Israeli Diamond Industry 18 December 2016 agreed on all terms of the agreement with the Israeli tax authorities after several months of negotiations. The treaty was unanimously ratified by the boards of directors of the Israel Diamond Exchange (IDE) and the Israel Diamond Manufacturers Association (Israel Diamond Manufacturers Association, IsDMA) . Special meeting of IDE members also approved a new agreement, according to a press release from the IDI.
The new tax agreement sets out the conditions for the Israeli diamond industry, which are in line with international financial regulations. One of the achievements is that diamantaires will no longer have to pay sales tax, but only with profit. The agreement also allows diamantaires participate in "voluntary disclosure" agreement with the special considerations for the unique aspects of the diamond business.
IDE President Yoram u'Dvash (Yoram Dvash) said: "This is a historic achievement that will allow us to focus on the development of the diamond industry in the past few months we have been working in collaboration with the tax authority in full transparency Our goal is to manage our accounting.. and pay taxes like any other business in Israel. "
U'Dvash expressed confidence that Israeli banks, which raised interest rates and close the account diamanters will now welcome the diamond business. He noted that the government promises to approve the allocation of credits for the industry by Israeli banks.
http://digg.com/u/jetjewelry
Wednesday, June 14, 2017
Representatives of the Responsible Jewelry Practices Board (Responsible Jewellery Council, RJC) Kindzhal Shah (Kinjal Shah) and Bethan Herbert (Bethan Herbert) in December, met with key stakeholders in the jewelry industry in Dubai and Antwerp.
Head of the RJC in India Kindzhal Shah visited Dubai to meet with DMCC and discuss the UAE market and the current challenges for the supply chain of gold and diamonds. The meeting explored the potential for cooperation in the field of standards and educational activities. In addition to this, Kindzhal also visited some of the refining factories based in Dubai to open a discussion on the need for standardization in the RJC for the industry and the benefits of membership in the organization.
In Antwerp to Kindzhalu joined Bethan Herbert, director of RJC Certification and environmental impact, to get feedback on this key market. In the city of RJC members, auditors and industry associations met them with a positive attitude. A number of jewelry companies in Antwerp are already at one stage or another entry into the RJC, and therefore representatives of the Council discussed issues such as the circuit "know your customer", the discovery of undisclosed lab-grown diamonds, the need for additional training. They also held a meeting with the RJC members of the team on new opportunities and raise the profile of the organization.
http://digg.com/u/jetjewelry
Head of the RJC in India Kindzhal Shah visited Dubai to meet with DMCC and discuss the UAE market and the current challenges for the supply chain of gold and diamonds. The meeting explored the potential for cooperation in the field of standards and educational activities. In addition to this, Kindzhal also visited some of the refining factories based in Dubai to open a discussion on the need for standardization in the RJC for the industry and the benefits of membership in the organization.
In Antwerp to Kindzhalu joined Bethan Herbert, director of RJC Certification and environmental impact, to get feedback on this key market. In the city of RJC members, auditors and industry associations met them with a positive attitude. A number of jewelry companies in Antwerp are already at one stage or another entry into the RJC, and therefore representatives of the Council discussed issues such as the circuit "know your customer", the discovery of undisclosed lab-grown diamonds, the need for additional training. They also held a meeting with the RJC members of the team on new opportunities and raise the profile of the organization.
http://digg.com/u/jetjewelry
Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC), the organizer of the India International Jewelery Show (India International Jewellery Show, IIJS) and the Indian exhibition of equipment for the production of precious stones and jewelery (India Gem & Jewellery Machinery Expo, IGJME 2016), reported that the event will be held simultaneously at the exhibition center in Mumbai from 7 to 9 February 2017. Exhibitions are held, respectively, already in the 10 th and the 4 th time.
In addition, the GJEPC said that "As a bonus for visitors who have suffered from the recent demonetization, registering the first phase of visitors has been extended until January 31, 2017 (the second registration phase of the visitors was canceled). The fee for registration fees as the third registration phase will be applied from 1 February 2017 ", - said the GJEPC.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "In the 50th anniversary year of the Council IIJS exhibition, which is one of the most important in the country of jewelry show, completing a decade of his work demonstrating the finest collections of jewelry created by more than 500 leading manufacturers from India. IIJS demonstrates that the production of jewelry is a strong economic sector, and this sector has become a reliable and competitive manufacturer of products for retailers and consumers from around the world. Global Business cycles Noah jewelry trade are located near the exhibition dates, and customers tend to make up for reserves, learn about the trends of the future of styles, make predictions and opinions on the trends. "
He continues: "IGJME, one of the leading exhibition of technologies for the industry of precious stones and jewelry, presents samples of the latest innovative products and technological advances to improve the quality and quantity of output IGJME over the years has become one of the most technologically advanced events of the world jewelry industry. "
http://digg.com/u/jetjewelry
In addition, the GJEPC said that "As a bonus for visitors who have suffered from the recent demonetization, registering the first phase of visitors has been extended until January 31, 2017 (the second registration phase of the visitors was canceled). The fee for registration fees as the third registration phase will be applied from 1 February 2017 ", - said the GJEPC.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "In the 50th anniversary year of the Council IIJS exhibition, which is one of the most important in the country of jewelry show, completing a decade of his work demonstrating the finest collections of jewelry created by more than 500 leading manufacturers from India. IIJS demonstrates that the production of jewelry is a strong economic sector, and this sector has become a reliable and competitive manufacturer of products for retailers and consumers from around the world. Global Business cycles Noah jewelry trade are located near the exhibition dates, and customers tend to make up for reserves, learn about the trends of the future of styles, make predictions and opinions on the trends. "
He continues: "IGJME, one of the leading exhibition of technologies for the industry of precious stones and jewelry, presents samples of the latest innovative products and technological advances to improve the quality and quantity of output IGJME over the years has become one of the most technologically advanced events of the world jewelry industry. "
http://digg.com/u/jetjewelry
Dorothée Gizenga (Dorothée Gizenga), executive director of the "Initiative of the diamond industry» (Diamond Development Initiative, DDI) - an organization dedicated to the problems of the traditional diamond mining sector, was among the 26 persons who are holders of the Order of Ontario, the highest award of this Canadian province.
Signed a decree on awarding Elizabeth Dowdeswell (Elizabeth Dowdeswell), Lieutenant - Governor of Ontario.
Gizenga is a recognized expert on issues of international development and human rights activist. The decree on awarding it states that it "is the founder and executive director of the" Initiative of the diamond industry "and has dedicated his work to international development and the eradication of blood diamonds."
"We can not just wait for governments that they make people's lives better. If people are provided with the knowledge, skills, information and access to what they need, they will change not only their lives but also the lives of their communities, "- said Gizenga its part.
Order of Ontario is awarded to persons who have achieved exceptional achievements in their field and left a "lasting legacy in the province, Canada and abroad."
http://digg.com/u/jetjewelry
Signed a decree on awarding Elizabeth Dowdeswell (Elizabeth Dowdeswell), Lieutenant - Governor of Ontario.
Gizenga is a recognized expert on issues of international development and human rights activist. The decree on awarding it states that it "is the founder and executive director of the" Initiative of the diamond industry "and has dedicated his work to international development and the eradication of blood diamonds."
"We can not just wait for governments that they make people's lives better. If people are provided with the knowledge, skills, information and access to what they need, they will change not only their lives but also the lives of their communities, "- said Gizenga its part.
Order of Ontario is awarded to persons who have achieved exceptional achievements in their field and left a "lasting legacy in the province, Canada and abroad."
http://digg.com/u/jetjewelry
According to preliminary data of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India, the total volume of exports of gold jewelry (such as precious stones or without them) fell by 35% in November 2016, to $ 547.5 million, against $ 844.67 million in the same period last year.
The total volume of exports of the country's jewelry segment in November 2016 amounted to $ 2? 47 billion, which is 20.4% lower than a year ago to $ 3.11 billion. Exports of gold medallions and coins fell to $ 319 million, versus $ 472.5 million a year earlier.
The export of silver jewelry from India fell in November to $ 256.26 million from $ 370.69 million a year earlier.
Exports of colored gemstones from India in November was $ 24.44 million versus $ 25.06 million in the same period last year.
During April-November 2016 (from the beginning of the tax period), total exports of India jewelry sector rose by 10.9%, to $ 28.79 billion, compared with $ 25.96 billion in the same period a year earlier.
At the same time export gold jewelery (such as precious stones or without them) has increased by 12% to $ 6.09 billion and medallions and coins exports fell 5.37% to $ 3.48 Bln.
However, the export of silver jewelry from India grew by 16.37% in April-November 2016, to $ 2.37 billion, while exports of colored gemstones fell by 7.48% to $ 265.06 million.
the weaker performance jewelery industry explained by the closure of the Indian diamond cutting enterprises to celebrate Diwali festival in November, as well as the decision of the Indian authorities to stop the circulation of banknotes Nominal Lamy 500 and Rs 1,000.
http://digg.com/u/jetjewelry
The total volume of exports of the country's jewelry segment in November 2016 amounted to $ 2? 47 billion, which is 20.4% lower than a year ago to $ 3.11 billion. Exports of gold medallions and coins fell to $ 319 million, versus $ 472.5 million a year earlier.
The export of silver jewelry from India fell in November to $ 256.26 million from $ 370.69 million a year earlier.
Exports of colored gemstones from India in November was $ 24.44 million versus $ 25.06 million in the same period last year.
During April-November 2016 (from the beginning of the tax period), total exports of India jewelry sector rose by 10.9%, to $ 28.79 billion, compared with $ 25.96 billion in the same period a year earlier.
At the same time export gold jewelery (such as precious stones or without them) has increased by 12% to $ 6.09 billion and medallions and coins exports fell 5.37% to $ 3.48 Bln.
However, the export of silver jewelry from India grew by 16.37% in April-November 2016, to $ 2.37 billion, while exports of colored gemstones fell by 7.48% to $ 265.06 million.
the weaker performance jewelery industry explained by the closure of the Indian diamond cutting enterprises to celebrate Diwali festival in November, as well as the decision of the Indian authorities to stop the circulation of banknotes Nominal Lamy 500 and Rs 1,000.
http://digg.com/u/jetjewelry
Dzherri Erenvald (Jerry Ehrenwald), President and CEO of the International Gemological Institute (International Gemological Institute, IGI), elected to the Board of the American department directors to work with the Kimberley Process (US Kimberley Process Authority, USKPA) after the departure of the Mark Gershburga (Mark Gershburg) who has worked in the organization for more than ten years as one of its three directors.
USKPA is a trade association that helps the US government to eliminate conflict diamonds from the legitimate supply channels. It controls the use of certificates of KP in the export of rough diamonds from the United States.
"We look forward to working with Mr. Erenvaldom IGI and staff in the implementation of this important mission for the US diamond industry", - said Dr. Martin Hohbaum (Martin Hochbaum), CEO and Member of the Board of Directors USKPA.
"I'm glad purpose in USKPA Board of Directors and look forward to helping to improve the work manual, as well as in the maintenance of vital importance that the certification manual is for the diamond industry - from mines to the final consumer," - said Dzherri Erenvald in this regard, appointment.
https://del.icio.us/pearlsonline
USKPA is a trade association that helps the US government to eliminate conflict diamonds from the legitimate supply channels. It controls the use of certificates of KP in the export of rough diamonds from the United States.
"We look forward to working with Mr. Erenvaldom IGI and staff in the implementation of this important mission for the US diamond industry", - said Dr. Martin Hohbaum (Martin Hochbaum), CEO and Member of the Board of Directors USKPA.
"I'm glad purpose in USKPA Board of Directors and look forward to helping to improve the work manual, as well as in the maintenance of vital importance that the certification manual is for the diamond industry - from mines to the final consumer," - said Dzherri Erenvald in this regard, appointment.
https://del.icio.us/pearlsonline
De Beers Diamond Jewellers opened its new flagship store in New York, where she presented the rough diamonds that give customers a better understanding of the origin of the finished product.
On this occasion, the retailer makes the new store 109-carat rough diamond of type IIa. Salon covers 200 square meters in a building on Madison Avenue in Manhattan.
"In order to get a beautiful diamond, you should start with a beautiful diamond," said Fransua Delazh (François Delage), CEO of De Beers Diamond Jewellers, in a televised interview with Bloomberg.
"It is really important is our experience, and we want our potential customers to be able to experience a touch of beautiful stones", - he added.
De Beers Diamond Jewellers owns four jewelry outlets in the US, including one inside the department store Saks Fifth Avenue. She also manages the offline store on Fifth Avenue in 2005, and moved to a temporary store on Madison Avenue in the beginning of 2016 to launch a permanent point of sales.
"We felt that the time was right to offer us our customer experience that matches what they are looking for, and that is a little more intimate, a little more exclusive - added Delage -. We have seen that store on Madison -avenyu probably more suited for that fight our brand. "
De Beers Diamond Jewellers - London joint venture between De Beers and LVMH Moët Hennessy Louis Vuitton. In 2015, his training has increased by 3%, to $ 161.3 million, while sales of high-level jewelry greatly improved. Besides the US, the brand has two stores in Canada, seven sales outlets in Europe, three - in the Middle East, and 17 - in Asia. Moreover, its business in China, where it has five points of sales, growing double digits, noticed Delage.
https://del.icio.us/pearlsonline
On this occasion, the retailer makes the new store 109-carat rough diamond of type IIa. Salon covers 200 square meters in a building on Madison Avenue in Manhattan.
"In order to get a beautiful diamond, you should start with a beautiful diamond," said Fransua Delazh (François Delage), CEO of De Beers Diamond Jewellers, in a televised interview with Bloomberg.
"It is really important is our experience, and we want our potential customers to be able to experience a touch of beautiful stones", - he added.
De Beers Diamond Jewellers owns four jewelry outlets in the US, including one inside the department store Saks Fifth Avenue. She also manages the offline store on Fifth Avenue in 2005, and moved to a temporary store on Madison Avenue in the beginning of 2016 to launch a permanent point of sales.
"We felt that the time was right to offer us our customer experience that matches what they are looking for, and that is a little more intimate, a little more exclusive - added Delage -. We have seen that store on Madison -avenyu probably more suited for that fight our brand. "
De Beers Diamond Jewellers - London joint venture between De Beers and LVMH Moët Hennessy Louis Vuitton. In 2015, his training has increased by 3%, to $ 161.3 million, while sales of high-level jewelry greatly improved. Besides the US, the brand has two stores in Canada, seven sales outlets in Europe, three - in the Middle East, and 17 - in Asia. Moreover, its business in China, where it has five points of sales, growing double digits, noticed Delage.
https://del.icio.us/pearlsonline
According to government data, polished diamond imports to the US fell by 3% in October this year, to $ 2.09 billion.
Polished imports by weight decreased by 6%, to 1 million carats as the average price increased by 3%, to $ 2071 per carat. Polished exports fell by 2% to $ 1.3 billion, while net imports fell by 5% to $ 794 million.
Rough imports increased more than threefold to $ 51 million, while rough exports grew almost fivefold, to $ 118 million, resulting in a negative net rough imports totaled $ 67 million compared to $ 7 million a year ago. The balance of the diamond trade, reflecting the difference between net imports and exports fell by 12% - to $ 727 million.
In the first 10 months of the year, polished diamond imports in the US decreased by 0.2% to $ 19.89 billion, while polished exports rose by 2 %, to $ 15.78 billion, resulting in net imports fell by 1%, to $ 4.11 billion.
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Polished imports by weight decreased by 6%, to 1 million carats as the average price increased by 3%, to $ 2071 per carat. Polished exports fell by 2% to $ 1.3 billion, while net imports fell by 5% to $ 794 million.
Rough imports increased more than threefold to $ 51 million, while rough exports grew almost fivefold, to $ 118 million, resulting in a negative net rough imports totaled $ 67 million compared to $ 7 million a year ago. The balance of the diamond trade, reflecting the difference between net imports and exports fell by 12% - to $ 727 million.
In the first 10 months of the year, polished diamond imports in the US decreased by 0.2% to $ 19.89 billion, while polished exports rose by 2 %, to $ 15.78 billion, resulting in net imports fell by 1%, to $ 4.11 billion.
https://del.icio.us/pearlsonline
According to government data, polished diamond imports to the US fell by 3% in October this year, to $ 2.09 billion.
Polished imports by weight decreased by 6%, to 1 million carats as the average price increased by 3%, to $ 2071 per carat. Polished exports fell by 2% to $ 1.3 billion, while net imports fell by 5% to $ 794 million.
Rough imports increased more than threefold to $ 51 million, while rough exports grew almost fivefold, to $ 118 million, resulting in a negative net rough imports totaled $ 67 million compared to $ 7 million a year ago. The balance of the diamond trade, reflecting the difference between net imports and exports fell by 12% - to $ 727 million.
