JEWELLERY ZONE

  Exploring the Winston candy-colored world   Exploring the candy-colored world of extraordinary gems, the House of Harry Winston presents a sweet series of one-of-a-kind cocktail rings. Entitled Winston Candy, the collection features fancy-colored center stones paired with a combination of diamonds and vibrant gems in complementing shades.   Harry Winston Bringing a sweet perspective to signature Winston design, each Winston Candy ring exudes a sense of pure joy with colorful stone combinations meant to excite and delight.   Selected for their inherent beauty, these magnificent stones are superior amongst others in their family and exemplify the extraordinary qualities synonymous with Harry Winston. From the finest mandarin garnets, to rare tourmalines, to pastel sapphires, and lively spinels, this one-of-a-kind presentation features the most irresistible ingredients and celebrates vibrant jewels that are unrivaled in color, quality and scale.   The inspiration for the

  GDTO's Favour the sustainability, announce head   The Grown Diamond Trade Organization (GDTO) is thrilled to announce the appointment of Stanley Mathuram, CEO of ECG Global Solutions, as the new head of GDTO’s Sustainability Standards and Ratings. This strategic appointment underscores GDTO's commitment to sustainability, transparency, and ethical practices within the lab-grown diamond industry.   With a distinguished background in Chemical and Environmental Engineering and over 25 years of experience in sustainability, business development, circularity, climate finance, carbon markets, transition economy, and environmental engineering, the former Executive Vice President of SCS Global Services, brings unparalleled expertise and vision to the GDTO.   In his time with SCS, Stanley was instrumental in the development, launch and implementation of the Certified Sustainability Rated Diamonds standard. His proven track record in delivering high-value services that al

  Ethical emerald supplier Myne carries CSR   Ethical emerald supplier, Myne London, has announced that its charity through their Myne London Foundation (MLF) has become an official supporter of Malala Fund to help girls’ access to education. Since 2018, Myne London has provided a traceable route to market for emeralds hailing from Swat Valley.   The business has focused on promoting women’s empowerment through access to education, training and skilled employment, supported by the region’s high-quality emerald melee, as well as the creation of Swat Valley emerald bespoke jewellery and collaborations with international jewellery brands and designers.   The Myne London Foundation, which receives 10% of all Myne London profits, was established in 2021 to offer a hand of support to those seeking access to education in the Myne London lapidary and emerald mining community. It hosted its inaugural fundraising event in London on March 19, 2022.As the Foundation’s core focus is on

  Expectations of GJ fraternity from the Budget   Recently expressing on, Expectations of Gems and Jewellery (GJ) Sector from the upcoming Budget; Colin Shah, MD, Kama Jewelry said, the gems & jewellery industry looks forward to amendments in the SEZ Act, which has been a long-standing demand. The SEZ Act hasn’t been amended as per the progress that the industry has made, both domestically and globally throughout these years. This move will play a crucial role in resolving the issues which exporters are facing pertaining to policies in the gems and jewellery industry as well as other industries in the SEZs. As a result, will further provide a major fillip to the exports, especially during the challenging times in the global markets. Additionally, we request the honorable Finance Minister to look at rationalizing duty on precious metals bars, especially gold and platinum bars from 15% to 4%. High duties have led to consistent rise in cases of smuggling and impacted the FTAs n

  Changes to Anti-Money Laundering Measures: AWDC   Recently AWDC said, “We would like to inform you about new and important changes in the anti-money laundering measures regarding the identification of Belgian diamond trading clients. These changes are crucial for your company's compliance and anti-money laundering policy.” Until now, it was sufficient to verify the identity of Belgian Diamond Company clients on the website Registered diamond companies and keep a record by taking a screenshot or print of the webpage. This procedure has now been changed.   In the future, it will be mandatory to verify the identity of Belgian diamond company clients in the registers of the Crossroad Bank of Enterprises (CBE or KBO in Dutch) and the Ultimate Beneficial Owners (UBO) Register at FPS Finance.   While the website of registered diamond companies of Belgium can still be consulted, it is no longer a mandatory part of your KYC process for Belgian diamond companies. Instead, pri

  Japanese officials visit BDB  to strengthen relations    Bharat Diamond Bourse (BDB) was honored to host His Excellency Yagi Koji, Consulate General of Japan in Mumbai, along with Ohori Keina Vice-Consul of Japan in Mumbai and Leila Kazi - Specialist Economic Affairs, Economic Advisor from the Japanese Consulate, in Mumbai. The visit, aimed at fostering stronger economic ties and cultural exchange between Japan and India, marks a significant milestone in bilateral relations. During the visit, Anoop Mehta, President of the Bharat Diamond Bourse & Mehul Shah Vice President of Bharat Diamond Bourse, warmly welcomed the distinguished guests and emphasized the longstanding partnership between the diamond industries of Japan and India. Discussions revolved around mutual interests in enhancing trade opportunities, exploring new avenues for collaboration, and leveraging technological advancements in the diamond sector. "We are delighted to host His Excellency Yagi Koji along

