GJ Town India

The first & second tender of FY 2025 sold 600K Cts   Petra Diamonds Limited reported, Final sales results for Tenders 1 and 2 FY 2025. Sales for the first and second tender cycles of FY 2025 closed this week, yielding US$76 million from 600 kcts sold. Average prices increased 13% over Tender 7 FY 2024, with product mix contributing 22%, partially offset by a 9% decrease in like-for-like prices with weakness evident in the smaller size fractions.   Richard Duffy, Chief Executive Officer of Petra, commented, Following changes to the mine plans announced at our Investor Day, diamond production increased 7% from the previous quarter on the back of solid performances from Cullinan Mine and Williamson, with Finsch transitioning from continuous to a two-shift operation.  We recorded 4 LTIs, resulting in our LTIFR rate increasing to 0.28 from 0.13 in the previous quarter. This is of concern to us given our focus on delivering zero-harm workplaces, and we have impleme...

A sustainable development of the global diamond industry   Recently, BRICS states to increase turnover of precious metals based on common quality standards! The parties noted that they support the Kimberley Process, the international organization for certification of diamonds "as the sole global intergovernmental certification scheme, regulating trade in rough diamonds" According to the Russian media from Kazan, the BRICS countries intend to increase the turnover of precious metals between the member states of the association, as they announced in the Kazan Declaration of the 16th BRICS summit.    "We support efforts to increase the turnover of precious metals within BRICS based on common quality standards," the document says.  The parties noted that they support the Kimberley Process, the international organization for certification of diamonds "as the sole global intergovernmental certification scheme, regulating trade in rough diamonds."    The BRIC...

Shaping lives & leaving deep impressions on buyer’s existence   Roberto Coin Collections encounters between humans are events charged with extraordinary power, capable of shaping our lives and of leaving deep impressions on our existence, and even when they seem to happen by chance, they’re never simply fortuitous. They express the intersecting of energies that come together, at times for only an instant and at times for long journeys, and create intense but invisible exchanges that modify the course of our experiences and often of our feelings. Every encounter has the potential to transform. Whether it be an exchange of glances on the street, a conversation with a stranger or a friendship that lasts a lifetime, each connection has a silent power.  The people we run into become fragments of our story, they influence our thoughts and they make us reconsider our perspectives and beliefs. Even a brief dialogue can open unexpected inner worlds, reawakening hidden intuition...

Auravie & Shell Héritage curated holiday edit   Just in time for the holiday season, Sylvie Jewelry is proud to unveil two new fine jewelry collections: Auravie and Shell Héritage (Shell Heiree · tadj). Perfectly curated for gifting, this special launch captures the essence of the Sylvie Shell motif, which is beautifully integrated throughout the designs, offering a sophisticated, timeless expression of Sylvie’s brand identity.    The Auravie Collection is an embodiment of life’s golden moments, featuring sculpted gold pieces that evoke warmth, strength, and brilliance. From lustrous gold bangles to bold rings and earrings, every piece in the collection is designed to radiate confidence and elegance.    The name Auravie itself combines the Latin word ‘aurum’ for gold and the French ‘vie’ for life, highlighting the vitality and preciousness of life’s significant moments. Whether it’s a delicately engraved Shell pattern or the shell-inspired contou...

Coin features a light blue crystal; the cool, wintry hue!   The Royal Canadian Mint announce to enjoy the distinct winter sparkle of our second Snowflake coin!  Snow crystals, such as the stellar dendrite featured here, are beautifully varied and unique, and most of them feature six points or sides, which inspired our first hexagon coin. Its outline emphasizes the elaborate form of the snow crystal engraved on your coin’s reverse, which is dotted with a sparkling clear crystal.  Looking closely at the magnified view, you’ll notice each of those fern ‑ like branches are slightly different, which reflects the natural variations of shape that make these works of art endlessly fascinating-in nature, and on your Snowflake coin.    Our Snowflake series continues with another exquisite snowflake shape dotted with a sparkling crystal! This second hexagon coin features a magnified view of another classic stellar dendrite, which is the most common type of snow cryst...

  ABC Bullion extends warm wishes with gold & silver coin   ABC Bullion extends warm wishes for a joyous and prosperous Diwali! They offers, “We eagerly anticipate joining you and your loved ones in commemorating the Festival of Lights and may the divine blessings of Goddess Laxmi and Lord Ganesh shower happiness upon you and your family.” For those of you planning to commemorate Diwali with the purchase of gold or silver, ABC Bullion would be honoured to help, with our Diwali product range including 5 gram and 10 gram gold coins, as well as a series of 1 ounce silver coins.    To help serve you on this auspicious occasion, ABC Bullion is pleased to announce that our four trading locations nationwide will be operating for extended hours on Tuesday 29th October to coincide with Dhanteras.    To help celebrate Diwali, ABC Bullion trading locations will feature, 1: Multiple display cabinets highlighting the full range of ABC Bullion Diwali products, as...

Expecting to grow festive jewellery buying demand from rural areas   Time & again our veteran media player cite, Veda literature that, People like festivity! Well recently Kavita Chacko, Research Head, India-World Gold Council expect that, Rural purchases expected to provide support!  Yet, Kavita said, “High prices coupled with an inauspicious period in the Hindu calendar for making purchases of valuable items from mid-September to early October, kept consumers away from jewellery buying.   However, market reports indicate early signs of a resurgence in gold buying due to various ongoing festivals, with demand largely driven by wedding purchases. Retailers are actively implementing marketing campaigns to stimulate sales.   The surge in demand following the import duty cut, which coincided with some festivals, has been tempered by record-high prices. There is an expectation of increased demand from rural areas, driven by improvements in overall consumption. Favour...

