GJ Town India

Sanjay Gulabani India’s most Preferred B2B jewellers 2018 announced P Mangatram Jewellers, a leading name in the world of studded jewellery has been honored India’s most preferred B2B Jewellers 2018 from Telangana state. Sanjay Gulabani, Director, P. Mangatram Jewellers received the award at a ceremony held by UBM India. The conclave was represented by the most distinguished jewelers across India in the B2B domain. The honour was presented to him by noted Bollywood actress Urvashi Rautela. Sanjay Gulabani, Director, P. Mangatram Jewellers Pvt. Ltd. said, “We are extremely privileged to receive this award on behalf of our entire team. It has been our endeavour to craft meticulous designs with breathtaking innovation that has won laurels from our loyal customer base.   We have always remained as the preferred studded jewellery manufacturer for top retailers in India and international markets. This prestigious award is a testimony of our achievements in taking Hydera...

Economic growth prospects in both countries could be negatively affected Diamond jewellery India: demand potential, revenue flat! Recently published report, ‘The Global Diamond Industry 2018, A resilient industry shines through’ said about Diamond jewelry retail segment. The report says, the luxury category has been stable compared with global GDP for the past five years, marking resilience to generational shifts. The luxury segment has adapted to changing consumer preferences and behavior. Keeping in line with luxury market trends, global diamond jewelry sales grew 2% in US dollar terms in 2017. Demand for diamond jewelry is expected to continue or even accelerate in 2018, steered by high demand from affluent consumers. An increase in retail diamond jewelry sales is attributed to a strong economy and favorable macroeconomics in the US, namely growing consumer credit, shrinking unemployment and higher wages. Demand in China grew for the first time since 2013...

In a short run diamond industry to affect by 3 trends! The Global Diamond Industry 2018, A resilient industry shines through, report said about Diamond jewelry retail, Key industry trends. Three trends have the highest potential to affect the diamond industry in the near term, 1: advancements in digital technologies, 2: the development of lab-grown diamonds and 3: generational shifts in consumer preferences.   Among other benefits, digital technologies are aiding transparency and efficiency efforts across all segments of the value chain. For example, in 2017 and early 2018, blockchain projects were launched to help consumers confidently identify the origin of their diamonds. Mining companies are using predictive maintenance, real-time controls and artificial intelligence to mitigate rising operating costs.   Cutting and polishing players are pursuing advanced solutions in digital mapping, modeling and manufacturing to shorten production cycles and ultimately ...

GoI has taken several measures to improve competitiveness of Indian industry The growth of exports of products manufactured by MSME units has been 7.5%, during the financial year 2017-18. This was informed by Giriraj Singh, MoS (I/C) for the Ministry of MSME, in the Lok Sabha. The Minister further informed that the growth had been -5.9%, and 4.8% during 2015-16 and 2016-17 respectively.   Giriraj Singh added that as per the information received from Directorate General of Commercial Intelligence & Statistics, the value of exports of MSME related products have been USD 130768.70 Million, USD 137068.80 Million, USD 147390.08 Million, USD 78519.91 Million during the financial year 2015-16, 2016-17, 2017-18 and 2018-19 (till September, 2018), respectively. He also stated that the Government of India has taken several measures to improve competitiveness of Indian industry and to boost exports. These include efforts taken under National Manufacturing Competitiveness...

Employment generation at 19.96 lakh skills The Special Economic Zones (SEZs) policy was launched in April, 2000.  The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005.  The SEZs Rules, 2006 came into effect on 10th February, 2006.   In addition to seven Central Government Special Economic Zones (SEZs) and 11 State/Private Sector SEZs set-up prior to the enactment of the SEZs Act, approvals have been accorded to 420 proposals for setting up of SEZs in the country. Of 355 notified SEZs, 230 SEZs are operational. SEZs being set up under the SEZ Act, 2005 and SEZs Rules, 2006 are primarily private investment driven. No funds are sanctioned by the Central Government for setting up of SEZ.  However, fiscal concessions and duty benefits have been allowed to developers and units as per the SEZ Act and Rules there under. As on 30.09.2018, exports from SEZs was Rs. 3,33,661...

