There was a fervent interest in the history of Scotland with collectors out in force, eager to acquire items from two remarkable collections which each tell the story of an important family steeped in the nation’s past: the Forbeses of Pitsligo, tastemakers rooted in 18th -century Edinburgh, and the Marquesses of Lothian, an ancient and noble lineage.
The star of the sale was the Fettercairn Jewel – a 16th century virtuoso enamelled gold pendant set with an almandine garnet on the back – which was acquired by National Museums Scotland. This bidding of this piece drove the final price to £236,750, exceeding the pre-sale estimate of £30,000-50,000.
Harry Dalmeny, Sotheby’s UK Chairman, said: “These two collections provoked intense bidding throughout a marathon sale which lasted nine hours and saw a steady stream of auctioneers take to the rostrum. We’re thrilled to have been able to share with both collectors and public alike, through such rich content, as many revelations about the history of Scotland as about the families who assembled them over nearly four centuries.”
David Macdonald, Sotheby’s Specialist in charge of the sale, commented: “Though both collections recently made the journey from Scotland to London for the auction, it’s lovely to think that many of the items will make the journey back home again, especially the Fettercairn Jewel. The response from private collectors, not only Scottish but from all over the world, has been extraordinary, and the fact that a number of institutions were able to secure works was a fitting conclusion to what has been a unique celebration of all things Scottish.”
13th Gem & Jewellery India International Exhibition is accentuated with SWAROVSKI’s ‘Hall of Fame’
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The expo scored high on the visual and aspirational aspect with The ‘Hall of Fame’, an eye-catching ‘SWAROVSKI ZIRCONIA Galleria’ that displayed new Gold Jewellery collections studded with Swarovski Zirconia from Swarovski`s branding partners across India – Emerald Jewel Industry, RKR Gold, Surya Golds, Amy Exports Imports, Anmol Jewellers (Hyderabad), Sanghi Jewellers and retail branding partner GRT Jewellers, capturing the trends of the season. Each piece showcased was a masterpiece that defined expertise in design, trend craftsmanship. Swarovski’s brilliant cut stones sparkled like diamonds. Mr. Rajendra Jain, Managing Director, Swarovski Gemstones said “It is indeed a great pleasure to be a part of this show and South India has always been an important market for Swarovski. The Chennai show is a platform to interact with major industry players under one roof. Swarovski has always been the definition of excellence, premium quality and latest technology. The jewellery displayed by our branding partners, made with Swarovski Zirconia is setting the tone for this year.”
The three day GJIIE (March 10th – 12th ) is the second largest gems jewellery B2B exhibition in India with participation of over 300 exhibitors that include wholesalers, retailers, importers and exporters, jewellery manufacturers, machinery manufacturers, diamond, gemstone, pearl suppliers and traders, precious metal and jewellery mounting traders and suppliers, and representatives from trade and governmental bodies. It is a gateway to the Indian jewellery market, with a special focus on South India’s repertoire, and provides an excellent platform for buyers and suppliers to connect, network, exchange ideas, discover upcoming trends and generate business opportunities. The expo continues to attract well-reputed local and overseas buyers, reinforcing the expo’s position as a proven and trusted sourcing hub for the industry. In addition to Tier I, II and III cities in India, the exhibition witnessed delegate representation from New York, Dubai, Singapore and Malaysia, thus substantiating the international reach and presence of GJIIE 2017.
GJF organizes 5th Preferred Manufacturers of India – Regional Networking Meet
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A true business and leisure initiative by GJF to promote and progress for the trade, The PMI program comprises country’s best manufacturers of Gold, Diamond, and Studded Jewellery and are renowned for the quality and range of products as well as innovation and exclusive designs, thus providing an excellent marketing platform for Manufacturers Retailers, providing 360o solutions to participants by fulfilling several business objectives. The preferred manufacturers participate in the programme for the span of 2 years, consisting 2 Grand Networking Meets and 5 Regional Networking Meets, each held over a 3 day period at a five star venue. The uniqueness of PMI is that it offers exclusive jewellery collection from the best manufacturers from Kashmir to Kanyakumari under one roof, offering a perfect blend of business and leisure/cultural experience to the trade fraternity.
