Those who purchased gold jewellery last Akshaya Tritiya (Akshaya Tritiya 2017) are sitting on some gains. With Akshaya Tritiya just around the corner, jewelers are hoping for an increase in footfalls. Akshaya Tritiya, also known as Akha Teej, is an annual festival considered auspicious by many to purchase gold. Akshaya Tritiya is on April 18 […]

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One of the key sessions on Day 2 of the Dubai Diamond Conference will turn the spotlight on the effects of the introduction of the Goods & Services Tax (GST) in India on wholesale diamond trading as well as discuss the proposed implementation of VAT in the GCC countries from early 2018. During the session […]

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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 related to the gems and jewellery industry. The amount paid can however be taken as input credit by the banks, it […]

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The World Gold Council (WGC) has released its gold demand trends for Q2 2017 noting a weak demand for gold jewellery in the UK. According to the report, gold jewellery demand was down by 4% across Europe, stipulating that demand was “particularly anaemic” in the UK, where prolonged uncertainty over Brexit deterred anxious consumers. In […]

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