gems and jewellery industry will be breathing a sigh of relief, as the Ministry
of Finance announced no IGST will be levied on gem and jewellery (GJ) carried
outside of the country for exhibition purpose. Till now, gem & jewellery
which was being carried outside of the country even for exhibition/ consignment
purpose was attracting IGST at re-import.
comes into effect after several representations made by the trade and industry
to the Ministry of Finance for exemption of IGST for the gems and jewellery
carried for exhibition purpose.
India will launch the GIA Diamond Origin Report at the India International
Jewellery Show (IIJS) from 8-12 August at Bombay Exhibition Centre, Mumbai. The
GIA Diamond Origin Report confirms the country of origin of a polished diamond
and includes a full assessment of the diamond’s 4Cs along with a plotted
diagram of its clarity characteristics, and a report number laser inscription.
To learn more about the program and all of GIA India’s offerings at IIJS, visit
GIA India website.
add a touch of feminine elegance without going overboard. Pearls define
elegance and class. Sangeeta Boochra launches wide range of 18 to 22kt silver
jewelery with pearls, right from fancy earrings, rings, necklace and many more.
Jewellers by Ketan and Jatin Chokshi, the 79-year-old & renowned jewellery
brand from Vadodara, collaborated with ace bridal designer and couturier Amit
Aggarwal to launch their new Bridal Collection at the FDCI Couture Week 2019.
of the very few jewelers of India who have been designing Oscars red carpet
collection for last 7 years and have been to New York Fashion Week for last
four seasons, Narayan Jeweller’s new Bridal collection 2019, includes jewellery
for all occasions, including Sundowner, Mehendi, Sangeet, Wedding and
launches its latest addition to
B2B portfolio, Swarovski Ceramics
a company that has enthusiastically pursued creativity, craftsmanship, and
innovation for more than 120 years, is proud to introduce its latest
cutting-edge jewelry stone. Swarovski Ceramics represents a radiant addition to
the Swarovski material portfolio as a high-tech product that reflects all of
the company's demanding social and environmental criteria. Conceived and Made
in Austria at home in the company’s Wattens headquarters, Swarovski Ceramics
introduces a brilliant range of stones to the jewelry segment, all with
exceptional clarity, cut, and color.
a global leader in diamond production, reports its Q2 2019 & say, diamond
production of 9.7 m carats and sales of 8.3 m carats or $0.8 bn. Q2 diamond
production grew 24% q-o-q (up 14% y-o-y) to 9.7 m cts primarily due to seasonal
return to production at alluvial deposits. A 10% y-o-y increase in diamond
production in 6M 2019 to 17.6 mn cts was mainly driven by the launch of
production at the V.Munskoye deposit in Q4 2018, increased output at the
Udachny underground mine, and a growth in ore processing at the Botuobinskaya
pipe as operational efficiency initiatives scale up.
Anglo American Platinum announces strong
financial results on back of robust market fundamentals! According to the key
highlights, zero fatalities in H1 2019 at own managed operations, with the
total recordable injury frequency rate (TRCFR) declining to the lowest on
record & Strong Environmental, Social and Governance (ESG) credentials-achieving
global recognition, placing first in Sustainalytics’ ranking of the precious
metals sector (of 55 peers).
financial aspect, they say, ‘Continued commitment to delivering industry
leading returns to shareholders.’ Their EBITDA growth of 82% to R12.4 billion
and accordingly headline earnings per share up 120% to R28.15 per share &
also return on capital employed (ROCE) increased to 45%. Diversified PGM basket continued to
drive earnings, with the Rand basket price up 33% per platinum ounce sold, on
subsidiary of St Barbara has acquired 100% of the outstanding common shares and
options of Atlantic Gold for A$780 million (C$723 million) under a Canadian
plan of arrangement. Further details of
the acquisition, including its strategic and financial benefits, are set out in
the corresponding announcement and presentation of 15 May 2019.
benefits from the acquisition of Atlantic Gold include, 1:A long life
operation, with an existing mine life of 12 years and substantial reserves and
resources; 2: Diversification of St Barbara’s production base with a low cost
asset in a favourable jurisdiction; 3: Significant growth potential through
planned resource and reserve expansion as well as near mine exploration.
Skill India Mission, Ministry of Skill Development and Entrepreneurship is
implementing a flagship scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
2016-20. PMKVY 2016-20 does not mandate the establishment of skill development
centres, however, it enables large number of prospective youth across the
country for taking up the Short Term Training (STT) courses and Recognition of
Prior Learning (RPL) through accredited and affiliated Training Centres /
Training Providers (TCs/TPs) which can be a private entity, NGO, etc.
Association Française de Gemmologie (the French Association of Gemmology-FAG)
has announced the line-up of speakers for the 18th Paris Gemmological Rendez
Vous, its prestigious annual gems symposium (GS), which will take place on
September 9, 2019, at: l’ASIEM, 6 rue Albert de Lapparent, Paris, France.
speaker list in alphabetical order is: 1: Alan Bronstein, President of the
Natural Color Diamond Association,
Delaunay, director of the French Laboratory of Gemmology (LFG), 3: Richard
Duffy : CEO of Petra Diamonds, 4: David Fisher, Principal Scientist, De Beers
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