Tuesday 28 February 2017

#AOJQuote of the day 1st March 2017:

 " Proud moment for Amrapali Jewels to be part of the reception given at Buckingham Palace by The Queen and The Duke of dinburgh to mark the official start of UK- India year of culture." - Rajiv Arora, Co-Founder, Amparpali Jewels, Jaipur .

The Art of Jewellery latest Issue Released... Get your copy today http://goo.gl/dU7cnw

#AOJDailyeNews GST to be implemented from July 1, 2017; all states on board: Shaktikanta Das

Goods and Services Tax (GST) will be implemented from July 1, 2017, Economic Affairs Secretary Shaktikanta Das said. Das said that GST will be a reality soon as all states were on board. The GST, which will replace a myriad of consumption taxes, could be a “game changer” over the medium term as it would reduce tax cascading and boost India’s competitiveness, investment and job creation. Read More

#AOJDailyeNews Rapaport Investment Diamond Certificate sets new industry standard for diamond quality

 The Rapaport Group is pleased to announce the launch of the Rapaport Investment Diamond Certificate on February 28, 2017 at Booth 2-U10 at the Hong Kong International Diamond, Gem and Pearl Show. Read More 
The seventh tranche of sovereign gold bond is expected to receive good response as the money deposited in banks during the demonetisation drive is likely to be pumped into this scheme, reckon marketmen and analysts. Read More 

#AOJDailyeNews Gold bulls bet on uncertainty over US stimulus

Gold’s almost 10 per cent advance this year will be in jeopardy should US president Donald Trump’s key address to Congress on Tuesday reignite the dollar rally and prospect for higher interest rates.

#AOJDailyeNews Platinum jewellery sparkles at the 89th Annual Academy Awards

The world’s most elegant and notable celebrities sparkled in platinum jewellery at the “89th Annual Academy Awards” and related parties this evening. Large diamond stud earrings, cuff bracelets, and cocktail rings were the top platinum jewellery trends on the red carpet. read more

Monday 27 February 2017

#AOJQuote of the day 28th February 2017

: “The Rapaport Investment Diamond Certificate identifies the best diamonds in the market while providing the trade, investors and consumers with the highest level of confidence in quality. It will enhance the ability to trade diamonds electronically and enable new highly liquid and efficient investment diamond markets.” - Martin Rapaport, Chairman, Rapaport Group

#AOJQuote of the day 28th February 2017:

"Innovations and the development of the gold market have been constantly boosting demand." -
Wang Lixin, General Manager, WGC- China

Gold Price Prediction -O-Meter on #Akshaya Tritiya

#AOJQuote of the day 27th February 2017:

 “In the next few years, innovation and technology are set to transform the world of precious metals.”- Barry Canham, Head-Precious Metals Division, INTL FCStone Inc

#AOJQuote of the day 27th February 2017:

While we welcome GST we request the GST Council to kindly recognize the practical issues faced by the sector as highlighted in the High Level Committee Report (HLC) before making any decisions.” - Sankar Sen, Regional Chairman - East , GJF

#AOJDailyeNews Nakshatra Diamond Jewellery ropes in bollywood actor Kangana Ranaut as its brand ambassador

 India’s iconic diamond jewellery brand and amongst the “TOP 50 LUXURY BRANDS” in the world (As per Deloitte Global Powers of Luxury Goods 2016 Report),  Read More 

#AOJDailyeNews GJSCI announces the winners of Design Revive Contest

Gem & Jewellery Skill Council of India (GJSCI) announced winners of Design Revive Contest 2017 during the 3rd edition of Jewel Talks, an interactive knowledge forum, in Mumbai’s on 23rd February 2017. Read More 

#AOJDailyeNews India gold hits 4-month high on firm global cues

 At this time of the month I always look out for Nick Laird’s excellent bar chart of Swiss gold exports from www.goldchartsrus.com, as this gives us an excellent idea of where gold is flowing.  To recap on previous articles on this subject Read More

#AOJDailyeNews With Sebi onboard, stage set for spot exchange for gold

 The much talked about exchange for spot trading in gold might be allowed soon after market participants found a way out in a closed-door meeting late this week.

Read More 

#AOJDailyeNews Gemfields sales dented by India liquidity slump

 Gemfields’ half-year revenue plummeted 46 per cent as the company deferred an auction of higher-quality rough emeralds due to tighter liquidity in India. 

#AOJDailyeNews GJF and industry delegates submits GST representation to the Bihar FM Abdul Bari Siddiqui

 GJF East Zonal Chairman Sankar Sen, Immediate Past Chairman G V Sreedhar, Director - Manoj Jha, Zonal Committee Member Srimal Dholakia and office bearers of Patliputra Sarafa Association Binod Kumar and Bharat Mehta met Honourable Finance Minister of Bihar Abdul Bari Siddiqui ji and Commercial Tax Minister Bijendra Prasad Yadav ji and submitted the representation on GST. 

