India’s Gem & Jewelry Lobby

Author: Unnamed Reporter - Published 20-02-2013 11:43
The recent proposals made by the Gem and Jewellery Export Promotion Council ‎‎(GJEPC) for the 2013-2014 Union Budget are a step in the right direction but are not far-‎reaching enough. One hopes the government will give the recommendations sufficient ‎consideration as it makes its final adjustments ahead of finance minister P. ‎Chidambaram’s budget speech on February 28.‎

Indian Polished Exports Down In Jan, Sharp Fall In April-Jan

Author: Unnamed Reporter - Published 20-02-2013 11:15
Indian polished diamond exports slipped 7.3 percent on the year in January to US$1.69 billion, according to provisional figures from the Gem and Jewellery Export Promotion Council (GJEPC).

Gold plunges to six-month low; silver sinks below Rs 57K

Author: Unnamed Reporter - Published 18-02-2013 11:38
Gold slumped to a fresh six-month low and closed below the psychological Rs 30,000 per 10 gm at the bullion market on Saturday on aggressive unwinding by stockists and traders driven by global sell—off.

Task group calls for Special Notified Zone

Author: Melvyn Reggie Thomas - Published 16-02-2013 11:51
SURAT: A task group on the Indian gems and jewellery sector has called for establishing a special notified zone (SNZ) for import of rough diamonds, where the net income is fixed and taxes are paid only on invoices raised by the Indian companies.

Diamonds are still forever, but gems are catching up

Author: Nidhi Nath Srinivas - Published 16-02-2013 11:47
NEW DELHI: The colour is returning to the bling, and chances are that the new stones will remain a girl's best friend forever. From the Duchess of Cambridge - ever noticed her engagement ring? - and the Hollywood Alisters on Oscar night to the jewellery showrooms of Hong Kong and Zaveri Bazaar, rubies and emeralds are making a strong comeback in jewellery fashion as women bored with the white world of diamonds fall in love with coloured stones. Well, the diamond vs gem is a debate as old as the rocks. So just why are they back in the spotlight? As with all other fashion, the answer lies in the frothy mix of consumer desire, celebrity, and savvy marketing.

India Seeks Special Diamond Trade Zone, Financing

Author: Unnamed Reporter - Published 14-02-2013 21:35
A special task force on India's diamond trade is recommending the establishment of a special trade zone for the industry and a refinancing fund for local diamond companies, India's Financial Chronicle reports. The goal of the proposals is to turn India, which is already the world center for diamond cutting and polishing, into a world center for diamond trading, as well.

Gold futures down at Rs 30,581 per 10 gm

Author: Unnamed Reporter - Published 14-02-2013 20:42
Gold futures on the Multi Commodity Exchange opened lower at Rs 30,581 per 10 grams on Tuesday against the previous close of Rs 30,640.

India Gem & Jewelry Exports Down 17% to $38.3 Billion

Author: Vinod Kuriyan - Published 12-02-2013 11:42
The total exports of gem and jewelry from India in fiscal 2012-13 are expected to be $38.3 billion. This is a 17 percent decline compared with exports of $46.4 billion in fiscal 2011-12. The Indian fiscal year runs from April to March of the following year.

India 2013 Gem, Jewelry Exports Likely +15% on Year -Trade Executive

Author: Dow Jones - Published 12-02-2013 10:53
India's gem and jewelry exports are expected to turn around this year with a 15% growth after falling about 17% in 2012, as overseas customers step up purchases of silver and diamond-studded gold jewelry, a senior industry executive said Tuesday.

India free to invest in diamonds: Mpofu

Author: Unnamed Reporter - Published 12-02-2013 10:29
MINES and Mining Development minister Obert Mpofu says Indian investors are free to invest in the local diamond mining industry as part of developments that can deepen relations between the two countries.
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