Showing posts with label jewelry retail. Show all posts
Showing posts with label jewelry retail. Show all posts

Sunday, October 8, 2017

The word jewellery itself is derived from the word jewel, which was anglicised from the Old French "jouel"

Jewellery (British English) or jewelry (American English)[1] consists of small decorative items worn for personal adornment, such as broochesringsnecklacesearringspendants and bracelets. Jewellery may be attached to the body or the clothes, and the term is restricted to durable ornaments, excluding flowers for example. For many centuries metal, often combined with gemstones, has been the normal material for jewellery, but other materials such as shells and other plant materials may be used. It is one of the oldest type of archaeological artefact – with 100,000-year-old beads made from Nassarius shells thought to be the oldest known jewellery.[2] The basic forms of jewellery vary between cultures but are often extremely long-lived; in European cultures the most common forms of jewellery listed above have persisted since ancient times, while other forms such as adornments for the nose or ankle, important in other cultures, are much less common.
The Daria-i-Noor (meaning: Sea of Light) Diamond from the collection of the national jewels of Iran at Central Bank of Islamic Republic of Iran
Jewellery may be made from a wide range of materials. Gemstones and similar materials such as amber and coralprecious metalsbeads, and shells have been widely used, and enamel has often been important. In most cultures jewellery can be understood as a status symbol, for its material properties, its patterns, or for meaningful symbols. Jewellery has been made to adorn nearly every body part, from hairpins to toe rings, and even genital jewellery. The patterns of wearing jewellery between the sexes, and by children and older people can vary greatly between cultures, but adult women have been the most consistent wearers of jewellery; in modern European culture the amount worn by adult males is relatively low compared with other cultures and other periods in European culture.
The word jewellery itself is derived from the word jewel, which was anglicised from the Old French "jouel",[3] and beyond that, to the Latin word "jocale", meaning plaything. In British EnglishIndian EnglishNew Zealand EnglishHiberno-EnglishAustralian English, and South African English it is spelled jewellery, while the spelling is jewelry in American English.[1] Both are used in Canadian English, though jewelry prevails by a two to one margin. In French and a few other European languages the equivalent term, joaillerie there, may also cover decorated metalwork in precious metal such as objets d'art and church items, not just objects worn on the person.

Wednesday, June 7, 2017

Our overall feeling is that the industry is too focused on sales and not on a real shopping experience

Italian jewelry fair VICENZAORO will make September 24 an international meeting «Mujeres Brillantes» ( «Radiant shine woman" in Spanish), about 500 representatives of the fair sex working in the gold trade sector and diamonds in South America, as well as from Turkey, Spain, Italy, Great Britain and Israel.
Mission «Mujeres Brillantes» is to help women in the sectors of the jewelry and watch industry to consolidate its business in order to exchange skills and experience. «Mujeres Brillantes» elected Italian group exhibition (Italian Exhibition Group, IEG) and VICENZAORO as a platform through a mutual vision of gender equality, respect and attention to women heads of jewelry companies.
«Mujeres Brillantes» formed their association in the second week of the diamond on the sidelines of the World Jewelry Center in Panama (World Jewelry Hub) for the exchange of experience and positioning itself as a united group in the jewelry industry.
"Our overall feeling is that the industry is too focused on sales and not on a real shopping experience, or other internal components. As women, we instinctively understand that the buying process has to be a special and intimate moment, that goes beyond the business transaction, "- says the president of« Mujeres Brillantes »Ali Pastorini (Ali Pastorini).
The aim of the group is not just their own campaigns, and the improvement of the marketing approach and offer a new look at the industry through the eyes of women, according to a press release «Mujeres Brillantes».
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Tuesday, June 6, 2017

