NEWS

UAE Africa Gold Convention to be held on 8

UAE Africa Gold Convention to be held on 8

DGCX-IBMC UAE Africa Gold Convention 2019, is a high level International event attended by Diplomats, Ministers, top Industry Leaders from  gold mines, refineries, jewelers, traders, import export companies from UAE and Africa is to be held on January 08, 2019 at, Armani, Burj Khalifa, Dubai, organised by DGCX & IBMC.

 

The primary objective of the event is to showcase the entire gamut of Gold trade and business activities in UAE and explore potential opportunities available to Gold businesses based in the continent of Africa and UAE. With greater focus on diversification of the business in the country and the region, the gold industry will have a greater role to play in the non-oil business in the UAE.

 


Silver moves AI

Silver moves AI

German and Italian scientists have produced a memristive element! It’s a component whose electrical resistance changes with the amount of current flowing through those functions similarly to a biological nerve cell. This discovery will help advance the science of artificial intelligence (AI) as the element, produced from nanowires, will allow computers to more closely approximate the neural networks of human brains.

 

This could be a large step in the continuing development of artificial intelligence, and silver will play a key role!

The element relies on silver to join it to other components, because silver is one of the world’s best electrical conductors and is malleable enough to connect to the nanosized memristive element.

 


Amour collection for the V’Day

Amour collection for the V’Day

Prakshi Fine Jewellery, the house of contemporary and plush jewels presents Romantic Renditions this season for the perfect Valentine’s Day gift for your beloved. Bejewel this day of love with an adorable ring from Amour collection by Prakshi Fine Jewellery and seal the deal in anticipation! Amaze her with a staggering dainty bauble that she can treasure all day, every day.

 

Featuring magnetism elegant designs, Amour by Prakshi Fine Jewellery embraces stunning and light weight tokens of love for your lady love. Finely crafted in 18K white, yellow & pink gold, the collection offers splendid stackable rings in gorgeous heart shape gemstones & deep red rubies symbolizing love & passion.


EPC setting up for MSME Sector

EPC setting up for MSME Sector

Ministry of Micro, Small and Medium Enterprises (MSME) has recently established an Export Promotion Cell (EPC) with an aim to create a sustainable ecosystem for entire MSME development. The benefits likely to accrue to the MSMEs are:

i.              Evaluate readiness of MSMEs to export their products and services

ii.             Recognize areas where improvements are required in order to be able to export effectively and efficiently

iii.            Integration of MSME into global value chain. This was stated by Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Giriraj Singh in theLok Sabha.

 


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. 

 


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