India’s Gem & Jewellery Export Promotion Council (GJEPC) recently called on the government to withdraw the 1 percent excise duty on jewellery – excluding plain silver jewellery – in the 2016-2017 Union Budget. In a press release, the council said GJEPC Chairman Praveenshankar Pandya has already approached the government to initiate meetings with officials from … Read More →
Okavango Diamond Company (ODC), a company wholly owned by the government of Botswana, will hold diamond viewings at the India Diamond Trading Centre (IDTC) in Mumbai from July 20 to 25. “We are very happy to know that Okavango Diamond Company is coming to India to display its diamonds. Our goal is to make rough … Read More →
The Gem & Jewellery India International Exhibition (GJIIE) has been rescheduled for October 7 to 9 at the Chennai Trade Centre in view of the Legislative Assembly Elections in Tamil Nadu. “As a valued stakeholder in the show, it is our duty to update you that the upcoming Legislative Assembly Elections in Tamil Nadu necessitates a … Read More →
China, Japan, South Korea, India, and Australia are tipped to fuel e-commerce growth in Asia Pacific in the next five years. According research and advisory firm Forrester, total online retail revenues will nearly double from $733 billion in 2015 to $1.4 trillion in 2020. For perspective, $1.4 trillion is about the same amount spent online … Read More →
Boris Johnson’s office has warned senior officials at London’s City Hall not to speak out in favour of staying in the European Union. An email from his chief of staff, Edward Lister, seen by the BBC, tells deputy mayors and senior advisers to “either advocate the mayor’s position or otherwise not openly contradict it”. The … Read More →
Home Retail Group has divested its DIY arm Homebase, now owned by Australian group Wesfarmers following 99.3% of shareholders voting in favour of the move. The deal, first submitted in December, valued the business at £340m. It was approved at an AGM last week and the deal was completed at the weekend. Homebase will disappear from … Read More →
Britain’s five largest high street retailers have been late in paying suppliers 80% of the time, a new report has revealed. The findings, from peer-to-peer lenders MarketInvoice, highlighted John Lewis, Alliance Boots, Home Retail Group, Marks & Spencer and Kingfisher as the worst offenders in a prevailing industry trend for late payments to suppliers. Among … Read More →