GJ Town India

They are offering diamonds to clients   Sber clients can now buy diamonds from the bank. The first clients have already purchased several precious stones to make jewelry for personal use.   Diamonds can also be a sound investment, just like investments in gold. The pricing of precious stones available for investment is more complex. Whereas for gold you measure only its weight, for diamonds you take into account their weight, shape, color, and quality. Each stone is unique. If, after the purchase, the diamond is not left in the manufacturers’ safe-keeping, repurchase will require a new expert evaluation.  

TAGS presented 87,000 carats from SA & Angola Next tender during 24th February – 1st March 2021 January saw the DDE host 4 rough diamond tenders in addition to Alrosa and De Beers presenting goods to their contractual buyers. As a result and following strong seasonal sales into the American and Chinese markets, representatives from over 400 Indian based companies made the short journey to Dubai to purchase rough.   TAGS presented 87,000 carats of their regular productions from Southern Africa and Angola, with a value close to $60m. Around 150 companies took appointments however several companies had to cancel due to positive Covid-19 results on arrival in UAE.  We extended the event by 2 days in response to the high level of demand for appointments and to allow sufficient time for analysis of the goods. Most of the visiting companies were from India as travel restrictions and quarantine regulations limited the numbers of regular attendees from other important centres...

Q3 revenue decreased 7% yet remained up YoY ! Petra Diamonds presented report for the three month period 1 January 2019 to 31 March 2019 Q3 FY 2019 and the nine months ending FY 2019 YTD. Q3 production of 924,228 carats over Q3 FY 2018 was of 992,315 carats that reflecting increased production at Cullinan, Koffiefontein and Williamson, offset by lower production at Finsch. Petra Diamond Production for the nine months to 31 March 2019 up 4% to 2,943,374 carats over FY 2018 YTD of 2,836,272 carats. Petra claims that the production guidance of 3.8 – 4.0 million carats for FY 2019 maintained. Installation of the remaining draw points across the footprint of the C-Cut Phase 1 block cave at Cullinan is progressing as planned, with completion expected during H1 FY 2020. With the progression across the C-Cut footprint, the incidence of larger stones is improving as demonstrated by the recovery of two +100 carats gem-quality stones during the Period. Accordingly, the 425....

Draws average price of USD $140.76 per carat According to the announcement of Diamcor Mining the Company has tendered and sold 3,714.97 carats of rough diamonds in the initial tender of the Company’s first fiscal quarter ending June 30, 2019.   The 3,714.97 carats of rough diamonds recovered from ongoing processing exercises being performed at the Company’s Krone-Endora at Venetia Project sold for total gross proceeds of USD $522,923.70, resulting in an average price of USD $140.76 per carat. The Company anticipated the lower than average dollar per carat achieved in the tender as a higher percentage of smaller, lower quality rough diamonds were sold in this tender.     The Company continues to make progress on its primary objectives of increasing processing levels, improving operational efficiencies, and the normalization of operations for the long-term.   Increased processing levels as compared to the previous fiscal quarter are being achieve...

Diamond jewellery for all occasions Tanishq, India’s most trusted jewellery brand, is bringing to you The Great Diamond Sale, during which you can find attractive discounts of up to 20%* on all diamond jewellery . During the Great Diamond Sale, Tanishq will offer its largest-ever assortment of diamond jewellery at all its outlets. The sale begins on the 3rd January and is open for a limited time only.   Tanishq has diamond jewellery for all occasions – from daily wear to work to weddings. Customers will surely be spoilt for choice with the statement earrings and rings from the Preen collection, stunning necklaces from the Red Carpet collection, Solitaires for every special occasion and wedding jewelry from the Rivaah Diamond Brides Collection. Be sure to visit a store as early as possible because the offers are even more attractive during the first few days of the sale. The discount offer has come at the perfect time for the gifting season, which is just around th...

Diamcor Mining announces the results of the tender and sale of the previously announced rough diamonds recovered as part of initial resumed processing exercises performed following the recent screening modifications at the Company’s Krone-Endora at Venetia Project.   The Company sold a total of 2,606.50 carats of rough diamonds for gross proceeds of USD $726,588, resulting in an average price of USD $278.76 per carat. Included in the rough diamonds tendered and sold were three individual gem quality diamonds’ in the special (+10.8 carats) category including one high quality 18.44 carat gem octahedron, and two gem quality diamonds weighing 18.57 and 14.70 carats respectively. These special diamonds sold for gross proceeds of USD $195,810, or USD $3786.70 per carat. Net of these special category rough diamonds, the balance of the rough diamonds tendered and sold achieved an average price of USD$207.76 per carat.     “We are very pleased with the results o...

Alrosa has launched the first True Colours auction of large coloured diamonds Alrosa, the largest diamond mining company in the world, presented the first of its kind collection of large coloured diamonds at the Hong Kong Jewelry & Gem Fair. This is a stepping stone of a new strategy, executed by Alrosa to become the world leader in the production of coloured polished diamonds. "Alrosa polished branch now focuses on the processing of large and coloured diamonds and the subsequent sales. We are the world's largest producer of diamonds, and that gives reason to believe that we are also ahead in terms of coloured rough diamond production. Today, Alrosa produces at least 7 thousand carats of coloured diamonds per year. We have all it takes to dominate the market of coloured diamonds. The collection presented in Hong Kong demonstrates our capabilities," said Evgeny Agureev, Director of the United Selling Organization of Alrosa. The collection show...

Endeavour to sale Tabakoto Mine According to the Endeavour Mining announcement, it has entered into a binding sale agreement for its interest in the non-core Tabakoto mine to Algom Resources Limited, for a total cash consideration of US$60 million. The consideration is payable upon closing of the transaction which is expected to occur during the fourth quarter of 2018. Sébastien de Montessus, President & CEO of Endeavour Mining, stated: "We are pleased to continue to pursue our portfolio management strategy through the sale of our non-core Tabakoto mine. This will increase our overall portfolio quality and allow management to focus on high cash generating assets with low AISC and long mine lives.” Peter Spivey, Chief Operation Officer of Algom, stated: "We are very pleased for the opportunity to enter into this arrangement with Endeavour. The underground operations at Segala and Tabakoto are well understood, and we look forward to working closely with o...