To much relief in the gold jewellery and diamond processing industry, the goods and services tax (GST) Council slashed the applicable rate on making charges from the 18 per cent decided earlier to five per cent. While announcing the decision along with similar reduction on GST rate on various other products and services, Union … Read More →
As a third-generation jeweller, Rishabh Tongya ventured into jewellery retail seamlessly from his family’s manufacturing and trading business in 2013, when he started Diacolor. The brand gets its unique moniker from combining the words ‘diamond’ and ‘colour’. All gemstones used are sourced from India, Europe, Africa, Far East and blended with up-to-date contemporary designs. What … Read More →
A stunning fancy vivid blue diamond ring, purchased by legendary luxury jeweller Harry Winston for US$8.88 million, headlined Christie’s Hong Kong Magnificent Jewels auction on May 30. The auction house raised a total of around US$80 million from the sale of an expansive range of fine diamond and coloured gemstone jewellery. The top-selling ring by Moussaieff features … Read More →
According to experts, the jewellery which you wear should be chosen keeping in mind your jaw line and face length. Kapil Hetamsaria, CEO and co-founder at VelvetCase.com (e-commerce portal), and Shehzad Zaveri, Creative Director at Minawala (diamond jewellery house), have rolled out tips to guide you better: * Round shaped face should be accessorised in … Read More →
The ‘Hyderabad Jewellery, Pearl and Gem Fair’ (HJF) all set to sparkle in its 10th edition beginning at HICC Novotel in Hitec City from June 9. The three-day trade extravaganza of India’s jewellers by UBM India is bringing over 150 jewellers, import and export merchants and industry associations to the city. The signature show, organised … Read More →
Jewellers welcomed the decision to fix the goods and services tax (GST) rate for gold at 3 percent and for rough diamonds at 0.25 percent, saying the move will help boost the industry. They said the government has understood the need of the bullion industry and created a special category in the GST. “We welcome … Read More →
Goods and services tax (GST) of 3 per cent on gold will open a window for cheap jewellery imports from Indonesia and South Korea from July 1. Now, a 12.5 per cent countervailing duty is charged on imports of such jewellery from countries with which India has free trade agreements (FTAs). As excise duty … Read More →