Have successfully achieved all the goals

Kennady Diamonds Inc. It has successfully completed a program of the winter sampling for kimberlite Faraday (Faraday) in Canada received 555 tons of ore.
Gross sampling was performed using two large-diameter rig reverse circulation. Samples are processed in laboratories Geoanaliticheskih Saskatchewan Research Council (Saskatchewan Research Council Geoanalytical Laboratories, SRC ).
Drilling for the winter program 2017 started on January 19 and was completed on April 10. A total of 75 wells have been drilled with total length of 8030 meters.
President and CEO of Kennady Diamonds Rori Mur (Rory Moore) commented: "We are pleased to have successfully achieved all the goals of the 2017 winter program, we expect that we will be able to receive more than 1,000 carats of diamonds from three samples, which will facilitate the promotion of kimberlites. Faraday 2 and 3 to the intended resource, and Faraday kimberlite 1 becomes a target for further studies. "
Kennady Diamonds Inc. It controls 100% of the diamond project Kennadti- North (Kennady North), located in the Northwest Territories of Canada. It is adjacent to a diamond mine Gacho Quay (Gahcho Kué), a joint venture between De Beers Canada (51%) and Mountain Province (49%), which began production in late 2016.
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Established a code of ethics

The Israel Diamond Exchange (IDE) has published a code of ethics, written especially for her by the Israeli professor Asa Kasher (Asa Kasher), according to IDI portal.
IDE President Yoram u'Dvash (Yoram Dvash) said: "I am proud that I was the first president of the Diamond Exchange in the world that has established a code of ethics is very well combines IDE path - the path of transparency and clearly written rules.".
At a special signing ceremony in the IDE Professor Kasher said, "The Code of Ethics shows the public in the best possible light - and with the outside, and the inside of the Code of Ethics of the newly defines your personality, and his acceptance of you take responsibility for the entire diamond sector and make. great contribution to the Israeli economy. "
Among those who participated in the creation of a code of ethics, - the president of IDE Yoram u'Dvash, chairman of IDI Shmuel Schnitzer (Shmuel Schnitzer), chairman of the ethical code IDE Asher Dalum, Emma Yanover and members of the stock exchange committee.
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Able to adequately implement their own policies of recruitment

South Africa's National Union of Miners (National Union of Mineworkers, NUM) has accused the leadership of the joint venture Kimberley Ekapa Mining Joint Venture (KEM JV ) racism.
African News Agency quoted union representatives, who stated that the organization was also "very upset and concerned" by the fact that the management of the company blames on NUM leadership.
KEM JV was established in July last year when Petra Diamonds has entered into a joint venture with the diamond company Ekapa Mining in South Africa.
The NUM said that the contractor named one of the union members "baboon", and the company did not want to apply any sanctions as long as the union has not made them do it.
"Another relevant problematic mistreatment NUM leadership, especially its chairman and secretary There is an ulterior motive against them, and the company's management blames on NUM leadership." - said in the organization.
"The company is not able to adequately implement their own policies of recruitment, which is a cause for concern The company is busy hiring people who do not have the appropriate qualifications." - sums up in the NUM.
The organization "United communities affected by mining" (Mining Affected Communities United in Action , Macua) South Africa has accused the company of representatives of Ekapa Kimberly is that it works without the appropriate permits to mine.
Members of Macua claimed they mined diamonds in the land, on which the Ekapa site since 2003, providing an essential source of income for more than 8000 people, who are now "can not pay into the treasury taxes by more than 8 million rand per month" .
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A special exhibition area for the jewelry companies

The June Fair of jewelry and precious stones in Hong Kong, scheduled for June 22-25, this year celebrates the 30th anniversary and presents visitors a variety of exciting attractions, including the CORE Pavilion.
The exhibition, which this year is to raise more than 25,000 local and overseas buyers for the 4 days of its holding in the Hong Kong Exhibition and Conference Center (HKCEC), will launch the CORE Pavilion - a special exhibition area for the jewelry companies that support the exhibition of jewelry and precious stones in Hong Kong for many years, and consider Hong Kong a platform with which they develop their business.
"On this auspicious moment of the CORE debut pavilion, increasing the number of exciting attractions of the exhibition and its business opportunities, - said Wolfram Diener (Wolfram Diener), senior vice president of UBM Asia Ltd. - Some of the best jewelry will be showcased in the pavilion in Hong Kong ".
The CORE pavilion will be presented to 61 exhibitor.
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The main producer of diamonds in Namibia is now Namdeb

