Monday 29 February 2016

AOJ Flash News‬:

IBJA calls for nationwide bandh from 1st March 2016 onwards for Gem and Jewellery sector in response to levying of excise on jewellery in the union budget.


AOJFlashNews‬ : IBJA releases two Books 1919 to 2012 & 1050 days.

IBJA releases two Books 1919 to 2012 & 1050 days


Budget Reactions : Excise duty should be rolled back - Fatehchand Ranka

Budget Reactions : Excise duty should be rolled back - Fatehchand Ranka

Budget Reactions : Budget is driving away the artisans - Bachhraj Bamalwa

Budget Reactions : Budget is driving away the artisans - Bachhraj Bamalwa


US precious-metals trade probe shifts from antitrust to fraud

The US Justice Department closed antitrust investigations of at least three banks into possible manipulation of precious-metals markets, according to people familiar with the matter, though its fraud investigation into the conduct continues.The department’s antitrust division has closed Read More

US jewellery, watch sales rise for ninth month in a row

U.S. jewellery and watch sales from all retail outlets increased 6.3 per cent year on year to an estimated US $4.65 billion in January, with both categories enjoying nine successive months of growth. Read More

Prospects of gold hitting Rs 31K per 10 gram fade after strong US data

Chances of gold testing Rs 31,000 per 10 gm in a month receded on Friday as US reported faster than estimated economic growth in the fourth quarter, and as personal income and spending both rose in January. This sparked market concerns of the US Federal Reserve continuing to raise interest rates this year after doing so for the first time in a decade in december. Read More

Vedanta bags India's first gold mine auction

Vedanta Ltd has won India's first-ever auction of a gold mine, a provincial government official said, as the nation opens up the sector to private companies to curb overseas purchases of the metal that cost it $36 billion last year.Read More

India gold futures jump as govt keeps import duty intact

Gold prices in India, the world's second biggest consumer, jumped 1.4 percent on Monday after Finance Minister Arun Jaitley surprised the market by maintaining the import duty at a record level in the budget.Read More

Budget disappoints jewellery sector, 1% excise duty levied

Finance Minister Arun Jaitley in the Union Budget 2016 has proposed to levy 1 per cent excise duty on jewellery. Gem and Jewellery fraternity is extremely upset with the budget calling it totally unacceptable. IBJA have decided to make a presentation to the ministry to roll back the excise duty on jewellery. Read More

Budget Reactions : Negative impact on business - Vijay Khanna

Budget Reactions : Negative impact on business - Vijay Khanna

Budget Reactions : Bringing ‘Inspector Raj’ back - G V Sreedhar

Budget Reactions : Bringing ‘Inspector Raj’ back - G V Sreedhar

Budget Reactions : Excise duty - Unacceptable move - Anantha Padmanaban

Budget Reactions : Excise duty - Unacceptable move - Anantha Padmanaban

Budget Reactions : Disappointing Budget - Mohit Kamboj

Budget Reactions : Disappointing Budget - Mohit Kamboj

Sunday 28 February 2016

AOJ Live Budget Updates : Impact on Gem & Jewellery Sector

  • 1% excise duty levied on Gold & Diamond Jewellery.
  • TCS on sale of 2 lakh and above also introduced.
  • No change in Gold Import Duty.
 

Friday 26 February 2016

Reader’s Response :

I am a regular reader oh The ART of Jewellery daily e-newsletter and I find it very informative. It keeps us updated of all the national and international news and events of jewellery industry.

Vijay Garg
Laxmi  jewellers
Kolkata

Reader’s Response :

I really loved your article on “Valentine Day”. Information related to Valentine Day jewellery was really helpful.

Reena Surana,  
Rajasthan

Reader’s Response

I  liked you cover story “Bajirao Mastani Jewellery- Conquering Millions of Hearts” . We are pleased with the article and whole issue was fabulous.


Piyush Gupta
Gupta Jewellers, Alwar
 

AOJ Flash News‬

Ahead of Union Budget, The Economic Survey for 2015-16 has hinted at higher taxes on gold and jewellery sector. Speculation of hike in import duty and re-imposition of excise duty on jewellery manufacturing sparks worry in the trade. Now all eyes on FM's Budget speech on 29th Feb.


Prince jewellery opens its new showroom in Velachery, Chennai

Prince Jewellery opens its new showroom at Velachery today. This is third outlet for Prince Jewellery in Chennai. Extended across 6000 sq.ft, the showroom is situated in one of the prime and busiest locations in the city on 100 ft Bypass Road....Read More

AOJ Exclusive: Jewellers expect FM to keep the gold import duty unchanged

In the upcoming budget which is on 29th Feb, 2106 jewellers are expecting FM to keep the gold import duty unchanged. AOJ conducted opinion poll with nearly 650 jewellers (retailers and manufacturers across India)...Read More 

China plans to launch yuan-denominated gold fix on April 19

China plans to launch its new yuan-denominated gold pricing fix on April 19 this yearThe launch date has been officially settled and draft trading rules have been sent out to those banks that will be involved in the Shanghai fixing, FastMarkets understands....Read More

PC Jeweller to open its new showroom at Udaipur in Rajasthan

PC Jeweller is in process to open its 60th showroom at Plot No. 20, Residenacy road, Udaipur (Rajasthan) on February 28, 2016. The showroom is spread across a total area of 2,008 square feet....Read More