GJ Town India

Hammered 120% above estimated and Sold 94% Magnificent Jewels by value   Christie’s New York December 8 auction of Magnificent Jewels achieved a total of $54,970,500 with 91% sold by lot, 94% sold by value, and 120% hammer above low estimate. There was global participation with registered bidders from 30 countries across five continents.  The auction achieved strong results for colored diamonds, including the top lot of the sale, an important fancy vivid yellow diamond pendant of 70.19 carats, VS2 clarity that sold for $2,850,000. Other notable results were achieved for a rare fancy vivid orangy pink diamond ring of 5.38 carats, VS2 clarity, which realized $2,670,000. A fancy dark gray-blue diamond ring of 8.74 carats, Internally Flawless, which achieved $2,610,000.  A notable collection included in the sale was A Superlative Eye: Property from a Distinguished Chicago Collection, which was highlighted by a strong selection of Art Deco Cartier jewels.   The colle...

#SampannVivah-Classic Bridal Jewellery Line launched!   Announcing upto 20 % off on gold jewellery making charges A special wedding offer untill 23rd December Reliance Jewels, India’s most trusted jewellery brand launches a classic line of designs to lift up the bridal look with handcrafted, heritage gold and diamond jewellery. With the launch of the new jewellery line, Reliance Jewels wishes the brides-to-be good luck and happiness for the next phase of their life. The curated jewellery line is perfect not just for the wedding ceremony but for various other occasions like Engagement, Sangeet, Mehendi, Reception and many others.   The collection features unique handcrafted neckwear in gold and diamond including layered style jewellery, beautiful chokers, long chains and harams with intricate work and classic bridal pieces in yellow gold and antique designs. It also includes exquisite heritage, temple style jewellery and a special gold Jewellery range with Gulabi Minakari...

Pays a befitting tribute to the undying, Limitless & spirited personality of Tamil women India’s most trusted jewellery brand, Tanishq has launched a heart-warming campaign, Pudhumai Penn-exclusively for Tamil Nadu. The women of Tamil Nadu today, play dual contrasting roles - of being the culture-custodian and the change-maker of Tamil culture and values. With this campaign, Tanishq taps into this very insight and celebrates every Tamil woman and her balanced-duality that is the springboard of her undying, limitless & spirited personality.   The Pudhumai Penn of Tamil Nadu is an embodiment of strength, affection, beauty and intellect which truly makes her the torchbearer of tradition and the change maker of today. The campaign beautifully encapsulates their essence as the one who dearly values culture, and is proud of embracing change that impacts the collective good of the society.  The film is conceptualised by Lowe Lintas. Set in a traditional, muttram (courty...

Launches with Men of Platinum range Indian International Cricketer KL Rahul   Orra India’s leading and trusted brand of diamond jewellery launches the Shaurya collection of Men of Platinum with Indian cricketer KL Rahul. The exquisite range offers tastefully curated pieces like Rings, Bracelets, Pendants and Chains. Orra celebrates the cricketers’ confidence, character and class with this collection.   The new designs of the Shaurya collection are designed around the narrative that a strong character defines a man’s personality. The platinum range personifies such men, recognizing them as Men of Platinum, thereby positioning Platinum as the preferred metal of choice. The collection is aimed at men who have a penchant for non-traditional designs, while seeking value in the product.  Expressing his thoughts, Dipu Mehta, Managing Director and Orra India said, “we are delighted to launch our new Shaurya collection with Indian cricketer KL Rahul.  He is the face of ...

Gem-studded lotus flower pendant unearthed Laura Geggel, of Science reported, a precious-gem-studded lotus flower pendant similar to one worn by ancient Egypt's Queen Nefertiti has been unearthed in a set of tombs in Cyprus. The pendant is one of hundreds of opulent grave goods from around the Mediterranean region that have been uncovered at the site, including gemstones, ceramics and jewelry.   Archaeologists from the New Swedish Cyprus Expedition first unearthed the two Bronze Age tombs, both underground chambers, in the ancient city of Hala Sultan Tekke in 2018. One hundred and fifty five human remains and 500 funerary goods were found in the tombs, placed in layers on top of one another, suggesting that the burial chambers were used over several generations.  "The finds indicate that these are family tombs for the ruling elite in the city," excavation leader Peter Fischer, professor emeritus of historical studies at the University of Gothenburg in Sweden, said in...

U-Boat Design and Tuscan craftsmanship Following the success of the two special edition, Italo Fontana unveils other two versions in honour of the two cities in aged bronze and in 925 silver. The original project launched by Italo Fontana and aimed at rewarding Tuscan creativity and craftsmanship, while celebrating Italian beauty and its monuments, has received the deserved success.   The two watches literally sold like hot cakes invited the designer from Lucca to immediately propose variants of the two special creations this time in limited editions of 88 pieces each. Prides of the finest goldsmith manufacture, testified by the impressive chisel works that fill the sides of the two cases with low reliefs, the two watches are re-proposed with new stylistic features and declined in aged bronze and one more time in 925 silver.   Under the sapphire crystal a new dial, even more in harmony with the rest of the cases, lasered with indexes and numbers in relief, respectively in ...

