JEWELLERY ZONE

Allied Gold sold 84,611 oz gold in 2Q 2024 Allied Gold Corporation reporting its financial and operational results for the second quarter (2Q) of 2024. During the quarter, the Company produced 88,135 gold ounces (oz) and sold 84,611 oz at total cost of sales, cash costs and all-in sustaining costs per oz sold of $1,547, $1,355, and $1,498, respectively. Importantly, Allied continues to deliver on its sustainable production base at sequentially lower costs, and has made significant investments during the quarter to meet both its current guidance and industry-leading growth plans, including: Additional Oxide Ore Feed at Sadiola: As anticipated, ore from Diba was exposed and became available for mining in late June. Limited quantities were processed as part of industrial-scale tests to assess plant behavior, yielding positive results. Further production and initial sales of gold from Diba are expected to commence during the third quarter, subject to the receipt of authorizations for

Sarine’s H1 2024 revenues down 7.8% YoY Sarine Technologies announce its financial results for the six months ended 30 June (1H) 2024. In the Review of H1 2024, Sarine said market conditions remained challenging for the natural diamond manufacturing industry in the first half of 2024. Continued weak demand from China (the second biggest market for diamond jewellery) and the ongoing but slowing lab-grown diamond (LGD) disruption in the U.S. market (more below) impaired demand for rough natural diamonds and consequently slowed manufacturing activities. The Group reported revenues of US$21.9 million in H1 2024, down 7.8% from the corresponding period last year. Due to less than favourable conditions for natural diamond manufacturing, sales of traditional capital equipment declined 37% but this was offset by an 11% increase in recurring revenues, which comprise over 70% of overall revenues. Trade-related recurring revenues, which exclude manufacturing related recurring revenues (li

  Eternal Bond Collection for Raksha Bandhan Dassani Brothers, India’s finest designer jewellery brand, specialising in semi-contemporary Jadau heirlooms, proudly announces the launch of their latest collection, 'Eternal Bond'. This elegant collection has been specially curated just in time for Rakshabandhan and celebrates the cherished bond between siblings, offering a range of intricately designed pieces that exude timeless beauty and sophistication. Known for their heritage-worthy, high-end Polki and semi-Jadau jewellery, Dassani Brothers’ ‘Eternal Bond’ collection is a masterpiece of artistry, featuring an enchanting blend of uncut diamonds (polki), round brilliant cut diamonds, and vibrant enamel, all meticulously crafted in 18kt gold. Each piece in this collection is a testament to Dassani Brothers’ commitment to creating timeless jewellery that resonates with the modern woman. From delicate necklaces and dazzling earrings to graceful anklets and elegant bangles, th

Rowa’s Jewels offering tribute, #SistersAreJewels Rowa’s Jewels is thrilled to announce the launch of its exclusive Raksha Bandhan offering, ‘#Sisters Are Jewels.’ This year, we celebrate the unique and cherished bond between siblings with a stunning array of jewelry pieces designed to honor every type of sister. Understanding that every sister is a gem in her own right, Rowa’s Jewels has crafted a diverse selection that caters to different styles and personalities, ensuring that there’s a perfect piece for each individual. From the elegant and designs for the classic sister to bold and innovative pieces for the adventurous spirit, reflecting the multifaceted nature of sisterhood. Just as jewels come in many forms, each with its own beauty and significance, so too do sisters bring their own unique light into our lives. They are precious not just for their inherent value but for the irreplaceable roles they play in our hearts. With #SistersAreJewels, Rowa’s Jewels invites you to c

Burgundy work on the potential life of mine options! Burgundy Diamond Mines confirm that the agreement with the surety providers in relation to the reclamation bonds has been formally concluded and signed by all parties, in line with previously agreed principles. Burgundy is required to post security with key government agencies to ensure reclamation is completed across its mining properties, as required by relevant legislation in Canada and the Northwest Territories. The security is provided in the form of either cash, letters of credit or surety bonds, or a combination of these. Significantly, Burgundy can confirm it has successfully concluded the renegotiated cash collateralisation payment schedule to extend over four years, consistent with Ekati’s current life of mine plan, versus the previous terms requiring full payment in Q2-2024. The revised cash collateralisation schedule1 provides for quarterly instalments of ~US$11 million, concluding with a final payment of ~US$7 millio

