The decline in bullion sale is a pan-India phenomenon, with a 70 per cent slump in sales reported countrywide
With demand growing 9 per cent during the January-June period, jewellers were expecting consumption to increase after a subdued couple of years
In the lively panel discussion moderated by the well-known watch & jewellery consultant Anil Prabhakar, leading jewelers & manufacturers such as Anmol jewelers, Tanishq, Manoharlal Jewelers, Venus jewel & Metal Art creations participated
As the Centre has scrapped Article 350 and 35A, we decided to come up with a theme that signifies the importance of both days. Gold and silver rakhis are being designed in accordance with the customers
Hallmark in a gold ornament guarantees purity and fineness of gold; it’s a form of consumer protection
Gross export of gems and jewellery declined 9.3 per cent to $12.15 billion from the same period last year
Bank finance, currently applicable for pre- and post-shipment of goods, will be covered by the Export Credit Guarantee Corporation (ECGC)
The Summit consisted of three panel discussions outlining the current state of the industry, challenges faced and the importance of compliance within the industry
While a possible shift of manufacturing base by companies looking to deleverage their China strategy is in the offing, there will be hurdles for entry into India
Indian exports of Gold jewellery articles along with gold chains, necklaces, neck chains, gold mixed links stood at $1.78 billion in 2018, down from $2.5 billion in 2007-09, after these items lost preferential treatment under the GSP in stages
BVC Foundation also donated 500 Fruit-bearing trees in Aarey Milk Colony in Goregaon, Mumbai for its original inhabitants
The Pavilion will have booths displaying India’s gem and jewellery sector, Indian handlooms, Ientertainment industry and the hospitality and tourism sector
The statement from the Government of India clarified that that the activity of sending or taking the goods out of India for exhibition or on consignment basis for export promotion do not constitute as supply as the said activity does not fall within the scope of section 7 of the CGST Act as there is no consideration at that point in time
The exporters shall now be able to carry their gems and jewellery on the basis of delivery challan meant for approvals and can then adjust the delivery challan with the jewellery re-imported within six months of its issuing date
The 21.39 carat ring containing 7,777 natural diamonds and has ranked VVS-VS in terms of clarity and E-F on the color scale
Exports of gems & jewellery dipped 16.26 percent to USD 2.82 billion in June from USD 3.37 billion in June 2018, according to the data from the Gem & Jewellery Export Promotion Council
“It was a mistake to leave India. But the situation was such. The kind of pressure by anti-social elements and politicians forced me to leave India” Khan reveals in another video
The goal was to bring its partners together to interact, network and exchange insights on Forevermark’s growth and vision for the industry, within a global framework
With cost of doing business going up, export competitiveness will go down; Indian exporters will lose business to neighbouring countries resulting in job losses
The registration for the awards has been declared open as on 1 st July 2019 and will continue till 31st August 2019 for all product categories
To discourage cash payments, the finance minister has proposed a TDS of 2% on cash withdrawals exceeding ₹1 crore in a year from a bank account
Banking exposure dropped ₹4,400 crore to ₹65,700 crore over the year according to latest data issued by the Reserve Bank of India
GJC wants the bankers not to treat the gems and jewellery companies as a sector but take up the loan applications on case to case basis
Gem and Jewellery Skill Council of India in association with Women’s Jewellery Association launched Gem Connect, a one-of-a-kind recruitment drive that seeks to create a bridge between aspiring designers and jewellers
Runaway owner is believed to be hiding in Ras Al Khaimah and will be brought back soon according to SIT chief Ravikanthe Gowda
Since these ornaments are not carried based on pre-orders from foreign customers, some of them are sold in the exhibition itself, while the remaining are brought back to India. On such imports, jewellers need to pay another three per cent towards IGST
The Shah Jahan dagger has sold for a whopping $3,375,000 (Rs. 23.4 crore), setting the record for the highest value of a Shah Jahan jade object
43 kg of gold ornaments worth Rs 13 crore, 5884 carats diamonds worth Rs 17.6 crore, salt diamonds valued at Rs 1.5 crore and 520 kgs of silver jewellery worth 1.5 crore were confiscated by the officials
Seven persons arrested after searches at domestic cargo terminal revealed gold bars weighing 32.28 kilograms
The withdrawal of GSP will affect exporters of gems & jewellery the most because 15% of such exports availed of its benefits in 2018
This will pave the way for officials to seize properties belonging to the firm and its owner Mohammed Mansoor Khan and, to return money to investors by auctioning them
The agency's zonal office in Bangalore has filed an Enforcement Case Information Report (ECIR), similar to an FIR, and has pressed criminal charges under the Prevention of Money Laundering Act (PMLA), the officials said
Interestingly, each director owned only 0.03% of share in the company and did not have any information on the whereabouts of owner Mansoor Khan
The 3-day business matching programme will be an ideal opportunity to showcase India’s strength & capabilities in manufacturing Silver jewellery which is in demand due to its exclusivity and craftsmanship, whether its machine-made or hand made
Combined exports in April and May took a 9.11 per cent plunge to $6.07 billion according to the data provided by GJEPC
Minister for Civil Services Zamir Ahmed Khan and two Congress legislators had also met Home Minister M B Patil and appealed to the State government to render justice to the people who had lost their money
The new ‘noor-e-jashn’ collection ranges from Necklace, Pendant, Earrings and made of Gold, Pearl & Color Stones with Mughal jafri essence
Exports of gold jewellery (both studded and plain) during the month were up to US$ 908.98 million from US$ 815.90 million a year earlier
According to an estimate, people of Sirivella and Mahanandi are chancing upon diamonds worth Rs 4 crore during the rainy season on an average. Maddikera and Tuggali mandals account for a find of diamonds worth about Rs 5 crore every year.