About 44% of ore is lying in the land of Bihar   As per National Mineral Inventory, the total resources of primary gold ore in the country as on 1.4.2015 are estimated at 501.83 million tonnes (mn ton) with 654.74 tonnes of gold metal and out of this, Bihar is endowed with 222.885 million tonnes (44%) of ore containing 37.6 tonnes of metal.  These resources of gold in Bihar are categorized under United Nations Framework Classification [UNFC] code-333 (128.885 million tonnes containing 21.6 tonnes metal) and UNFC code-334 (94 million tonnes containing 16 tonnes metal).  The entire resource of gold ore in Bihar is located in Sono area of Jamui district.   During the last five years, Geological Survey of India [GSI], an attached office of Ministry of Mines, has carried G4 stage, reconnaissance survey for gold in parts of West Champaran district and G3 stage ‘preliminary exploration’ in Gaya district of Bihar following the guidelines of UNFC.   In West Champaran d...

The report empowered GJEPC on decisions and implement projects Development of the industry with more clarity and conviction The National Council of Applied Economic Research (NCAER) survey data on Indian Gem & Jewellery (GJ) industry reveals that in 2019 there were a total of 9.89 lakh units and 42.89 lakh workers in the sector. A total of 390 districts are identified as clusters based on the number of units working in the gem and jewellery sector.   Since the geographical area of a district can be very vast, the threshold was restricted to at least 1000 gem and jewellery units or a minimum 2,000 workers to be considered as a cluster. The gem & Jewellery cluster mapping survey report will be a ready data source for stakeholder including Govt. while planning and initiating projects for the development of the industry.    The industry has come a long way in the last 5 decades. Nevertheless, GJEPC was of the opinion that a study in terms of numbers of cluster...

Rough price pulled up to $110 from US$86 per carat   Mountain Province Diamonds announce the results of its most recent December 2021 diamonds sale, as well as the aggregate sales results for the fourth quarter of 2021. During the most recent December 2021 sale, 388,573 carats were sold for total proceeds of $42.7 million (US$33.3 million), resulting in an average value of $110 per carat (US$86 per carat). This continues the steady improvement through the fourth quarter of 2021 where inclusive of the most recent December sale, 808,739 carats were sold for total proceeds of $85.2 million (US$67.5 million) resulting in an average value of $105 per carat (US$83 per carat).  This brings FY21 sales to 3,158,418 carats, for total proceeds of $298.4 million (US$236.9 million) resulting in a FY21 average value of $94 per carat (US$75 per carat).   The Company has now surpassed more than US$1billion in revenue since it began selling in Q1 2017.  Recent sales have seen unpr...

FCRF reports healthy price in all Fancy Color diamond categories   The Fancy Color Research Foundation (FCRF) announced the results of the Q3 2021 Fancy Color Diamond Index (FCDI). Prices of Fancy Color Diamonds continued to rise across the board, with a 0.7% increase this quarter, and a 1.1% increase throughout the year. The general increase was led by Blues (0.8%), with Pinks and Yellows following closely behind (0.7% and 0.6% respectively). Pink/Purplish Pink:  Pink diamond prices continued to rise in Q3, led by the Fancy and Fancy Vivid grade categories. Fancy Pink 1 carats rose by 1.8% and Fancy Vivid Pink 5 carats rose by 1.7%. The lowest performance was seen in the 3 carat category in the Fancy grade, which decreased by -0.3%.   Blue: Blue diamond prices continued to rise in Q3, with the Fancy Vivid Blue category leading the charts: 8 carats rose 2%; 5 carats rose by 1.9%; and 1 carat rose by 1.5%. The Fancy Intense grade category displayed the lowest rise of 0....

December could now grow as much as 11.5% YoY The 2021 holiday season appears to be on track to exceed the National Retail Federation’s forecast for record spending despite supply chain disruptions, inflation and challenges like the new Covid-19 omicron variant, NRF Chief Economist Jack Kleinhenz said.   “Now that we’re in December, the holiday shopping season is nearing the finish line,” Kleinhenz said. “The question is how have factors ranging from economic indicators to the twists of the Covid-19 pandemic affected the season so far, and what role will they play in the weeks that remain?   There’s no crystal ball to provide a definitive answer, but the latest data is encouraging and provides useful insights. In fact, the season could turn out even better than we expected.”   “Consumers and retailers have both revised their playbooks and broken with previous traditions,” Kleinhenz said. “With the momentum we’ve seen so far likely to continue, it seems probable tha...