LINKEDAPRIL/ M A Y /J U N E 2020 Linking the industry BY T H E I N DUST RY'S ON LY SUSTA I NA BLE JOU R NAL
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IN THIS EDITION 5 LIQUID GOLD OPPORT U NI T Y: REFINING STOCK DURING C OV I D -19 13 BY ARABELLA RODEN 17 23 CA PE TOOLS - M U RUA BY TENILLE HOCE PROJECT DORÉ BY METCON THE PEGMATITE MINES OF MOZAMBIQUE CO-AUTHORED BY ARTHUR THOMAS AND 31 CRAIG THOMAS THE ONE STOP SHOP FOR A L L O C AT E D G O L D A N D SI LV E R 35 BY KINESIS THE ART OF JEWELLERY DESIGN PROTECTION - A SOUTH AFRICAN PERSPECTIVE ARTICLE BY NOLA BOND Publisher : Member of : Audited by: Jewellers’ Network Publications (Also available online) The Jewellers’ Network Definitive Directory Southern Africa’s biggest, most comprehensive business category directory in the Jewellery, Watch and Diamond industry. It is an invaluable tool for both national and international professionals within the sector. LINKED by Jewellers' Network Jewellers’ Network publishes a quarterly print magazine, LINKED, which is brimming with information, product launches and in-depth articles about the sector. LINKED Online Sent out digitally on a monthly basis and available on our website, LINKED Online is a content-rich digital magazine offering businesses yet another way to reach audiences locally and internationally more regularly. Tel: (+27) 10 030 0888 / Fax: (+27) 86 508 5705 Website: www.jewellersnetwork.co.za / Email: [email protected] Postal Address: PO Box 525, Fourways North, 2086 D esign : Yuppiestudios | www.yuppiestudios. No editorial matter or information published in LINKED by Jewellers' Network may be reproduced in any form without the prior consent of the publisher. The publisher accepts no responsibility, liability or obligation of any statement, photograph or illustration appearing in the advertisements. Every effort has been made to ensure the accuracy of information published in this Directory, however, the publisher cannot accept responsibility for any omissions or errors, or for any consequences arising there from. PAGE 3
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FF EE AA TT UU RR EE DD AA RR TT II CC LL EE Liquid gold opportunity: refining stock during COVID-19 A RT IC L E BY A R A B E L L A RO D E N | W W W.J E W E L L E R M AG A Z I N E .C OM Booming precious metal prices, coupled with lower jewellery spending, increased demand for refining services in the first quarter of 2020. No part of the jewellery industry has been immune Peter Beck, managing director of Adelaide-based company Peter to the impact of the COVID-19 pandemic, and the W Beck, which refines gold, silver, platinum and palladium, notes, refining sector is no exception. “We have observed that precious metal prices at this point in time are strong. However, we are not sure if this is directly related to During times of economic uncertainty, conventional wisdom the COVID-19 pandemic or the general uncertainty of the world’s dictates that precious metal prices rise; this is attributed to economic position [due to other factors].\" increased demand from investors, who flock to ‘safe haven’ assets which historically hold their value. One of those factors may be the ongoing trade tensions between the US and China. This trend has held true during the current global health crisis. \"Metal prices had already been trending positively pre-COVID-19. “Precious metals have always filled that [safe-haven] role,” says The pandemic has lead to 'binge-buying' of investment bullion Richard Hayes, CEO The Perth Mint, which is owned by the which has, in turn, affected metal prices for the jewellery industry,\" Government of Western Australia and refines the majority of gold says Chris Botha, operations manager Pallion. mined onshore, in addition to gold and silver scrap. PAGE 5
At the same time, restrictions on retail trading, rising RECENT STATS unemployment, and plummeting consumer confidence have combined to flatten discretionary spending on luxury items, PRECIOUS METAL depressing jewellery demand. $1,700 gold price per ounce in US LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020 The combination of higher prices for metals and lower demand 39% Dollars, exceeded for the first for finished jewellery makes metal refining an attractive option 45% time in seven years in April 2020 for jewellers. Source: World Gold Council 16% Darren Sher, director Chemgold, says, “While the impact of first-quarter decline in global COVID-19 has been devastating for us all, the one positive aspect demand for gold jewellery for the jewellery industry is that precious metal stock can be Source: World Gold refined, and jewellers can then get the fine metal back, receive payments, or pay their accounts.” first-quarter decline in Chinese platinum jewellery manufacturing He adds, “With the major increase in the gold price in the last few Source: World Platinum years, in some cases, there may be minimal loss on the original