#AOJDailyeNews Over 4 tons of illegal gold sales detected post demonetisation

More than four tons of gold worth over Rs 1,250 crore was sold within 48 hours of the November 8 announcement that two high value denominations would be demonetised, according to a survey conducted by the Directorate General of Central Excise Intelligence (DGCEI).  Read More

#AOJDailyeNews Joy Alukkas slapped with central excise duty notice worth 16 crore

Directorate General of Central Excise Intelligence (DGCEI)  raided India's largest gold jewellery chain, the Thrissur-based Joyalukkas, and found that the company had sold more than 5.7 tonnes of gold jewellery Read More

#AOJDailyeNews Diamond prices decline amid India liquidity crisis

Polished diamond prices softened in December as Indian liquidity dried up due to the government’s demonetization policy eliminating 500 and 1,000 rupee notes. Trading slowed with dealers taking vacation during the holiday period. Read More

#AOJDailyeNews Gold imports hit 13-year low

With the government giving a push to digital transactions following demonetisation and discouraging the purchase of assets using cash, some trends expected to change the gold business have been identified. Read More

#AOJDailyeNews De Beers abandons diamond exploration project in Canada’s Athabasca Basin

De Beers has abandoned its diamond exploration endeavours at the Western Athabasca Basin in Saskatchewan, Canada, and has announced it will return the site to CanAlaska’s control. Read More

#AOJDailyeNews London’s jewellery trade under threat from rising costs, Brexit issues

London’s world famous Hatton Garden jewellery area could become a thing of the past as a result of soaring business rates, rent rises and the consequences of the UK's Brexit vote. Read More