GJ Town India

Williamson tender includes  32.32 carat Pink Diamond! Petra Diamonds Limited announces that the first tender of rough diamonds from the Williamson mine in Tanzania, post the restart of operations, is taking place in Antwerp until Friday 26 November 2021.   The mine was placed on care and maintenance in April 2020 in order to preserve its liquidity, at a time when diamond pricing was impacted by the COVID-19 pandemic, and operations recommenced in Q1 FY 2022.   A parcel of ca. 26,000 carats is available for sale and includes a 32.32 carat pink stone of exceptional colour and clarity.   Appointments to participate in the tender can be made by contacting: Greg Stephenson, Group Head of Sales and Marketing,  Tel: +27 836 379 849,  Email: diamondsales@petradiamonds.com  

…be a part of the unfolding India story   The Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal has said, as per a recent CII-Ernst & Young report, India will be the next investment global hotspot.  “We have the potential to attract an annual FDI in the range of $120- $160 billion by 2025. Last seven years we’ve seen a record FDI, each year breaking the previous record for 7 years in a row.   And I do hope to see that continue looking at the major structural reforms, the fact that we have a proactive leader in Prime Minister Modi, willing to listen and willing to change with the changing times,” he said, addressing the 2nd edition of the CII National Conference on MNCs, 2021, through video conference.   Goyal said global sentiments have changed from ‘Why India?’ to ‘Why Not India!’, and today ‘We must be in India!’ “There are more success stories here than anywhere in the world today, 71 unicorns. ...

The concluding KP begins its next Review Cycle WDC President Edward Asscher struck a positive tone in a statement made at end of the Closing Session of the 2021 Kimberley Process (KP) Plenary on November 12, noting that he was encouraged by the KP’s constructive discussions and its welcoming of a Declaration on Supporting Principles for Responsible Diamond Sourcing as Best Practices. “This is a positive step that further highlights the important role of the KP in stemming the flow of conflict diamonds,” the WDC President stated.  While the WDC would have preferred that the KP make concrete decision about the expansion of the conflict diamond definition, Asscher said “we always seek to support journeys of continuous improvement, and so we will continue to push for progress.” He added that the WDC will place the conflict diamond definition as a priority item, when the KP begins its next Review Cycle. While it continues to encourage the KP to make the progress that is necessary both t...

Towards provenance of luxury goods   Younger generations more interested in ethics and sustainability as  the new status in luxury and are prepared to pay a premium for this   New research published in De Beers Group’s latest Diamond Insight Flash Report highlights that consumer attitudes towards provenance are changing as younger generations value ethics and sustainability assurances beyond simply knowing where a product originated. [Read: latest Diamond Insight Flash Report: https://gjtownindia.blogspot.com/2021/11/latest-diamond-insight-flash-report_20.html ]      Based on research conducted among 1,000 US consumers, the report found that while consumers aged 50 and above cited quality factors as being their most important considerations relating to provenance of luxury goods (for example, French champagne, Italian cashmere), the 18 to 34 age cohort over-indexed on factors such as ‘human rights,’ ‘environmental impact’ and ‘from a company whose va...

The drivers of Indian gold demand  report released the first in a series!                                For every 1% increase in Inflation, gold demand In India increases by 2.6%,                                        highlights World Gold Council (WGC) Report   The World Gold Council today launched a report titled ‘The drivers of Indian gold demand’, the first in a series of in-depth analysis on the Indian gold market. Using an econometric model, it draws on three decades of annual data, dating from 1990 to 2020, to gauge some of the principal influences driving gold demand in India.   The report assesses gold demand from a range of perspectives, both quantitative and qualitative. It considers the findings of a comprehensive analysis of the long- and short-run determinants of Indian go...

  A landmark immersive series: The Golden Thread The World Gold Council (WGC) has launched its first immersive documentary series showcasing gold’s impact on humanity’s past, present and future. A five-episode series explores the metal’s history, cultural relevance and technological uses. [Clock for five episode: The Golden Thread Episode Synopsis: https://gjtownindia.blogspot.com/2021/11/the-golden-thread-episode-synopsis.html ]   Featuring experts and stories from around the world, exploring gold’s world-changing impact as an engineering super-material, biological instrument, symbolic creative medium and economic pillar. It is presented by Hannah Fry, a professor in the Mathematics of Cities, best-selling author and award-winning TV host.   Filmed across the globe, the series features experts including include clean-tech pioneer Phil de Luna; Tawny Chatmon, an artist who works with gold leaf; and with a former F1 championship-winning mechanic.  Overtime the websit...

  Launches its latest collection of  Platinum Love bands   Over the last few years, we have realized of how fragile life is, making us value what we have, and cherish the relationships that we hold closest. When everything stood still, couples stood right by each other. They forged new pathways for each other when challenges took over and their dreams took a backseat.   They learnt to recognize and fight unknown moments of stress, hand in hand. They have leaned on love like never before seeking comfort and hope and nurturing each other with strength & tenacity. And thus, for a love like this, everything falls short to express gratitude.   Gratitude is said to be the memory of the heart. When couples express their gratitude to one another, it leads to a relationship that is built on a sense of joy, contentment and security. When all the reasons for being grateful build up to a moment and words fall short, it's then that they seek something extraordinary...

Bullion Exchange to solidify India’s i mage as a gold trading hub: GJEPC   4th IGJS will be held in December 2021   The Gem & Jewellery Export Promotion Council (GJEPC) has been spearheading structural policy reforms surrounding the organisation of India’s gold industry at the three previous editions of its annual India Gold & Jewellery Summit (IGJS) - the 4th edition of IGJS will be held in December 2021 in New Delhi.   The GJEPC has been propagating the benefits of setting up a Bullion Exchange that can focus on price discovery and provide an entire ecosystem around financial products based on gold and physical deliveries.   The scattered Indian gold market has numerous regulators overseeing different aspects of the trade. As a result, in spite of its significant size and important global position, the Indian gold market is unable to realise its full potential due to multiple challenges, including lack of quality assurance, weak price transparency, ...

                                         WDC reasserted at the 2021 KP Plenary                                            in order to support long-term consumer confidence Speaking to the full assembly of delegates during the Opening Session of the 2021 Kimberley Process (KP) Plenary, World Diamond Council President Edward Asscher has reasserted the need for Kimberley Process members to agree to expand the conflict diamond definition in order to support long-term consumer confidence.   Asscher noted that the Plenary was taking place at a time when young consumers are increasingly expressing their demands for assurance about the social and environmental credentials of the products they buy, and highlighted that the diamond industry has the ability to deliver on these ...