GJ Town India

https://youtu.be/4LMEB2lb_es Life’s unexpected twists and turns can often be the catalyst for great new things. They teach us to be adaptable and agile, and to see opportunities in every outcome. This trend is about dynamism and surprise. Introduce silhouettes based on sculptural twists that thrill from every angle. A sweeping band of pavé diamonds or a striking solitaire, Asymmetric diamond clusters or mixed cuts that builds interest and perspective to draw the eye.    “Life can change in an instant. This is a fact that every person on the planet has felt, yet it is something which unites us on a deep and significant level. As mind-sets inevitably change, a more considered approach to consumption will draw us to meaningful purchases.   The trend Diamond Rain showcases the strength, beauty and rarity of diamonds that inspire us to look forward, just like the ability of rain to refresh and revive. Together, these marvels of nature symbolize our hopes and dreams. As for...

  https://youtu.be/RQq4Im1vWIw Diamond Rain: Rain, and all that it symbolizes, is an exhilarating source of inspiration and optimism during times of challenge and change. In its embodiment as rain, we associate it with renewal, rejuvenation, and growth. When translating rain’s allure into diamond jewellery, the remarkable properties of diamonds such as, their strength, natural beauty and rarity, inspires us to desire for new beginnings and clearer times.   In the same way that rain refreshes, we can explore new ideas and incorporate diamond cuts such as pears, marquise and squares to replicate the stunning fluid droplet and ripple movement from rain and to transform much-loved statement pieces to treasure forever.

Gemewizard and IIG open fourth branch! The Gem Color Academy, Gemewizard's educational arm, announced the official opening of its fourth branch, run in collaboration with International Institute of Gemology (IIG) of India.  The new venture enables IIG to offer online and on-site classes of Gem Color Academy's Colored Stones Grading Course in its premises in India and Hong Kong. Gemewizard's president Menahem Sevdermish discusses the new collaboration:  "Gemewizard is always looking for new ventures to expand its services worldwide. We see India as a main target for our products and courses. Therefore, the IIG, a long-established and a prominent player in education of gems and jewelry in this region, is the best partner we could ask for our online programs." IIG's CEO, Rahul Desai, concluded that "the unique tools given by the Colored Stones Grading course and our Institute’s approaches of continuously looking for new innovative courses are a perfect matc...

Platinum an investment alternative to gold!   Recently in January 2021 ABNAmro said, “We think that platinum prices have the largest upside potential this year. Slowly but surely the stars are aligning for this precious metal. First, a positive outlook for gold prices also supports the outlook for platinum. They are both used in jewellery and we expect a modest rise in jewellery demand especially from China (largest market for platinum jewellery).”   Moreover, some investors buy platinum as an investment alternative to gold if gold prices become expensive. Second, we expect an ongoing recovery in the industrial sector that will probably result in higher industrial demand for platinum. Third, we expect higher consumer demand for cars this year.  Meanwhile, more stringent car emission regulation results in more platinum content for car catalysts. So we expect platinum demand for car catalysts to rise. Fourth, fuel cell technology for cars will continue to get more attenti...

Decoded smugglers preferred modus from Vehicle to in-person concealment!   In a spectacular bust of the Myanmar-India gold smuggling network, the Delhi Zonal Unit of the Directorate of Revenue Intelligence (DRI) seized 55.61 kg of foreign origin gold valued at Rs. 28 crore from eight persons at two locations, i.e. Delhi and Lucknow on 21st January, 2021.   Specific information was developed by DRI regarding smuggling of huge quantity of foreign origin gold from Myanmar into India through the Indo-Myanmar border and sending it to different parts of India. The spurt of economic activity seen after the lifting of Covid related lockdowns throughout the country, combined with the pent-up demand for gold, coincided with a surge in such smuggling activities. The blocking of air routes through the lock down period also saw a significant shift in the modus operandi of smugglers from the air routes to the land route through the Indo-Myanmar border. Keeping constant vigil over thes...

Impacting both rough and polished diamond prices!   Lucapa Diamond Company Limited presented its activities report for the Fourth Quarter (4Q) ending 31 December 2020. The consumption and strong demand that saw the diamond industry commence its recovery in Q3 2020 continued into the festive period, favourably impacting both rough and polished diamond prices. This momentum has continued into 2021.   Key Highlights that includes 1: Lulo & 2: Mothae.   1: Lulo, a: Two +100 carat diamonds recovered, one from MB46 adjacent to the Canguige catchment area, b: Record annual diamond production and carat sales at Lulo & c: Delivery of 15.2 carat polished pink diamond from Lulo’s cutting & polishing partnership. 2: Mothae, a: Recommencement of scaled mining operations at Mothae, b: One +100 carat diamond recovered, Mothae’s most valuable diamond recovered to date, c: Mothae signed a new marketing agreement, including a cutting & polishing partnership, d: ~280% ...

