Ahmedabad: Gold imports in Ahmedabad
declined in April. According to data from the Ahmedabad Air Cargo Complex, gold
imports in April fell by 35.45% from March. Last month, 7.39 metric tonnes of
yellow material was imported against 11.45 metric tonnes in March; this despite
the fact that gold jewellery market was buoyant owing to Akshaya Tritiya last
Milan: Registration for the 2017 congress
of CIBJO, the World Jewellery Confederation, is now open. Delegates and other
participants may register for the congress, as well as book hotel rooms, via a
dedicated congress website located at:
New York: The red carpet of
Met Gala sizzled with the who’s who of Glamour industry wearing the rare and
enduring platinum. The leading jewelry brands such as Harry Winston, Fred
Leighton, and Neil Lane styled the top listed celebrities in the precious
New York: The American economy put in its
slowest quarterly growth rate in three years in first three months of the year,
increasing by an annualized 0.7 percent, according to the Commerce Department.
Beijing: The Swiss watch industry enjoyed
its first month of growth in nearly two years during March, signaling a
recovery in China’s and Hong Kong’s watch and jewelry markets.
Freetown: Stellar Diamonds has partnered
with Octea Mining in a deal that will enable the two companies to combine their
diamond mining operations in Sierra Leone.
New York: Luxury watch maker Cartier is
allowing customers to buy a watch over the internet for the first time.
Perth: Australia’s term as Chair of the
Kimberley Process (KP) kicked off on Monday at the KP Intersessional Meeting in
Perth, which runs from May 1 – 4. The focus of this year’s meeting is the start
of the Kimberley Process Certification Scheme (KPCS) review cycle in order to
strengthen the Kimberley Process. According to a World Diamond Council (WDC)
press release, the WDC held an Observers Forum alongside the KP meeting, where
WDC members, African Diamond Producers Association and civil society partners
(CSC, DDI) met to discuss their common goals and joint efforts to promote
further evolution of the KPCS and improve its efficiency.
Mumbai: Political uncertainty in Europe
coupled with the fear that the government will bring gem and jewellery exports
and imports under GST are worrying exporters, even though the overall exports
in FY17 have risen by 9.85% over FY16. In value terms, total exports of gem and
jewellery stood at $43.15 billion in FY17 compared with $39.24 billion in FY16,
reports Economic Times.
Paris: French luxury group Kering reported
strong sales in the first quarter, driven by “outstanding growth” at its Gucci
brand and good performances from its watch and jewellery businesses.
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