Tuesday, July 5, 2016

BWI: Hyatt Climbs to 11th Place in Great Place to Work's (GPTW)® 'India's Best Companies to Work For' in 2016

 
Source : Hyatt Hotels Corporation
Tuesday, July 5, 2016 11:47AM IST (6:17AM GMT)
 
NYSE:H(NYSE:H)
Hyatt Climbs to 11th Place in Great Place to Work's (GPTW)® 'India's Best Companies to Work For' in 2016
 
Mumbai, Maharashtra, India

At a well-attended ceremony in Mumbai, Hyatt Hotels & Resorts has been recognized as one of ‘India’s best companies to work for in 2016’ by Great Place to Work® (GPTW) Institute. In line with its philosophy of ‘Purpose and Care’, Hyatt as a workplace believes in promoting camaraderie, trust and pride amongst its employees to ensure that they are at their best every day. Hyatt moved up by one rank and stood 11th this year in the GPTW India list.
 
Hyatt is delighted to be climbing up in the annual GPTW rankings.  Our teams at our hotels throughout India are making strenuous efforts to ensure a strong workplace environment that has become the hallmark of our ethos. Our focus on our overarching commitment to caring for our people so that they can be their best is reaping the right results and we are committed to making sure that this continues.”
 
“Our people are a part of Hyatt's unique familial culture and each one of us shares an emotional connection not only with individual properties we work in, but with the powerful brand promise that is shared worldwide. This recognition from GPTW is extremely encouraging and motivating for our continuous efforts towards becoming the most preferred workplace for the associates as well as potential talent,” said Ramjan Bhugeloo, Regional Vice President, Human Resources, Southwest Asia, Hyatt Hotels and Resorts.
 
Hyatt has now achieved yet another milestone in establishing the fact that employees at Hyatt enjoy their workplace which translates into authentic hospitality for guests.
 
As a part of the India’s Best Companies to Work for 2016 study, about 800 organisations across industries, employee strength and revenue brackets applied to be assessed. Over 155,119 employees were surveyed, making it the largest survey of workplace cultures in corporate India. As a part of this programme, the organisations were studied under two dimensions. First, being a unique employee-centric framework that measures the levels of Trust, Pride and Camaraderie prevalent in an organisation. Second, through a questionnaire seeking to understand the people practices, philosophy and values of an organisation. In the 13th year of assessment, Great Place To Work® Institute, India has recognised the 100 best workplaces that comprise of organisations across 16 industries, with employee strength varying from less than 500 to more than 10,000, shattering the myth that organisations of certain legacy, size or revenue are more likely to become great workplaces.
 
Strong Record of Workplace Recognition:
 
Hyatt Hotels and Resorts is recognized the world over as a leader in promoting a nurturing as well as a positive and diverse workplace environment. The company has received some of the most prestigious workplace distinctions in recent years, including:
 

  • Hyatt has been listed as one of the top 10 companies to work for in Asia by Great Place to Work® in 2015.
  • Hyatt has been listed as one of the top 100 companies to work for in India by Great Place to Work® in 2014.
  • FORTUNE named Hyatt to its 2014 “100 Best Companies to Work For®” List in the U.S. for the first time, based significantly on the results of a Hyatt associate survey.
  • Glassdoor named Hyatt to its “Top 50 Best Places to Work” list in 2014, based on reviews by Hyatt associates.
  • The Human Rights Campaign named Hyatt as a “Best Place to Work for LGBT Equality” for the tenth consecutive year in 2014.
  • The Wall Street Journal, BusinessWeek and experience.com have named Hyatt as a desired employer for recent graduates and young professionals. AARP has named Hyatt a top employer for older Americans.
  • Hyatt has also been featured in the prestigious list of awardees of Gallup Great Workplace Award recognizing them for their extraordinary ability to create an engaged workplace culture.
 
About Great Place to Work®
 
Great Place to Work®, headquartered in San Francisco, is a global research, consulting and training firm that helps organizations identify, create and sustain great workplaces through the development of high-trust workplace cultures. Great Place to Work serves businesses, non-profit organizations and government agencies in 51 countries.
 
