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India considers amnesty for citizens hoarding gold illegally

India considers amnesty for citizens hoarding gold illegally 0

🕔17:42, 30.Jul 2020

India’s Finance Ministry is considering an amnesty program for residents with illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter.

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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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India’s gems and jewellery exports lose their sparkle

India’s gems and jewellery exports lose their sparkle 0 Updated

🕔10:50, 9.Jul 2020

The stand-off between India and China has brought to the fore a shrill cry to reduce India’s trade dependency with its more prosperous Asian neighbour, but one industry will particularly suffer in the crossfire—the gems and jewellery business. Unlike other

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India’s June gold imports plunge on record price, lockdown

India’s June gold imports plunge on record price, lockdown 0 Updated

🕔15:09, 3.Jul 2020

India’s gold imports plunged 86% year-on-year in June due to record high prices and as international air travel was banned and many jewellery shops closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said. The world’s

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Worldwide diamond mining and sales plummet due to COVID-19

Worldwide diamond mining and sales plummet due to COVID-19 0

🕔16:27, 27.Jun 2020

Chinese brides are major contributors to the world’s diamond purchases, helping China become the world’s second-largest consumer of the precious stones, right after the United States. But with the spread of the COVID-19 pandemic, both diamond mining and sales have

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Trade war deepens as Hong Kong, Chinese Customs hold back export consignments from India

Trade war deepens as Hong Kong, Chinese Customs hold back export consignments from India 0

🕔15:10, 26.Jun 2020

Exporter associations have written to the Ministry of Commerce about Hong Kong and Chinese Customs holding back export consignments from India. Exporters in India are worried as China and Hong Kong Customs are holding back export consignments from India amid tensions between

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C. Krishniah Chetty Group of Jewellers will stop Chinese Pearls from their offerings

C. Krishniah Chetty Group of Jewellers will stop Chinese Pearls from their offerings 0

🕔16:06, 22.Jun 2020

Bengaluru’s 150-year old jewellery brand, C Krishniah Chetty Group of Jewellers has taken a definitive step to stop offering cultured pearls which are suspected to originate from China, in their jewellery. China has dramatically increased production of freshwater pearls and has been

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Diamond traders and jewellers panic as top ‘Angadia’ vanishes

Diamond traders and jewellers panic as top ‘Angadia’ vanishes 0

🕔12:53, 19.Jun 2020

The angadia, who has an office in the BDB , shuttered it on Wednesday noon , well before normal closing hours, and has been incommunicado since, said diamond market sources. Unconfirmed rumours among trade sources abounded that his alleged disappearance

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Closed jewellery shops amid lockdown pull brakes on gold imports; India imports 99% less gold in May

Closed jewellery shops amid lockdown pull brakes on gold imports; India imports 99% less gold in May 0 Updated

🕔23:58, 4.Jun 2020

A nationwide lockdown and closed jewellery shops across India have led to a severe fall in gold demand, leading to near-negligible gold imports in the month of May. The gold imports in the month have fallen by 99 per cent

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COVID-19: US imports record amount of gold from Switzerland as virus upends trade

COVID-19: US imports record amount of gold from Switzerland as virus upends trade 0

🕔15:11, 28.May 2020

Swiss exports of gold to the United States leapt to 111.7 tonnes in April — by far the biggest monthly total on record — while shipments to other destinations dwindled, customs data showed on Tuesday. The global gold market has

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