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Vividly coloured medallion honours tradition! The ancient, festival of lights-Diwali is celebrated by millions around the world in October or November each year depending on the cycle of the moon. Deities honoured during this five-day period in particular are Lakshmi, the goddess of wealth and prosperity, and Ganesha, the god of intellect and over comer of obstacles. An outstanding keepsake to mark the occasion, this vividly coloured medallion honours traditional depictions of the deities with a carefully considered design. Happy Diwali: The reverse of the medallion features a coloured representation of Lakshmi and Ganesha sitting on lotus flowers against decorated panels. Lakshmi holds lotus flowers and is dropping coins from her palm into a bowl at her feet. Ganesha grasps a bowl of sweets, a lotus flower and a conch shell symbolising victory. P-mintmark and the Rangoli: A mouse offers the god a delicacy from the selection before him. The design includes ...

Touchstone Award recognises effective enforcement of hallmarking in the UK! The NAJ has become joint sponsor of a British Hallmarking Council (BHC) Award for Trading Standards, reflecting the importance of the effective enforcement of hallmarking in the UK. The annual Touchstone Award recognises the Trading Standards team who deliver the most effective enforcement or educational initiative related to Hallmarking. The recent Chartered Trading Standards Institute (CTSI) Symposium in Brighton saw many Trading Standards Officers rewarded for their outstanding contributions to the Service and the prestigious Touchstone Award was amongst these. The award was presented by Andrew Hinds of F. Hinds, former Chair of the NAJ and a member of BHC. The impressive sterling silver award was won by Shared Regulatory Services (Cardiff, Bridgend and Vale of Glamorgan) for their ongoing hallmarking enforcement projects. Their application comprised two parts: proactive visits to 21 jewe...

American consumers shouldn’t be caught in the crosshairs! The National Retail Federation urged the Office of the U.S. Trade Representative to avoid 25 percent tariffs on $300 billion in Chinese goods and released a new study examining key product categories and the negative impact on American consumers. “We support efforts to achieve better trade deals, but American consumers shouldn’t be caught in the crosshairs,” NRF Senior Vice President of Government Relations David French said during testimony prepared for a USTR hearing this afternoon. “It’s time to re-evaluate a strategy based solely on tariffs and work with our allies to put international pressure on China.” “For most of the consumer products on this list, there are very few alternative sources of supply,” French added. “It would be impossible for all market participants in our industry to simultaneously move sourcing to other countries. The capacity does not exist … In the short term, retailers would be fo...

A more challenging environment Tumbles buying sentiment YoY! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2019.   Bruce Cleaver, CEO, De Beers Group, said: “While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019.”   Particular: Cycle 5 2019 (provisional) [1] Cycle 4 2019 (actual) [2] Cycle 5 2018 (actual) Sales value [3] ($m) 390 416 581 Notes to this table: [1]   Cycle 5 2019 provisional sales value represents sales as at 24 June 2019. [2]   Cycle 4 2019 actual sales value is restated following the earlier publication of a provisional figure for the fourth sales cycle...

Since opening, All roads led to Fair domes! New products, innovative solutions and rich programme of events fascinated buyers at Asia’s No.1 mid-year fine jewellery show & now it is being concluded well! A world-leading marketplace for jewellery, gemstones, and industry-related design, manufacturing and retail solutions, the June Hong Kong Jewellery & Gem Fair offered its exceptional brand of sourcing experience to thousands of buyers during the show days. The fair was scheduled for June 20 to 23 at the Hong Kong Convention & Exhibition Centre (HKCEC), the B2B show. Over all fair witnessed 1,900 exhibitors from 40 countries and regions.  “The June Fair occupies a unique position in the industry,” said Celine Lau, Director of Jewellery Fairs at Informa Markets, “It literally brings the jewellery world under one roof, and it is perfectly timed for wholesalers, retailers and distributors who are building up their seasonal essentials.” Occupying 70,000 s...

Botswana Diamonds receives permission to sell Diamonds recovered from Thorny River The Botswana Diamonds, associate Vutomi, received permission to sell diamonds recovered during bulk sampling at their Thorny River project. Untill, 256 carats of rough diamonds had been recovered. The sale of diamonds from bulk sampling will enable funding of further development by Vutomi. Sequence of bulk sampling site being worked, Consent received for the sale of diamonds, Sale of diamonds will fund further exploration activity and Mining Permit application accepted for coveted portion of the contiguous Marsfontein farm! Trenching by Botswana Diamonds has identified a ‘hotspot’ at Thorny River with a thick kimberlite intersection of four metres wide, suggesting a kimberlite blow.  256 carats of rough diamonds have already been recovered from re-commissioning the processing plant.  The bulk sampling programme will generate short-term cash flow, whilst building the mineral r...