  GJEPC Chairman Presents Pre-Budget Recommendations!   GJEPC Chairman Vipul Shah presented key recommendations for the gem & jewellery trade at the pre-budget meeting with Union Finance Minister Smt. Nirmala Sitharaman.   Vipul Shah, Chairman of GJEPC, said, “The Indian gems and jewellery industry contributes around 10% to India’s total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence of the beneficiation scheme, and issues related to rough diamond sourcing. Against the backdrop of the macroeconomic scenario, I urge the government to take measures to revive exports in this sector. I request the Hon’ble Finance Minister to introduce a Safe Harbour rule in SNZs, introduce the Diamond Imprest License, and reduce the import duty on gold, silver, and platinum bars to 4%; and introduce duty drawback on exports of platinum Jewellery to take advantage of India UAE CEPA. These measures are crucial to give

  Tanishq Enchanted Trails at Paris Haute Couture   The esteemed Tata Group's Tanishq jewellery brand captivated global fashion enthusiasts with the launch of its ‘Enchanted Trails’ collection at the Paris Haute Couture Week 2024. Renowned as the pinnacle of fashion, Paris Haute Couture Week provided the ideal global stage to unveil this exquisite collection, each piece a testament to rare and real diamond creations that redefine glamour and style.   Inspired by the intricate beauty of exotic nature, the ‘Enchanted Trails’ collection incorporates elements reflecting the elegance of flowing rivers, the interplay of light and water, the allure of blooming flowers, the graceful movement of branches, and the whispers of lush forest foliage. The collection showcases the dance of boats gliding through serene streams, echoing the poetry of nature’s tranquility.   This year, Tanishq collaborated with designer Vaishali Shadan Gule, the first Indian woman to debut at Paris Haute

  Be ready in time to abreast the revised SoW   The World Diamond Council’s revised System of Warranties (SoW) is set to reach its first critical deadline on September 21, 2024, as the three-year grace period to convert to the new system for rough diamond sales is about to end.   See below a selection of FAQs aimed at helping your company to reach the deadline with ease. 1) What is the System of Warranties? It’s a global mechanism created by the WDC for the industry, so that companies relay to the next buyer in the supply chain that the goods they are trading are in compliance with the Kimberley Process Certification Scheme (KPCS) and the SoW Guidelines, hence passing down the warranty of a conflict-free origin, as well as the assurance of adherence to other responsible business principles such as human rights, labor rights, anti-money laundering (AML) and counter-terrorism financing (CTF).   2)   How can I transition to the revised SoW Warranty Statement? Follow this 3-s

  Implementing diamond origin tracking unlikely: Expert   The EU authorities earlier allowed imports of a number of types of diamonds of Russian origin, according to a statement by the European Commission explaining the 14th package of sanctions against Russia According to the Russian media, the introduction of a system for tracking the origin of diamonds requires large funding and time, its introduction may lead to pressure on the price of diamonds, so the implementation of this initiative from March 1, 2025, seems unlikely, said; Head of the securities market analysis department at Alfa Bank Boris Krasnozhenov, to media. "The implementation of this initiative may also lead to significant cost pressure on diamond producers and cutters. There are great doubts that the tracking system will be able to operate starting from March 1, 2025," Krasnozhenov said. The EU authorities earlier allowed imports of a number of types of diamonds of Russian origin, according to a st

  De Beers rough diamond sales for Cycle 5 announced!   De Beers Group announced the value of rough diamond sales for the fifth sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 5 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.   De Beers Group CEO Al Cook said: “The northern summer is generally a quieter period for rough diamond sales, and this was reflected in our cycle 5 sales. The recent annual JCK jewellery show in Las Vegas confirmed a resurgence in retailers’ interest in natural diamonds in the United States but ongoing economic growth challenges in China mean we continue to expect a protracted U-shaped recovery in demand.”   DeBeers Cycle 5 2024 (provisional) [1] Cycle 4 2024 (actual) [2] Cycle 5 2023 (actual) Sales value [3] ($m) 315 383 456   [1] Cycle 5 2024 provisio

  AGTA 2024 Spectrum awards open for entries   The American Gem Trade Association (AGTA) is pleased to announce the opening of its 2024 AGTA Spectrum & Cutting Edge Awards, which mark an important milestone this edition—the 40th anniversary of Spectrum. (The Cutting Edge Awards for loose gems debuted in 1992.)   The AGTA Spectrum & Cutting Edge Awards is the benchmark for design excellence in the world of colored gemstones and cultured Pearls. Each year, AGTA Spectrum & Cutting Edge Awards winners set the standard for beauty and innovation, launch trends, and earn worldwide recognition. Award winners receive countless mentions in the press and on social media and are fêted at the Spectrum & Cutting Edge Awards Gala during AGTA Gem Fair Tucson at the recently renovated Tucson Convention Center. Over 40 years, myriad Award recipients have launched careers with groundbreaking works of jewelry recognized by a carefully vetted panel of judging peers. Through a st

  Roberto Coin presents Domino collection   Domino jewels are made of rows of identical elements that are repeated along the entire surface, just as in the Chinese game. The gold is treated like a precious stone and each one of the elements is worked like a miniature artistic sculpture that, together with diamonds, gives life to the collection’s dazzling aesthetic.   Wearing the jewelry in the Domino collection is a proclamation of fun - an authentic desire to rekindle the ancient enthusiasm that often fades as we grow wiser ... and perhaps even a bit sadder. Winged look Domino Earring! Diamonds are the protagonists of these earrings in rose gold, featuring the uniqueness of Domino collection’s winged look! Domino Ring, the most precious Domino tassels are covered with diamonds in this rose gold ring. Domino Bangle, the Domino game creates its powerful effect enhancing beauty in this rose gold bangle with diamond decorations.   It is no coincidence that Roberto Coin has d