Lab-grown diamond jewellery sales to breach the 10% mark for the first time this year – Zimnisky

The supply and demand for man-made diamonds had been on an increase in recent years, much to the discomfort of the natural diamonds industry. Some companies in the mid-stream segment of the natural diamond industry are now involved in the lab-grown business...

28 november 2022

Diamond mining and diamond synthesis: Which is more efficient?

Vladislav Zhdanov - Professor at the National Research University Higher School of Economics and former Vice President of ALROSA (2015-2018). He is a physicist by profession. Vladislav Zhdanov was educated at the Ural Federal University (General...

21 november 2022

The success of TAGS over the past 5 years has encouraged many large tender houses to establish regular and sizeable tender operations in Dubai

Mike Aggett is an experienced Private Consultant with a demonstrated history of working in the mining and metals industry. Skilled in Luxury Goods, Business Planning, Sales, Gemology, and Jewelry, Mike is a professional who graduated from Dover College...

14 november 2022

It all starts with stones - it is they that give impetus, determine the image and embodiment

Maxim Selikhov is the founder of the SelikhoV Diamonds brand launched in 2006, and the company manufactures unique handmade jewellery with rare high-quality gemstones. He is also known as a collector of unique and large-size jewellery stones who considers...

07 november 2022

‘Our technologies – CVD machines and growing technology – are game changers’, asserts Arnaud Flambeau, Executive Chairman, 2DOT4 Diamonds LLC

Arnaud Flambeau is the Executive Chairman of ‘2DOT4 Diamonds LLC’, Dubai, a fully integrated lab-grown diamonds company. The Company provides rough 'as grown' diamonds, in-house polished IGI certified loose polished diamonds and high-quality...

31 october 2022

Gold may lose sheen on GOI’s plans to hike bullion GST rates

29 november 2021
The Government of India’s (GOI) proposal to hike GST on gold jewellery to 5 per cent from 3 per cent is set to derail the industry, according to India’s industry members. 
The Gem & Jewellery industry is currently returning to its former status after being disrupted by Covid-induced lockdowns, retailers shutting down and mandatory hallmarking.
India’s jewellery demand in the September quarter was up 58 per cent to 96 tonnes buoyed by lower prices and pent-up purchases, as per the World Gold Council data.
Jewellers were well prepared for a sudden spike in demand as gold imports in the last three quarters of this year was much higher at 691 tonnes compared to the demand of 360 tonnes recorded in the same period last year. 
The proposed move to hike the GST rate, if implemented, will make gold more expensive. Also, the move will definitely encourage unorganised gold trade and impact organised retailers who follow government norms to the core, according to most jewellers.
Jewellers fear the move will encourage black marketing and smuggling of the yellow metal.

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