The 2018 World Tour at 2nd halt!

Mujeres Brillantes on the 2018 World Tour

The second stop of the World Tour Mujeres Brillantes 2018 took place in the city of Sao Paulo , Brazil during the International Women's Week . Unlike in Panama City in January, which focused more on the visits to Jewelry´s Schools and Stores allied to the Association, the World Tour - Brazil focused on promoting  talk sessions focused on women's entrepreneurship.

On the first day of the World Tour - Brazil, President Ali Pastorini signed an alliance with the European Institute of Design (IED) leading members of the Association to visit the establishment, meet their laboratories and study the possibility of developing a project for professional development of the woman.

Free gold coin to celebrate Gudi Padwa

Offer valid during 17th to 18th March 2018

Tanishq, India’s largest and most preferred jeweller has announced exciting offers to bring in the auspicious occasion of Gudi Padwa. Customers can avail 0.2 grams gold coin free with every purchase of 10 grams of gold jewellery and with every purchase of diamond jewellery worth Rs.10,000 from17th to 18th March 2018.

Customers can celebrate this occasion by taking home prosperity and happiness with these exciting offers.

Also for the first time in India, Tanishq, India’s largest and most loved jewellery brand, announced a policy that jewellery lovers can drool over. 

Tax refund to exporters in a week!

Government has decided to speed up input tax refund to exporters. As per rule 91 of CGST Rules, 2017, ninety per cent of the refund amount claimed shall be granted on a provisional basis within a period not exceeding seven days from the date of acknowledgement of the refund claim.

Further, as per section 54(7) of the CGST Act, 2017, the final order for granting refund shall be issued within sixty days from the date of receipt of the complete application. Out of total taxpayers under GST, 64% were also registered under previous tax regime. No specific study has been undertaken on the impact of GST transition

RBI issues mandating implementation!

To curb and prevent fraud, Banks to examine accounts over 50Cr

Reserve Bank of India (RBI) has apprised that it had issued two circulars to banks, related to security and operational controls in SWIFT (Society for Worldwide Interbank Financial Telecommunication) environment, in the months of August and November 2016. As per RBI inputs, compliance with RBI’s instructions is the bank’s responsibility and the Compliance Officer in the bank monitors the same. Further, RBI monitors compliance to its instructions on an ongoing basis and during RBI inspections and, where necessary, enforcement action is also initiated.

Gold Imports Scheme

Government Issues Clarification!

The past few days have seen some misapprehensions being generated on the scheme of gold imports known as the 80:20 scheme.  The factual position is being clarified.

The increase in gold imports had put pressure on the current account deficit in 2012-13.  A series of steps were taken in response to this situation, including increasing the import duties on gold and gold products, and placing restrictions on gold imports. 

910 carat diamond achieves US$40m on tender

Gem Diamonds Limited announced that the exceptional quality 910 carat D colour Type IIa diamond recovered from the Letšeng mine in January 2018 achieved a price of US$40 million on tender in Antwerp on 12 March, 2018.

Leaf inspired fine jewellery statement

Earrings aren't just a piece of jewellery-they are a fashion statement. They portray a message about who you are and what you like without even saying a word. Inspired by the love of nature and intricacies of a leaf, jewellery designer RoopaVohra has designed some stunning pieces in detailed designs and patterns highlighting nature’s work of art.

Every piece is intricately crafted by RoopaVohra House of Design using silver and precious stones. The collection is simply gorgeous with elegant glimpse for all traditional as well as contemporary occasions.

Mughal-inspired jewellery

Founded in 2013, Purab Paschim by Ankit Khullar is a brand synonymous with statement style, aesthetics inspired from Indian royalty. It blends the majesty and mesmerising details of Mughal-inspired jewellery into its handcrafted luxury bridal collections.

Patrons are aware that almost 80% of their designs are customised and curated specially for each client and are rarely available to be bought off the rack. Paying homage to the timeless grace of enchanting Mughal royalty, the spring collection is inspired by the mystical love of the period, imbibing the stories that have been immortalized and emulated in form of designs making it an integral part of the Indian lifestyle.

Prabhu Inaugurates CFC at Amreli

Third CFC in Gujarat to be made operational by

GJEPC after Visnagar, Palanpur

Update 2: The Gem & Jewellery Export Promotion Council (GJEPC), apex body of Indian Gem & Jewellery Industry has established its third Common Facility Centre(CFC) also locally known as ‘Ratna Abhushan Suvidha Kendra’ at Amreli in Gujarat.

Shri Suresh Prabhu, Union Minister of Commerce & Industry inaugurated the CFC in the presence of Shri. Naranbhai Kachhadia, MP, Lok Sabha & Shri Pareshbhai Dhanani, Leader of Opposition, Gujarat Vidhan Sabha, Mr Manoj Dwivedi, Joint Secretary, MoC&I and other distinguished dignitaries.

WFDB tackles a full agenda of issues

The World Federation of Diamond Bourses' (WFDB) Executive Committee Meeting held in Idar- Oberstein, with the meeting tackling a full agenda of issues ahead of the 38th World Diamond Congress in Tel Aviv in June. The meeting hosted by the Diamant-und Edelsteinborse Idar Oberstein.