JEWELLERY ZONE

Gift ideas for Raksha Bandhan by TrueSilver Raksha Bandhan is just around the corner! This year, be prepared to give your siblings a unique and personalized gift. Avoid last-minute gifting stress by planning and choosing an impressive gift that will truly resonate with them. TrueSilver offers a range of gift options to cater to different styles and preferences. You can choose from personalized Rakhi's to exquisite jewellery designs, all of which will help strengthen your bond. Here are some personalized and creative Raksha Bandhan gift ideas to make your Raksha Bandhan celebration truly memorable. Rakhi is more than just a gift-giving occasion. It's a celebration of the unwavering bond between siblings, a reminder of laughter, fights, and everything in between. This year, show your brother just how much he means to you with a gift that's as special as your relationship. Explore our collection of unique Rakhi presents, each one chosen to strengthen the invisible thre

  The WDC welcomes three new members Recently, the World Diamond Council (WDC) welcomes three new members including Mani Export. According to the WDC, 1:   Belfont S.A: Established in Geneva, Switzerland, in 1954, Belfont S.A. is a leading supplier of diamonds and pearls to the country’s watch and jewelry industries. The company is expert in meeting its clients’ strict standards and providing their required degree of service and professionalism. 2: NBF: NBF (National Bank of Fujairah) is an award-winning bank, headquartered in the United Arab Emirates, which has provided a range of banking services to its customers for some 40 years. 3: Mani Export Private Limited: Established in India in 1966, Mumbai-headquartered Mani Export specializes in producing a consistent supply of superior polished diamonds in various shapes and sizes. It also has been manufacturing diamond jewellery since 2003. The company’s client base is global, with customers in the United States, Hong Kong, Chin

  The jewelry industry’s go-to resource, Buyer’s Guide   Manufacturing Jewelers & Suppliers of America (MJSA), the trade alliance dedicated to professional excellence in jewelry making and design, has published the 2024-25 edition of its annual Buyer’s Guide, the industry’s most complete resource for the equipment, supplies, and services needed to make, sell, and repair jewelry.   A prime resource for jewelry manufacturers and designers since 1927, the Guide lists suppliers and subcontractors offering hundreds of jewelry-making products and services— from abrasives and anodizing to XRF analysis and zircon.   To make sourcing easier, they are broken down into several categories, including Beads, Business Equipment & Services, Chain, Contract Manufacturing Services, Findings, Gemstones, Packaging & Display, and Tools & Equipment. The 2024–25 Buyer’s Guide also includes several articles to help readers make the best investments possible:   Al Gilbertson, pr

India’s Jewellery demand felt declining 17% in Q2 2024   Sachin Jain, Regional CEO, India, World Gold Council said, India's gold demand softened slightly in Q2 2024, reaching 149.7 tonnes, down 5% year-on-year. This can be attributed to record high gold prices impacting affordability and causing a slowdown in consumer purchases. However, the overall value of demand remained strong, increasing by 14%, highlighting gold's enduring value for Indian consumers. Jewellery demand felt the pressure of high prices, declining 17% to 107 tonnes due to high local prices, the general election and a severe heat wave. While festivals like Akshaya Tritiya and Gudi Padwa provided a temporary boost, record high prices continued to dampen consumer sentiment. Conversely, Investment demand surged by 46% to 43.1 tonnes, its highest second-quarter level since 2014 driven by expectations of further price appreciation and safe-haven buying. Bucking global trends, India's gold recycling fell

  Demand in India remains robust: Al Cook, De Beers   Recently, DeBeers reported Interim Financial Results for 2024 that is for the 1H 2024. In the row, commenting on the first half of 2024, De Beers Group CEO Al Cook said: “Rough diamond trading conditions continue to be challenging.   Although demand in the US has been steady and India remains robust, consumers in China are buying substantially fewer luxury products. Retailers are very cautious as they restock, creating higher than normal levels of midstream inventory.   Despite these conditions, De Beers made great progress in delivering our Origins strategy during the first half of the year. We have streamlined the business, materially reducing our costs and ensuring we are best placed to grow value from mining to stores as conditions improve.   We’re revitalising demand for natural diamonds for a new generation of consumers through our collaborations with Signet, Chow Tai Fook and other leading jewellery retailers

