Extension of Refund Fortnight

Special drive extended till 16.6.2018

Government focuses exporters refund!

The Government has launched the second “Special Drive Refund Fortnight ”from 31.5.2018 to 14.6.2018. During the first Refund Fortnight from 15th to 29th March an amount of Rs.5350 crore was sanctioned and during this fortnight over Rs 7500 crore has been sanctioned. In view of overwhelming response from exporters and pending claims, the period of Refund fortnight is being extended by two more days i.e up to 16th June, 2018.

launch Lightbox is disruption

Creates uncertainty in the industry Says ABNAmro

According to the recently inked by Georgette Boele, Co-ordinator FX & Precious Metals Strategy- ABNAmro Bank says, ‘De Beers launch Lightbox: disruption!’ The Group Economics Financial Markets Research says, Gem-quality laboratory grown diamonds threaten the business case of miners, now even more so than before. This creates a lot of uncertainty in the diamond industry!

Now it is up to the other laboratory diamond producers to react and other companies in the business to re-think their strategies! Companies with exposure to both natural and laboratory grown diamond industries are least vulnerable in our view and the consumers are the winne!

Zim drops call for Mugabe

According to the AAP report, Zimbabwe’s parliament backed down from its demand for former president Robert Mugabe to answer questions related to diamond mining operations during his time in office. In what would have been his first public appearance since being ousted in a de facto military coup in November, parliament had wanted to question Mugabe about his pronouncements that the state had been deprived of at least $15 billion in revenue by mining companies operating in the eastern Marange gem fields.

Kashi jewels offer, The cup of tea

Kashi jewellery specializes in crafting attractive, one-off pieces for its patrons. The creations, interposed with glittering gems and jewels, draw their inspiration from varied themes. Kashi also creates exclusive pieces that are never replicated, both independently and upon client request.

This exclusive double fingered ring has a cup-saucer on one side and a kettle on the other side. The cup of tea was featured in the Rolls Royce Yearbook and showcased in London. It was much appreciated by the Lords, Duchess and aristocratic society of London.

New jewellery celebrates Ramadan 2018

India is a multi lateral country & that celebrates lot’s of occasions. Right now market is full of offers for the Ramadan alike last year!

 Anmol Jewellers launches a whole new range of Chandbalis inspired from the magnificence of the Mughal Era. The collection is inspired from the Mughal palaces of India and echoes the grandeur of the imperial power with its arabesque motifs depicting domes and arches of the Mughal architectural design.

Singapore Ruby Auction bags US$71.8mn!

Pallinghurst announces the results of an auction of rough rubies held by its 100% owned subsidiary, Gemfields Ltd in Singapore from 5 – 9 June 2018. Gemfields’ tenth auction of rough rubies from Montepuez saw 51 companies placing bids. The auction offered high, medium and commercial grade rough rubies exclusively in untreated form.

The consistency of supply and the reliability of the Gemfields’ grading system continues to be well received by buyers given that it reduces risk, improves manufacturing efficiencies and aids their ability to meet demand for larger orders. The auction generated total revenues of USD 71.8 million at an average realised price of USD 122 per carat.

Retail Shrink Decreased in US

Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail crime continued to be the leading causes, according to the annual National Retail Security Survey released today by the National Retail Federation (NRF) and the University of Florida.

“Retailers are making progress in combating criminal activity, but there are still many challenges,” NRF Vice President of Loss Prevention Bob Moraca said. “Whether the threat is coming from cyber security, organized retail crime or employee theft, the job for retail security teams continues to become more difficult every day, especially when resources and staff are limited.”

DMCC Powers Shariah-Compliant to Expand IBA

DMCC, the world’s flagship Free Zone and Dubai Government Authority on commodities trade and enterprise, is entering new markets and has welcomed the Islamic Bank of Afghanistan (IBA) as the newest member of its DMCC Trade flow platform, a dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities.

The announcement follows the signing of a Memorandum of Understanding (MoU) by Sanjeev Dutta, ‎Executive Director, Commodities at DMCC and Amer Khalil urRehman, Chief Executive Officer of the Islamic Bank of Afghanistan, at DMCC’s Almas Tower in Dubai.

TAGS rough diamond tender in Almas Tower

Trans Atlantic Gem Sales (TAGS) will be holding a rough diamond tender from the 19th to the 27th June 2018 in the prestigious Almas Tower, Dubai. Two productions from South Africa and Angola will again be presented, with both productions being of high quality and high colour material.

This rough diamond tender follows six previously successful tenders which have been very well received by the market and continues to grow in both caratage and popularity. While final details will soon be forthcoming from the producers, TAGS are expecting in the region of 25,000 carats of South African goods and 18,000 carats of Angolan goods across a full range of sizes with a combined value in excess of US$40m.

Roopa Vohra introduces Bold Cuff Bracelets!

Roopa Vohra Fine Jewellery for decades have introduced the latest in the jewellery industry. With rich influence of Indian culture and art, the latest from their collection are the bold and stunning cuff bracelets handcrafted in gold.

These statement pieces of bracelets are alone enough to elevate your style quotient. By including these bold trendy cuffs in your wardrobe, you can easily minimize your daily hassle of accessorizing. By adding just one classic piece of a jeweled cuff to your look you can emote effortless panache.