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

Indian domestic jewellers seek hike in PAN quote limit from government

20 january 2016
The Indian gems and jewellery industry sought special turnover tax regime for diamond industry, interest subvention to boost exports and PAN card (Permanent Account Number) requirement for transactions of above $7415 instead of currently $2966 in its submitted to the Finance Ministry.
During a meeting with Finance Minister Arun Jaitley ahead of the budget, two industry bodies, All India Gems & Jewellery Trade Federation (GJF) Gems and Jewellery Export Promotion Council (GJEPC) sought measures for ease of doing business, including raising the issue of PAN card requirement for transaction.
"From January 1, quoting PAN card has been made must for transaction of jewellery over $ 2966. This is hurting the domestic industry a lot. So, we have demanded the government to make PAN card mandatory for transaction over $ 7415 instead of $2966," said G V Sreedhar, Chairman GJF. Because of the PAN card requirement, local jewellery industry has lost business by 25-30 per cent in the last 15 days, he said, adding that if this continues, the industry will be affected badly.

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