  Ellendale re-establishing diamond production: GIB   Gibb River Diamonds Limited (GIB) owns the Ellendale Diamond Project in the Kimberley Region of Western Australia. The Ellendale Project has been one of the world’s largest diamond producers in the past, with previous operators reporting a combined market capitalisation of over $690 million in 2006 on leases now held by GIB. The Company is currently progressing the project with the aim of re-establishing diamond production at Ellendale. Significant progress was made during the last quarter which includes: On 21 May 2024, the Company announced the grant of mining leases. These are the three key licenses at the heart of developing the Ellendale Diamond Project. These leases cover the main portions of the historic workings at the E4 and E9 pipes, together with the extensively bulk-sampled E12 alluvials. The grant of these three mining leases is an important milestone in re-establishing diamond production at Ellendale. For t

  Tiffany & Co X CFDA announces Jewelry Designer Award Tiffany & Co. and the Council of Fashion Designers of America (CFDA) are pleased to announce the Tiffany & Co. x CFDA Jewelry Designer Award. The first-of-its-kind award recognizes outstanding American jewelry designers who are committed to driving inclusivity within the design industry, elevating jewelry design as its own category akin to Womenswear and menswear. Participants who are selected will be granted mentorship and an immersive learning experience, delving into the environments that nurture the House’s legacy of inventiveness and unparalleled craftsmanship. One designer among the participants will be selected to receive a yearlong fellowship within Tiffany & Co.’s design department, along with a $50,000 award. “The inaugural Tiffany & Co. x CFDA Jewelry Designer Award uplifts Tiffany Atrium’s commitment to fostering lasting change across the jewelry and design industries. With a rich history of su

  The Jewelry Symposium invites a new paper! The Jewellery Symposium (TJS) for the Advancement of Jewelry Manufacturing Technology is a passionate, collaborative, non-commercial, global community inspiring creativity, fostering innovation, and encouraging the further development and advancement of all facets of the jewelry making family. This is the dome to present jewellery, consider presenting a paper now or at the next Symposium. In he context of presentation TJF said, “We are seeking original presentations that have not been given before (with a few relevant exceptions). If your topic supports the jewelry industry and is non-commercial, we’d like to hear about it! Our audience or your peers crave topics on manufacturing, cutting-edge technology and research, business practices, safety, history, bench work, gemstones, metals, sustainability, sourcing skilled employees and the list goes on. What expertise are you passionate about and excited to share?” As a speaker, it is to wr

  PGMs 2Q production decreased by 2%: Anglo Duncan Wanblad, Chief Executive of Anglo American, said: “We have delivered a strong second quarter performance overall as we continue to embed operational excellence across the asset base. Minas-Rio achieved record second quarter production, while our copper operations in Chile and Peru both performed well against our plans. Total PGM production decreased by 2%, reflecting expected lower volumes from Kroondal (which is reported as third-party purchase of concentrate from November 2023) and lower production at Mototolo, Mogalakwena and Unki. This was partially offset by higher production from Amandelbult. Own mined production decreased by 11% to 547,200 ounces, primarily due to the disposal of Kroondal in Q4 2023. Excluding Kroondal, production decreased by 3% due to lower production from Mototolo, Mogalakwena and Unki, partially offset by higher production from Amandelbult. Mogalakwena’s production decreased by 4% to 232,600 ounces,

  Bibiani to grow gold production over 250K Oz per year   Asante Gold Corporation announces that the Bibiani-Goaso Highway has been rerouted following the recent completion of two detour roads, allowing for the further development of the open pit and the underground at the Bibiani Gold Mine.   This vital step advances the Company’s plans to grow gold production at Bibiani to more than 250,000 ounces per year, with cumulative production of 1.2 million ounces of gold anticipated over the next five years, at lower all-in sustaining costs, as detailed in the 2024 Bibiani Technical Report. Rerouting the highway gives the Company access to approximately 170,000 ounces of contained gold from the Main Pit in the next 12 months and supports planning to process 250,000 ounces from 2026 fiscal year onwards. The oxide mineralization from near surface at the southern portion of the Main Pit allows higher gold recovery while the Sulphide Recovery Plant is being installed.   Re-routing th

BDB observed the 25th anniversary of the Kargil War   Bharat Diamond Bourse (BDB) observed the 25th anniversary of the Kargil War with a solemn and impactful event that blended remembrance with forward-thinking dialogues. The cornerstone of the commemoration was a knowledge conclave titled, Unity in Adversity: Building a Resilient Future, held on July 25, 2024, at the BDB premises in Mumbai. The day commenced with a poignant wreath-laying ceremony to honor the brave soldiers who made the ultimate sacrifice during the Kargil War. Bhushan Gagrani IAS, Commissioner of the Municipal Corporation of Greater Mumbai, presided over the ceremony, underscoring the enduring spirit of courage and unity exemplified by the Kargil heroes. The subsequent conclave brought together eminent experts and key stakeholders from the realms of security, risk, and disaster management to delve into the critical role of unity in forging a robust and resilient future. Participants engaged in insightful dis