Deputy Prime Minister, the presidential envoy in the Far East, Yuri Trutnev, the end of May undertook a working visit to Angola and Namibia. In Angola, in the framework of the visit Trutnev signed an agreement between Alrosa and Endiama of Angola to establish a venture to develop diamond deposits Luaxe (Luashe). In Namibia Trutnev, who co-chairs the Russian-Namibian Intergovernmental Commission, held talks on the expansion of economic cooperation in the development of mineral resource base in the nuclear field, mechanical engineering. In an interview to "Interfax" Trutnev told about the results of his talks with the Namibian authorities.

In order to enhance diamond cutting in Russian ALROSA opened in 2016 Eurasian Diamond Center (EATS) in Vladivostok, which reduced the time required to deliver the products to the two or three days. Indian KGK Group expressed its intention to establish a diamond cutting production in the Far East and said it is willing to invest about 500 million rubles in the construction of cutting and polishing enterprises in Primorye capacity of at least 15 million carats, according to the statements of the Corporation's development of the Far East.

"First you have to create an example of the competitiveness diamond cutting industry in the Russian Federation on the EATS site. Let us show that we can. Then let's see what else you need to establish mechanisms in order to create in Russia more jobs in this area. If we feel that the process of moving, but we need certain measures of state support, we are ready to consider different proposals. You can, for example, from ALROSA to take a little less dividends, but the use of the company's profits to support the cutting and polishing businesses, "- said Trutnev.

Namibian shelf

Asked about the possibility of working in offshore fields, he said: "The interest in this company has. This is an economic issue. I believe that the administrative intervene in such subjects do not need to. It is necessary to calculate how much it cost to ship, what is the content of diamonds in the excavated materials and their possible cost, the payback period of the project. As a result, the attractiveness of the project is compiled pattern. "

"There is only one problem - the content [in the areas of the shelf] are very different, in some areas of the difference in content is almost 100 times. Therefore, the economic analysis will be somewhat rough, "- said Trutnev.

However, Alrosa wary of such projects, said Deputy Prime Minister, it is the acquisition of new equipment and exit to a new kind of production. "They will think now while no decisions have been taken", - he added.

ALROSA also received an offer to cooperate with Namibia in diamond sales, Trutnev said. Acquire for this license and develop deposits necessarily, he said. "There was an offer to work together in terms of sales. We have gone from De Beers for more than 10 years ago, Namibia is now a step-by-step away from De Beers. Why not think about joint initiatives in marketing? This would save money and work more efficiently, "- said Deputy Prime Minister.

The main producer of diamonds in Namibia is now Namdeb (on an equal footing owned De Beers and the Namibian government). Last year, Namdeb produced 1.57 million carats, cut its output by 11%. Nevertheless, the "daughter» Debmarine increased its operations in the offshore Namibia last year.

ALROSA's presence in Africa is now limited to Angola, where the Russian manufacturer owns 33% in the Catoca mine, which occupies the 4th place in the world in terms of production. In late May, an agreement was signed between Alrosa and Endiama of Angola to establish a venture to develop diamond deposits Luaxe (Luashe). Moreover, ALROSA jointly with Botswana Diamonds is engaged in exploration of diamond deposits in Botswana, another region of De Beers's presence, the leading country of the cost of mined diamonds.
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Proposals on personnel training and laboratory services