Friday 24 February 2017

Reader’s Response: Your guide to export

                                                                  Small export orders now possible

The Indian gem and jewellery has a huge demand overseas. Jewellery aficionados all over the world are fond of jewellery made in India. Today, even small orders can be exported with ease. Thus, if anyone wants to get into jewellery exports, s/he can start with small shipments to get the hang of
export procedures and later, expand their business.

Vishnu Agarwal
Director, Mangal Gems, Jaipur

Reader’s Response: Your guide to export

                                              Export process made simpler

Thank you for explaining the jewellery export process in a very simplified manner. People are afraid to get into exports mainly because they are unaware of certain facts and think that it is an expensive proposition. On the contrary, exports can give huge benefits, provided that all the procedures and
norms are followed properly.

Hitesh Ranpara
Proprietor, PJ Jewels, Rajkot

Reader’s Response: Your guide to export

                                                              Benefits abound!

I find your special report 'your guide to jewellery export' interesting and informative. It is true that in these tough times, jewellery exports are providing a ray of hope for jewellers. There are huge  opportunities waiting for Indian manufacturers and sellers abroad. Getting into jewellery exports is

Ramesh Jain
Director, Kanakratna Exim Pvt Ltd,

#AOJ Gold Price Contest . Predict the gold price on Akshaya Tritiya 2017 and Win 10gms of Gold Coin .

#AOJDailyeNews Tiffany to get three new independent directors

Tiffany & Co. is set to induct three new independent directors on its Board pursuant to an agreement between it and JANA Partners LLC. Read More 

#AOJDailyeNews London Metal Exchange cuts deal with banks to propel gold futures

The London Metal Exchange has reached a 50:50 revenue-sharing deal with a company founded by a group of banks to promote trade in its new gold futures contracts, sources said, aiming to overcome market scepticism surrounding their launch in June. Read More 

#AOJDailyeNews Twin Hong Kong mega shows to open next week with 4,480 Exhibitors

Hong Kong will play host to two related shows during the coming week – the 4th HKTDC Hong Kong International Diamond, Gem & Pearl Show which runs from Feb 28.  Read More 

#AOJDailyeNews De Beers foresees pleasingly normal 2017

De Beers offered few surprises in its 2016 earnings, which were published on Tuesday and reflected what chief executive officer Bruce Cleaver called a “very pleasing year.” Granted, growth was compared to the weak performance of 2015

#AOJDailyeNews Multi Commodity Exchange of India Limited (MCX) signs MoU with Singapore Diamond Investment Exchange (SDiX)

Multi Commodity Exchange of India Limited (MCX) and Singapore Diamond Investment Exchange (SDiX) signed a Memorandum of Understanding (MoU) recently for establishing areas of cooperation between the two exchanges. 

#AOJDailyeNews Fourth series of Sovereign Gold Bonds to begin from Feb 27th

The Centre has decided to come out with the fourth series of Sovereign Gold Bonds 2016-17, which the Reserve Bank of India will issue on its behalf. Read More 

Thursday 23 February 2017

#AOJQuote of the day 24th February 2017:

“Diamond markets are in recovery mode with improving US and Chinese demand. However, increased rough supply and tight profitability in the manufacturing and wholesale segments are of concern.”- Ezi Rapaport, Director of Global Trading, Rapaport Group

#AOJQuote of the day 24th February 2017:

“Situation has improved since November, when demonetisation was announced. Smaller units in Surat and Saurashtra, which deal only in cash, are opening up. This has resulted in demand for rough diamonds going up and prices moving up by 2%.” - 
Dinesh Navadia, President, Surat Diamond Association (SDA)

#AOJDailyeNews Israeli Diamond pavilion at Hong Kong March to host 83 companies

The Israeli Diamond Industry is again preparing a major presence at HKTDC’s Hong Kong International Diamond, Gem & Pearl Show this March.Read More

#AOJDailyeNews Malabar Gold lines up Rs 1000 crore for expansion, mainly overseas

 The country's largest gold and diamond jewellery retailer Malabar Group is planning to invest around Rs 1,000 crore for expansion, mostly overseas, this year to take its store counts to 200 by December. Read More

#AOJDailyeNews Alrosa President Andrey Zharkov to step down

Andrey Zharkov will resign as president of ALROSA, a source close to the Russian diamond miner said. READ MORE 

#AOJDailyeNews Indian jewellery market will reach $100bn soon , online market share expected 1%-2%

 Not many e-commerce startups are out there in the jewellery domain, but some of them which are there in the sector have really carved out a niche for themselves. BlueStone, Caratlane, Radiant Bay, Kuber Box and a few more have proved to the biggest players in the game. Read More

#AOJDailyeNews India’s diamond trade bounces back

Diamond trading in India improved in January, according to official data, as the country’s manufacturing sector continues to recover from a liquidity squeeze in the final months of last year. Read More 

#AOJDailyeNews Jewellers seek govt support post-demonetisation to stabilise biz

 Jewellery sector is yet to recover from demonetisation blues. Jewellery store owners are still waiting to see customers, even after three months of demonetisation. Read More

#AOJQuote of the day 23rd February 2017:

 “Gold has clearly become much less attractive in this environment of rising yields, a stronger dollar and expectations of higher growth, increased spending, and rising inflation. More recently, these businesses have started shifting to electronic bank payments, easing the pressure on the sector.”- Robin Bhar, Head-Metals Research, Societe Generale

#AOJQuote of the day 23rd February 2017:

 “Rough demand slumped toward the end of 2016 following the government’s decision in November to invalidate high-value currency. The decision mostly impacted small and medium-size factories that usually pay workers in cash.” - Sabyasachi Ray, Executive Director, GJEPC

Wednesday 22 February 2017

#AOJDailyeNews Swarovski hosts Webinar on Gem Vision 2018

The presentation  by Roza Topolnica, Head- Creative and Retail Marketing Swarvoski Gemstones.

