In the lead up to the NEC Jewellery Show, you maybe interested in the following assistance provided by BJGF International

Inward Mission of buyers to Spring Fair – Meet the Buyer opportunity
British Jewellery & Giftware International, in conjunction with UK Trade & Investment and Emap, have again organised a visit by overseas buyers to Spring Fair 2011. The buyers, from Australia, Belgium, Brazil, Finland, Netherlands, New Zealand, Norway, Russia and Turkey, will be accompanied by UK Trade & Investment officers based in various overseas markets, and will take part in a Meet the Buyer “speed-dating” event on Monday 7th February in the Piazza Suites. UK Exhibitors at Spring Fair wishing to meet buyers and UKTI representatives can visit Meetbuyers-springfair2011.com , where they can view profiles of visitors and register to book appointments.

Source: http://www.bja.org.uk/news.php?article=335

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British Jewellers’ Association chief executive Simon Rainer has been appointed a vice-president of the Association Executive Networking Commission part of the World Jewellery Confederation (CIBJO)

Working along side trade association commission executives from Canada, South Africa, Australia and France, the commission’s role is to develop networking strategies that will allow CIBJO trade association members to effectively communicate key industry issues.

“With over 40 worldwide trade associations having CIBJO membership, this represents a perfect opportunity to voice and discuss key UK jewellery and BJA membership issues on a world stage” said Simon

“I am looking forward to making my first presentation at the CIBJO Congress in mid March and in particular exploring the views and concerns of fellow members regarding the huge ethical debate” he added.

Source: http://www.bja.org.uk/news.php?article=334

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AFMA has urged ASIC to give priority to measures that will assist the early introduction of competition to equity markets in its submission in response to ASIC’s consultation paper (CP 145) on the structure of Australia’s equity market and proposed market integrity rules (MIR).

CP145 rightly takes a strategic and holistic approach to the evolution of equity markets in Australia. However, it is important that consideration of some of the longer term, whole-of-market issues does not impede the early introduction of competition.

AFMA’s members include all of the leading equities brokers in Australia.
AFMA has suggested to ASIC that it gives first priority to MIR that are necessary to facilitate a stable and effective multi-operator environment. These comprise practical measures including the people and products to which the rules will apply, best execution, reporting requirements and co-ordination
between market operators.

The next priority should be proposals that could enhance market integrity and efficiency. These include volatility controls for extreme market movements, minimum standards for direct electronic access and algorithmic trading and post-trade disclosures.

Source: http://www.afma.com.au/afmawr/_assets/main/lib90021/2011_01_31%20equity%20market%20structure.pdf

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On 17 January 2011, through prescribed procedure, member governments of the Kimberley Process gave their agreement to a document that would allow for the recommencement of exports from approved concessions in the Marange region of Zimbabwe. As outlined in the document, this approval is subject to agreement on continued oversight and monitoring.

Before exports can resume, however, the authorities in Zimbabwe need to complete a series on consultations with Mr. Mathieu Yamba, the Chair of the Kimberley Process, representing the Democratic Republic of Congo.

We believe these consultations are sensitive and ongoing. Mr Yamba has called for understanding and patience as efforts are made, in good faith, on all sides to reach a conclusion.

In the meantime, we continue to advise members of the diamond industry that until a conclusion is reached exports of stocks and production from the approved concessions in Marange do not carry the approval of the Kimberley Process.

Source: http://www.gjepc.org/news/view.aspx?NewsId=8011

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The Australian Chamber of Commerce and Industry (ACCI) has called on governments and the Business Taskforce which is meeting in Brisbane today to act on the findings of a survey detailing the economic impact of the floods on Queensland’s businesses.

A survey of flood affected Queensland businesses has found that nearly one quarter have been seriously affected by the flood disaster and that increased and better targeted support is necessary if many are to survive.

Conducted by the Queensland Chamber of Commerce and Industry (CCIQ), a member of ACCI’s National Member Network, the survey provides a detailed snapshot of the economic consequences caused by the December 2010/January 2011floods.

ACCI’s Chief Executive Peter Anderson said, “this survey is a remarkable achievement by CCIQ on behalf of flood affected communities and businesses. It is the first detailed business assessment of the impact of the flood on Queensland businesses.”