Investment Council cost of the metal they purchased years ago.” silver price increase in US The potential is not limited to gold, however – it also applies Dollars, September 2018 - to other major refining metals, including silver, platinum, and February 2020 palladium. Indeed, the World Gold Council’s Gold Demand Trends Q1 2020 Golden opportunity report, published 30 April, revealed that global gold jewellery demand had fallen to a 10-year low, and tumbled 39 per cent The gold price reflects myriad factors beyond mere supply and compared with the same period in 2019. demand, as it is frequently used as a financial “hedge” against currency fluctuations, inflation, and interest rate cuts, as well as “Almost without exception, jewellery markets across the globe geopolitical instability. recorded year-over-year losses as the impact of the coronavirus compounded the effect of high, and steeply rising, gold prices,” Notably, the gold price has been rising for nearly a decade, and the report explained. in April the metal exceeded $US1,700 per ounce. During the same period, platinum jewellery demand fell 26 Some analysts predict it will rise further throughout 2020 – per cent, according to The World Platinum Investment Council potentially surpassing its ten-year highs, which it reached in 2011. (WPIC)’s most recent Platinum Quarterly report. Hayes explains that the price of gold has also been “turbo- China’s platinum jewellery manufacturing alone had declined 45 charged” in Australian Dollar terms, due to the exchange rate with per cent compared with the same period in 2019. the US Dollar. At the same time, demand for physical gold has been constrained by the pandemic. Meanwhile, silver jewellery fabrication is predicted to decrease by 7 per cent in 2020 – its most significant contraction in four WHILE THE IMPACT OF COVID-19 HAS BEEN years. Yet Hayes points out that despite reduced demand from DEVASTATING FOR US ALL, the jewellery sector, the silver price has mirrored gold’s upward trajectory. THE ONE POSITIVE ASPECT FOR THE JEWELLERY INDUSTRY IS THAT “Silver has very much followed gold, but in the last couple of weeks silver prices have strengthened more strongly – they have PRECIOUS METAL STOCK CAN BE outpaced the gold price increases,” he says. REFINED, AND JEWELLERS CAN THEN GET THE FINE METAL BACK, RECEIVE Adam Van Sambeek, treasury manager at Morris & Watson PAYMENTS, OR PAY THEIR ACCOUNTS in Auckland, notes that alongside increased demand from investors, “supply constraints brought on by trade and production ~ Darren Sher, Chemgold ~ restrictions have also pushed gold and silver prices higher”. “The global gold market has been turned on its head by the These factors – ‘safe-haven’ appeal and reduced supply – novel coronavirus [COVID-19], with demand in China and India assisted gold, silver, platinum and palladium prices to a robust collapsing due to lockdowns while in the West investors rushed recovery from an initial the coronavirus demand shock, which saw to buy bullion as a safe asset to weather a period of financial prices plunge in March as the pandemic peaked in the US. turmoil,” noted a recent Reuters report. PAGE 6
In particular, palladium – a key agent in creating white gold, aside Refined strategy from nickel – fell 43 per cent from its February peak of $US2,754, driven by a dramatic decrease in demand from the Chinese With precious metal prices remaining high and jewellery automotive industry. demand subdued, jewellers have an opportunity to create liquidity through refining. However, by 31 May, it had recovered to $US2,011. Indeed, palladium has been the best performing commodity for the past “In terms of normal working stock, having stuff just sitting around two years, according to Forbes, with prices increasing by more – especially if you’re paying lease costs on it – is relatively than 85 per cent between August 2018 and March 2019. expensive. “So having it refined and turning it into cash, so that you can recycle that cash into additional manufacturing stock, The pandemic’s impact on platinum is less dramatic, and prices would tend to make a lot of sense at this stage,” says Hayes. have also stabilised. The WPIC report, published 18 May, noted, “Due to dynamics peculiar to platinum and unrelated to the At Chemgold, Sher observed that when COVID-19 restrictions pandemic, the overall negative effects [of COVID-19] are far less came into effect, “The demand for our refining services increased than might be expected.” substantially. Jewellery retailers and manufacturers sent in large amounts of scrap and lemel to ensure they could have extra The report predicts that demand and supply are likely to remain funds if needed. balanced throughout 2020, with both dropping to five-year lows. “We also found an increase in the number of sweeps received. The lower volumes are largely attributed to COVID-19 closures With restrictions easing, we have found the demand is back to its and