New GST return filing system from April 01 System shall be mandatory basis from July 01, 2019 The GST Council in its 31st meeting held at New Delhi made the related policy recommendations. There would be a single cash ledger for each tax head. The modalities for implementation would be finalised in consultation with GSTN and the Accounting authorities.   A scheme of single authority for disbursement of the refund amount sanctioned by either the Centre or the State tax authorities would be implemented on pilot basis.  The modalities for the same shall be finalized shortly. The new return filing system shall be introduced on a trial basis from 01.04.2019 and on mandatory basis from 01.07.2019. The due date for furnishing the annual returns in FORM GSTR-9, FORM GSTR-9A and reconciliation statement in FORM GSTR-9C for the Financial Year 2017 – 2018 shall be further extended till 30.06.2019. The following clarificatory changes, inter-alia, shall be carri...

India Becoming World's  Fastest Growing Economy The share of Indian economy in world (measured as a ratio of India’s GDP to world’s GDP at current US$) increased from 2.6 percent in 2014 to 3.2 percent in 2017 (as per World Development Indicators database). The average share of Indian economy in world during 1960 to 2013 was 1.8 percent.   The average growth of the Indian economy during 2014-15 to 2017-18 was 7.3 per cent, fastest among the major economies in the world. Indian economy is projected to be the fastest growing major economy in 2018-19 and 2019-20 (International Monetary Fund October 2018 database). This is borne by GDP growth of 7.6 per cent in the first half of 2018-19. As per the estimates available from Central Statistics Office(CSO), the per capita income (measured as per capita net national income (at current prices))of the country increased from Rs. 86,647/- in 2014-15 to Rs 112,835/- in 2017-18, recording a30.2 percent growth fr...

New expression space for Boucheron's creations A winter garden at the heart of the Place Vendôme is the new expression space for Boucheron's creations, Journey between dreams and imagination to discover this new part of the Hotel de Nocé. Split across three levels and reciting the unfailing story that binds the Maison Boucheron with nature.   Under the glass roof bathed in light, watch as Serpent Bohème comes alive. The Maison Boucheron is reopening the gates of its Hôtel Particulier and invites you to a unique experience into the world of jewelry. Each creation finds its place in the various emblematic Salons of the 26 Vendôme. Contemplate the airy grace of Plume de Paon in the intimate atmosphere of the Salon des Lumières. Take a walk through the Grand Salon, where the architectural features of Quatre meet the multi-faceted and iconic Serpent Boheme. Enventually, pause for while in the Jardin d'Hiver, where nature seems to regain its right...

Inhorgenta Munich schedules From February 22 to 25, 2019 From February 22 to 25, 2019, Munich will stand at the center of the jewelry, timepieces and gemstones industry. Inhorgenta Munich will be attracting exhibitors and visitors from around the world. Once again, the international trade fair offers significant room for innovations. Engraving robots and printed jewelry are just some of these.   Next to pristine jewelry and the latest functions of smartwatches, people will also be able to see at Inhorgenta Munich 2019 how the jewelry, timepieces and gemstones industry is profiting from technological advances. In particular, Hall A2, Technology & Bijoux, offers visitors a wide spectrum of innovations with its more than 200 exhibitors. Aside from providers of store fixtures, security solutions and even trending jewelry, even workshops, refineries, techniques and electronic data processing will quickly become topics of conversation. “In Hall A2, jewelers, watch...

