All India Federation of dealers in precious stones and jewelery (All India Gem & Jewellery Traders Federation , GJF) has launched a mobile application for Android and IOS platforms for members of the organization, and for all members of the trade jewelry products. Thanks to a special section in the appendix GJF members can get access to the full database of the organization of data, which will allow them to communicate, work together and develop their business, according to a press release from the federation.
The application also provides information on GJF, reports on the various activities of the Federation, such as PMI, NJA, Labham, Abhushanam and GJF Fashion Nite. In future updates, the application will contain more sections, such as industry news, jeweler identification card (Jeweller Identification Card, JID), various video workshops to help members of the industry to stay in touch.
GV Sridhar (GV Sreedhar), chairman of GJF, said: "This is a moment of pride for GJF, which launches its first application to the industry of gems and jewelery In addition, it is a step towards the implementation of the program of Prime Minister Narendra Modi to expand. the presence of digital technology. The app will be very useful for the members of our federation, so they can be aware of the different activities carried out GJF, and to gain access to a large database GJF members. The app actually summarizes our philosophy, which is in the protection, promotion and trade facilitation progress in the industry of gems and jewelry. "
Mukul Kulka (Mukul Kulkarni), CEO GJF, said: "The application principle is to keep it simple and user friendly We are confident that the industry strongly benefit from this application GJF already developing the second phase of the application, in.. which it will be implemented by an improved user experience, aimed at helping industry to become more organized and standardized. "
GJF is a national trade federation for the promotion and growth of trade in gems and jewelery across India. The Federation was established to manage various aspects of fair trade practices and efficient business organization. It includes more than 300,000 players in the jewelry segment, among them - the manufacturers, wholesalers, retailers, distributors, laboratories, gemologists, designers and companies providing related services.
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Lucara Diamond said that in the third quarter of 2015, the company's revenue from the sale of diamonds was $ 90.9 million, or $ 1081 per carat.
The operating margin for the reporting period was $ 951 per carat, or 88%, which was largely due to the exclusive stone tender of 2015, the revenue of which amounted to $ 68.7 million.
Since the beginning of this year and until September 30, the company's revenue was $ 158.6 million , Or $ 560 per carat, while operating margin reached 77%.
The company's profit before interest, taxes, depreciation and amortization (EBITDA) for the reporting period was $ 66.8 million, and from the beginning of the year - $ 95.3 million.
"In addition, the demand for our diamonds remains high, and we expect further and higher The inflow of free cash that will increase the income of our shareholders, " - said the company's CEO William Lamb (William Lamb).
Lucara also reported that 160 diamonds of special sizes (+10.8 carats) were mined from the Karowe mine in Botswana in the third quarter. The average size of the stones was 33.49 carats, which is 34% more than in 2014.
The size and frequency of appearance of special stones corresponds to the geological model of the project, they added to the company.
In Lucara reported that the extraction of high-quality stones during the reporting period improved due to a more accurate adjustment of the equipment parameters for separation in a heavy environment.
"The largest stone mined during the quarter was a 336-carat diamond, obtained from the southern part of the project,
That it will be sold together with twelve other stones in the second tender of special stones of 2015. Meanwhile, the company said that the ground geophysical surveys that were conducted in licensed areas from the fourth quarter of 2014 to the first quarter of 2015, Confirmed the presence of kimberlites.
"The license was obtained from the Department of Environmental Affairs of Botswana to extract samples from kkberlita VK02," the company says.
"The sampling of gross samples in VK02 began with the processing of a 5000-ton sample of kimber Which is likely to be completed in the first quarter of 2016. "
The company was also informed that revenues from the Karove mine could amount to $ 200-220 million.
At the same time, the sales volume can reach 350-400 thousand carats in 2015.
Lucara said that the diamond industry continues to face the problem of low prices, especially for medium and small diamonds.
"Pressure on prices is exerted by high volumes of diamond reserves, which increased due to a decrease in consumption in the Asia-Pacific region," company representatives said.
"In addition to the high level of diamond reserves, significant volumes of diamonds were not sold at diamond auctions of major producers, which led to an excess of supply of diamonds of some size and quality in the diamond supply chain," concluded Lucara
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