This programme will help jewellers and karigars in this region, which has a tradition of creating unique handmade jewellery designs. The State of West Bengal has the largest numbers of karigars and goldsmiths in India, whose work is recognized across the world and their jewellery sells very fast due to high demand, in terms of craftsmanship and design.
Mr. Nitin Khandelwal, Chairman, GJF, said, “The PMI program is an unique opportunity for people engaged in jewellery business as such conference widened the relationship among jewellers, manufacturers and retailers. GJF has always explored new possibilities and ideas that provide structured and efficient platforms for all its stakeholders. In a fast paced business environment today, the need for speed, accuracy, delivery, service in addition to exclusivity and innovation has taken greater importance”.
Mr. G V Sreedhar, Immediate Past Chairman, GJF, said, “Networking for business is the new-age mantra for successful enterprises and PMI offers manufacturers a dedicated platform that facilitates better relationship building with the country’s most prominent jewellery retailers. It is a nice opportunity to meet and exchange views with leading jewellers at personal level and we hope, a large number of retailers will attend this 3-day conference.”
Mr. Sankar Sen, Director, GJF Chairman – East Zone, said, “PMI, Regional Networking Meet Kolkata promises retailers and manufacturers, a much more efficient event in terms of its features and value addition that are being planned to enhance the quality of the programme. The participants are amongst the best manufacturers of the country and hence some of the most exclusive collections are showcased. The platform provides an opportunity to interact directly with the manufacturer who has thorough knowledge and thus enhances the exchange of ideas, trends, innovation and best business practices”
Mr. Sumeet Anand, Co-Convenor, PMI Conference, said, “We are making every effort to create this PMI platform attractive where participants (only on invite) can update themselves with relevant topic in a changing market scenarios besides developing their clientele and business promotion. To make the Kolkata edition grander than its predecessors, sports legend Mr Saurav Ganguly shall be delivering motivational speech and accomplished odissi dancer Mrs Dona Ganguly shall be performing at the gala evening of 27th March, followed by performance by Sanjeeda Sheikh on 28th March gala nite”.
GJF has so far organized PMI meets in Jaipur, Chennai, Pune, Bangalore, Hyderabad, Delhi-Gurgaon, Coimbatore, Mumbai, Goa and is likely to organize the same in Delhi and Chennai
Sunil Nayak, CEO of Reliance Jewels said, “On having received a positive response on our last opening in Pune, we are very excited to launch our showroom at Aundh. We intend to provide our prospective customers high standard experience and quality products. Moreover we take great pride in celebrating this New Year with our artistic collection which will create an overwhelming experience for all the people visiting our new showroom.”
The new retail outlet offers a wide collection of earrings, pendants, rings, bangles etc., along with the timeless collections in diamond, gold, silver and gemstones.
SSEF warns trade of sapphires from Madagascar, having a ‘Kashmir-like’ appearance
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Dr. Michael S. Krzemnicki, SSEF notes that “The sapphires from this new source are characterised by a subtle and fine milkiness, which results in a velvety blue colour typical of top-quality Kashmir sapphires. In recent weeks, SSEF has analysed a significant number of sapphires from this source which were submitted to it by several reliable independent sources.”
Bemainty/Ambatondrazaka is the site of a new gem-rush in Madagascar. Dr. Michael S. Krzemnicki, SSEF further noted that, “Unfortunately, many of these new sapphires are accompanied by gemmological reports describing them as being of Kashmir origin. We have recently tested a sizeable number of such ‘Kashmir-like’ sapphires submitted by clients, and ranging in weight from 5 to 50 cts, and concludes that many of these gems of so-called Kashmir origin actually originated from the new deposit near Bemainty/Ambatondrazaka in Madagascar. Our findings are based on meticulous microscopic observations, and also on an array of sophisticated scientific methods, for trace element concentration. The arrival of large quantities of new sapphires of Kashmir-like appearance is challenging for the gem market and gemmological laboratories alike, especially as we know that some of these Madagascar sapphires are being purposely introduced into the gem market with fraudulent claims of historic Kashmir provenance.”
“Crafted in precious gemstones and diamonds, the collection is dedicated to women who like to keep it minimal with jewelry especially in summers. The collection exhibits the idea of light and dainty jewellery,” says Ms.Chitwn D Malhotra, Lead Designer and Founder, Dillano Luxurious Jewels Pvt Ltd.
