Anmol Jewellers share their passion for Diamonds and Design among the Indian Television Industry with ‘Divas for Design’

Events & Awards July 2014Anmol Jewellers collaborated with Tellychakkar.com for ‘Anmol Jewellers Divas for Design’ workshop where they educated the Divas of the Indian Television industry on diamonds and design at The Raheja Classique Club, Andheri West. The event also saw television stars felicitate some of Anmol Jewellers clients under the ‘Anmol Hug’ initiative.

India’s gold duty policy subsidizes foreign gold producers and private industry

Gold Watch July 2014Profits for privately-owned refineries and the world’s biggest international gold mining companies could be boosted by up to $US 684 million per annum* as a result of India’s current duty differential between refined gold and unrefined gold doré.

While the Indian Treasury may forego billions of dollars in revenue, international gold miners and privately-owned refineries stand to benefit from the current duty differential. Under the current duty regime, the Indian Government is losing approximately (INR 5.6 billion) in revenue for every 100 tonnes of doré gold refined in the country.

Forevermark identify the latest trends in the Indian diamond industry

Diamond Watch July 2014The prestige of beholding a diamond cannot be denied be it a woman or man. Forevermark, the diamond brand from De Beers group hosted the 3rd Annual Forum at Jaipur, where they discussed about the upcoming trends in the diamond market.

Forevermark recently hosted a three-day interactive forum from July 2-July 4 at Jaipur for the diamantaries associated with them, manufacturers and retailers from different part of nation. Besides building insight into Forevermark Worldwide, Forevermark India, Marketing, Retail & Product, the forum turned out to be interesting as it highlighted the future of the diamond industry.

Achhe Din for diamond traders, RBI allows jewellery trade 180 days to repatriate export proceeds

Industry Watch July 2014RBI recently relaxed the norm for suppliers’ and buyers’ credit for importing rough, cut and polished diamonds for 180 days, from the existing 90 days, from the date of shipment. The move was initiated by RBI after traders’ continuous efforts to bring the credit cycle period back to 180 days, which was reduced to 90 days by RBI in 2011.

The Reserve Bank of India (RBI) has relaxed the norm for suppliers’ and buyers’ credit for importing rough, cut and polished diamonds for 180 days, from the existing 90 days, from the date of shipment. This has been done in view of the difficulty faced by jewellery exporters in receiving remittances for exports within 90 days from the date of shipment.

Online retailers adopting offline routes with stores, trial rooms

Industry Watch July 2014If major retail chains in India are going online, the online retailers like Bluestone.com and others are also trying to establish an offline presence by setting up stores and trial rooms as they seek to build greater brand awareness.

Time is changing rapidly so are the ways of branding. Sometime back, creating an online presence was the line to tow. However, things are changing at a rapid space. Today, the renowned online retailers like Bluestone.com and others are rooting for creating their own store points to generate greater brand awareness.