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 may accept GJEPC’s plea to reduce import duty on gold from 10% to 2%

21 february 2014

The Gems & Jewellery Export Promotion Council (GJEPC) has once again submitted its plea to the Indian government, towards revision of the import duty; and is extremely optimistic of the Government accepting it keeping the objective of increase in exports in consideration.
The import duty on gold bullion has been increased from Rs.300 per 10gms to 10% in stages. According to Vipul Shah, Chairman, GJEPC,” Since the imposition of 80:20 scheme, the desired level in the import of gold has now been achieved.  So the import duty should be rolled back to much lower rate, say 2%. At present the 10% duty makes the ‘smuggling’ economically viable. Also, smuggling of gold is dangerous to the overall export business and reputation of the Indian sector as per Responsible Gold and Dodd Frank Act. If the import duty is reduced, transaction cost of exports will reduce, and the exporter need not block his fund of as high as 10%.”

Aruna Gaitonde, Rough&Polished correspondent in India