About Hyatt Hotels Corporation
 
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 12 premier brands and 652 properties in 53 countries, as of March 31, 2016. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to create value for shareholders, build relationships with guests and attract the best colleagues in the industry. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences and vacation ownership properties, including under the Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric, The Unbound Collection by Hyatt, Hyatt Place®, Hyatt House®, Hyatt Ziva, Hyatt Zilara™ and Hyatt Residence Club® brand names and have locations on six continents. For more information, please visit www.hyatt.com.

 
Media Contact Details

Yasmin Poonegar, Hyatt Hotels & Resorts, Southwest Asia, ,+91-9004128086 , yasmin.poonegar@hyatt.com

Rohini Saldanha, Hill+Knowlton Strategies, ,+91-9819179368 , rohini.saldanha@hkstrategies.com

 

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BWI: Shared Service Optimization will Help Organizations Beyond Cost Reduction and Efficiency Improvement, by Enabling Strategic Decision Making, Notes Frost & Sullivan

 
Source : Frost & Sullivan
Tuesday, July 5, 2016 11:07AM IST (5:37AM GMT)
 
Shared Service Optimization will Help Organizations Beyond Cost Reduction and Efficiency Improvement, by Enabling Strategic Decision Making, Notes Frost & Sullivan
 
Mumbai, Maharashtra, India

Shared Service Organisations (SSOs) have historically been set up globally to drive cost reduction, establish reliability, and improve service quality efficiencies. While SSOs continue to serve this objective for large number of organisations globally, some organisations have leveraged their SSOs to be a strategic business partner. The scope and influence of SSOs has transformed over the years from a discrete shared services model to a global business shared service model toward leveraging the potential of being an integrated business service provider. With over 80% of global fortune 500 companies having set up an SSO, the value derived is plain and clear.

Organisations headquartered in North America and Western Europe lead the adoption of Shared Services, followed closely by the APAC. In the GCC, the benefit that shared services can provide and the role it can play in improving internal efficiencies is fast catching the attention of most CXOs.. With volatility in oil prices, cost management is becoming a key focus area for many corporates in the region.

The approach of the Manufacturing & Process Consulting Practice at Frost & Sullivan to Shared Services optimisation is to continually-work towards ‘Reduction in Business Shared Services costs as a Percentage of Total Revenue’ of an organisation. Frost & Sullivan believes that Shared Services exist to enable businesses, as a strategic partner.

According to leading studies on SSOs, organisations have gained a 30-35% reduction in labour cost and the ROI is just about 2 – 2.5 years. Companies typically see a 25-30% improvement in process efficiencies, a significant improvement in ERP utilisation, process standardisation and business leaders see it as an enabler to growth and business decision making.

Mr. Gowtham Sivabalan, Associate Director – Manufacturing & Process Consulting Practice, Frost & Sullivan notes, “Some of the organisations in the GCC have been forward looking and have a SSO already in place but most of them are at the level of an internal discrete shared service or multi-function shared service. These organisations can expect an additional 10-15% cost benefit by optimising their current shared services model and upgrading it to a global business service or an integrated business service provider.”

The GCC is fast expected to be a key Shared Services market due to the potential it holds for regional corporations, government and government related service entities through areas of workforce nationalisation through job creation and establishing a local presence.

Frost & Sullivan is presently working with a leading business group in the Kingdom of Saudi Arabia in to design and build a shared service organisation with a clear objective of reducing the cost of internal services, improve service quality, efficiency, and accountability, ultimately supporting business growth. The expertise to provide a rapid and accurate assessment is enhanced by our customised offering capabilities. Robust and objective internal scoring models and templates enable the swift provision of expert recommendations. The cross-functional team further deploys its expertise to address client’s challenges and produce practical and measurable solutions.