In the first 10 months of the year, polished diamond imports in the US decreased by 0.2% to $ 19.89 billion, while polished exports rose by 2 %, to $ 15.78 billion, resulting in net imports fell by 1%, to $ 4.11 billion.
https://del.icio.us/pearlsonline
Polished imports by weight decreased by 6%, to 1 million carats as the average price increased by 3%, to $ 2071 per carat. Polished exports fell by 2% to $ 1.3 billion, while net imports fell by 5% to $ 794 million.
Rough imports increased more than threefold to $ 51 million, while rough exports grew almost fivefold, to $ 118 million, resulting in a negative net rough imports totaled $ 67 million compared to $ 7 million a year ago. The balance of the diamond trade, reflecting the difference between net imports and exports fell by 12% - to $ 727 million.
In the first 10 months of the year, polished diamond imports in the US decreased by 0.2% to $ 19.89 billion, while polished exports rose by 2 %, to $ 15.78 billion, resulting in net imports fell by 1%, to $ 4.11 billion.
https://del.icio.us/pearlsonline
In November 2016 the export of diamonds from India decreased by 10% compared to the same period last year, to $ 1.18 billion, versus $ 1.32 billion in November 2015. This is evidenced by the preliminary data of the Council to promote the export of gems and jewelery (Gem and Jewellery Export Promotion Council, GJEPC).
By volume, polished exports fell to 2.13 million carats to 1.58 million carats.
Rough imports in value terms nearly doubled to $ 1.19 billion in November 2016 compared to $ 624.9 million in November 2015, when there was a difficult situation in the industry. In volume diamond imports rose to 8.55 million carats against 6.43 million carats in the same period last year.
Polished imports grew by 12.5% in November 2016 in India, up to $ 165.83 million, compared to $ 147.43 million in November, a year earlier.
For 8 months of 2016 fiscal year (April-November), India's polished exports rose by 12.23% to $ 15.41 billion against $ 13.73 billion in the same period a year earlier. Also during the reporting period the volume of diamond exports declined from 22.59 million carats to 21.60 million carats.
Since the beginning of fiscal year 2016 (April-November), the import of rough diamonds to India increased by 30.5% compared to the same period last year to $ 11.29 billion, against $ 8.66 billion a year earlier. By volume, this figure increased by 15% to 92.58 million carats, against 80.5 million carats a year earlier.
The weaker performance of the diamond industry are explained by the closure of the Indian diamond cutting enterprises to celebrate Diwali festival in November, as well as the decision of the Indian authorities to stop the circulation of banknotes in denominations of 500 and 1000 rupees.
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By volume, polished exports fell to 2.13 million carats to 1.58 million carats.
Rough imports in value terms nearly doubled to $ 1.19 billion in November 2016 compared to $ 624.9 million in November 2015, when there was a difficult situation in the industry. In volume diamond imports rose to 8.55 million carats against 6.43 million carats in the same period last year.
Polished imports grew by 12.5% in November 2016 in India, up to $ 165.83 million, compared to $ 147.43 million in November, a year earlier.
For 8 months of 2016 fiscal year (April-November), India's polished exports rose by 12.23% to $ 15.41 billion against $ 13.73 billion in the same period a year earlier. Also during the reporting period the volume of diamond exports declined from 22.59 million carats to 21.60 million carats.
Since the beginning of fiscal year 2016 (April-November), the import of rough diamonds to India increased by 30.5% compared to the same period last year to $ 11.29 billion, against $ 8.66 billion a year earlier. By volume, this figure increased by 15% to 92.58 million carats, against 80.5 million carats a year earlier.
The weaker performance of the diamond industry are explained by the closure of the Indian diamond cutting enterprises to celebrate Diwali festival in November, as well as the decision of the Indian authorities to stop the circulation of banknotes in denominations of 500 and 1000 rupees.
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In a special meeting of the Congress of the International Association of colored gemstones (International Coloured Gem Stone Association, ICA ) in Jaipur in 2017, the Steering Committee decided that the Congress would be moved from April to October of the following year.
Thus, Congress in 2017 in Jaipur will be held 21 - 24 October 2017. These dates immediately following the festival of Diwali, the most important holiday of the year in India.
Chairman Radzhiv Dzheyn Steering Committee (Rajiv Jain) said: "As a result of demonetization Indian markets are faced with the slowdown, and the current situation is not very clear, as the new policy is almost every day in such conditions, how we feel, Indian and international delegates will not participate in good numbers. Problems with cash, are expected to change for the better in the next few months. The situation in Jaipur is sure to be better than in October, and our Committee on the program of action should be the servant thief on the events before Congress for our members, so they can get a wonderful experience as part of Diwali next year. "
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Thus, Congress in 2017 in Jaipur will be held 21 - 24 October 2017. These dates immediately following the festival of Diwali, the most important holiday of the year in India.
Chairman Radzhiv Dzheyn Steering Committee (Rajiv Jain) said: "As a result of demonetization Indian markets are faced with the slowdown, and the current situation is not very clear, as the new policy is almost every day in such conditions, how we feel, Indian and international delegates will not participate in good numbers. Problems with cash, are expected to change for the better in the next few months. The situation in Jaipur is sure to be better than in October, and our Committee on the program of action should be the servant thief on the events before Congress for our members, so they can get a wonderful experience as part of Diwali next year. "
https://del.icio.us/pearlsonline
HRD Antwerp will be the first gemological laboratory, which will offer its customers reports on diamonds in two languages, the company said.
In addition, representatives of the Laboratory participated in the trade mission to Korea.
Laboratory reports launch bilingual in English and Korean, as well as in English and Chinese languages, starting from February 1 next year. The HRD said that the reports will be offered on additional foreign languages during 2017.
Laboratory has released reports in the Chinese language, but they first will be offered in two languages anywhere in the world, say in HRD.
The trade mission to the lab in Seoul attended the mayor of Antwerp Bart De Wever (Bart De Wever), as well as representatives of the Antwerp World Diamond Center (AWDC). The visit, which is aimed at improving the Antwerp diamond trade in the region, which includes special measures for establishing contacts and signing of a memorandum of understanding with the Association of Korean Jewelery Confederation (Korea Jeweller Confederation Association), as well as explore opportunities for collaboration.
"The South Korean market represents a great opportunity, and our presence here today is just the first step in what will undoubtedly be a mutually beneficial relationship", - said Ari Epstein (Ari Epstein), HRD Chairman and CEO of the AWDC.
Within HRD program sacrificed Korean jewelry industry M-Screen + screening device for round brilliants size 0.005 - 0.10 carats.
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In addition, representatives of the Laboratory participated in the trade mission to Korea.
Laboratory reports launch bilingual in English and Korean, as well as in English and Chinese languages, starting from February 1 next year. The HRD said that the reports will be offered on additional foreign languages during 2017.
Laboratory has released reports in the Chinese language, but they first will be offered in two languages anywhere in the world, say in HRD.
The trade mission to the lab in Seoul attended the mayor of Antwerp Bart De Wever (Bart De Wever), as well as representatives of the Antwerp World Diamond Center (AWDC). The visit, which is aimed at improving the Antwerp diamond trade in the region, which includes special measures for establishing contacts and signing of a memorandum of understanding with the Association of Korean Jewelery Confederation (Korea Jeweller Confederation Association), as well as explore opportunities for collaboration.
"The South Korean market represents a great opportunity, and our presence here today is just the first step in what will undoubtedly be a mutually beneficial relationship", - said Ari Epstein (Ari Epstein), HRD Chairman and CEO of the AWDC.
Within HRD program sacrificed Korean jewelry industry M-Screen + screening device for round brilliants size 0.005 - 0.10 carats.
https://del.icio.us/pearlsonline
Due to lack of information about the demonetization in India and taking into account the need to raise awareness of their members, the Regional Council for the promotion of exports of gems and jewelery Bureau (Gem & Jewellery Export Promotion Council, GJEPC) organized in Surat seminar on "demonetization and opportunities for gems and jewelry industry. " The seminar was held December 13, 2016 in the Indian Diamond Institute (Indian Diamond Institute), about 400 people took part in it.
Welcoming the guests, Dinesh Nawada (Dinesh Navadiya), head of GJEPC department of Gujarat, said that the aim of the seminar is to provide proper guidance and informing members of the jewelry trade of the decision of the authorities of demonetization, as well as how it can be transformed into a new opportunities for the industry. According to him, it is very important to small traders, brokers, business owners have started to work in a legal format. Nawada said that work according to the new rules and to make payments through banks is much safer and more profitable than doing it disorganized. He added that the current situation is good, it brings security and new opportunities rather than a threat.
In his address to the audience Govindbhay dholak (Govindbhai Dholakiya), founder and chairman of Shree Ram Krishna Exports, argued that the progress and success can not be achieved, while in the comfort zone. He said that the current situation opens up new possibilities and should be treated with a positive attitude. He warned that unscrupulous dealers have no future, and asked the members of the industry to adopt best practices and to limit themselves outside the law, which will allow them to grow and succeed.
Explaining the financial specifics of the new law, Nirav Johann (Nirav Jogani), Deputy Chairman of RSM Astute Consulting, said that trade members must understand the structure of the tax on net income after all expenses and deductions, instead of the tax on turnover.
According to him, representatives of the jewelry industry need to understand and plan for such investment income and a way to pay the minimum amount of tax.
https://del.icio.us/pearlsonline
Welcoming the guests, Dinesh Nawada (Dinesh Navadiya), head of GJEPC department of Gujarat, said that the aim of the seminar is to provide proper guidance and informing members of the jewelry trade of the decision of the authorities of demonetization, as well as how it can be transformed into a new opportunities for the industry. According to him, it is very important to small traders, brokers, business owners have started to work in a legal format. Nawada said that work according to the new rules and to make payments through banks is much safer and more profitable than doing it disorganized. He added that the current situation is good, it brings security and new opportunities rather than a threat.
In his address to the audience Govindbhay dholak (Govindbhai Dholakiya), founder and chairman of Shree Ram Krishna Exports, argued that the progress and success can not be achieved, while in the comfort zone. He said that the current situation opens up new possibilities and should be treated with a positive attitude. He warned that unscrupulous dealers have no future, and asked the members of the industry to adopt best practices and to limit themselves outside the law, which will allow them to grow and succeed.
Explaining the financial specifics of the new law, Nirav Johann (Nirav Jogani), Deputy Chairman of RSM Astute Consulting, said that trade members must understand the structure of the tax on net income after all expenses and deductions, instead of the tax on turnover.
According to him, representatives of the jewelry industry need to understand and plan for such investment income and a way to pay the minimum amount of tax.
https://del.icio.us/pearlsonline
Reduction of Swiss watch exports slowed in November, as deliveries in Hong Kong to avoid mass reduction was observed in the previous months.
Exports fell by 5.6% to $ 1.8 billion (1.86 billion Swiss francs) in the past month, which is the second lowest fall of the year and an improvement compared with a decline of 16% October. November 2016 added one more working day than the same month last year, which limited the decline in the explained in the Federation of the Swiss Watch Industry (Federation of the Swiss Watch Industry) .
Orders from Hong Kong decreased by 0.7% to $ 241.8 million (248.8 million Swiss francs), which is a much better indicator than in previous months. Exports to China rose by 8% in November.
Global exports of hours of precious metals fell by 15%, while deliveries of steel hours rose 5%, while gold and steel watches exported frequently by 3.7%.
Export hours price less than $ 194 (200 CHF) rose by 3% in terms of value. Watches category from $ 194 to $ 486 (500 Swiss francs) were delivered abroad less by 8.5%, while exports of hours in the range of $ 486 to $ 2,916 (3,000 Swiss francs) grew by 2.6%. Orders hours costing $ 2916 or more decreased by 7%.
Total exports of Swiss watches dropped by 10% in the first 11 months of this year, with exports to Hong Kong dropped by 26%.
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Exports fell by 5.6% to $ 1.8 billion (1.86 billion Swiss francs) in the past month, which is the second lowest fall of the year and an improvement compared with a decline of 16% October. November 2016 added one more working day than the same month last year, which limited the decline in the explained in the Federation of the Swiss Watch Industry (Federation of the Swiss Watch Industry) .
Orders from Hong Kong decreased by 0.7% to $ 241.8 million (248.8 million Swiss francs), which is a much better indicator than in previous months. Exports to China rose by 8% in November.
Global exports of hours of precious metals fell by 15%, while deliveries of steel hours rose 5%, while gold and steel watches exported frequently by 3.7%.
Export hours price less than $ 194 (200 CHF) rose by 3% in terms of value. Watches category from $ 194 to $ 486 (500 Swiss francs) were delivered abroad less by 8.5%, while exports of hours in the range of $ 486 to $ 2,916 (3,000 Swiss francs) grew by 2.6%. Orders hours costing $ 2916 or more decreased by 7%.
Total exports of Swiss watches dropped by 10% in the first 11 months of this year, with exports to Hong Kong dropped by 26%.
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Chinese conglomerate Gangtai Group recently acquired a 85% stake in the Italian jeweler Buccellati, media reported.
Buccellati was opened in Milan in 1919 by the master-jeweler Mario Buccellati, who also created a network of retail stores in various cities in Italy and abroad. His son Gianmaria Buccellati created a brand and expanding its presence exponentially across the globe.
In 2013, Clessidra, a private equity firm, has acquired a 67 percent stake in the Buccellati, while the Buccellati family retained a 33% stake. However, in May this year she Clessidra was acquired by Italmobiliare after the sudden death of the founder, Claudio Sposito. Under the agreement with Gangtai Group, Clessidra and Buccellati family will receive a 15% stake.
Gangtai Group through its subsidiary Gangsu Gangtai Holding Co. Ltd. He has extensive experience as an international distributor of gold jewelry in the leading online jewelry stores in China. It is reported that the sale will be completed in the second quarter of 2017.
Andrea Buccellati, Buccelatti creative director and honorary chairman, remains on this position as Gianluca Brozetti, the current CEO of the brand.
It is reported that Buccellati was valued at $ 282 million.
http://www.feedlisting.com/rss-feed-url/898215.html
Buccellati was opened in Milan in 1919 by the master-jeweler Mario Buccellati, who also created a network of retail stores in various cities in Italy and abroad. His son Gianmaria Buccellati created a brand and expanding its presence exponentially across the globe.
In 2013, Clessidra, a private equity firm, has acquired a 67 percent stake in the Buccellati, while the Buccellati family retained a 33% stake. However, in May this year she Clessidra was acquired by Italmobiliare after the sudden death of the founder, Claudio Sposito. Under the agreement with Gangtai Group, Clessidra and Buccellati family will receive a 15% stake.
Gangtai Group through its subsidiary Gangsu Gangtai Holding Co. Ltd. He has extensive experience as an international distributor of gold jewelry in the leading online jewelry stores in China. It is reported that the sale will be completed in the second quarter of 2017.
Andrea Buccellati, Buccelatti creative director and honorary chairman, remains on this position as Gianluca Brozetti, the current CEO of the brand.
It is reported that Buccellati was valued at $ 282 million.
http://www.feedlisting.com/rss-feed-url/898215.html
At a meeting in late December meeting of the Supervisory Board of ALROSA approved consolidated budget of the company for 2017, providing for a decrease of 10.3 billion rubles. and an increase in sales of the products in the US $ 108 million..
The following year, the company will reduce the long-term investments, the amount of gratuitous transactions, funds for exploration, as well as a number of other items of expenditure. It is also reported that the funds for the Association of Diamond Manufacturers (Diamond Producers Association) will be reserved.
. Plan to increase the sales of the main products in the $ 108 million the following year adopted against the background of very strong performance achieved by the company for 9 months of 2016 - Alrosa's revenue from diamond sales reached 255.563 billion rubles. Net income and net cash flow showed a threefold increase over the same period in 2015 and amounted to 116.9 billion rubles and 104.1 billion rubles, respectively.
ALROSA - the world's largest company in terms of diamond production, is engaged in the exploration, extraction, production and sale of diamonds. Production is carried out on the territory of the Republic of Sakha (Yakutia) and the Arkhangelsk region, where the company is developing 11 kimberlite pipes and alluvial deposits 16. In the first 9 months of 2016 diamond mining group Alrosa amounted to 27.9 million carats.
http://www.feedlisting.com/rss-feed-url/898216.html
The following year, the company will reduce the long-term investments, the amount of gratuitous transactions, funds for exploration, as well as a number of other items of expenditure. It is also reported that the funds for the Association of Diamond Manufacturers (Diamond Producers Association) will be reserved.
. Plan to increase the sales of the main products in the $ 108 million the following year adopted against the background of very strong performance achieved by the company for 9 months of 2016 - Alrosa's revenue from diamond sales reached 255.563 billion rubles. Net income and net cash flow showed a threefold increase over the same period in 2015 and amounted to 116.9 billion rubles and 104.1 billion rubles, respectively.
ALROSA - the world's largest company in terms of diamond production, is engaged in the exploration, extraction, production and sale of diamonds. Production is carried out on the territory of the Republic of Sakha (Yakutia) and the Arkhangelsk region, where the company is developing 11 kimberlite pipes and alluvial deposits 16. In the first 9 months of 2016 diamond mining group Alrosa amounted to 27.9 million carats.
