Demand for gold in India, the second largest consumer of growth, born twenty per cent to ninety seven.9 tonnes among the 3 months of the June quarter, whereas in China, the biggest consumer to this purpose, it degrew eighteen per cent as gold prices rose vi per cent in dollar terms and eleven per cent in rupee terms.
According to the newest report of the earth Gold Council (WGC), gold jewellery demand in asian country stood at ninety seven.9 tonnes in Q2, trailing China’s demand for 143.50 tonnes throughout the quarter.
Overall, consumer demand for gold in country stood at 131 tonnes (down eighteen per cent YoY) against 183.7 tonnes in China (down fourteen per cent). among the first six months of the continued calendar, gold prices have rallied twenty 5 per cent, the biggest worth gain since 1980.
“That said, Associate in Nursing optimism must be tempered with selection of} the headwinds that stay in place in an exceedingly variety of markets, love the economic retardation in China, pressure on rural gain in country and a troubled politics climate in West Asia,” the council said.
Investment demand for gold stood at one,064 tonnes, that accounted for just about 0.5 the final gold demand throughout the primary six months of 2016. it completely was sixteen per cent on the far side the previous peak among the half of 2009. Demand for ETFs reached nearly 580 tonnes within the initial six months of the yr.
NEW DELHI: The Madhya Pradesh government has started afresh the pilot spherical of auction of diamond mines, daily once it had been scrapped because of poor response.
A good response is predicted from corporations now spherical, officers same, citing interactions with the bidders.
Vivek capital of American state, director, natural science and mining, same some corporations could not complete the formalities for bidding and have requested modern auctions.
“Last time, due to some confusion, bidders submitted the bids in physical kind however couldn’t submit them on-line in time as was needed,” capital of American state told ET. “They have created representations to America, so we have a tendency to tend to annulled the earlier technique and restarted it. this point we have a tendency to tend to unit of measurement assured that each one four blocks will get sensible response.”
The authorities on weekday invited contemporary technical and cash bids for the four blocks – one diamond and three rock blocks. The last day for on-line purchase of tender document is August twenty 9 whereas the purpose for submission of bids is New Style calendar month 3.
Madhya Pradesh had earlier invited bids on could four.
The Hatupur diamond mine in Panna district is bit 133 hectares with expected zero.604 million tonnes of reserves of 10.20 carat diamonds. The Nimarmunda rock mine has seven.51 million tonnes of reserves, the Badarkha mine has seventeen.2 million tonnes and Ghuinsa sedimentary rock block possesses 9.98 million tonnes.
Currently, the Panna mine, surpass state-owned NMDC Ltd, is that the exclusively operational diamond mine within the country.
Currently, the Panna mine, surpass state-owned NMDC Ltd, is that the exclusively operational diamond mine within the country.
“Since not up to three bids were received for the on prime of blocks, consistent to Clause eight.1 (A) (d) of the tender document, the auction technique for all of the on prime of mentioned four blocks stands off,” a notification issued by the state’s mineral resource department, board of directors of earth science and Mining, on New Style calendar month twenty six same.
Meanwhile, the Union mines ministry will host a gathering on Thursday to work out the standing of mineral auctions by states among successive 2 cash years. The meeting additionally can discuss ways in which to expedite renewal of mining lease applications unfinished at varied stages.
The agenda includes various problems along side mineral conservation and development rules, offshore area mineral concession rules, and progress in fixing district mineral fund and new mineral exploration policy.
ET Intelligence Group: At a time once many jewellers ar finding their names on the FTO (non-performing assets) lists of banks, Mumbai-based Renaissance JewelleryBSE -0.31 it’s got been reporting growth without any longterm debt. that produces it the second listed debt-free jewelry company once TitanBSE zero.27 %. It jointly has cash balance value twenty sixth of its capitalisation.
The company exhibits financial discipline, price and risk controls, perpetually rising product combine and concentrate on operational margin. This has helped Renaissance grow its sales by nearly 400th within the last three years to Rs one,320 large integer and over treble its profit to Rs forty eight crore.
The company exhibits financial discipline, value and risk controls, perpetually rising product combine and concentrate on operational margin. This has helped Renaissance grow its sales by nearly four-hundredth among the last three years to Rs one,320 crore and over treble its profit to Rs forty eight large integer.
