EWF to be held during October 22-24

At the Eurasian Week forum (EWF), which will be held on October 22-24, 2018 at Meridian Expo in Yerevan, manufacturers and suppliers of jewelry products together with representatives of the authorities will discuss new digital solutions to protect the jewelry market, the idea of creating a jewelry holding company, and the development of the Eurasian distribution network of jewelry.

The panel discussion "Reloading the jewelry industry: from workshops to brands" will focus on the   development of the Eurasian jewelry distribution network in priority markets. The process of export of jewelry products from the countries of the Union to the world market will be discussed.

A record daily INR volume at DGCX in August

The Dubai Gold and Commodities Exchange (DGCX) has recorded its highest ever daily Indian Rupee (INR) volume, trading 126,055 contracts on August 13th. On the same day, the Exchange’s overall volume touched 185,630 contracts worth USD 4.17 billion, its second highest daily notional value since inception.

Amidst continued market volatility, the DGCX traded over 2.08 million contracts in August, a year-on-year (Y-O-Y) increase of 60%. The Exchange has so far recorded 45% year-to-date volume growth from 2017.

Eastside, a resource of 721K Oz gold

Allegiant Gold Ltd announces the remaining 13 drill holes, holes 156-168, from the 22-hole phase 1 resource expansion drill program, totalling 8,265 metres, at its 100% owned Eastside gold project, located 32 kilometres west of Tonopah, Nevada.

The phase 1 resource expansion drill program was successful in extending the Original Zone, an area within Eastside, 300 metres to the west and 400 metres to the south, where it still remains open in both directions. Further, all of the holes were drilled in areas currently classified as waste in the pit-constrained resource estimate, which currently stands at 721,000 gold equivalent ounces1, below the planned pit or below the pit layback.

The futuristic Zenith Defy Zero G

An unforgettable Defy Zero G

Since its debut in 1969, the legendary movement El Primero has been ever-evolving, regularly enriched with additional complications, original mechanism and novel materials. This year, Zenith once again blazed the trail towards watchmaking’s future with the 44 mm Defy Zero G, a timepiece that defies the laws of gravity with its gyroscopic “Gravity Control” module.

Defy Zero G (for Gravity) was fitted with the manual-winding El Primero 8812S calibre, as well as the patented “Gravity Control” gyroscopic module at 6 o’clock. With only 30% of its initial volume, the marine-chronometer-inspired module cancels the effects of gravity on the running rate of the watch, by maintaining the regulating organ and the balance wheel in a horizontal position.

India GDP grows 8.2% in Q1

The Central Statistics Office released the estimates of GDP for the first quarter (Q1) of 2018-19.  In line with momentum built in the economy, the growth of GDP in real terms in Q1 of 2018-19 is 8.2 per cent, reinforcing the high growth of 7.7 per cent recorded in last quarter of 2017-18.

This growth is broad-based and has been driven by 8.4 per cent growth in consumption expenditure and 10.0 per cent growth in fixed investment. The latter development is particularly encouraging as it has come about over an impressive growth of 14.4 per cent in Q4 of 2017-18 and augurs well for future growth.

CSO estimates of India GDP Q1

The  Central Statistics Office (CSO), Ministry of  Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the first quarter (April-June) Q1, of 2018-19, both at constant (2011-12) and current prices, along with the corresponding quarterly estimates of expenditure components of the GDP.

GDP at constant (2011-12) prices in Q1 of 2018-19 is estimated at Rs33.74 lakh crore, as against Rs31.18 lakh crore in Q1 of 2017-18, showing a growth rate of 8.2 percent.  Quarterly GVA at basic price at constant (2011-2012) prices for Q1 of 2018-19 is estimated at Rs31.63 lakh crore, as against Rs29.29 lakh crore in Q1 of 2017-18, showing a growth rate of 8.0 percent over the corresponding quarter of previous year.

India’s growth trajectory

Latest GDP Estimates reflect superior acceleration in India’s growth trajectory says Chairman, EAC-PM. The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation released the estimates of Gross Domestic Product (GDP) for the first quarter (April- June) Q1 of 2018-19. As per the CSO, GDP growth rate estimates for April-June 2018 stand at 8.2%.

These estimates represent a significant jump from last year’s Q1 growth rate estimates of 5.6%, indicating superior acceleration in India’s growth trajectory. This also validates that the economic fundamentals remain robust. The CSO estimates state that GDP at constant prices was Rs. 33.74 crores for Q1, 2018-19, a rise from of Rs. 31.18 lakh crores and Rs. 29.42 lakh crores for the same period in 2017-18 and 2016-17, respectively.

More formalisation of the Economy!

Demonetisation and its impact on Tax collection and

Formalisation of the Economy - Arun Jaitley

The Reserve Bank has twice released its reports stating that the demonetised Notes of Rs500 and Rs1000 have been substantially deposited in the Banks.  A widely stated comment has been that just because most of the currency came back into the Banks, the object of Demonetisation has not succeeded.

Was the invalidation of the Non-deposited currency the only object of demonetisation?  Certainly Not.  The larger purpose of demonetisation was to move INDIA from a Tax Non-compliant society to a compliant society.  This necessarily involved the formalisation of the Economy and a blow to the black money.  How has this been achieved?

A festive option, Cele Fiesta Collection

Whatever you decide to wear this festive season there is one thing that can make or break any outfit: your jewellery!  So, while you decide on what to wear, we already have some amazing jewellery options from Adawna by Sonal’s Bijoux ready for you.

The festive collection “Cele Fiesta” is all about the fresh play of colours with a modern yet contemporary twist to the jewellery.  It boasts about a wide range of earrings & rings that are specially curated in sparkly Silver Swarovski crystals. Crafted with multi-coloured gems, pearls, beads and stones, this assortment infuses vibrancy and fun to your outfit this season.

Sparkling Splendor collection launch

Varda Goenka- Fine Jewels by Diagold brings in this festive season by launching the ‘Sparkling Splendor Collection.’ Featuring both classic and contemporary designs, this selection has been carefully curated, keeping in mind the modern woman's evolving style sense. Premium craftsmanship and awe-inspiring designs are the highlights of this assortment.

From stunning polki necklace sets to beautiful diamond and pearl bracelet, exquisite earrings, cocktail rings and dazzling pendant sets, this collection promises to add a never before bling to your celebrations.