NEWS
Signature IIJS to Run Alongside WFDB Meet
Mumbai: The Signature IIJS jewellery show
will take place in Mumbai from February 6 to 9, coinciding with the World
Federation of Diamond Bourses (WFDB) presidents’ meeting.
GJEPC Delegation Meets Commerce Minister
Mumbai: A delegation of The Gem &
Jewellery Export Promotion Council’s Southern Region met India’s Minister of
State for Commerce & Industry Smt Nirmala Sitharaman, while the Minister
was on a visit to Mangaluru recently.
PNG Jewellers Inaugurates Science Lab
Mumbai: Parag Gadgil, Executive Director,
PNG Jewellers along with other dignitaries inaugurated science labs in the
Secondary school of the Ajivali village in Mawal taluka of Pune District on 6th
January, 2017. Additionally, PNG Jewellers has also constructed toilets for the
primary school in Shillim village.
GJEPC Wishes 5% Import Duty on Gold
Mumbai: To curb grey market and boost the
organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is
expecting Finance Minister Arun Jaitley to reduce the import duty on gold to
around 5 per cent in the upcoming Union Budget.
IBJA Wishes 'Select' Hallmarking of Silver
Mumbai: India Bullion & Jewellers Association (IBJA) is writing to the consumer affairs ministry about allowing hallmarking in silver of only certain purity, as in gold, to prevent customers from being duped by wily silver jewellers and dealers.
Richemont Reporting Sales Increase in Q3
New York: Richemont, the second largest
luxury goods company in the world, just shared their trading update for the
third quarter ended December 31 2016, reporting an overall 5% uptick at
constant exchange rates to $3,292.5 million and a 6% rise at actual exchange
rates. In Europe, sales increased by 3% in the third quarter, in contrast with
the 17% decline registered in the first six months of the year. The report
suggests the increase was primarily due to local sales and tourist purchases in
the United Kingdom as well as strong jewellery sales across the region.
Sotheby’s Combines Luxury Categories
New York: Sotheby’s launched a luxury and
lifestyle division tapping seasoned auctioneer Marteen ten Holder as managing
director of the business.
Laurelton Diamonds to Hold tender
Antwerp: Laurelton Diamonds Belgium BVBA
will be holding viewings of its next tender of rough and sawn goods at the
Antwerp Diamond Tender Facility.
AWDC Announces Dates of Anti-Money Laundering Seminars
Antwerp: The Antwerp World Diamond Centre
(AWDC) has announced its program of anti-money laundering (AML) seminars for
this year.
GJEPC Conducted Seminar in Palanpur
Mumbai: The GJEPC recently conducted an
awareness seminar at Palanpur, Gujarat the benefits of doing organised business
and adopting best practices. The meet was addressed by GJEPC officials, leaders
of industry bodies, bankers, finance experts and others.