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Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

India bans export of gold jewellery, medallion and coins above 22 cts

17 august 2017
In an amendment in the Foreign Trade Policy-2015-20, the Government of India has banned the export of Gold Jewellery (plain and studded), Medallions & Coins of above 22k from DTA and Export Oriented Unit (EOU) Scheme, Electronics Hardware Technology Park (EHTP) Scheme, Software Technology Park (STP) Scheme or Bio-Technology Park (BTP) units.
According to the Foreign Trade Policy, gold jewellery, including partly processed jewellery and articles including medallions and coins (excluding legal tender coins), whether plain or studded containing gold of 8 cts and above up to a maximum limit of 22 cts may still be exported.
An EOU unit may export all kinds of goods and services except a few items that are prohibited. However, export of gold jewellery, including partly processed jewellery, whether plain of studded and articles, containing gold of 8 carats and above up to a maximum limit of 22 carats only shall be permitted.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished

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