Saffronart Auction Features Indian Jewellery

Saffronart Auction Features Indian Jewellery from Tradition to Innovation

Mumbai, October 2018: Saffronart returns with its Online Auction of Fine Jewels on 24-25 October 2018, featuring 152 curated, collectible lots which trace the journey of Indian jewellery design From Tradition to Innovation. The...
B.V.C Logistics Pvt. Ltd.

Jewellery Industry Reshapes Post-Pandemic with the Line-up of Exhibitions

Mumbai, September 2021: Logistics companies involved in the movement, storage, and flow of high-value goods, have been directly affected by the COVID-19 pandemic. As an integral part of the value chain, both within and...
stellar

Stellar Diamonds To Focus on the Tongo-Tonguma Project

Stellar Diamonds plc announcing its final results for the period ended 30 June 2017 reported that it had raised US$ 1.2 million cash through a combination of equity and debt in the financial year. The...
Sarine opens new service centre in China

Sarine opens new service centre in China

Sarine Technologies Ltd has opened a modern facility in China that will provide various services including scanning and mapping of internal inclusions in rough diamonds. Located at the Sha Wan Jewellery Park in the Panyu...
Hull jewellers gear up for City of Culture Christmas

Hull jewellers gear up for ‘City of Culture’ Christmas

Jewellery retailers in Hull are gearing up for a Christmas trading as the UK City of Culture. Over the last 12 months, the UK City of Culture title has boosted business in the area, after...
Botswana Diamonds Exploration in Kalahari Reveals Good Prospects

Botswana Diamonds Exploration in Kalahari Reveals Good Prospects

Botswana Diamonds (BOD) PLC, a joint venture partner with ALROSA in Sunland Minerals -- and its operator – recently provided an update on Sunland Minerals’ exploration projects in Botswana. The Company reported that all the...
IIJS Signature Attracts International Buyers From Bahrain

IIJS Signature Attracts International Buyers From Bahrain

The IIJS Signature team has successfully completed its first door-to-door campaign in Bahrain, inviting prominent retailers from the country to visit its upcoming show in Mumbai. At the popular India Pavilion within the Jewellery Arabia...
Surge in Undisclosed Colored Laboratory Grown Diamonds

GSI Cautions Trade: Surge in Undisclosed Colored Laboratory Grown Diamonds

February, 2024 (New York, NY): Gemological Science International (GSI), a global leader in diamond and jewelry certification, has raised a red flag over a notable increase in undisclosed laboratory-grown brown, yellow, and pink diamonds...
Scots spend more on jewellery as an anniversary gift, study claims

Scots spend more on jewellery as an anniversary gift, study claims

It’s no secret that consumers shop differently depending on age, gender, and where they live in the country, and when it comes to buying jewellery, that rule certainly applies. Helping to shed light on some...
GJEPC representatives recently made a presentation on issues related to the G&J trade between India and ASEAN countries before a Department Related Parliamentary Standing Committee on Commerce, putting forward recommendations on tariffs and other related matters. After giving an overview of the growth of the Indian industry and its contribution to the country’s export basket as well as a snapshot of India’s trade in the sector with Singapore, Malaysia, Indonesia and Vietnam, the GJEPC representatives put forward the industry viewpoint. They stressed that India was supplying cut and polished diamonds to jewellery manufacturers in the region and hence during Indo-ASEAN CECA negotiations, granting of tariff concession should only be on Cut and Polished Diamonds (ITC HS Code – 710229, 710239) which will benefit the country in the long run. Further, they pointed out that the proposed Value Addition under CECA should be reduced from 35% to 10% of the FOB value of the export of diamonds from India as these diamonds are used as a raw material in the manufacture of studded jewellery. GJEPC said that strict compliance of achieving the prescribed Value Addition should be ensured at the ports while any import is taking place. The Council also emphasised that any tariff rebate on imports of plain and studded precious metal jewellery could be hazardous for the entire Indian jewellery segment as it could lead to flooding of precious metal plain jewellery from Indonesia and Malaysia. It recommended that the CVD on jewellery imports should not be brought down. The Council was represented at the meeting by Dr. Jitarani Udgata and Sudhir Patil.

GJEPC Makes Presentation on Indo-ASEAN G&J Sector to Parliamentary Committe

GJEPC representatives recently made a presentation on issues related to the G&J trade between India and ASEAN countries before a Department Related Parliamentary Standing Committee on Commerce, putting forward recommendations on tariffs and other...

Related articles

LVMH Appoints Jean-Christophe Babin to Lead Watches Division

LVMH Appoints Jean-Christophe Babin to Lead Watches Division

LVMH has announced the appointment of Jean-Christophe Babin as the new CEO of its prestigious watches division. Babin, a seasoned veteran in the watches...
Tata Cliq Luxury Teams Up with RedBeryl to Enhance Premium Shopping Experience

Tata Cliq Luxury Teams Up with RedBeryl to Enhance Premium Shopping Experience

Tata Cliq Luxury, the luxury fashion and lifestyle platform from the Tata Group, has announced a strategic partnership with RedBeryl, a luxury lifestyle management...
Victor Osimhen Commissions $1M Gold and Diamond Mask—A Symbol of Grit and Glory

Victor Osimhen Commissions $1M Gold and Diamond Mask—A Symbol of Grit and Glory

Soccer superstar Victor Osimhen has taken luxury to the next level, commissioning a $1 million gold-and-diamond replica of the protective mask that has become...
De Beers Unveils New Initiatives to Boost Natural Diamond Appeal in India

De Beers Unveils New Initiatives to Boost Natural Diamond Appeal in India

De Beers Group has introduced a fresh initiative in India aimed at promoting natural diamonds to a younger audience. The ‘Second Ear Piercing Ritual’...
Trump's Tariffs: A Looming Crisis for India's Diamond and Jewelry Exports

Trump’s Tariffs: A Looming Crisis for India’s Diamond and Jewelry Exports

India is on high alert as the U.S. prepares to potentially raise tariffs, threatening to worsen the already fragile state of the country's diamond...
- Advertisement -
The Jewelry Central
TJM Advertise Here
X