GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

IBJA proposes to set up 1,000 centres for promoting government’s ‘gold monetisation scheme’

19 january 2016
The Indian Bullion and Jewellers Association (IBJA) says it plans a big boost to the gold monetisation scheme announced by the prime minister before Diwali.
Mohit Kamboj of the IBJA, said: “We propose to set up 1,000 centres for promoting gold monetisation, using our member-jeweller network. These will on-the-spot assay the purity of the gold consumers want to deposit and also accept gold.”  IBJA awaiting government approval for this, he said.
Kamboj says bullion dealers, jewellers and customers must learn to live with on-record transactions. “All government policies are now trying to bring off-market transactions on record. It is our duty to follow that, rather than trying to find fault and promote a parallel economy,” he said.
In this context, he also favoured a reduction in the limit set for providing a PAN (income tax identity) number for jewellery buying, effective January.
Says Kamboj: “The Permanent Account Number (PAN) number provision is applicable even medical services and consumers must accept it.”
According to Kamboj, gold demand in India never fell despite a 10 per cent import duty and it won't be affected with the revised PAN. “An economy growing without a parallel (without black money) is good for future generations,” he said.
IBJA has recommended to the finance ministry to cut the import duty on gold.

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