Chow Tai Fook Jewellery Group Limited said that its sales performance in both Mainland China and Hong Kong & Macau markets during the three months ended September 30, 2019 were negatively impacted by the uncertain macro environment and a surge in the international gold price. In Mainland China, sales were up 4% in value terms thanks to new store openings, while in HK & Macau, sales dipped by a massive 35%.

Gemological Institute of America (GIA) has committed to invest a sum of US$ 1.3 million to expand the distribution of its innovative gem guide for artisanal miners to other communities and countries in Africa. This follows the successful completion of a pilot in Tanzania and feedback from small-scale coloured gemstone miners there.

De Beers Group Auctions recently launched its new auction portal, which, the Company says, “provides customers with an improved bidding experience”.

In his blog titled “KYC: Bridge Over Troubled Water”, President of the World Federation of Diamond Bourses (WFDB) Ernie Blom has called for all members to adopt the Know Your Customer (KYC) principles and process while conducting business.

The Gem & Jewellery Export Promotion Council (GJEPC) organised two special seminars – one each for the artisan and jeweller communities – at Jabalpur to create awareness about the different government programmes available for the MSME companies in the G&J sector and to inform them about various initiatives taken up by the Council for those working in the industry.