Glittering Stones News,Diamonds news,Gems and jewelry news

India’s gems and jewellery exports recorded an unusual growth in September on the back of a rise in demand of mid- and low-end diamond jewellery in the US. The US constitutes nearly 40 per cent of diamond jewellery spending in the world. Data compiled by apex deal body, the Gems & Jewellery Export Promotion Council (GJEPC), showed that the total exports rose a staggering 56 per cent to $4,061.87 million in September, against $2,602.26 million in the corresponding month of the previous year.
In rupee term, though, the total shipment rose 48.42 per cent at Rs 18,708.96 crore from Rs 12,605.36 crore in September 2009. generally imports of gems and jewellery also rose sharply at $2,849.88 million (Rs 13,126.54 crore) in September — an increase of 62.24 (54.27 per cent) as compared to $1,756.53 million (Rs 8,508.63 crore) in the corresponding period last year.
During the first half of this financial year, the total use of cut and polished diamonds stood at $12,714.83 million (Rs 58,606.45 crore) recording a growth of 61.54 per cent (53.44 per cent in rupee term), compared to $7,870.91 million (Rs 38,194.82 crore) for the same time last year. According to a announcement by GJEPC, overall trade (exports and imports) of cut and polished diamonds stood at Rs 58,606.45 crore and Rs 38,846.79 crore between April and September, as compared to Rs 38,194.82 crore and Rs 23,699.78 crore, correspondingly, during the equivalent period last year.
Provisional import of gold jewellery for the first six-month period stood at $5,340.46 million (Rs 24,573.98 crore) recording a growth of 20.04 per cent (13.74 per cent in rupee term) from $4,448.75 million (Rs 21,606.29 crore) in the corresponding of the previous year. In difference, export of coloured gemstones was at $138.79 million (Rs 640.95 crore) recording a refuse of 2.06 per cent (6.73 per cent fall in rupee term) in the first half of the current financial year, compared to $141.71 million (Rs 687.22 crore) in the same period last year.

Namakwa Diamonds, a diamond resource group whose operations focus on southern Africa, is tendering an very rare large orange diamond at its mine in South Africa’s North West Province, the diamond company has announced. The orange diamond weights 7.53 carats, is assessed to be of perfect potential, and its color has been assessed as Vivid Orange – an extremely rare hue, since most orange colored diamonds bear tinges of yellow or pink.

In 2002, actress Halle Barry wore a Harry Winston necklace set with the 5.54-carat Pumpkin Diamond – possibly the most famous orange diamond in the world. In calculation to the large orange stone, Namakwa also improved a 26.74-carat white diamond with a color grade of D, which is also part of this month’s tender. Heno Kruger, Head of Sales and Trading at Namakwa, said of the two finds that the company was “experiencing great interest” from all centers of the diamond trade. These two diamonds, Kruger sustained, highlighted the quality of the resource that Namakwa was mining on its North West Province property. “Given the infrequency and desirability of Vivid Orange stones of this size, we imagine it to be the talk of the town for some time to come”. For more details about Diamonds visit: www.glitteringstones.com

Jeweller Tara Jewels is scheduling to tap capital market with a public issue of Rs 200 crore. It has filed draft red herring catalog with the market regulator SEBI. The issue comprises a fresh issue of upto Rs 150 crore and an offer for sale of upto Rs 50 crore by by Fabrikant H K Trading Limited. The issue also includes a condition of upto 1% of the issue size for the eligible employees.
Tara Jewels is an included player in the jewellery industry with experience ranging from designing to retailing of jewellery. It conducts jewellery retail business under the brand “Tara Jewels” and will be rebranding it as “Tara Jewellers” shortly. Issue proceeds are planned to be used for the expenses of establishing retail stores and repay or pre-pay loans.
In the FY 2010 and FY 2009, it has achieved an collective production of 2562.91 kgs and 1551.50 kgs of jewellery, respectively. As on September 15, 2010 the company operates 15 existing stores.
Tara Jewels intends to start 15 proposed stores across India by December 31, 2010. Sales from retail operations jumped 511.83% to Rs 14.27 crore in FY 2010 from Rs 2.33 crore in FY 2009. It has reported total income of Rs 815.95 crore in FY10, an enlarge of 2.01% over previous year and net profit after tax of Rs 24.112 crore, an increase of 185.05% over FY09.

Bangalore-based jewellery designer Ria Joseph specializes in creating unique designs, which leave an everlasting impression. Her forte lies in creating recent silver jewellery with semi-precious stones. On a normal day, Ria Joseph begins her morning by teaching a demanding class of power yoga, before grabbing a saw blade with her gloved hands to manufacture jewellery- right from the melting and mixing to the molding and casting processes. Ria always wanted to do something in the creative field and her love for jewellery is what encouraged her to pursue jewellery manufacturing and design course at the Indian Institute of Jewellery (IIJ), Mumbai.
Ria creates modified and affordable silver jewellery with semi-precious stones that has a suggestion of indo-western influence. Her inspirations come from nature and its a mixture of forms. Since modern jewellery is just as fashionable as contemporary designs, she offers her clients both. Her business line is all about classic pieces while the fashion design line has jewellery that can be worn for parties and weddings. While the business collection goes heavy on semi-precious stones, the couture line liberally uses gold and silver.

She also offers session and custom design services, handcrafting inspiring one-of-a-kind items to meet her clients’ specific needs, she says “I also customize jewellery and it’s a different knowledge as the outcome is always something interesting. Ria supplies her jewellery to four other cities and she still showcases her collections at exhibitions, “My jewellery is supplied to stores in Hyderabad, Delhi, Bombay and Calcutta. I design according to period and trends and there’s always something new.

A Birmingham, UK-based designer has created a pair of gold and diamond high heeled shoes, wonderful for a flashy night out on the town. The shoes are finished of solid gold or platinum and are encrusted with 2,200 brilliant cut diamonds totaling 30 carats.

The timeless Borgezie Diamond Stilettos were designed by Christopher Michael Shellis and were handcrafted by a team of goldsmiths and stone setters who work at the House of  Borgezie.

The patent awaiting shoe design features a stamen fluted heel, which draws its inspiration from the elegant stamens of a lily. According to the House of Borgezie website, a pair of diamond stilettos retails from £100,000 or $155,000 and comes with a 1,000 year assurance.

The gold shoes have been examined and hallmarked by the Birmingham Assay Office.