3% GST on gold procurement hampering exports, says Gem and Jewellery Export Promotion Council
The 3 per cent Goods and Services Tax (GST) on exporters for procuring gold from nominated agencies is hampering jewellery exports from India, industry body GJEPC said today.
The 3 per cent Goods and Services...
Malabar Gold & Diamonds set to expand with 10 new stores
Malabar Gold & Diamonds is set to open ten new stores by March, 2024. The new store openings in India include Latur, Satara and Nagpur in Maharashtra; Kolar and Whitefield in Karnataka; Jaipur in...
ALROSA to allocate 100% of free cash flow for second half-year of 2018 for...
Annual General Meeting of Shareholders of PJSC ALROSA decided to allocate 100% of free cash flow for the second half-year of 2018 for the period-end dividend - RUB 30.3 billion.
Taking into account the dividend...
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...
GJEPC Chairman Pramod Kumar Agrawal is First-ever Indian to be Elected as Vice President...
Pramod Kumar Agrawal, current Chairman of The Gem & Jewellery Export Promotion Council (GJEPC), has become the first member of the Indian industry to be elected one of the three Vice Presidents...
Todd Reed Adds Objects to his Merchandise Mix
Boulder, Colo.--Last year marked Todd Reed’s 25th year in business and now the designer is branching into a new category.
He is creating collectible handmade boxes, bowls and spoons, sold on his website, in his...
Diamond Producers Association Appoints New Managing Director
The Diamond Producers Association (DPA), announced today the appointment of Kristina Buckley Kayel as Managing Director of its North American division.
Buckley Kayel, who assumes her new role on Feb. 4, 2019, will be responsible...
BDB Members Give In-principle Approval For LGD Trading
The Bharat Diamond Bourse (BDB) members during the Annual General Meeting held yesterday, have in principle approved the trading of lab-grown diamonds (LGDs) within the BDB. However, members cannot start trading in LGDs just...
Import of Gold to Attract 3% GST Says CBEC in FAQs for G&J Sector
Imports of gold and other precious metals will attract 3% IGST, payable by the importing bank /nominated agency, the Central Board of Excise & Customs (CBEC) has clarified in its latest set of FAQs...
Richemont’s Jewelry Sales Up 11% in Q3
Geneva--Richemont reported Thursday that jewelry division sales were up 11 percent at constant exchange rates and 5 percent at actual exchange rates in the third quarter ended Dec. 31.
Sales were not as strong...
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