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ICEX to Launch Diamond Futures in March | The Jewelry Magazine

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The Indian Commodity Exchange (ICEX) is planning to launch three futures contracts for diamonds in March to provide exporters with a hedging tool, the exchange said recently, according to a report published in profit.ndtv.com. India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished. The exchange has received "in-principle" approval from the market regulator Securities and Exchange Board of India (SEBI) to start futures trading and the course will initially launch three contracts for stones sized 30 cents, equivalent to 0.3 carats, 50 cents, equivalent to 0.5 carats, and 1 carat, it said. "The futures contract will enhance the global competitiveness of Indian exporters who will be able to create an inventory and hedge against price volatility which will improve price competitiveness," said Sanjit Prasad, managing director of ICEX . The contracts are designed to consider the requirements of market particip...
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Leading Lights of Jewellery Sector to Speak at Industry ‘Women’s Day’ Event | The Jewelry Magazine

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Specialist jewellery PR agency Facets PR has announced its plans to empower women within the jewellery sector with a special event. The company, which is an all-female business, is set to host an event on International Women’s Day designed to highlight female entrepreneurs across the world who are making waves in the jeweller sector. The event, which will be taking place on March 8 in London, will be hosted by Facets PR and supported by the Women’s Jewellery Network . The day will include an exhibition of jewellery and talks from inspirational women jewellers . The event’s keynote speaker will be Jennifer Ewah, whose jewellery brand Eden Diodati is designed to empower women who are survivors of the Rwandan genocide who can now earn a fair wage by producing jewellery elements. Other participants from around the globe include jewellery designer and advocate of ethical diamond jewellery, Satta Matturi, who manages a fine jewellery brand based in and inspired by Africa, Sif Jak...
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Sarine Achieves Milestone: 10 Million Stones Scanned by Galaxy® Systems Worldwide in 2017

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The Sarine group has announced that it crossed a significant milestone in 2017, with its Galaxy® family of scanning and inclusion mapping systems having scanned 10 million stones worldwide in one single year. The Company said that Galaxy® family of systems have now cumulatively scanned over 30 million stones since they were first introduced in the industry in 2009. It took six years for the Company to complete the first 10 million scanned stones. When that milestone was reached in July 2015, average quarterly throughput was only one million stones. The rate of growth has risen rapidly after that, Sarine reported, adding the 2017 landmark was achieved despite prevailing industry conditions and other impediments, adding that it will continue to aggressively counter illicit infringement of its intellectual property. The Galaxy® family of systems (today encompassing the Galaxy® , Galaxy® XL, Galaxy® Ultra, Solaris® and Meteor® products) has provided automated, accurate, comprehens...
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