Swarovski’s branding partners Rocks

Set the new trend at the 14th GJIIE, Chennai

Swarovski Zirconia collections by Nine Swarovski’s branding partners

grab the spotlight of the entire Chennai Show!

The 14th edition of Gem & Jewellery India International Exhibition (GJIIE) organized by Madras Jewellers Diamond Merchants Association (MJDMA) and UBM India, at the Chennai Trade Centre.

Chief Guest Mrs. Suhasini Maniratnam, Mr. Jayantilal Chalani, President, MJDMA; Mr. Yogesh Mudras, Managing Director, UBM India; Mr. S. Santhakumar Hon. Secretary MJDMA; Mr. Abhjit Mukherjee, Group Director, UBM India inaugurated the show amidst a grand industry gathering in the presence of other Industry dignitaries Mr. Anantha Padmanabhan, Vice Chairman -GJC, Mr. K. Srinivasan, M.D -Emerald Jewel industry, Mr. Rajendra Jain, M.D -Swarovski Gemstones, Mr. Mahendra Tayal -President HJMA & South India Chairman GJEPC, Mr. Shantilal Patel -President GJTCI and others.

RW unveils a new music collaboration

Luxury Swiss watchmaker, Raymond Weil (RW) is proud to unveil a new music collaboration as part of its Music Icons Series. The Marshall Amplification Limited Edition timepiece part of the tango collection pays tribute to the iconic amplifier and speaker cabinet, renowned for being used by the most iconic musicians of all time. This exclusive watch pays homage to the distinctive style and appeal of Marshall, playing on generous volumes to delightful effect.

Raymond Weil is delighted to unveil its newest music collaboration which pays tribute to the legendary British manufacturer – Marshall Amplification. The unique timepiece incorporates subtle design cues, influenced by Marshall’s iconic product design and intricate detailing.

Post GST registers a growth!

Industrial activity and sales increased

Introduction of GST was a historical step for transforming India into a common national market with a simplified tax regime. GST was implemented w.e.f 1st July, 2017 and was welcomed by industry and corporates. Corporate sector as represented by industry associations such as CII, FICCI, and ASSOCHAM has reacted positively to introduction of GST in India.

The total number of companies registered during the period July, 2017 to February, 2018 (post GST) is 68,299. The number of companies registered in the corresponding period of the previous year i.e. from July, 2016 to February, 2017 was 63,106. Thus, the increasing trend in the number of companies’ registrations has been maintained post GST.

Zimbabwe focuses platinum and diamond stake

According to Zimbabwe Consolidated Diamond Company (ZCDC), Zimbabwe has made amendments to the country’s Indigenization and Economic Empowerment Act in order to to hold majority shares in state-owned diamond and platinum mines.

According to the report, “existing diamond mining ventures do not need to immediately comply with the law as they can negotiate a timeline of compliance with the authorities”.

GJEPC in a historic move!

Signs a cooperation agreement with UBM

In a historic move, the Gem & Jewellery Export Promotion Council (GJEPC) has signed a cooperation agreement with UBM Asia Ltd, for organizing the India pavilion at UBM’s Hong Kong Jewellery & Gem Fair held during June and September 2018. Both shows are the leading and the most sought after ones in the gem and jewellery world. GJEPC is the apex body of the gem & jewellery industry in India, representing more than 6500 member exporters.

1:            June Hong Kong Jewellery & Gem Fair (6JG) to be held during 21 – 24 June 2018 at Hong Kong Convention & Exhibition Centre

2:            September Hong Kong Jewellery & Gem Fair  (9JG) is scheduled during 12 – 16 September 2018 at AsiaWorld Expo & during 14 – 18 September 2018 at, Hong Kong Convention & Exhibition Centre.

Alrosa Alliance Guidelines, a new version!

Moscow, March 16, 2018 – Alrosa has approved the updated version of Alrosa Alliance Guidelines on Responsible Business Practices developed to enhance confidence between the Company and its clients – Alrosa Alliance members as part of development of corporate work standards and compliance with the best practices in the diamond industry.

The approved amendments and updates in the text of the document make clear some provisions without changing the voluntary nature of implementation of the Principles.

Easter Spending to be of $18.2bn!

Easter spending is expected to total $18.2 billion this year, almost on par from a record $18.4 billion in 2017 but still the second-highest level on record, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. A total of 81 percent of Americans will celebrate the holiday and spend an average of $150 per person, down from last year’s previous record of $152.

“Despite a modest drop, the Easter forecast is still very positive and nearly as high as last year’s record,” said NRF President and CEO Matthew Shay. “Consumer spending remains healthy both for this holiday and this spring, and that paints an optimistic picture for the U.S. economy in the year ahead.”

Christie’s NY auction on April 17

Magnificent Jewels auction will be led by a Fancy

Intense Pink Diamond ring weighing 8.42 carats

Christie’s New York announces the April 17 auction of Magnificent Jewels. The sale will offer a selection of more than 200 lots, with estimates ranging from $4,000 to $4,000,000.

The auction will be led by a Fancy Intense Pink Diamond ring weighing 8.42 carats & is estimate to fetch about $4mn to 6mn. Set with a cut-cornered rectangular modified brilliant-cut fancy intense pink diamond, flanked on either side by a tapered baguette-cut diamond, ring size 6, mounted in platinum and rose gold.

RBI moves to avoid misuse of SWIFT

Department of Economic Affairs has apprised that in pursuance to the announcement made in the Budget Speech 2018-19 (para75), a Steering Committee on Fintech related issues was constituted to consider various issues relating to development of Fintech space in India.

GST simplified!

Goods and Services Tax Network (GSTN) has sought the views of the taxpayers about their experience and difficulties.  A survey was conducted by GSTN on overall taxpayer’s satisfaction during the months of October 2017 & November 2017.