restrictions in South Africa, the largest producer of the metal; normal level,” he adds. at the time of publication, mines were only permitted to operate at 50 per cent capacity. South Africa is also also a key producer of THIS PERIOD OF STRONG PRECIOUS gold and, notably, palladium, alongside Russia. METAL PRICING AND DIFFICULT TRADING IS AN OPPORTUNITY FOR JEWELLERS TO Russian palladium mines have been largely unaffected by MANAGE ANY PRECIOUS METAL STOCK, the pandemic. IN EITHER FINISHED OR The world’s largest palladium producer, Nornickel, has not UNFINISHED FORM, THROUGH changed its 2020 guidance, with operations chief Sergey Dyachenko saying, “We expect saleable metal production REFINING... IT IS POSSIBLE volumes to recover during the rest of this year.” THAT PRECIOUS METAL VALUE ALONE WILL RETURN MORE THAN THE ALMOST WITHOUT EXCEPTION, JEWELLERY ORIGINAL PURCHASE PRICE OF THE MARKETS ACROSS THE GLOBE RECORDED PRODUCT YEAR-OVER-YEAR LOSSES AS THE IMPACT OF ~ Peter Beck, Peter W Beck ~ THE CORONAVIRUS COMPOUNDED THE EFFECT O F H I G H , A N D S T E E P LY R I S I N G , G O L D P R I C E S At Pallion, Botha says, \"Our refinery facilities refine next to half of Australia’s precious metals output and have continued to ~ World Gold Council, Gold Demand Trends, work round the clock to meet marketplace demand since the Q1 2020 report ~ pandemic. We have seen record-high refining jobs coming through [from] the jewellery industry. \"Many jewellers during these trying times have been conducting spring cleans and sending their lemel scraps for refining to assist them to weather the storm. This was also compounded by the upcoming end of the financial year.\" Meanwhile, Van Sambeek observes, “Temporary [store] closures as a result of COVID-19 gave our clients an opportunity to do some long overdue house cleaning. “The high gold price, in conjunction with economic uncertainty, has seen an increase in refining, with many clearing old or slow- moving stock, surrendered for cash or metal.” Beck has also noticed a “definite increase” in demand for precious metal refining in recent months. “We believe this is mainly to act as a source of cash flow for both retail and manufacturing jewellers in these difficult times,” he explains. PAGE 7
DUE TO THE HIGH GOLD AND PALLADIUM PRICES, HIGH-CARAT AND WHITE METALS CONTAINING PLATINUM AND PALLADIUM ARE THE BEST TO REFINE FIRST ~ Adam Van Sambeek, Morris & Watson ~ And when choosing a refiner during the uncertainty of COVID-19, LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020 Hayes recommends taking a careful approach, pointing to several US refiners who have declared bankruptcy in recent years, leaving their customers’ metal in the general creditors’ pool. “Avoid taking unwanted credit risks – especially if there are financial liability issues,” he advises. Botha adds, \"There are very few true ‘refiners’ in Australia – many who claim to be refiners are merely aggregators. Make sure you send your refining job to an entity that actually refines; otherwise all you are doing is paying a middleman. We are the only independent London Bullion Market Association (LBMA) and Shanghai Gold Exchange (SGE)-accredited refinery in Australia and you can take a virtual tour of our refining facilities on YouTube.\" “This period of strong precious metal pricing and difficult trading Indeed, stock management is a critical component of retail even is an opportunity for jewellers to manage any precious metal in periods of growth, but the importance of generating cash flow stock, in either finished or unfinished form, through refining.” by refining – where appropriate – is vitally important during the current crisis. Beck recommends jewellers begin by refining old stock that has been in store for more than four to five years. As jewellers begin to reopen their doors and consumer spending on discretionary items increases throughout the second half of “Because of the current strong precious metal prices, it is 2020, a solid refining strategy strengthens a jewellery business’ possible that precious metal value alone will return more than the position – and gives it a better chance to survive and thrive. original purchase price of the product,” he adds. KEY POINTS Meanwhile, Sher says jewellers should refine “fairly regularly” as fees are low in proportion to the payments received for Precious metal prices have increased precious metals. Economic uncertainty has pushed investors towards “The advice is to, where possible, keep all your metals separate ‘safe havens’ in these categories: silver, yellow gold, white gold and platinum,” he adds. Jewellery demand has declined “This can make refining charges more economical as two-metal Falling consumer confidence and retail restrictions due refining (gold/silver) is less expensive than four-metal (gold/silver/ to COVID-19 have combined to reduce jewellery sales platinum/palladium) and platinum-only. We provide guidance on how to separate metals to ensure fees are as low as possible.” Refining can financially benefit jewellers Van Sambeek advises, “Due to the high gold and palladium In the short-term, refining can assist in maintaining prices, high-carat and white metals containing platinum and liquidity palladium are the best to refine first.” Stock management is critical “But as most metal prices are up, any refining will help release funds quickly during this time,” he adds. Post-crisis, refining ensures jewellers have fresh stock and resources PAGE 8