He will represent the service industry forum in the jewellery supply chain, from mine to retail and will also join the current Board members to work closely with the RJC’s Executive Committee
This antique collection includes a diamond encrusted sword hilt of Maharaja Jagatjit Singh of Kapurthala, natural pearl necklace belonging to Rajmata Gayatri Devi and a jade hilted dagger of Mughal King Shah Jahan
The seminar was conducted to create awareness about various schemes available for MSMEs and through the National Small Industries Corporation Ltd. (NSIC); and to inform them about banking procedures and documentation and export-import procedures
Set with 14000 diamonds and weighing a staggering 340 carats these shoes will be on display from 31st May to 3rd June
Minimalistic Jewellery by Messika creates maximum impact at 72nd Cannes Film Festival red carpet
This initiative witnessed donors from over 30 cities of India donate clothes, stationery and books. Through the DOO initiative, BVC Foundation collected over 30,000 books, 2,70,000 pieces of stationery and over 3 tonnes of clothes, which would be donated to 96 orphanages and 10 old age homes in over 20 cities across India.
This year, the format focuses on bringing a mélange of traditional and contemporary jewellery creations from across the regional boundaries of our country
Celebs dazzled in Messika jewellery at the premiere of Les Misérables
Diamond merchant made bail plea due to ‘unlivable’ conditions of jail, but was denied by judge
Singer Kacey Musgraves and actor Gemma Chan lit up the red carpet in Forevermark Diamonds at the 2019 Met Gala held at the Metropolitan Museum of Art in New York City
The excitement around Akshaya Tritiya may not be the same as it was a decade ago, however, a majority of the people still believe in the ‘auspiciousness’ of gold. Surprisingly, diamond jewellery demand is also seeing an upward demand
A Joint Director-level officer has been deputed to leave for London Wednesday with necessary documents
Govt sources have confirmed that India is moving ahead to bring high-value economic offenders from West Indies
The show is said to be a gateway to the Indian jewellery market, with a special focus on the bustling metropolis and surrounding regions.
Pantone deems ‘living coral’ as an animating and life-affirming coral hue with a golden undertone that energizes and enlivens with a softer edge.
30 International Buyers representing 8 Nations participate in the BSM
Indian Jeweller magazine today held \ grand jury meet for the 8th edition of JJS-IJ Jewellers Choice Design Awards (JJS-IJCDA).
In an otherwise dull stock market situation, the Delhi based jeweller’s shares nearly doubled with a 100 per cent stock market gain in 11 days.
The session primarily revolved around women entrepreneurs in the male dominated jewellery industry.
The Boutique show will unveil collections from 60 Select Makers from across media & abroad; a gala award night to witness India’s Coolest Stores
The 15th edition of JJS will be held at JECC from 21-24 December.
The agency, which is probing the USD 2 billion alleged bank fraud said Choksi was “using several dummy companies” to rotate funds and to divert money for his personal use.
Winners will be announced in a gala awards night to be conducted during the 3rd edition of COUTURE INDIA show at TAJ Diplomatic Enclave in New Delhi on 29th September 2018.
