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 government constitutes Sub-Committee on Excise, extends registration deadline to July 1

26 april 2016

On April 23 the Ministry of Finance, Government of India formally announced the constitution of the sub-committee of the high level committee to look into issues related to the imposition of Central Excise duty on jewellery. It simultaneously also deferred the date for completion of registration of jewellers with the Central Excise department till July 1, 2016, reports gjepc.org.
The circular from the ministry announced that Dr. Ashok Lahiri, Chairman, Gautam Ray, Member, Rohan Shah, Legal expert, Manoj Kumar Dwivedi, Joint Secretary [Department of Commerce] and Alok Shukla, Joint Secretary, Department of Revenue will be members of the committee.
The circular added that the names of the trade representatives in the Sub-Committee would be decided in consultation with Dr. Ashok Lahiri.
The government reiterated that the terms of reference of the Sub-Committee will include issues related to compliance procedure for the excise duty, including records to be maintained, operating procedures and any other issues that may be relevant. All associations will be given an opportunity to submit representation before the Sub-Committee in writing and the all-India associations to state their case in person.
The Gem & Jewellery Export Promotion Council (GJEPC), in a letter circulated to all its members along with the official circular, has said that it is preparing its representation to be submitted to the High Level Committee for the simplification of the Excise procedures and has requested them to send in suggestions to the Council.

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