES and Skolkovo School of Business, and the publication’s board members. Compiling this year’s rating, Forbes paid special attention to charity and sponsorship, as well as to the environmental policy of companies. Forbes ranked Alrosa second in the list of the best employers in the country with 63.7 points. According to the study, the diamond miner’s spending on charity and support of local communities in 2019 was one of the highest in the ranked corporates.   In 2019, Alrosa’s...

The FCDI displayed a general stability! FCDI Q3 2020 decreased by 0.7%   The Fancy Color Research Foundation (FCRF) announced the results of the Fancy Color Diamond Index (FCDI) for Q3 2020.   2020 will be remembered as the year the world stood still. Literally, most commercial and cargo flights halted, stores closed down and business resolved to work remotely with no travel to the office. Aligning with the Covid-19 restrictions, many businesses had not only to change the way they operate, but to slow down or close production completely. After two long quarters, in which the FCRF was unable to conduct a price survey, we are thrilled to publish the first index for 2020.   Q3 2020 results says, on average, Fancy color prices slid down by 0.7%, however, with transactions picking up in Q3 2020, the FCDI displayed a general stability in relation to this chaotic period.  The majority of categories experienced a decrease of less than 1%, while Yellow showed lower drop...