Moonson Drops of Jaipur Jewels

Beautiful jewelry always ramps up women’s grace and look. Add a magnificent touch to your look with these mesmerizing drop shaped earrings hand crafted by Sangeeta Boochra. These drop shaped earrings are made for a perfect monsoon look. The drop shape earrings will definitely give you an edge and will increase your style statement. 

Each of these drop shaped earings is expertly designed by Sangeeta Boochra in 18 to 22 kt silver.

Pride of two nation’s coin goes sale on July 3

The United States Mint (Mint), in partnership with the Royal Canadian Mint, proudly announces the release of the 2019 Pride of Two Nations Limited Edition Two-Coin Set (product code 19XB) on July 3 at noon EDT.

This beautifully rendered set is the first ever joint coin set between the United States Mint and the Royal Canadian Mint, and commemorates both countries’ nationhood with coins that capture their rich history, pride, and their close relationship as neighbors and friends. This numismatic product comes with the first bilingual–English and French–Certificate of Authenticity (COA) produced by the United States Mint. Mint Director David J. Ryder autographed a limited number of the COAs.

The set contains a United States Mint American Eagle One Ounce Silver Coin with an enhanced reverse proof finish and a Royal Canadian Mint One Ounce Silver Maple Leaf Coin with a modified proof finish. Both finishes are firsts for these coins.

Extradition of Economic Offenders

There are 28 individuals who are accused in criminal cases being investigated by ED and who are either residing abroad or who have left the country before initiation of investigations by ED. Since these cases are at various stages of investigations by ED, it will not be in larger public interest to disclose names of such persons, amount involved and status of investigation as the same may adversely affect these investigations.

Necessary action has been initiated for bringing these persons back to India. In this regard, Red Corner Notice (RCN) have been issued against 25 persons; Extradition requests have been issued for 14 persons; action under Fugitive Economic Offenders Act, 2018 (FEOA) have been initiated against 07 persons and 03 persons accused under PMLA have been brought back to India.

KP considers strengthening KPCS options

As the 2019 Intersessional Meeting of the Kimberley Process (KP) wrapped up on June 21 in the Indian city of Mumbai, WDC President Stephane Fischler expressed confidence that progress has been made in the effort to reach consensus on the review and reform of the Kimberley Process Certification Scheme (KPCS). He called on participants to agree on the measures necessary for strengthening the KPCS’s impact, both in improving the lives and prospects of communities in the mining areas, and also in meeting the expectations of consumers in the jewelry markets.

“What is essential is that, together, we send a clear signal to the outside world, including consumers, that the Kimberley Process remains a vitally relevant institution, which is able to evolve and adapt according to changing conditions. This must be the case at the upstream end of the chain of value, as it is at the downstream end,” he stated.

Congressional Review of US Tariff Hikes

The National Retail Federation welcomed legislation introduced that would strengthen congressional authority over tariff increases like those imposed by the Trump administration during the past year.

“We agree with the need to deliver fair and balanced trade deals, but taxing Americans isn’t the answer -especially without a single vote from Congress,” NRF Senior Vice President for Government Relations David French said.

“At a time when American businesses and consumers are facing unprecedented tariffs imposed unilaterally, it’s time to re-examine the appropriate balance on trade policy between Congress and the executive branch. This legislation represents an important step forward. We urge members of both parties to join this effort and protect hardworking Americans from a growing trade war that could destroy thousands of jobs and raise costs for families across the country.”

Government moves to know eCommerce issues!

Efforts by Ministry of Commerce & Industry (MoC&I) for convergence of interests of E-Commerce & Physical Retailers!

Commerce and Industry Minister, Piyush Goyal, along with Ministers of State, Hardeep Singh Puri and Som Parkash, held an interactive session till late evening yesterday with e-Commerce companies to discuss ways to bring about convergence of interests of e-Commerce platforms and small retailers. The session was also an exercise by DPIIT to understand specific issues related to e-Commerce platforms, including sectors like services, food and used goods.

Myntra bags 9 mn items order

The 10th edition of Myntra’s flagship End of Reason Sale, concluded last night with over 2.2 million customers ordering over 9 million items in the biggest fashion carnival in the  country to date.

Myntra witnessed a 3X rise in traffic to its platform over a normal day and registered over 7100 orders per minute at peak. Myntra’s biggest in-house brand was the most popular brand selling over 1.35 million products. One in every three customers was a member of Myntra’s Loyalty Program, Myntra Insiders, and contributed about 42% to the overall sale.

JNA Awards announces 2019 Honourees

The prestigious JNA Awards unveiled its highly anticipated list of Honourees across 11 categories for its eighth edition. The announcement was made at a press conference during the June Hong Kong Jewellery & Gem Fair.

Organised by Informa Markets, the JNA Awards strives to encourage and promote excellence, innovation and best business practices.

The JNA Awards also serves as a platform to recognise and celebrate outstanding achievements in the international jewellery and gemstone industry from the time it was founded in 2012. The judging panel has worked diligently over this past month, as their job keeps getting tougher and tougher each year. In 2019, there are almost 100 high-quality entries from 15 countries and regions, and 46 of them are shortlisted as Honourees.

Integration of FASTag system with E-Way Bill

The Government proposes to integrate a FASTag Bank Mechanism with e-way bill and Logistic Data Services to track movement of goods and check GST evasion. The Government is contemplating integration of E-Way Bill mechanism of GST with FASTag System of National Highway Authority of India (NHAI). The aspect of Logistic Databank integration with FASTag System is being examined.

A Committee of Officers comprising of officers from Central Government, State Governments, GSTN (Goods and Services Tax Network), NIC (National Informatics Centre), GST Council, to examine the issue of use of RFID data for strengthening of E-Way Bill mechanism under GST, was formed by GST Council. The representatives of NHAI and NPCI (National Payments Corporation of India) were also co-opted in the committee.

De Beers Cycle 5 remains far better YoY

De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2019.

Bruce Cleaver, CEO, De Beers Group, said: “While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019.”