GJ Town India

  Forevermark unveils its Trend Report for 2020. Developed at Forevermark’s Design and Innovation Centre in Milan, four key themes have been identified to inspire and shape desire for diamonds in 2020.   “From finding personal fulfilment, and creating meaningful design, to protecting our precious planet, and the value of empowerment and acceptance, the Forevermark 2020 Trend Book speaks to important truths about the choices we make as we live our lives and the legacy we wish to leave.” says Federica Imperiali, Head of New Product Development at Forevermark. “Across four inspiring trends, these essential concepts are translated into a rich array of design solutions at the very heart of which sit beautiful, rare and responsibly sourced Forevermark diamonds.”  Spring/Summer 2020 Trends:  Urban Nature: The challenges our planet currently faces have opened a space for design that addresses important topics such as climate change, sustainability and the protection of endangered habitats an

  Céline Assimon to the business on 1 September   De Beers Group announced that Céline Assimon will succeed François Delage as Chief Executive Officer of De Beers Jewellers. After a decade at the helm of De Beers Jewellers, François will step down as CEO at the end of September, with Céline joining the business on 1 September to ensure a seamless transition of leadership.   Céline has a strong track record as a creative and inspirational leader with extensive global experience across marketing, sales and merchandising in the high-end jewellery and luxury sector. As Worldwide Head of High Jewellery and High Watchmaking Sales at Louis Vuitton, and later on with Piaget as their High Jewellery and Exceptional Pieces Director, Céline has successfully led the commercial development of these brands’ global footprints, with a focus on the most discerning clients. Céline was most recently CEO at luxury brand de Grisogono. Stephen Lussier, Chairman of De Beers Jewellers and Executive Vice Pr

  Ruling disappointed Tiffany!   Tiffany & Co responded to the Second Circuit Court of Appeal’s ruling reversing summary judgment in Tiffany’s ongoing trademark infringement and counterfeiting lawsuit against Costco Wholesale Corporation. The Court’s reversal reflected its belief that the District Court should have allowed the question of liability for infringement and counterfeiting to be presented to a jury in the first instance, rather than decided by the District Court judge.   “We are disappointed in the Court’s ruling, which finds that a jury, rather than the judge, should have decided the question of liability in the first trial.   We continue to believe that the District Court was correct in its findings, and that the jury’s finding on damages, which resulted in a $21 million award for Tiffany & Co, is a clear indicator of the strength of the Tiffany brand, and of the jury’s outrage over Costco’s actions,” said Leigh Harlan, Tiffany & Co. Senior Vice President, Secr

GIA Melee Analysis Service   GIA’s Melee Analysis Service now has the capability to analyze fancy-shaped melee diamonds. This service was first created in 2016 for round brilliant melee diamonds to address concerns about laboratory-grown and treated diamonds being mixed into parcels of melee. We’ve now expanded the automated system to analyze and sort melee-size diamonds that are fancy-shaped.   The GIA Melee Analysis Service separates natural diamonds from simulants, laboratory-grown and potentially HPHT treated natural diamonds for round and fancy-shaped melee along with identifying any simulants. For round melee only, the screened diamonds can be sorted by color range for an additional charge. To address concerns about laboratory-grown and treated diamonds being mixed into parcels of melee, GIA has developed an automated system to analyze and sort melee-size diamonds quickly and accurately.   For round melee only, the screened diamonds can be sorted by color range for an additio

  Mining at the International mine   Alrosa received approval from the regulatory body Glavgosexpertiza of Russia (the Main Department of State Expertize) for the project to open up and develop reserves at the upper horizons of the International (Inter) underground mine. The production is expected to start in the Q4 2020. Underground mining at the International kimberlite pipe started in 1999.   The first stage of production implied mining at the depth from-200 m to -560 m under the second stage, the extraction to be carried from -155 to -200 m and at the deep horizons of the deposit. As of today, the first stage is completed. Current mining plan for 2019-2041 implies mining at the deeper levels down to -1,250 m mark as well as the development of the upper horizons. “This year we start planned developments of the upper horizons of the Inter underground mine. This project has been included in all production and investment plans and it allows developing all commercial reserves of the

  Ram Vilas Paswan launches online system of  Registration and Renewal, www.manakonline.in      The Union Minister for Consumer Affairs, Food & Public Distribution Shri Ram Vilas Paswan today virtually launched the online system of Registration and Renewal of Jewellers and online system of recognition and renewal of the Assaying and Hallmarking Centres. This online system can be accessed through Bureau of Indian Standards web portal www.manakonline.in .   While launching the online system, Shri Paswan said that it was difficult to handle the large number of proposals received for registration manually; these online modules will bring about ease of doing business for both the jewellers and the entrepreneurs who have established Assaying and Hallmarking Centres or wish to do so. Hallmarking of precious metals will be mandatory from 1st June 2021.  While launching the online system, Shri Paswan said that it was difficult to handle the large number of proposals received for registr

