In a world where technological advancements are rapidly evolving, fashion – a multi-billion-dollar industry – is not about to shy away from innovation. While there is much allure and satisfaction to be found in the old school, traditional way of designing clothes, there are a small group of designers who are breaking the mold, determined … Read More →
Organised jewellery retails will get a boost in the Goods and Services Tax (GST) regime as business is likely to be weaned away from unorganised players, who account for three-fourths of the industry’s annual revenue, a CRISIL report said. The overall increase in the end price of jewellery is expected to be about one per … 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 →
KOCHI: Minister for Industries A.C. Moideen will launch ‘WE Space’, the first of its kind infrastructure initiative to bring together women entrepreneurs, at Angamaly on Friday. The 42,000 sq.ft. space is in INKEL Tower II at Angamaly, and it will be used entirely for apparel making. ‘WE Space’ is part of efforts by the Kerala … Read More →
The Israel Diamond Exchange (IDE) signed a Memorandum of Understanding (MoU) with Sarine Technologies Inc aimed at improving transparency in rough diamond trading. Under the MoU, Sarine will disclose to IDE members if “inclusion mapping” using the Galaxy system has been undertaken on specific rough stones. With this agreement, rough diamond sellers will not be … Read More →
The first gold jewellery industrial park in Shanxi Province, China, was recently established in the Yuci District of Jinzhong City to cater to the province’s booming jewellery market, according to a report. The Shanxi Hongyi Jewellery and Culture Industrial Park, launched on May 26, integrates product development, manufacturing, wholesaling, trading and exhibition of gold jewellery … Read More →
Chinese jewellery brand Seekfu recently opened its maiden boutique in Nanning, Guangxi Zhuang Autonomous Region, China, following the establishment of its online store as the company adopts an online-to-offline (O2O) business model to strengthen sales. The company’s brick-and-mortar retail store offers customers a chance to physically examine the products, according to a report by China.com.cn. The … Read More →