GJ Town India

A move to improve the quality of corporate governance The Angolan diamond mining company Catoca Ltd Mining Co (major founding shareholders are Alrosa and the Angolan national company Endiama E. P.) will introduce innovations that significantly improve the quality of corporate governance. "We are pleased to state that our cooperation with Endiama, the second major founding shareholder of Catoca, is reaching a new level of development. Since last year, Alrosa and Endiama have been discussing opportunities to improve corporate governance at Catoca Ltd. After detailed consideration and elaboration, shareholders unanimously adopted all the proposed innovations at the recent General meeting. This indicates a uniting desire to develop the company and contribute to the strengthening of the Angola economy" said Sergey Ivanov, Alrosa CEO. Founding shareholders of Catoca decided to establish Supervisory and Fiscal councils. These bodies are vested with the authority ...

Quality Thai Jewelry Stands Out in HK BGJF, will take place from September 10-14, 2019 Thailand’s Department of International Trade Promotion (DITP) organised a road show in Hong Kong (HK) from February 28 – March 4, 2019 to promote the 64th edition of the Bangkok Gems & Jewelry Fair (BGJF), which will take place from September 10-14, 2019, highlighting Thai excellence in craftsmanship under the theme Thailand Magic’s Hands. Thailand has a rich history as one of the world’s most prominent centers for gems and jewelry and is well known for its high-quality manufacturing. The Bangkok Gems & Jewelry Fair is a vital conduit for Thai gem and jewelry exports, the third biggest export earner of the Southeast Asian country. Thailand is celebrated for its supreme craftsmanship and manufacturing capability in colored gemstones and gold and silver jewelry. With the emerging role of ASEAN markets, the DITP believes that Thailand can be internationally competitive...

A luxurious charm exuded by rose & white gold! Known for paying ode to luxury in every ensemble, Anmol has launched ‘Vivera’, a Prêt Edit of diamond baubles. Paying homage to extravagance of life, this Prêtlightful collection brings with it a luxurious charm exuded by rose & white gold the luxury metals of the season, which is illuminated with the brilliant sparkle of diamonds & gemstones. Viviera, meaning lively, has been created using sleek and stunning designs which perfectly encapsulates the true beauty and luxury that life offers. Viviera, is a Prêtlightful range which includes rings, earrings, pendants & bracelets crafted in 18 K rose gold, white gold and yellow gold, studded with scintillating diamonds in eclectic cuts including round-brilliant, fancy-shaped and rose-cut graced with precious stones, where each piece beautifully reflects the essence of this brand which stands for everything in life that is ‘Inherently Luxe’. This elegant range...

Oceana Gold reports significant increase in mineral resources at Waihi in New Zealand Oceana Gold Corporation announces an updated Mineral Resource estimate for the Martha Underground Project and recent exploration results highlighting continued high-grade gold intersections at the Company's Waihi Gold Mine located in New Zealand. Oceana Gold said, increased total Indicated Resource by 136% to 331,000 ounces of gold. Inferred indicated that increased total Resource of Waihi Gold Mine by 97% to 667,000 ounces of gold. Mick Wilkes, President and CEO, "I am very pleased to announce a further increase to the mineral resource estimate for the Martha Underground Project. Over the past two years, we have made prudent investments in extensively drilling out the mineralised structures beneath the Martha Open Pit. Since that time, we have reported dozens of significant drill intercepts and a growing resource which has now culminated into an Indicated Resource of 331,000...

The Minister of Economic Development and Investments of RA Tigran Khachatryan informed that Armenian government has decided to consistently increase the tax on imported gold and diamonds from the non-EAEU countries. This year, the tax on imports of gold and diamonds will increase by 3%. " a 3% duty will be applied to imports of diamond and gold products. In 2020, the duty will reach 6%, and in 2021 it will go up 10% for gold and 9% for diamonds, in 2022 it will rise by 15%," says Khachatryan. Armenia increases tax on imports of gold and diamonds from non-EAEU countries, according to the Minister, an income tax increase will strengthen the position of local business.

For duty computations based on combination rates of duty The Commissioner General of the Zimbabwe Revenue Authority (ZIMRA) would like to clarify the impact on duty calculations resulting from the recently promulgated Statutory Instruments 32 and 33. The rates of calculation of duty are as contained in the Customs and Excise (Tariff) Notice, Statutory Instrument 53 of 2017. The value for duty purposes is determined by applying the prevailing exchange rate on the Cost Insurance and Freight (CIF) values of the goods being imported as contained in the invoices issued in the country of supply or export. There are three methods of calculation of duty namely ad valorem, specific and a combination of the two rates. For duty calculations using the ad valorem method, the rate of duty is applied on the value for duty purposes to arrive at the duty payable. For such transactions, the value for duty purposes will now be computed based on the re-valued Real Time Gross Settlement...

It is impossible for even the most experienced Gemmologist to be able to detect LGDs definitively by eye, or with standard desktop equipment! AnchorCert Gem Lab encourages the jewellery trade to remain vigilant, as they report an increase in the number of Lab-grown diamonds (LGD) being identified. In the context Birmingham Assay Office said to remain vigilant. Lab-grown diamonds are growing in popularity with consumers, for a range of motivating factors including ethical considerations and price. Lab-grown diamonds are being produced world-wide not just by small private companies but also larger dealers such as De Beers’ Lightbox, Swarovski and Cred Jewellery; all focused on leveraging the commercial benefits of lab-grown diamonds for their customers and businesses as an alternative. It is impossible for even the most experienced Gemmologist to be able to detect Lab-grown diamonds definitively by eye, or with standard desktop equipment because the chemical and o...