Frost & Sullivan areas of expertise –
 

  • Consultation and strategic assessment
  • Benchmark your current performance relative to peers and world-class performers
  • Simulate and build an optimal shared service model 
  • Build–Operate–Transform- Transfer your Shared services
 
Is your Shared Service Organisation optimised to deliver business benefits? Are you adopting the best practices in your SSO? To find out more about our Shares Service expertise, please write to Gowtham Sivabalan, Associate Director – Middle East, North Africa & South Asia @ GowthamS@frost.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
 
  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation, and implementation
  • The Partnership Infrastructure is unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices, as well as our global footprint of more than 45 offices

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?

Contact Us: Start the discussion 
www.frost.com

 
Media Contact Details

Ravinder Kaur, Corporate Communications – South Asia Frost & Sullivan, ,+91-9940141714 ,+91 (44) 66814413 , ravinder.kaur@frost.com

Anita Chandoke, Corporate Communications Frost & Sullivan, ,+91-9916133311 ,+91 (80) 67028020 , achandhoke@frost.com

 

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BWI: T-Hub Inks Partnership with Aeries Technology Group to Help Startups Access World Class, Fault Tolerant Software and Server Technology

 
Source : T-Hub
Tuesday, July 5, 2016 10:00AM IST (4:30AM GMT)
 
T-Hub Inks Partnership with Aeries Technology Group to Help Startups Access World Class, Fault Tolerant Software and Server Technology
Aeries to provide Stratus branded "Always On" fault tolerant product which will meet the mission critical IT needs of various startups at T-Hub
 
Hyderabad, India

Enabling an empowered and innovative startup ecosystem, T-Hub, India’s largest incubator, today signed an important Memorandum of Understanding with Aeries Technology Group. In a time and age, where smooth functioning of applications without downtime is an important requirement for most technology intensive startups, Aeries will be providing cutting edge, world class fault tolerant server and software technology for startups to host and test their applications to be enterprise and industry grade right from get go.
 
Aeries Technology will be offering its Stratus branded fault tolerant, “always on” software and server technology platform that enables the highest level of availability, virtualization and easy maintenance for all web and enterprise grade applications.
 
By this technology, startups located in T-Hub will not only achieve unmatched business continuity and data integrity by preventing downtime, it will also help them manage their operations seamlessly with their customers. This allows for startups to build solutions that are industry ready, minimising risk of application failure due to lack of proper hardware and software availability. All in all, it will promote long term value with system longevity and integrity by minimizing the need for frequent technical refreshes.
 
With this partnership, T-Hub will provide all of its startups secure networks, users, content and applications.
 
Raman Kumar, Chairman of Aeries Technology Group opined that, “This is a major milestone for Aeries to partner with T-Hub to provide Stratus’ state of the art and cutting edge server and software technology in an experiential setting “and went on to add that “T-Hub is a premier partner to showcase such products with its ecosystem of startups, technology providers and marquee investors and Aeries is so proud to be associated with T-Hub.”
 
Jay Krishnan, T-Hub CEO, said, “It is challenging for organisations, especially start-ups to maintain their IT applications and service capabilities round-the-clock. We are very excited about our partnership with Aeries and the unique opportunity it provides to companies within T-Hub by offering Stratus solutions that prevents downtime before it occurs and ensures uninterrupted performance of mission-critical business operations. Aeries’ Stratus-branded fault tolerant, “always on” software and server technology platforms are easy to deploy and manage, and can be installed directly into start-ups’existing IT infrastructures without any changes to their existing applications there by solving their business continuity issues and create new added value,” he concluded.
 
About Aeries Technology Group
 
Aeries Technology Group (Aeries) is a global services company offering technology, BPM and outsourcing solutions to organisations seeking higher operational effectiveness, greater flexibility and lower operating costs. Aeries offers business value to their clients by combining operational excellence with deep domain expertise. Aeries’ bespoke solutions drive agility and excellence to their client’s business processes. With deep domain expertise, client partnership approach and a robust global delivery network, Aeries helps create sustainable business efficiency for their clients. To know more on Aeries, visit www.aeriestechnology.com
 
About T-Hub
 
A unique public/private partnership between the government of Telangana, three of India’s premier academic institutes (IIIT-H, ISB & NALSAR) and key private sector leaders, T-Hub aims to be the catalyst in building Hyderabad as a start-up city and Telangana, as a startup state.

