Glittering Stones News,Diamonds news,Gems and jewelry news

The State Depository of Precious Metals and Gemstones group at the RA Ministry of Finance set the government purchase and release prices per gram of chemically pure metal (standard gold) for August 9-16, 2010, the press office of the RA Ministry of Finance reported.

According to information provided, the set prices are as below: gold: purchase price: AMD 12906.83 (+85.23), release price: AMD 14029.16 (+92.64); silver: purchase price: AMD 198.67 (+3.54), release price: AMD 215.95 (+3.85); platinum: purchase price: AMD 17129.42 (+159.96), release price: AMD 18618.93 (+173.86); palladium: purchase price is AMD 5411.24 (+173.62), release price is AMD 5881.78 (+188.72).

We have told you about our love of all equipment produced here in NYC, so you can imagine we’re pretty sweet on local jewelry line DANNIJO. It is Founded by sisters Danielle and Jodie Snyder, the gems soon came to our attention three years ago with their capsule collection to benefit L.W.A.L.A., which supports sustainable projects in Africa. Natalie Portman will be soon came onboard, and the celeb following exploded—Beyonce and Blake Lively all regularly rock the group. Think rusty silver and gold-plated metal that work beside crystals, semi-precious gems, and found objects. There are color palettes that feed India and Africa, with chunky cuffs, statement necklaces, and eye-catching rings constitute a collection that’s one epic boarding exceed.

R29 GIVEAWAY:

If you desire to get in on the around-the-world-adventure, we’re giving you a chance to win this amazing Aalia announcement necklace from fall ’10, that retails for $595. To make the gems, comment on this story with your ideal global purpose. The answer that makes us want to buy a plane ticket wins!

China is the best place to go. This is the new motto of India’s diamond jewellery majors. Even though the China Govt. Last year arrested around 30 Indian diamond traders, mostly from Surat, the tempt of business is forcing Indian diamond jewelers to rush to the socialist land. In the past some days several Indian companies have set up shop there, which helped them rush over the fall in demand from the US market due to economic downturn.

Another reason is driving Indian diamond jewellery firms to go to China is that the International Monetary Fund (IMF) predicted a 10.5 per cent financial growth for China in 2010. That means people in China will have lots of money to expend in the coming years. So, Indian diamond traders are locating up shop in China to big business from the dragon land. The newest to join this rush is Gitanjali Gems, which has announced plans for a venture into China. The investment fund is $3.5 million.

Gitanjali is situates to open 550 stores in India by the end of the economic year, as it seeks to push demand here. The jewelry exporter also announced plans to spend $85 million in the next 18 months to enlarge its retail business in India and the overseas markets. Demand for gold jewels studded with diamonds was rising at 15% to 25% for the last three years in China. India, the world’s main purchaser of gold, financial records for over 20% of global demand. The company feels that Chinese consumers need to be broken in the same manner as Indians. Earlier, platinum metal was the hero. Now, the amount of the diamond market in China is almost double that of India.

Gitanjali Gems Ltd. India’s biggest jewelry retailer plans to open about 500 stores by the end of the economic year as it seek to tap demand in the world’s biggest gold-buying nation.

In this company plans to add 300,000 square feet of retail space in the year through March 31, up from its present 1 million square feet, Mehul Choksi, chairman of Gitanjali, said in a telephone interview from New Delhi. The company also plans to make bigger in China and the Middle East.

The retailer is increasing in Asia’s third-biggest economy as economic growth and rising incomes raise demand for gold and diamonds, specially for use at weddings and religious festivals, such as the Akshaya Tritiya holy day when many Hindus buy gold. Jewelers, including Gitanjali, have countered growing prices for gold and diamonds by offering cheaper products.

Choksi said, “When prices go up that doesn’t mean the product doesn’t popular, it’s just that you have to redecorate the jewelry to reach out to more people.  Shares in Gitanjali rose 0.6 percent to 127.4 rupees at the close of trading in Mumbai, forthcoming its highest level since Jan. 14. They previously rose as much as 1.1 percent. The standard Bombay Stock Exchange Sensitive Index declined 0.1 percent.

The company, based in Mumbai, aims to move up its share of India’s jewelry market to 5 percent from 3 percent. He didn’t say by when their company plans to reach the target. The government estimates financial growth will go faster to 8.5 percent in the financial year ending March 31, from 7.4 percent in the previous 12 months. Choksi said, This company plans to double the number of stores in China to 100 in the next three years. Gitanjali also plans to open its first company-owned opening in the Middle East, where its products are currently sold through 50 non-exclusive jewelry stores.

So Jewellery’s latest collection of Spheres Pendants has been shortlisted forthe ‘Gift of the Year 2010’ honor by the Giftware Association.

These fashionable silver spheres are combined or fiber ‘solo’ onto extendable chains to create an individual and unique jewelry. Its available in silver, yellow gold, rose gold and smoky black, each sphere and chain has an anti-tarnish finish to promote a high shine and delay tarnishing. The Retail prices starts at £45.

So Jewellery is placed at the lavishness end of the affordable gift and jewellery markets, offering a variety of modern yet stable designs of silver. Sometimes with 18ct 3-micron gold plating, set with brilliant-cut diamonds, semi-precious stones, freshwater pearls and Swarovski crystal pearls.

So Jewellery presently has over 180 stockists in the UK and Ireland. And they trying to build on its core offerings with more depth and breadth of designs within the distinct parameters of the brand’s fashionable demand. Last year the launch of a collection of cufflinks from the ‘So Male’ range in 27 of John Lewis’ stores.