BVC Group & Brinks India Sign JV Agreement
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SPECTRUM
BVC Group & Brinks India Sign JV Agreement
BVC Group Logistics, a leading player in
providing logistic solutions to the gem and
jewellery sector, has entered into a strategic
partnership with Brinks India, the local arm of
the international major, to provide seamless
service throughout India and overseas.
BVC Group will use Brinks’ global services
network for its diamond and jewellery
international shipments to more than 100
countries. BVC Group will cater to all the
domestic logistics and customs clearance
of diamonds and jewellery for Brinks India.
The new partnership also encompasses
the expansion of infrastructure and use
of sophisticated technology, increasing
the number of armoured vehicles, and the
deployment of security equipment and ERP
and tracking devices.
“Our goal is to provide logistic services to
the diamond and jewellery sector on a large scale and company. In the gems and jewellery space, BVC Group
ensure maximum outreach. The partnership with Brinks currently handles over 45% of the international trade of
will help us access some of the best global practices gems and jewellery of India.
and technology, guaranteeing a strong foothold within “By leveraging BVC Group’s exceptional sales and
this niche but very critical business sector,” said BVC customer service culture on top of Brink’s global
Group Logistics director, Bhavik Chinai. “The value infrastructure we believe we are creating an unmatched
addition makes it a win-win situation for both BVC Group offering which will support India’s position as the leading
and Brinks. It brings together companies with decades centre for the global diamond and jewellery industry,”
of experience to provide a wider range of services and commented Samir Hosangady, managing director, Brinks
network coverage.” India.
BVC Group will now handle the pan-India diamond and Small-value economical shipments, exhibition
jewellery export and import of Brinks India, making it the management and vaulting through an armoured network
largest diamond and jewellery supply chain management are also part of the new arrangement.
Katrina Kaif Inaugurates Nakshatra’s First Jaipur Store
Nakshatra, a Gitanjali Group brand,
launched its first store in Jaipur.
Bollywood actor and Nakshatra’s
brand ambassador Katrina Kaif
was present at the event.
The store will display a wide
assortment of jewellery including
pieces from the True platinum,
Parineeta and Nizam collections.
Amrish Masalia, COO, Nakshatra
Diamond Jewellery said, “With
the opening of this new store, our
customers in Jaipur will now have
easier access to our jewellery with
a wide choice in range as well as
designs.”
22 solitaire INTERNATIONAL august 2013
SPECTRUM
Anglo’s Mark Cutifani Is The New De Beers Chairman
The Board of De Beers Société Anonyme announced the appointment of Mark Cutifani, chief executive of Anglo
American plc, as chairman of the De Beers Group, effective immediately.
Following his appointment, Cutifani commented, “I am honoured to join and lead the De Beers Board. The
company’s 125-year heritage, experienced management team and unparalleled understanding of the unique
nature of the diamond market, make it the world’s leading diamond
company. From De Beers’ production and projects portfolio, to its iconic
brand and proven ability to open new markets, the company is poised
to capture the considerable opportunities in front of us as diamond
demand outpaces supply for years to come. I look forward to working with
the board and continuing its support of the De Beers leadership team,
headed by Philippe Mellier.”
Mellier, CEO of De Beers Group, added, “De Beers is delighted to gain
a chairman with Mark’s operational experience and track record for
leading large organisations. Mark is clearly a highly respected leader and
the employees of De Beers join with me in welcoming him into a great
company. I look forward to working with Mark as we find new ways to
enhance De Beers’ leadership position across the diamond pipeline and
create value for our shareholders, partners, customers and consumers.”
A trained mining engineer, Mark has worked across six continents, 25
countries and more than 20 commodities.
AWDC Implements Tailored Anti-tiger Kidnapping Programme
The Antwerp World Security Office, redefined
Diamond Centre (AWDC) its operations, coordination
Security Office launched and communication and
an integrated anti-tiger appointed Stephan Van
kidnapping programme in Hauwe as senior security
collaboration with the local coordinator. In the second
police. The primary objective phase we joined forces
of the integrated anti-tiger with the local police of
kidnapping programme Antwerp, the Province of
is to explain and assist Antwerp and the City of
in the prevention and the Antwerp to launch a series
procedures that need to be of security awareness
applied in a tiger kidnapping sessions, the first of which
in progress. The programme is this dedicated anti-tiger
was tailor-made for the kidnapping programme.”