  Botswana Diamonds announces AI Programme Botswana Diamonds announce that it is has started a programme of Artificial Intelligence (AI) techniques on our Botswana database. Initial exploration results will be available within the next four to six weeks. The company has the second largest diamond exploration database in Botswana. This is an excellent foundation to incorporate AI to assist in a comprehensive search for new diamond deposits and potentially other minerals. The Company’s database consists of, 1: c.95,000 sq km of data. 2: c.375,000 km airborne geophysical data. 3: 606 ground geophysical surveys. 4: c.228,000 soil sample results & 5: c.32,000 drill hole logs. In total 380 gigabytes of data and 260,000 files. The company will utilise Planetary AI Ltd Xplore mineral prospectivity technology which was developed in collaboration with International Geoscience Services Limited. Xplore is a system that uses a unique combination of semantic technology with machine lear

  GJEPC helps raise funds for 14 NGOs over the last 8 years   The Gem & Jewellery Export Promotion Council (GJEPC) proudly hosted the 9th edition of its esteemed charity dinner, Jewellers for Hope,' at a glittering event attended by industry leaders and philanthropists. Backed by Associate Partners - De Beers and World Gold Council; and powered by GIA. The Jewellers for Hope charity event once again garnered overwhelming support from Jewellers, Diamond Exporters, retailers, and global associations.   Since its inception in 2014, Jewellers for Hope has contributed crores of rupees to 14 NGOs, leaving a lasting impact on countless lives. The proceeds of the charity dinner were donated to two NGOs - MIAM, Miam Charitable Trust is committed to the social upliftment of tribal, rural, and urban populations across India; and the Gem & Jewellery National Relief Foundation (GJNRF) to coordinate social interventions, particularly during major crises. Kareena Kapoor Khan, th

  Launch of Rare Collection announced proudly! Jewelex Group, a leader in the diamond & Jewellery industry, and Ultrahuman, a pioneer in wearable technology is proud to announce the launch of its latest innovation the Jewelex X Ultrahuman Rare Collection. This revolutionary wearable technology in the ring form-factor combines the elegance of precious metals with state-of-the-art wearable technology, setting a new standard in wearable luxury. Jewelex & Ultrahuman join forces to produce an engineering marvel showcasing the exquisite craftsmanship along with cutting edge tech. The unveiling of the precious metal smart ring, Jewelex X Ultrahuman Rare collection, was done by bollywood star and fitness diva, Shilpa Shetty. The Jewelex X Ultrahuman Rare Collection is designed to cater to the sophisticated tastes of modern consumers who seek both style and functionality. Crafted by Jewelex’s master artisans, the ring will be available in three stunning variants: Yellow Gold, Rose

  Raksha Bandhan with De Beers Forevermark's Collection! This Raksha Bandhan, De Beers Forevermark adds a special touch to the celebration of sibling bonds with its exclusive Twogether Collection. Designed to honour the joy of being together the collection features a stunning array of jewellery, each piece reflecting the beauty and unity of sibling relationships. There’s something truly special about the moments shared with your sibling, and the Forevermark Twogether Collection celebrates this unique bond with jewellery that embodies the joy of togetherness. Each piece showcases stunning diamonds, symbolizing how you shine brighter together. These diamonds are not only beautiful and rare but also responsibly sourced, reflecting a promise of quality and care in every design. The Twogether Collection ring embodies elegance and togetherness, perfectly suited for celebrating the special bond of Raksha Bandhan. Each diamond bears a unique inscription certifying its exceptional qua