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AU Traders & Refiners (Pty) Ltd is a one stop professional LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020 service for the precious metals industry We buy second hand or scrap Gold, Silver and Platinum jewellery, cutlery, trophies, medals ect.* AU Traders & Refiners are suppliers of: Carated Alloys such as Gold, Silver, Platinum and Palladium Pre-Alloys for the Jewellery Industry Pure Gold, Silver, Platinum and Palladium to all industries Silver anodes for Plating Industry Plating Solutions DOWNLOAD OUR NEW APP Contact Jacqui Tel: 011 334 7607/8 or [email protected] Please visit our website for more information: www.autraders.co.za *From valid Jewellers Permit and Second-hand Dealers License holders only. We do not buy directly from the public. PAGE 12 PAGE 1
FF EE AA TT UU RR EE DD AA RR TT II CC LL EE ARTICLE BY TENNILLE HOGE What is Murua? 4. Gemstones and non-conductive materials will not be affected Grinding + Polishing in one short step Pieces can be processed without removing embedded gems, which will not be affected and will maintain their Fully automated. High performance original properties. The dielectric parts are also unaffected by the process. Perfect finishing for gold, silver and brass alloys 5. Maintains the geometry of the piece Murua is a grinding and polishing systems for gold, The process, unlike mechanical ones, does not rounds edges, silver and brass alloys. It can process various pieces and can penetrate in all dead zones. These attributes, along at same time in one only fully automated step. It is with the extraction performance, allows for the creation of new specially designed for goldsmiths, as it allows more designs, which would not have been feasible until now. time to design, by reducing the time spent on surface finishing work. 6. Low loss rate. Fully recoverable The process achieves the highest polishing quality with Why Choose Murua? minimal removal of material. All the extracted material is deposited on the cathode, from where it can be completely 1. Grinding and polishing in one step recovered. From cast to mirror-finishing polishing in just one step. Completely automated process. 7. Expertise is not required The process, being fully automated, does not require any 2. Big time savings specialized labor. It also enables the industrialization of An optimal performance is achieved, due to a high pieces by removing the differences between them. energy extraction process. At same time, the whole process is carried out using the same machine, reducing 8. Low maintenance and consumables costs the waiting and preparation time. It is even possible to The treatment process does not require any abrasive items, process 3 pieces simultaneously. which prevents a constant expenditure on consumables. 3. Polish complex parts without disassembling them 9. Environmentally friendly: The polishing action reaches every corner of the piece, so it No environmentally harmful materials are used during the can process articulated pieces, such as necklaces, or interior polishing process or on recovery of the extracted material. walls which cannot be accessed mechanically. V I S I T O U R W E B S I T E AT W W W.C A P E T O O L S .C O. Z A PAGE 13
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Extensive Watch Battery range RSTWORLD’S FITHE Unique Multi Drain Technology ANOTHER FIRST FROM EN ERGIZER BRINGING SIMPLICITY TO A COMPLEX WORLD LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020 AA WATCH WHOLESALERS CC • Tel: (012) 342 8978/9 | Fax: (012) 430 7002 | Email: [email protected] | 877 Church Street East, Arcadia, 0083, South Africa PORT ELIZABETH • Warren Davidson Agencies | Name: Warren Davidson | Tel: (041) 373 6981 | Email: [email protected] | 9 Bibury Ave, Linkside, Port Elizabeth, 6001 CAPE TOWN • Southern Watch Jewellery | Name: Eileen | Tel: (021) 426 1933 | Email: [email protected] | 40-44 Hout Street, Cape Town, 8001 DURBAN • Jay Hanoomaun & Associates CC | Name: Paula Hanoomaun | Tel: (031) 305 4326 | Email: [email protected] | 379 Smith Street, 5th Floor, Doone House, Durban, 4001 PAGE 22
