[Gift Jewelry : Pearl Necklace, Pearl Bracelet, Pearl Ring and Pearl Earrings] 5/04/2018 01:33:00 PM

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Trading Network RapNet Diamond Trading Network announced the launch of the Spanish version of its multilingual website. The introduction of the RapNet website in Spanish will allow Spanish-speaking participants in the diamond community to access local and international markets through RapNet and increase their trading activity.
RapNet Operations Director Saville Stern notes: "We recognize the importance and importance of the Spanish-speaking segment of the diamond market and are extremely pleased that we now have the opportunity to communicate with thousands of our customers in their own language."
RapNet, a professional diamond trade association, brings together over 12,000 exhibitors from 80 countries, and more than 1 million diamonds worth about $ 6.6 billion are being sold for sale within this network. RapNet website versions are available in English, Chinese, Gujarati, Japanese and Spanish.

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Posted By Blogger to Gift Jewelry : Pearl Necklace, Pearl Bracelet, Pearl Ring and Pearl Earrings at 5/04/2018 01:33:00 PM

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The Indian jewelery and jewelry industry has faced another problem - the fall of the Indian rupee, according to a weekly message from Diamond World. Last week, the exchange rate against the US dollar reached a record low mark - one dollar was equivalent to 58.64 rupees. Thus, from May 1, 2013 the rate of the rupee fell by 7.7%. Procurement of rough diamonds is made for dollars, and importers now have to pay more for the previous volumes of diamonds they buy. At the same time, diamond sales in the domestic market are not very active, market participants are afraid of inflation after weakening the national currency, which, according to some statements, will cause a drop in demand and sales.
This circumstance to a large extent spoiled the mood of Indian jewelers, already affected by the government's policy and the situation in the financial markets. Recently, the import duty on gold was raised, which increased from 6% to 8%, which jeopardized gold sales due to price increases.
All these unfavorable factors lead to the question of how jewelry manufacturers will calculate profit margins and how this will affect the final price of their products.
Although by Friday the rupee had played a little position from the dollar - the exchange rate was 57.79 / 80 rupees per US dollar compared to 57.98 / 99 rupees per dollar as of the closing of stock markets on Thursday - the markets are in shock and hope to improve the situation in the near future.

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Presidents of the World Federation of Diamond Bourses (WFDB) and the World Jewelery Confederation (CIBJO) Ernest Blom and Gaetano Cavalieri signed a cooperation agreement, according to which both organizations will seek to coordinate positions with a view to positive influence on the events in world diamond and jewelry sectors, WFDB reported.
The agreement was signed at a meeting of WFDB presidents in Istanbul.
While WFDB and CIBJO will fully retain their independence as an organization, they will coordinate positions on gemological standards and nomenclature; standards and methods of recognition of synthetic stones processed and manufactured using modern technologies, imitating natural diamonds and precious stones; corporate social responsibility, good governance and sustainable development, including the Kimberley Process.
The parties will also exchange knowledge, information and assessments on developments in the international diamond and jewelry markets, protecting the integrity of members of both organizations around the world.

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The Indian group of companies Gitanjali Group announced partnership with the retailer of luxury goods Paris Gallery as part of the launch of the Gili brand in retail stores located in Dubai, Abu Dhabi, Al Ain, Sharjah in the UAE, as well as in Bahrain and Qatar. Rapaport. Paris Gallery will also be responsible for retail sales of the Giantti Italia brand collection.
Gitanjali Chairman Mehul Choksi said: "Thanks to the expansion of the market for our popular and most successful Gili and Giantti Italia brands, Gitanjali retail outlets in Paris Gallery shops can offer consumers products that are suitable for any occasion and are available in any price range. The design of our products is distinguished by an original combination of Indian and Western style ... The alliance with Paris Gallery gives us excellent opportunities to increase the market share of the UAE and increase its value. "
Paris Gallery Director General Mohammed Abdul Rahim Al Fahim noted that the prerequisite for cooperation with Gitanjali was the desire to follow the needs and wishes of consumers in order to offer them the best quality products in a wide range and Gitanjali meets these requirements. "

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Richline Group Inc., a wholly owned subsidiary of Berkshire Hathaway, has signed an agreement to purchase a brand of products from cultured HONONRA pearls, Rapaport reports.
It is expected that the transaction will be closed in July 2013, the company said.
Richeline President Dave Meleski said that the key goal of the deal will be the use of the HONORA brand financial opportunities and support for Richeline to ensure growth in the domestic and international markets.
"HONORA will ensure the expansion of our product range, being one of the dominant players in the category of jewelry with pearls," Meleski said.
The new structure of the company assumes that the current CEO of HONORA Joel Schechter and President Ralph Rossini will retain their positions and will manage the company as a separate brand within the Richline brand division within the Berkshire Hathaway structure.
Richline Group was formed in 2007 as a manufacturer and retailer of jewelry, it owns brands such as LeachGarner, Inverness, Rio Grande and Richline.