Author name: JNI

The UN-mandated Kimberley Process (KP) Intersessional and historic special plenary concluded in Dubai, UAE, on 17th May with progress made in key areas that will have bearings on global trade in natural diamonds. Hosted in Uptown Tower, Uptown Dubai, the headquarters of DMCC, the KP intersessional and special plenary gathered hundreds of diamond industry representatives, civil […]

The World Jewellery Confederation (CIBJO) will host its 2024 annual Congress in Shanghai, China, from November 2nd to 4th. Pre-Congress sessions will be place on October 31st and November 1st. The Shangri-La Qiantan Convention Centre, located in Pudong, Shanghai’s New Bund International Business District, will host the 2024 Congress. The event is being hosted by

GJEPC conducted a webinar on “How to Manage Your Logistics in the Middle East Market” on May 15th, with the goal of providing exporters with useful insights into the UAE’s rising role as a global leader in secure logistics, particularly for valuables such as diamonds, gold, and luxury products. In a session moderated by Ashish

The Indian Bullion and Jewellers Association (IBJA) has proposed establishing a jewellery export facilitation hub at GIFT IFSC in Gandhinagar. A official proposal has been made to the GIFT City administration, and the investment for the proposed hub, the GIFT Trade hub, is anticipated to be Rs 500 crore, according to persons familiar with the

Following a recent asset portfolio review, Australian diamond miner Lucapa Diamond Company Ltd. is examining all alternatives for divesting its 70% ownership in Lesotho’s Mothae diamond mine. The board is exploring all options for the disposal, and the company is preparing a data room for interested parties. Mothae is an open cast mine in the

Fitch Ratings has raised Signet Jewelers Limited and Signet Group Limited’s ratings, including their Long-Term Issuer Default Ratings, to ‘BB+’ from ‘BB’. The ratings outlook is stable. Fitch‘s confidence in Signet’s ability to keep EBITDAR leverage below 4.0x in the medium run supports the upgrade. As of April 2024, Signet’s proforma EBITDAR leverage was approximately

Anglo American plc has announced that it will de-merge its business and form a new diamond-focused company. The new business, which will include De Beers, will be the world’s leading diamond producer. The demerger is part of Anglo American‘s objective to consolidate its portfolio and focus on its core operations, which include copper, premium iron

Nestled in the famed luxury shopping district, Jio World Plaza, this iconic store gives a look into the world of luxury and sophistication, right in the heart of Mumbai. The grand opening, attended by Bollywood celebrities such as Ranveer Singh and Karisma Kapoor, was a glitzy affair. Ranveer, the brand spokesperson, picked a pure white

Augmont, India’s leading gold platform, is pleased to announce the ‘Bharat and Beyond – Limited Edition Coin‘ in collaboration with JAR. This coin is more than just a collectible; it commemorates Bharat’s dramatic leaps over the last decade, highlighting important achievements and innovations in technology, healthcare, education, and infrastructure. The all-new Limited Edition Coin commemorates

The 43rd edition of Oroarezzo, the IEG – Italian Exhibition Group event dedicated to Made in Italy production and technology for the gold and jewellery sectors, opened on May 11. Until Tuesday, May 14th, in the halls of Arezzo Fiere e Congressi, a comprehensive offering ranging from gold and silver manufacturing to jewellery creation and