GJ Town India

Traditionally strong in large stone manufacturing, relinquishing positions to India Four strategies to sustain in Cutting and Polishing! Healthy growth in the diamond jewelry retail market supported a 2% increase in cutting and polishing revenue, putting the segment on positive ground in 2017. While the cutting and polishing segment grew overall, profit gains in 2017 were mostly limited to producers of small stones. Companies that specialize in large, high-quality stones experienced pressure from retailers in 2017.   That trend reversed in the first part of 2018. To sustain profitability, cutting and polishing companies are focusing on four strategies: managing inventory levels, shortening production cycles, optimizing yields and expanding operations.  Technology is leading improvements in the cutting and polishing segment, from digitally mapping and modeling stones to automating cutting processes.  Because of its low labor costs, favorable regu...

Services Agreement for Mining and Marketing Tango Mining Limited announces that it has signed a Services Agreement for Mining and Marketing of Diamonds with Cooperativa Mineira Do Moquita, SCRL on a 147 square kilometer portion of a concession located 50 km north of Lucapa within the Lauchimo River basin, Province of Lunda Norte, Republic of Angola. Tango is responsible for capital expenditures associated with alluvial diamond mine design and equipment acquisition as well as enhancing production. As remuneration, Tango will receive 60% of the proceeds from the sale of produced diamonds. The Moquita Property, is located approximately 50 km downstream from the high diamond value Camútuè kimberlites. These, and possibly other kimberlites, have fed extensive downstream alluvial diamond deposits along ancient, north trending river systems including the Lauchimo River, which flows south to north across the Property. Such alluvial diamond deposits have been exploited by arti...

Suresh Prabhu holds meetings with Russian Ministers at Vladivostok Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, had a meeting with Dmitry Kobylkin, Minister of Natural Resources and Environment of Russian Federation. Both sides discussed issues of mutual cooperation in areas of common concern like conservation of environment, saving the tiger, water cooperation and environmental sustainability. Suresh Prabhu is in Vladivostok, Russia, to attend the Far Eastern Economic Forum being held from 11 th to 13th September 2018. During the meeting with the Deputy Prime Minister of Russia, Yury Trutnev, the Commerce Minister discussed issues of mutual cooperation in sectors like mining and geological exploration in gold and diamond, water cooperation, forestry, timber and agriculture. Suresh Prabhu met with the Governors, Vice Governors and representatives of regions of the Far-East: Primorye, Yakutia, Sakhalin, Amur, Magadan, Kamchatka, and...

Alrosa to present the purple-pink diamond in HK September Alrosa, the world’s largest diamond producer by output in carats, will hold the first of its kind True Colour auction of coloured polished diamonds. It will be first presented during Hong Kong Gem & Jewelry Fair (HK September) in September, 2018. The collection includes 250 polished diamonds of various shapes and colours - purple, pink, orange and vivid-yellow stones with GIA-certificates, some of them of very rare shades. That will be the first time when Alrosa represents its large coloured diamonds in such quantity. The star of the show will be a fancy deep purple-pink cushion of 11 carat. According to GIA, it is the largest diamond of this colour ever certified by their lab. Another hero stones of the collection– a vivid orangey yellow diamond of over 15 carats and a cushion-shaped 11-carater of fancy vivid yellow. “It took more than a year to prepare the collection. It is a masterpiece of diamond pr...

India GDP grows 8.2% in Q1 The Central Statistics Office released the estimates of GDP for the first quarter (Q1) of 2018-19.  In line with momentum built in the economy, the growth of GDP in real terms in Q1 of 2018-19 is 8.2 per cent, reinforcing the high growth of 7.7 per cent recorded in last quarter of 2017-18. This growth is broad-based and has been driven by 8.4 per cent growth in consumption expenditure and 10.0 per cent growth in fixed investment. The latter development is particularly encouraging as it has come about over an impressive growth of 14.4 per cent in Q4 of 2017-18 and augurs well for future growth. A look at the GVA in different sector points towards the fact that the growth of agriculture sector in Q1 of 2018-19 was robust at 5.3 per cent on top of 4.5 per cent growth in Q4 of the previous financial year. The growth of manufacturing sector GVA picked up significantly to 13.5 per cent in Q1 of 2018-19, as against negative growth of 1.8 per cent...