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Trump ends preferential treatment toHong Kong, gems and jewellery are now subject to the same duties as China

Trump ends preferential treatment toHong Kong, gems and jewellery are now subject to the same duties as China 0 Updated

🕔11:38, 24.Jul 2020

US President Donald Trump has signed an order to end preferential economic treatment for Hong Kong, after China enacted a new security law there. Hong Kong would be treated “the same as mainland China”, Mr Trump said. He also signed

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GJEPC Leadership represents Gem & Jewellery Industry concerns to Hon’ble FM through a Video Meet

GJEPC Leadership represents Gem & Jewellery Industry concerns to Hon’ble FM through a Video Meet 0 Updated

🕔11:31, 7.Jul 2020

Ease of Business, e-commerce, Amendments in Gold Monetisation Scheme, Priority Status for G&J sector, MyKYCBank platform mandatory for G&J entities, Increasing Bank Credit exposure to G&J sector, Reducing import duty, Development of SEZ’s etc represented during the meeting. 8th July, Mumbai:

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Dubai Diamond Exchange is back in action

Dubai Diamond Exchange is back in action 0

🕔14:58, 20.Jun 2020

The Dubai Diamond Exchange (DDE) is back in full operational mode, including the issuing of tenders. “While we continue to navigate a global economic slowdown, we must also be prepared to bounce back,” said Ahmed Bin Sulayem, Executive Chairman and

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How Chinese jeweller Ideal transformed staff into live-streaming KOLs

How Chinese jeweller Ideal transformed staff into live-streaming KOLs 0

🕔11:08, 30.May 2020

Shenzhen’s multi-brand jeweller Ideal has transformed its 18-year-old traditional business model to a New Retail business virtually overnight in light of the coronavirus crisis. The retailer rolled out a transformation initiative dubbed “Thousand People, Thousand Stores” by establishing ‘online cloud

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Gold imports dip for fifth consecutive month in April, fall by almost 100%

Gold imports dip for fifth consecutive month in April, fall by almost 100% 0

🕔12:12, 25.May 2020

The import of the yellow metal stood at USD 3.97 billion in April 2019, according to the commerce ministry’s data. India’s gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD

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Gems, jewellery exports falls 38.8 pc in Mar; down 8.9 pc in FY20

Gems, jewellery exports falls 38.8 pc in Mar; down 8.9 pc in FY20 0

🕔19:57, 18.May 2020

Mumbai, May 17 (PTI) Gems and jewellery exports in March declined 38.81 per cent to Rs 13,744.60 crore compared due to weak demand in importing countries following economic slowdown and the COVID-19 pandemic. The overall exports stood at Rs 22,463.17

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Surat diamond exports resume but a $2 billion inventory headache remains

Surat diamond exports resume but a $2 billion inventory headache remains 0

🕔18:10, 5.May 2020

The diamond industry in Surat has heaved a sigh of relief with the resumption of exports, though in a small quantity. Though exports to Hong Kong, a major destination for India’s polished diamonds, have resumed, the industry is currently sitting on an

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Jewellery exporters seek permission to start diamond bourse, SEZ in Mumbai

Jewellery exporters seek permission to start diamond bourse, SEZ in Mumbai 0

🕔17:42, 5.May 2020

Gems and Jewellery exporters have urged the government to grant them permission to start factories in the Santacruz Electronic Export Processing Zone (SEEPZ) and to set up the Bharat Diamond Bourse (BDB) in Mumbai, the backbone of India’s $40 billion Jewellery exports.

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India’s April gold imports plunge 99.9% to three-decade low: Report

India’s April gold imports plunge 99.9% to three-decade low: Report 0

🕔12:07, 5.May 2020

India’s gold imports plunged 99.9 per cent year-on-year in April to their lowest in nearly three decades, news agency Reuters reported citing a government source. The reason for this, according to Reuters, is the ban on air travel and closure

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Diamond processors told to curtail import of rough stones for one month

Diamond processors told to curtail import of rough stones for one month 0 Updated

🕔14:38, 30.Apr 2020

In a move aimed at protecting the interests of diamond processing industry, the apex body of the gem and jewellery industry has put forth a proposal to curtail the import of rough diamonds till June 15. This will help proessors

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