Jeweller - May 2022

More documents

Recommendations

Info

News Istanbul Show draws record crowds More than 36,000 people visited the March Istanbul Jewelry Show. More than 36,000 people took part in the 2022 March edition of the Istanbul Jewellery Show, with the successful four-day affair taking place in Turkey’s largest city. This year’s event was the 51st edition of the Istanbul Jewellery Show and marked a promising rebound after two years of the COVID-19 pandemic impacting international travel. With visitors attending from more than 140 countries, the exhibition began on 24 March and concluded on 27 March. In total more than 1200 companies were represented and 30 per cent of the visitors were overseas buyers. The International Buyer Delegation Program was also successful, introducing more than 1000 representatives from leading brands and companies to the fair. UBM Rotaforte founding partner Sermin Cengiz said organisers took great pride in the fair. “It’s an honour for us that March organisation of Istanbul Jewellery Show which we’ve been organising since 1986, reached the highest number of visitors among all other March exhibitions ever,” he said. “Growing parallel to the growth of the sector, our exhibition has been ranked among the top five jewellery exhibitions of the world. “We believe that it will continue to be a preferred event for the global jewellery industry and mainly for Turkey and that the trend of increase in number of visitors will continue." Cengiz believes exhibitions are critical marketing activtities, saying "Making new business deals, getting new orders and meeting new professionals of the sector in order to enter new markets is only possible at the exhibitions. Exquisite beauty unearthed by Argyle, Exceptional designs by Pink Kimberley PinkKimberley.com.au E pink@samsgroup.com.au W samsgroup.com.au P 02 9290 2199 “All meetings made at our March 2022 exhibition will bring momentum to the global jewellery industry and especially to Turkish jewellery industry.” The Istanbul Jewellery Show returns in October with a four-day show beginning on 6 October. The Istanbul Jewellery Show has run since 1986, and is organised by UBM Rotaforte and Informa Markets, the latter of which also presents a collection of other international jewellery fairs, including the Hong Kong Jewellery & Gem Fair.
News US imposes crippling sanctions on Alrosa; congress addresses loopholes In what could be a significant blow to Russia, the US has designated state-run mining company Alrosa in its Specially Designated Nationals (SDN) roster, which increases sanctions that carry substantial economic impacts on Russian companies. The order, issued by the Department of Treasury’s Office for Assets Control, came on top of prevailing sanctions prohibiting US companies from dealing with the mining company, freezing all of Alrosa’s US assets and restricting US companies from dealing with the mining giant. The new sanctions directive also covers companies owned by international conglomerates directly importing rough and polished diamonds from Russia that were previously not explicitly covered by the sanctions by the US issued in March. According to Brian Nelson, undersecretary of the Department of Treasury for Terrorism and Financial Intelligence, “These sanctions will continue to apply pressure to key identities that enable and fund Russia’s unprovoked war against Ukraine.” He also noted that the actions “reflect our continued effort to restrict the Kremlin’s access to assets, resources, and sectors of the economy that are essential to supplying and financing Putin’s brutality”. Following Russia’s invasion of Ukraine, the US government has named Alrosa as one of the companies facing “expansive economic measures” to disrupt the worldwide supply and trading of diamonds. The initial sanctions order prohibited US-based companies from pursuing all new financial activities and transactions with companies identified in the directive. The order also implicated Russian elites and families believed to be closely associated with Russian President Vladimir Putin, which targeted Alrosa CEO Sergei S. Ivanov, whose father Sergei B. Ivanov has also been identified as an official of the Russian government. Alrosa is one of the largest international mining companies and is headquartered in Russia. It accounts for around 30 per cent per cent of diamonds extracted worldwide. Congress members want loopholes closed A bipartisan group of US Congress members have written to the Biden administration calling for the examination and closure of loopholes which allow Russia mining company Alrosa to continue trading outside of economic sanctions. The group features 11 members of the US Congress and is led by Democrat Gerry Connolly and Republican Austin Scott. A letter was written to Secretary of State Antony Blinken and Secretary of the Treasury Janet Yellen asking the Biden administration to examine the 'origin' loophole which allows diamonds mined in Russia but polished in locations such as India to still be imported and sold in the US. The group has also written to the State and Treasury Departments to extend guidance to Customs and Border Protection and the Department of Homeland Security to ensure they prevent Russian diamonds from reaching the US market. “We are concerned that the two tranches of sanctions issued by the Treasury Department to target Russia’s diamond industry will have a minimal impact on Alrosa and [CEO] Sergey Ivanov’s ability to freely operate on the world market,” the letter states. The Biden administration banned the importation of diamonds from Russia on 11 March via executive order.
Page 1: VOICE OF THE AUSTRALIAN JEWELLERY I
Page 4 and 5: Australia is enriched with amazing
Page 6 and 7: FINE JEWELLERY MANUFACTURERS availa
Page 8 and 9: Diamond Set Studs $1695 Earrings Go
Page 11 and 12: Editor’s Desk Veritas odit moras
Page 13 and 14: Quality Findings Discover the ultim
Page 15 and 16: News Positive indicators continue i
Page 20 and 21: News Diamonds and jewellery to bene
Page 22 and 23: News Luxury jeweller reports strong
Page 24 and 25: 10 Years Ago Time Machine: May 2012
Page 26 and 27: WORLD RANKINGS OF JEWELLERY INDUSTR
Page 28 and 29: On The Market 1 2 3 4 5 MAY Product
Page 30: Post Pandemic Pearls | PEARL FEATUR
Page 33 and 34: Producing more than 550,000 pearls
Page 35 and 36: PEARL FEATURE | Post Pandemic Pearl
Page 37 and 38: Pearls Part II: South Sea & Tahitia
Page 39 and 40: FORMERY Mt Cook Lily Set Metal: Ste
Page 41 and 42: GEMSTONE FEATURE | Responsibly Sour
Page 43 and 44: High altitude artisanal gemstone mi
Page 45 and 46: Underground silver miner, Cerro Ric
Page 47 and 48: ewards in that form. However, retai
Page 49 and 50: BUSINESS Selling Fuel and friction:
Page 51 and 52: BUSINESS Management Entrepreneurshi
Page 54 and 55: OPINION Soapbox Strengthen customer
Page 56: Australia is enriched with amazing

Jeweller - May 2022

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?