Gemological Institute of America (Gemological Institute of America, GIA) plans to demonstrate its new M2M TM service to create a digital history of natural diamonds. Also, the Institute will offer a wide range of other services to the JCK Show in Las Vegas.
Service M2M TM tells digital stories of natural diamonds. GIA will also present its new easy-to-use tool to determine mounted and separate natural diamonds, services for colored gemstones, will hold screenings of synthetic diamonds and many others.
Executive Vice President and Chief Scientific Officer GIA Tom Moses (Tom Moses) and researcher at the GIA Dr. Evan Smith (Evan Smith), lead author of a recently published Science magazine article diamond geology, will discuss the latest research of synthetic diamonds GIA and describe the new device detecting GIA synthetics and mounted for individual diamonds.
The GIA added that, as usual, representatives of the Institute at the booth will be available to discuss the proposals on personnel training and laboratory services to companies and professionals in the jewelry industry. They will also be able to share information about educational materials GIA and retailers to support the program.
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To accelerate the exploration program

Lucapa Diamond and its partners have been able to accelerate the exploration program at Lulo kimberlite (Lulo) in Angola after the end of the rainy season, which limited the performance of work in the last two quarters.
A company registered on the stock exchange ASX, said that the presence of additional drilling rigs has also helped to improve the drilling on priority tasks, including sections L13, e14, L15 and L242.
"The main task for us - to find the primary kimberlite source or sources of exceptional alluvial diamonds that we produce at the Lulo is still too early to talk about something specific, we are already seeing very encouraging results in the primary material and in terms of content of indicator minerals." - said the executive director of Lucapa Vezeroll Stephen (Stephen Wetherall).
"Advance Timing Analysis EM data has already led to the discovery of kimberlite pipe L14 in our high-priority area and only 2 km upstream of the mining block 8 (Mining Block 8) on Kakulia River (Caculio)".
According to him, the final analysis and interpretation of the data is expected to further improves the understanding of the existing and identify new targets on which drilling can be carried out this year.
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Learned in testing and putting the project into operation

Diamcor Mining produced a rough diamond of octahedral shape weighing 5.36 carats green during the original processing of ore material ranging in size from 1.0 to 0.45 mm, which is currently underway on the site Krohn-Endora (Krone-Endora) Venice Project ( Venetia) in South Africa.
This diamond was sent to Antwerp, together with other rough stones mined in the framework of current activities on the project.
                                                         
"The value of this untreated green diamond for the company is currently unclear, but given the rarity and the potential high cost of green diamonds, the analysis of the diamond will be held in the coming weeks to help companies determine the best course of action in respect of this stone" - said in Diamcor.
"In some cases, radiation can lead to the fact that the outer surface of the rough diamond is green, as apparently happened with two very small diamonds of lower quality, previously learned in testing and putting the project into operation," - added to the company.
Although the initial analysis may give some idea of green rough diamonds, the company has yet to decide whether to cut and determine whether the diamond retains its green color throughout the entire volume or green color is limited only to the outer surfaces.
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Tuesday, May 30, 2017

The main rival auction house

Christie's failed to sell a necklace with the world's largest flawless diamond heart-shaped color-cut D from ever offered at auction for $ 15 million.
The diamond weighing 92.15 carats, which is part of a necklace, reached an average price of $ 162,611 per carat, which corresponds to its preliminary assessment in the amount of $ 14.1 to $ 20.2 million. The product, called «La Légende», is the creation of high-end jewelry house Boehmer et Bassenge.
Among the other lots sold at the auction -. Ring with diamonds and 15.1-carat oval ruby, gone under the hammer for $ 12.9 million of rectangular-cut diamond is also weighing 7.97 carat fancy intense blue color VS1 purity was sold for $ 12.7 million, or $ 1.6 million per carat.
At the auction Magnificent jewelry (Magnificent Jewels and Noble Jewels) Christie 's revenues reached $ 95 million. A day earlier, the main rival auction house Sotheby's sold the jewelry to the amount of $ 151.5 million in its event in Geneva, and the main lots was a pair of earrings sold for a record $ 57.4 million, or $ 2.9 million per carat.

