Brazil – A land rich in gemstones
There are about a hundred gemstones found in Brazil. The most significant with respect to production and uniqueness are Tourmalines, Topaz, Opals, Quartz (Agate, Amethyst and Citrine) and Emeralds. Brazil is also one of the sole producers of Imperial Topaz and Paraiba tourmaline. These two, and Opal from Piauí are world-renowned. The country produces diamonds, rubies and sapphires, as well, albeit on a lesser scale.
Gemstone deposits are spread across Brazil’s vast geographies. The Northeast primarily has Emerald, Amethyst, Citrine, Hyaline Quartz, Elbaite, Aquamarine, Garnet, Morganite and Opal. The Central region primarily has Emerald and Diamond deposits. In the South, there is occurrence of Amethyst, Citrine, Agate and Diamond. The East primarily has gemstones associated with Pegmatites and Hydrothermal veins, Plio-pleistocene sedimentary placer deposits and isolated occurrences of diamonds.
State-wise Production Spread
Gem production in Brazil mainly takes place in the states of Minas Gerais, Bahia, Rio Grande do Sul, Mato Grosso and Goiás. Minas Gerais is the largest producer and exporter of gemstones in the country and accounts for 74% of the official production, which includes Imperial Topaz, Beryl, Tourmaline, Spondumene and Brazilianite. Bahia produces mainly Emerald, Amethyst and Aquamarine and is the second largest producer of uncut colored stones after the State of Grande do Sul, which is one of the most important producers of Agate and Amethyst in the world. Mato Grosso produces Garnet, Topaz, Zircon, Diopside, varieties of Quartz and Tourmaline on a smaller scale. Goiás primarily produces Emerald, Garnet, Topaz, Quartz (Citrine and Amethyst) and Tourmaline. Diamond production is also significant in Goiás and Mato Grosso, where diamonds have been unearthed by prospectors since the beginning of the 20th century. Currently, the best prospects for diamond production in these states are to be found in kimberlites.
In 2005, Brazil was ranked first in the world in variety and quantity of gemstones produced (Baretto and Bittar, 2010). Today, Brazil stands as the leading producer of Amethyst, Citrine and Topaz, and also produces a major share of Aquamarine, Tourmaline, Chrysoberyl (Alexandrite and Cat's-eye), Emerald, Garnet, and Opal (e.g., Baretto and Bittar, 2010).
Brazil once was the world’s leading diamond producer, but has steadily slipped in ranking since kimberlite deposits were discovered (1869) in other places. Today, its production amounts to less than 1%. Most of Brazil’s diamonds have been recovered from placer deposits.
Brazil is the second biggest producer of emeralds in the world. WhileBrazilian emeraldsarefamous around the world, they are not as popular locally.This is mostly because of price sensitivity of consumers. Thecountry’s emeralds are sent to domestic cutters as well as foreign cutting centers around the globe, before they reach jewellers. Companies from Jaipur, India, are known to purchase the production of whole mines. They have cutting capabilities for all sizes and qualities of emerald, and a market for the products too. Brazilian cutters have higher labor costs than places like India, so they tend to retain quality that can absorb these costs. It’s a fine balance to pay the right price for good products to make it profitable to be able to compete in the global marketplace. Brazilian cutters have found a profitable niche in fine-quality calibrated goods that are enticing to jewellers worldwide. This includes large stones.
Brazilians prefer less-expensive colored gemstones, and make jewelry purchases more often than consumers from other places. They are extremely style-conscious. Brazilian jewelry designers are often known to create four collections a year. The lines are usually in keeping with current fashion trends. This keeps Brazilian jewelry constantly in the eye of the international market. Jewelry trade show Feninjer is testimony to Brazil’s design and color splendour!
Brazil has a history in gold that stretches back to the 1700s, when a gold rush in the then-Portuguese colony opened up the major gold-producing region of Ouro Preto. Since then, mining has continued to be an important driver of the Brazilian economy, which is the largest in Latin America and the ninth largest in the world.
Brazil’s gold remains relatively unexploited. This makes the country an attractive jurisdiction for exploration.
In 2012, approximately 61% of the diamonds and gemstones were mined by individuals and small time independent operators, while major mining companies mined 39%. Since gem production in Brazil is mostly carried out by prospectors and a small number of mining companies, governmental control on production and sale of gemstones is limited.
