GST Celebrates second anniversary

The second anniversary of Good & Services Tax (GST) will be celebrated tomorrow with Hon’ble Union Minister of State of Finance and Corporate Affairs Shri Anurag Thakur presiding over the event. Shri Subhash C. Garg, Secretary, Department of Economic Affairs, Dr. Ajay Bhushan Pandey, Revenue Secretary, Secretaries of the Ministries of Finance, Shri P.K. Das, Chairman CBIC, Members of CBIC, and senior officers of various Ministries of Government of India will also attend the event.

Senior functionaries of the apex chambers of commerce, trade and industry will also be present in large numbers. Similar functions will be held across the country in all States and Union Territories.

Jewellery fraternity at pre-budget view

This the time to view jewellery fraternity and their expectations from Budget FY 2019-20 which is the first Union Budget of Modi 2.0. Along with jewelery players, Ind-Ra-the rating agency has also focussed upon! They also have casted their view. Let’s peep up expressions!

Ishu Datwani, Founder, Anmol, “We hope that there is a reduction in Gold Import Duty and Income Tax. We expect this Budget should kick start the economy so that consumers have more liquidity to spend. Being the first budget of the Modi Government, it will set the tone for the rest of their term and I hope it is a good one.”

DGCX saw a surge in trading!

The Dubai Gold & Commodities Exchange (DGCX) saw a surge in trading on its flagship Gold Futures product last month, as increasing geopolitical tensions across the globe drove investors towards safe-haven assets. The product recorded month-on-month (M-O-M) average daily volume growth (ADV) of 507.4%, and year-on-year ADV growth of 225.5%, while also registering M-O-M Average Open Interest (AOI) growth of 90.7%.

Les Male, CEO of DGCX, commented: “Gold reasserted its position in June as the safe-haven asset of choice, as investors worldwide flocked to the precious metal on the back of fresh speculation around lower Federal Reserve rates, a weak US dollar, and heightened geopolitical tensions between the US and Iran. This was strongly reflected on the DGCX, with our Gold Futures contract registering its best month since November 2016.”

Mubri World Meeting at Cuenca

From September 30th to October 2nd will be the Fourth World Meeting of the International Mubri - Mujeres Brillantes Association, whose main mission is to help women to advance and develop in the jeweler sector through education, mentorship and networking. The chosen city will be Cuenca, Ecuador, better known as World Heritage according to UNESCO.

The idea of bringing the Meeting to Latin America is to celebrate the progress made by the group since its creation in 2016 in Panama City. Since its creation the Meeting has already been held in Italy during the VicenzaOro Fair and in the last year in Madrid during the Madrid Joya Fair.

Always presenting expressive numbers and showing the importance of valuing women in industry, the Association this year has the ambition to go further, and will hold during the Meeting a World Contest among the members.

WFDB discusses crucial Industry Topics

The World Federation of Diamond Bourses (WFDB) held an Executive Committee Meeting at the Israel Diamond Exchange on Monday, discussing a wide variety of subjects vital to the industry, as well as moves to enhance the relevance of the organisation. The Executive Committee also heard a review of synthetic diamonds and the state of the diamond trade globally from Martin Rapaport, as well as a presentation on Blockchain which it believes is the future.

Among the other issues discussed was the System of Warranties, led by London Diamond Bourse President Alan Cohen, and the WFDB social media campaign being run by Rami Baron, President of the Diamond Dealers Club of Australia. The Executive Committee approved the appointment of an External Advisor-former Dubai Diamond Exchange Chairman Peter Meeus.

PNG Jewellers to retail Forevermark diamonds

PNG Jewellers, a brand that embodies values, trust, and who are strong believers of innovation have partnered with Forevermark, the diamond brand from the De Beers Group, to retail Forevermark diamonds across all their stores in India.

Forevermark diamonds are the world’s most carefully selected diamonds, while PNG Jewellers is known for its high standards of precision and quality in crafting their diamond jewellery. The synergy of these two brands has brought about an ideal collaboration over the past few years to offer hallmark diamond jewellery with the assurance of having the most beautiful, rare and responsibly sourced diamonds.

PNG Jewellers launches FAB5 collection

Keeping in line with its endeavour to delight customers with innovative offerings, The 187 years old heritage brand PNG Jewellers, announces FAB 5 collection of Diamonds. This FAB5 collection includes five beautifully crafted diamond ornaments including Necklace, Earring, Pendant, Ring and bracelet from just ₹ 129999/- onwards.

FAB5 collection will be available for diamond lovers from June 22, 2019  till the stocks last  in all stores of PNG Jewellers including Pune, Andheri(w), Thane(w), Panvel (w), Borivali (w), Kalyan (w), Dombivli (e), Vasai, Ahemadnagar, Shrirampur, Aurangabad, Nanded, Akluj, Barshi, Baramati, Latur, Nagpur, Chandrapur,

Indore, Goa - Panaji, Goa – Madgaon.

Reliance Jewels opens new showroom

Reliance Jewels, one of India’s most trusted jewellery brands, has launched its third flagship store in Lucknow at Shahnajaf Road. Spread across an area of 3352 sq feet, the grand showroom will feature an elaborate collection of Gold, Diamond& Solitaire jewellery. Today Reliance Jewels currently has a consolidated presence across 69 cities with over 169 stores including Exclusive & Shop in Shop [SIS] formats.

With a robust expansion plan, Reliance Jewels aims to provide its customers with end-to-end services related to jewellery. The new showroom is well equipped with all the modern technologies that will assist patrons in a holistic manner, thereby creating a grand and luxurious experience for the customers. The showroom will display a wide range of traditional & contemporary gold and diamond jewellery.

Senco launches Pride Collection

Senco Gold & Diamonds, one of the largest jewellery retail chains of India, launched a special Pride Collection as a gesture of support for the LGBTQ community.

A unique fashion show titled Sphulingo - Freedom of Expression with a group of transgender men and women led by well-known Professor, Principal & LGBT activist Dr. Manabi Bandyopadhyay dressed in mythological characters from Indian epics, sashayed down the ramp at Senco Gold & Diamonds Mega Shop, Kolkata.

Evoking the spirits and memories of the mythological figures, the group represented characters of Sikhondi (Shankori Mandal); Mohini (Rintu); Raja Vongashon (Sandipta Chhetri); Chitrangada (Sayantani Ghosh); Raja Ela (Roma Mandal); Krishna Koli (Pritam Mondol); Brihhonnola (Bikram) and Chandi (Dr. Manabi Bandyopadhyay).

Two Awards to Aisshpra at a time!

Aisshpra Gems & Jewels once again becomes ‘Transformational Brand of the Year’ at WCRCInt. Awards 2019 in London

Headquartered in Gorakhpur, Aisshpra Gems & Jewels is known as one of the most progressive brands in the market since 1940 gets recognized with two accolades at a time. WCRCInt announced Atul Saraf, Business Leader of the year, the first award.