Import of Gold to Attract 3% GST Says CBEC in FAQs for G&J Sector
Imports of gold and other precious metals will attract 3% IGST, payable by the importing bank /nominated agency, the Central Board of Excise & Customs (CBEC) has clarified in its latest set of FAQs...
Piece of the Week: Stuller’s Diamond Moon Necklace
New York--Next week will see a total eclipse of … the sun, not your heart.
On Monday, the Earth will cross the shadow of the moon, creating a total solar eclipse.
This eclipse is...
Costco Ordered to Pay $19 Million for ‘Tiffany’ Rings
Costco owes Tiffany & Co. more than $19 million for selling 2,500 generic diamond rings falsely identified as "Tiffany" rings, a federal judge ruled Monday. Judge Swan ruled in favor of Tiffany, saying the...
India’s Polished Diamond Exports Remain Flat in July
Surat: Diamantaires in Surat may be facing liquidity crisis and defaults, but this has not affected export-import of Indian diamond industry.
Gems and Jewellery Export Promotion Council (GJEPC) figures show that the export of polished...
DPA Study Reveals Millennial Women’s Preference for Authentic and Unique Luxury Goods
Millennial women in the US have a distinct preference for luxury goods that are authentic, unique and not mass-produced, reveals a study conducted by the Diamond Producers Association (DPA), with 94% of the highest...
Costco Ordered to Pay Tiffany $19M-Plus in Trademark Lawsuit
New York--A federal judge has ordered Costco to pay Tiffany & Co. $11.1 million in damages plus, interest, in addition to the $8.25 million a jury awarded Tiffany last year in its trademark infringement...
Proposed Comprehensive Gold Policy in Focus at India International Gold Convention
The 14th edition of the India International Gold Convention 2017 (IIGC), which was held in Goa from August 11-13, 2017, discussed the proposed comprehensive gold policy that is under consideration by the government, among...
ALROSA to Conduct Safety Assessment of All Its Underground Mines
Russian diamond mining giant ALROSA has constituted an ad hoc expert group to conduct a comprehensive safety assessment of all its underground mines before September 1, 2017. In addition to the Mir mine, ALROSA...
President Putin Briefed on Rescue Effort at Mir Mine; Work Hampered by Rising Water...
The Minister for Emergency Situations in Russia, Vladimir Puchkov briefed Russian President Vladimir Putin on the progress of rescue operations at the Mir mine in Yakutia and the situation in the typhoon-hit Far-East, according...
Gold demand remains low in India; Investment buying steady in China
Gold demand in India remained sluggish this week as local prices jumped to their highest level in nearly three months and a rally in global prices of the precious metal dampened fresh buying elsewhere...
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U.S. Retail Sales Edge Up in March, But Tariff Uncertainty Dampens Momentum: NRF
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