  Recovery of high-value 176 Carat Diamond from Lulo Lucapa Diamond Company Limited announces the recovery of the fifth +100 carat diamond this year, a 176 carat Type IIa gem diamond from the Lulo Alluvial Mine in Angola. The 176 carat diamond is the 45th +100 carat diamond to be recovered from Lulo and the eighth largest, since alluvial operations commenced in 2015. The continual recovery of these and other large, high value diamonds has been a major source of revenue for Lulo over the years, as well as being a major informant to the kimberlite exploration program. Lucapa continues to hunt for the source of these large gems via the kimberlite exploration program which is currently bulk sampling kimberlites in close proximity to the mining blocks where the 176 carat diamond was recovered. Lucapa Managing Director and CEO Nick Selby commented, “The recovery of this 176 carat diamond is yet more confirmation of the massive potential of the kimberlite province where we are focussi

  Arazi announced the shift in marketing policy Arazi, a distinguished name in fine jewelry, has made a significant decision regarding its marketing and distribution strategy concerning lab-grown diamonds. Effective immediately, Arazi will discontinue its asset/memo support program for retailers carrying and/or promoting lab-grown diamonds. In a statement, Josh Arazi, vice president and creative director of Arazi, emphasized the rationale behind this decision, citing concerns over the long-term viability and consumer confidence in lab-grown diamonds. Arazi stated, “With the prices of lab-grown diamonds drastically comparable to CZ’s, Arazi does not wish to wait until jewelers are competing with gas stations to distance ourselves from such stores. We have observed declining sales trends in monthly reports from these retailers, contrasting sharply with the continued growth of stores focused on today’s and tomorrow’s high-end consumers. This is compelling evidence supporting our str

  Ladia launches LGD Jewellery Store In a major development in the world of Lab Grown Diamonds (LGDs), Ladia, the leading retailer in India for this innovative jewellery sector, has launched its second store in Punjagutta, Hyderabad. This new outlet, situated at Tejaswi Plaza, was officially inaugurated by prominent figures Sri Madhu Goud Yaskhi, former Member of Parliament and current Chairman of the Campaign Committee for the Telangana Pradesh Congress Committee, alongside renowned actress Samyuktha Menon. The ceremony was marked by a grand celebration as Ladia continued its mission to revolutionize the lab-grown diamond market. Akhil Vemuluri, Director of Ladia, emphasized the company's commitment to advancing the lab-grown diamond sector. "India is making remarkable progress in lab-grown diamonds, and at Ladia, we are dedicated to leading this charge with innovative approaches," Vemuluri stated. Lab-grown diamonds, created using advanced technology in speciali

Silver Dollar & Silver Valley Metals sign a deal Silver Dollar Resources Inc announces that, has signed an asset purchase agreement with Silver Valley Metals Corp and its subsidiary, North Idaho Metals Corporation, whereby Silver Dollar's wholly owned subsidiary will acquire from the Vendors the right, title and interest in the assets related to the Ranger-Page Project located in Shoshone County, Idaho, USA, which includes the option rights under the Government Gulch Option and Joint Venture Agreement and the Page Mine Mineral Rights Lease and Option Agreement.   Key highlights of the Ranger-Page Project are, 1: A drill-ready project in a world-class silver district. 2: A long history of operating mines in the Silver Valley, including six historic mines within the Ranger-Page claim package. 3: The first time this area of the Silver Valley has been consolidated under one operator. 4: Primary target areas are up-plunge from where historical underground mining ended, near su

  Eldorado Gold production reaches over 122K Oz in 2Q Eldorado Gold Corporation reports the Company’s financial and operational results for the second quarter (2Q) of 2024. Second Quarter 2024 operations highlights claims that their gold production reached to 122,319 ounces in line with expectations for the quarter. Production increased 12% from Q2 2023, reflecting increased gold production of 22% at Lamaque and 14% at Kisladag. Production was slightly offset by lower production at Olympias as a result of intermittent work stoppages during ongoing negotiations for a new Collective Bargaining Agreement (CBA). Gold sales registered to 121,226 ounces at an average realized gold price per ounce sold1 of $2,336. Gold sales increased 10% from Q2 2023 primarily as a result of increased production at Lamaque and Kisladag. Eldorado Gold Production costs reached to $127.8 million in Q2 2024, compared to $116.1 million in Q2 2023. The increase was due primarily to higher sales volumes, as