Seeks to serve Advisory Committee member & also at Sub-Saharan Africa Advisory Committee The Export-Import Bank of the United States (EXIM) now is accepting nominations of persons to serve as members of the bank’s 2019 Advisory Committee and the 2019 Sub-Saharan Africa Advisory Committee. The nominations period begins today and will close on July 24, 2019. Notices inviting submissions of nominations for both committees have been published in the Federal Register. More information, including how to submit nominations, is available on EXIM’s website at Advisory Committee and Sub-Saharan Africa Advisory Committee. Both advisory committees were established by the U.S. Congress in EXIM’s charter to provide direct input and advice to EXIM’s board of directors on the bank’s programs and policies from individuals representing the private sector and state government. Appointments to the advisory committees require votes by the board of directors. Due to the lapse of the...

Gemfields auction sales 962,211 carats Mozambican ruby fetches USD 51.99 per carat Gemfields announces the results of an auction of rough rubies in Singapore from 11 – 15 June 2019 & says, Ruby Auction had consisted of the 90 lots which were offered and 84 lots were sold that is equal to 93% with an Average price of USD 51.99 per carat. All together, the auction of rough rubies that 962,211 carats sold out of the 978,197 carats were offered shows an effective result 98% and that auction revenues being fetches of USD 50.0 million. One lot set a new all-time price-per-carat record for any Gemfields auction; and the twelve Gemfields auctions of MRM rubies held since June 2014 have generated USD 512.6 million in aggregate revenues. Gemfields’ twelfth auction of rough rubies from Montepuez saw 48 companies placing bids. The auction offered high, medium and commercial grade rough rubies, exclusively in untreated form. The consistency of supply and the reliability of ...

HK Group celebrated 5 th International Yoga Day More than 4,914 yoga enthusiast participated in the event With an aim of improving health and physical fitness, Hari Krishna Group celebrated International Yoga Day (IYD) by organising a Yoga event for its employees with families and well-wishers, at Jio Garden, BKC in Mumbai and in HK Campus, Surat. Over 4,914individuals participated with great enthusiasm and spirit to support this initiative. The participants then rolled out their mats to perform various yoga Asanas and Pranayama as per the common yoga protocol. The major purpose of this event was to spread awareness about how practicing yoga on daily basis benefits our health and mind. Hari Krishna (HK) Group promotes a culture of employee wellbeing, and is dedicated to empower employees with yoga to create healthier, happier lives. The organisation also conducts focussed Yoga Shibirs in Surat for a month in the first half of every year. The management of the grou...

Ghana joins WorldSkills Joins as the 81st Member! Global mission to bring the power of Skills to young people across the world “It is with a great pleasure that we announce Ghana as the 81st Member of WorldSkills International. Ghana was one of six countries to take part in the first WorldSkills Africa Competition in Kigali last year, winning five medals in the Rwandan capital, including gold for Cooking and silver in Hairdressing and Electrical Wiring.   It was introduced to the WorldSkills movement following a UNESCO conference in China and confirmed its intention to join after visiting WorldSkills Abu Dhabi 2017” said WorldSkills International officially. Ghana joins in time for WorldSkills Kazan 2019 and will also be taking part in its first General Assembly in Russia. It becomes the seventh African country to join WorldSkills and the first from West Africa. Speaking recently, Dr Fred Kyel Asamoah, the Executive Director of Ghana’s Council for Technic...

ICA announces International Poster Competition 2019 ICA announces International Poster Competition, October 2019 with the main theme of the coming poster competition will be “Gemstone-a genuine treasure to hold on to” In the light of this concept ICA invite graphics designers worldwide to design a poster (or posters) which include a design of a piece of any kind of jewelry adorned with colored gemstones. The prizes will be sent to the winning designer after the conclusion of the ICA Congress in Bangkok. The International Colored Gemstone Association (ICA) will have its biannual congress in Bangkok Thailand on October 12-15, 2019. This is the third time that Bangkok is hosting ICA congress since ICA foundation in 1984. Previous congresses were events to remember. During the years of its inception, ICA has become one of the international leading jewelry and gemstone trade organizations. Traditionally, ICA conducts during its congresses a poster competition dedicat...

Alrosa, the 4 th Top among   Global mining companies! Alrosa, the world’s largest diamond mining company, ranked fourth globally and first in Russia among mining companies by total shareholder return (TSR) in the 2019 Value Creators report, a ranking compiled by The Boston Consulting Group (BCG). TSR is a key metric that shows the return to a company's shareholder, combining share price movements and dividends paid. The 2019 Value Creators ranking covers companies whose capitalisation exceeds USD 3.5 bn. According to the BCG analysts, Alrosa delivered an average TSR of 29.9% over the five years from 2014 through 2018, well above the industry’s median of 3.1%. The Value Creators Rankings have been published annually since 1999. This year, it covered around 2,250 companies that trade at least 20% of their shares in public capital markets and have been listed on a world stock exchange for the last five years. The companies are organised into 33 industry groups an...