Historically, local tax burden from sale of jewelry, sale of uncut or polished stones, and even mineral extraction has also been quite high in Brazil. This resulted in some activities that escape official registration. So, the correct quantification of production is a bit elusive. However, a lowered tax rates seen in the recent years has bettered the scenario of underground activity.
International gemstone trading is usually done in U.S. dollars, so gemstones receive less dollar value when they are sold on account of the dollar rising. It now costs considerably more to mine and cut gemstones in Brazil, and the finished products receive lower dollar value. To overcome this hurdle, many Brazilian companies have shifted focus to branded jewelry. The higher value of this segment helps recover costs of manufacturing.
Brazil's domestic jewelry market continued to grow even when, in recent times, luxury goods was on the decline around the globe. This is largely because of its growing economy and purchasing power.
To ensure it stays on top of the product, emphasis is laid on formal training and education at the university and post-graduate levels. Brazil was reportedly the first country in South America to offer a jewelry design course, and quality standards are meticulously enforced to date. More than 30 public institutes of higher learning and various private ones have courses in jewelry design and manufacturing, emphasizing traditional methods and modern computer-aided design (CAD).
Government trade associations also provide training, technical assistance and marketing support. The IBGM (The Brazilian Gems and Jewelry Trade Association) and the Brazilian Export Promotion Agency, APEX, also work to raise the quality and image of Brazilian jewelry. They promote design-oriented jewelry with training, technology support, promotional activities like competitions, organising trade shows, taking delegations to trade shows around the world, etc.
The Brazil Gems and Jewelry Program is a joint initiative between government and private entities, represented respectively by IBGM and Apex-Brasil. The program was developed to promote a significant increase in Brazilian exports of gemstones, jewellery and manufactured precious metals, integrating a variety of promotional events over short and medium terms. This Program currently supports around 160 companies. One can connect with the program at: www.projetosetorial.ibgm.com.br
The Brazilian Jewellery and Gems Trade Association (IBGM) is a national, private, non-profit organization founded in 1977, with headquarters in Brasília and a branch office in São Paulo. It represents the entire production chain of the gems and jewelry sector. One can connect with IBGM at: www.ibgm.com.br
Access some gemstone manufacturers promoted by IBGM: http://braminerals.com/en/fabricantes/
Brazil also imports gems and jewelry,because the international market requires that exporter countries like Brazil, commercialize not only national jewels, but also jewels from other countries.
For detailed information on ‘Importing Jewelry to Brazil’, please go to the following link: https://thebrazilbusiness.com/article/importing-jewelry-to-brazil
For information on ‘Sending samples and showcasing products in Brazil’, please visit the following link:
|- By GemAtlas Team|
GemAtlas Co. Private Limited, a company incorporated under the Companies Act, 1956 vide CIN - U14220MH2013PTC241314, having its corporate office at 309, Mehta Bhavan, 311, R.R.M. Roy Road, Opera House, Mumbai – 400 004, (“Company” or “We”) owns and operates www.gematlas.com (“Website”) which is an online platform for a range of advisory and consultancy service providers and provide services for a fee (“Subscription Fee”) pertaining to gems and precious stones and metals industry including sourcing mines, trading, gem manufacturing services, jewellery manufacturing services, polishing, jewellery marketing services, certification services, consulting services, courier services, insurance services, customs and KP certification services, banking and financing services, tax consultancy services, training institutes for skill upgrades, travel & booking services during exhibitions and events, human resource consulting services, IT consulting services offered by various experts in the jewellery industry both online and offline from all over the world (“Services”).
SCOPE AND APPLICABILITY OF THIS POLICY
This Policy summarizes what type of Personal Data or Information (as defined hereinafter) We collect about You, purpose of collection, storage and usage of such data or information, to whom such data or information may be disclosed/transferred and how We protect Your privacy.
TYPES OF PERSONAL DATA OR INFORMATION WE COLLECT
The term “Personal Data or Information” in this Policy refers to personal information which does and/or is capable of identifying You as an individual. The types of Personal Data or Information that We collect consist of personal information relating to You:
name, gender, home address, telephone number, date of birth, marital status, email address, emergency contacts or other contact information (including the gender, age, nationality and passport information of any relatives and beneficiaries); or
affiliations, interests, work history, technical skills, educational background, professional certifications and registrations, language capabilities, or
voicemails, e-mails, password, correspondence and communications; or
any detail relating to the above clauses as provided to the Company; or
any of the information received under above clauses by the Company for collecting, receiving, possessing, using, processing, recording, storing, transferring, dealing, handling and disclosing under lawful contract or otherwise.
