NEWS

Vintage Bliss by 925 Silver Jaipur

Vintage Bliss by 925 Silver Jaipur

Old world charm by925 Silver Jaipur

 

Splendid collection of antique jewellery

 

Age of ever-changing trends!

Stand out and make a statement!

 

925 Silver Jaipur, the one-stop destination for unique and hand-made authentic silver jewellery, unveils a splendid collection of antique jewellery. Tastefully curated with picture-perfect detailing, the collection is an ode to the alluring and enlivening from the beautiful pink city – Jaipur.

 


GIA Jammu seminar on gemstones!

GIA Jammu seminar on gemstones!

To help ensure public trust in gems and jewellery, GIA India organised an education seminar on “Allure of Ruby, Sapphire and Emerald” for members of the trade in Jammu on Dec. 21. More than 40 members from Sarafa Association, Jammu, attended to gain important information on the big three gemstones. GIA Instructor Rahul Ladiwal shared insights on the finest colours, best quality, sources, treatments and synthetics of rubies, sapphires and emeralds.

 

Vijay Kumar Verma, General Secretary, Sarafa Association, Jammu, said, “The seminar organised by GIA India was very informative for all the members of the association and will help us in buying and selling coloured gemstones.”

 


OPIC investments in Botswana diamond manufacturing

OPIC investments in Botswana diamond manufacturing

Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne visited Botswana, where he met with local banks to discuss investment opportunities to advance development in the country, and visited OPIC-supported projects.

 

Among the projects Washburne visited was an OPIC-supported diamond cutting and polishing facility that has promoted local job creation and diversified economic growth by bringing more value-added parts of the diamond industry into the country. Historically, diamonds mined in Botswana and elsewhere were sorted, marketed and manufactured in other countries.

 


Mozambique Planning to Certify Diamonds

Mozambique Planning to Certify Diamonds

From 2019, Mozambique may have its own executive secretariat for the certification of diamonds. According to a report on Radio Mozambique, the Minister of Mineral Resources and Energy, Max Tonela, said the new body will be charged with certifying the origin of any diamonds found in Mozambique.

 

Mozambique is already a signatory to the Kimberley Agreement. The Kimberley Certification Scheme was set up in 2003 to prevent conflict diamonds also known as blood diamonds, from entering the mainstream diamond market. The purpose of the scheme was to ensure that the diamond trade was not financing violence by rebel movements seeking to overthrow legitimate governments.

 


Stargems sign MoU with HRD

Stargems sign MoU with HRD

DMCC welcomes MoU signing between Stargems DMCC and HRD Antwerp to establish diamond jewellery grading lab in Almas Tower! HRD Antwerp, a European leading authority in diamond certification, has entered a partnership with Dubai-based jewellery retailer Stargems to certify their entire jewellery inventory through the establishment of a diamond jewellery grading lab. This cooperation will ultimately ensure the transparency and authenticity of each jewellery piece.

 

As a result of the collaboration, HRD Antwerp will open its first diamond jewellery grading lab in the Middle East, located inside Turkish Trade Center (TTC) in Almas Tower in the DMCC Free Zone. HRD Antwerp’s laboratories use the most sophisticated technology and rely on the extensive expertise of their in-house research department to certify diamonds. With this new partnership, HRD Antwerp aspires to expand its presence in the Middle East by targeting some of the largest and most promising diamond markets.

 



Real GDP growth to fuel US demands!

Real GDP growth to fuel US demands!

‘The Global Diamond Industry 2018, A resilient industry shines through’ report focuses on supply and demand model. Bain report says, Based on our analysis, we expect natural rough diamond supply to change at an average annual rate of negative 1% to 1% in volume terms through 2030. We expect demand to grow 0% to 2% in real value terms during the same time frame.

 

Our current outlook versus the forecast from the previous year incorporates revised macroeconomic forecast, possible demand substitution from lab-grown diamonds, and reflects fundamental supply and demand factors rather than short-term fluctuations. The short-term supply-demand balance depends on the actions of major producers and efficiencies along the diamond pipeline.

 


Polished Tender in New York

Polished Tender in New York

Laurelton Diamonds will be holding the viewings of its next Tender of Polished Diamonds at the Laurelton Diamonds offices in New York, USA. The Tender will include a selection of Single GIA certified stones and grouped lots of GIA certified and non-certified polished diamonds. These include round and fancy shapes in sizes ranges from caraters to melee. There will also be a range of Yellow Polished diamonds in a variety of shapes and sizes.

 

According to Laurelton, the tender is scheduled from Monday 7th January to Wednesday 9th January in New York, USA. Viewing appointments can be booked from 9:00-17:00 (max 4hrs / excluding weekends). Interested new clients in viewing the Tender have to contact Laurelton Diamonds. Existing clients may contact Laurelton to book an appointment on the usual numbers.

 


 

 

New GST return filing system from April 01

New GST return filing system from April 01

The GST Council in its 31st meeting held at New Delhi made the related policy recommendations. There would be a single cash ledger for each tax head. The modalities for implementation would be finalised in consultation with GSTN and the Accounting authorities.

 

A scheme of single authority for disbursement of the refund amount sanctioned by either the Centre or the State tax authorities would be implemented on pilot basis. The modalities for the same shall be finalized shortly. The new return filing system shall be introduced on a trial basis from 01.04.2019 and on mandatory basis from 01.07.2019.

 


Exports from SEZs at Rs. 3.33 lakh crore

Exports from SEZs at Rs. 3.33 lakh crore

Employment generation at 19.96 lakh skills

 

The Special Economic Zones (SEZs) policy was launched in April, 2000.  The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005.  The SEZs Rules, 2006 came into effect on 10th February, 2006.

 

In addition to seven Central Government Special Economic Zones (SEZs) and 11 State/Private Sector SEZs set-up prior to the enactment of the SEZs Act, approvals have been accorded to 420 proposals for setting up of SEZs in the country. Of 355 notified SEZs, 230 SEZs are operational.

 


MSMEs export grows by 7.5% in 2017-18

MSMEs export grows by 7.5% in 2017-18

The growth of exports of products manufactured by MSME units has been 7.5%, during the financial year 2017-18. This was informed by Giriraj Singh, MoS (I/C) for the Ministry of MSME, in the Lok Sabha. The Minister further informed that the growth had been -5.9%, and 4.8% during 2015-16 and 2016-17 respectively.

 

Giriraj Singh added that as per the information received from Directorate General of Commercial Intelligence & Statistics, the value of exports of MSME related products have been USD 130768.70 Million, USD 137068.80 Million, USD 147390.08 Million, USD 78519.91 Million during the financial year 2015-16, 2016-17, 2017-18 and 2018-19 (till September, 2018), respectively.

 


 

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