FF EE AA TT UU RR EE DD AA RR TT II CC LL EE The Pegmatite Mines of Mozambique Co-authored by Arthur Thomas FGA(GB), GG(USA), CE(RSA) and Craig Thomas FGA(GB), GG(USA), B.Comm(RSA). ARTHUR THOMAS CRAIG THOMAS T H E T H R E E M A J O R , E X T E N S I V E LY- WO R K E D , M I N E R A L R I C H PEGMATITES IN MOZAMBIQUE RUN FROM THE MUIÂNE MINE OF ALTO LIGONHA PROVINCE IN THE NORTH, BY WAY OF THE CENTRAL MORRUA MINE TO THE MARROPINO MINE OF ZAMBEZE PROVINCE IN THE SOUTH. There are also numerous smaller scale operations, worked by garimpeiros many of them being situated in the Tete and Manica provinces. Muiâne: Muiâne, is a granite pegmatite some 400 meters in diameter, 11:48 AM that hosts numerous exotic minerals. It was probably originally worked for a combination of sheet mica and the abundance of gem materials. However when the entrepreneur Pio Cabral mined the deposit his aim was to supply the growing demand for colombo-tantalite. Cabral sold the recovered andalusite, aquamarine, microcline, morganite, spodumene, topaz, tourmOCaTlin1e9, MzairgcaozinneanSdtroitphser18g4e.m5 mmm axte3r3ia.l5smmasAbUGy-1p9r.opddufcts1. 2019/10/11 C M Y CM MY CY CMY K PAGE 23
Columbium: LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020 Columbium, now also known as niobium, is a chemical element with the symbol Nb and the atomic number of 41. It is a light grey, crystalline, ductile, transition metal in many respects bearing a close resemblance to tantalum. It is mainly used in the manufacture of special steels since a small percentage of niobium can enhance the strength of a steel alloy to a remarkable extent. Niobium is regarded as a technologically critical element and the temperature stability of niobium superalloys is of great importance in the manufacture of jet and rocket engines. Niobium is also employed in a range of superconducting materials. Superconducting alloys that also contain titanium and tin are used in the superconducting magnets of MRI scanners. Other niobium applications include electronics, jewellery, nuclear physics, numismatics, optics and welding. Tantalum: Tantalum is a blue-grey transition metal, symbol Ta, atomic number 73 and a member of the refractory metals group. It forms the basis of numerous compounds that are extremely heat resistant and durable. It is hard, easily fabricated, extremely corrosion resistant, and a good conductor of electricity and heat. Tantalum is employed in mobile phones, DVD players, video cameras, computers, video game systems, television and other electronic equipment; capacitors, high power resistors, special high strength alloys, jet engine components, missile parts, nuclear reactors, metalworking tools, chemical processing equipment, camera lenses, dental and surgical instruments and implants. Lithium: Lithium symbol Li atomic number 3. Lithium batteries are the preferred choice for portable electronic devices. Rare Earth Elements REEs are commonly used in TVs, tablet computers, cameras, cell-phones, rechargeable batteries, automobile catalytic converters and hybrid cars. OCT 19 Magazine Strips 184.5 mm x 33.5mm AUG 19.pdf 2 2019/10/11 11:48 AM C M Y CM MY CY CMY K PAGE 24
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MMeandJueiftwaecetrlulrerarisnngean LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020 - Manufacturers and repairers in platinum,gold, palladium and silver jewellery - Setting and plating of jewellery PANAYIOTIS COSTARAS CELL: +2782-6890630 TEL: +2711-5240693 Email: [email protected] Website: www.mmjewellers.co.za PAGE 26
theJewelleryHub Design, Print and Casting hub DESIGN • PRINT • CAST GOLD • SILVER • PLATINUM • PALLADIUM All printing is done in Extreme High Definition on the latest Projet Multi- Jet Wax Printer, ensuring crisp and fine feature detail on all your castings. CONTACT DETAILS Tel: 083 326 5746 | Email: [email protected] | Website: www.worldofdiamonds.co.za PAGE 27
Challenged with Gold Licence Renewal? In Association with The Jewellery Hub Skip the Wait and Start Today presents ... THEFINISHING HUB LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020 Finishing, Setting and Engraving Hub FINISH • SET • ENGRAVE * Send Jewellery Hub Castings for Finishing, Get Same Day Finishing * Easy Stone Solutions with onsite * Specialist Stone Setters and Diamond & Gemstone laboratory * Get the latest Laser Technology hallmarking and Personalised Engraving * Three tier Quality Control Certificate issued with each order. Stand out from the rest, or be like them! The choice is yours... How it Works? * Release letter issued to The Jewellery Hub * Send your stones on Appro / Buy from us * Delivery to Finishing Studio * Despatch to your City CONTACT US SMS/Whatsapp 083 284 2666 | email [email protected] Finishing Studio is a registered division of LOUIE DANIELE Diamond Corporation Group (Pty) Ltd | Since 1998 PAGE 28
World leaders in doré refining and low grade gold recovery Rand Refinery is one of the largest www.randrefinery.com single-site precious metals refining and smelting complexes in the world. We effectively recover gold and silver from various grades of doré and concentrates, as well as low grade mine byproducts, refinery sweeps and other waste material. PAGE 29
