News in Special Topic
from Jewellery World Review Magazine HERE!
UPDATE The World Gold Council The World Gold Council (WGC) working together with its member companies and the leading gold refiners has produced a draft framework of standards designed to combat gold that enables, fuels or finances armed conflict. The draft standards represent a significant, industry-led response to this challenge and are designed to enable miners to produce a stream of newly-mined gold which is certified as "Conflict free" on a global basis......
................................................................................................................................... FACE TO FACE Henry Ho, Jewelry Trade Center's (ITC) EXecutive Director announces JTC Lucky Gem Promotion.
Henry Ho, JTC's Executive Director, recently announced the JTC Lucky Gem Promotion which will be held from 1st August to 31st December, 2011......
................................................................................................................................... BULLETIN Disaster is waiting around the corner
The World Diamond Council expressed its regret about the inconclustive end to the recent Kimberley Process Intersessional Meeting in Kinshasa. The WDC has called on all parties to renew efforts to reach agreement over the future of exports from Zimbabwe's Marange region. In the meantime, the WDC urges all mebers of the trade to deal only in rough diamonds that are accompanied by KP certificates that comply with the consensus decisions of the Kimberley Process........ India is likely Standard Chartered launched its India Supercycle report, which outlines twelve key challenges that India must overcome in order to become the world's third biggest economy behind the US and China by 2030, with about 10% of global output. The report believes India can grow faster, on average, than China over this period, with annual growth of more than 9%, driven by India's creative potential, emergent middle class and increasingly youthful working age population..... India remained Dubai's The Dubai Multi Commodities Centre Authority(DMCC), the licensing authority for the Jumeirah Lakes Tower (JLT) free zone, announced that the total overall value of gold traded through Dubai in 2010 reached a record US$41.3 billion, up 18% from 2009, driven by the increase in the average price of gold.......... The growing consumer The 2011 Antwerp Diamond Conference wrapped up recently after two days with a focus on the rapidly changing jewellery marketplace, and the measures that the industry need take in order to manage the changing business environment. The first session examined expected developments in the diamond jewellery consumer markets towards the year 2020.........
Sustained momentum The outlook for global gold demand remains robust throughout 2011 against a background of another strong quarter, the geographic and sectoral diversity of demand and strong fundamentals, the World Gold Council (WGC) has said. According to the WGC's "Gold Demand Trends" report for Q1 2011, demand for gold in the rest of 2011 will be driven by a number of key factors.....
Natixis Commodity There are a number of factors that Natixis says make it cautious towards the outlook for precious metals, particularly gold prices and silver prices. Most important is the potential for higher interest rates in most key regions. This trend has been in place among developing countries for some time. More recently , the ECB has begun to hike rates, while the end of QE2 may also boost interest rates in the US. This would raise the opportunity cost of holding a low-yielding asset such as gold , as well as potentially strengthening the dollar. The bottom line is that one of the key drivers behind the rapid expansion of high powered money may be coming to an end........
Platinum jewellery In line with global economic recovery in 2010, gross demand for platinum increased by 16% to 245. 1 tonnes, according to Johnson Matthey in "PLATINUM 2011," released recently.....
Richemont's jewellers Richemont, the Swiss luxury goods group, announces its audited consolidated results for the year ended 31 March 2011. Richemont said it has met the challenging environment of the past year by achieving strong sales growth across all segments and all geographic regions. The year under review has seen record sales and profits for the Group's Jewellery Maisons and specialist watchmakers, despite the stronger Swiss franc. Profitability at Montblanc improved with progress also being seen in the performance of the Fashion and Accessories Maisons......
................................................................................................................................... FASHION JCK 2011 Platinum Innovation Platinum Guild International USA awarded eight outstanding platinum designs at the recently JCK Las Vegas 2011 show, where it announced the winners of the 2nd annual JCK 2011 Platinum Innovation Awards.....
Pearl Jewellery The South Sea Pearl Consortium is an international non-profit organisation that promotes South Sea pearls worldwide. Founded in 1995, the South Sea Pearls Consortium ia non-profit organization created by Nicholas Paspaley and several like-minded people to educate jewellery designers and retailers, as well as consumers, to the special qualities of the South Sea cultured pearl. The Consortium now has a presence in Europe and the US as well as in Asia, providing information to the press, retailers, designers, and consumers..... Rio Grande celebrates At a gala celebration dinner held during JCK Las Vegas 2011, Rio Grande congratulated the Grand Prize winner and 12 category winners of the eleventh annual Saul Bell Design Award competition. From hundreds of submissions, a panel of judges chose 30 finalists and, from these, 12 winners triumphantly emerged.....