Overviewed US Silver market 2020 Silver Jewelry Report overviewed US Silver market 2020. Any review of the US silver jewelry market in 2020 is inevitably dominated by the depth of the trough as the Covid pandemic took hold and then the speed of the recovery as lockdowns were eased and the economy came back to life.   In this regard, we can point to the data from the US Department of Commerce on sales (by value) of all jewelry and watches. This shows a dramatic slump to losses of -51% y/y in April and a strong recovery to +2% in June (making for an indicative -25% for Q2 as a whole).  Our contacts inform us, however, that recent sales include an element of pent-up demand, as more consumers are at last able to leave their homes, and so called “revenge shopping” (the latter being shopping as remedy to the general gloom of recent months). As a result, it is far from guaranteed that the modest gain seen in June continues.   This would be doubly certain if infection rates f...

  Profit increases drastically since 2008 The Swiss National Bank (SNB) expects to post an annual profit of CHF21 billion ($23 billion) for 2020, it said on Friday. Rising stock prices had boosted the value of its huge foreign currency investments.   The SNB made a profit of CHF13 billion from its foreign currency positions and saw a valuation gain of CHF7 billion from the 1,040 tonnes of gold it holds, according to preliminary figures announced in a statement External link.   The SNB’s profit was lower than the CHF48.9 billion it posted for 2019, as a weakening dollar reduced the level of profits when translated into francs. However, the profit means the SNB can distribute CHF4 billion to the Swiss government and cantons, the same level as last year. It also proposed a dividend of CHF15 per share, the legal maximum.   The distribution of profits is regulated by a convention drawn up between the finance ministry and the SNB. For the period 2016-2020, the convention s...

Focussing advancing Industrial Revolution 4.0 Davos Agenda: a Crucial Year to Rebuild Trust The World Economic Forum Davos Agenda, taking place virtually on 25-29 January, will bring together the foremost leaders of the world to address the new global situation. Heads of state and government, chief executives and leaders from civil society will convene under the theme: A Crucial Year to Rebuild Trust.  Drawn from over 10,000 civic-minded young leaders, members of the World Economic Forum’s Global Shapers, Young Global Leaders, Technology Pioneers and Social Entrepreneurs communities will bring unique perspectives to The Davos Agenda. The meeting will focus on creating impact, rebuilding trust and shaping the policies and partnerships needed in 2021. “In the context of the Covid-19 pandemic, the need to reset priorities and the urgency to reform systems has been growing stronger around the world,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. ...

A time for courage and positivity!   The Made in Tuscany watch brand strikes again! Now known all over the world, U-Boat is preparing for the second boutique in the heart of Florence.   It is a time for courage and positivity, the watch designer from Lucca, Italo Fontana, is firmly convinced of this and he is preparing to double the presence of the brand in the Renaissance capital by opening a second store that will flank the iconic boutique of Ponte Vecchio. Precisely in this moment in which despair and uncertainty towards future scenarios and global difficulties seem to prevail over many people, U-Boat roars and pulls out its claws, continuing with courage and enthusiasm the path started twenty years ago.   The new sign of the brand already stands out in the very central and refined Via Strozzi at number 28r, a vibrant center of Florentine high-spending shopping, waiting for the official opening scheduled for March.   The brand, which has always distinguished i...

IGI adds post-growth treatment to certification process Incorporates further transparency to LGD reports   The International Gemological Institute (IGI), the pioneer of lab-grown diamond certification since 2005, announces that new details highlighting the manufacturing process of lab-grown diamonds are added to Institute reports, effective January 2021.   While previous reports always indicated that lab-grown diamonds “may include post-growth treatments to alter color,” the Institute conducted in-depth research and data collection using the most up-to-date technology to confidently state if the diamond was “as grown” or may have been treated.  “The popularity of lab-grown diamonds has heightened since IGI debuted the industry’s first reporting of the man-made gemstones 16 years ago,” said IGI CEO Roland Lorie.  “As the technology advances and demand evolves, the Institute will continue to do right by the consumer and provide the highest quality of certificat...

Petra suspends production guidance for FY 2021   The diamond market has continued to show improved demand for rough diamonds, as evidenced by the recent strong sales from the majors De Beers and Alrosa, further to continued robust demand from the midstream, following positive consumer sales during the holiday retail season. There are expectations that this improved demand will continue throughout Q1 CY 2021.   However, the current resurgence of Covid-19 in many countries poses a significant risk to the logistics and timing of sales in H2 FY 2021. Due to the ongoing uncertainty around the impact of Covid-19, production guidance for FY 2021 remains suspended. Furthermore, the Williamson mine remains on care and maintenance, as has been the case since April 2020; this situation remains under continual review. Project 2022 throughput targets have been impacted by reduced grade at Finsch as a result of the increased waste ingress and reduced volumes to manage the dilution, as ...

NDC Research Report on Desirability of Diamonds  among Gen-Z and Millennial Consumers unveiled! 96% of the cohort is active on social media!  72% of diamond jewelry purchases by female consumers! Natural Diamond Council conducted broad diamond desirability research through 360 Market Reach in the final quarter of 2020 among 5,000 respondents between the ages of 18-39.  The analysis shows diamond jewelry leading as the most highly desired, and tangible luxury good overall (after being prompted with nine luxury items to choose from if money were not a concern).   Vacations were the only luxury items ahead of diamond jewelry for both generations. Respondents also largely attribute their affinity for diamonds to uniqueness as 70% agree natural diamonds are “one of a kind.”  Another area of value for respondents was the symbolism diamonds carry for love and connection. Both Millennials and Gen-Z buy natural diamonds jewelry for themselves and others as gifts. One in...