This Policy does not apply to any information that You may disclose publicly and which is freely available or accessible in public domain or furnished under the Right to Information Act, 2005 or any other law for the time being in force and such information shall not be regarded as Personal Data or Information for the purposes of this Policy. Further, Your Personal Data or Information shall not be disclosed to any third person unless the said third person is required to have the Personal Data or Information of You to provide required Services to You and/or with Your permission and/or to help investigate, prevent or take action regarding unlawful and illegal activities, suspected fraud, potential threat to the safety or security of any person, violations of the terms and conditions of use of the Website or to defend against legal claims and special circumstances such as compliance with the rules of any stock exchange, subpoenas, court orders, requests/order from legal authorities or law enforcement agencies requiring such disclosure. We share Your information with advertisers on an aggregate basis only.
Further, any Personal Data or Information disclosed by You to any service provider or trader that You connect with through the Website, the Company shall not be responsible and/or liable to treat the same as the Personal Data or Information to be protected by the Company.
You are providing Your consent by providing Your details on the Website (“Consent”) with respect to the purpose of usage of such Personal Data or Information.
If You give Your Consent, it is construed that You have done so freely and voluntarily and agree to this Policy. You always have the right to refuse or withdraw Your Consent for the Personal Data or Information sought to be collected or withdraw Your Consent given earlier to us. We will always respect such a refusal or withdrawal, but it might mean that We are unable to perform all the Services, arrangements or contracts with You and will have the option to discontinue the same. We will inform You of these inabilities, if they occur. However, We reserve the right to retain such Personal Data or Information as may be necessary for providing our pending Services to You and in accordance with this Policy and/or if legally required.
You are aware of the:
fact that the Personal Data or Information is being collected;
purpose for which the Personal Data or Information is being collected;
intended recipients of the Personal Data or Information; and
name and address of the agency that is collecting the Personal Data or Information and retaining the same.
We respect Your privacy, therefore, the Company will observe the following guidelines when collecting, receiving, possessing, using, processing, recording, storing, transferring, dealing, handling, and disclosing:
Personal Data or Information will be collected, received, possessed, used, processed, recorded, stored, transferred, dealt, handled and disclosed in compliance with the local laws/regulations in India including IT Act;
Personal Data or Information will be relevant/necessary to/for the purposes for which it is collected and used;
Personal Data or Information will be current and accurate with reasonable steps taken by the Company to rectify or delete inaccurate Personal Data or Information;
Personal Data or Information will be kept only as long as necessary for the purposes for which it was collected and processed; and
Reasonable measures will be taken to prevent unauthorized access or use, unlawful processing, and unauthorized or accidental loss, destruction, or damage to such Personal Data or Information.
PURPOSES FOR COLLECTION, STORAGE AND/OR USE OF PERSONAL DATA OR INFORMATION
The primary purposes for collection, storage and/or use of Personal Data or Information is for:
our business processes, operations and management including but not limited to performance of the business, operation of the Services, entering into or performing any contract, maintaining quality of the Services, providing support to the Services You have obtained from us, managing company assets;
processing Your order, corresponding with You, fulfilling Your transaction requests and delivering the programs, information, and Services requested by You or other Services related inquiries;
managing Client contacts profiles, administering and providing You with information, services that You request from us or which We feel may interest You,
record keeping and other general administrative and Services related processes;
ensuring the safety and protection of the rights or property of the Company or its business;
complying with applicable legal requirements in India including but not limited to governmental reporting, etc. and fulfilling statutory/legal obligations as a service provider under applicable laws, adhering to judicial or administrative orders, compliance with laws;
contacting You via surveys to conduct research about Your opinion of current Services or of potential new services that may be offered by us;
monitoring or recording of certain calls, chats and other interactions relating to the online transactions which may involve You calling us or us calling You and online chats for staff training or quality assurance purposes or to retain evidence of a particular transaction or interaction;
while conducting daily business/operations such Personal Data or Information may be provided to affiliates and group companies, employees/staff of the Company and Third Party's for the purpose of processing such Personal Data or Information for or on our behalf including but not limited to helping us to perform statistical analysis, send You email or postal mail, provide clients and/or prospective clients the support/support services, arrange for deliveries of programs, information, and services, etc.;
operating Website, improving the content of our Website to offer You better Services and to ensure that content from our Website is presented in the most effective manner for You; and in connection with the business of the Company.