Antwerp diamond industry. Stephan Van Hauwe,
AWDC CEO Ari Epstein senior security coordinator,
said, “We are fortunate AWDC Security Office,
that tiger kidnappings don’t commented, “Research start of a series of monthly industry, we have initiated
happen often, but it’s crucial indicates that prevention and ad hoc sessions, a ‘security hotline’, where
to prevent this type of crime measures through organised by the AWDC people can report unusual
at all costs. Security is one adequate organisation of Security Office and targeted or suspicious activities.”
of the important aspects home and office security at all stakeholders of the The security awareness
we defined in our strategic are the most effective Antwerp diamond industry. sessions are also supported
plan, launched early ones. This first security In addition and similar to by the governor of Antwerp,
2012. In the first phase awareness session on anti- the model implemented for Cathy Berx and the city’s
we restructured the AWDC tiger kidnapping marks the example by the financial mayor, Bart De Wever.
24 solitaire INTERNATIONAL august 2013
SPECTRUM
Gitanjali Jewels Scores A Century
All its diamond jewellery is
certified by the International
Gemological Institute,
while the gold jewellery is
hallmarked by the Bureau
of Indian Standards (BIS).
Srivastava noted,
“Having started out with
a meagre 5 to 6 stores
at the beginning, it’s a
moment of sheer pride for
us to be inaugurating our
100th store. But we have
a long way to go, and in the
Diya, Parineeta, Sangini, a woman feel special. coming years we anticipate
Nizam, Ananya and Gitanjali Gitanjali Jewels is making around 300 stores.
Gold, launched its 100th every woman in India feel “Our dream was to reach
store in India at Gurgaon on that twinkle with their out to the masses, helping
July 11. affordable ranges, unique them wear their aspirations
Bollywood actor Ameesha styles and wide appeal,” in the form of affordable
Patel was invited to cut the Patel said on the occasion. luxurious jewellery. Today,
ribbon, alongside Gitanjali Spread across 5,500 sq Gitanjali Jewels caters to
Gitanjali Jewels whose Jewels managing director ft, the new store will offer the aspirations of millions
brands include Asmi, Santosh Srivastava. “Jewels up to 100% cash back on of people across the Indian
Nakshatra, D’damas, Gili, are the key to making diamond and gold jewellery. subcontinent.”
GJF Boosts Trade Through Alankarik In Kolkata
The All India Gems and
Jewellery Federation (GJF)
recently organised ‘Alankarik’,
a networking event for
jewellers at The Park in
Kolkata, as part of its ongoing
initiative to encourage trade
in the city. The event offered
gem and jewellery traders a
platform to network and seek
new business opportunities.
The audience was also treated
to a jewellery-cum-fashion
show as well as melodious
scores by singer Hum Sufi.
Speaking on the occasion,
GJF past chairman Bachhraj
Bamalwa said, “We are constantly looking for avenues Prominent jewellery brands from Mumbai like P&S
to lend a push to the players in the gems and jewellery Jewellers and Mirrar Jewels exhibited their designs. Sanghi
industry. This is one such platform that would definitely go Jewellers from Hyderabad also participated in the event.
a long way towards creating a huge mind share for different The guest list included not only jewellers from eastern India
industry players. GJF has always been at the forefront for but also DTC sightholders, namely, Mahendra Brothers,
taking up critical trade issues.” Rosy Blue, Shrenuj, Eurostar, Tache and Eliaz Diamonds.
26 solitaire INTERNATIONAL august 2013
SPECTRUM
CSR Programme For Jewellery Industry In The Pipeline: CIBJO
key functions In his statement, sustainable development,”
is to promote Cavalieri said that CIBJO he stated. Contact has been
the Millennium shares a common vision made with one of Italy's
Development with ECOSOC. “It seeks leading business schools
Goals, which to increase innovative concerning the preparation
were set by the productivity, encourages of courses and educational
United Nations in the use of cutting-edge materials, said Cavalieri.
