GJ Town India

De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction sales) for the third sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds during the third cycle of 2019.” Particular: Cycle 3 2019 (provisional) [1] Cycle 2 2019 (actual) [2] Cycle 3 2018 (actual) Sales value [3] ($m) 575 496 524                 1:                Cycle 3 2019 provisional sales value represents sales as at 8 April 2019.                          2:                Cycle 2 2019 actual s...

De Beers Cycle 2 yet a low! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: “Demand for rough diamonds remained consistent during the second sales cycle of 2019. While overall demand for lower value rough diamonds remains subdued, we did see an increase in demand from India as factories begin to restock.” Heading:  Cycle 2 2019 (1) (provisional) Cycle 1 2019 (2) (actual) Cycle 2 2018   (actual)  Sales value (3) $490m $500m $563m 1: Cycle 2 2019 provisional sales value represents sales as at 4 March 2019. 2: Cycle 1 2019 actual sales value is restated following the earlier publication of a provisional figure for the first   sales cycle of 2019. 3: Sales values are quoted on a consolidated accounting basis. Auction Sales included in a given cycle are...

The 12th Edition to see about 18K+ Trade visitors! India’s leading jewellery show signature IIJS is all set for its 12 th edition from 10-13 February 2019. In the last decade the show has carved a niche for itself in the jewellery industry making it the second most awaited trade show in the country. The show of annual frequency, the 12th Edition, would accommodate about 600+ exhibitors & about 1200+ exhibitors’ showcases spread in the area of 30,000 Sq mts. Looking at previous trek, it is expected to see about 18,000+ Trade visitors from 325+ cities, towns, pan India & from 55+ countries of the planet earth at Venue Bombay Exhibition Centre, Off Western Express Highway, Goregaon (E), Mumbai 400063. Organised by The Gem & Jewellery Export Promotion Council (GJEPC) the expo is of one Venue Two Show!  Yes, along with the IIJS Signature the venue would accommodate the 6th edition of India Gem & Jewellery Machinery Expo (IGJME)–one of the leading...

The Sight remains lower to previous & YoY De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the first sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: “Rough diamond sales during the first sales cycle of 2019 were lower than those for the equivalent period last year, reflecting higher than normal sales in the previous cycle (cycle 10 2018) and the slow movement of lower value rough diamonds through the pipeline.” Sight Cycle 1 2019 (1) (provisional) Cycle 10 2018 (2) (actual) Cycle 1 2018   (actual) Sales value (3) $505m $544m $672m Note of the Table: 1:   Cycle 1 2019 provisional sales value represents sales as at 28 January 2019. 2:   Cycle 10 2018 actual sales value is restated following the earlier publication of a provisional figure for the tenth sales cycle of 2018. 3:   Sales values are qu...

Production registered up to 1068140 carats Petra Diamonds Limited announces unaudited result for the period for Q1 FY 2019. According to the highlights, Q1 production registered up 21% to 1,068,140 carats (Q1 FY 2018: 883,803 carats), mainly driven by a 25% increase in ROM production across the operations to 1,022,571 carats (Q1 FY 2018: 815,571 carats), offset by planned reductions in tailings recoveries at Finsch. Q1 revenue up 22% to US$80.2 million from 626,541 carats sold (Q1 FY 2018: US$65.8 million from 586,571 carats sold). Diamond prices for Q1 on a like-for-like basis were down ca. 5% in comparison to FY 2018 due to the usual seasonal weakness, but partially offset by the improvement in product mix. The new South African Mining Charter, which was published on 27 September 2018, has served to remove uncertainty and has addressed a number of concerns. During Q1, the South African Rand has continued to weaken against the US Dollar from ZAR13.73: US$1 at 30 Jun...