Judges singled out DBCM’s “disciplined approach” as being “best-in-class in the industry” and referenced the success of its sustainable wildlife management practices and promotion of wildlife tourism. De Beers Wildlife, a part of DBCM, manages around 67,000 hectares of land in the Kimberley area of the Northern Cape.
It began to introduce a variety of species, including elephants, hippopotamus and crocodiles, at its ranches in the early 1970s and was one of the first breeders of disease-free buffalo in South Africa. It also safeguards more than 35 species on its sites that are classed as either endangered, threatened or protected, and hosts viable populations of sable, roan and tsessebe antelope.
Piet Oosthuizen, Senior Manager, Ecology and DBCM Properties, said: “As a company, we have had a strong focus on biodiversity management for many years. For every hectare of land affected by our mining activities, De Beers Group manages five times that amount for conservation. Managing game animals is a privilege and we make sure we do so in a manner that contributes value to the ecosystem without losing sight of the responsibility this brings with it.”
De Beers Wildlife is also involved in various conservation-related youth programmes, including providing post-school training, in partnership with the Northern Cape Nature Academy, to support students who want a future in the game industry. Tertiary education is further supported through two dedicated research facilities for the use of students.
Beauty is eternal and joy is evergreen. Capturing the essence of this combined etherealism, Aurelle by Leshna Shah preserves your elegance with its exquisite range of enchanting emeralds.
Inspired by hues of green and the radiance of spring-summer sapphire skies, the collection relives regality with the contemporary twists. Encased in 18K white gold, the collection exudes warm and vitality of nature reflected by precious stones like black diamonds, emerald beads, white diamonds and champagne diamonds that is committed to enhancing your eternal grace in every occasion.
Dollops of grace in the form of emeralds and precious stones adds finesse to your panache. Each piece defines your charm with suave reverence.
The two-day event, taking place on 9th – 10th April at the Address Hotel, Dubai Marina.
The discussions will focus on how shifting geopolitics will impact the trade flows of precious metals. The panels and workshops that will take place across the two days will look at various topics including the importance of branding in the global precious metals industry, applications of the global Shariah standard in gold, implications of taxation for gold in global hubs and the dawn of a new era in the global bullion industry.
Sanjeev Dutta, Executive Director, Commodities, DMCC, said: “With Dubai as a leading hub for the gold and precious metals trade, DPMC provides key industry stakeholders a platform to connect and strengthen relationships across the value chain at a crucial time.”
In line with Dubai’s focus on innovation, topics like the future for precious metals and the new era of the bullion industry will be discussed. There will also be master classes in technology innovations in the industry, such as the role of 3D printing in jewellery manufacturing and understanding Blockchain. Representatives from GCoin and The Royal Mint will lead discussions around how Blockchain works and supports transparency and efficiency for responsible sourcing, as well as its application in live transactions. The dawn of a new era in the global bullion industry will be taken up in a separate panel session, with representatives from Sharps Pixley, London Metal Exchange, and Ekaterinburg Non-Ferrous Metals Processing Plant. The new global Shariah standard in gold, with a panel dedicated to the phenomenon, moderated by Gerhard Schubert, Founder and Managing Consultant, Schubert Commodities Consultancy DMCC will be held. Participants will include representatives from Amanie Advisors, Emirates NBD, and Bank Lombard Odier Co.
Dutta concluded, “By capitalising on the Emirate’s geographic position, sophisticated infrastructure, and regulatory standards, DMCC has connected markets between the East and the West. We look forward to continuing to work collectively with the industry to support the growth of this sector, and strongly believe that the events like DPMC go a long way towards this goal.”
Sierra Leone government announces an offer of sale for the 709.48-carat diamond
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The diamond is currently in the country’s central bank. The diamond can be viewed at the Bank of Sierra Leone between 29th March to 5th April 2017. Bidding documents are made available for purchase by paying a non-refundable fee of $ 5,000. A bid security of $50,000 is also required, reports add.
The diamond was discovered by the pastor in the Kono region. It was who presented it to President Dr Ernest Bai Koroma on March 15 by a local chief. Reports suggest that the President thanked the chief and his people ‘for not smuggling the diamond out of the country’ and mentioned the importance of selling such a diamond within the country, as it will clearly give the owners what is due them and benefit the country as a whole. The President assured that the selling process would be transparent and to the highest bidder, reports add.
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