NEWS

100% FDI in B2B e-commerce

100% FDI in B2B e-commerce

Recently department of Industrial Policy & Promotion, under the ministry of Commerce & Industry, attempted review of policy on Foreign Direct Investment (FDI) in e-commerce to provide clarity to FDI policy on e-commerce sector. They reviewed Para 5.2.15.2 of the Consolidated FDI Policy Circular 2017 will now read as under:

 

5.2.15.2.1 Subject to provisions of FDI Policy, e-commerce entities would engage only in Business to Business (B2B) e-commerce and not in Business to Consumer (B2C) e-commerce.

 


Armenia Russia discuss diamonds processing

Armenia Russia discuss diamonds processing

According to the AJA, export issues of the jewelry industry and the related problems of VAT was the subject of discussions in December between representatives of the jewelry industry and acting Minister of Economic Development and Investments of Armenia Tigran Khachatryan.


According to the press service of the department, the participants of the meeting raised the issue of the need for state assistance in importing rough diamonds from the Russian Federation and developing joint mechanisms in this area. During the meeting, the format of state assistance on the participation of Armenian companies in international exhibitions in order to enter new foreign markets was also discussed.

 

Shaankar Sen elected as the Vice Chairman

Shaankar Sen elected as the Vice Chairman

The All India Gem & Jewellery Domestic Council (GJC), the national apex body of the gems and jewellery industry has elected Mr. Anantha Padmanaban as Chairman and Mr. Shaankar Sen as Vice Chairman for a period of two years. The list of other newly elected directors of GJC has been uploaded on the company website.

 

Mr. Anantha Padmanaban, NAC Jewellers Ltd. has been closely associated with GJC since its inception. Over the years, he has successfully conceptualized and executed innovative programmes for the benefit of the Industry. He was instrumental in addressing many burning issues like excise, GST, custom duty, PMLA etc.

 


Up your jewellery style quotient

Up your jewellery style quotient

It’s that time of the year again, when celebrations are high in the air. It’s the most social and exciting time of the year, where the need to look stylish is at its peak.  “We have some of the most unique jewellery trends of the year that are fun, fashionable, and you will fall in love with how amazing they complement your outfit” Pradnya Mhaske, Head of Jewellery Design and Merchandising, CaratLane, A Tanishq Partnership inks further:

 

1.             Stackable rings: One jewellery trend that is going to take your outfit by storm is the stackable rings. Diamond rings can never go out of trend, and when it’s stackable, it’s an even bigger win! Rings that can be worn in many different ways become the ultimate dream for a lot of women who love experimenting with their jewellery. From dainty bands to three tone rings, stacking is a fun style trend because it lets you experiment and play with different motifs, metal colours and styles. You just cannot go wrong with stackable rings.

 



 

P Mangatram unveils Tvum collection with meraki

P Mangatram unveils Tvum collection with meraki

With meraki P Mangatram has unveiled the Tvum collection that showcases a blend of contemporary styles and traditional heritage. The creation is reflection of glorious romance between art, soul and creativity. It is perfect amalgamation of brilliant uncut diamonds, diamonds and precious stones in sublime harmony. The die piece of goddess Laxmi is given a gentle and smooth matte gold finish to make it look more vibrant and sleek. This distinctive piece is designed to suit the tastes of jewellery aficionados in South India.

 

P Mangatram Jewellers is as a leading name in the world of studded jewellery. The company creates a wide range of traditional and contemporary pieces and boasts of a loyal customer base. It has been among the preferred list of manufacturers for top jewelry retailers in India and strong presence in United States, UAE and United Kingdom.

 


 

 

 

 

Gem & Jewellery Exporters Exempted from IGST!

Gem & Jewellery Exporters Exempted from IGST!

No 3% IGST on supply of Gold by Nominated Agencies

Exemption Effective from January 1, 2019

 

In a major relief, the Union Government has accepted apex body - The Gem & Jewellery Export Promotion Council’s (GJEPC’s) demand to grant IGST-related exemption on supply of gold by Nominated Agencies to exporters of articles of gold. The GST Council recently announced that gem & jewellery exporters will no longer have to pay 3% IGST to nominated agencies (banks) from 1st January 2019. 

 


1st PMI of the New Year in Coimbatore announced!

1st PMI of the New Year in Coimbatore announced!

The Smart Commerce City to host 1st PMI of 2019

 

GJC to host 1st PMI of 2019 in Coimbatore

 

150 jewellers to gather in

the Smart Commerce City

 

PMI to be held on 8th to 10th January!

 


First-ever three way merger in Indian Banking

First-ever three way merger in Indian Banking

Amalgamation of three banks approved!

 

First-ever 3way consolidation of banks in India

 

Three Banks merger

come into force on April 1

 

Cabinet approves first-ever three way merger in Indian Banking with amalgamation of Vijaya, Dena and Bank of Baroda!

 

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the scheme of amalgamation for amalgamating Bank of Baroda, Vijaya Bank and Dena Bank, with Bank of Baroda as the transferee bank and Vijaya Bank and Dena Bank as transferor banks.

 


 


DGCX traded 22,260,136 lots in 2018

DGCX traded 22,260,136 lots in 2018

DGCX traded US$ 475 billion in 2018

 

Trading volume grew up 28% YoY at DGCX

 

The best performing asset classes

in 2018 were the Indian Rupee

 


Riwayat by TBZ- The Original For every bride and bridal trousseau

Riwayat by TBZ- The Original For every bride and bridal trousseau

Riwayat redefines the brand’s mastery

 

TBZ-The Original, unveils

a magnificent collection of bridal jewellery

 

TBZ-The Original, India’s most trusted and iconic jewellery brand unveils a magnificent collection of bridal jewellery. Taking inspiration from the regal era, the range has been meticulously designed to perfection with splendid jewels and stones. Riwayat redefines the brand’s mastery over exemplary designing and innovation to suit varied preferences like never before. The marvellous designs with a dash of Indian heritage are now here to make every bride’s dream come true.

 


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