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…
Sotheby’s flagship Hong Kong Magnificent Jewels auction on 10th July fetched a total of $56.4 million with two fancy heart-shaped diamonds taking centre stage. A 5.04-carat fancy vivid blue diamond ring, Type…
Alrosa reported that its June 2020 rough diamond sales dropped 31% to $24.8 million, from $36.2 million in May 2020. The Russian miner’s total sales for the month, including rough and polished…
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…
In deference to the devastating impact of Covid-19 on the healthcare community, Diamonds Do Good® (DDG), formerly known as Diamond Empowerment Fund, will support The Brave of Heart Fund in its 2020…
Alrosa decided to change dates for its trading sessions in July and August after having reviewed the current market situation. The July trading session, initially scheduled for 12th-17th July, will take place…
Investors flocked to silver-backed exchange-traded products and silver bullion coins in the first half of this year, according to a report released by The Silver Institute, an association of silver producers, refiners,…
From June 15, 2020, she will take on a consulting advisory position focusing on GIA’s Diamond Origin Report service. Nirupa Bhatt will be transitioning from her full-time position as managing director of…
When several exporters were issued show cause notices for non-levy of customs duty on re-import of products exported for international trade shows, GJEPC stepped in quickly to resolve matters. It also made…