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Russian Academy of Sciences in 2017 will begin a detailed study of prospective primary diamond deposits in northern Yakutia. This Tass Yakutsk said Academician, deputy chairman of the Russian Academy of Sciences, Director of the Institute of Geology and Mineralogy. V. S. Soboleva Nikolay Pokhilenko.
"We will continue to work to substantiate the prospects of finding a large indigenous diamond deposits in northern Yakutia, together with Rosgeologiya. It is necessary to carry out further detailed scientific work in this direction. There are about seven prospective sites. For these purposes, we calculated that three years - from 2017 to 2019 - must be 120 million rubles to 40 million rubles a year ", - he said.
Scientists have obtained new findings that show high promise of discovery in the north and north-eastern Yakutia large primary diamond deposits.
"Together with Australian colleagues, we reassess, 300 refined dating of zircon grains from the region ... it is fundamentally changing the potential of this area for the presence of indigenous diamond deposits", - he added.
According Pokhilenko, according to new findings in these areas can be opened the same field as the "Mir" pipe and "successful" in the Mirny region of Yakutia.
http://www.feedlisting.com/rss-feed-url/898217.html
"We will continue to work to substantiate the prospects of finding a large indigenous diamond deposits in northern Yakutia, together with Rosgeologiya. It is necessary to carry out further detailed scientific work in this direction. There are about seven prospective sites. For these purposes, we calculated that three years - from 2017 to 2019 - must be 120 million rubles to 40 million rubles a year ", - he said.
Scientists have obtained new findings that show high promise of discovery in the north and north-eastern Yakutia large primary diamond deposits.
"Together with Australian colleagues, we reassess, 300 refined dating of zircon grains from the region ... it is fundamentally changing the potential of this area for the presence of indigenous diamond deposits", - he added.
According Pokhilenko, according to new findings in these areas can be opened the same field as the "Mir" pipe and "successful" in the Mirny region of Yakutia.
http://www.feedlisting.com/rss-feed-url/898217.html
Zimbabwe's first lady Greys Mugabe allegedly involved in an unpleasant litigation Jamal Joseph Hamed, diamanters from the United Arab Emirates, for a diamond ring worth $ 1.35 million.
News Agency The Source alleges that, based on the submitted legal documents Hamed, Mrs Mugabe in April 2015 placed an order for a 10-carat diamond worth $ 1.35 million.
The payment was made in May 2016, but later she changed her mind before you take delivery of a stone.
"The second respondent (Mrs Mugabe) has placed an order for a diamond at my daughter in Dubai, in which she stated that her husband wants to buy her a stone on the anniversary of their wedding," - Hamed said under oath. He is suing with the first lady, her son and assistant due to the invasion of three belonging to him in the territory of Harare, which was committed in an attempt to force him to cancel the transaction.
"The transfer of the product was finally made in May 2016, and the diamond was handed to the consignee (Mrs. Mugabe) in Dubai is amazing, but the defendant refused to take delivery of a diamond and instead demanded the full return of funds in Dubai." - he said.
According to The Source, Hamed explained Mrs Mugabe that he bore the costs of search and faceted stone.
"Unfortunately, instead of having to refer to my lawyer offers to repay the debt to be included in the agreement or stone sale, the defendants began to terror and oppression, in which there were verbal threats and insults in my direction, as well as statements about that nothing I can do them, because they are actually a country called Zimbabwe ", - concluded Hamed.
https://del.icio.us/pearlsonline
News Agency The Source alleges that, based on the submitted legal documents Hamed, Mrs Mugabe in April 2015 placed an order for a 10-carat diamond worth $ 1.35 million.
The payment was made in May 2016, but later she changed her mind before you take delivery of a stone.
"The second respondent (Mrs Mugabe) has placed an order for a diamond at my daughter in Dubai, in which she stated that her husband wants to buy her a stone on the anniversary of their wedding," - Hamed said under oath. He is suing with the first lady, her son and assistant due to the invasion of three belonging to him in the territory of Harare, which was committed in an attempt to force him to cancel the transaction.
"The transfer of the product was finally made in May 2016, and the diamond was handed to the consignee (Mrs. Mugabe) in Dubai is amazing, but the defendant refused to take delivery of a diamond and instead demanded the full return of funds in Dubai." - he said.
According to The Source, Hamed explained Mrs Mugabe that he bore the costs of search and faceted stone.
"Unfortunately, instead of having to refer to my lawyer offers to repay the debt to be included in the agreement or stone sale, the defendants began to terror and oppression, in which there were verbal threats and insults in my direction, as well as statements about that nothing I can do them, because they are actually a country called Zimbabwe ", - concluded Hamed.
https://del.icio.us/pearlsonline
Rockwell Diamonds has signed a deal to sell its diamond mines Remhugte (Remhoogte) and Saksendrift (Saxendrift) company Nelesco Proprietary 318 as part of its recently announced plans to change its strategy and business improvement. As a result of this transaction miner, is expected to receive R45 million in cash. Selling mine also includes the translation of 98 employees.
In a statement issued last week, Rockwell Diamonds reported that the payment will be made in three installments, the first of which in the amount of R20 million, is expected to go to the January 31, 2017 after the completion of certain conditions, the suspension of activities; second tranche of R 15 million follow upon completion of registration on Saksendrift Nelesco name; and the remaining tranche of R10 million will be paid upon completion and acceptance of certain contracts, approval of the transfer of ownership of the minerals company Nelesco, as well as the consent of the Commission on the legal regulation of mergers and acquisitions of South African companies.
In the period until all conditions of the transaction Nelesco will work on the contract of mining, Rockwell Diamonds paying a royalty of 2.5% of the proceeds from the sale of diamonds mined at the sites that are the subject of the transaction, and will also be responsible for any related her commitment to the restoration of the natural environment.
The deal also provides for the transfer to rent an office and residential complex mine Saksendrift Rockwell Diamonds company for twenty years, as well as access to water. Rockwell Diamonds Nelesco will supply electricity at cost.
"This transaction represents an important milestone in our plans to change its strategy in order to create a" new Rockwell Diamonds », - explains CEO Tyart Willems (Tjaart Willemse). - This will not only give money, in addition to the recently announced funding Rockwell Diamonds by the two major shareholders and third parties, but will get rid of non-core assets and associated liabilities, resulting in a new Rockwell Diamonds will be able to focus on the completion of the next phase work on building up production at the mine Vouterspen (Wouterspan) and concentrator, as well as the expansion of its portfolio of exploration and development. Translation 98 employees will also help us to optimize the number of employees and reduce the number of reduced workers'.
"I am very grateful for the support that we receive from our investors and commercial suppliers and especially by our employees during this difficult time, and now that the deal confidently advanced to the stage of completion, and taking into account to carry out the expansion of our processing factory and the approaching entry of her operation, we are encouraged that will give us an updated company Rockwell Diamonds », - he added.
http://www.feedlisting.com/rss-feed-url/898224.html
In a statement issued last week, Rockwell Diamonds reported that the payment will be made in three installments, the first of which in the amount of R20 million, is expected to go to the January 31, 2017 after the completion of certain conditions, the suspension of activities; second tranche of R 15 million follow upon completion of registration on Saksendrift Nelesco name; and the remaining tranche of R10 million will be paid upon completion and acceptance of certain contracts, approval of the transfer of ownership of the minerals company Nelesco, as well as the consent of the Commission on the legal regulation of mergers and acquisitions of South African companies.
In the period until all conditions of the transaction Nelesco will work on the contract of mining, Rockwell Diamonds paying a royalty of 2.5% of the proceeds from the sale of diamonds mined at the sites that are the subject of the transaction, and will also be responsible for any related her commitment to the restoration of the natural environment.
The deal also provides for the transfer to rent an office and residential complex mine Saksendrift Rockwell Diamonds company for twenty years, as well as access to water. Rockwell Diamonds Nelesco will supply electricity at cost.
"This transaction represents an important milestone in our plans to change its strategy in order to create a" new Rockwell Diamonds », - explains CEO Tyart Willems (Tjaart Willemse). - This will not only give money, in addition to the recently announced funding Rockwell Diamonds by the two major shareholders and third parties, but will get rid of non-core assets and associated liabilities, resulting in a new Rockwell Diamonds will be able to focus on the completion of the next phase work on building up production at the mine Vouterspen (Wouterspan) and concentrator, as well as the expansion of its portfolio of exploration and development. Translation 98 employees will also help us to optimize the number of employees and reduce the number of reduced workers'.
"I am very grateful for the support that we receive from our investors and commercial suppliers and especially by our employees during this difficult time, and now that the deal confidently advanced to the stage of completion, and taking into account to carry out the expansion of our processing factory and the approaching entry of her operation, we are encouraged that will give us an updated company Rockwell Diamonds », - he added.
http://www.feedlisting.com/rss-feed-url/898224.html
The Australian Securities Exchange (Australian Securities Exchange, ASX) Kimberley Diamonds has approved an application for the removal of the shares from the stock exchange. This was done by the company to reduce costs and facilitate access to finance.
Exchange issued the approval on the condition of the final decision of holders of securities of the company. Kimberley will seek the approval of the shareholders of the completion trade stocks, and trade ceased a month after the decision stated in the ASX.
In November Kimberley Diamonds has applied for the removal of its shares from the stock exchange ASX, as they are trading at a price that is "significantly lower" than the cost of the company's major assets.
The company owns a diamond mine Lera (Lerala) in Botswana, where production was temporarily suspended in October last year.
The company added that the decision was also due to the low liquidity of its stock and the lack of interest in the Australian market.
The Kimberley said that further fundraising, including any necessary restructuring of existing loans, will be more successful if the company will make delisting.
http://www.feedlisting.com/rss-feed-url/898222.html
Exchange issued the approval on the condition of the final decision of holders of securities of the company. Kimberley will seek the approval of the shareholders of the completion trade stocks, and trade ceased a month after the decision stated in the ASX.
In November Kimberley Diamonds has applied for the removal of its shares from the stock exchange ASX, as they are trading at a price that is "significantly lower" than the cost of the company's major assets.
The company owns a diamond mine Lera (Lerala) in Botswana, where production was temporarily suspended in October last year.
The company added that the decision was also due to the low liquidity of its stock and the lack of interest in the Australian market.
The Kimberley said that further fundraising, including any necessary restructuring of existing loans, will be more successful if the company will make delisting.
http://www.feedlisting.com/rss-feed-url/898222.html
Gemfields received $ 30.4 million in a recent auction rubies and corundum in Singapore. As noted in the company, prices showed improvement gemstone market.
Company sold 1.1 million carats of rubies and corundum total 1.4 million carats with deposits Montepuez (Montepuez) in Mozambique. At the auction, 85% of the lots were sold by volume and 80% - at a cost.
The average price of $ 27.79 per carat showed "good overall global demand" compared with previous auctions, said the Gemfields.
"The prices achieved at auction, combined with a high percentage of stones sold at cost, fully support the forecasted strong demand for responsibly mined Mozambican rubies in key markets and product categories," - said Chief Executive Officer Jan Gemfields Herbotl (Ian Harebottle).
Gemfields sold rough gems in the amount of $ 41.1 million since the beginning of 2017 fiscal year, which began July 1. Also included sales of emeralds and beryl from the mine Kagem (Kagem) in Zambia.
http://www.feedlisting.com/rss-feed-url/898220.html
Company sold 1.1 million carats of rubies and corundum total 1.4 million carats with deposits Montepuez (Montepuez) in Mozambique. At the auction, 85% of the lots were sold by volume and 80% - at a cost.
The average price of $ 27.79 per carat showed "good overall global demand" compared with previous auctions, said the Gemfields.
"The prices achieved at auction, combined with a high percentage of stones sold at cost, fully support the forecasted strong demand for responsibly mined Mozambican rubies in key markets and product categories," - said Chief Executive Officer Jan Gemfields Herbotl (Ian Harebottle).
Gemfields sold rough gems in the amount of $ 41.1 million since the beginning of 2017 fiscal year, which began July 1. Also included sales of emeralds and beryl from the mine Kagem (Kagem) in Zambia.
http://www.feedlisting.com/rss-feed-url/898220.html
Exports of Indian jewelry in the EU, totaling more than $ 3 billion may suffer due to the exclusion of India from the generalized system of preferences (Generalized System of Preferences, GSP) , which provides tax relief depending on the country of origin of products, according to the report Business Standard.
India enjoyed the benefits of the customs duty at the rate of 2.5% - 4% and value-added tax from 20% to 25% in different EU countries over the last three years of the regime of GSP, which ends this month.
As a result, exports of gems and jewelery from the country jumped to $ 3.6 billion in 2014-15, while it decreased by 10% to $ 3.2 billion in 2015-16 years due to unfavorable market conditions.
The revised EU list, however, exclude the sector from the GSP. This means that all customs duties and VAT applicable to the goods outside the GSP, will be true for the gems and jewelry from India. Meanwhile, in India, this segment of the economy is facing problems due to the global economic uncertainty.
Promotion Council Chairman exports of gems and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) Pravinshankar Pandya (Praveenshankar Pandya) said: "The decision, of course, hit our exports to the EU of course, we will consider the matter with the Ministry of Commerce in. very soon. "
http://www.feedlisting.com/rss-feed-url/898219.html
India enjoyed the benefits of the customs duty at the rate of 2.5% - 4% and value-added tax from 20% to 25% in different EU countries over the last three years of the regime of GSP, which ends this month.
As a result, exports of gems and jewelery from the country jumped to $ 3.6 billion in 2014-15, while it decreased by 10% to $ 3.2 billion in 2015-16 years due to unfavorable market conditions.
The revised EU list, however, exclude the sector from the GSP. This means that all customs duties and VAT applicable to the goods outside the GSP, will be true for the gems and jewelry from India. Meanwhile, in India, this segment of the economy is facing problems due to the global economic uncertainty.
Promotion Council Chairman exports of gems and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) Pravinshankar Pandya (Praveenshankar Pandya) said: "The decision, of course, hit our exports to the EU of course, we will consider the matter with the Ministry of Commerce in. very soon. "
http://www.feedlisting.com/rss-feed-url/898219.html
Israel's polished diamond exports fell by 2.5%, to $ 3.84 billion in the first nine months of this year, according to the Ministry of Economy and Industry of the country.
In physical terms, polished diamond exports fell by 16% to 1.5 million carats as the average price jumped 17% to $ 2629 per carat.
Shipments to the US fell 0.3% to $ 1.47 billion. Export of diamonds in Hong Kong fell by 9% to $ 1.03 billion, while exports to Belgium fell by 17%, to $ 288.4 million.
At the same time, imports of polished diamonds in Israel fell 7% to $ 2.37 billion during the reporting period. Net export diamonds representing minus export import increased by 6% to $ 1.46 Bln.
Rough imports increased by 11% to $ 2.36 billion, while diamond exports jumped by 16% to $ 2 Bln. Consequently, pure rough imports, representing imports less exports, fell 11% to $ 356.2 million.
The balance of the diamond trade, reflecting the difference between net imports and exports, jumped by 13% to $ 1.11 billion for the first nine months of this year.
http://www.feedlisting.com/rss-feed-url/898218.html
Okavango Diamond Company is testing a new way to sell rough diamonds on contracts for periodic delivery. The new initiative is designed to provide customers with an uninterrupted supply of raw materials for a certain period.
Tobi Frirz (Toby Frears), managing director of Okavango, said in a statement Rapaport News: "In response to requests for special arrangements for the supply we will test the sale of futures contracts at the auction in February The introduction of auctions for immediate delivery will complement our regular spot auctions and. create new opportunities for clients who are looking for a consistent and predictable supply of raw materials for several sales cycles. "
Customers will be able to take part in the tender for delivery within a period of three sales cycles, he said. This will enable them to plan their production for about three months, as supplies within a specified period and for a selected group of products would be guaranteed to them. Okavango will test the program on separate categories of raw materials. The company will also continue its regular auctions.
At the same time, Okavango sales jumped 80% in 2016, to $ 546.5 million, while sales rose more than doubled to 3.442 million carats, said Frears.
"It was a good year for the industry as a whole and cutters benefit from improved margins and stable diamond sales after the well-documented difficulties in 2015, - he added -. While we are bullish on the background of good feedback from customers that these ( positive) conditions must prevail at the beginning of 2017, a lot will depend on the production volume and pricing policies of major producers of diamonds. "
http://www.feedlisting.com/rss-feed-url/898225.html
Tobi Frirz (Toby Frears), managing director of Okavango, said in a statement Rapaport News: "In response to requests for special arrangements for the supply we will test the sale of futures contracts at the auction in February The introduction of auctions for immediate delivery will complement our regular spot auctions and. create new opportunities for clients who are looking for a consistent and predictable supply of raw materials for several sales cycles. "
Customers will be able to take part in the tender for delivery within a period of three sales cycles, he said. This will enable them to plan their production for about three months, as supplies within a specified period and for a selected group of products would be guaranteed to them. Okavango will test the program on separate categories of raw materials. The company will also continue its regular auctions.
