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 to extend incentives for jewellery sector under "Make in India" scheme

02 november 2015
In order to review the ‘Make in India’ initiatives for the gem and jewellery sector, the Ministry of Commerce and Industry, Government of India will be hosting a meeting on November 3, 2015, at Udyog Bhawan, New Delhi, under the chairmanship of Manoj Dwivedi, joint secretary, Department of Commerce. The Government is expected to extend the incentives under this scheme for the industry.
The likely benefits of the scheme are diversified into short term and medium term initiatives.
The short term initiatives for a period of one year would include establishment of Special Notified Zones (SNZ) for sale of rough diamonds by mining companies; reduction of net profit rates under Benign Assessment Procedure (BAP) for diamond industry from 6 per cent to 2.5 per cent; reductions in import duty on gold from 10 per cent to 2 per cent, for silver from 10 per cent to 2 per cent, for cut and polished coloured gemstones from 2.5 per cent to 0 per cent, and for processed pearls from 10 per cent to 2.5 per cent; and comprehensive gold policy which includes mining gold metal loans and recycling.
Medium term initiatives for the period of three years would include provision for duty imports of capital goods and consumables; exploring the possibility of e-commerce and movement of jewellery seamlessly across the country through tax reforms (paving way for the special GST); and the provision of conducive financing environment to boost the growth of jewellery manufacturing industry.

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