GJ Town India

eCommerce sales mount 92% globally Tiffany net sales decreased 25% YTD   Tiffany & Co reported its financial results for the three months and nine months ended October 31, 2020. In the third quarter, worldwide net sales returned to the billion dollar level and represented a decrease of 1% as compared to the prior year; on a constant-exchange-rate basis, which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales for the three months were 2% below the prior year. Net earnings increased 52% for the third quarter as compared to prior year (73% improvement when excluding certain costs related to the Merger (as defined below); reflecting higher gross and operating margins and a lower effective income tax rate. In the year-to-date, worldwide net sales decreased 25% as compared to the same period in the prior year and, on a constant-exchange-rate basis, decreased 24% in the nine months as compared to the prior year. Net earnings t

Holiday Sales to climb between 3.6 and 5.2 Percent    With retail sales rebounding strongly due to continued consumer resilience, the National Retail Federation today forecast that holiday sales during November and December will increase between 3.6 percent and 5.2 percent over 2019 to a total between $755.3 billion and $766.7 billion.   “We know this holiday season will be unlike any other, and retailers have planned ahead by investing billions of dollars to ensure the health and safety of their employees and customers,” NRF President and CEO Matthew Shay said. “Consumers have shown they are excited about the holidays and are willing to spend on gifts that lift the spirits of family and friends after such a challenging year. We expect a strong finish to the holiday season and will continue to work with municipal and state officials to keep retailers open and the economy moving forward at this critical time.”   NRF expects that online and other non-store sales, which are included

Brazil Minerals adds titanium, lithium, and rare earths! According the announcement of Brazil Minerals Inc, they have received the exploration permit for its new titanium project in the western part of the state of Minas Gerais in Brazil. Titanium is a highly strategic mineral and the area where this asset is located has shown potential for a large deposit. Areli Nogueira, geological engineer of the project, stated, “Brazil Minerals has been able to obtain the title to a high-potential property for a mineral that is in strong demand. We look forward to measuring our deposit and developing the necessary steps for economic extraction.”   Marc Fogassa, CEO of the Company, added, “Brazil Minerals has now direct ownership of projects in the triad of strategic minerals – titanium, lithium, and rare earths – that we identified could add the most potential value to the Company.” Brazil Minerals Inc owns projects in titanium, lithium, and rare earths, among others, as well as a stake in Jupiter

Demand up & no Argyle supply The Argyle mine’s closure, will undoubtedly affect the balance of  the supply and demand of colored diamonds and ultimately their market value   Recently Natural Diamond Council (NDC) highlighted the subject of Argyle closures! Talk about a rock-solid investment: the value of an Argyle pink diamond has appreciated by 500 percent over the past 20 years, outperforming all major equity markets. And the stones have just become even more valuable: earlier this month, the Argyle Diamond Mine in Western Australia, the source of 90% of the world’s pink diamonds, was depleted and closed.   It’s important to note that pink diamonds aren’t just coveted just for their beauty, but also for their rareness. While it’s believed that the pink color is a result of a twist within the stones’ original atomic lattices during formation over a billion years ago, geologists still face many mysteries regarding their production phenomena. Whatever the cause, the result is

Moved from Tax-Terrorism to Tax-Transparency   Prime Minister Shri Narendra Modi inaugurated Office-cum-Residential Complex of Cuttack Bench of Income Tax Appellate Tribunal through video conference. Speaking on the occasion, the Prime Minister said this bench would now provide modern facilities not only to Odisha, but to millions of taxpayers of Eastern and North Eastern India and help in disposing off all the pending cases in this region.   The Prime Minister said today, the country is moving from Tax Terrorism to Tax Transparency. He added that this change has come due to the approach of Reform, Perform and Transform. He said rules and procedures are being reformed with the help of technology. He said “We are performing with clear intentions and at the same time transforming the mindset of the tax administration.” The Prime Minister said when the difficulties of the country's wealth creator are reduced, they get protection, then their trust grows in the country's systems

  Jewelers using the newly developed UNI Retailers App  Using the Retailer App provided by UNI, jewelers will be able to take their customers on a specific diamond’s journey from the mine to the market. Not only will they be able to tell a compelling story, but they will also boost consumer confidence in the product. UNI Diamonds has announced that it has reached an agreement with the Gemological Institute of America (GIA) to integrate GIA Diamond Origin Reports into all of the UNI diamond platforms.   As a result of the agreement, key information about the provenance of diamonds carrying such reports, including images of the rough stones from which they were cut, will now be made directly accessible via the UNI platforms. Jewelers using the newly developed Retailers App provided by UNI will be able to enhance the customized experience they offer virtually to their own clients, providing them with accurate and verifiable information about how specific diamonds were sourced and pro

Gold can enhance a portfolio in four key ways!   World Gold Council published the report, the relevance of gold as a strategic asset, UK edition! The report say that the Gold, a strategic asset for UK portfolios! “Our analysis illustrates that adding between 2.5% and 12.5% in gold to an average UK investor’s portfolio over the past decade would have resulted in higher risk-adjusted returns!”   Gold can enhance a portfolio in four key ways, 1: generate long-term returns, 2: act as a diversifier and mitigate losses in times of market stress, 3: provide liquidity with no credit risk & 4: improve overall portfolio performance. New decade, renewed challenges: As the new decade begins, investors face an expanding list of challenges around asset management and portfolio construction. Among these, 1: Low interest rates, which may push investors to seek riskier assets at elevated valuation levels and, for UK pension funds in particular, may increase the value of liabilities, possibly re