2000, and created mining and jewellery “The proposed CIBJO-
specific targets for
© MDBC processing technologies, Fiera di Vicenza programme
poverty alleviation, and industrialisation and will be presented at the
education, gender downstream beneficiation UN headquarters in the
equality, child in developing economies, fall,” Cavalieri stated. “The
CIBJO is currently preparing and maternal health, leading to economic United Nations Alliance of
a “groundbreaking” environmental stability, growth and the creation Civilizations will review this
Corporate Social HIV/AIDS and malaria of decent jobs in the educational programme in
Responsibility (CSR) reduction, as well as a international jewellery the hope of mainstreaming
educational programme for global partnership for industry. This will, in turn, ethical business practices
the jewellery sector, which development. These are contribute to eradicating into many cultures.”
will be offered worldwide meant to be met by 2015. poverty in regions in which Cavalieri made special
and promote the industry's CIBJO, which has been we are particularly active, mention of technological
involvement in sustainable the jewellery industry's sole and specifically Africa,” innovation in the jewellery
development, CIBJO representative in the body he stated. industry in his address to the
president Gaetano Cavalieri since 2006, was among In developing the CSR meeting, noting that it can
stated at a meeting of the the 78 non-government educational programme, serve as catalyst to narrow
United Nation's Economic organisations chosen to CIBJO will join forces with the gaps between emerging
and Social Council (ECOSOC) address the high level Fiera di Vicenza, one of the centres and established
in Geneva last month. meeting, from the 3,735 leading trade fair organisers ones. “Technology,” he
The ECOSOC deals with NGOs that are recognized by in the international said, “enables the people
the world's economic, ECOSOC. The meeting was jewellery industry. “Through in new centres to get the
social and environmental opened by Ban Ki-Moon, the Fiera di Vicenza's extensive same value and with the
challenges, and is UN secretary-general; Vuk international network, we same profitability, and also
responsible for 70% of Jeremić, president of the aim to educate members of encourages companies
human and financial UN General Assembly; and the industry about CSR, and in the developed centres
resources of the entire Néstor Osorio, president of specifically the obligations to invest in developing
UN system. One of its ECOSOC. of businesses to promote centres.”
Kalyan Jewellers Opens Fourth Showroom In Pune
Bollywood actor Aishwarya Rai Bachchan inaugurated
Kalyan Jewellers’ fourth showroom in Pune in early July.
The new store is spread over 14,000 sq ft and marks
a total of 50 showrooms for the jeweller in the country.
Kalyan Jewellers is planning to open 15 more showrooms
across the globe in this financial year. It aims to have 100
stores spread across India by 2015.
Kalyan Jewellers managing director T.S. Kalyanaraman
said, “The launch of our store in Pune underlines the
importance of this dynamic market. We are hopeful
that Kalyan Jewellers’ tryst with Maharashtra will make
more jewellery aficionados appreciate the brand and its
unparalleled collection of jewellery.”
28 solitaire INTERNATIONAL august 2013
SPECTRUM
JA Members Meet Key US Legislators Over E-fairness Debate
online and brick-and-mortar opportunity to get these wouldn't enter the sale
businesses. issues – and especially discussion with this kind
The issue is currently jewellers’ views on them of tax disadvantage.
at the forefront on Capitol – in front of key decision Senator Dick Durbin,
Hill. In May, the Senate makers in D.C.” a co-sponsor of the
passed the Marketplace The group consisted of Marketplace Fairness Act,
Fairness Act of 2013 JA director of public affairs met with the JAPAC group
legislation, which would Susan Thea Posnock, and during dinner and advised
finally close the internet members of the JAPAC them to keep pressing for
sales tax loophole that board and JA's board of passage of the bill: “You've
continues to hurt traditional directors. got to explain to the House
jewellery businesses. This Jewellers like Bill Farmer members what this means
legislation is now being of Farmer's Jewelers to local businesses and
considered by the House of in Lexington, KY, made tell them, 'you say you're
Representatives, where it their case in support of for small business, prove it
faces a stronger opposition. e-fairness. “The margins on to me!'“
“This is a critical time diamonds have narrowed, Besides e-fairness,
Delegates of the Jewelers for jewellery businesses, and the difference between discussions centred on
of America Political Action with legislators seriously in-store sales tax and online protection of LIFO – the
Committee (JAPAC) met considering the passage of tax-free prices can keep last in, first-out accounting
lawmakers in Washington, the Marketplace Fairness me from closing a lot of method. With tax reform
D.C. to discuss their view on Act, the ongoing threat sales. It’s bad business for and deficit reduction at the
key legislative issues that of LIFO (last in, first out) independent jewellers like top of the agenda in D.C.,
affect the jewellery industry. repeal and the possibility me to have to compete for LIFO repeal is an attractive
As in past years, much of major tax reform in customers’ sales due to an revenue raising option for
of the day's discussion the near-term,” says JA unfair tax advantage,” he some legislators and the
centred on sales tax president and CEO David explains. Passage of sales Obama administration,
fairness, which would level Bonaparte. “The Capitol tax fairness would mean which has repeatedly
the playing field between Hill fly-in was a great brick-and-mortar retailers sought repeal.