At the same time, Okavango sales jumped 80% in 2016, to $ 546.5 million, while sales rose more than doubled to 3.442 million carats, said Frears.
"It was a good year for the industry as a whole and cutters benefit from improved margins and stable diamond sales after the well-documented difficulties in 2015, - he added -. While we are bullish on the background of good feedback from customers that these ( positive) conditions must prevail at the beginning of 2017, a lot will depend on the production volume and pricing policies of major producers of diamonds. "
http://www.feedlisting.com/rss-feed-url/898225.html
Chow Tai Fook, the largest jewelery brand in China and one of the leading jewelers in Asia, will send a delegation of the International Diamond Week in Israel (IDWI) 13 - 16 February 2017, according to a press release from the Israel Diamond Exchange (Israel Diamond Exchange, IDE ).
Chow Tai Fook has more than 2,000 sales outlets in mainland China, Malaysia and Singapore. Founded more than 80 years ago, the company employs a vertically integrated business model - from the procurement of raw materials to retail. Managing Director Kent Wong (Kent Wong), executive director of the Bobbi Lyu (Bobby Liu) and CEO Peter Suan (Peter Suen) will represent the company at the event.
IDE Yoram u'Dvash President (Yoram Dvash) said: "We are very pleased to welcome back senior Chow Tai Fook, the brand, which is such an important part of one of our key export markets - Asia This market represents more than one-third of our sales of diamonds, and. our presence there has been growing steadily over the last decade. The participation of Chow Tai Fook in this event once again underlines the strength of our ties with the diamond and jewelry industry in Asia, particularly in Hong Kong and China. "
During IDWI representatives of Chow Tai Fook will meet with leading members of the Israeli diamond industry to discuss the latest trends in the Asian market jewelry and future directions.
http://www.feedage.com/feeds/23910343/wedding-pearl-jewelry-bridal-pearl-necklace
Chow Tai Fook has more than 2,000 sales outlets in mainland China, Malaysia and Singapore. Founded more than 80 years ago, the company employs a vertically integrated business model - from the procurement of raw materials to retail. Managing Director Kent Wong (Kent Wong), executive director of the Bobbi Lyu (Bobby Liu) and CEO Peter Suan (Peter Suen) will represent the company at the event.
IDE Yoram u'Dvash President (Yoram Dvash) said: "We are very pleased to welcome back senior Chow Tai Fook, the brand, which is such an important part of one of our key export markets - Asia This market represents more than one-third of our sales of diamonds, and. our presence there has been growing steadily over the last decade. The participation of Chow Tai Fook in this event once again underlines the strength of our ties with the diamond and jewelry industry in Asia, particularly in Hong Kong and China. "
During IDWI representatives of Chow Tai Fook will meet with leading members of the Israeli diamond industry to discuss the latest trends in the Asian market jewelry and future directions.
http://www.feedage.com/feeds/23910343/wedding-pearl-jewelry-bridal-pearl-necklace
Stornoway Diamond Corporation announced that it has reached the stage of commercial production at its Renard diamond project (Renard) in Canada.
According to the company, the average speed of processing at the plant in 60% was carried out in the 30-day period prior to 3 December 2016.
The average speed of processing was 4,120 tonnes per day, compared with a planned capacity of 6000 tons per day.
Stornoway officially announced the beginning of commercial production on the project January 1, 2017. The company plans to continue to boost the capacity of a processing plant to the maximum over the next two quarters.
Matt Manson (Matt Manson), President and Chief Executive Officer, said: "Achieving commercial production marks the end of the period of capital costs for the project, and our ultimate capital costs are projected to be within a reduced budget of $ 775 million Canadian dollars, established in February 2016. production Capacity continues with three diamond sales are scheduled for the first quarter of 2017. "
http://www.feedage.com/feeds/23910357/wedding-pearl-jewelry-bridal-pearl-necklace
S. Schnitzer Diamonds, the leading Israeli manufacturer and exporter of diamonds, was awarded the prize for excellence in diamond exports from Israel to Japan in 2015 in the presence of His Excellency the Ambassador Koji Tomita during a ceremony at the Dan Hotel Tel Aviv in mid-December. The company S Schnitzer has been nominated for the prize of the Japan-Israel Chamber of Commerce (Japan-Israel Chamber of Commerce) . The award ceremony was part of the celebration of the 60th anniversary of the Chamber.
Chairman Shmuel Schnitzer (Shmuel Schnitzer), who served several terms as president of the Israel Diamond Exchange (Israel Diamond Exchange, IDE), as well as two consecutive terms as president of the WFDB (World Federation of Diamond Bourses, WFDB ), has expressed thanks to the Chamber for the award of the prize.
"We are honored to be associated with the Japanese diamond and jewelery sector for a long period of time. Therefore, we are grateful to all our Japanese friends and business partners who have helped us achieve this award and look forward to further expand our activities in this market, which is so close to our hearts ", - said Schnitzer.
http://www.feedage.com/feeds/23910359/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
Chairman Shmuel Schnitzer (Shmuel Schnitzer), who served several terms as president of the Israel Diamond Exchange (Israel Diamond Exchange, IDE), as well as two consecutive terms as president of the WFDB (World Federation of Diamond Bourses, WFDB ), has expressed thanks to the Chamber for the award of the prize.
"We are honored to be associated with the Japanese diamond and jewelery sector for a long period of time. Therefore, we are grateful to all our Japanese friends and business partners who have helped us achieve this award and look forward to further expand our activities in this market, which is so close to our hearts ", - said Schnitzer.
http://www.feedage.com/feeds/23910359/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
According to a recent study conducted by Gemfields, US consumers care more about the color of rubies, sapphires and emeralds, than about their weight in carats. In addition, they usually spend about $ 1,400 on products with these stones.
A study conducted by a third party, was intended to assess the overall size and potential of the market and better understand the beliefs of consumers as well as their perceptions of the value, price and use of jewelry with precious stones.
In a study across the country attended by about 12,900 consumers between the ages of 21 to 64 years.
The study found that of these, about 31% have purchased jewelry with rubies, emeralds and sapphires in the last 24 months. That figure jumps to 41% for the representatives of "two thousandth generation", which are also almost twice as likely to use social networks and mobile devices to search for jewelry in comparison with other generations.
When it came to the most important attributes of the stone, leading to the purchase, the color and transparency were the main, or even more important than the weight in carats, while the country of origin of the stone was much less influential factor.
The average price paid for the jewelry with precious colored stones, was $ 1386, the study found.
http://www.feedage.com/feeds/23910345/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
A study conducted by a third party, was intended to assess the overall size and potential of the market and better understand the beliefs of consumers as well as their perceptions of the value, price and use of jewelry with precious stones.
In a study across the country attended by about 12,900 consumers between the ages of 21 to 64 years.
The study found that of these, about 31% have purchased jewelry with rubies, emeralds and sapphires in the last 24 months. That figure jumps to 41% for the representatives of "two thousandth generation", which are also almost twice as likely to use social networks and mobile devices to search for jewelry in comparison with other generations.
When it came to the most important attributes of the stone, leading to the purchase, the color and transparency were the main, or even more important than the weight in carats, while the country of origin of the stone was much less influential factor.
The average price paid for the jewelry with precious colored stones, was $ 1386, the study found.
http://www.feedage.com/feeds/23910345/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
Auction house Christie's has received $ 18,170,000 from the sale of fancy bright pink diamond weighing 9.14 carat pear-cut, or an average of $ 2 million per carat, at its auction in Geneva.
Auction house finished 250th anniversary season bids Magnificent jewelry (Magnificent Jewels) in Geneva, which brought a total of $ 97.1 million.
Pink diamond, which was the main prize of auction, achieved the second highest price for a pink diamond pear-cut, sold on the auction.
Jewelry house premium category Boehmer et Bassenge presented two impressive of the lot, setting a new record price for a pair of earrings sold at auction. They went under the hammer for 17.56 million Swiss francs. Diamond necklace with colored stones D was sold for 8.32 million Swiss francs.
Another important lot was a ruby and diamond bracelet in the art deco style of Van Cleef & Arpels, which was sold for nearly $ 1.3 million, four times the pre-sale estimate.
In general, during the 2016 Christie's sold 35 lots at the cost of more than $ 1 million.
http://www.feedage.com/feeds/23910349/classic-pearl-jewelry-tradition-pearl-necklace
Auction house finished 250th anniversary season bids Magnificent jewelry (Magnificent Jewels) in Geneva, which brought a total of $ 97.1 million.
Pink diamond, which was the main prize of auction, achieved the second highest price for a pink diamond pear-cut, sold on the auction.
Jewelry house premium category Boehmer et Bassenge presented two impressive of the lot, setting a new record price for a pair of earrings sold at auction. They went under the hammer for 17.56 million Swiss francs. Diamond necklace with colored stones D was sold for 8.32 million Swiss francs.
Another important lot was a ruby and diamond bracelet in the art deco style of Van Cleef & Arpels, which was sold for nearly $ 1.3 million, four times the pre-sale estimate.
In general, during the 2016 Christie's sold 35 lots at the cost of more than $ 1 million.
http://www.feedage.com/feeds/23910349/classic-pearl-jewelry-tradition-pearl-necklace
The Indian diamond trade center (India Diamond Trading Centre, IDTC) , the only special customs zone (SNZ) to view the rough diamonds in the country, completed a year of successful operations, having spent 27 of viewing sessions with the participation of all major global miners gjepc.org said in a statement.
Companies that show their diamonds in IDTC - De Beers, Rio Tinto, Alrosa, Dominion Diamond Corporation and Okavango Diamond Company.
The center is located on the territory of 4095 square meters. feet in the building of the Indian Diamond Bourse (BDB), and is fully equipped with the latest technology to view the products in accordance with international standards and world class safety systems. After viewing the Company may make purchases by placing bids at auction or participate in auctions on the Internet.
SNZ system offers a small diamond companies in India an opportunity to get direct access to the supply of raw materials, resulting in significant cost savings.
According to the report, more than 50% of the dates for the views, available in 2017, already booked.
http://www.feedage.com/feeds/23910358/gift-jewelry-pearl-necklace-pearl-bracelet-pearl-ring-and-pearl-earrings
Companies that show their diamonds in IDTC - De Beers, Rio Tinto, Alrosa, Dominion Diamond Corporation and Okavango Diamond Company.
The center is located on the territory of 4095 square meters. feet in the building of the Indian Diamond Bourse (BDB), and is fully equipped with the latest technology to view the products in accordance with international standards and world class safety systems. After viewing the Company may make purchases by placing bids at auction or participate in auctions on the Internet.
SNZ system offers a small diamond companies in India an opportunity to get direct access to the supply of raw materials, resulting in significant cost savings.
According to the report, more than 50% of the dates for the views, available in 2017, already booked.
http://www.feedage.com/feeds/23910358/gift-jewelry-pearl-necklace-pearl-bracelet-pearl-ring-and-pearl-earrings
High-level delegation of the Association of Armenian Jewelers (Armenian Jewelers Association, AJA) headed by its president, Sarkis Nuriyanom will participate in the second international diamond week in Israel (International Diamond Week in Israel, IDWI ) 13-16 February 2017 as guests of the Israel diamond Exchange (Israel diamond Exchange, IDE). On IDWI it will sign a memorandum of understanding with the Israeli stock exchange under the auspices of Dr. Gaetano Cavalieri (Gaetano Cavalieri), President of the World Jewelery Confederation (CIBJO), according to a press release from the IDE.
IDE President Yoram u'Dvash (Yoram Dvash) said: "I am delighted that AJA will send an official delegation to IDWI Armenian jewelers have a unique and long-standing heritage, and they have made an important contribution to the jewelry industry worldwide We are very pleased that AJA has agreed.. to cooperate with the Israeli diamond industry to promote the jewelry sector with diamonds, especially in light of the investments we have made to strengthen this area. "
President AJA Sarkis Nuria said: "We are very pleased to have received an invitation to the Israel Diamond Exchange to take part in the International Diamond Week in Israel, We send to the event delegation to explore channels of cooperation and the establishment of a formal framework for cooperation We know that this exhibition is a great.. value for the exchange, and this gives us an excellent opportunity to learn about the industry and to meet with its members, "- he said.
http://www.feedage.com/feeds/23910348/gift-jewelry-pearl-necklace-pearl-bracelet-pearl-ring-and-pearl-earrings
IDE President Yoram u'Dvash (Yoram Dvash) said: "I am delighted that AJA will send an official delegation to IDWI Armenian jewelers have a unique and long-standing heritage, and they have made an important contribution to the jewelry industry worldwide We are very pleased that AJA has agreed.. to cooperate with the Israeli diamond industry to promote the jewelry sector with diamonds, especially in light of the investments we have made to strengthen this area. "
President AJA Sarkis Nuria said: "We are very pleased to have received an invitation to the Israel Diamond Exchange to take part in the International Diamond Week in Israel, We send to the event delegation to explore channels of cooperation and the establishment of a formal framework for cooperation We know that this exhibition is a great.. value for the exchange, and this gives us an excellent opportunity to learn about the industry and to meet with its members, "- he said.
http://www.feedage.com/feeds/23910348/gift-jewelry-pearl-necklace-pearl-bracelet-pearl-ring-and-pearl-earrings
The victory of Donald Trump in the US presidential election may support the diamond market, says CEO of the diamond company De Beers Bryus Cleaver (Bruce Cleaver). According to him, keeping promises Trump to reduce taxes and increase in employment will lead to middle-class wealth and will support the market.
"The effect should be positive, of course, in the short term: tax cuts, increasing the number of jobs, all this translates into revenue growth, which is converted to growth in demand for diamonds," - he said in an interview Cleaver Bloomberg.
This year De Beers expects similar sales in 2015 and a slight decline against the dollar strengthening. In 2017 sales, according to the CEO of the company can grow. According to De Beers, in the first half of 2016 diamond prices fell by 7% in the second half of the year prices "stable enough", the company said.
According to Cleaver, on diamond demand growth will be associated with the economic plan of Trump. The president-elect has previously stated that he intends to cut taxes, create jobs and increase spending on infrastructure projects.
In particular, during the pre-election program of Trump proposed to reduce the maximum income tax rate from the current 39.6 to 33% and simplify the progressive scale of taxation, leaving the three rates: 33, 25 and 12%.
Significant tax relief provided for large businesses - reducing the weighted average rate of income tax from 35 to 15%, which is intended to prevent the removal of assets from the country and create jobs. At the headquarters of Trump argued that the fiscal burden will be reduced for all segments of the population.
http://www.feedage.com/feeds/23910356/pearl-jewelry-pearl-necklace
"The effect should be positive, of course, in the short term: tax cuts, increasing the number of jobs, all this translates into revenue growth, which is converted to growth in demand for diamonds," - he said in an interview Cleaver Bloomberg.
This year De Beers expects similar sales in 2015 and a slight decline against the dollar strengthening. In 2017 sales, according to the CEO of the company can grow. According to De Beers, in the first half of 2016 diamond prices fell by 7% in the second half of the year prices "stable enough", the company said.
According to Cleaver, on diamond demand growth will be associated with the economic plan of Trump. The president-elect has previously stated that he intends to cut taxes, create jobs and increase spending on infrastructure projects.
In particular, during the pre-election program of Trump proposed to reduce the maximum income tax rate from the current 39.6 to 33% and simplify the progressive scale of taxation, leaving the three rates: 33, 25 and 12%.
Significant tax relief provided for large businesses - reducing the weighted average rate of income tax from 35 to 15%, which is intended to prevent the removal of assets from the country and create jobs. At the headquarters of Trump argued that the fiscal burden will be reduced for all segments of the population.
http://www.feedage.com/feeds/23910356/pearl-jewelry-pearl-necklace
Alrosa can increase participation in the Angolan project "Catoca", a company interested in the share, which later will consolidate revenues and reserves, told Forbes president Andrei Zharkov.
The joint venture "Catoca" in Angola was established in 2014. Alrosa and Angolan Endiama it belongs by 32.8%. Another 18% owned by the Chinese China Sonagol International, 16,4% - Brazil's Odebrecht. Representatives of ALROSA and other shareholders "skating rink" did not respond to publication requests.
Stake in ALROSA "Catoca" is proposed to increase at the expense of Brazilians leads Forbes speech Deputy Finance Minister Alekseya Moiseeva. ALROSA has to buy 17.2% to gain control, it will allow it to add about 15% to the production of diamonds in the project, and 15-20% of net profit, analysts write in a review BCS. The company may also buy more shares in the Chinese company, they say.
http://www.feedage.com/feeds/23910346/pearl-jewelry-pearl-necklace
The joint venture "Catoca" in Angola was established in 2014. Alrosa and Angolan Endiama it belongs by 32.8%. Another 18% owned by the Chinese China Sonagol International, 16,4% - Brazil's Odebrecht. Representatives of ALROSA and other shareholders "skating rink" did not respond to publication requests.
