Zu Cowperthwaite joined Hermes Fund Managers in Boston as a portfolio manager on the firm’s global equities team, confirmed John Chisholm, an institutional portfolio manager with the firm.

Her post, responsible for stock selection in the global consumer sector, is new. She becomes the global equities team’s eighth member.

Ms. Cowperthwaite was co-portfolio manager of a Loomis Sayles global consumer long/short hedge fund.

Loomis spokeswoman Erin Heard confirmed the Loomis Sayles Consumer Long/Short hedge fund was liquidated as of April 30, and its two co-managers, Ms. Cowperthwaite and Ted Finch, had both left the firm.

Reached by telephone, Mr. Finch said he will launch a new firm, Big Rock Capital LLC, in September, to run a long/short opportunity fund and a long/short green fund.

Source: http://english.ctei.gov.cn/News/Companies/253147.htm

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Zhejiang Litian Group signed an agreement with Wensu local government in August 12th to invest a 100,000 spindles line, 10 ring spinning lines, 300,000 sets of home textile lines and two weaving bags lines.

Zhejiang Litian Group is a large company invloving in home textile, fabrics manufacturing, plastics, printing and trade. Under this agreement, this project will be located in Akesu Industry Zone, covering an area of 500 mu and investment with 300 million yuan in five years. It is divided into two stages. In first stage, it will invest 150 milion yuan to construct 50,000 spindles line and two weaving bag lines and is expected to put into production on March 2012. The second stage will accomplish in May 2015.

Source: http://english.ctei.gov.cn/News/Companies/252403.htm

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Australia: AMA Federal Councillor and AMA NT President, Dr Paul Bauert, said today that the Australian Government could learn a lot from the experiences of non-government organisations (NGOs) internationally about how best to make real improvements in Indigenous health.

Dr Bauert is this week attending the United Nations Advance Global Health Conference in Melbourne.

Dr Bauert said that, despite best intentions, governments and bureaucracies are not necessarily the best agents of change when it comes to improving the health and wellbeing of Indigenous Australians.

“The AMA believes that health-related community capacity building is crucial in achieving sustained improvements in Indigenous people’s health and wellbeing,” Dr Bauert said.

“Experience shows that NGOs, which are active here and overseas at the local level in Indigenous communities on a daily basis, are far better at the first step of working with Indigenous communities to build their capacity to make lasting improvements to their health and living conditions.

“NGOs are well placed to make improvements around the social determinants of health, including housing, education, training, sanitation, and health literacy.

“We urge the Australian Government to seek advice from and support NGOs such as Save the Children, the Fred Hollows Foundation, World Vision, and Oxfam, which are doing great work in Indigenous communities in Australia.”

Source: http://ama.com.au/node/6021

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The AMA will next month host a summit of key medical training stakeholders to discuss and develop solutions to the crisis around the shortage of prevocational and vocational training positions for medical school graduates.

AMA President, Dr Andrew Pesce, said today that Australia faces the loss of hundreds of locally produced, highly trained medical graduates to other countries or other professions.

“New medical intern places must be created urgently, along with the extra training places required to ensure that all graduates can proceed to and complete specialist training,” Dr Pesce said.

“We know that NSW, Tasmania, Western Australia, and Queensland have been unable to offer intern places to all applicants, and there are reports today that the NSW shortage for next year could be as high as 86 places.

“The major casualties at this stage are international students who gained their medical education in Australia, but the shortage will claim Australian students as well over the next year or two if action is not taken now.

“It is clear that there are currently too few internship places nationally for the growing number of medical school graduates coming through the system, and this shortage will extend, over time, right through to higher level specialist training positions.

“This is causing a training bottleneck that will deprive Australian communities of much-needed fully trained doctors.

“It is a very disturbing picture of poor planning and waste of the extra medical school places the Federal Government has invested in over the past few years.

“The initial problem is the number of intern places in hospitals, not student places in universities.

“The AMA wants no further increase in student places until the intern place problems are sorted out, and there is a clear plan to boost training positions across the board for doctors in training.

Source: http://ama.com.au/node/6017

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According to the provisional statistics pertaining to the exports of gems and jewellery for the period of July 2010 as compared to the same period last year, the overall exports of gems and jewellery at US$ 2,343.36 million (rupees 10,976.31 crores) in month of July 2010 is showing a growth of 40.44% (35.68% in rupees term) as compared to US$ US$1,668.64 million (rupees 8,089.59 crores) of same period previous year.

The overall export of cut and polished diamonds at US$1,679.46 million (rupees 7,866.58 crores) in the month of July 2010 is showing a growth of 36.81 (32.18% in rupees term) as compared to US$ 1,227.60 million (rupees 5,951.41 crores) for the same period of previous year.

The provisional export of gold jewellery for the period July 2010 at US$454.87 million (rupees 2,130.61 crores) shows a growth of 25.28 percent (21.04 percent rupee term) over the comparative figure of US$363.07 million (rupees 1,760.19 crores) for July 2009.

