GJ Town India

India’s leading 150 retail jewellers at PMI 4 Premium and exclusive B2B marketing platform by GJC The Indian Gems and Jewellery Industry is all set for a Grand & Royal Jewellery trade show in the Pink City of India! All India Gem and Jewellery Domestic Council (GJC), the apex gem & jewellery trade body is presenting its next in the series of the 4th edition of Preferred Manufacturer of India (PMI).   PMI is revered as India’s most premium and exclusive B2B marketing platform in the G&J sector as it not only provides a dedicated platform for focused business but also brings the best leisure and luxury for the industry. During this 3-day convergence event comprising the India’s leading 150 retail jewellers.   The Hotel Jaipur Marriott is going to witness the most exclusive jewellery trade show with a blend of an enlightening knowledge sharing experience from 26th to 28th November 2018. Smt Rolee Agarwal, Income Tax Commissioner and Shri Subhod Agarw...

Mountain Province sees a sustainable rough mining rate during 2019 to 2021 Mountain Province Diamonds provides guidance for fiscal year 2019 for the Gahcho Kué Mine as well as an update on company’s performance in 2018. All amounts expressed in Canadian dollars unless otherwise stated.  During the 2018 about 3.1 to 3.2 million ore tonnes processed & 6.6 to 6.9 million carats diamond production recovered.   During the year production costs remained around $110 – $120 per tonne processed that is $50 – $54 per carat recovered cost in 2018.  In addition to the 2019 guidance, the Company also provides a 3-year production outlook for the Gahcho Kué Mine.  The production guidance over the three-year period 2019 to 2021 is evidence of a sustainable and smooth mining rate as the mine performance maintains a steady state. The mine has performed well in 2018 and there is high confidence that the tonnes treated will be on target for the year and c...

40 fancy colored polished diamonds over 5 carats sold out! Alrosa held polished diamond auction in Israel on November 4-13, 2018. The companies from Israel, the US, Belgium, Hong Kong, India and Russia were among the participants.   The company presented colorless polished diamonds ranging in size from 5 carats, fancy colored stones over 1 carat, as well as polished diamonds of 0.3-0.99-ct category in batches completed by color.  In total, Alrosa sold about 370 carats of polished diamonds for $2.9 million. Of these, 314 carats accrued to colored stones, mostly large (more than 40 fancy colored polished diamonds over 5 carats with a total weight of 215 carats). “Most companies in the Israeli market show a strong interest in acquiring large polished diamonds over 3 carats. Therefore, we relied on such stones. This time we presented 94 large diamonds, both colored and colorless.  As can be seen from the results of the auction, large fancy colored ...

A total of thirty two of +0.425 mm -4.0 mm diamonds recovered Pangolin Diamonds has reached an agreement with Umgeni Holdings International Limited under which Umgeni has agreed to acquire a royalty interest in Pangolin’s Precious Stones Prospecting Licences located within the Central District of Botswana, as well as an area defined as the Adjacent Area of Interest for $600K.   Under the terms of the agreement, Umgeni has agreed to pay Pangolin an additional $600K, for a total of $1,200K in funding to date, to acquire the following royalty interests in Pangolin’s Malatswae, Moenyenana and Motloutse diamond projects. Dr. Jennings stated, “the primary reasons for my additional royalty purchase is because I believe Dr. Daniels knows more about Botswana’s kimberlite geology than anyone else in the world, and I strongly believe Pangolin is on the right track to discover a new and significant kimberlite field southeast of the Orapa Kimberlite Field at their Malatswae ...

To be held from January 28 to 30, 2019 at IDE IDWI will feature 200 Israeli Exhibitors of polished diamonds Registration is now open for the eighth International Diamond Week in Israel (IDWI), to be held from January 28 – 30, 2019 at the Israel Diamond Exchange (IDE). The event has become a staple on the global diamond calendar, and attracts hundreds of international buyers from over 20 countries every year. IDWI is held on the immense trading floor of the Israel Diamond Exchange (IDE). It will feature 200 Israeli exhibitors of polished diamonds, with huge amounts and varieties of goods on offer. In contrast to the large, expensive trade shows, IDWI is a boutique show, exclusively for diamond buyers, with minimal participation costs. Moreover, eligible buyers will receive three complimentary nights at a local hotel. IDE President Yoram Dvash said: “IDWI has become a tradition in the diamond world and each year it has become bigger and more exciting. T...

To co-ordinate government’s efforts to fight illegal mining and the trafficking of precious metals The Department of Mineral Resources SA has initiated a ground stability study to be undertaken in Johannesburg to assess whether there is any long-term damage to critical infrastructure installation as a result of illegal mining activities. The study, which will is due to commence shortly, will be carried out through the department’s entity, the Council for Geoscience (CGS). “While there is no immediate threat to critical infrastructure as has been claimed, government wants to confirm this assertion scientifically, and proactively deal with this matter not only in Johannesburg, but in other areas where illegal mining occurs,” said the department. This after media reports emerged at the weekend stating that experts have sounded the alarm bell that illegal miners are blasting near highly flammable gas and fuel lines in the Johannesburg area. The CGS is expected to pr...

141 rough diamonds earns $9.5 million Alrosa, the largest diamond mining company in the world, held special size (over 10.8 carats) rough diamond auction in Dubai. The overall revenue from sales totalled $9.5 million. The company sold 141 rough diamonds with total weight 2,140 carats. 28 companies were recognized as winners in different auction positions. Firms from India, Belgium, UAE, Israel, Hong Kong and Russia participated in the auction. “Dubai continues to strengthen the status of one of the most important centers of the global diamond trade. On average, we have four auctions a year in this country, and we always see high interest from the diamond market participants.  All the auctions that we have held here since the beginning of 2018 ended with a good premium, our total revenue was about $40 million,” Evgeny Agureev, the Member of the Executive committee, Director of the USO Alrosa, said. Alrosa and Dubai have long-standing partnership. In 2014, the...