With startups, academicians, corporates, researchers and even government sectors, all finding their place within the community, T-Hub aims to not just be a repository of ideas but also be the driving factor behind their successful run. Visit www.t-hub.co  for more information.

 
Media Contact Details

Sanchita Dash, Sr. Associate Media and Communications T-Hub, ,+91-7799612588 , sanchita.d@t-hub.co

 

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Monday, July 4, 2016

BWI: Texprocil Release E & Y Study on Textile Industry as a Vehicle of Job Creation for Inclusive Growth

 
Source : TEXPROCIL
Monday, July 4, 2016 6:10PM IST (12:40PM GMT)
 
Texprocil Release E & Y Study on Textile Industry as a Vehicle of Job Creation for Inclusive Growth
A special package for employment generation & promotion of made- ups & home textiles will be included in the forthcoming Textile Policy, informed Ms. Rashmi Verma, Textiles Secretary
 
Mumbai, Maharashtra, India

TEXPROCIL, the first Export Promotion Council set up in India in the year 1954, and responsible for promoting Cotton Textile exports from India held a function yesterday at the Hotel Taj Santacruz in Mumbai to release an Ernst Young Study report on “Textile Industry as a vehicle of job creation for inclusive growth”. The event was attended by the leading industry heads in the textile and clothing industry.

                            

In his welcome address Shri R. K. Dalmia, Chairman, Texprocil initially thanked the Secretary for sparing her time and making it for the release of the study report despite her hectic schedule.

The Chairman mentioned that there were 3 objectives in undertaking the study. Firstly, to map the top 20 textile products in demand in major importing countries in comparison to what India is supplying to these markets and thereby analyze reasons for mismatch in demand & supply, if any, and chalk out suitable corrective action to be taken up by the industry.

He also reiterated the importance of finalisation of FTAs with EU, Australia and Canada in addition to negotiation of concessional tariff with China to highlight the impact of business being lost to other competing countries owing to tariff disadvantage faced by the Indian suppliers.

Thirdly, he said that this study was done to clearly bring out the employment potential of the textile sector, especially in rural India by developing non-migratory models of manufacturing like the ‘hub & spoke’ model being popularised in countries like Bangladesh, Cambodia & Myanmar.

This study was done by conducting primary research in various production centres and also by one-to-one meetings with manufacturers and exporters of fabric and home textiles in small, medium and large scale sectors, he said.

He mentioned that the study report also confirms that manufacturing of Home Textiles is as labour intensive as garment making and equally suffers the tariff disadvantage of 9.6 % to 16 % in countries like EU and Canada, there by losing business to other competing countries and hence the Home Textile segment should be treated at par with Apparel segment of the value chain.

The Chairman emphasized that the present apparel special package benefit should be extended to Home Textile sector immediately so that the two packages are implemented simultaneously. This will not only lead to substantial increase in employment in rural India but also augment export of Home Textile products.

He concluded by humbly requesting the government to extend support to the textile sector as a whole and in particular, value added product such as Home Textile to achieve growth in exports as well as create more direct jobs in the sector.

Shri M Ramaswamy, immediate past Chairman of the Council in his address gave a brief background on why the study was commissioned and the ideology and philosophy behind undertaking such an extensive study.

He stated that when the new government came into power there were insightful slogans like Make In India, Clean India and Skilling India and the textile industry was the best suited to create the necessary social impact through these programs.

He added that the textile industry was the most labour intensive in the manufacturing sector and inspite of the industry meeting all the objectives of the visionary programs of the government, it was unable to occupy the mind space of the policy makers. It was with this background that Texprocil assigned the study to an international accredited research company so that the results would show that the textile industry with its low cost of operation could create a huge social impact.

The textile industry also reached out to women on the job front in rural areas. He also mentioned that the home textile sector was similar to the garment sector and that headroom for growth in home textile for jobs was much more than the headroom for growth in apparel.