  Disney-Inspired Jewellery from Carat Lane India’s leading omnichannel jewellery brand, CaratLane - A Tanishq Partnership, has launched its latest collection, bringing iconic Disney stories closer to home, in the form of wearable art. With over 80 adorable designs, this collection celebrates beloved characters and stories from Disney’s Mickey & Friends and Winnie the Pooh to Disney Frozen and Disney Princess, appealing to young teens and women. Just in time for Raksha Bandhan, the collection makes the perfect gift to celebrate childhood memories. Inspired by Disney’s classic stories, this extensive range features contemporary and intricate designs that embody the diverse personalities and nuanced qualities of the beloved Disney characters. Combining Disney’s timeless storytelling with CaratLane’s craftsmanship, the collection offers wearable art perfect for young fans. Standout designs include the Disney Cinderella Magic Heels Pendant, Disney Mickey Mouse Personalised Necklace

Indian gold demand aided by the recent budget Recently, World Gold Council (WGC) published the Gold ETF Commentary, Western activity picked up in July report. Further in their; July in review, the WGC suggest that global physically-backed gold ETFs1 have now seen inflows three months in a row, adding US$3.7bn in July. Notably, all regions reported positive flows this month with Western gold ETFs contributing the most. A combination of the July inflow and a 4% rise in the gold price pushed total global assets under management (AUM) 6% higher to US$246bn, a new month-end record.3 Collective holdings concluded July with a 48t increase, reaching 3,154t. Successive inflows over recent months have narrowed the y-t-d loss in global gold ETFs to US$3bn. And while collective holdings have fallen by 72t (-2%) so far in 2024, their total AUM rose by 15%, supported by a 17% increase in the gold price. European and North American funds remain on the red for the year despite the change in tren

  Mountain Province Sold over 557K Carats Mountain Province Diamonds announces financial results for the second quarter (2Q) ended June 30, 2024 from the Gahcho Kué Diamond Mine. According to the Q2 2024 Key Takeaways, 557,361 carats were sold for total proceeds of $56.8 million (US$41.5 million) at an average price of $102 per carat (US$74). Earnings from mine operations of $12.0 million. Net loss of $6.5 million booked in the 2Q 2024. Mark Wall, the Company's President, and Chief Executive Officer, commented, "The first half (H1) of 2024 has produced adjusted EBITDA of $74.0 million, which was supported by the Q2 adjusted EBITDA of $24.0 million.   These results came in the context of a softer diamond market and the grade challenges in Q2, as previously reported. The processing facility at Gahcho Kue continued to operate well.   For H1 2024 the main metric of the processing plant 'OPU' (utilisation), was 81.5%, versus 72.6% for H1 of 2023.   These results conti

  40th Edition of IIJS Premiere opens today!   40th Edition of IIJS Premiere Show 2024 is opening its’ curtain in Mumbai, is India organised by The Gem and Jewellery Export Promotion Council (GJEPC). The Gem & Jewellery Export Promotion Council (GJEPC) is the apex body of trade sponsored by the Ministry of Commerce & Industry, Government of India, to promote exports of gems and jewellery from India.   The grand inauguration will host, C. P. Radhakrishnan (Hon. Governor of Maharashtra) as Chief Guest, Guests of Honour will be Paul Rowley - EVP De Beers and Paul Alukka - MD Jos Alukkas Group in the presence of Manushi Chhillar, GJEPC Brand Ambassador.   GJEPC has been organizing its flagship annual B2B trade shows, India International Jewellery Show (IIJS Premiere & IIJS Signature) and India Gem & Jewellery Machinery Expo (IGJME) in Mumbai for many years. IIJS Premiere 2024 is proud to celebrate 4 decades of maximizing businesses and will be held at two ve

The dragonfly and the bloom with stone! There’s something magical about seeing dragonflies hovering and darting through the air on a summer day—and that’s exactly what the dragonfly is doing on this 2024 movement coin. On the coin’s reverse, the 3D dragonfly and water lily are each cast in sterling silver and plated with yellow gold, evoking the sun’s warm rays. Tilt the coin and watch as the dragonfly moves around the bloom, which is fully open to reveal the water-like sparkle of a clear crystal—another feature that speaks to the enchantment of a light-filled summer day. Make summer last with this enchanting movement coin by the Royal Canadian Mint is the Crown Corporation responsible for the minting and distribution of Canada’s circulation coins. A design that you can interact with. Tilt the coin and watch as the gravity-activated dragonfly circles around the water lily! Both elements are cast in sterling silver (92.5% pure). New for 2024. A clear crystal lies at the centre of

