The aim of this action is the provision of basic gemological and market knowledge in the regions where the mining of precious stones, said Tuesday at the institute. GIA distributed free illustrated booklet, available in English and Swahili, Tanzanian, approximately 45 women miners in the Tanzanian region of Tanga (Tanga).
"We promote hands-on learning science gems as far as possible in the supply chain to the people who can benefit greatly from a better understanding of the finest gems, which they bring to the market", - said Syuzan Zhak (Susan Jacques), CEO of GIA.
GIA team of staff working on aid, in consultation with experts on colored gemstones that have a great experience buying gems in the countryside. The original idea came from James Shigli, a prominent researcher of the laboratory.
The pilot project, which was conducted by the Institute in partnership with the International Organization for Development, was worth $ 120,000, which GIA paid from his trust fund.
According to the World Bank, artisanal and small-scale production is about 80% of world production of sapphires, 20% gold and 20% of diamond mining. Last month, the miner from Sierra Leone found a rough diamond weighing 709.48 carats, which will be offered for sale by means of an international tender this week.
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Chow Tai Fook Jewellery Group Limited, the largest jewelry company, whose shares are traded on the Hong Kong Stock Exchange, announced the preliminary results of its activity in the first half of the fiscal year, which ended on 30 September.
Revenue Group companies fell by 4.1% in the first quarter of fiscal year 2016 to $ 3.62 billion (28.12 billion Hong Kong dollars), compared to $ 3.78 billion in the first half of the 2015 fiscal year. Gross profit decreased by 15.8% to $ 1.01 billion (7.85 billion Hong Kong dollars).
Profit shareholders decreased by 42.2% to $ 200.8 million (HK $ 1.5 billion).
President of the group Chow Tai Fook companies Genri Chen (Henry Cheng) said: "Market fluctuations of premium products that have taken place in the last 12 months, continue to pose a threat to our operations we try to concentrate and notice the smallest details in the positioning of our business We raise strategic effectiveness.. our sales channels and new products in response to changing consumer preferences and tastes. "
Reduction of Chow Tai Fook revenues in the first half of fiscal year 2016 was largely due to weaker demand for premium products in Hong Kong and Macau, as well as reduced purchasing ability of tourists. Although the company's revenue decreased by 4.1%, this decline was partly offset by relatively stable market conditions and contribute to the overall business of new sales outlets opened in mainland China.
Meanwhile, the wholesale segment brought Chow Tai Fook only 14.6% of revenue and first half of the 2016 fiscal year, as a selling point, open the franchise, reluctantly increased their stocks of products.
Kent Wong (Kent Wong), Managing Director of Chow Tai Fook, said. "Against the background of the uncertainty that currently on the market, we remain confident in the long-term growth of jewelry consumption in mainland China the same time, to adapt to new challenges, facing our company, we will develop a balanced approach to growth and development of Chow Tai Fook ".
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