NEWS
GJSCI Conducts 4th Edition of Jewel Talks at GIA
Mumbai: Gems and Jewellery Skill Council of
India (GJSCI) conducted its 4th edition of ‘Jewel Talks’, a monthly interactive
platform between both industry experts and aspirants pursuing a career in the
gems & jewellery industry. The once-a-month program was held at GIA, Mumbai
for which the spokesperson was Ms. Hetal Vakil, Founder, Vakil’s Institute of
Jewellery Design, Mr. Binit Bhatt, CEO, GJSCI. The event was attended by
members of Women Jewellers Association (WJA) and GIA Students.
Jewellery Boosts Titan’s Sales in January-March
Mumbai: Titan Company Ltd.’s revenue surged
in the three months ended March on the back of higher jewellery sales as
organised gold retailers gained from demonetisation and government’s cash
curbs, reports Bloomberg.
4% GST Rate May be Decided on Gold, Silver
Mumbai: The
Centre and the states may settle for 4% goods and services tax (GST) on bullion
and opt for a special rate for financial services, amid intense lobbying from
the two sectors in the run up to the rollout from July.
Stornoway Launches Quebec Diamond Sales with Birks
Montreal: Stornoway
Diamond Corporation has carried out the first sale of Quebec-mined diamonds at
a launch event hosted by Birks at its Montreal flagship store.
ALROSA Rough Sale Declined in Jan-April
Moscow: ALROSA
reported a 12.5-percent decline on the year in rough diamond sales in value
terms in the first four months of this year to $1.7 billion.
Lucara Earns $55 Million from First Tender of 2017
Vancouver: "When you’re selling your
offcuts for almost $20 million, you know something is going right," writes
Thomas Biesheuvel for BloombergPursuits. "Lucara Diamond Corp. just sold a
373.7-carat diamond for US$17.5 million. For a company that has been unearthing
some of the world’s biggest and most expensive stones in the past few years
that may sound less impressive, until you realise it’s a broken shard from the
second- biggest diamond ever found." The stone was one of 15 single stone
lots, ranging from 373.72 carats to 29.90 carats in size, totaling 1,765.72
carats and achieved gross revenues of US$54.8 Million (US$31,010 per carat),
the company said in a statement Friday.
Swiss Luxury Giant Richemont’s Profits Halved
Geneva: Swiss luxury goods giant Richemont
said Friday its full-year net profit was nearly cut in two as sales of high-end
watches ticked lower.
GJEPC-BDB Host Seminar on GST for Diamond Trade
Mumbai: The Gem & Jewellery Export
Promotion Council (GJEPC), in association with the Bharat Diamond Bourse (BDB),
hosted an Awareness Seminar on the forthcoming GST regime at the BDB premises
on May 10, 2017. The seminar was addressed by Dr. Mangesh Gondavale, Deputy Commissioner
of Sales Tax and Nishant Shah from ELP, Tax, which is a consultant to the
industry on GST.
IIJW to be held from July 24-27, 2017
Mumbai: The Gem & Jewellery Export
Promotion Council (GJEPC) has announced that it will be holding the seventh
edition of the India International Jewellery Week (IIJW) from July 24 to July
27, 2017.
Firestone’s Third Liqhobong Tender in Antwerp
Antwerp: In October Firestone Diamonds
announced the recovery of its first diamond from the Liqhobong Diamond Mine in
Lesotho since the the re-commissioning of the new plant. Liqhobong is owned 75%
by Firestone and 25% by the Government of Lesotho. Firestone has been ramping
up production since then, and will hold its third tender in Antwerp as planned.