Stake in ALROSA "Catoca" is proposed to increase at the expense of Brazilians leads Forbes speech Deputy Finance Minister Alekseya Moiseeva. ALROSA has to buy 17.2% to gain control, it will allow it to add about 15% to the production of diamonds in the project, and 15-20% of net profit, analysts write in a review BCS. The company may also buy more shares in the Chinese company, they say.
http://www.feedage.com/feeds/23910346/pearl-jewelry-pearl-necklace
Sixth International Diamond Week in Israel (IDWI), which will take place 13 - 16 February 2017, aroused great interest among the buyers at the international level, and the volume of registration of the participants made a record pace. This was reported in the Israel Diamond Exchange (IDE).
According to her, the number of registered customers, is expected to surpass the previous attendance records for several hundred.
Haim Volner (Haim Volner), the new chairman of the event, said that the registered customers come from more than 20 countries, including the US, UK, Germany, China and India.
"The majority of registered buyers came to us through social networks, where we had a very active campaign there are a high percentage of repeat visitors, but we see a lot of new customers, which is very encouraging.", - he said.
"This year we have added some very significant new opportunities - international tenders for rough and faceted diamonds, a rich social program, free sightseeing tours to Jerusalem and the Dead Sea This is in addition to three free nights at the hotel." - he added.
Volner also said that the main feature of the event will still be a huge selection of diamonds and diamonds that will be offered by hundreds of Israeli and international companies exhibiting products in the commercial IDE hall.
"Customers know that they can find a special stone facets and dimensions, trendy colors, types, series and more It has always been our main feature, and now it leads to an increase in traffic.", - he added.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FBridalPearls
According to her, the number of registered customers, is expected to surpass the previous attendance records for several hundred.
Haim Volner (Haim Volner), the new chairman of the event, said that the registered customers come from more than 20 countries, including the US, UK, Germany, China and India.
"The majority of registered buyers came to us through social networks, where we had a very active campaign there are a high percentage of repeat visitors, but we see a lot of new customers, which is very encouraging.", - he said.
"This year we have added some very significant new opportunities - international tenders for rough and faceted diamonds, a rich social program, free sightseeing tours to Jerusalem and the Dead Sea This is in addition to three free nights at the hotel." - he added.
Volner also said that the main feature of the event will still be a huge selection of diamonds and diamonds that will be offered by hundreds of Israeli and international companies exhibiting products in the commercial IDE hall.
"Customers know that they can find a special stone facets and dimensions, trendy colors, types, series and more It has always been our main feature, and now it leads to an increase in traffic.", - he added.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FBridalPearls
International experts will discuss the support ALROSA colored diamonds in the Mediterranean jewelery and gemological conference (Mediterranean Gem and Jewellery Conference), which will be held in Siracusa, Italy, 11-14 May 2017.
The event will be held a series of seminars on color and fluorescent diamonds, as well as cutting and jewelry.
Alrosa, the largest diamond producer by volume, expressed its interest in participating as the main sponsor and speaker at the conference.
The main topic of the conference will be colored diamonds, and 6 participants of the event will cover this topic. In addition, four international speaker will present their views on the precious stones, cutting and jewelry.
During the conference, a number of international experts in the gems and jewelery sector will organize several seminars on optical methods for screening and identification of colored gemstones, including individual and small ornaments mounted in synthetic diamonds and "chalk"; evaluation of refined and natural colored diamonds; and the use of special gemological devices for screening.
The conference will also feature roundtable on "Description and marketing colored diamonds" and "Fluorescence: its importance for the identification and valuation of diamonds." Moderate them is John Chapman (Gemetrix) with the participation of experts from Aurora Gems, CGL-GRS, HRD , NCDIA, NAJA, Symmetry Jewellery Valuation, who will answer questions from the audience.
The success of the conference in Greece in the year 2015 and in Spain in 2016 was the basis for the next similar event in 2017.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FGiftJewelryPearl
The event will be held a series of seminars on color and fluorescent diamonds, as well as cutting and jewelry.
Alrosa, the largest diamond producer by volume, expressed its interest in participating as the main sponsor and speaker at the conference.
The main topic of the conference will be colored diamonds, and 6 participants of the event will cover this topic. In addition, four international speaker will present their views on the precious stones, cutting and jewelry.
During the conference, a number of international experts in the gems and jewelery sector will organize several seminars on optical methods for screening and identification of colored gemstones, including individual and small ornaments mounted in synthetic diamonds and "chalk"; evaluation of refined and natural colored diamonds; and the use of special gemological devices for screening.
The conference will also feature roundtable on "Description and marketing colored diamonds" and "Fluorescence: its importance for the identification and valuation of diamonds." Moderate them is John Chapman (Gemetrix) with the participation of experts from Aurora Gems, CGL-GRS, HRD , NCDIA, NAJA, Symmetry Jewellery Valuation, who will answer questions from the audience.
The success of the conference in Greece in the year 2015 and in Spain in 2016 was the basis for the next similar event in 2017.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FGiftJewelryPearl
Israel's polished diamond exports declined in 2016 despite the fact that sentiment improved in December.
Polished exports fell by 6.4% to $ 4.68 billion during the previous year, according to the Ministry of Economy and Industry of Israel. Exports to the US, which is the largest trading partner, fell by 9% to $ 2 billion, while shipments to Hong Kong fell 8% to $ 1.35 billion. Orders from Belgium fell 16% to $ 349 million.
Polished imports dropped 6% to $ 3.28 billion. Net polished exports, representing exports less imports, fell by 8% to $ 1.39 billion.
while the downward trend and a slowdown in trading activity continued throughout most of 2016, the first signs of recovery appeared near the end of the year, he said Israel diamond controller Shmuel Mordechai (Shmuel Morde chai).
Agreement in the industry with the Israeli tax authority in December helped to improve sentiment, he added.
The balance of the diamond trade, reflecting the difference between net imports and exports, decreased by 8% to $ 849 million over the past year.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJewelryCeleb
Polished exports fell by 6.4% to $ 4.68 billion during the previous year, according to the Ministry of Economy and Industry of Israel. Exports to the US, which is the largest trading partner, fell by 9% to $ 2 billion, while shipments to Hong Kong fell 8% to $ 1.35 billion. Orders from Belgium fell 16% to $ 349 million.
Polished imports dropped 6% to $ 3.28 billion. Net polished exports, representing exports less imports, fell by 8% to $ 1.39 billion.
while the downward trend and a slowdown in trading activity continued throughout most of 2016, the first signs of recovery appeared near the end of the year, he said Israel diamond controller Shmuel Mordechai (Shmuel Morde chai).
Agreement in the industry with the Israeli tax authority in December helped to improve sentiment, he added.
The balance of the diamond trade, reflecting the difference between net imports and exports, decreased by 8% to $ 849 million over the past year.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJewelryCeleb
Harrods introduced the "one of the rarest in the world" diamonds that this month will be shown to the public for the first time.
Pear-shaped diamond weighing 228.31 carats, color G VS1 purity will be available for viewing by appointment in a department store in Knightsbridge in London from mid-December.
"Brilliant Harrods" (Harrods Diamond) used to be "hidden" in the store warehouse, reported in Harrods. Representatives of the trading house said that the stone has a "magnificent cut, polished and glossy exceptional symmetry."
"It is very rare when the diamonds of the weight, cut, polish and symmetry are sold outside the auction, so it is an exceptional opportunity for customers Harrods and very interesting moment in the history of the shop," - said Helen David (Helen David), the main seller in Harrods.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FJewelryTradition
Pear-shaped diamond weighing 228.31 carats, color G VS1 purity will be available for viewing by appointment in a department store in Knightsbridge in London from mid-December.
"Brilliant Harrods" (Harrods Diamond) used to be "hidden" in the store warehouse, reported in Harrods. Representatives of the trading house said that the stone has a "magnificent cut, polished and glossy exceptional symmetry."
"It is very rare when the diamonds of the weight, cut, polish and symmetry are sold outside the auction, so it is an exceptional opportunity for customers Harrods and very interesting moment in the history of the shop," - said Helen David (Helen David), the main seller in Harrods.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FJewelryTradition
Israeli police have arrested the owner of BSG Resources (BSGR) and a major international diamond trader Beni Shteynmetsa (Beny Steinmetz) on suspicion of bribing government officials in Guinea. According to law enforcement officials, bribery was used to obtain the rights to the extraction of iron ore in the vast project Simandu (Simandou).
Billionaire Steinmetz and other Israeli businessmen are suspected by the police, paid tens of millions of dollars to senior government officials of Guinea party to obtain a license for the project, according to a report mining.com.
"In BSGR are firmly convinced that the accusations of bribery Guinea government officials not only baseless, but are systematic attempts by the Government of Guinea to cover the endemic corruption that plague the country for several years", - said a spokesman for BSGR, which quotes mining.com.
According BSGR, an investigation was initiated by the Government of Guinea, with the support of international police agencies in the US, UK and Switzerland.
Arrest Steinmetz is perhaps the most dramatic turn in the case of field Simandu, which is also "shocked to the core" the world's second-largest mining company, Rio Tinto.
The report also mentions mining.com that Rio Tinto has recently published e-mails addressed to certain of its leaders in May 2011 in connection with the questionable payments external consultant working on the project Simandu the company. Just one month, this publication has caused a number of checks, as well as several reorganization of the administrative apparatus, including the dismissal of Alana Devisa (Alan Davies), Chief Executive Officer for the extraction of energy resources and minerals Rio Tinto. Previously, he has promised to take "the strongest possible legal action" against Rio Tinto.
http://www.feedage.com/feeds/23910361/classic-pearl-jewelry-tradition-pearl-necklace
Billionaire Steinmetz and other Israeli businessmen are suspected by the police, paid tens of millions of dollars to senior government officials of Guinea party to obtain a license for the project, according to a report mining.com.
"In BSGR are firmly convinced that the accusations of bribery Guinea government officials not only baseless, but are systematic attempts by the Government of Guinea to cover the endemic corruption that plague the country for several years", - said a spokesman for BSGR, which quotes mining.com.
According BSGR, an investigation was initiated by the Government of Guinea, with the support of international police agencies in the US, UK and Switzerland.
Arrest Steinmetz is perhaps the most dramatic turn in the case of field Simandu, which is also "shocked to the core" the world's second-largest mining company, Rio Tinto.
The report also mentions mining.com that Rio Tinto has recently published e-mails addressed to certain of its leaders in May 2011 in connection with the questionable payments external consultant working on the project Simandu the company. Just one month, this publication has caused a number of checks, as well as several reorganization of the administrative apparatus, including the dismissal of Alana Devisa (Alan Davies), Chief Executive Officer for the extraction of energy resources and minerals Rio Tinto. Previously, he has promised to take "the strongest possible legal action" against Rio Tinto.
http://www.feedage.com/feeds/23910361/classic-pearl-jewelry-tradition-pearl-necklace
After the publication of the Report of De Beers on the state of the diamond industry (Diamond Insight Report) in 2014, the diamond company said in a new report in 2016 identified the new global and regional trends that are associated with changes in macroeconomic trends in emerging economies, as well as volatility forecasts of global economic growth.
The De Beers also stressed the need for members of the diamond industry to strengthen its competitive opportunities through better planning and increased investment in innovation and marketing.
A new report on the state of the diamond industry in 2016 is focusing on a number of new developments in the market, namely the new consumer preferences. According to the authors of the report, the representatives of "two thousandth generation" are becoming more and more important age group, and in addition, there is the economic empowerment of women, which causes the increase in purchases of jewelry. In addition, the growing competition from other categories of luxury goods increased individualization of jewelry products and innovations in the retail sector, according to De Beers.
At the same time, financial problems for the cutting and polishing segment is expected to continue, and enterprises in the industry will have to adapt, adhering to the tightening of lending standards and professional activity, which will lead to greater transparency in the supply chain of the diamond.
As for the diamond producers, that a large proportion of all rough stones, is expected to be produced from the increasingly deep mines, which are complex and costly to operate. Manufacturers require additional investment to increase production volumes, say in De Beers, while diamond production is expected to remain relatively stable and predictable for the next 10 years.
According to De Beers to analysts, consumer demand for synthetic diamonds currently negligible, but synthetic stones production possibilities for jewelry, will likely continue to expand. Over time, costs and the ultimate cost of these stones to consumers is expected to be reduced.
Independent analysts from large banks expect the sale of diamond jewelry will grow at the expense of the US, while the pressure on the diamond cutting segment is likely to continue. Their findings for the most part consistent with the data report of the company De Beers.
http://feeds.feedburner.com/JewelryTradition
The De Beers also stressed the need for members of the diamond industry to strengthen its competitive opportunities through better planning and increased investment in innovation and marketing.
A new report on the state of the diamond industry in 2016 is focusing on a number of new developments in the market, namely the new consumer preferences. According to the authors of the report, the representatives of "two thousandth generation" are becoming more and more important age group, and in addition, there is the economic empowerment of women, which causes the increase in purchases of jewelry. In addition, the growing competition from other categories of luxury goods increased individualization of jewelry products and innovations in the retail sector, according to De Beers.
At the same time, financial problems for the cutting and polishing segment is expected to continue, and enterprises in the industry will have to adapt, adhering to the tightening of lending standards and professional activity, which will lead to greater transparency in the supply chain of the diamond.
As for the diamond producers, that a large proportion of all rough stones, is expected to be produced from the increasingly deep mines, which are complex and costly to operate. Manufacturers require additional investment to increase production volumes, say in De Beers, while diamond production is expected to remain relatively stable and predictable for the next 10 years.
According to De Beers to analysts, consumer demand for synthetic diamonds currently negligible, but synthetic stones production possibilities for jewelry, will likely continue to expand. Over time, costs and the ultimate cost of these stones to consumers is expected to be reduced.
Independent analysts from large banks expect the sale of diamond jewelry will grow at the expense of the US, while the pressure on the diamond cutting segment is likely to continue. Their findings for the most part consistent with the data report of the company De Beers.
http://feeds.feedburner.com/JewelryTradition
ALROSA will hold a tender faceted and rough diamonds during the sixth in a row the International Diamond Week in Israel (IDWI) 13-16 February 2017 in the building of the Israel Diamond Exchange (IDE).
The auction will consist of 108 boxes of rough diamonds weighing from 11 to 199 carats, as well as several unique white and fancy colored diamonds weighing from 10 to 80 carats, including five that have been created from one very large diamond, the report said, prevalence IDE.
The centerpiece of the auction ALROSA will hold 80.59-carat round diamond "Star Viluysk", which will be put on the trading floor during IDWI IDE, along with other special stones companies.
President of ALROSA Andrei Zharkov will be guest of honor at IDWI. His visit coincided with the opening of the International Center for the Tender IDE (International Tender Center), which will hold a tender of rough diamonds and large producers of rough diamonds and diamond dealers.
Alrosa, the world's largest diamond producer by volume in carats, carries out regular tenders polished and rough diamonds on the Israeli stock exchange in a few years.
Recently ALROSA and IDE have signed a Memorandum of Understanding aimed at enhancing cooperation between the two organizations in various fields. During his stay at Zharkov IDWI he and his team will meet with the leaders of the IDE to discuss specific terms of the Memorandum, including increasing the supply of rough diamonds.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FWeddingPearls
The auction will consist of 108 boxes of rough diamonds weighing from 11 to 199 carats, as well as several unique white and fancy colored diamonds weighing from 10 to 80 carats, including five that have been created from one very large diamond, the report said, prevalence IDE.
The centerpiece of the auction ALROSA will hold 80.59-carat round diamond "Star Viluysk", which will be put on the trading floor during IDWI IDE, along with other special stones companies.
President of ALROSA Andrei Zharkov will be guest of honor at IDWI. His visit coincided with the opening of the International Center for the Tender IDE (International Tender Center), which will hold a tender of rough diamonds and large producers of rough diamonds and diamond dealers.
Alrosa, the world's largest diamond producer by volume in carats, carries out regular tenders polished and rough diamonds on the Israeli stock exchange in a few years.
Recently ALROSA and IDE have signed a Memorandum of Understanding aimed at enhancing cooperation between the two organizations in various fields. During his stay at Zharkov IDWI he and his team will meet with the leaders of the IDE to discuss specific terms of the Memorandum, including increasing the supply of rough diamonds.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FWeddingPearls
Sixth International Diamond Week in Israel (IDWI), which will take place 13 - 16 February 2017, aroused great interest among the buyers at the international level, and the volume of registration of the participants made a record pace. This was reported in the Israel Diamond Exchange (IDE).
According to her, the number of registered customers, is expected to surpass the previous attendance records for several hundred.
Haim Volner (Haim Volner), the new chairman of the event, said that the registered customers come from more than 20 countries, including the US, UK, Germany, China and India.
