the Globe at Christie’s this July!
Jewels to hammer on 8 July at Paris |
Christie’s Jewels announces the global sales calendar for June & July 2020
to include live and online auctions in all major sale sites spanning Geneva,
Hong Kong, London, New York, and Paris. Here are the Paris auction’s
information. (Sooner, rest will be featured here.)
Swiss and international watch brands are invited to enter the 2020 edition of
the GPHG, via a new digital platform. The cut-off date for entries is July 31,
2020. The GPHG Academy created at the start of 2020 and uniting 350 industry
stakeholders has kicked off this 20th edition by proposing several hundred
models for the competition.
Academy's proposals are currently being submitted to the watch brands
concerned, which can decide whether or not to confirm the participation of the
proposed watches and also enter other watches of their choice in the
competition. In addition, all brands may choose to enter the competition
spontaneously via the dedicated platform.
CBIC Enables End to End Paperless
Exports under Turant Customs
Shri Ajit Kumar, Chairman, Central
Board of Indirect Taxes and Customs (CBIC) here yesterday unveiled a Secure QR
coded Shipping Bill that would be electronically sent to exporters after the
Customs allows export. This eliminates in one stroke the requirement of the
exporters having to approach the Customs officers for proof of export.
around Rs 35K crore
Schemes for MSMEs & NBFCs creating significant impact - Sanctions under
Emergency Credit Line Guarantee Scheme (ECLGS) cross Rs. 79,000 crore. This is
indeed a good for gem & jewellery industry & trade as the industry
& trade is formed MSMEs. Over 70% of the manufacturer & traders are
fall in the MSMEs!
expert, Suki Cooper analysed in his ink: Gold to Benefit from Quick COVID-19
Responses & said, Gold has numerous
potential tailwinds and headwinds this year, but governments’ “whatever it
takes” approach to Covid-19 should be beneficial.
has risen 34 percent since the end of last April, when it was at about
US$1,275, and is one of the few commodities that has benefited from the current
unpredictability seen in the markets. But while gold has hit record highs
across consumer and producer currencies, the yellow metal is still below its
peak US dollar value.
it was featured a global jewellery demand for the year, here is the Silver
jewellery demand for the year of 2020.
a record high in 2018, Indian silver jewelry fabrication fell by 5% to 69.0Moz
(2,148t) last year. However, the recent economic slowdown, erratic monsoons and
the deepening liquidity crunch all hurt demand. This was most pronounced in the
rural sector, which had been the bedrock of the rapid growth that the market
had experienced over the last decade.
CIBJO Congress pushed in 2021
Deferred CIBJO Congress Rescheduled 2021
the World Jewellery Confederation, has announced that its annual congress,
which this year was scheduled to have taken place in Dubai, UAE, October 5 to
7, will be postponed to 2021, as a result of the COVID-19 global pandemic.
decision to postpone the congress was taken during a video conference of the
CIBJO Board of Directors, following consultation with the Dubai
Multi-Commodities Centre (DMCC), which was to have hosted the event.
a statement Reed Exhibitions, the Organisers of International Jewellery London
said, Reed Exhibitions has announced that International Jewellery London,
scheduled to take place at Alexandra Palace, London, from 13 to 15 September
2020 will be cancelled due to the ongoing Covid-19 pandemic.
UK government guidelines and comprehensive discussions with our customers,
public health authorities and partner organisations, we do not believe that we
are in a position to host a large scale gathering of the community in September
without compromising the key valuable elements of IJL.
Shah takes over as Chairman and Vipul Shah
as the Vice Chairman of
Gem and Jewellery Export Promotion Council (GJEPC),
ceremony on 23rd June, 2020
Gem and Jewellery Export Promotion Council (GJEPC), apex body for gems and
jewellery trade in India, under the aegis of Ministry of Commerce, Government
of India, today announced the appointment of Colin Shah as the Chairman of
GJEPC. Colin Shah will take charge as Chairman from the outgoing Chairman
Pramod Kumar Agrawal. Also, Vipul Shah has been elected and appointed as the
Vice Chairman of GJEPC.
Ratings and Research (Ind-Ra) has affirmed Subir Diamonds Pvt Ltd.’s (SDPL)
Long-Term Issuer Rating at IND B. The Outlook is Stable.
affirmation reflects SDPL’s continued small scale of operations with revenue
declining to INR740 million, according to the provisional financials for FY20
(FY19:INR938 million). The revenue fell in FY20 due to a significant decline in
demand in the last quarter due to the COVID-19 outbreak leading to decline
export sales to China and European countries.
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