GJ Town India

Sells 100% of offered rough to 42 companies   Trans Atlantic Gem Sales (TAGS) DMCC recently held a rough diamond tender in Dubai from the 17th to the 23rd November 2020. In the context TAGS issued a statement.   According to the TAGS, Owing to the impact of Covid-19 and the forced closures of factories for several months, the traditional Diwali holiday was dramatically reduced, with some factories only closing for around a week. We commenced our tender on the 17th November and concluded on 23rd November 2020.  Most factories are now producing, although not at full capacity. Several months of severely restricted supply by the leading producers, coupled with a better than expected recovery in China and the Far Eastern markets has led to a reduction in polished stocks and improved liquidity in the midstream. While there remains a question mark over the impact of the virus on consumer markets generally, for the time being there is some optimism for the Christmas season. C...

Sells 64% of total fancy colored rough lots Also sold 247 lots of special size diamond   Alrosa in November successfully held competitive rough diamond sales in its foreign offices. Apart from two special size (over 10.8 carats) rough diamond auctions, the company held the international road show and competitive sales of fancy colored rough.   Alrosa sells large and fancy colored diamonds using competitive sales methods, such as auctions and collection of competitive bids. In November 2020 the company held auctions for diamonds larger than 10.8 carats at its offices in Israel and Dubai. Apart from these, in Israel and Belgium the company collected competitive bids for fancy colored rough. 64 percent of 130 lots weighing 8,200 carats were successfully sold. At the special size diamond auction in Israel Alrosa sold 112 lots weighing 1,850 carats for a total of $9.8 million. At the auction in Dubai, 135 lots weighing 2,088 carats were realized for $14.5 million.   ‘Our...

De Beers and Diacore partner in purchase of five extraordinary Blue diamonds from the legendary Cullinan diamond mine!   De Beers Group and Diacore are proud to partner in the purchase of five rare blue diamonds totalling 85.62 carats, with the largest a 25.75 carat diamond, for a total purchase price of $40.36 million, split equally between the companies.  The diamonds were discovered at the legendary Cullinan Diamond Mine, which, for over a century, has produced some magnificent gems and is the birthplace of the most famous diamond of all time, the Cullinan that proudly sits within the British Crown Jewels. Diacore is an expert in cutting rare, exceptional gems, particularly coloured diamonds, and has partnered with De Beers Group previously on cutting the 203.04 carat Millennium Star diamond.   Paul Rowley, Executive Vice President of Diamond Trading, De Beers Group, said: “We are excited and humbled to have the opportunity to unlock the unparalleled beauty of thes...

Letlapa Tala Collection Special Tender achieves US$40.36 million   Following a competitive tender process, Petra Diamonds Limited announces that the Letlapa Tala Collection of five blue diamonds, weighing 85.6 carats in total, was sold as a suite of stones to a partnership between De Beers and Diacore for a total price of US$40.36 million, payable in cash prior to delivery of the stones. Richard Duffy, Chief Executive of Petra, commented, “The result of this special tender affirms the very high value placed on blue diamonds, which are undoubtedly one of nature’s rarest treasures. We believe this to be the first time that five rough blue diamonds of significant size, colour and clarity have been offered for sale at one time and we are delighted that the collection has been bought in its entirety.”   The Letlapa Tala Collection consists of five Type IIb blue diamonds of 25.75, 21.25, 17.57, 11.42 and 9.61 carats in size. Type II diamonds contain no detectable nitrogen in their...

  GJEPC Shines a Light on Diamond Studded Jewellery at the 6th VBSM   GJEPC announces e-IGJS 2021 e-IGJS scheduled during 18th to 22nd January 2021   The GJEPC inaugurated the first ever Diamond Studded Jewellery VBSM in the presence of Chief Guest Shri Suresh Kumar, Joint Secretary, MoC&I along with Shri Colin Shah, Chairman, GJEPC; Shri Dilip Shah, Convener, International Exhibitions; Shri Sabyasachi Ray, ED, GJEPC among others through a virtual conference.   The VBSMs have been a successful ongoing series initiated by the Council and this platform has unlocked manifold opportunities by reaching out to buyers from not only the traditionally strong export markets like the USA, UK, Europe, ME and Hong Kong/China, but also non-traditional ones such as Latin America, Eastern Europe and many more.   Addressing the inauguration function, Suresh Kumar, Joint Secretary, Department of Commerce, Ministry of Commerce & Industry, said, “Although gem and ...

Lark & Berry Violet Sapphire at Black Friday!   Alicia Agneson dreamed of Violet Sapphire and now the fantasy is real. This 11.4ct gemstone's candy-colour is beautifully framed in 14K Gold.   Alicia Agneson was born and raised in a small town in Sweden. She began acting, singing and dancing as a child and moved to London at the age of fifteen to pursue her career. She is currently starring as a series regular in the TV-drama, Vikings among other film releases due 2020.  "I made a decision to be more environmentally conscious. This led to Lark & Berry and I finding each other. I’m proud over what we’ve accomplished with this new collection, and I’m excited to help open eyes to cultured stones. We can be beautiful and save the planet at the same time, bit by bit." - Alicia   We are proud to be one of the only brands in the world that uses cultured diamonds and stones exclusively in our fine jewellery pieces. This means our stones are not mined, hence n...

  Elle Jewelry launched in India through Myntra Minimal western jewelry to customers   Myntra has signed a licensing agreement with the Elle brand, owned by the Lagardère Group (French conglomerate), to produce, distribute and promote the first-ever, Elle jewelry collection for women in India.   Celebrated for its quintessential elegance, the feminine French fashion brand, is celebrating its 75th anniversary, continuing since 1945 to honor its legacy of empowering women to live the fullest. This Elle collection will offer a wide variety of fashion jewelry, both effortless and elegantly seductive to wear anytime and surely to celebrate. Inspired by the audacious and unique Parisian Lifestyle, the collection will reflect the spirit of the times and be always on the move to appeal to all women and enhance feminine attitude. The Elle Jewelry collection will be pre-launched with over 150 styles across earrings, necklaces, bracelets, and sets, spread over collections l...