DeBeers 3Q set new natural diamond marketing collaborations   Talking about the Trading Performance for the 3Q, DeBeers Group said, new natural diamond marketing collaborations were established with world-leading diamond jewellery retailers: Signet in the US and Chow Tai Fook in China, with further opportunities planned.   The collaborations focus on driving long term desirability for natural diamonds in two of the world’s leading consumer countries for natural diamonds. The collaborations will also benefit from promotional messages being amplified through the wide reach of these leading retail businesses. De Beers also announced the introduction of DiamondProof, a new device to be used on the jewellery retail counter for rapidly distinguishing between natural diamonds and lab-grown diamonds, supporting retailers in communicating the attributes of natural diamonds, providing customers with enhanced confidence in the authenticity of their natural diamond purchase and de...

  The grand totaled 50th exclusive showroom across India!   Kisna Diamond and Gold Jewellery, a leading brand in the jewellery industry, proudly announced the grand opening of its 50th exclusive showroom in the country. This marks Kisna's 10th showroom in the Delhi NCR region, located at Spectrum Mall, Sector 75, Noida. The inauguration was graced by Ghanshyam Dholakia, Founder & Managing Director of Hari Krishna Group, and Parag Shah, Director of Kisna Diamond & Gold Jewellery.   To celebrate the grand opening, Kisna is offering up to 100% off on diamond jewellery making charges and up to 20% off on the making charges for gold jewellery. Adding to the excitement, Kisna’s #Abki_Baar _ Aapke _Liye Shop & Win a Car campaign offers consumers a chance to win from over 100 cars. Consumers can participate by purchasing diamond, platinum, or solitaire jewellery worth Rs20,000 or more, or gold jewellery worth Rs50,000 or more. Speaking on this momentous occasi...

A bull flag pattern that’s developed on this commodity!   Recently, Sandip Raichura, CEO - Retail Broking and Distribution, Director - PL Broking and Distribution said, “Since our last piece, gold has inched upwards overtaking the USD 2700 mark and hitting almost USD 2760. Even in domestic markets gold is now ruling at above 77k per 10 grams as Diwali gets closer. There is a bull flag pattern that’s developed on this commodity contrary to expectations and therefore further momentum is staying unabated.   Surprisingly gold has maintained its upward trajectory despite a cooling off in tensions in the Middle East as well as the USD rise – which should typically be negative for gold. One suspects that the two key pivotal data points – which may not have come to the fore for now for gold - may be the Initial Jobless Claims report on 24 October, Thursday – where a stronger economy would mean negative trigger for gold – and of course the US elections which are just around the...

The Kimberley Process Task Force to attend KP Plenary   For four days next month, starting November 12, officials from 59 national and regional governments, representing 85 countries, will gather at the JAFZA One Convention Centre in Dubai, for the 2024 meeting of the Kimberley Process (KP) Plenary. There, they will join KP Observers, like the World Diamond Council (WDC), and the Civil Society Coalition, to discuss critical issues within the natural diamond trade.    Although the WDC, as a KP Observer, does not hold voting rights, it plays a pivotal role in these discussions, chairing key committees such as the Working Group of Diamond Experts (WGDE) and the sensitive sub-team tasked with expanding the definition of conflict diamonds. The Kimberley Process Task Force (KPTF) will send one of the largest delegations to the Plenary, with more than 20 representatives attending in person and others joining online.  It is the WDC’s A Team, known as the Kimberley P...

Consolidated average realised price increased by 4% ytd   Operational Performance: Rough diamond production decreased by 25% to 5.6 million carats, reflecting a production response to the prolonged period of lower demand, higher than normal levels of inventory in the midstream and a continued focus on managing working capital.   In Botswana, production decreased by 32% to 4.0 million carats, as actions to lower production at Jwaneng were delivered. Production in Namibia decreased by 14% to 0.5 million carats, reflecting intentional action to lower production at Debmarine Namibia, partially offset by planned higher grade mining and better recoveries at Namdeb.   In South Africa, production increased by 41% to 0.5 million carats, as Venetia underground ramps up.  Production in Canada decreased by 11% to 0.6 million carats due to the planned treatment of lower grade ore. Trading Performance: Trading conditions during the quarter continued to be challenging in light of h...

With Siliguri store, Kisna totaled 49th Showroom across India   Kisna Diamond and Gold Jewellery proudly announced the grand opening of its 2nd exclusive showroom in Siliguri, located at Sevoke Road. This marks Kisna’s 4th exclusive showroom in West Bengal and its 49th nationwide. The inauguration was graced by Ghanshyam Dholakia, Founder & Managing Director of Hari Krishna Group, and Parag Shah, Director of Kisna Diamond & Gold Jewellery.   To celebrate the grand opening, Kisna is offering up to 100% off on diamond jewellery making charges and up to 20% off on the making charges for gold jewellery. Adding to the excitement, Kisna’s # Abki_ Baar_ Aapke _Liye Shop & Win a Car campaign offers consumers a chance to win from over 100 cars. Consumers can participate by purchasing diamond, platinum, or solitaire jewellery worth Rs20,000 or more, or gold jewellery worth Rs50,000 or more. Commenting on the launch, Ghanshyam Dholakia, stated: “As we light up this Di...