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.
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.
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.
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.
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.
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
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.
CFC in Gujarat to be made operational by
after Visnagar, Palanpur
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
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.
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.
Alrosa, the global leader in diamond production, prepaid USD 450 million of
bank loans. Alrosa made an early repayment of a USD 250 million loan from
Rosbank and a USD 200 million portion of the existing Raiffeisen bank loan,
both raised in December 2017, reducing its debt by more than 27% to USD 1.17
bank loans were repaid with the cash proceeds received from the Company’s
auction sale of gas assets in February 2018.
the world’s leading Free Zone for commodities trade and enterprise, is set to
hold an in-depth discussion on "The Evolution and Impact of Taxation on
Gold" and "Challenges in the Jewellery Sector" on the first day
at the 7th edition of the Dubai Precious Metals Conference (DPMC).
India, the government imposed a 5% customs duty on gold jewellery last year.
And in the UAE, a 5% VAT rate has been imposed on gold jewellery since the
start of 2018. What are the implications of these taxes and how are they
impacting the gold market? These, and other issues, will be tackled in depth on
the first day of the conference.
Ashanti has signed the regulatory and fiscal agreements with the Government of
Ghana that will provide the framework for the redevelopment of the Obuasi Gold
Mine into a modern, productive mining operation.
Government of Ghana and AngloGold Ashanti have put in place several agreements
including a Development Agreement, Tax Concession Agreement, Security Agreement
and a Reclamation Security Agreement. The Environment Impact Assessment process
has been completed and the permits are expected shortly.
GST Council decides Extension for six months
a strong positive signal to the exporting community, the GST Council in its 26th
meeting held & decided to extend the available tax exemptions on imported
goods for a further 6 months beyond 31.03.2018. Thus, exporters presently
availing various export promotion schemes can now continue to avail such
exemptions on their imports upto 01.10.2018, by which time an e-Wallet scheme
is expected to be in place to continue the benefits in future.
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