Average diamond price Leslie tube will be $ 85 per carat

Dominion Diamond Corporation announced resource estimate kimberlite pipe Leslie (Leslie) at the Ekati diamond mine (Ekati).
According to the release Dominion, evaluation tube resources Leslie suggests that it contains 51 million tonnes of rock with a diamond content of 16 million carats, making it the priority of the tubes mine Ekati on which of bulk samples have been received but not yet included in the production plan.
Dominion predicted that approximate the average diamond price Leslie tube will be $ 85 per carat, while the maximum - $ 120 per carat.
The surface area of the tube Leslie reaches about seven acres. The content of diamond in the 680 tons of samples taken at the tube was 224 carats, or about 0.3 carats per ton.
"Tube Leslie is the most high priority among kimberlites, where bulk sampling results that demonstrate the announced resource estimate was prepared," - said Dzhim Govans (Jim Gowans), chairman of the Dominion government.

To improve our understanding of the size and potential

North Arrow Minerals announced the closing of the private placement of shares worth $ 4 million.
The company issued 20 million shares priced at $ 0.25 Canadian dollars per share, each of which consists of one common share in the capital of the company and one warrant to purchase shares.
As part of a private placement Electrum Strategic Opportunities Fund LP and Ross Beaty made an investment of $ 2 million each, or a total of $ 4 million, which will give each of them the right to receive 19.01% of the shares North Arrow.
Cash proceeds from the placement will be used to supplement the general working capital of the company and the financing of the ongoing assessment of Canadian exploration facilities, including research programs on projects Naudzhaat (Naujaat) and Mel (Mel) in the Northwest Territories, which is expected to begin in June.
Ken Armstrong (Ken Armstrong), President and CEO of North Arrow, said that the private placement "allows North Arrow to complete the drilling program and summer sampling of kimberlite Q1-4 in the fully owned company Naudzhaat project in Nunavut."
He continues: "The program aims to improve our understanding of the size and potential of Q1-4 and diamond size distribution and value characteristics."

Related to the purity of the highest category

At the spring auction of Magnificent and Noble jewelery (Magnificent Jewels and Noble Jewels) Sotheby 's in Geneva, a pair of earrings with diamonds for $ 57 mln. Was sold
Earrings "Apollo" and "Artemis" (Apollo and Artemis) are made of fancy bright blue and fantasy intensity pink diamonds.
"Apollo Blue" weighs 14.54 carats and is related to the purity of the highest category - without any internal or external defects. Its physical type IIb is so rare that belong to it only to 0.5% gem diamonds produced in the world. Its uniqueness lies in the fact that you can meet the world's only 0.1% of natural diamonds blue. The sale price of the lot was $ 42.1 million, or $ 2.9 million per carat.
"Artemis pink" weight 16 carat pear-cut corresponding to "Apollo blue" has a type IIa, by GIA data, and has been sold for $ 15.3 million or $ 958,636 per carat.
Earrings were presented as separate lots, but purchased by one buyer.
"Today's sales results, where more than 90% of the lots were sold and delivered three new world auction record, once again underline the strong demand for high-quality diamonds, gems and jewelery, - said David Bennett (David Bennett), head of the international jewelry division Sotheby's . - I am very pleased that these stones earrings remain together, one owner. "
Auction gorgeous and noble jewelery brought a total of $ 151.5 million.

It become possible to combine the two trade body jewelry industry

CEO of the British National Association of Jewelers (National Association of Jewellers, NAJ) , announced his resignation as intends to pursue other career opportunities.
Rawlinson headed NAJ in 2015, when the British Jewelers Association (BJA) and the National Association of Jewelers (NAG) have teamed to create a specialized body. Rowlinson previously was CEO NAG and implemented for combining supervision.
"I achieved what I set out to do when he joined the NAG, - Rawlinson said in a statement -. Four years ago, it became possible to combine the two trade body jewelry industry From that point the union BJA and NAG was our goal.".
Chairman NAJ Saymon Dzhonson praised Rawlinson job of managing the merger process and the relocation of a new organization in the quarter in Clerkenwell, London.
"Changes of this magnitude - a difficult task, but he was able to achieve this with the support of his team and the National Committee of the NAJ", - said Johnson.

