Glittering Stones News,Diamonds news,Gems and jewelry news

Tata Motors’ Nano may not be set the small car market on fire but there is no question that there is a lot of glitter.

The company has just unveiled the Gold plus Nano, a one off showpiece product that sees the car covered with 80kg of 22 carat gold, 15kg of sliver and 10,000 semi precious stones and precious stones.

This is indeed not the “people’s car” that Tata Motors had announced with much big deal a couple of years ago, but the Gold plus is certain to catch everyone’s eyes.

The car was revealed at Tata Theatre in Mumbai by Ratan Tata, chairman of Tata Group.
Today, gold is priced at Rs 28,147 per 10 grams and with over 80 kg of the yellow metal used to decorate the Nano, it is precious.

The gold only would be worth $4.68 million.

Gold plus is a Tata owned jewellery chain that was accountable for this gold enclosed Nano. The car was crafted to celebrate 5,000 years of jewellery making in India.

This car will be on exhibit at some of the company’s showrooms for the next six months wherever viewers can get a look at this show of opulence. But no test drives, please.

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Washington, June 2: The world’s sexiest woman Rosie Huntingdon Whiteley has expressed her desire to design her own jewellery line and see herself working more in fashion design 10 years down the line.

“I expect to have my own jewellery line, plus lingerie and cashmere.

That’s somewhere I see myself in five or 10 years. Designing,” Contact music quoted her as telling Elle Magazine.

Though the 24 year old model has ventured into acting with the front role in ‘Transformers: Dark of the Moon’, she has plans to go back to fashion eventually.

However, she is eager to develop her interests in the business side of the industry only.

FOUR gemstone “globe” lamps value about £3,000 were stolen during a burglary at a Coventry home.

The attractive table lamps, modeled on world globes, were stolen from a house in Bolingbroke Road, Stoke, on Saturday, March 26, after offenders damaged a rear window to get in.

The robbery happened while the owners were out, between 4-10pm. The thieves also complete off with jewellery, a TV, two laptops, cash, games consoles and passports.

The distinctive lamps slot in numerous crystals, amethysts and precious malachite stone.

All four lamps have brass stands and variety in size from 15-33cm in diameter.

Detective Constable Nicola Orr said: “These are very strange lamps modeled on a traditional world globe.

It is almost certain the offenders will try to sell them either to shops or directly to members of the public.

so I had ask anyone who has been approached to get in touch as they could have information that will help us apprehend the culprits.”

Indian gems and jewelry exporters are shifting their focus to China as the country’s fixed export markets such as the US and Europe got adversely impacted by the huge global slowdown, said Executive Director at the Gems and jewellery Export Promotion Council (GJEPC), Sabyasachi Ray, in New Delhi on Monday.

He said, “The total marketplace is shifting at present. We can see that the US market can go down from 42 percent to 34 percent in upcoming, and Europe from 11 percent it will come down to 7 percent. This is how the shift is occurrence.”

“The marketplace is shifting to China. For India, it does not matter whether it is Europe or China. So, we have been marketing in China in a big manner. So, China can replacement whatever we are having in the European or US markets.

He also feels that the European market because of the global financial crisis will choose for cheaper products, which can likely be an opportunity for India as it is shifting market base to other markets (especially in China).

In fact, India’s share of exports is also rising globally as compared to other destinations such as Italy, Turkey, Germany, etc..

However, the markets such as China, Russia and Middle-East are some countries where India is demanding to expand in terms of its exports at present, he said.

On the export front he also mentioned, “Sell overseas growth is very positive. We are witnessing growth in the jewelry section of around 12 percent. In fact, diamond exports have grown up by 30 percent.”

“We expect of approximately 20 percent growth by the end of this fiscal”.
During the period from April-October this financial, total exports of gems and jewelry rose 41.64 percent in dollar terms at $21.39 billion as compared to $15.10 billion in the corresponding period of the previous year.

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.