"The majority of registered buyers came to us through social networks, where we had a very active campaign there are a high percentage of repeat visitors, but we see a lot of new customers, which is very encouraging.", - he said.
"This year we have added some very significant new opportunities - international tenders for rough and faceted diamonds, a rich social program, free sightseeing tours to Jerusalem and the Dead Sea This is in addition to three free nights at the hotel." - he added.
Volner also said that the main feature of the event will still be a huge selection of diamonds and diamonds that will be offered by hundreds of Israeli and international companies exhibiting products in the commercial IDE hall.
"Customers know that they can find a special stone facets and dimensions, trendy colors, types, series and more It has always been our main feature, and now it leads to an increase in traffic.", - he added.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FRoyalPearls
According to her, the number of registered customers, is expected to surpass the previous attendance records for several hundred.
Haim Volner (Haim Volner), the new chairman of the event, said that the registered customers come from more than 20 countries, including the US, UK, Germany, China and India.
"The majority of registered buyers came to us through social networks, where we had a very active campaign there are a high percentage of repeat visitors, but we see a lot of new customers, which is very encouraging.", - he said.
"This year we have added some very significant new opportunities - international tenders for rough and faceted diamonds, a rich social program, free sightseeing tours to Jerusalem and the Dead Sea This is in addition to three free nights at the hotel." - he added.
Volner also said that the main feature of the event will still be a huge selection of diamonds and diamonds that will be offered by hundreds of Israeli and international companies exhibiting products in the commercial IDE hall.
"Customers know that they can find a special stone facets and dimensions, trendy colors, types, series and more It has always been our main feature, and now it leads to an increase in traffic.", - he added.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FRoyalPearls
Bonhams Head of Unit informed that at auctions during 2016 the company managed to sell the best jewelry, who received recognition for aesthetics and not the weight of precious stones. In her opinion, this trend will continue in 2017.
Portal GEMKonnect quoted Gina Ghica (Jean Ghika), director of the jewelry department at Bonhams UK and Europe, who said that the jewelry are increasingly seen as an art form in its own category, and is no longer perceived only as luxuries. Modern and trendy jewelry designers are turning to collectors who want to create a collection of jewelry similar to the collection of contemporary art.
She adds that the modern jewelry design strong and courageous, often handmade, have a price higher than the materials from which they are made. These products are often made in a single copy, or are produced in very small quantities, and their exclusivity increases their desirability.
Outlining his predictions about what will be the main trend in the jewelry auction market in 2017, Ghica believes that women will continue to make their own jewelry purchases during 2017. She says that, according to Bonhams, more and more women are buying jewelry for fun, as an investment or as a way to spend your hard-earned bonuses. Buyers, women accounted for 28% of all customers in the Bonhams auction of jewelry in 2016 compared to 24% in 2011.
Boom also said that buyers from the East will continue to drive demand for exceptional gems and jewelry.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJeweller
Portal GEMKonnect quoted Gina Ghica (Jean Ghika), director of the jewelry department at Bonhams UK and Europe, who said that the jewelry are increasingly seen as an art form in its own category, and is no longer perceived only as luxuries. Modern and trendy jewelry designers are turning to collectors who want to create a collection of jewelry similar to the collection of contemporary art.
She adds that the modern jewelry design strong and courageous, often handmade, have a price higher than the materials from which they are made. These products are often made in a single copy, or are produced in very small quantities, and their exclusivity increases their desirability.
Outlining his predictions about what will be the main trend in the jewelry auction market in 2017, Ghica believes that women will continue to make their own jewelry purchases during 2017. She says that, according to Bonhams, more and more women are buying jewelry for fun, as an investment or as a way to spend your hard-earned bonuses. Buyers, women accounted for 28% of all customers in the Bonhams auction of jewelry in 2016 compared to 24% in 2011.
Boom also said that buyers from the East will continue to drive demand for exceptional gems and jewelry.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJeweller
ALROSA will hold a tender faceted and rough diamonds during the sixth in a row the International Diamond Week in Israel (IDWI) 13-16 February 2017 in the building of the Israel Diamond Exchange (IDE).
The auction will consist of 108 boxes of rough diamonds weighing from 11 to 199 carats, as well as several unique white and fancy colored diamonds weighing from 10 to 80 carats, including five that have been created from one very large diamond, the report said, prevalence IDE.
The centerpiece of the auction ALROSA will hold 80.59-carat round diamond "Star Viluysk", which will be put on the trading floor during IDWI IDE, along with other special stones companies.
President of ALROSA Andrei Zharkov will be guest of honor at IDWI. His visit coincided with the opening of the International Center for the Tender IDE (International Tender Center), which will hold a tender of rough diamonds and large producers of rough diamonds and diamond dealers.
Alrosa, the world's largest diamond producer by volume in carats, carries out regular tenders polished and rough diamonds on the Israeli stock exchange in a few years.
Recently ALROSA and IDE have signed a Memorandum of Understanding aimed at enhancing cooperation between the two organizations in various fields. During his stay at Zharkov IDWI he and his team will meet with the leaders of the IDE to discuss specific terms of the Memorandum, including increasing the supply of rough diamonds.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJewelries
The auction will consist of 108 boxes of rough diamonds weighing from 11 to 199 carats, as well as several unique white and fancy colored diamonds weighing from 10 to 80 carats, including five that have been created from one very large diamond, the report said, prevalence IDE.
The centerpiece of the auction ALROSA will hold 80.59-carat round diamond "Star Viluysk", which will be put on the trading floor during IDWI IDE, along with other special stones companies.
President of ALROSA Andrei Zharkov will be guest of honor at IDWI. His visit coincided with the opening of the International Center for the Tender IDE (International Tender Center), which will hold a tender of rough diamonds and large producers of rough diamonds and diamond dealers.
Alrosa, the world's largest diamond producer by volume in carats, carries out regular tenders polished and rough diamonds on the Israeli stock exchange in a few years.
Recently ALROSA and IDE have signed a Memorandum of Understanding aimed at enhancing cooperation between the two organizations in various fields. During his stay at Zharkov IDWI he and his team will meet with the leaders of the IDE to discuss specific terms of the Memorandum, including increasing the supply of rough diamonds.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJewelries
After the publication of the Report of De Beers on the state of the diamond industry (Diamond Insight Report) in 2014, the diamond company said in a new report in 2016 identified the new global and regional trends that are associated with changes in macroeconomic trends in emerging economies, as well as volatility forecasts of global economic growth.
The De Beers also stressed the need for members of the diamond industry to strengthen its competitive opportunities through better planning and increased investment in innovation and marketing.
A new report on the state of the diamond industry in 2016 is focusing on a number of new developments in the market, namely the new consumer preferences. According to the authors of the report, the representatives of "two thousandth generation" are becoming more and more important age group, and in addition, there is the economic empowerment of women, which causes the increase in purchases of jewelry. In addition, the growing competition from other categories of luxury goods increased individualization of jewelry products and innovations in the retail sector, according to De Beers.
At the same time, financial problems for the cutting and polishing segment is expected to continue, and enterprises in the industry will have to adapt, adhering to the tightening of lending standards and professional activity, which will lead to greater transparency in the supply chain of the diamond.
As for the diamond producers, that a large proportion of all rough stones, is expected to be produced from the increasingly deep mines, which are complex and costly to operate. Manufacturers require additional investment to increase production volumes, say in De Beers, while diamond production is expected to remain relatively stable and predictable for the next 10 years.
According to De Beers to analysts, consumer demand for synthetic diamonds currently negligible, but synthetic stones production possibilities for jewelry, will likely continue to expand. Over time, costs and the ultimate cost of these stones to consumers is expected to be reduced.
Independent analysts from large banks expect the sale of diamond jewelry will grow at the expense of the US, while the pressure on the diamond cutting segment is likely to continue. Their findings for the most part consistent with the data report of the company De Beers.
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The De Beers also stressed the need for members of the diamond industry to strengthen its competitive opportunities through better planning and increased investment in innovation and marketing.
A new report on the state of the diamond industry in 2016 is focusing on a number of new developments in the market, namely the new consumer preferences. According to the authors of the report, the representatives of "two thousandth generation" are becoming more and more important age group, and in addition, there is the economic empowerment of women, which causes the increase in purchases of jewelry. In addition, the growing competition from other categories of luxury goods increased individualization of jewelry products and innovations in the retail sector, according to De Beers.
At the same time, financial problems for the cutting and polishing segment is expected to continue, and enterprises in the industry will have to adapt, adhering to the tightening of lending standards and professional activity, which will lead to greater transparency in the supply chain of the diamond.
As for the diamond producers, that a large proportion of all rough stones, is expected to be produced from the increasingly deep mines, which are complex and costly to operate. Manufacturers require additional investment to increase production volumes, say in De Beers, while diamond production is expected to remain relatively stable and predictable for the next 10 years.
According to De Beers to analysts, consumer demand for synthetic diamonds currently negligible, but synthetic stones production possibilities for jewelry, will likely continue to expand. Over time, costs and the ultimate cost of these stones to consumers is expected to be reduced.
Independent analysts from large banks expect the sale of diamond jewelry will grow at the expense of the US, while the pressure on the diamond cutting segment is likely to continue. Their findings for the most part consistent with the data report of the company De Beers.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FClassicalPearl
Important decisions were taken at the annual general meeting of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) India, which took place on December 20, 2016, according to a report gjepc.org.
In addition to the approval of changes in its code of ethics needed to complete the integration process GJEPC as a member of the World Federation of Diamond Bourses (WFDB), the meeting was also approved the establishment of the Disciplinary Board of Trade (Trade Disciplinary Committee, TDC), together with the Indian Diamond Exchange (Bharat diamond Bourse, BDB) and the Association of diamond dealers and diamond Bombay (Mumbai diamond merchants Association, MDMA) .
The TDC, which consists of 21 members, will consider the issues of illegal activities related to trafficking in precious stones and jewelry, classified as fraud, as well as to transactions with undisclosed synthetic diamonds. Discussions will also be false and incorrect marking of precious stones and jewelery; non-compliance and / or violation of business practices (including financial disputes), customs and ethics; questions relating to the bankruptcy of persons in the trade; and other problems that are related to the field of TDC activity, and that the new body jewelry industry sees fit to discuss.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) also proposes to use the demonetization as an opportunity to gems and jewelery industry of India was able to work in an organized manner and to introduce a system of non-cash payment.
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In addition to the approval of changes in its code of ethics needed to complete the integration process GJEPC as a member of the World Federation of Diamond Bourses (WFDB), the meeting was also approved the establishment of the Disciplinary Board of Trade (Trade Disciplinary Committee, TDC), together with the Indian Diamond Exchange (Bharat diamond Bourse, BDB) and the Association of diamond dealers and diamond Bombay (Mumbai diamond merchants Association, MDMA) .
The TDC, which consists of 21 members, will consider the issues of illegal activities related to trafficking in precious stones and jewelry, classified as fraud, as well as to transactions with undisclosed synthetic diamonds. Discussions will also be false and incorrect marking of precious stones and jewelery; non-compliance and / or violation of business practices (including financial disputes), customs and ethics; questions relating to the bankruptcy of persons in the trade; and other problems that are related to the field of TDC activity, and that the new body jewelry industry sees fit to discuss.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) also proposes to use the demonetization as an opportunity to gems and jewelery industry of India was able to work in an organized manner and to introduce a system of non-cash payment.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FGiftJewelry
Important decisions were taken at the annual general meeting of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) India, which took place on December 20, 2016, according to a report gjepc.org.
In addition to the approval of changes in its code of ethics needed to complete the integration process GJEPC as a member of the World Federation of Diamond Bourses (WFDB), the meeting was also approved the establishment of the Disciplinary Board of Trade (Trade Disciplinary Committee, TDC), together with the Indian Diamond Exchange (Bharat diamond Bourse, BDB) and the Association of diamond dealers and diamond Bombay (Mumbai diamond merchants Association, MDMA) .
The TDC, which consists of 21 members, will consider the issues of illegal activities related to trafficking in precious stones and jewelry, classified as fraud, as well as to transactions with undisclosed synthetic diamonds. Discussions will also be false and incorrect marking of precious stones and jewelery; non-compliance and / or violation of business practices (including financial disputes), customs and ethics; questions relating to the bankruptcy of persons in the trade; and other problems that are related to the field of TDC activity, and that the new body jewelry industry sees fit to discuss.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) also proposes to use the demonetization as an opportunity to gems and jewelery industry of India was able to work in an organized manner and to introduce a system of non-cash payment.
http://feeds.feedburner.com/PearlJewelryCeleb
In addition to the approval of changes in its code of ethics needed to complete the integration process GJEPC as a member of the World Federation of Diamond Bourses (WFDB), the meeting was also approved the establishment of the Disciplinary Board of Trade (Trade Disciplinary Committee, TDC), together with the Indian Diamond Exchange (Bharat diamond Bourse, BDB) and the Association of diamond dealers and diamond Bombay (Mumbai diamond merchants Association, MDMA) .
The TDC, which consists of 21 members, will consider the issues of illegal activities related to trafficking in precious stones and jewelry, classified as fraud, as well as to transactions with undisclosed synthetic diamonds. Discussions will also be false and incorrect marking of precious stones and jewelery; non-compliance and / or violation of business practices (including financial disputes), customs and ethics; questions relating to the bankruptcy of persons in the trade; and other problems that are related to the field of TDC activity, and that the new body jewelry industry sees fit to discuss.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) also proposes to use the demonetization as an opportunity to gems and jewelery industry of India was able to work in an organized manner and to introduce a system of non-cash payment.
http://feeds.feedburner.com/PearlJewelryCeleb
Bonhams Head of Unit informed that at auctions during 2016 the company managed to sell the best jewelry, who received recognition for aesthetics and not the weight of precious stones. In her opinion, this trend will continue in 2017.
Portal GEMKonnect quoted Gina Ghica (Jean Ghika), director of the jewelry department at Bonhams UK and Europe, who said that the jewelry are increasingly seen as an art form in its own category, and is no longer perceived only as luxuries. Modern and trendy jewelry designers are turning to collectors who want to create a collection of jewelry similar to the collection of contemporary art.
She adds that the modern jewelry design strong and courageous, often handmade, have a price higher than the materials from which they are made. These products are often made in a single copy, or are produced in very small quantities, and their exclusivity increases their desirability.
Outlining his predictions about what will be the main trend in the jewelry auction market in 2017, Ghica believes that women will continue to make their own jewelry purchases during 2017. She says that, according to Bonhams, more and more women are buying jewelry for fun, as an investment or as a way to spend your hard-earned bonuses. Buyers, women accounted for 28% of all customers in the Bonhams auction of jewelry in 2016 compared to 24% in 2011.
Boom also said that buyers from the East will continue to drive demand for exceptional gems and jewelry.
http://feeds.feedburner.com/GiftJewelryPearl
Portal GEMKonnect quoted Gina Ghica (Jean Ghika), director of the jewelry department at Bonhams UK and Europe, who said that the jewelry are increasingly seen as an art form in its own category, and is no longer perceived only as luxuries. Modern and trendy jewelry designers are turning to collectors who want to create a collection of jewelry similar to the collection of contemporary art.
She adds that the modern jewelry design strong and courageous, often handmade, have a price higher than the materials from which they are made. These products are often made in a single copy, or are produced in very small quantities, and their exclusivity increases their desirability.
Outlining his predictions about what will be the main trend in the jewelry auction market in 2017, Ghica believes that women will continue to make their own jewelry purchases during 2017. She says that, according to Bonhams, more and more women are buying jewelry for fun, as an investment or as a way to spend your hard-earned bonuses. Buyers, women accounted for 28% of all customers in the Bonhams auction of jewelry in 2016 compared to 24% in 2011.
Boom also said that buyers from the East will continue to drive demand for exceptional gems and jewelry.
http://feeds.feedburner.com/GiftJewelryPearl
Christie's announced the appointment of Giyoma Cherutti (Guillaume Cerutti) its new CEO since January 1, 2017.
He will Barbizet Patricia (Patricia Barbizet), which remained in this position for two years, and which will take on the role of Deputy Chairman.
Cerutti is currently the head of the auction house operations across Europe, the Middle East, Russia and India.
Barbizet worked as a senior leader in the segment of auctions of art products for over a decade, as well as "cultural industries" for more than 20 years. He left Sotheby's and Christie's has joined the team in September 2015.
Global executive team Christie's leadership does not change, and Stiven Bruks (Stephen Brooks) will continue to operate it as a deputy chief executive officer to oversee all operational aspects of the business.
Shake in the auction house guide against the background of a difficult situation in this area, as sales have been under pressure in 2016 and the largest number of lots failed to find buyers or to achieve the stated price due to the ongoing global economic uncertainty.
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He will Barbizet Patricia (Patricia Barbizet), which remained in this position for two years, and which will take on the role of Deputy Chairman.
Cerutti is currently the head of the auction house operations across Europe, the Middle East, Russia and India.