Source: http://www.gjepc.org/news/view.aspx?NewsId=7817

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The Board of Directors of the World Diamond Council (WDC) has approved the appointment of Jacky Roth, the veteran diamond industry leader from Belgium, to its ranks. Mr. Roth’s appointment was proposed by the presidents of all four Belgian diamond exchanges, who were joined by WDC President Eli Izhakoff.

Mr. Roth began his public service career in the Antwerp diamond industry in 1979 when he was first elected to the board of the Beurs voor Diamanthandel (Antwerp Diamond Bourse) and over the years held various posts at the diamond exchange and at the Federation of Belgian Diamond Bourses. In 1982, he was elected a board member of the HRD (Diamond High Council), the umbrella organization that represented the Belgian diamond center, which was restructured into the Antwerp World Diamond Center (AWDC) in 2006. He was elected as its president in 2004, and after retiring from the position earlier this year was named the AWDC Honorary President.

In recognition of Mr. Roth’s role in the Belgian diamond sector, in 2005 he was decorated with the title of Commander in the Order of Leopold II by King Albert II.

“We are indeed privileged to have an individual with Jacky’s breadth of knowledge and experience on the WDC Board of Directors,” said Mr. Izhakoff. “I am confident that he will play a valuable role in helping the WDC fulfill its valuable mission.”

Source: http://www.gjepc.org/news/view.aspx?NewsId=7815

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The annual MJSA Education Foundation Golf Tournament recently raised over $10,000 to support the Foundation’s training and scholarship programs, which strive to ensure the industry maintains a skilled workforce.

Nearly 100 golfers participated in the tournament, which took place at the Ledgemont Country Club in Seekonk, Massachusetts. The winning foursomes were:

First place: LDC Inc. Team - Ed DeCristofaro, Davis Duque, Matt Mainelli, and Jerry Traficante.

Second place: Swarovski N.A. Guests - Chris Tasca, Joe Montequila, Angelo Giarrusso, and Dave Tatangelo.

Third place: Mark Danks of Johnson Matthey NY; Doug Blank of Joseph Blank Inc.; Bob Halstead of Parker Manufacturing; and Brenda Gamba of the Jewelers Board of Trade.

Lowest Gross Team: Stern-Leach Guests - Dick Smith, Dave Meleski, Mike Merolla, and Stephan Evangelista.

Individual prizes went to:

Brenda Gamba of the Jewelers Board of Trade and Steve Parris of Swarovksi Consumer Goods Ltd., Closest to the Pin.

Robin Malo of National Chain Group and Charlie Morvillo of Lee’s Manufacturing, Longest Drive.

Matt Mainelli of Mainelli Tool & Die, Beat the Pro.

The tournament sponsors included The Richline Group (lunch, hole in one contest), Umicore Precious Metals (on-course beverage stations), FedEx (cocktail reception), Johnson Matthey (closest to the pin), and Freeman (longest drive), and Swarovski North America. Tee sponsors were Advanced Chemical Co.; The Contenti Co.; E & G Tool and Die Manufacturing; FastSigns of North Attleboro; Jewelers Mutual Insurance Company; Joseph Blank Inc.; LDC Inc.; Lieberfarb; National Chain Group; Pease & Curren; Sansiveri, Kimball, & Co. LLP; and Tanury Industries.

MJSA is the U.S. trade association dedicated to helping jewelry makers and designers achieve professional excellence and maintain their competitive edge. The MJSA Education Foundation, a 501(c)3 subsidiary of the association, sponsors student scholarships and supports worker training and seminar programs to ensure the jewelry industry maintains a qualified, competitive workforce.

Source: http://www.gjepc.org/news/view.aspx?NewsId=7812

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India: Demand for gold will remain robust during 2010 as a result of accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery, the World Gold Council (WGC) said.

According to the WGC’s Gold Demand Trends report for Q2 2010, published today, demand for gold for the rest of 2010 will be underpinned by the following market forces:

• India and China will continue to provide the main thrust of overall growth in demand, particularly for gold jewellery, for the remainder of 2010.
• Retail investment will continue to be a substantial source of gold demand in Europe.
• Over the longer-term, demand for gold in China is expected to grow considerably. A report recently published by The People’s Bank of China and five other organisations to foster the development of the domestic gold market will add impetus to the growth in gold ownership among Chinese consumers.
• Electronics demand is likely to return to higher historic levels after the sector exhibited further signs of recovery, especially in the US and Japan.

Marcus Grubb, Managing Director, Investment at the WGC commented: “Economic uncertainties and the ongoing search for less volatile and more diversified assets such as gold will underpin investment demand for gold in the immediate future. Further, in light of lingering concerns over public debt levels and the euro, European retail investor demand has increased significantly.

“Over the past quarter, demand for gold jewellery in key Asian markets has been challenged by rising local prices. Nevertheless, we are seeing a deceleration in the pace of decline in demand, providing a strong outlook for ongoing recovery in this crucial market segment”.”

