With the import duty on gold being raised, it is quite evident that the government has some concerns. Keeping this mind in consideration the GJF has suggested solutions to the government to constrict Current Account Deficit.
The Richline Group, owned by Warren Buffet's Berkshire Hathaway welcomed Andin International, to its portfolio. Headquartered in New York, Andin International indulges in manufacture and supply of coloured-stone and diamond fashion fine jewellery. It was founded in 1981 by Ofer and Aya Azrielant, and has grown into becoming a market leader in the jewellery sector with concepts like Millenium Heart, Jewelry.com and the "Hope" Collection.%% According to the development, Ofer Azrielant, the owner and chief executive officer of Andin, will be responsible to the Richline's Gem Group as its executive vice-president. The deal is believed to benefit the Andin customers, assuring them of security and better deliverables courtesy its backing of Berkshire Hathaway.
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