Credit: Photo by Simphiwe Nkwali / © De Beers 2020 De Beers reported that its rough diamond production for Q2 that ended 30th June, 2020 decreased by 54% to 3.5 million carats,…
Credit: © World Gold Council Investors have embraced gold in 2020 as a key portfolio hedging strategy, said the World Gold Council (WGC) in its latest report titled, Gold mid-year outlook 2020:…
Credit: Silver Promotion Service Silver Promotion Service (SPS), a sister concern of the Silver Institute, a silver promotion body, announced the results of a US consumer research study showing pent-up demand for…
The duty drawback rate on gold has been increased by 15.6% from Rs.372.9 per gm to Rs.431.1 per gm, which will enable exporters to get higher returns on duty and taxes that…
India’s overall gross exports of gems and jewellery during the first quarter of FY2020-21 (April-June 2020) showed a decline of about 55% to US$ 2746.64 million on a year-on-year basis, according to…
In a major relief to the Indian diamond industry, the Central Board of Indirect Taxes And Customs, Ministry of Finance, Department of Revenue, Government of India, at the behest of the Gem…
The Common Facility Centres (CFC) Project Steering Committee, which includes representatives from the Ministry of Commerce & Industry and the GJEPC, met on 8th July, 2020, to review the status of the…
Tanishq, the jewellery arm of Titan Industries and the country’s leading jewellery retail chain, reported that revenues for the first quarter of the fiscal year 2020-21 were impacted by the pandemic. Having…
At a recent meeting with the Finance Minister Smt. Nirmala Sitharaman, GJEPC has urged to consider granting Priority Sector status to the gem and jewellery industry. The industry contributes significantly to the…
GJEPC chairman Colin Shah, vice chairman Vipul Shah, and executive director Sabyasachi Ray held a video meeting with the Hon’ble Finance Minister, Smt. Nirmala Sitharaman, on 6th July, and made a presentation…