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FF EE AA TT UU RR EE DD AA RR TT II CC LL EE THE ONE STOP SHOP FOR ALLOCATED GOLD AND SILVER London 24.06.2020: Kinesis today releases a new A synchronised redesign of the Kinesis mobile app ensures user interface for the Kinesis Exchange, bringing a the elevated UI and charting functionality are accessible smooth user experience and all-new responsive chart away from your desktop, complete with full-screen mode for functionality to the trading platform. frictionless mobile trading, scheduled for release on iOS and Android later this month. Through the Kinesis Exchange, Kinesis offers traditional and cryptocurrency traders simple, low-cost access to allocated Alongside engaging traditional traders, the Kinesis physical gold and silver bullion, with all storage fees covered. Exchange is now poised to compete with more established cryptocurrency exchanges. Progression chartered in the In an industry first, Kinesis has integrated securely vaulted, vital additions of the world’s most prominent cryptocurrency, allocated, physical bullion with blockchain technology to Bitcoin (BTC), and the popular stable coin, pegged to the create digital currencies of enduring value. Kinesis gold price of the U.S dollar, Tether (USDT). The global crypto and silver-based digital currencies bring instant, low-cost community has the ideal opportunity to diversify or stabilise global transactions and immediate liquidity to precious their cryptocurrency portfolio, with the stable value of physical metals investment and trading. Later this month, the launch gold and silver, through Kinesis digital gold and silver-based of the Kinesis virtual debit card is set to provide the global currencies, KAU and KAG. community with a full end-to-end solution, transforming physical gold and silver and cryptocurrency into spendable Kinesis gold and silver-based digital currencies represent currencies. allocated physical gold and silver bullion, KAU - 1 gram of gold - and KAG - 1 ounce of silver; with the holder owning In commitment to providing a seamless and diverse trading the underlying bullion, stored in the Kinesis vaulting network experience, Kinesis has enhanced the layout, analytical without charge. KAU and KAG make physical gold and functionality and expanded the available trading pairs on the silver bullion immediately accessible for trade with fiat or Kinesis Exchange. The Kinesis Exchange provides a fluid user cryptocurrency, with a flat 0.22% trade execution fee; instant experience, increased accessibility and greater analytical remittance with a flat 0.45% fee, or spendable at point of sale control over the trading environment. via the Kinesis virtual debit card. Kinesis has redesigned the Kinesis Exchange interface to Conceived to disrupt archaic industry infrastructure, Kinesis deliver an intuitive trading experience. The streamlined design is positioned to transform the precious metals space. In guides users from analysis through to trade execution on a combining the timeless value of physical gold and silver with single screen, allowing for seamless efficiency of trade. The the borderless value and efficiency of cryptocurrency, Kinesis professional interface features responsive TradingView charts, has created the ideal solution for investors and traders alike. technical indicators and interactive drawing capabilities to equip users with all necessary tools to capitalise on fast- FOR MORE INFORMATION AND moving markets. PRICING GO TO: The enhanced single-screen layout presents convenient kinesis.money/exchange/ access to the order book, depth displays, order history and open charts, with the optional viewing preference of full-screen view. PAGE 31
The Digital Evolution of the Monetary Standard KAU (Gold) and KAG (Silver) are the Kinesis Monetary LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020 System digital asset currencies. The Kinesis Monetary System is an award-winning physical asset-based monetary system utilizing blockchain technology, Digital Gold Currency (KAU) that also incorporates a fee-sharing yield on traditionally Description: 1 fine gram physical gold digital token, consisting non-revenue bearing assets; precious metals. Kinesis has of gold cast bars of minimum fineness of 999.9 and bearing the advantage of experience in the precious metals market, a serial number and identifying stamp of a refiner as per ABX as well as having significant technology development already Quality Assurance Framework, table of Approved Refiner List. completed. It also comes after 2018 saw gold outperform many global equity markets and currencies, attracting Digital Silver Currency (KAG) renewed interest in the precious metal. Description: 1 oz physical silver digital token, consisting of silver cast bars of a minimum fineness of .999 and bearing an The Kinesis Monetary System is based on 1:1 allocated identifying stamp of a refiner as per ABX Quality Assurance