He remarked that Ernst Young based their study on research with many small, medium and big companies, interaction with workers and collected huge amount of data. He hoped that the results of this study would reach the decision and policy makers in the Ministry.

Shri Anurag Malik, Partner EY (Skill development) in his brief presentation said that there were 5 main themes which came out strongly in the Texprocil-EY study report.

First was the size and employment generating capacity of the textile industry. Secondly, he said, the most significant impact of the industry was that it employed many women including married women in rural areas.

The third theme was the movement into non-migratory models like the hub n spoke method successfully employed in Bangladesh Cambodia etc. The fourth theme was the absence of FTAs with EU, Australia and Canada because of which almost 55 lakh jobs are lost due the added exports that would have been generated if the FTAs were signed.

The fifth theme brought out the similarities in process in the home textile sector and the garmenting sector and mentioned that home textile is also labour intensive and helps in the social upliftment thereby impacting poorer segments and other lower strata of society.

Smt Kavita Gupta, Textile Commissioner in her speech said that all schemes and policies are drafted keeping the interests of the industry in mind. She also said that the Hon’ble PM wants to give priority to the textile sector and hence the special package was extended to the apparel industry. She complimented the Secretary Textiles Smt Rashmi Verma for her sincere efforts in playing a major role to push for the various incentives and sops in the special package for apparel. She said that the Ministy of Textiles is always ready to support the industry and be part and parcel of their dreams and vision.

In her address, the Chief Guest of the function Smt Rashmi Verma, Secretary Textiles said that this study report was released at a very appropriate time considering that all schemes and proposals which are placed before the Ministry and Cabinet have emphasis on job creation.

She complimented Texprocil and Ernst Young for carrying out this significant study. The two key findings in the report, she said, were the immense potential of employment generation in the textile and clothing industry and secondly the potential of generating more jobs if FTAs like EU, Australia and Canada are finalized.

She also detailed the specifics of the package given to the apparel sector saying that the garmenting industry worked on very low margins and hence needed a buffer while competing with countries like China, Bangladesh, Vietnam and Cambodia who enjoyed a zero duty advantage in most of the markets that India exports to.

She also said that the package contained tax incentives and sops so that garmenting units could be compensated for the duties and state levies through duty drawback.

She also mentioned that the capital subsidy for the apparel sector has been increased by an additional 10% thereby making the total capital subsidy to 25%.

On FTAs she said that the government has already started the process of reviewing the existing FTAs and is also seriously negotiating the FTAs with EU, Australia and Canada.

On the recent Brexit issue, Smt R Verma said that the time is right for India to sign a separate bilateral agreement with Great Britain and the process for starting a dialogue is already on.

She mentioned that the made-ups sector is also as important as the garment sector as it was both labour intensive and also created many jobs especially for women. The home textile segment was significant as it not only created jobs but also fostered demand for downstream products like yarns and fabrics.

Finally she said that the draft textile policy will be soon placed before the cabinet and the home textile sector can also look forward to a package similar to what is extended to the apparel sector.

Photo Caption: Seen from left to right, Mr. Anurag Malik of Ernst & Young, Mr. Ujwal Lahoti, Vice Chairman -Texprocil, Mr. R.K.Dalmia, Chairman - Texprocil, Ms. Rashmi Verma - Secretary Textile, Ms. Kavita Gupta - Textile Commissioner, Mr. Manika Ramswamy, immediate Past Chairman – Texprocil, Mr. Siddhartha Rajagopal, ED – Texprocil
 

 
Media Contact Details

Nirmal Phophalia, +91-9870003933, , newsmenpr@gmail.com

 

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BWI: Forevermark Together With NAC Jewellers Showcases Exquisite Red Carpet Collection

 
Source : Forevermark
Monday, July 4, 2016 5:49PM IST (12:19PM GMT)
 
Forevermark Together With NAC Jewellers Showcases Exquisite Red Carpet Collection
 
Chennai, Tamil Nadu, India

Every year we see fashion trends being set on the red carpet as celebrities across the globe wear the best in fashion and jewellery. NAC Jewellers, a leading brand in South India with a keen focus on design and excellence together with Forevermark, the diamond brand which comes with a promise of being rare, beautiful and responsibly sourced, showcased Fabula, their exclusive Red Carpet Collection with a glittering fashion show.
 