Barbizet worked as a senior leader in the segment of auctions of art products for over a decade, as well as "cultural industries" for more than 20 years. He left Sotheby's and Christie's has joined the team in September 2015.
Global executive team Christie's leadership does not change, and Stiven Bruks (Stephen Brooks) will continue to operate it as a deputy chief executive officer to oversee all operational aspects of the business.
Shake in the auction house guide against the background of a difficult situation in this area, as sales have been under pressure in 2016 and the largest number of lots failed to find buyers or to achieve the stated price due to the ongoing global economic uncertainty.
http://feeds.feedburner.com/BridalPearls
Alrosa announces the release of an underground mine "Mir" at full capacity. In late December, was produced one million tons of diamond ore. When such amounts can be field work for about 50 years.
"Mir" pipe for Russia - a landmark field. It is here in the middle of the last century began commercial production of diamonds. Since 2001, open cast mining was discontinued, but the work will continue - now on the construction of the mine. Implemented at the mine project "dry conservation" entered the world history of the mining industry: to prevent the ingress of water in underground workings - which is about 1200 cubic meters of highly mineralized brines per hour - at the bottom of the inactive quarry in 2004 laid a waterproof film, top otsypali drainage bag, close special tunnel established powerful pumps.
The first diamonds from the underground mine were received in 2009. Today, the mine "Mir" - a five aquifers; 800 people work enterprise. Diamonds on the "World" is now mined in elevations of -210 to -615 meters: it borders generating a first start-up complex. Mine output of the production capacity was the main event of the 2016 production for the company ALROSA. Now it will annually produce crystals for $ 400 million.
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Lucara Diamond Corp. It plans to sell the 1109-carat diamond Lesedi La Rona during the first half of 2017. In June, the company failed to find a buyer for this well-known rough diamond at auction.
Diamond could not reach the expected price of $ 70 million at auction Sotheby's, as the highest rate on it was $ 61 million.
The stone, which is the second largest of the rough diamond ever produced by man, is currently undergoing tests to determine the most appropriate way to cut. Lucara expects that the analysis will be completed in the middle of the first kvartala2017 years before it initiates another stone sales process.
Stone will not be re-presented at the auction, said President and CEO of Lucara Uilyam Lemb (William Lamb) in a letter to Rapaport News.
"We have not yet determined the best mechanism for sales This is not an auction." - Lamb said. The most likely format is a single purchase offer to be accepted or rejected, added Lamb. He also ruled out a partnership with another company, as it has done in the sale of 813-carat diamond of Constellation, when Lucara received a 10 percent share of the sale of the finished diamond.
"By the stone continues to show interest in a significant number of people - he says -. Only the diamantaires that directly asked to sell them a stone, the data will be transferred to the exclusive sale We do not forecast a time when this will happen, but there is hope. that we will be able to complete its sale in the first half of 2017. "
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Diamond could not reach the expected price of $ 70 million at auction Sotheby's, as the highest rate on it was $ 61 million.
The stone, which is the second largest of the rough diamond ever produced by man, is currently undergoing tests to determine the most appropriate way to cut. Lucara expects that the analysis will be completed in the middle of the first kvartala2017 years before it initiates another stone sales process.
Stone will not be re-presented at the auction, said President and CEO of Lucara Uilyam Lemb (William Lamb) in a letter to Rapaport News.
"We have not yet determined the best mechanism for sales This is not an auction." - Lamb said. The most likely format is a single purchase offer to be accepted or rejected, added Lamb. He also ruled out a partnership with another company, as it has done in the sale of 813-carat diamond of Constellation, when Lucara received a 10 percent share of the sale of the finished diamond.
"By the stone continues to show interest in a significant number of people - he says -. Only the diamantaires that directly asked to sell them a stone, the data will be transferred to the exclusive sale We do not forecast a time when this will happen, but there is hope. that we will be able to complete its sale in the first half of 2017. "
http://feeds.feedburner.com/ClassicalPearl
New York-based company Almod Diamonds expand production of its patented cut diamonds under the name Crown of Light, opening a new cutting and polishing center in the Northwest Territories of Canada in the next year.
Almod, a subsidiary of the retailer Diamonds International, said that the plant area of 12,000 square feet in Yellowknife will be created. The building, which was previously used Tiffany & Co., will be the fourth production base Almod, in addition to businesses in New York, Namibia and Ukraine.
The planned expansion is due to the success of the 90-facet cut company said in Almod. "The opening of another plant to cut Crown of Light shows the strength of the demand for the diamond brand," - said in a statement.
Almod, sightholder De Beers, will have access to the raw stone mined in the region, through the new status of an approved producer of diamonds in the Northwest Territories.
"The diamond cut is the one that creates new jobs and economic opportunities in the diamond-producing countries around the world - explained Uelli Shuman (Wally Schumann), Minister of Industry, Tourism and Investment of the Northwest Territories -. Agreement with our miners already ensure that rough diamonds will be available for local producers of diamonds in the Northwest territories. "
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Almod, a subsidiary of the retailer Diamonds International, said that the plant area of 12,000 square feet in Yellowknife will be created. The building, which was previously used Tiffany & Co., will be the fourth production base Almod, in addition to businesses in New York, Namibia and Ukraine.
The planned expansion is due to the success of the 90-facet cut company said in Almod. "The opening of another plant to cut Crown of Light shows the strength of the demand for the diamond brand," - said in a statement.
Almod, sightholder De Beers, will have access to the raw stone mined in the region, through the new status of an approved producer of diamonds in the Northwest Territories.
"The diamond cut is the one that creates new jobs and economic opportunities in the diamond-producing countries around the world - explained Uelli Shuman (Wally Schumann), Minister of Industry, Tourism and Investment of the Northwest Territories -. Agreement with our miners already ensure that rough diamonds will be available for local producers of diamonds in the Northwest territories. "
http://digg.com/u/jetjewelry
President of the Joint Stock Company "ALROSA" (PAO) Andrei Zharkov took part in the meeting of the Head of the Republic of Sakha (Yakutia) Egor Borisov on summarizing the preliminary results of financial and economic activities of miners. In addition, Zharkov signed a new collective agreement with the trade union of workers of the diamond industry "Profalmaz".
During the meeting with the leadership of the Republic of Yakutia discussed the preliminary results of ALROSA for 2016 and its tasks for 2017. The parties also elaborated on the implementation of the agreement on social and economic development of the region.
Also discussed issues of cooperation in creating favorable conditions for development of small and medium-sized businesses, in particular, they discussed the measures to support the jewelry case and the timber industry.
Meanwhile, the new treaty, which regulates the relationship between the management of ALROSA and the workforce of the company, was signed by President of ALROSA Andrei Zharkov and chairman of trade union "Profalmaz" Mothra Scriabin. The new contract will run until 2019, the year all the major benefits and guarantees for employees of "ALROSA" retained in full.
http://feeds.feedburner.com/WeddingPearls
During the meeting with the leadership of the Republic of Yakutia discussed the preliminary results of ALROSA for 2016 and its tasks for 2017. The parties also elaborated on the implementation of the agreement on social and economic development of the region.
Also discussed issues of cooperation in creating favorable conditions for development of small and medium-sized businesses, in particular, they discussed the measures to support the jewelry case and the timber industry.
Meanwhile, the new treaty, which regulates the relationship between the management of ALROSA and the workforce of the company, was signed by President of ALROSA Andrei Zharkov and chairman of trade union "Profalmaz" Mothra Scriabin. The new contract will run until 2019, the year all the major benefits and guarantees for employees of "ALROSA" retained in full.
http://feeds.feedburner.com/WeddingPearls
Thai Association of dealers in precious stones and jewelery (Thai Gem and Jewelry Traders Association, TGJTA) said that Thai Jewelry Fair Thailand Gems & Jewelry Fair will be held from 15 to 18 June at the Exhibition Center in Muang Thong Thani Bangkok.
President TGJTA Suttipong Damrongsakul (Suttipong Damrongsakul) said: "We are quite confident that this step will allow us to provide great benefits and a much better fair to our members and the Thai jewelry industry feedback from Thai and international exhibitors, as well as support from the visitors was. extraordinary. The fair will also allow the gems and jewelery trade to develop in a more vibrant and dynamic environment. "
Thailand Gems & Jewelry Fair 2017 will offer Thai ornaments variety of price ranges and styles of rare, high-quality colored gemstones, delicately worked gold and silver. The exhibition will be open to Thai and international companies as well as the general public. It will be held on an area of 20,000 square meters, and take 1,000 companies from around the world. Organizers expect more than 30,000 visitors who will take part in this event.
http://feeds.feedburner.com/RoyalPearls
President TGJTA Suttipong Damrongsakul (Suttipong Damrongsakul) said: "We are quite confident that this step will allow us to provide great benefits and a much better fair to our members and the Thai jewelry industry feedback from Thai and international exhibitors, as well as support from the visitors was. extraordinary. The fair will also allow the gems and jewelery trade to develop in a more vibrant and dynamic environment. "
Thailand Gems & Jewelry Fair 2017 will offer Thai ornaments variety of price ranges and styles of rare, high-quality colored gemstones, delicately worked gold and silver. The exhibition will be open to Thai and international companies as well as the general public. It will be held on an area of 20,000 square meters, and take 1,000 companies from around the world. Organizers expect more than 30,000 visitors who will take part in this event.
http://feeds.feedburner.com/RoyalPearls
Dubai's famous Gold Souk specialized shopping center noted an almost complete lack of visitors and buyers of jewelry from India. In a good year deal with them could bring about 15% - 20% of sales of Gold Souk, and even more in terms of gold prices fall, according to the Gulf News report.
For the operators of a shop in Souk strike by the demonetization it was extremely heavy. Although gold trading center of some compensation provided more rapid growth of Chinese gold buyers in recent weeks. But this is not Indian visitors levels, and, in addition, Chinese consumers prefer products made of 18-carat, rather than 22-karat gold.
"Beyond the Gold Souk shops in areas such as Bur Dubai, also showed a decrease in buying interest from Indian visitors - said Siryak Varghese (Cyriac Varghese), CEO of Sky Jewellery -. What you see here is a complete mirror reflecting a sharp reduction in gold sales in India from November 8, when it was announced the demonetization. "
Indian demand for gold could fall further in the event that the government is still stepping up its actions against unrecorded income, to obtain tax on what is hidden in the banking cells throughout India.
Indian exchangers also can not help those who have remained in the hands of the old banknotes. The group company Joyalukkas said: "Currently, we do not accept and do not exchange any banknotes, coming out of a turn, taking into account the guidelines to be followed when the demonetization and we are closely monitoring the situation."
http://feeds.feedburner.com/PearlJeweller
For the operators of a shop in Souk strike by the demonetization it was extremely heavy. Although gold trading center of some compensation provided more rapid growth of Chinese gold buyers in recent weeks. But this is not Indian visitors levels, and, in addition, Chinese consumers prefer products made of 18-carat, rather than 22-karat gold.
"Beyond the Gold Souk shops in areas such as Bur Dubai, also showed a decrease in buying interest from Indian visitors - said Siryak Varghese (Cyriac Varghese), CEO of Sky Jewellery -. What you see here is a complete mirror reflecting a sharp reduction in gold sales in India from November 8, when it was announced the demonetization. "
Indian demand for gold could fall further in the event that the government is still stepping up its actions against unrecorded income, to obtain tax on what is hidden in the banking cells throughout India.
Indian exchangers also can not help those who have remained in the hands of the old banknotes. The group company Joyalukkas said: "Currently, we do not accept and do not exchange any banknotes, coming out of a turn, taking into account the guidelines to be followed when the demonetization and we are closely monitoring the situation."
http://feeds.feedburner.com/PearlJeweller
De Beers announced that it will start flooding their mines Snap Lake (Snap Lake) in Canada in January.
The company has received regulatory approval for the project of flooding earlier this year. De Beers tried to sell the mine, but could not reach agreement with potential buyers.
De Beers said it plans to keep the resource Snap Lake as market conditions and technical innovations will not allow the mine to operate more economically. The program extended care and maintenance will maintain long-term viability of the ore body and reduce costs, while minimizing impact on the environment and preserving the Snap Lake in the state of rest, the company added.
At the same time, De Beers withdrew from the joint venture with CanAlaska Uranium exploration of diamonds in West Athabasca in the Canadian province of Saskatchewan. The drilling program, undertaken by De Beers in September, helped found seven anomalies that are likely to be associated with magnetic minerals within the organic material in the coating layer, according to CanAlaska.
However, currently underexplored region of Western Athabasca still are of interest in terms of the search for diamonds in claim CanAlaska.
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The company has received regulatory approval for the project of flooding earlier this year. De Beers tried to sell the mine, but could not reach agreement with potential buyers.
De Beers said it plans to keep the resource Snap Lake as market conditions and technical innovations will not allow the mine to operate more economically. The program extended care and maintenance will maintain long-term viability of the ore body and reduce costs, while minimizing impact on the environment and preserving the Snap Lake in the state of rest, the company added.
At the same time, De Beers withdrew from the joint venture with CanAlaska Uranium exploration of diamonds in West Athabasca in the Canadian province of Saskatchewan. The drilling program, undertaken by De Beers in September, helped found seven anomalies that are likely to be associated with magnetic minerals within the organic material in the coating layer, according to CanAlaska.
However, currently underexplored region of Western Athabasca still are of interest in terms of the search for diamonds in claim CanAlaska.
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Monday, June 12, 2017
DiamondCorp said its net loss for the six month period ended June 30, 2016, amounted to 247,221 pounds sterling, compared with 3.159 million pounds in the same period in 2015, after adjusting for exchange rate South African rand, which led to its strengthening.
The company is having trouble junior said its administrative expenses for this period increased to 0.893 million pounds to 0.672 million pounds a year earlier.
"The increase is primarily due to changes in terms of payment of remuneration to auditors, as well as with additional administrative costs, as the company moves from preparatory work to the production", - said in its statement.
Cash DiamondCorp funds to 30 June 2016 amounted to 0.108 million pounds. However, after the reporting period, the company managed to score another 2.0 million pounds by issuing shares.
Diamond Mine Lace (Lace) DiamondCorp companies in South Africa was transferred to the business management mode after the adverse weather conditions in the last year.
Nevertheless, the company has attempted to junior mine refinance through placement of shares and debt restructuring.
http://www.feedlisting.com/rss-feed-url/898217.html
The company is having trouble junior said its administrative expenses for this period increased to 0.893 million pounds to 0.672 million pounds a year earlier.
"The increase is primarily due to changes in terms of payment of remuneration to auditors, as well as with additional administrative costs, as the company moves from preparatory work to the production", - said in its statement.
Cash DiamondCorp funds to 30 June 2016 amounted to 0.108 million pounds. However, after the reporting period, the company managed to score another 2.0 million pounds by issuing shares.
Diamond Mine Lace (Lace) DiamondCorp companies in South Africa was transferred to the business management mode after the adverse weather conditions in the last year.
Nevertheless, the company has attempted to junior mine refinance through placement of shares and debt restructuring.
http://www.feedlisting.com/rss-feed-url/898217.html
Lucara Diamond reported that in the course of the second program of taking gross mini samples on site BK02 in Botswana, she learned 309.79 carats from 5,021 tonnes of kimberlite and diamond content in the sample was 6.2 carats per hundred tonnes.
According to the company, the largest diamond recovered weighed 4.56 carats and was in the form of an octahedron of white-gray color.
"The results of the second program of taking gross mini samples on BK02 area are very encouraging, indicating an improvement in diamond and confirming the presence of a large sample size to BK02 area - said the CEO of Lucara Uilyam Lemb (William Lamb). - United Party diamond samples for preliminary valuation of rough diamonds, which we expect to be able to put on the market in the second quarter of 2017. During the next phase of the study on BK02 we have to understand the volume of diamond content and size distribution at depth. "
The resulting diamonds will be transferred to an independent evaluation in the second half of the year. The drilling program of large diameter wells in the area BK02 is at an advanced stage of planning, and at the same time the process of preparing the tender for these works.
In the second quarter, the company expects to receive the first materials for the pilot drilling program.
Lucara reported that the program of deep drilling at the mine cars (Karowe) within kimberlite AK06 was completed in the first quarter of this year.
The program was designed to increase confidence in the geological model of the southern ridge AK06 kimberlite and to provide sufficient data and materials to update information about the resource field, which will be used to explore options for the development of underground mine cars.
http://www.feedlisting.com/rss-feed-url/898218.html
According to the company, the largest diamond recovered weighed 4.56 carats and was in the form of an octahedron of white-gray color.
"The results of the second program of taking gross mini samples on BK02 area are very encouraging, indicating an improvement in diamond and confirming the presence of a large sample size to BK02 area - said the CEO of Lucara Uilyam Lemb (William Lamb). - United Party diamond samples for preliminary valuation of rough diamonds, which we expect to be able to put on the market in the second quarter of 2017. During the next phase of the study on BK02 we have to understand the volume of diamond content and size distribution at depth. "
The resulting diamonds will be transferred to an independent evaluation in the second half of the year. The drilling program of large diameter wells in the area BK02 is at an advanced stage of planning, and at the same time the process of preparing the tender for these works.