Renaissance is into coming up with, producing and promoting of jewellery products overseas and in Bharat. among the overseas business, it sells to several foreign jewellery brands appreciate stamp, Sears, retailers appreciate Amazon and JC Penny. It jointly includes a licensing tie-up with Hallmark. This reduces the possibility of dependence on a few of shoppers.
Over the years, the corporate has step by step shifted from gold to silver — from seventieth in 2010, gold currently accounts for unit of time. Through its innovation and springing up with team of over 200 people, the company has managed to remain durable negotiation power with shoppers.
Most of its sales is generated among the half of the business due to Christmas and Saint Valentine’s Day. Over the last a pair of years, the company has raised exposure to the Middle-East and Bharat to forty second among the half of FY16 from twelve months among the 1/2 FY14. the company uses hedging to manage the possibility of unsteady costs of precious metals. So far, it’s avoided aggressive growth.
Its operational margin before depreciation (EBITDA margin) improved to 6.3% from 4.9% in FY13. The management intends to expand it to 7%-7.5% over following a pair of years. It expects 13%-17% earnings growth for following a pair of years. In FY16, earnings grew by 100 and ninetieth over the previous business.
The stock has given a return of 1 hundred among the last one year. It trades at a trailing P/E multiple of five and fewer than fourfold cash earnings. it is a unvaried dividend remunerator with promoters holding seventy fifth stake.
LONDON: seems the biggest diamond discovered in over a century might not be price all that a lot of.
The lawn tennis ball-sized Lesedi la Rona did not find a customer Tues, a disappointing result for a stone that had represented as “the notice of a lifetime” by David Floyd Bennett, chairman of Sotheby’s jewellery division.
The diamond was unearthed in November in botswana at a mine owned by Canada’s Lucara Diamond Corporation. It measured one,109 carats, the second-largest gem-quality rough diamond ever discovered. Its name means “our light” within the Tswana language.
A voice same bidding reached $61 million eight below the over $70 million Sotheby’s had hoped for.
No rough diamond of this size had ever been auctioned, and after Wednesday’s sale it’s unclear if one can for a minute.
Gem and Jewellery Export Promotion Council expresses solidarity with Belgian diamond industry under terrorist attack
KOLKATA: Gem & jewelry Export Promotion Council (GJEPC) of Asian country expressed its commonness with the Kingdom of Belgium|Belgique|European country|European nation} |Belgique| European country |European nation} voters particularly diamond business of Belgium, World Health Organization were at the receiving end of the coup Diamond State main. The Indian diamond business is afraid with the actual fact that the terrorist attacks yesterday in Belgian capital claimed many innocent lives and contused many folks.
GJEPC Chairman man. Praveenshankar Pandya same “We unit of measurement terribly aghast by the dastardly coercion at the airdrome of Kingdom of Belgium. we’ve a tendency to precise our condolences to the excellent people of Kingdom of Belgium World Health Organization weren’t exclusively compassionate but in addition very accommodative that has been felt by America, the Indian Diamond community, over many decades. At currently of anguish, we’ve a bent to face with the fellow voters and diamond community of Belgium.”
Yellow Sapphire Gemstones Introduction
A Yellow Sapphire crystal is a present gemstone, consisting primarily of corundum (aluminium oxide), and coloured with slight traces of iron – the metal that results in its stunning yellow hue. Found sometimes in igneous rocks and in sediment deposits, this superb stone has long held the admiration and marvel of all kinds of individuals – from travellers and explorers to kings and queens. Carving and cutting of the natural stone creates the brightly lit and cut crystal that’s one of the most valued of all precious stones. A yellow sapphire has considerable sparkle and may show different|completely different} colors once viewed from different angles. Sapphires is heat treated, subtle with metal or irradiated to preserve and enhance their yellow brilliance – however the present sapphires ar still the foremost valued.
Called pushparaga in Sinhalese and Sanskrit, and usually noted in Bharat as Pukhraj, the color of the simplest yellow sapphire Gemstones has been thought of to be the right amalgam of the yellow of a sunset evening and therefore the blue tinge of a lotus flower. Sapphires ar noted for his or her extreme hardness – next only to diamond – and ar these days used for a good vary of commercial applications; together with lasers, solid-state electronic devices and electronic wristwatches. but in fact, the choicest use of sapphires is in jewellery – with necklaces, beads, rings, bands etc.
