GJ Town India

Diamcor tendered over 2K yet sold 1905.07 carats Diamcor Mining announces the results of its final tender and sale of rough diamonds for the Company’s third fiscal quarter ending December 31, 2018.  The Company tendered 2,256.52 carats of rough diamonds recovered from resumed processing exercises at the Company’s Krone-Endora at Venetia Project, of which 1905.07 carats were sold for gross proceeds of USD $303,138.39, resulting in an average price of USD $158.60 per carat for the rough diamonds tendered and sold.  The balance of 351.45 carats will be tendered along with additional rough diamonds delivered by the Company in January of 2019.           With this final tender of the fiscal quarter complete, total rough diamonds tendered and sold during the Company’s third fiscal quarter ending December 31, 2018 will be 7,162.21 carats, for gross proceeds of USD $1,401,322.01, resulting in an average price of USD $195.66 per carat for the period.  This represents an incre

Government infuses Rs1,06,000 crore Instead of Rs 65K Crore Government moves to enhance bank recapitalisation outlay to Rs. 1,06,000 crore in the current financial year Government today moved proposal in Parliament for enhanced bank recapitalisation outlay from Rs. 65,000 crore to Rs. 1,06,000 crore in the current financial year to propel economic growth, cementing India’s position as the fastest growing economy of the world. This would enable infusion of over Rs. 83,000 crore in the coming few months in Public Sector Banks (PSBs).  The enhanced provision is aimed at: (1)   Meeting regulatory capital norms, (2)   Providing capital to better-performing PCA Banks to achieve 9% Capital to Risk-weighted Asset Ratio (CRAR); 1.875% Capital Conservation Buffer and the 6% Net NPA threshold, facilitating them to come out of PCA. (3)  Facilitating non-PCA banks that are in breach of some PCA thresholds to not be in breach, (4) strengthen amalgamating banks by providing regu

DMCC, the fourth trade body  joining MyKYCBank The Dubai Diamond Exchange (DDE)-a subsidiary of DMCC (Dubai Multi Commodities Centre) – signed a service agreement to join the MyKYCBank platform of the Gem & Jewellery Export Promotion Council. Mr. Ahmed Bin Sulayem, Executive Chairman of DMCC, and Chairman of DDE, and Mr. Pramod Kumar Agrawal, Chairman, GJEPC, were present at this momentous occasion.   The agreement enables DMCC members trading in diamonds, gold and precious stones to join the MyKYCBank platform. DMCC will be the fourth trade body to join MyKYCBank, following GJEPC, Bharat Diamond Bourse and the Antwerp World Diamond Council. The MyKYCBank platform provides a centralized global platform for companies in the Gems and Jewellery (G&J) industry (including gold, diamonds, precious stones and Jewellery) to complete, manage and share their KYC information so as enable them to meet their obligations under the anti-money laundering AML laws of their res

Distributor of Casting & Handmade Jewellery set with Swarovski Zirconia RKR Gold branding partner of Swarovski Gemstones, believes business are built on relationships. RKR Gold recently associated with one of the long standing industrial phenomenon of the Chennai jewellery fraternity, Kalash Jewels. RKR Gold appointed Kalash Jewels as their Authorized distributor of Casting & Handmade jewellery set with Swarovski Zirconia.   The founder Mr Sukdev Patankar and his sons Mr Pradeep Patankar & Mr Suhas Patankar have been in the Gold refinery business for the past 3 decades and accumulated the title of being one of the best Refinery units in all of Tamil Nadu. With a large base of clients from the refinery business, the Patankar family have embarked their new journey into Jewellery Wholesale and wanted to relate to a well know brand of the market to keep up with their established name.   Kalash Jewels wholesale jewellery store was inaugurated by industry giants l

Aisshpra brings an edition of Pastel baubles this bridal season Trusted jewellery house Aisshpra Gems & Jewels, known for impeccable designs and craftsmanship brings an edition of Pastel baubles this bridal season. The dramatic pieces are carved in 22k yellow gold using traditional Meenakari in a frosty color palate, therefore capturing the old world charm in a modern setting. The edition is studded with large chunks of uncut diamonds that add a dash of luster to the jewel and is a dream comes true of a modern royal bride.   This pastel ensemble comprises of an array of elegant pair of earrings, chokers, and bracelets. Furthermore, they have also been studded with precious gemstones such as blue sapphire, emeralds, rubies, and pearls thereby making it colourful and attractive.   The frosty candy coloured pastel hues which surrounds pieces encapsulates the true beauty of the modern day bride, and redefines the aristocratic vibe of Big Fat Indian Weddings. The edi

Time to nominate for national recognition! Nomination spread over 36 awards in 5 categories The country’s biggest and most eagerly awaited gems and jewellery awards are back. National Jewellery Awards (NJA) 2018, an initiative by All India Gem and Jewellery Domestic Council (GJC), has started their nomination process for the awards for the year 2018. The awards are to honour the rich Indian artistic, creative designs in the gems and jewellery industry and the business & marketing acumen of the jewellery manufacturers, wholesalers and retailers of India. This year, NJA awards is having 36 awards across 5 different categories, like Jewellery Awards (16 categories), Excellence Awards (3 categories), Store Awards (5 categories), Designer & Artisan Awards (3 categories) and Student of the Year Award. A new category for CSR Initiative and Women entrepreneurship has also been added in this year’s NJA awards.   The NJA 2018 Awards will consist of the most credible jury

Total recoveries over 100 carats at Letšeng reaches to 14 during 2018 Gem Diamonds Limited announces the recovery of high quality 101 carat and 71 carat white Type IIa diamonds, both recovered within a twenty four hour period, from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. The recovery of the 101 carat diamond brings the total recoveries at Letšeng to a record fourteen diamonds of over 100 carats during 2018.   Letšeng is renowned for its regular production of large, top colour, exceptional white diamonds, making it the highest average dollar per carat kimberlite diamond mine in the world. Since Gem Diamonds acquired Letšeng in 2006, it has produced over 60 +100 carat, large, top colour, exceptional white diamonds, making it the highest average dollar per carat kimberlite diamond mine in the world. In addition, Letšeng has produced high quality pink and blue diamonds, with a rare blue diamond achieving a s