DATA COLLECTION DEVICES
We will make best efforts to do so but do not warrant that any of the websites or any affiliate site(s) or network system linked to our Website is free of any operational errors nor do We warrant that our Website will be free of any virus, computer contaminant, worm, or other harmful components. Our Website contains links to other sites which are not owned or operated by the Company. The Company is not responsible and makes no guarantee for the privacy practices or the content of such websites. These links are provided only as a convenience to You. Neither, the Company nor any of its affiliates are responsible for the availability of such Third Party websites or their contents. The Company will not be liable for Your Personal Data or Information transmitted over networks accessed by You on these sites or otherwise connected with Your use of the services. You understand, acknowledge and agree that neither the Company nor any of its affiliates are responsible or liable, directly or indirectly, for any damage or loss of any sort caused in connection with your use of or reliance on any content of any such site or services available through any such site.
You acknowledge that the Services, content, site and/ or any software are provided on an “as is” and “as available” basis, without warranties of any kind, either express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose. Although the Company has taken adequate safeguard and in case of any breach the Company may take action to remedy such breach. In addition to taking all the reasonable precautions as required under law, the Company expressly disclaims any and all warranties, express or implied, including, without limitation: (i) The Services and/ or software will be free of all viruses and hacking. (ii)The software will work on all mobile phones, will be compatible with all mobile phone networks and/or will be available in all geographical areas.
(iii) Any service will be uninterrupted, timely, secure or error-free for any reasons whatsoever including but not limited to overload/breakdown of receiving network, servers or applications; system failures out of the Company’s control or due to heavy traffic on network.
DISCLOSURES OR TRANSFER OF YOUR PERSONAL DATA OR INFORMATION
The Company will transfer, with Your Consent, the Personal Data or Information to any other Third Party in India or overseas, that ensures the same level of data protection that is adhered to by the Company as set out herein for fulfilling any contractual obligation.
We will disclose or transfer Your Personal Data or Information in accordance with this Policy and all applicable legal requirements in India.
Your Personal Data or Information will be disclosed or transferred, as may be required from time to time, as follows:
For Business Purposes: to (i) the appropriate employees/staff/persons in our offices; (ii) our affiliates and group companies; (iii) from one office within the Company to another office in India or overseas in accordance with the IT Act; (iv) to any third party, in the event of a proposed or actual business transfer; and (v) in connection with our business and Services provided by the Company.
To Third Party's: working with us or on our behalf in different industries and categories of business. We will disclose, share, transfer Your Personal Data or Information to any Third Party or provide Your Personal Data or Information to any Third Party in connection with our business requirements or for the purposes indicated herein. Such Third Party's are required to process Your Personal Data or Information they receive from us in a lawful, safe and responsible manner in accordance with this Policy and the prevailing laws and take all appropriate security and confidentiality measures such that they do not use Your Personal Data or Information for their own purposes or disclose Your Personal Data or Information to others. Neither the Company nor any Third Party will publish Your Personal Data or Information.
For Legal Requirement: to any court of law and/or government agencies/entity as may be required under law and/or statutory authority, Reserve Bank of India and Credit Information Bureau India Ltd. (“CIBIL”) or in response to a legal process, for the purpose of verification of identity, or for prevention, detection, investigation including cyber incidents, prosecution, and punishment of offences and/or to any third party by an order under the applicable law or if We determine it is necessary or desirable to comply with any applicable law, regulation, legal process or enforceable governmental request or to protect or defend our rights or property including compliance with accounting and tax rules and regulations or to investigate, detect, prevent, or take action regarding illegal activities, suspected fraud, security or technical issues or situations involving potential threats to the physical safety of any person.
For Centralized Data Processing Activities: We have centralized certain aspects of our data processing and administration in order to allow us to better manage our business. Such centralization may result in the transfer of Your Personal Data or Information: (i) from one country to another; (ii) to our employees/staff of the affiliates/group companies of the Company in other locations, etc. However, whenever Your Personal Data or Information is transferred within the Company, it will be processed in accordance with the terms and conditions of this Policy.
REASONABLE SECURITY PRACTICES AND PROCEDURES AND AUDITS
We seek to ensure compliance with the requirements of the IT Act to ensure the protection and preservation of Your privacy, therefore We take reasonable security measures to protect Your Personal Data or Information against unauthorized access, alteration, disclosure or destruction. We have a number of physical, electronic, and procedural safeguards/measures in place to actively protect the confidentiality, security, and integrity of Your Personal Data or Information, including a comprehensively documented information security programme and a strict security policy that contains managerial, technical, operational and physical security control measures for protecting such data or information. We have implemented standard or code of best practices for data or information protection.