  ECLGS disbursed loan!   Under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government of India (GoI) guarantee, Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1.5 lakh crore as of 18th August, 2020, of which more than Rs 1 lakh crore has already been disbursed. The ECLGS was announced by the Government as a part of Aatma Nirbhar Bharat Package, to mitigate the distress caused by lockdown due to COVID-19 by providing credit to different sectors, especially MSMEs. The details of total loans sanctioned and disbursed by Public & Private Sector Banks also announced!   Under the ECLGS, Public Sector Banks (PSBs) have sanctioned loans of Rs 76,044.44 crore, out of which Rs 56,483.41 crore has already been disbursed.   Whereas Private Sector Banks have sanctioned loans of Rs 74,715.02 crore out of which Rs 45,762.36 crore has already been disbursed. The top lenders under the Scheme are State Bank of India (SBI), Canara Bank, Punjab

  Fundraising Campaign: Go Fund Me!   To show your support go to:  https://gf.me/u/ymj3yt   The Young Diamantaires, a group created by the World Federation of Diamond Bourses (WFDB) to grow and support the next generation of the diamond industry, has   announced a fundraising campaign to help build a library and kitchen at the Renaissance High School in Messina, South Africa.   After having visited the school in September last year, the group decided to bring about the addition of these much needed facilities. They formed a fundraising committee and have now begun a campaign on digital platform Go Fund Me. The immediate response to the campaign has been positive, and the YDs are very confident that they will reach their fundraising goal of $500,000.  Rami Baron, President of the Diamond Dealers Club of Australia and member of the WFDB Executive Committee who was instrumental in forming the Young Diamantaires group, said, “I am incredibly proud of the commitment and effort this gr

  GIA Pays Homage to Nancy Brewer Nancy Brewer, a former member of the GIA (Gemological Institute of America) Board of Governors and notable jewelry manufacturer, passed away in early August. Her jewelry design firm, Nancy B. & Co., was a premier destination for gold earrings and colored stone jewelry designed for working women. The contributions that she made during her more than 30-year career paved the way for women in the gem and jewelry industry.   "I was fortunate to know Nancy for over 35 years as a mentor and dear friend. She was a remarkable woman and entrepreneur; brave, self-made, and one who gave back to our industry and fostered the development and success of her peers,” said Dione D. Kenyon, chair of the GIA Board of Governors. “I am one of many who are deeply grateful for the encouragement, support and leadership she provided over the course of her career."   “I fondly remember Nancy as gregarious, determined and always ready to offer strategic guidan

The tender will begin on August 4, 2020   'With bourses closed, the Indian industry idle for extensive periods of time and a moratorium in that country on rough diamond imports, gaps are beginning to open in the pipeline, and these could prove significant as the year closes out. An August tender, conducted virtually so as to dispel any health concerns, provides a timely and practical solution.'   August traditionally has been a vacation month in the international diamond trade, but 2020 is proving different, as companies scramble to restock following the lockdown that cast a shadow over the first half of the year. To meet the demand, and with numerous retail markets showing signs of recovery and the end-of-the year holiday season fast approaching, UNI and EZCalc are organizing a summer-time Virtual Polished Diamond Tender.   The tender will take place next week. Viewing and bidding will begin on Wednesday, August 4, 2020, at 04:00 NYC time (09:00 UK, 10:00 Belgium, 11:00

Forevermark celebrates the sibling bond   The past few months have taught us that life is unpredictable and we must cherish what is special to us. This Raksha Bandhan celebrates life’s wonderful sibling moment with a rare, beautiful Forevermark diamond which symbolises a bond that lasts forever and inspires your beautiful tomorrow.  The bond between a brother and a sister is simply unique, just like each diamond is a canvas on which we define our rare stories. With the relationship so pure, the one which is beautiful and brings meaning to their own lives that are treasured for years on end. Express your love with meaningful gifts like Half Carat Collection, Circle of Trust and the Tribute Collection that your sibling will cherish forever.   Mr Sachin Jain, Managing Director, De beers India, says, “Natural diamonds crafted by nature billions of years ago stand true for their rarity, purity and uniqueness, have been the true symbol of long-lasting love and commitment just like the

Lead role in Post-Covid World Economic Recovery   Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today said that India and ASEAN will play a lead role in the Post-COVID World Economic Recovery.   He said, the future belongs to them due to common traits of grit, courage and determination to scale newer heights. Delivering the keynote address on Cross-border Conversations with entrepreneurs from ASEAN organized by India ASEAN Women’s Business Forum and FLO Mumbai chapter and FICCI, Dr. Jitendra Singh said that due to close business and cultural ties between India and ASEAN, the region will take a lead in the economic recovery in the post Corona era.   The Minister said that North Eastern Region has a special role to play in the promotion of trade and business relations with ASEAN as it is the gateway to the growing economies of South East Asian Nati

Curated in 18K and 22 K gold!   Known for trend setting design and impeccable craftsmanship, this festive season Anmol celebrates the precious bond that siblings share with their latest Raksha bandhan edition “Anmol Bandhan” a precious Rakhi collection. The 34-year-old brand has created various collection and initiatives from time to time that gives the Anmol patrons memorable moments to cherish for life.   Every Rakhi from the edition dons an intricately designed centrepiece that is curated in 18K and 22 K gold. Some pieces are crafted with fine diamonds making them Precious Rakhis in true sense. Some Rakhis are crafted in traditional motifs like Ganesha idol inspired where as other brings unconventional celestial motifs of sun and universe which are unique in precious Rakhi collection.   Each centrepiece displays elegance and superiority and is designed keeping in mind different tastes and sensibilities of the ‘Real’ brother. The Rakhi collection is available at Anmol's b