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.
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Council for Vocational Training in the gems and jewelery (Gem & Jewellery Skill Council of India , GJSCI) launched a training program as a first step to support the masters of precious stones and jewelery sector. In addition, the program aims to raise the awareness of its members through educational film shot by the Chamber of Commerce of India in Mumbai.
GJSCI trying by all means to carry out the government program of Prime Minister "The skills of India." The Council has taken steps to train 3.5 million experienced but non-certified workers gems and jewelery sector.
"Professional Development Program is the first step towards possible career choices in this sector of the industry on the other hand, our initiative." Dakshagram "will be a catalyst for the transition sector of precious stones and jewelry from disorganized to an ordered state," - said Prem Kothari (Prem Kothari), head GJSCI.
"Until now, we have been able to prepare more than 80,000 standard and more than 20,000 certified candidates within the framework of training programs In addition, our country needs to take into account the talents possessed by the representatives of the industry of gems and jewelry." - said Binit Bhatt ( Binit Bhatt), representative GJSCI.
Prices for yellow diamonds fell by 1.8% - mainly due to lower prices for stones weighing 1-3 carats
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