physical gold and silver, powered by the Kinesis Framework, table of Approved Refiner List. Blockchain Network and the world-leading Allocated Bullion Exchange infrastructure. Kinesis Monetary System participants hold full title ownership of allocated gold or silver to their KAU (gold) and KAG (silver) A NEW ERA IN P RECIOUS METALS digital asset currencies. Trade Effortlessly Kinesis has developed a multifaceted fee-sharing yield system With cryptocurrency, fiat and Kinesis gold and that is specifically designed to attract institutional and retail silver currencies capital and incentivise use and velocity of the currency suite. Users are financially rewarded based on their participation Deep Liquidity and the overall velocity (rate that money changes hands) of the 23/5 live pricing and point-click-trade Kinesis digital asset currencies. This revolutionary unique yield instant order execution is derived purely from economic output rather than debt, unlike fiat currency with fractional reserve banking. The unique yield Low Fees system encourages adoption and stimulate use and economic All trade execution fees are set at a fixed 0.22% value to participants. for all currency pairs When KAU and KAG are transferred between holders the Tight Spreads network collects a 0.45% fee that is then accumulated and Ensuring the user always gets the best price distributed monthly, in varying proportions, to participants in the Kinesis Monetary System as a ‘yield’. A GOLDEN FUTURE IN CROSS-BORDER PAYMENTS » Minter Yield: Minters receive a proportional 5% share of the transaction fees on the Kinesis coins they create and then use. Domestic and international remittance Minting is the process of converting fiat currency or physical Send money with our 0.45% flat fee bullion holdings into KAU and KAG coins; this is done in the Kinesis Mint. Transact outside of local currencies Make payments in gold and silver » Depositors Yield: Kinesis depositors will receive a 5% share of transaction fees on their initial deposit and then use of No more waiting Kinesis coins. Transfers completed in under 5 seconds » Holder Yield: Kinesis holders receive a 15% share of the Become your own bank transaction fees generated over the Kinesis Monetary System Take ownership of your individual finances while holding the currencies, calculated on a daily basis and credited to their e-Wallets monthly. » Recruiter Yield: The recruiter yield rewards people or corporations who refer new users to Kinesis. A Kinesis recruiter will receive a proportional 7.5% yield on active Kinesis Wallets. PAGE 32
How to use Kinesis Digital Asset Currencies, KAU (Gold) Kinesis is a full-circle monetary system made up of all and KAG (Silver)? elements and functions required for a successful and effective monetary system. Kinesis Mint These differing functions make up different business units The Kinesis Mint functions as the wholesale market where the within the group. currency is created and minted. This occurs in an institutional centrally cleared exchange with deep liquidity and connectivity Kinesis Monetary System and the South African Jewellers into global wholesale trading organizations via Allocated Network Bullion Exchange (ABX). Kinesis is proud to be partnered with the South African Kinesis Exchange Jewellers Network to leverage a combined effort towards accessibility and education on the operational usage of the The Kinesis Exchange operates as an exchange where Kinesis Kinesis Monetary System within the jewellery, precious metal and other digital currencies can be traded. This is being and mining industries. We believe that is important to reward developed internally to ensure deep liquidity for the Kinesis participation within our monetary ecosystem and this will add currencies. additional economic benefits and competitiveness for the participants of the South African Jewellers Network. Kinesis Kinesis Blockchain Network (KBN) supports the growth of new entrepreneurs and established jewellers and aims to lay a foundation for impact towards the KBN is the blockchain technology upon which the Kinesis suite market and economic growth within these industries. of digital currencies are built. Kinesis currencies can be sent, spent, saved, or traded through the blockchain. FOR MOR E I N FOR M ATION CON TAC T: Christiaan Roesch Kinesis Commercial Centre Head: Africa Operations [email protected] The Kinesis Commercial Centre is another platform to be www.kinesis.money released with the Kinesis Monetary System. Merchants, entrepreneurs and various business owners will be able to display their products and services on our commercial “super- highway” for further market exposure. Kinesis E-Wallet The Kinesis E-Wallet allows the participant to have instant access to their digital asset currencies to send, spend, view balance and much more. Kinesis Debit Card Want to treat yourself to your favourite cup of coffee, piece of jewellery or spoil your loved ones, use the Kinesis debit card wherever you go in the world. It is not intended to and does not represent an offer of any form of security or investment product. If you are interested in participating further in the growth of the Kinesis system then Kinesis’ legal advisors will be able to provide you with more comprehensive information and terms and conditions as well confirming your ability to participate in the Kinesis Velocity Token sale PAGE 33