GLOBAL DEMAND STATISTICS FOR Q2 2010

• Total gold demand in Q2 2010 rose by 36% to 1,050 tonnes, largely reflecting strong gold investment demand compared to the second quarter of 2009. In US$ value terms, demand increased 77% to $40.4 billion.
• Investment demand was the strongest performing segment during the second quarter, posting a rise of 118% to 534.4 tonnes compared with 245.4 tonnes in Q2 2009.
• The largest contribution to this rise came from the ETF segment of investment demand, which grew by 414% to 291.3 tonnes, the second highest quarter on record.
• Physical gold bar demand, which largely covers the non-western markets, rose 29% from Q2 2009 to 96.3 tonnes.

Source: http://www.gjepc.org/news/view.aspx?NewsId=7810

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India: According to a message from Martin Rapaport to RapNet members on Marange diamonds, on August 11, 2010, the Kimberley Process (KP) certified approximately 900,000 carats of rough diamonds from Marange, Zimbabwe. While the trading of these diamonds may be legal in certain jurisdictions, it is illegal for U.S., European Union (E.U.) or U.K. citizens or entities to knowingly trade these diamonds due to the fact that the companies owning or selling the diamonds are sanctioned by these governments.

The Government had stopped all diamond mining companies from selling diamonds following the KPCS ban on sale of diamonds from Marange fields. The Zimbabwean government last week described this as “insignificant and ineffectual”. This tender of some 900000 carats of rough diamonds fetched nearly $72 million and were sold at the Harare International Airport auction. The country relies heavily on the import and export of diamonds for the upkeep of its economy. Another auction sale of diamonds is planned for September.

The African Diamond Council has voiced support for Zimbabwe in the country’s bid to sell its diamond minerals on the world. Mr. Venkatesan Ashok, New Delhi’s Ambassador to Zimbabwe, says that India is eager to invest in Zimbabwe’s diamond sector and according to media reports, Indian buyers snapped up about 83 percent of diamonds from Zimbabwe’s controversial Marange mines.

According to Chaim Even-Zohar on Idex Online, “Some of the buyers of these goods are among the world’s largest and most prestigious diamond concerns, including DTC Sightholders, committed to elaborate corporate best practices and corporate social responsibility policies. To impinge on the decency of these companies is nothing short of contemptuous”.

Source: http://www.gjepc.org/news/view.aspx?NewsId=7808

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India: A new exhibition of jewelry, cameos and artifacts carved from gemstones will open at the Harry Oppenheimer Diamond Museum here next month. Entitled “And thou shalt breathe life into a gem”, the exhibition is based on the work of master carvers in Idar-Oberstein, Germany, and is the result of cooperation with the Deutsches Edelsteinmuseum there. It is presented under the auspices of Dr. Harald Kindermann, Ambassador of the Federal Republic of Germany to the State of Israel. Brinks Israel is a sponsor of the exhibition.

The exhibition encompasses a vast range of sculptures, objets d’art, cameos, jewelry and utensils, comprising about 150 items valued at approximately one million dollars. It includes cameos, animals, human figures, flowers, fruits and sweets — all carved from gems, yet remarkably lifelike. A wide variety of gemstones have been used – agate, carnelian, tourmaline, amethyst, quartz, rose quartz, chalcedony, onyx, ruby emeralds and sapphires.

Shmuel Schnitzer, Chairman of the Harry Oppenheimer Diamond Museum, said that this exhibition is part of the efforts of the Israeli Diamond Industry to broaden the areas of interest of the diamond community and the general public. “Carved gemstones are part of the crown jewels worldwide. They are most desired items in prestigious jewelry shops and serve as an artistic expression for jewelers who wish to be regarded as artists of miniature sculpture”, he said.

He added that the exhibition is an important manifestation of the close relations between Germany and Israel.

Yehuda Kassif, artistic director and curator of the Ramat Gan museum, said that he wanted to bring the artistic creations and the heritage of the carvers of Idar-Oberstein to the Israeli public. “These master craftsmen, thanks to their artistry, have succeeded in using the colors and textures and even the imperfections of the gemstones to create objects that come alive with warmth and spirit. My goal in curating this exhibit is to expose these unique works of art to the Israeli public, as well as to pay tribute to the great talent of the artist carvers”, he said.

The exhibition will be launched on September 7, 2010 and will be open till the end of December 2010. The opening will be attended by leaders of the diamond and jewelry communities of Israel and Idar-Oberstein, as well as high-ranking representatives of the German embassy in Israel.

The Harry Oppenheimer Diamond Museum, a member of the Israel Diamond Institute Group of Companies (IDI), is a state of the art, interactive educational facility, showcasing the diamond’s journey from mine to jewel. Located in the heart of the Israeli diamond complex, it attracts thousands of visitors every year to its permanent and changing exhibitions.

Source: http://www.gjepc.org/news/view.aspx?NewsId=7801

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