We limit access to Your Personal Data or Information to members of our team/employees of the Company/Third Party's who We believe reasonably need to come into contact with that information for the purpose of performing their duties and rendering services to You. We have strict confidentiality obligations that apply to such members/employees of the Company/Third Party's. Failure to meet these obligations may result in disciplinary and other actions, including dissolution of a contract, termination of employment and criminal prosecution.
We conduct training to authorized users regarding the lawful and intended purposes of processing Your Personal Data or Information, the need to protect and keep information accurate and up-to-date and the need to maintain the confidentiality of the data or information to which such authorized users have access. Authorized users will comply with this Policy, and We will take appropriate disciplinary actions, in accordance with applicable laws in India, if Your Personal Data or Information is accessed, processed, or used in any way that is inconsistent with the requirements of this Policy.
UPDATING OR REVIEWING YOUR PERSONAL DATA OR INFORMATION/ QUESTIONS OR COMPLAINTS
You may by a written request review the Personal Data or Information provided by You. We will ensure that any Personal Data or Information about You which is found to be inaccurate or deficient shall be corrected or amended as may be feasible.
You expressly state that Personal Data or Information provided by You to us is correct and complete in all respects and does not contain any false, distorted, manipulated, fraudulent or misleading facts. We expressly disclaim any liability arising out of the said data or information provided by You to us. Further, You expressly agree that We are not responsible for the accuracy and authenticity of such data or information provided by You to us and You agree to indemnify the Company for all losses incurred by the Company due to any false, distorted, manipulated, defamatory, libelous, vulgar, obscene, fraudulent or misleading facts made by You to the Company.
In case of any discrepancies or grievances with regard to the processing of Your Personal Data or Information, please contact the “Grievance Officer” at email@example.com. Further on receipt of any concerns or complaints the Grievance Officer will employ all commercially reasonable efforts to address the same within One (1) month of receipt of same.
All the Company’s affiliates/group companies will ensure that this Policy is observed. All employees/staff of the Company and Third Party's who have access to Personal Data or Information are required to comply with this Policy.
All Third Party's shall only process the Personal Data or Information in accordance with the Company's instructions or make decisions regarding such data or information as part of the delivery of their services. In either instance, the Company will select reliable Third Party's who undertake, by contract or other legally binding and permissible means, to put in place appropriate technical and organizational security measures to ensure an adequate level of protection of such data or information. The Company will require Third Party's to comply with this Policy or to guarantee the same levels of data protection that is adhered to by the Company when handling/processing such data or information. Such selected Third Party's will have access to such data or information solely for the purposes of performing the services specified in the applicable service contract and are legally and contractually bound to maintain the privacy of such data or information shared with them and will not disclose it further. If the Company concludes that a Third Party is not complying with these obligations, it will promptly take appropriate actions to remedy such non-compliance or implement necessary sanctions.
Additionally, our team members/employees/staff are bound by internal confidentiality policies. Any team member/employee/staff found to have violated this Policy or any other policies will be subject to disciplinary action, up to and including termination of employment including penalties under applicable laws in India.
All Third Party's and our team members/employees/staff do hereby specifically agree that he/she/it shall, at all times, comply with the requirements of the IT Act, while collecting, receiving, possessing, using, processing, recording, storing, transferring, dealing, handling and disclosing Personal Data or Information. The said Third Party's and team members/employees/staff do further unequivocally declare that in case he/she/it violates any provisions of the IT Act, he/she/it shall alone be responsible for all his/her/it acts, deeds and things and that he/she/it alone shall be liable for civil and criminal liability there under or under any applicable Indian law for the time being in force.
MODIFICATIONS TO THE POLICY
The Company reserves the right to update, change or modify this Policy, from time to time, without prior notification. The Policy shall come into effect from the date of such update, change or modification.
We will inform You regarding any such changes by updating this Policy and will post all changes to the Policy on relevant internal and external websites.
Effective with the implementation of this Policy, all existing intra-group agreements and the applicable Company privacy guidelines or practices relating to the processing of Personal Data or Information will be superseded by the terms of this Policy and modified accordingly. All parties to any such agreements will be notified of the effective date of implementation of the Policy.
If any of the terms or definitions used in this Policy are ambiguous, the definitions established under the IT Act shall apply.