PAGE 34 LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020
FF EE AA TT UU RR EE DD AA RR TT II CC LL EE The art of jewellery design protection - A South African perspective ARTICLE BY NOLA BOND Jewellery, like all great crafts, is the domain of Living in a country like South Africa, there are many inspired, talented and creative designers who natural riches to inspire and create exceptional pieces of can blend the magic of metals, precious stones, jewellery. Aside from some of the world’s most magnificent natural materials and artistry with a vision to diamonds and gemstones, the flora, fauna and multi-cultural reveal magnificent works – sometimes simple colourful nature of the country creates a true haven for and often highly complex. artistic inspiration. Nature is always a gift to these talented people whether There are intellectual property laws globally that provide by way of gorgeous gemstones, precious resources or the protection for jewellery designs which may vary according pure inspiration that the natural world lends to creativity. to jurisdiction including trade marks, designs, copyright, Legend, symbolism and cultural values all play out in this traditional knowledge and advertising laws. Below is a short wonderful art form. note on the applicability of the trade mark law in South Africa. OCT 19 Magazine Strips 184.5 mm x 33.5mm W.pdf 1 2019/10/11 9:27 AM C M Y CM MY CY CMY K PAGE 35
Trade mark protection Whilst many people automatically relate a trade mark to a The key to good protection is how the trade mark is filed brand name, slogan or a logo, The South African Trade Mark and particularly, in the cases of trade marks consisting of Act of 1993 (the Act) affords much broader protection for shapes, patterns, configurations and ornamentation, how the aesthetic elements of intellectual property. By definition, a endorsement is crafted is key to ensuring the distinctive trade trade mark must be distinctive in order to distinguish the goods mark features are protected. Without an accurate and carefully or services for which it is registered from those of other traders drafted endorsement, the rights acquired may simply be in the same or similar field. worthless. The definition of a trade mark in the Act reads: “a sign Practically this requires a careful consideration of the trade LINKED BY JEWELLERS' NETWORK / MINING AND REFINING EDITION / © COPYRIGHT 2020 capable of being represented graphically including a device, mark material and how best to reflect this graphically to meet name, signature, word, letter, numeral, shape, configuration, the requirements of the Act and be clearly interpreted when pattern, ornamentation, colour or container of goods or any enforcing a trade mark. Seeking the advice of an intellectual combination of the aforesaid.” property expert is always the best approach to secure optimum protection. As such, there are various options available on how best to protect jewellery designs and the trade marks that underpin All jewellery designers should consider protecting their works the distinctiveness of these works. One need only think to the optimum level. Today, customers are not necessarily of some of the great jewellery houses of HÉRMES, CHANEL, looking for the biggest, and brightest but are interested in FABERGE, MIKIMOTO and CARTIER and how the names, sustainability, environment friendly and conflict free products. logos, signatures, use of numbers, patterns and ornamentation Protecting the hard work of creative designers and harnessing form part of their trade mark protection. Even packaging as the commercial value is the optimum result. exemplified by the famous TIFFANY BLUE BOX is protected as a trade mark. As such a careful and holistic approach should be adopted. OCT 19 Magazine Strips 184.5 mm x 33.5mm W.pdf 2 2019/10/11 9:27 AM C M Y CM MY CY CMY K PAGE 36
186 1st Rd, Chartwell, Fourways Work From Home PO Box, 2150, Witkoppen, 2068 Manage Your Jewellery Business Safely. [email protected] No additional cost. Unlimited users. www.bransondirect.co.za www.shopkeeper.co.za 1766 Vilakazi Street, The Box shop, Orlando west +27 73 493 0029 CLASSIFIED Looking for a position as a jewellery designer Ntsikelelo Shange Email address : [email protected] Cell number : 0820934814/ 0738292006 Warren : 083 231 8919 PAGE 37
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BYL 210 mm(w) x 297 mm(h) MAY2020.pdf 1 5/21/20 5:10 PM C M Y CM MY CY CMY K
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