GJTCI To Host Gujarat International Jewellery Show In September
The Gem & Jewellery Trade September 20 to 22, 2013. their business face-to-face. 2013 was attended by
Council of India (GJTCI) The exhibition will provide The event will be held at GJTCI president Shantibhai
will hold its fifth edition of direct opportunities to the YMCA International Patel and members of the
the Gujarat International jewellers and wholesalers Centre in Ahmedabad. The executive committee along
Jewellery Show (GIJS) from to meet and to discuss announcement of GIJS with prominent jewellers.
32 solitaire INTERNATIONAL august 2013
SPECTRUM PGI’s Digital Initiatives Win Accolades The Platinum Guild International (PGI) said that its ‘Platinum Day of Love’ mobile application as well as a ‘Platinum Augmented Reality (AR) Programme’, which were conceived to tap the growing online and mobile space, have won several awards in the recent past. The mobile app (tinyurl.com/dyhxa2k) has achieved over 64,000 downloads to date, while the wapsite (www. preciousplatinumindia.mobi) through the AR has had over 1, 30,000 quick response (QR) code scans since its launch in late 2011. “This initiative is a great example of marrying a key consumer insight of a large number of people using mobiles to access the net and social media, with the consumer need of seeking platinum jewellery designs and information, to come up with a winning proposition,” said Vaishali Banerjee, country manager India, PGI. “It is great to see to see the response it has generated of what is the first of its kind for the jewellery category.” The mobile application provides an interactive virtual platform to engage the users and prospective target consumers. The app overcomes the limitations of TV and print and provides a seamless integration of the product • Won the Silver at the Yahoo Big Chair Awards – Best gallery via a virtual store, showcasing the wide range of Use of Mobile Advertising (There was no Gold winner in love bands, helps find out ring sizes and allows consumers this category) to view how a ring will look on a hand and in motion. • Won the Gold at Bangalore Ad Club Big Bang Awards Similarly, the AR programme enables customers to use for – Mobile media for Consumer Engagement their mobile phone to visit a platinum showroom virtually. • Won the Gold at Bangalore Ad Club Big Bang Awards The achievements of PGI’s digital initiatives for year for – WAP Application 2012-2013 include: • Won the Gold at Bangalore Ad Club Big Bang Awards • Won Gold at Campaign India Digital Crest Awards – Best for – Augmented Reality Design and Navigation • Won the Silver at Campaign Digital Crest Awards – • Won Platinum in the Special Jury Award Category – Work Best Mobile Wapsite (There was no Gold winner in this of Platinum in the field of mobile category) GIA Exhibits At Africa Education Week More than 1,000 African students were introduced to gem wish to enrich their studies. We absolutely plan to return in and jewellery education opportunities at the Career Indaba the future.” trade show in Johannesburg, as part of the seventh annual Since 2008, GIA has expanded its presence in Africa, Africa Education Week. The Gemological Institute of America opening two full-time laboratories and offering classes in (GIA) exhibited at the event for the first time, building on its Gaborone and Johannesburg, establishing partnerships endeavours of bringing industry-leading gemmological and with government agencies and universities throughout design education to the nations that produce diamonds the continent, and maintaining a global network of active and other gems. The institute’s representatives met with alumni. Today, there are more than 800 alumni and two GIA prospective students, handing out education materials and Alumni Chapters in Africa. discussing gemmology and jewellery programme options. Many students and schools were also interested in GIA’s “GIA was new and exciting to the students, and responses Junior Gemologist Program, which gives students from ages about our education programmes have been pouring in 10-15 the opportunity to discover the world of gemmology since the event,” said Elizabeth Bokaba, GIA’s manager of through hands-on, practical training. Plans are currently alumni and client relations in South Africa. “Africa Education underway to expand the programme, which was introduced Week is an outstanding opportunity to reach students who to Africa in 2012. 34 solitaire INTERNATIONAL august 2013
SPECTRUM
AWDC Launches Online Job Tool
The Antwerp World relevant vacancies in
Diamond Centre (AWDC) our industry.”