Chamilia Chamilia is one of the fastest-growing personalized accessory brands in the world, creating extraordinary, innovative jewelry for women with an eye for fashion. Chamillia's collections of beads, bracelets, necklaces, and earrings are sold in fine jewelry stores and boutiques across the globe. The company's premium quality and unique designs distinguish it from all other jewelry brands. Chamilia jewelry is made of the finest materials, including 14K gold,. 925 sterling silver, Swarovski® Elements, Italian Murano glass, and includes the Siena Collection, the Sojourn ™ Collection, and a Swarovski Chamilia Joint Collection. Founded in 2002, the company is privately held and headquartered at Minneapolis, Minnesota, in the US..... Lancia host Fashion Along with UK supermodel Naomi Campbell and Italian Vogue, Lancia hosted a Fashion for Relief Japan Appeal at Cannes, recently. A spectacular runway to a red carpet fashion show and a cocktail soirèe was held at the historic Forville market, Cannes, France. Aligning the stars of fashion, art, and entertainment this important event will benefit those afected by the devastating earthquake and tsunami in northern Japan......
................................................................................................................................... TALKABOUT India's love affair The World Gold Council (WGC) research shows that by 2020 cumulative annual demand for gold in india will increase to excess of 1200 tonnes or approximately Rs. 2.5 trillion, at current price levels.....
................................................................................................................................... SCENE The Grand Ruby The Gem and Jewelry Business Development Committee of Thailand (GCT) launched the biggest jewelry road show in Thailand from April 29th till May 1st 2011 at the Life Style Hall of Siam Paragon at Bangkok. The event's highlight is a majestic ruby with a crafted image of His Majesty the King and Her Majesty the Queen. It was created to mark the occasion of 61st Anniversary of the Royal Marriage on April 28th, 1950...... Antwerp diamond trade The Antwerp World Diamond Centre (AWDC) has signed a memorandum of understanding with the largest bank in China, ICBC. For some time already, the bank had been looking into alternative investments for its 240 million private and corporate clients and has now found such an investment in the AWDC. ICBC is China's largest bank and the world's third largest..... Jaeger-LeCoultre
Jaeger-LeCoultre, the official partner of The 14th Shanghai International Film Festival, held a benefit gala dinner recently at the Waldorf Astoria on the Bund. Jaeger-LeCoultre, a major player in Swiss watchmaking history since 1833, presented the Duomètre à Quantième Lunaire limited edition watch, piece No. 1/200 as a donation to SIFF to restore Chinese film heritage. More than 200 guests gathered at Jaeger-LeCoultre event to help raise funds for the preservation of Chinese Classic movie culture and promoting Chinese film industry.....
................................................................................................................................... FAIR REVIEW New global exhibitors join IJT 2012 The 23rd International Jewellery Fair Tokyo (IJT 2012), Japan's largest jewellery trade fair, will be held next January, attracting 1,350 exhibitors from all over the world to do business with some 40,000 quality buyers. Recently, the organizer said, there have been an increasing number of new international exhibitors joining IJT to seize the opportunity to be part of a big new market movement in Japan.....
................................................................................................................................... JEWEL Intergem Every year in autumn a small town in the Hunsrück turns into a worldwide fair, a metropolis of the gemstone industry. The 27th Intergem, held over 30th Sept. - 3rd Oct. 2011, the trade fair for gemstones and jewelry in Idar Oberstein, Germany is one of the main appointments in the trade calendar, because the fair takes place in the middle of the gemstone region. Purchasers and jewelers anticipate this year's Intergem with great excitement.....
................................................................................................................................... TIMEZONE Swiss watchmaking The Swiss watch industry made great strides in May, 2011 with a second consecutive month of growth in excess of 30%, said the Federation of the Swiss Watch Industry FH, recently. Watch exports attained a value of 1.6 billion francs, an increase of 31.6% compared to May 2010. For the first five months of the year the result stands at 7.1 billion francs, +21.7%....
................................................................................................................................... INNOVATIONS Perfect Cut Jewelry Designs Perfect Cut Jewelry Designs, a division of Art Tec Ltd., a New York City-based manufacturer of precision-set jewelry, has introduced an easy way for retailers who carry its line to customize product instantly with their clients. The entire Perfect Cut Jewelry Designs collection can be viewed online, enabling jewelers to work with their customers at the counter and choose more than 900 ways to customize its products..... AUCTION Tony Duquette's Talismans Bonhams & Butterfields' offered the Tony Duquette "Talismans of power" auction, which followed the firm's recent sale of 20th Century Decorative Arts. The energy in the full Los Angeles saleroom was electric as the auctioneer hammered the sale 100% sold, the company said. The unique collection was comprised of approximately 135 lots of jewelry, designed and created by the famed Tony Duquette...... ...................................................................................................................................