  Karowe Expresses the Diamond Market Dynamics Recently, Lucara Diamond reports the results for the quarter ended March 31, 2024. In the row William Lamb, President & CEO commented, our Karowe diamond mine delivered another solid operational quarter, continuing its track record of sustainable diamond production from this world-class asset. The Company's high-value diamond production forecast remains robust, underpinned by our focus on operating practices aligned with leading environmental, social and governance standards. Work on the underground expansion project at Karowe also progressed well during the quarter. This key growth initiative remains on track with the rebase schedule and budget, positioning us to access the higher-value ore from the underground portion of the ore body, early in 2028. While the diamond market remained relatively stable in Q1, we observed some cautious sentiment due to the broader macroeconomic climate of high inflation and interest rates impa

  Burgundy Diamond sold, 1.03 million carats in 2Q, 2024 Burgundy Diamond Mines achieved significant progress in several key areas this quarter. The company’s dedication to potential mine life extensions is demonstrated by active drilling programs at the Sable and Misery mines, as well as advancing the Sable and Fox underground updated prefeasibility studies. Additionally, the company increased ore mined for the quarter compared to Q2-2023 and maintained competitive sale prices in a subdued diamond market. The future Point Lake open pit operation is nearing completion, with the final dewatering phase underway and all necessary permits secured. For the 2Q, Burgundy Diamond said, they have recovered 1.22 million Carats that show, decreased by 10%, in line with the decrease in tonnes processed (Q2-2023: 1.36 million). On the other hand, Burgundy Diamond sold, 1.03 million carats over three sales events, including one fancy sale. US$103/ct achieved for total proceeds of US$106 millio

  Oman gold market anticipates hike from India’s buying Gold traders and jewellers in Oman are cautiously optimistic about a potential rise in gold purchases by Indian expatriates, following India’s decision to lower customs duties on gold and silver from 15 percent to 6 percent. This policy change is expected to make gold purchases in Oman more appealing due to the perception that Gulf-sourced gold is of superior quality. Local traders believe the reduced import duty will make gold roughly 5 percent cheaper in Oman compared to India, enhancing its attractiveness for buyers. A gold trader on Ruwi High Street told domestic media, “The reduced import duty makes gold and jewellery purchases in Oman even more attractive.” Shamlal Ahamed, Managing Director of Malabar Gold & Diamonds, highlighted the benefits of this policy, stating that it should curb illegal gold imports and benefit organized retailers. “This reduction will support a more regulated market, promoting economic grow

  Regularize pre-sanction stock, AWDC to host seminar   Recently, Antwerp World Diamond Centre (AWDC), announce an important update regarding the Grandfathering principle, introduced as part of the G7’s 14th sanction package against Russia in mid-July. This new development allows diamond companies to regularize their existing stock of non-industrial, natural, synthetic, rough, and polished diamonds of Russian or unknown origin, provided these were in possession before the sanctions took effect on January 1, 2024. Under this principle, diamonds acquired before the implementation of sanctions are exempt from the ban and can be traded without restriction. This decision is intended to prevent undue financial strain on diamond businesses while maintaining the effectiveness of sanctions against Russia. The FPS Economy, with the assistance of the AWDC, is finalizing a clear procedure to implement the Grandfathering principle. Starting September 1, 2024, both Belgian-registered and fore

  Santacruz produces 4.81mn oz silver equivalent Santacruz Silver Mining Ltd reports its Q2 2024 production results from its Bolivar mine, Porco mine, Caballo Blanco Group of mines and the San Lucas feed sourcing business all located in Bolivia, and the Zimapan mine located in Mexico   Over all Santacruz Silver produces 1,671,359 ounces of silver; that totals whole of the 2Q production for silver equivalent production of 4,819,552 ounces. Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, “Santacruz's operations rebounded from Q1 2024, thanks to the hard work and dedication of all our teams. We processed a near record high of just over 500,000 tonnes of mineralized material. The increased production of mineralized material is primarily attributable to the new integration ramp at Caballo Blanco, which significantly enhanced the performance of this asset, and the Company anticipates that these increased mining and processing rates will continue at Caballo Bl