Third Webinar in the Series, Boldly Building the Future, will be Hosted this Month, “Climate and the Precious Metals Industry: Defining and Measuring Your Emissions Footprint”

Third Webinar in the Series, Boldly Building the Future, will be Hosted this Month,...

The webinar, a collaboration between Initiatives in Art and Culture and Mark Hanna, follows February’s conversation, The Jewelry Industry: Perspectives on the Journey to Net Zero. New York, NY. April 13, 2022. Greenhouse gases produced...
The Ultimate Guide To Buying Your First Set Of Jewelry

The Ultimate Guide To Buying Your First Set Of Jewelry

Nothing beats the beauty of using jewelry as your main fashion accessory. A single piece of jewelry can instantly bring your look to a new level. However, if you’d like to go beyond a...
GJEPC representatives recently made a presentation on issues related to the G&J trade between India and ASEAN countries before a Department Related Parliamentary Standing Committee on Commerce, putting forward recommendations on tariffs and other related matters. After giving an overview of the growth of the Indian industry and its contribution to the country’s export basket as well as a snapshot of India’s trade in the sector with Singapore, Malaysia, Indonesia and Vietnam, the GJEPC representatives put forward the industry viewpoint. They stressed that India was supplying cut and polished diamonds to jewellery manufacturers in the region and hence during Indo-ASEAN CECA negotiations, granting of tariff concession should only be on Cut and Polished Diamonds (ITC HS Code – 710229, 710239) which will benefit the country in the long run. Further, they pointed out that the proposed Value Addition under CECA should be reduced from 35% to 10% of the FOB value of the export of diamonds from India as these diamonds are used as a raw material in the manufacture of studded jewellery. GJEPC said that strict compliance of achieving the prescribed Value Addition should be ensured at the ports while any import is taking place. The Council also emphasised that any tariff rebate on imports of plain and studded precious metal jewellery could be hazardous for the entire Indian jewellery segment as it could lead to flooding of precious metal plain jewellery from Indonesia and Malaysia. It recommended that the CVD on jewellery imports should not be brought down. The Council was represented at the meeting by Dr. Jitarani Udgata and Sudhir Patil.

GJEPC Makes Presentation on Indo-ASEAN G&J Sector to Parliamentary Committe

GJEPC representatives recently made a presentation on issues related to the G&J trade between India and ASEAN countries before a Department Related Parliamentary Standing Committee on Commerce, putting forward recommendations on tariffs and other...
De-Beers

De Beers’ Preliminary Results for 2017 Show 4% Revenue Dip; 2% Increase in EBITDA

De Beers’ Preliminary Financial Results for 2017 – announced as part of the Anglo American results released today – indicate that the Company witnessed a 4% dip in revenue for the period. Total...
India's Gem and Jewelry Exports Down 82 per cent

India’s Gem and Jewelry Exports Down 82 per cent

India's overall exports of gems and jewelry slumped by over 82 per cent in April and May as trade was devastated by COVID-19. Overseas sales amounted to just $568m, said the Gem and Jewellery Export...
Mountain Province’s Average Price Per Carat at Sixth Sale

Mountain Province’s Average Price Per Carat at Sixth Sale Drops to US$ 66 from...

Mountain Province Diamonds Inc., which recently concluded its sixth diamond sale of 2018, said total proceeds for it amounted to US$ 22.2 million from the sale of 334,751 carats, thus realising an average price...
Amazon Files US Patent For Retail Sales Of Its Own Jewellery Brand

Amazon Files US Patent For Retail Sales Of Its Own Jewellery Brand

Online commerce behemoth Amazon has filed a patent with the US patent office for a new line of its own jewellery under the For Keeps by Amazon brand. According to the filing, the patent...
Mustang auction

Mustang Calls First Ruby Tender Results ‘Disappointing’

Sydney--Mustang Resources held its inaugural tender of rough rubies mined at Montepuez in Mozambique last week, and is less than thrilled with the results. The tender was held between Oct. 27 and 30 in...
Jewellery shops credited with leading the retail fightback after notable sales spike

Jewellery shops credited with leading the retail fightback after notable sales spike

Britons are defying the Brexit gloom and splashing out on jewellery and watches, figures published yesterday reveal. Sales of jewellery shot up 2% in the three months to the end of September, outperforming every other...
Kimberley Process Pick Up The Pace of Central African Republic Exports

Kimberley Process Picks Up The Pace of Central African Republic Exports

The Kimberley Process has announced it has halved the clearance time for exports from the Central African Republic. According to JCK Online, an American trade publication, the organisation’s monitoring team for the Central African Republic...

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GJEPC Surat RO Hosts Industry Interaction with DGTS on Key Tax Concerns

GJEPC Surat RO Hosts Industry Interaction with DGTS on Key Tax Concerns

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LVMH Watch Chief Signals Jean Arnault as Strong Successor Candidate

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Queen Camilla Turns State Visit Jewelry Into a Lesson in Royal Storytelling

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