The Fabula Collection, crafted by NAC Jewellers with beautiful Forevermark Diamonds, have been worn by international celebrities such as actress Chloe Grace Moretz, TV host Giuliana Rancic, model Martha Hunt amongst others. The collection includes ear-cuffs, neckpieces, hand cuffs, bracelets, bands and bangles crafted by NAC Jewellers in the precious, rare and beautiful Forevermark diamonds. The limited edition collection brought forth fashion, glamour and eternally radiant beauty designed to dazzle the red carpet.
 
Sachin Jain, President, Forevermark said, “We are proud to continue our partnership with NAC Jewellers and further cement our association in Chennai. They understand that less than one percent of the world’s diamonds are eligible to be Forevermark and create designs that are equally rare and exceptional. Both Forevermark and NAC Jewellers share a mutual passion for diamonds and believe in the promise of providing their valued customers a commitment of beautiful diamonds. We are glad to introduce this new range crafted in Forevermark Diamonds in Chennai and look forward to a great response here.”
 
Speaking on the occasion, Anantha Padmanabhan, Managing Director, NAC Jewellers commented, “NAC has been a pioneer in the jewellery business for over 90 years. Our collection consists of some of the most ornate, elegant and sought after jewellery. Our products have been crafted with passion, love and dedication and we always strive to offer the best in the jewellery space. These enticing pieces from the Fabula collection crafted in Forevermark diamonds will surely captivate our valued customers. Forevermark diamonds are amongst the rarest with less than 1 percent eligible to be Forevermark therefore that is a truly exclusive one of a kind piece you can be proud to own and wear. ”
  
For further information about Forevermark please visit www.forevermark.com

Facebook – ForevermarkIndia
Twitter – ForevermarkIN
Instagram – ForevermarkIndia
Youtube – ForevermarkIN
 
For further information about NAC Jewellers please visit www.nacjewellers.com

Facebook – NACJewellers
Twitter – NACJewellers
Instagram – NACJewellers
Youtube – NACJewellers

ABOUT FOREVERMARK
 
Every Forevermark diamond undergoes a journey of rigorous selection. Less than one percent of the world’s diamonds are worthy of the Forevermark inscription. The unique inscription is an assurance that every Forevermark diamond meets the exceptional standards of beauty, rarity and is responsibly sourced.
 
Forevermark is the diamond brand from The De Beers Group of Companies and benefits from over 125 years of diamond expertise. Forevermark diamonds are carefully selected and come from sources committed to high standards; they are beautifully crafted by a select group of Diamantaires and exclusively available from select Authorised Forevermark Jewellers. 
 
FOREVERMARK INSCRIPTION & GRADING

Invisible to the naked eye, the inscription is made using bespoke technology from The De Beers Group of Companies. It is also recorded on the personalised Forevermark identification card which comes with every Forevermark diamond. The actual size of the inscription is just 1/5000th the width of a human hair and can only be seen using a special Forevermark viewer which can be found in Authorised Forevermark Jewellers.  It is confirmed by leading gemmological institutes that the Forevermark inscription does not affect the internal quality of a diamond in any way.
 
Authorised Forevermark Jewellers are able to provide a Forevermark Diamond Grading Report.  It is an accurate blueprint of the qualities - cut, colour, clarity and caratage of each Forevermark diamond.  The Forevermark Diamond Grading Report also features the individual identification number inscribed on the diamond and a specifically designed security hologram, providing reassurance that the Forevermark Diamond Grading Report is valid and genuine. For more information and to find your nearest Authorised Forevermark Jeweller offering Forevermark Grading Reports, go to www.forevermark.com

Photo Caption:  Forevermark + NAC Jewellers – Red Carpet Collection

 
Media Contact Details

Niketa Tekawade, Public Relations Manager Forevermark Diamonds Pvt. Ltd., , niketa.tekawade@forevermark.com

 

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