In the second quarter, the company expects to receive the first materials for the pilot drilling program.
Lucara reported that the program of deep drilling at the mine cars (Karowe) within kimberlite AK06 was completed in the first quarter of this year.
The program was designed to increase confidence in the geological model of the southern ridge AK06 kimberlite and to provide sufficient data and materials to update information about the resource field, which will be used to explore options for the development of underground mine cars.
http://www.feedlisting.com/rss-feed-url/898218.html
Company I. Hennig Tenders 13-16 March 2017 will hold three tender for the sale of rough diamonds in the International Tender Center (International Tender Center) Israel Diamond Exchange (Israel Diamond Exchange, IDE). View diamond will be conducted by appointment, IDE reports.
On the first tender will be offered two yellow diamond weighing 77.54 and 38.88 carats mined at Superkolong company enterprise processing diamond tailings in Kimberley (South Africa). In the second tender for sale will be put conditioned ashlar weighing 10.80 carats of Russian origin from Gokhran. The third tender will provide customers a wide range of single rough stones weighing from 5 to 15 carats.
Yoram u'Dvash (Yoram Dvash), IDE president, said: "We are delighted to once again take the company I. Henning International Tender Center. Our goal with the opening of the center was to be carried out in Israel over tenders for the sale of diamonds. It is obvious that this is a win-win situation for the companies bidding for the exchange. "
CEO of I. Hennig Tenders Kuchler David (David Kuchler) said: "The upcoming auction offer of rough diamonds to Israeli customers the ability to view and offer diamonds at your local market. International tender center makes it convenient for us. "
http://www.feedlisting.com/rss-feed-url/898219.html
On the first tender will be offered two yellow diamond weighing 77.54 and 38.88 carats mined at Superkolong company enterprise processing diamond tailings in Kimberley (South Africa). In the second tender for sale will be put conditioned ashlar weighing 10.80 carats of Russian origin from Gokhran. The third tender will provide customers a wide range of single rough stones weighing from 5 to 15 carats.
Yoram u'Dvash (Yoram Dvash), IDE president, said: "We are delighted to once again take the company I. Henning International Tender Center. Our goal with the opening of the center was to be carried out in Israel over tenders for the sale of diamonds. It is obvious that this is a win-win situation for the companies bidding for the exchange. "
CEO of I. Hennig Tenders Kuchler David (David Kuchler) said: "The upcoming auction offer of rough diamonds to Israeli customers the ability to view and offer diamonds at your local market. International tender center makes it convenient for us. "
http://www.feedlisting.com/rss-feed-url/898219.html
The Board of Directors of the company Namib Desert Diamonds (Namdia), which was established in May last year after the conclusion of a new agreement for the sale and marketing with De Beers, apparently disagreed on the question of who should be appointed its chief executive officer.
State company responsible for the sale of Namibian diamonds in the amount of 2 billion Namibian dollars (US $ 154 million.) Per year.
The newspaper The Namibian reported that the company had "two camps", one of which supports the appointment of Alex Gavanaba (Alex Gawanab), who is now director of business improvement in the company Swakop Uranium, and the other in favor of the appointment of Kennedy Hamutenya (Kennedy Hamutenya) , Acting Director General Namdia and, in addition, the incumbent Commissioner of Namibia diamond.
Chairman Namdia Macizo Shakespeare (Shakespeare Masiza) declined to name the candidate recommended by the Minister of Energy Votive Kandzhoze (Obeth Kandjoze).
However, unnamed sources cited by the newspaper, claimed that the post of head of Namdia was chosen Gavanab.
The newspaper also reported that the leadership of the company Deloitte conducted a survey of candidates in November last year and informed the board that Hamutenya took the results of the first place; followed by former engineer Namdeb Vicus Burger (Wicus Burger) and then to Gavanab.
Last year Namdia company accused of underestimating the country's diamonds. However, the Minister of Energy and Mines Kandzhoze Affairs dismissed the allegations as baseless.
http://www.feedlisting.com/rss-feed-url/898220.html
State company responsible for the sale of Namibian diamonds in the amount of 2 billion Namibian dollars (US $ 154 million.) Per year.
The newspaper The Namibian reported that the company had "two camps", one of which supports the appointment of Alex Gavanaba (Alex Gawanab), who is now director of business improvement in the company Swakop Uranium, and the other in favor of the appointment of Kennedy Hamutenya (Kennedy Hamutenya) , Acting Director General Namdia and, in addition, the incumbent Commissioner of Namibia diamond.
Chairman Namdia Macizo Shakespeare (Shakespeare Masiza) declined to name the candidate recommended by the Minister of Energy Votive Kandzhoze (Obeth Kandjoze).
However, unnamed sources cited by the newspaper, claimed that the post of head of Namdia was chosen Gavanab.
The newspaper also reported that the leadership of the company Deloitte conducted a survey of candidates in November last year and informed the board that Hamutenya took the results of the first place; followed by former engineer Namdeb Vicus Burger (Wicus Burger) and then to Gavanab.
Last year Namdia company accused of underestimating the country's diamonds. However, the Minister of Energy and Mines Kandzhoze Affairs dismissed the allegations as baseless.
http://www.feedlisting.com/rss-feed-url/898220.html
After the arrest of suspected terrorists LIH members of Saurashtra Mahidharpura diamond market in Surat, where daily transactions with precious stones in the tens of millions of rupees, a rapid response team of the city police was created. In this market, many couriers operate (so-called "Angad") carrying gems and money involved in major transactions.
At a meeting with the police commissioner Satish Sharma city (Satish Sharma) representatives of the diamond industry to ensure the safety required. "Because the request to ensure the safety of the diamond market in Mahidarpure is important, we have decided to deploy a rapid reaction group. Rapid Response Team will be located at the police station Mahidharpura diamond market ", - said Sharma.
In the group of quick response will be five policemen armed with carbines and machine guns to repel armed attacks. They will wear bulletproof vests and be at the police station, along with full-time staff.
http://www.feedlisting.com/rss-feed-url/898222.html
At a meeting with the police commissioner Satish Sharma city (Satish Sharma) representatives of the diamond industry to ensure the safety required. "Because the request to ensure the safety of the diamond market in Mahidarpure is important, we have decided to deploy a rapid reaction group. Rapid Response Team will be located at the police station Mahidharpura diamond market ", - said Sharma.
In the group of quick response will be five policemen armed with carbines and machine guns to repel armed attacks. They will wear bulletproof vests and be at the police station, along with full-time staff.
http://www.feedlisting.com/rss-feed-url/898222.html
Sociedade Mineira Do Lulo (SML), a company owned by Lucapa Diamond, Endiama and Rosas & Petalas, sold 1,552 carats of diamonds from the Project Lulo (Lulo) in Angola for $ 6.9 million.
The average price per carat of $ 4446, highlighting the quality of the diamond resources of the project and the continued strength of the market of large and high-quality stones, said in Lucapa.
"Thus, the total gross proceeds to the Lulo achieved to date in 2017 was $ 10.7 million," - added to the company.
"[We are] pleased to celebrate another milestone whereby all sales of diamonds from Lulo far exceeded the 100 million Australian dollars", - continued Lucapa.
Recent bids included a diamond weighing 227 carats, D color type IIa, produced in February 2017 on a new mining unit 28 at Lulo.
Lucapa holds a 40 percent stake in SML, as well as leading the development of alluvial land.
SML gets larger diamonds of high value to current operations alluvial mining at Lulo.
As part of these trades SML intends to sell diamonds weighing 62 carats, 65 carats and 25 carats.
https://del.icio.us/pearlsonline
The average price per carat of $ 4446, highlighting the quality of the diamond resources of the project and the continued strength of the market of large and high-quality stones, said in Lucapa.
"Thus, the total gross proceeds to the Lulo achieved to date in 2017 was $ 10.7 million," - added to the company.
"[We are] pleased to celebrate another milestone whereby all sales of diamonds from Lulo far exceeded the 100 million Australian dollars", - continued Lucapa.
Recent bids included a diamond weighing 227 carats, D color type IIa, produced in February 2017 on a new mining unit 28 at Lulo.
Lucapa holds a 40 percent stake in SML, as well as leading the development of alluvial land.
SML gets larger diamonds of high value to current operations alluvial mining at Lulo.
As part of these trades SML intends to sell diamonds weighing 62 carats, 65 carats and 25 carats.
https://del.icio.us/pearlsonline
ALROSA present apparatus for the detection of synthetic and treated diamonds and jewelry Gemological Mediterranean Conference (Mediterranean Gem and Jewellery Conference) in May.
ALROSA's new device is able to identify natural and synthetic diamonds, ennobled stones and imitation, according to the statement of ALROSA.
At the Mediterranean Conference representative of ALROSA Sergey Terentiev talk about the new device.
President of ALROSA Andrei Zharkov said: "As a leading global producer of natural diamonds, ALROSA largely cares about its customers and pays great attention to the protection of the natural diamond market from the influx of refined and synthetic stones and diamond imitations I propose to reflect on the need. creating a unified industry standards to identify synthetic and treated diamonds. This will increase consumer confidence in the results of the detection of stones and a variety of devices and anufacture participants in the diamond market, namely by diamond mining companies, international gemological laboratories. "
Alrosa is the main partner of Mediterranean jewelery and gemological conference.
https://del.icio.us/pearlsonline
ALROSA's new device is able to identify natural and synthetic diamonds, ennobled stones and imitation, according to the statement of ALROSA.
At the Mediterranean Conference representative of ALROSA Sergey Terentiev talk about the new device.
President of ALROSA Andrei Zharkov said: "As a leading global producer of natural diamonds, ALROSA largely cares about its customers and pays great attention to the protection of the natural diamond market from the influx of refined and synthetic stones and diamond imitations I propose to reflect on the need. creating a unified industry standards to identify synthetic and treated diamonds. This will increase consumer confidence in the results of the detection of stones and a variety of devices and anufacture participants in the diamond market, namely by diamond mining companies, international gemological laboratories. "
Alrosa is the main partner of Mediterranean jewelery and gemological conference.
https://del.icio.us/pearlsonline
According to the US Census Bureau, sales in specialized stores rose jewelry US in 2016 by 3.8%, for up to $ 31.43 billion after a sharp increase in the year-end.
Sales in December surged 7% to $ 6.21 billion, according to preliminary data.
Meanwhile, last year in the same period, only 4.8 per cent increase in jewelry sales was observed in all outlets, according to the individual according to the Bureau of Economic Analysis.
These data contrast with the more cautious figures given CEO of De Beers, Bruce Cleaver (Bruce Cleaver), who said in January that retail jewelry sales rose by only 0.4% in the US over the past year. In December, independent jewelers revenues grew by 1.4%, while total sales increased by 0.7%, Cleaver said, citing data Mastercard Spending Pulse.
Meanwhile, the jewelry consumer price index in January rose by 5% compared to the previous month and increased by 3.7% year on year, according to the latest data from the Bureau of Labor Statistics. Prices of hours increased by 5% in January compared to December, and by 5.4% compared with the previous year, while the prices of jewelery and watches rose by 5% compared to the previous month and 4% on an annualized basis. Changes in prices were not adjusted for seasonal variations.
http://www.feedlisting.com/rss-feed-url/898214.html
Sales in December surged 7% to $ 6.21 billion, according to preliminary data.
Meanwhile, last year in the same period, only 4.8 per cent increase in jewelry sales was observed in all outlets, according to the individual according to the Bureau of Economic Analysis.
These data contrast with the more cautious figures given CEO of De Beers, Bruce Cleaver (Bruce Cleaver), who said in January that retail jewelry sales rose by only 0.4% in the US over the past year. In December, independent jewelers revenues grew by 1.4%, while total sales increased by 0.7%, Cleaver said, citing data Mastercard Spending Pulse.
Meanwhile, the jewelry consumer price index in January rose by 5% compared to the previous month and increased by 3.7% year on year, according to the latest data from the Bureau of Labor Statistics. Prices of hours increased by 5% in January compared to December, and by 5.4% compared with the previous year, while the prices of jewelery and watches rose by 5% compared to the previous month and 4% on an annualized basis. Changes in prices were not adjusted for seasonal variations.
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Ministry of Industry and Information Technology of China seeks to consolidate and upgrade the gold mining industry, reducing the number of miners with more than 600 to 450 and closed by the end of 2020 inefficient enterprises with a total production capacity of 40 tons per year.
According to information published by the official Xinhua news agency, China intends to increase annual gold production to 500 tonnes by the end of the decade, against 450 tonnes at present.
In 2007, China surpassed South Africa and became the world's largest gold producer. The Chinese Ministry expects that the volume of gold production will grow by an average of 3% per year until 2020.
Gold production in China last year grew by less than 1% to 453.5 tons.
Meanwhile, global demand for gold has increased by 2% to 4309 tonnes in 2016, according to the World Gold Council (World Gold Council, WGC).
China is both a leader in the production of gold and a number of other minerals, and a leader in the consumption of metals and minerals.
According to some research organizations, domestic mineral resources and demand are behind the desire of China to purchase foreign mining projects. It is noteworthy that the ratio of production to their own gold reserves in China is 23.5%. In 2013, China became the world's largest gold market, and this metal consumption in the country amounted to 1132 tons. Despite the fact that since then, gold consumption in China decreased its volume still is about 1000 tons per year.
http://www.feedlisting.com/rss-feed-url/898215.html
According to information published by the official Xinhua news agency, China intends to increase annual gold production to 500 tonnes by the end of the decade, against 450 tonnes at present.
In 2007, China surpassed South Africa and became the world's largest gold producer. The Chinese Ministry expects that the volume of gold production will grow by an average of 3% per year until 2020.
Gold production in China last year grew by less than 1% to 453.5 tons.
Meanwhile, global demand for gold has increased by 2% to 4309 tonnes in 2016, according to the World Gold Council (World Gold Council, WGC).
China is both a leader in the production of gold and a number of other minerals, and a leader in the consumption of metals and minerals.
According to some research organizations, domestic mineral resources and demand are behind the desire of China to purchase foreign mining projects. It is noteworthy that the ratio of production to their own gold reserves in China is 23.5%. In 2013, China became the world's largest gold market, and this metal consumption in the country amounted to 1132 tons. Despite the fact that since then, gold consumption in China decreased its volume still is about 1000 tons per year.
http://www.feedlisting.com/rss-feed-url/898215.html
In Monday, March 13, can be held session of the Supervisory Board of ALROSA, which will consider the question of the appointment of Sergeya Ivanova the president of the company. This is reported with reference to its sources.
Russian Prime Minister Dmitry Medvedev signed a directive on the appointment of Sergeya Ivanova the head of ALROSA and at a meeting with Sergeem Ivanovym March 6 wished him success in the work, noting that Alrosa is the world's largest diamond producer and is of systemic importance to Russia, and in particular , for the development of the Far East.
"We need to work actively in all industrial and economic programs with the government, with the Ministry of Finance, to build a full-fledged relations with regional authorities, because the company has an unconditional value, and for most of the Sakha Republic (Yakutia). All these factors need to be put in your set of priorities as the head of the company ", - said the prime minister.
ALROSA - the world's largest rough diamond producer by volume in carats. The company has been producing at its mines in the Republic of Sakha (Yakutia) in the Arkhangelsk region. Sales of rough diamonds ALROSA in 2016 reached 40.1 million carats, an increase over the previous year to 10.1 million carats. At the same time it reduced the production of ALROSA rough diamonds from 38.3 million carats in 2015 to 37.2 million carats in 2016. By 2019 the company plans to increase diamond production to more than 41 million carats.
http://www.feedlisting.com/rss-feed-url/898216.html
Russian Prime Minister Dmitry Medvedev signed a directive on the appointment of Sergeya Ivanova the head of ALROSA and at a meeting with Sergeem Ivanovym March 6 wished him success in the work, noting that Alrosa is the world's largest diamond producer and is of systemic importance to Russia, and in particular , for the development of the Far East.
"We need to work actively in all industrial and economic programs with the government, with the Ministry of Finance, to build a full-fledged relations with regional authorities, because the company has an unconditional value, and for most of the Sakha Republic (Yakutia). All these factors need to be put in your set of priorities as the head of the company ", - said the prime minister.
ALROSA - the world's largest rough diamond producer by volume in carats. The company has been producing at its mines in the Republic of Sakha (Yakutia) in the Arkhangelsk region. Sales of rough diamonds ALROSA in 2016 reached 40.1 million carats, an increase over the previous year to 10.1 million carats. At the same time it reduced the production of ALROSA rough diamonds from 38.3 million carats in 2015 to 37.2 million carats in 2016. By 2019 the company plans to increase diamond production to more than 41 million carats.
http://www.feedlisting.com/rss-feed-url/898216.html
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