recently launched a long- “Furthermore,
awaited job tool ‘Antwerp this initiative will not
Diamond Jobs’. AWDC only make it easier
expects to post an average to find a job, but it
of 150 job openings online. will also help the
AWDC CEO Ari Epstein diamond companies
said, “In 2012, AWDC in their search
launched it new strategic to find suitable
plan. One of the main employees. All
topics in this plan is to diamond companies
maintain and reinforce will be able to post
employment in the Antwerp their vacancies online, free In addition, applicants can be very difficult and
diamond industry. We of charge. Experienced will have free access challenging in certain
noticed that people are applicants or people to the full list of actual industries. Considering the
not really looking for jobs interested to work in our vacancies in the Antwerp economic importance of the
in a specific diamond brilliant industry, can diamond industry. Potential Antwerp diamond industry
company, but they are consult the listed jobs and candidates can also upload cannot be underestimated,
rather searching for a job apply immediately. ‘Antwerp and edit their personal I am delighted AWDC
in the industry in general. Diamond Jobs’ will connect profile online. launches the jobsite
With over 1,800 registered potential candidates Mark Van Peel, Alderman ‘Antwerp Diamond Jobs’.
diamond companies in directly with the companies for employment in Antwerp Initiatives like this will help
Antwerp, it is very difficult who post their vacancies”, commented, “Matching to solve the labour market
to find an overview of all he added. supply and demand, paradox.”
Istanbul Jewelry Show To Be Held In October
The Istanbul Jewelry Show will be held from October 3 to 6,
2013 at the Istanbul Fair Center (CNR Expo). The jewellery
and watch show will encompass gold, silver and diamond
jewellery as well as precious and coloured gemstones,
machinery, tools, equipment, display units, packaging,
security devices, and software for industry professionals.
The four-day event will gather over 600 exhibitors
from 25 countries with an extensive display of the latest
products and trends. There will be five national and group
pavilions from China, Hong Kong, India, Italy and Thailand.
The Istanbul Jewelry Show is an international trade
event serving the fast-growing domestic and international
markets surrounding Turkey. It is supported by the Istanbul
Precious Minerals and Jewellery Exporters' Association
(IMMIB), Small and Medium Enterprises Development
Organization (KOSGEB), and the Jewellery Exporters’
Association (JTR).
36 solitaire INTERNATIONAL august 2013
SPECTRUM De Beers Introduces Forward Contract Sales For Auction Customers De Beers announced that it will begin providing customers of its rough diamond auctions with an opportunity to determine the volume of goods they wish to purchase, over a given period, through the introduction of forward contract sales. Approximately 10% of De Beers’ rough diamonds are sold through its auction platform. De Beers will continue to hold spot auction events that provide customers with additional flexibility to purchase the type and quantity of the goods they need. The introduction of forward contract sales will enable customers to engage in forward planning, and help them production and sales base for its auctions to Singapore. meet their business requirements. The move will take effect from November 2013. De Beers In addition, as part of De Beers’ drive to focus on the will also continue to operate its existing network of auction needs of existing customers while building a long-term viewing offices in Antwerp, Israel, Dubai and Hong Kong, offering to emerging market customers in India and through which customers can view diamonds being the Far East, De Beers will relocate the purchasing, auctioned and engage with their account managers. Italian Technological Innovation On Display In Brazil Italian manufacturers group of Italian companies The main question raised companies would be able of precious metal and representing the districts by the Italian companies to refer in order to reduce gemstone machinery of Vicenza, Alessandria, interested in the Brazilian entry taxes for temporary recently exhibited at Arezzo, Milan, Pavia, market was the extremely importation. Tecnogold, the Brazilian Turin, Varese and Verona, high rate of tax imposed After Tecnogold in San show for jewellery as part of the T-GOLD on imports. In this context Pãulo, Brazil, the next technology in São Paulo, International project, the IBGM, Sindijoias and scheduled event is in organised by Sindijoias and exhibition concept that FIESP San Pãulo (the December at the Dubai IBGM (Brazilian Institute for offers jewellery producers equivalent of the Italian International Jewellery Gems and Precious Stones). the chance to discover the Confindustria), promised Week in the United Fiera di Vicenza, in latest ideas and products to make a careful analysis Arab Emirates, another collaboration with the in high-tech gold and of the situation and to important milestone for an Italian Machinery and jewellery processing. The propose a memorandum of internationalisation project Supplies Association for participating companies understanding which would that has those markets Jewellery Manufacturing expressed satisfaction at foresee an authoritative where demand is higher (AFEMO), put together a the outcome of the event. procedure to which within its sights. Corrigendum: With the reference to the article titled “Angola Conference Celebrates A Milestone” in the July issue of Solitaire, Shantanu Guha Ray attended the Angola Diamond Centenary Conference independently, and not as a guest of the GJEPC. 38 solitaire INTERNATIONAL august 2013
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