The Interpol, after receiving Choksi's plea, sought the CBI's reply which the Indian agency has sent denying all allegations levelled by him.
Commerce and Industry Minister Suresh Prabhu has said his ministry wants to include the export segment under the priority sector-lending category and it has taken up the issue with the Reserve Bank of India.
Jewellers are facing challenges in availing funds from banks following the PNB fraud case in which diamond traders Nirav Modi and his uncle Mehul Choksi are allegedly involved, a top industry official said.
The 3-day wedding jewellery exhibition was inaugurated by actress Kiara Advani and had the elite of Hyderabad mesmerised with its alluring exhibit of jewellery.
The 47-year-old diamantaire was able to travel in and out of Britain at least four times since his passport was cancelled by the Indian authorities in February.
Provisions of the stringent Cofeposa have been invoked against the three accused, including the father and son duo, allegedly involved in diversion of gold jewellery meant for export.
Siddharth Bindra, MD, BIBA jewellery and Aditya Pethe, Director, Izaara and WHP Jewellers list some trends that are making waves.
The show witnesses 14,500 pre-registrations on Day 1 as compared to 11,000 last year. The Council expects the registration to be over 16000 by the end of the show.
In a surprising turn of events yesterday, CBI has booked diamond merchant Nirav Modi, his brother, wife and a business partner for allegedly cheating the Punjab National Bank (PNB) of over Rs 280.70 crore in 2017.
GJF had conjured an evening comprising an elegant mix of fashion, style and glamour to showcase the multifaceted creativity of the Indian handcrafted jewellery.
Jewellery designer Pallavi Foley and Sanjay Jagwani, Director, Notandas Jewellers, have listed some jewellery trends to watch out for in 2018
The winners of the 7th edition of JJS-IJ Jewellers Choice Design Awards 2016 announced in the gala award evening held on 23rd December 2017, at Crowne Plaza in Jaipur.
Presence of industry stalwarts, celebrities, insights and entertainment makes the IMP show an evening to remember.
With an interesting mix of industry and non-industry experts, the first day of the summit definitely proved to be a learning platform for industry personnel says Vijetha Rangabashyam.
The India Gold & Jewellery Summit will cover topics such as value addition through jewellery manufacturing, merchandising and marketing and trends, among others.
World’s largest independent gemological institute's, user-friendly diamond identification card continues to garner positive reviews in the Indian Market.
Old Bridge Capital Management has bought 3.6% stake in Madurai-based jewellery retailer Thangamayil Jewellery, in a bulk deal data on the National Stock Exchange.
Ganjam, the heritage jewellery brand presents an exhibition for the ethereal KUMUDINI collection at their Mumbai store in The Taj Mahal Palace Heritage Wing.
The rough rubies were extracted by Montepuez Ruby Mining Limitada from the licence held by MRM in the Montepuez district of Mozambique.
As a part of their Diwali celebrations, The International
Gemological Institute, IGI India, declared open a contest 'Flaunt Your Stone. Share The Story' on October, 8, 2017.
‘India Gold & Jewellery Summit’ to be held on 1st & 2nd December, 2017 at Vigyan Bhawan, New Delhi.
Gold Bullion Association says outlook for upcoming wedding season looks great in terms of sales.
With delegates discussing about growth triggers in different aspects such as mining, creating demand, boosting consumer confidence and so on, the ICA Congress has shed light on the potential of coloured gemstone industry of India.
Jewellery worth Rs 12 crore was stolen from two manufacturing units in central Delhi's Karol Bagh.
Over 275 global members from 25 countries are to attend the biennial ICA Congress
Non-conducive climatic conditions along with GST & demonitization has put jewellers in Pune in a big low this Diwali.
In a move to ensure only quality gold is sold to customers, hallmarking will soon become compulsory.
The highlight of JYF’s Learn to Earn - II was Emerald Jeweller’s K.Srinivasan’s powerful & inspiring story of his success. With a rapt audience, the forum was certainly a welcome change and a good platform for knowledge sharing reports Vijetha Rangabashyam
Saffronart is organising an interdisciplinary conference, The Timeless Legacy of Indian Jewels, from 6 – 8 October 2017.
A singular exhibit of intricately designed 17th to 20th-century jewelry and ornate objects from India will debut on Oct. 13 at GIA’s headquarters in Carlsbad, California.
Models walked the ramp wearing resplendent jewellery of diamonds, emeralds and other precious stones and audience was reassured that India is and will continue to be a leader in handcrafted jewellery.
