Friday 30 December 2016

#Reader’sResponse: Demonetisation: A huge setback for the jewellery industry

                                           A chance to make the trade transparent

With demonetisation, everything will be evaluated and legalised and thus there will be demand in hallmarking,
certification and valuation of jewellery. This will increase credibility of precious colour stones. We observed a drop in sales volume initially, but I am sure the volumes will eventually pick up once things have settled down. Any new change takes time and a national one like this will definitely show its positive impact on our country in the future.

Dharamchand Jain
Supreme Gems and Art International

#Reader’sResponse: Demonetisation: A huge setback for the jewellery industry

                                                 Disruptions over ban temporary

I enjoyed reading the 'Story of the Month' on the demonetisation drive and agree with many of the comments about its impact on GJ industry. Gold and diamond jewellery demand has shrunk majorly due to demonetisation but we expect consumer getting accustomed to the changes in near future that will eventually revive the industry. Karigars too just like every citizen is suffering from the current crunch in cash flow. The ones who work with us are receiving their wages through account transfer as usual. But as new orders
are not expected any time soon, their workflow will be eventually impacted.

Aditya Pethe
Director, WHP Jewellers, Mumbai

#Reader’sResponse: Demonetisation: A huge setback for the jewellery industry

                                                    Cleaning system from black money

The demonetisation is not only affecting the gems and jewellery industry, also common people too. But at the end of the day there aim is to wash the stock of ‘black money, out of the economy and get it into the licit, banked and taxable, part of the economy.

Shillpa Purii
Shillpa Purii Designer Jewellery

#AOJDailyeNews GJF successfully conducts its 1st ever election, Results announced

All India Gems and Jewellery Trade Federation (GJF) successfully conducts its 1st ever election   for Committee of Administration (COA) and the results were announced today  at Mumbai. READ MORE

#AOJDailyeNews Amazon sells 10,451 carats of diamonds during holiday season

:   It’s been a season of bling: according to multiple news sources, Amazon sold 10,451 carats of diamonds this holiday season and 2.5 million watches Read More

Release of Jewels of South India , exclusive coffee table book on the achievers from South India.Entry by invitation only

Shanghai Gold Exchange cuts transaction size to limit price moves

Shanghai Gold Exchange, the world's biggest physical bullion exchange, said on Wednesday it will curb the amount of gold investors can trade at one time, a move analysts said would limit institutional investors' influence on prices. Read More

#AOJDailyeNews Trump Effect: Diamond trade optimistic for 2017

As 2016 draws to a close, Rapaport News took the opportunity to speak with leading industry experts about the past year and their expectations for the next 12 months READ MORE

#AOJDailyeNews Gold up, set to halt three-year losing streak

A weaker dollar helped gold extend gains into the final trading session of the year on Friday, leaving it on track to mark its first annual gain in four years. Spot gold hit its highest in more than two weeks and was up 0.3 per cent Read More