[Wedding Pearl Jewelry | Bridal Pearl Necklace] 4/15/2018 09:39:00 AM

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Titan Company's Titan Company, a retailer selling watches and jewelry, reported a decrease in its jewelry division's financial results for the first quarter of fiscal year 2015, which led to a drop in net profit for the reporting period, the Diamond World portal reported.
Net profit of Titan for the 1st fiscal quarter decreased by 3% to Rs 1 777 million, and total sales showed a decrease of 7.6% year-on-year, to Rs 28.53 billion.
The figures for the jewelry division of Titan indicate a 10% drop in sales to Rs 23.25 billion, while watch sales grew 10% to Rs 4.39 billion.
The company notes that its jewelry sales have subsided due to government policy regarding the import of gold. At the same time, it is reported that consumer spending in the reporting quarter was more stable than in the previous months.

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Posted By Blogger to Wedding Pearl Jewelry | Bridal Pearl Necklace at 4/15/2018 09:39:00 AM

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Rio Tinto Diamonds celebrated the 25th anniversary of the establishment of the office in Mumbai and introduced seven new collections under its main Nazraana brand, according to a press release received by Rough & Polished.
Vikram Merchant, the manager of the Rio Tinto Diamonds representative office in Mumbai, responsible for the promotion of Nazraana, said that the brand is associated with a wide variety of diamond jewelry, highly ambitious and at the same time affordable, that can provide overall growth sales in the category of diamond jewelry.
New collections under the Nazraana brand are represented by products designed as gifts for various holidays, in seven themes: love, infinity, heritage, spirituality, modernity, floral design and a collection of "luxury" for men.
According to international jewelry consultant Nazraana Paola DeLuca, the creation of new lines was based on many traditional Indian designs, which are presented in a modern style.

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The realization of a sensational initiative to reorganize diamond mining companies operating in the Zimbabwean Marange region may take longer than anticipated, as the authorities in Harare faced legal difficulties trying to merge the mining companies without violating the contracts signed with them.
The Herald quoted a recent statement by Deputy Minister of Mines, Fred Moyo, that the companies have existing contracts for the extraction of minerals that must be observed.
"Currently, the mines are being developed in accordance with contracts, and if we are going to unite the companies, we should do it legally, respecting the interests of investors, observing our laws and not causing a dual reaction to our actions," Moyo said. - This is the plane in which we need to work, which is what we are doing. It is not yet clear how to implement the initiative, so that our actions are not regarded as depriving investors of the rights invested in accordance with the legislation that was in effect for a certain moment. "
The mining minister, Walter Chidhakwa, said earlier that the reorganization of the Marange enterprises, designed to improve revenue inflows and improve transparency of operations, will be completed by the end of this year.
Last year, diamond mining companies told Chidakve that alluvial diamonds had been depleted at their concessions, and asked them to allocate new sites for them.

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Kennady Diamonds Inc. recently announced the start of a summer drilling program at the Kennady North diamond project located in the Northwest Territories of Canada, Rapaport reports. The company plans to drill wells with a total length of at least 5,000 meters to delineate Kelvin kimberlites and Faraday kimberlites. In addition, Kennady Diamonds expects the completion of exploration drilling on MZ and Doyle kimberlites and four new exploration sites.
Drilling in the Kelvin kimberlite is carried out using two drilling rigs.
Patrick Evans, CEO of Kennady Diamonds, said: "The Kelvin system is over 1 km to the southwest of the main Kelvin tube. Previous drilling operations revealed the intersection of kimberlite rocks at a distance of several meters to more than 20 meters from the surface. If the new drilling program is successful and the dike system is confirmed at depth, there is a possibility of a significant increase in the estimated reserves. "
In the meantime, during the 1 st and 2 nd quarters an analysis of a small batch of gross samples with a volume of 25 tonnes of rocks was completed, the results of which will be announced in the 4th quarter.