Sun-inspired collection offers unique motifs by Sylvie Sylvie Jewelry, a well-loved Texas based fine jewelry brand celebrated for its exquisite designs, announced the launch of the first of eight new fine jewelry collections, Solaz. This sun-inspired collection features a variety of fine jewelry pieces that wearers can mix-and-match or layer easily, with each piece featuring a touch of sun-inspired motifs unique to Sylvie. The Solaz collection invites wearers into a world of warmth and light. Crafted with Sylvie’s rich yellow gold and sparkling diamonds, these pieces feature delicate, diamond sun detailing bathed in warm, golden tones reminiscent of a sun-drenched day. The collection is inspired by the radiant energy of the sun, capturing the essence of relaxation and inviting wearers to chase the sun with its sun-kissed fine jewelry. “The Solaz collection was inspired by the sun’s ability to bring light, joy, and renewal to the special moments of life” says Sylvie Levine, co-fou

Exquisite Silver Jewellery by Anand Darshan at IIJS   Anand Darshan Silvers, a leading manufacturer of high-quality silver jewelry, is thrilled to announce its participation in the IIJS Premiere 2024, one of the most prestigious jewelry exhibition in India. The event will take place from August 9th to August 13th at the Bombay Exhibition Centre in Mumbai.   Anand Darshan Silvers will be unveiling its latest and most exquisite collections at Hall No: 5 & Stall No: 5U529, showcasing innovative designs that blend traditional craftsmanship with contemporary aesthetics. The collections feature an array of sterling silver jewelry, including intricately designed necklaces, bracelets, earrings, and rings that cater to the discerning tastes of modern consumers.   The prime focus of Anand Darshan Silvers's participation in IIJS Premiere 2024 is to highlight the unique and exclusive designs that set the brand apart in the silver jewelry industry. Each piece in the new collecti

IGC, an industry conference on August 23! India Gold Conference (IGC) is organised by Eventell Global Advisory Pvt Ltd on 23-25 August 2024. India Bullion & Jewellers Association (IBJA) is the key association, driving this initiative and IGC will always be an industry driven conference. IGC is the platform for gold insight, if a fraternity is a part of bullion (gold, silver, platinum and palladium) supply chain – be it mining, refining, minting, banking, vaulting and storage, exchange market place, bullion dealing and trading, jewellery manufacturing and export, assaying and hallmarking, providing services such as insurance, broking etc, or regulating the sector or doing research on the sector. IGC aims to be a neutral industry platform for the gold bullion industry to meet, discuss and deliberate the future of this industry. IGC would also strive to present the latest offering in refining and minting technologies, fintech opportunities, technology opportunities etc. IGC, b

  Titan jumps 12% in Q1 FY2024-25 Titan (Consolidated) recorded an income of Rs12,386 crores growing by 12% in Q1FY25 compared to Q1FY24. The PBT was lower by 3% at Rs973 Cr compared to Q1FY24 due to financial costs of Caratlane acquisition (acquisition costs were not part of the base quarter). Business Performance (Standalone) for Jewellery reported, total Income for the quarter grew 9% over Q1FY24 to Rs 9,879 crores. The India business grew 8% in the same period. EBIT at Rs 1,103 crores came at a margin of 11.2% for the quarter. The first six weeks of the quarter that included Akshaya Tritiya saw 20% retail growth. Q1 saw multiple forces coming together that impacted topline. A steep rally in gold rates (20% increase over Q1FY24), election led restrictions in many markets, very few wedding dates and an unprecedented heat wave across the country weighed on overall consumer demand. Tanishq launched it enchanted trails diamond collection at the Paris Haute Couture Week, Fall- Wint