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

GJC seeks cut in gold import duty to 4% to eradicate grey market

27 june 2019

With the Union Budget for 2019-20 set for July, the Indian gems and jewellery sector has unanimously sought reduction of gold import duty to 4 percent to check smuggling of gold into the country, according to media reports.
In a representation, the All India Gem and Jewellery Domestic Council (GJC) said the 10 percent import duty on gold was levied to curb current account deficit (CAD), which has now narrowed to 2.5 percent of GDP in 2019.
GJC Chairman Anantha Padmanabhan is reported to have told PTI : "We want the government to reduce the import duty to 4 percent which will help in completely eradicating the grey market.”
The industry is also seeking to waive off the bank commission or reduce it to 0.20 per cent, to boost digital transactions in the industry. The jewellers further sought relief from capital gain tax to help the industry to move towards organised and compliant business practices.

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