The crème de la crème of the television fraternity was present at the Emmy Awards earlier this week. Their stunning red carpet outfits were paired with even more stunning diamond and other precious stone jewellery. Here’s IJ’s top picks of some of the best jewellery pieces seen at the Emmy Red Carpet.
As promised, we are back with a few more awe-inspiring pieces that caught our attention at Couture India this year.
Deemed as the best show for fine/high jewellery in India, Couture India 2017 was certainly a treat for the eyes! Here is a short recap of some of the jewellery we loved.
The notice which was issued on 23rd August says that Jewellers with a turnover of Rs 2 Cr will be covered under the Prevention of Money Laundering Act 2002.
Gold prices eased by Rs 70 to Rs 29,350 per ten gram at the bullion market today owing to slackened demand from local jewellers and a weak trend overseas.
The Couture India Lookbook was unvielled yesterday at IIJS 2017 in the presence of emininent personalities from the industry.
The workshop to be held during IIJS 2017 will focus on how to gain higher profits by using best retailing practices.
The 2nd Common Facility Center for the gem & jewellery and diamond industry was inaugurated at Palanpur by Minister of State (IC) for Commerce & Industry Smt. Nirmala Sitharaman, and Minister of State for MSME Shri Haribhai Chaudhary on Monday.
Many Kerala-based jewellers have expressed their angst regarding Malabar Gold & Diamond’s decision of waiving GST for the customers.
Jewellery parks to be set up in Bengal and sops given to draw in more customers.
Implementation of GST on 1st of July has resulted in lacklustre business on Monday.
7th Edition of JJS-IJ Jewellers Choice Design Awards powered by GIA is all set to begin yet another edition of innovating designs that are sure to do the talking in the near future.
While jewellers are happy with the new GST implementation, many of them are desperately trying to get rid of old jewellery stock by giving good discounts on making charges.
You can be duped easily when you're buying gemstones. Be aware of check points before making the purchase, say experts.
While styles come and go, these jewellery pieces are here to stay according to industry experts.
Expecting better sales after the new uniform taxation regime GST, Malabar Gold & Diamonds has drawn up a Rs 2,000 crore expansion plan to open 80 more stores this financial year.
The Enforcement Directorate (ED) has attached Mehrasons Jewellers' bank deposits of Rs7 crore, the amount equivalent to the value of alleged assets stashed abroad, in connection with its probe into the Panama Papers case.
Indian jewellers show concern over their businesses as the rift between Qatar and u nations is still alive.
A three-day trade extravaganza of India's leading jewellers by UBM India in the City of Pearls.
Main accused interrogated in the case of killing of two jewellers earlier this month in Mathura.
Firoz Merchant promised to provide USD 130,790 a year to fund the air tickets for released prisoners, to help them go back to their country and reunite with their families.
Exquisitely crafted platinum jewellery is truly a red carpet favorite at Cannes this year.
From Rihanna to Julianne Moore, celebrities dazzled in beautiful jewellery from high jewellery atelier Chopard.
38 Indian Manufacturers to exhibit their products to 70 international buyers from SAARC and Middle East region.
“Labham” – an educational seminar on compliance & best business practices for the gems & jewellery trade to be organized by GJF today in Mumbai.
Swarovski Zirconia Galleria shines a spotlight on key trends
GJF COA installation ceremony was graced by Ajay Sancheti, Hon. Member of Parliament (Rajya Sabha) and Dr. Vedprakash Mishra.
Income tax for small companies with an annual turnover of Rs 50 crore, now to pay 25%, a 5% reduction; 96% Indian companies will get benefit of MSME tax cut.
The second edition of Couture India will be held from 9th to 11th September 2017 at Taj Palace in New Delhi.
16 Indian Exhibitors across categories including jewellery, loose stones and machinery
The Indian gems and jewellery industry is hoping that the forthcoming budget would be more industryfriendly,which would lead to further growth of the industry. Kavita Parab spoke to few industry playersto know their views on the forthcoming budget.
This was GJF’s first ever election; all eligible members of GJF were given an opportunity to contest and cast their vote
4th edition of IGJME to exhibit the latest in gem and jewellery technology at the same time
The winners of the JJS-IJ Jewellers Choice Design Awards 2016 announced in the gala award evening...
Gems and jewellery industry has been worst hit due to the demonetization
The Jewels Talk was another initiative by GJSCI where students got to learn about the Gems and Jewellery sector from the professionals, which will help the future guns to cop up the hurdles and master in this sector.