Did you know? one in every of the biggest yellow Sapphires Gems ever found weighed nearly 2020 carats, and was called the Tomahawk Tiger. it had been purloined and located nearly six years later!
Significance of the yellow sapphire Gems:
The yellow sapphire Stone is connected to the earth Jupiter. Jupiter, the biggest planet within the system, is related to virtues of luck and prosperity. dominated by the Guru, the teacher, this planet propels someone towards happiness and fulfillment through use of wisdom, and so the correct use of the yellow sapphire crystal will profit an equivalent. As Jupiter is justifiedly referred to as Guru (teacher) in Hindu mythology, one will especially bring himself/herself fortune within the fields of trade, analysis, teaching, situation, law, trade, business etc. It balanced the Vishudha chakra that is that the chakra for communication and expression. It enhances the self-worth and understanding skills of the user. it’s terribly effective in healing diseases of the throat and lungs.
The Peela pukhraj is additionally related to fertility and sensible wedding. It’s purported to be useful for unmarried girls (and men) World Health Organization ar trying to find stability in future marriages, and conjointly for married couples for peace and reduction in marital conflicts. In terms of ailments, the yellow sapphire, connected with the wearer’s skin has various effects in eradicating throat and thyroid issues. The yellow sapphire crystal, upon being bought and well-defined, may also carry negative energies, therefore the ring or stone is detoxified by dipping it in water nightlong.
How to establish a true Yellow Sapphire Gems:
• A real Yellow Sapphire Gems is one in every of the toughest noted minerals. It cannot be damaged, even by steel and may be scraped solely by diamond.
• It will not show any color changes if placed in milk for nearly daily.
Properties of Yellow Sapphire Gemstones
• Planet: Jupiter
• Indian Name: Pukhraj
• Sanskrit Names: Pusparaga, Pushyarag, Puspa-Raja , Guru-Ratna
• Hardness: nine (Mohs scale)
• Chakra: Vishuddha
• Cosmic Color: lightweight Blue
• Yellow sapphires ar most splendidly found in Srilanka, Madagascar and African nation and conjointly in Bharat and Russia. the biggest provides of Sapphires currently comes from Ceylone in Srilanka.
Care for your Yellow Sapphire Gems:
• The yellow sapphire Stone is incredibly exhausting, and will be cleansed with heat detergent water and a soft brush.
How to wear when shopping for Yellow Sapphire Stones
• Only a Gem expert or a Chakra practician will guide you regarding the correct crystal to wear and therefore the carrying methodology. once worn as per Rudraksha Ratna Science therapy where the Gem is about with Bhasma and metal, it offers solely useful results to the user.
• It ought to be worn on a Thursday
• Mantra: “Om Graam Greem Graum Sah Guruve Namaha”
• Best Day for wearing: Thursday
• Best Time for wearing: Pushya Nakshatra; Shukla Paksha
The Colored Diamonds
Fancy colored diamonds square measure amazing in that the colors not only carry psychological power however the colors of Fancy Diamonds conjointly replicate their creation and their history. As a diamond formed within the earth, the presence of sure elements and/or temperature fluctuations caused the color of the diamond to change as it was developing.
he impact of colors on psychological science is a locality of study that’s closely linked to the impact of colors on human emotions. colors are used effectively in everything from disapproval, assume Tiffany’s blue boxes, to dominant violence in prisons. The psychological power behind colors is fascinating. a colored ring has hidden which means and also hidden influence on the psychological science of the user and viewer alike.
Naturally colored diamonds, conjointly referred to as Fancy Diamonds, come in each color of the rainbow and that they are exceptionally rare. Blue, pink, red, purple and yellow are some of the most asked for colors in Fancy Diamonds. Fancy Diamonds can also are available black-gray, brown and even milky white. Before you get your Fancy Diamond, here are some fascinating facts concerning the psychological science of the color yet because the formation of the stones. Blue Diamonds
The Hope Diamond is the most famed blue diamond on the earth. Pure, cool, magically rich and deep, the colour blue is associated with purity and wealth. it’s the colour of intuition and peace. The presence of element once the stone was forming, ends up in stones that vary from a lightweight sky blue to a rich deep blue, the colour of the ocean. related to water and the sky, blue is the color of sophistication and calm.