#AOJNewsUpdates Swarovski hosts Webinar on Gem Vision 2018

The presentation by Roza Topolnica, Head- Creative and Retail Marketing Swarvoski Gemstones spoke about International Trend & Design experts have identified three major design directions, Naturalia, Mirabilia & Artificialia that are pervading the cultural consciousness. The Gemvision throws open the doors to a Wunderkammer of delights, ideas, themes and inspiration

#AOJDailyeNews Black money in diamond trade, I-T radar on jewellers

 The income-tax department has busted a network involved in sale and purchase of diamonds with black money, giving sleepless nights to jewellers of Ludhiana.For, a significant number of deals involve Ludhiana jewellers and middlemen.  Read More 

#AOJDailyeNews Kerala jewellers taking interest in Real Estate business

 While industry watchers say jewellery groups in the state first ventured into real estate about seven years ago, the trend has only grown more visible than ever before with more customers and increased marketing. Read More 

#AOJDailyeNews Telangana chief minister K Chandrasekhar Rao to offer Rs 5 crore worth jewellery at Tirumala

 The AP government is rolling out a red carpet for Telangana chief minister K Chandrasekhar Rao who is coming down to Tirumala on Tuesday on a thanksgiving visit to the temple town. Read More 

#AOJDailyeNews Martin Rapaport’s statement on President Trump’s Trade Policy

President Trump's trade policy is based on his principles of “America First” and “Reciprocity.” The big idea is that U.S. purchasing power is valuable and the US should get something for it. America must use its market power to ensure fair reciprocal benefits from trade partners. Those who do not reciprocate should not be given free access to our markets. Read More

#AOJDailyeNews India's gold jewellery exports tumbled 24% in Jan '17

The Indian gold jewellery exports dropped significantly by more than 24% year-on-year to $397.71 million (Rs. 2,707.58 Crore) in January 2017. Also, the country’s silver jewellery exports. Read More 

#AOJDailyeNews As notes return, gold buyers go back to cash

Cash sales of gold are fast replacing digital transactions because of higher availability of currency and fear that electronic sales would be scanned by the tax authorities, trade and industry executives said.  Read More 

#AOJQuote of the day 22nd February 2017

“Cash transactions have definitely increased as the cash flow has improved in the system. Post demonetisation, we had seen people opting for digital and banking transactions to buy gold. But now, nearly 40%-45% of the sales are happening in cash.” -

 Nitin Khandelwal, Chairman, GJF

Tuesday 21 February 2017

#AOJQuote of the day 22nd February 2017:

"President Trump's trade policy is based on his principles of “America First” and “Reciprocity.” The big idea is that U.S. purchasing power is valuable and the U.S. should get something for it. America must use its market power to ensure fair reciprocal benefits from trade partners. Those who do not reciprocate, should not be given free access to our markets."-
Martin Rapaport, Chairman,Rapaport Group

#AOJQuote of the day 21st February 2017:

 ‘‘Govt’s new rule of one per cent TCS on purchase of Rs 2 lakh and more in cash for jewellery is uncalled for and not practical, since already there is a PAN card compulsory rule for purchase of Rs 2 lakh & above.” G V Sreedhar, Immediate Past Chairman, GJF

#AOJQuote of the day 21st February 2017

 ''We request the govt to remove the service charges of 1.25% on debit card and 2 per cent on credit card as due to these charges we are losing crore of rupees. With removal of service charges on card transactions, we can support the dream of Digital India in a much better way.” - Jaya Acharya G, Chairman, Karnataka State Jewellers Federation (KJF)

Jewellers Youth Premier League (JYPL) trophy unveiled; Match slated from 23-24 Feb, 2017 at Wilson Gymkhana in Mumbai

The Jewellery Youth Forum (JYF) has successfully held the inauguration ceremony of Jewellers Youth Premier League (JYPL) on February 21, 2017 in Mumbai. The matches will be played on 23-24 Feb, 2017 at Wilson Gymkhana in Mumbai. JYPL is a 2 day and night cricket tournament of wholesalers and manufacturers of gold and diamond jewellery and colour gemstones from Zaveri Bazar and surrounding areas.Read More

#AOJDailyeNews Euro to collapse, people rush to buy gold as trust in single currency disappears

And revered economist Alan Greenspan says it's time the European Central Bank (ECB) came clean about the state of the economy as the bank's chief Mario Draghi scrambles to save the flailing institution. Read More