Source: http://www.acci.asn.au/Research-and-Publications/Media-Centre/Media-Releases-and-Transcripts/Economics-Industry/Target-Assistance-Required-For-Queensland-Business

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Supermarket retailer Coles is using its market dominance to destabilise the whole of Australia’s food and grocery supply chain by cutting prices on essential daily items, the Australian Food and Grocery Council (AFGC) said today (February 3).

AFGC highlighted that Coles’ “Down, Down” campaign to heavily discount staple foods like bread and dairy products was designed to increase traffic in Coles supermarkets without considering the long-term, flow-on effects to farmers, industry and consumers. AFGC Chief Executive Kate Carnell said Coles’ claim that their price cutting won’t affect farmers or food and grocery manufacturers was misleading.

“At the end of the day, this price blitz produces a new floor price on staple products – Coles is using its market dominance to destabilise the marketplace, triggering other major retailers to match prices to maintain their market share,” Ms Carnell said.

Source: http://www.afgc.org.au/media-releases/546-coles-food-price-blitz-pulls-industry-down-down.html

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The International Fur Trade Federation is delighted to launch its new Trends and Forecasting section on IFTF.com created in collaboration with trend consultants, EMC. On the IFTF Trends page you will find up to the minute information about fashion, lifestyle, consumer, celebrity and social trends but also insight into the innovators who form these future trends.

Under Fur fashion right now the three major trends are Forager, Cosmetique and Keepsake. For each of the trends you will find details on the supporting mood and colour, influences, fur and fabric swatches, styling guidance and catwalk analysis. Each trend analysis can be downloaded in a pdf format.

Source: http://www.iftf.com/#/press-releases/159/

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Arlington – The American Apparel & Footwear Association (AAFA) today welcomed action by the U.S. Consumer Product Safety Commission (CPSC) to extend the stay on the testing and certification requirements for lead content as set forth in the Consumer Product Safety Improvement Act (CPSIA) of 2008. The stay, extended by a four to one vote of the CPSC commissioners, continues to be in force until December 31, 2011. It does not affect the
underlying lead standard, which is already in force.

“This announcement to extend temporarily the stay of testing and certification for lead content provides some relief for many in the U.S. apparel and footwear industry,” said AAFA President and CEO Kevin M. Burke. “We will use this window of opportunity to continue working diligently with the CPSC and congressional stakeholders and seek out commonsense and risk-based reforms to this well-intended but flawed legislation. We are pleased that the Commissioners voted to extend the stay beyond the CPSC staff recommendation. However, we remain concerned that this period of time may not provide the CPSC with enough time to complete pending rule makings or for the industry to learn and incorporate those new rules.”

Source: https://www.apparelandfootwear.org

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In the end of 2010 ALROSA has won the auction spent by Rosnedra (State regulator of the usage of natural resources in Russia) for the developing diamond deposits located in the Republic of Sakha (Yakutia), Russia: alluvial deposits “Ruchey Gusiny”, “Ebelyakh” and diamond pipe “Dalnyaya”; after finishing formalization of the Government permits, ALROSA will start developing these deposits.

The total reserves of the diamond deposits are 42 mln ct, the average price per carat – more than 70 US$, and diamond deposits are located within ALROSA’s existing production facilities, developing of the deposits will not require significant CAPEX and will encourage further stability of ALROSA’s production.

Source: http://www.gjepc.org/news/view.aspx?NewsId=8010

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The services sector slowed further in January with the latest Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI) falling 0.9 points to 45.5, remaining below the 50 points levels separating expansion from contraction. The weakness was evident in both the sales and employment sub-indices and particularly noticeable in the new orders sub-index which fell sharply to a disappointing level of 39.7.

Accommodation, cafes, & restaurants, transport & storage and health & community services were the only sub-sectors to expand in the month. Activity contracted most noticeably during January in the retail trade, wholesale trade, communication, finance & insurance and personal & recreational services sub-sectors.

Australian Industry Group Chief Executive, Heather Ridout, said: “The services sector had a sluggish start to the year with interest rate sensitive households and businesses lacking confidence and remaining hesitant to spend. As well, the full impact of the flooding is yet to unfold.

“The very sharp fall in the new orders sub-index is of real concern. The poor outlook for new orders points to the possibility of the weakness in the sector that was evident for much of last year continuing over coming months,” Mrs Ridout said.

Source: http://www.aigroup.com.au/

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