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Luxury Report

Three Indian Jewellery Companies in Deloitte’s Top 100 Luxury Brands

Three Indian jewellery companies have made it to the Top 100 listing in Deloitte’s report “Global Powers of Luxury Goods 2017” yet again. In the report, Gitanjali is ranked at No. 30 (up from No....

The Incredible Winners of Rio Grande’s 2017 Saul Bell Design Awards

Rio Grande crowned the winners of its 17th annual Saul Bell Design Award competition May 21 at a gala dinner during the Santa Fe Symposium in Albuquerque, N.M. Two panels of design experts chose first-...
Dominion

Dominion Announces New 16 Mn Ct Resource at Leslie Pipe in Ekati; Exploration to...

In its latest update on its renewed strategic focus on greenfield exploration activities in various properties in the Lac de Gras region in the Northwest Territories in Canada, Dominion Diamond Corporation has announced a...
Rough Emeralds

Gemfields’ Biggest Investor Makes Buyout Offer

London--Gemfields biggest investor has made an unsolicited offer to buy out the remaining shares of the company but the miner’s board said it has advised shareholders not to take action yet. London-based private equity firm...
De beers

De Beers to Launch Auctions of Polished Diamonds Manufactured From Its Own Rough

De Beers Group announced yesterday that its Auction Sales business “will pilot the sale of its own polished diamonds using auctions for the first time”. The stones sold through this channel will be manufactured...
Jewels An emerald diamond and platinum plaque clip brooch French

Block Party: Jackie Collins’ Outstanding Jewelry Collection Goes on Sale This Week at Bonhams

As a teenager, I devoured Jackie Collins novels like cupcakes. Chances. Lucky. Hollywood Wives. Despite my proximity to Hollywood (I grew up in the San Fernando Valley, about 30 minutes north of the famous...
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India International Jewellery Week to be held from July 24-27 , 2017

The Gem & Jewellery Export Promotion Council (GJEPC) has announced that it will be holding the seventh edition of the India International Jewellery Week (IIJW) from July 24 to July 27, 2017. The GJEPC has...
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2nd India SAARC-Middle East Buyer Seller Meet (BSM) 2017 at Delhi from May 14-16

Thirty eight Indian jewellery manufacturers will interact with 70 international visitors from the SAARC and Middle East regions at the 2nd India SAARC-Middle East Buyer Seller Meet (BSM) 2017 which is being held in...

Walk the Line: Tiered Drop Earrings

In the continuing discussion of statement pieces, here’s another style to take stock of—the drop earring. Not just any drop earring, really. This one features tiers—sometimes graduated, sometimes not—dangling in a straight, swinging line....
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...

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