Local community who have worked hard to make this achievement possible

Stornoway Diamond Corporation reported that it was able to produce one million carats of diamonds at a diamond mine Renard (Renard) in Quebec, Canada.
Renard Project - the first diamond mine in Quebec, which began commercial production January 1, 2017.
The average annual diamond production is forecast at 1.8 million carats per year over the first 10 years of production.
Matt Manson (Matt Manson), President and CEO of Stornoway, commented: "Today's announcement represents another important milestone in our production at Renard mining one million carats coincided with the sale of the first diamonds from the mine in Montreal I would like to.. I express my gratitude to the staff of employees and contractors Stornoway, as well as our partners from the local community who have worked hard to make this achievement possible. "

Polished diamond imports to the US fell

According to government data, polished diamond imports to the US fell by 3% in March this year, to $ 1.99 billion.
Polished imports by weight fell by 10% to 970,953 carats as the average price rose by 8%, to $ 2045 per carat. Polished diamond imports to the US from Israel increased by 13%, to $ 606.4 million, from India - fell by 3%, to $ 673.8 million, and from Belgium - decreased by 1%, to $ 281.5 million.
Diamond Exports rose 7% to $ 1.58 billion and net import decreased by 28% to $ 402 Mill.
rough imports fell by 22% to $ 35 million, while diamond exports jumped by 81% to $ 47 mn. net US import diamond It fell to minus $ 12 million, compared to plus $ 19 million in the same period of the previous year.
The balance of the diamond trade, reflecting the difference between net imports and exports fell by 33% to $ 389 million.
During the first quarter of the year, polished diamond imports to the US fell 11% to $ 2.45 billion, while exports of processed stones fell by 3% to $ 4.58 billion.

While providing a unique geographical location

Dubai Diamond Exchange (DDE), a subsidiary of DMCC has, announced the successful completion of the first of six diamond tenders scheduled for 2017. The tender was held in the Tower, "Almas" in Dubai, and his conduct contributed DDE in a secure, transparent and regulated environment, as a result managed to sell rough diamonds total weight of 50 000 carats, according to a press release, DMCC.
DMCC partnership with Trans Atlantic Gem Sales (TAGS) to ensure the presence of more than 130 customers who participated in the 12-day event.
TAGS organize six auctions for diamonds in Dubai in 2017 as part of the partnership with the DMCC.
Commenting on the series of tenders, Sashittal Gautam (Gautam Sashittal), CEO of DMCC, said: "Dubai is one of the world's top three centers of diamond trade in 2016 diamond imports increased by 16% to $ 6.3 billion, and DMCC has made a significant contribution. in this growth. the Dubai diamond Exchange, DMCC has platform provides industry participants infrastructure and regulatory framework that is required for their growth, while providing a unique geographical location of Dubai between production and the consumer market of East and West. "
Through the trading platform DMCC diamond suppliers with lower volume production can sell their products with a large industrial mining companies. At the last tender was submitted diamonds from the West Coast of South Africa, who are known for their clarity and quality, according to a press release.
Thinking about Dubai's ability to integrate the global supply chain in the diamond industry, Mike Egget (Mike Aggett), CEO of The TAGS, said: "Dubai is an important center of commerce for The TAGS, differing not only a reliable customer base, but also a unique access capability and the integration of markets worldwide. in cooperation with the Dubai diamond exchange, the mining companies and manufacturers of all sizes and scales have a unique opportunity to enter the global supply chain through Dubai and reach out to a broader market. "