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

No takers for GHB even after a decade

30 june 2014

The Gujarat Hira Bourse (GHB) in Surat was allotted one million square metres of land in Ichhapore by Narendra Modi, then Chief Minister of Gujarat State for developing gems and Jewellery Park. But even after a decade, the gems and Jewellery Park is yet to become operational, as reported in TOI.
In the Year 2004, about 350 big and small diamond companies into jewellery manufacturing and diamond polishing - from Mumbai and Surat - had bought plots at rates prevailing at that time to set up manufacturing units in the special economic zone (SEZ). The park was expected to become operational in three to four years. However, it ran into one delay after another and the GHB has so far spent close to Rs 200 crore on the project. Only the basic infrastructure at the park is now in place, and seven units are currently under construction.
Two years ago, the GHB had applied for de-notification of SEZ status of the park after the Central government withdrew the tax benefits and other incentives. The members at Jewellery Park in Ichhapore had purchased land at Rs 3,500 per square metre in 2004. Now the land price has shot up to Rs 7,500 to Rs 8,000 per square metre and only seven units are likely to come up.
The GHB office-bearers, however, seem to be committed to developing the jewellery park in the next 2 to 3 years. Praveen Nanavaty, joint secretary-GHB said that about 70 per cent of the gems and Jewellery Park was reserved for SEZ units. Had the then UPA government not withdrawn the tax incentives and other benefits in the SEZ, the park would have been operational three years ago. Now, once the park is de-notified, the space will be made available for non-export oriented units as well.

Aruna Gaitonde, Rough&Polished correspondent in India