Pink diamonds are exciting in their beauty and that they are known to bring astronomical costs at auction. It isn’t precisely known however pink diamonds square measure shaped but it’s thought that at some point throughout its formation the diamond was exposed to intense pressure inflicting an alteration within the crystalline structure of the stone. Psychologically, pink is related to femininity yet as fertility. Pink may be a calming color and it’s related to caring and relaxation.
Red diamonds are one in all the rarest stones on the earth. These stones are thus rare that not abundant is understood about them or their formation. Like pink diamonds, it’s thought that pressure during formation changes the crystalline structure leading to the wealthy red color of the diamond. Red is the color of passion and love. Fiery, important and volatile, red is also related to happiness and health.
Associated with royalty, purple diamonds command noble price tags. Purple is the color of fidelity, honor and courageousness and also the user of a purple diamond is assumed to possess good luck and long life. Purple is additionally related to the imagination.
Some of the most interesting diamonds, the colour green is thought to result from the irradiation of the diamond whereas it absolutely was forming within the earth. The result of the radiation causes the electrons within the crystalline structure to alter slightly resulting in the color green. Psychologically, inexperienced is associated with growth and fertility, with balance, renewal and rebirth.
Canary yellow diamonds are created through the addition of gas during the formation of the stone. Intensely yellow diamonds square measure the most common of the flowery Diamonds however they are still extremely rare. a number of the most effective yellow diamonds return from mines here during this country, in Arkansas. Yellow is that the color of happiness and wealth. Yellow reflects an intellectual individual. it’s conjointly related to joy and power.
Colored Diamond Benefits that you simply need to grasp Colored diamonds became progressively common in recent years. These distinctive diamonds are becoming the featured centerpiece on everything from engagement rings to beautiful necklaces. because the quality of colored diamonds surges, several square measure seeking more info about their background. Arpege Diamonds is proud to bring you some interesting and small known facts about colored diamonds.
Colored Diamond Facts 1. Diamonds square measure hierarchical based mostly off of color, clarity, cut, and carat size. In colorless diamonds, color refers to the lack of color; a superbly pure diamond has no hue. colored diamonds square measure hierarchical by an equivalent four characteristics, however the presence of sure colors will conversely increase the worth of the diamond. 2. Colored diamonds are hierarchical by The Gemological Institute of America (GIA) ranging from Faint, Very Light, Fancy light-weight, Fancy, Fancy Intense, Fancy Deep and Fancy Vivid with Fancy Vivid as the highest color grade. 3. The restricted availability of colored diamonds highly impacts their worth. just one in ten,000 mined diamonds will be colored. The Argyle mine in Australia, mines thirty million carats a year and fewer than I Chronicles square measure colored diamonds and out of these, solely a hand full are investment quality.
4. The rarest colored diamonds are red, blue, green, orange and pink. However, pink & red colored diamonds are thought of the most rare.
5. The easy law of supply and demand makes colored diamonds a valuable investment. Three different diamond mines in Africa have closed in recent years. The Argyle mine in Australia, that produces the most important amount of pink diamonds, is ceasing production within the short years returning. As for mines in Canada and Russia, they’re simply simply not producing enough colored diamonds for to stay up with the high demand. With associate inevitable shortage of colored diamonds on the horizon, costs still rise.
6. Colored diamonds are noted to bring astounding costs on the block. Pink diamonds are often selling for overrun seven figures. Yellow diamonds are showing the strongest growth potential.
7. Colored diamonds have seen associate inflated average value of 10-15% per year. Fancy colored diamonds ought to be looked at as a long-run investment chance. The come back may be substantial as there’s no true set value on such gems.
8. Don’t be fooled; there’s a distinction between natural color diamonds and treated color diamonds. The treated diamonds have their color more by artificial means, are mass created, and area unit thought of replicas, so lowering the worth of the initial diamond.
9. Cutting a colored diamond takes significantly longer than their colorless counterparts. colored diamonds square measure thought to realize their hue partly owing to the imperfections at intervals the stone that refract light otherwise than colorless stones. Thus, a totally totally different technique is employed by the diamond cutters and diamond cutters that frequently cut colorless stones wouldn’t incline the task of performing on a colored stone.