Gold Price of Rs 3,119 per gram for SGB December 24-28 Government of India, in consultation with the Reserve Bank of India, Sovereign Gold Bonds 2018-19 (Series IV) will be opened for the period December 24-28, 2018.  The issue price of the Bond during this subscription period i.e. December 24-28, 2018, shall be Rs3,119 (Rupees Three Thousand One Hundred Nineteen only) – per gram with Settlement on January 01, 2019, as also published by RBI on December 21, 2018.    Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs3,069 (Rupees Three Thousand Sixty Nine only) per gram of gold.

US procrastinators rush to meet Holiday deadline now! More than 40 percent of holiday shoppers surveyed expect to finish their holiday gift shopping, but the biggest procrastinators will still be buying gifts through Christmas Eve, according to the annual consumer sentiment survey released by the National Retail Federation and Prosper Insights & Analytics.   “Having made their lists and checked them twice, holiday shoppers have been out in full force these last few weeks, but many are still waiting to complete their shopping this weekend,” NRF President and CEO Matthew Shay said. “Retailers will use every opportunity to see that shoppers have a great experience in these final few days. Whether looking for competitive prices, festive in-store events or last-minute online shipping deals, retailers are ready to deliver.” The survey found that 34 percent of holiday shoppers purchased their last gift by Tuesday. A total of 44 percent expected to be done by the end of...

GSTN has started work on BI and Analytics GSTN will focus on the development of new return filing, further improving the user interface, and Business Intelligence and Analytics. While the new return is yet to be notified, GSTN has started development of the components in which major changes are not expected.   Improvement in User Interface on the basis of feedback is a continuous process. Few important initiatives /improvements made for better User experience are: - A:            Questionnaire for filing GSTR-3B to avoid errors by taxpayers. B:            Option to generate pre-populated Challan by the system to avoid depositing Cash in wrong Head by the taxpayers. C:            Introduction of one click Nil return filing. D:            Suggested ...

Just in the Beirut Souks, the major commercial district in Beirut, Italo Fontana cut the ribbon of the U-Boat boutique. The new store is precisely in Allenby Street where all the other high-end and jewellery boutiques are located. The flagship store according to Italo Fontana is not only positioned in a strategic capital from the commercial point of view but more important on a cultural level, a bridge between different worlds and cultures. It is nestled in the heart of the newly developed, luxurious and glamorous Beirut Souks, in the vibrant financial, commercial and administrative hub of the capital. With over 200 shops, restaurants and cafes, Beirut Souks, is no doubt the largest and most diverse shopping and leisure area of the Lebanese City, full of major stores and international fashion brands. In the boutique, ready to be admired and purchased, there are all the creations branded U-Boat Italo Fontana plus novelties like Doppiotempo, Sommerso,U-47 Bronze and Capsoil....

Enchanting Jewellery Inspired By Desserts Ratan Jewellers launches a whimsical dessert inspired range of jewellery. Inspired by desserts each design is lavish, deliciously-stylish yet high end and attainable.   Ratan Jewellers offers jewellery pieces made from diamonds that are every bit as durable as they are beautiful—a rare treat in a fast fashion-obsessed world. The collection includes stand out pieces that are classic, yet glamorous in style.  From eye catching bracelets and up to the lively and necklaces with an embodiment of grandeur and richness is accommodated. The collection includes a special range for men consisting of cuff links, tie pins, bands and bracelets, making men look sharp. Ratan Jewellers believes that a girl can have knockout style without paying more for her jewellery than she spends on rent. Perfect for women on the go who aren’t afraid to make a statement!

Laurelton Diamonds Tender From January 7 & up to 17 Laurelton Diamonds Belgium BVBA will be holding the viewings of its next Tender of Rough and Sawn at the Antwerp Diamond Tender Facility (ATF), Belgium. The Tender will include a selection of White and Cape Rough parcels in sizes from +5cts to -7 in regular and high quality assortments in Cts and Grs.   There will also be a range of White Sawn Kaps offered in sized parcels from +3gr to -5 in mixed qualities. The tender is scheduled from Tuesday 7th January to Thursday & up to 17th January 2019 and viewing appointments can be booked. The tender will be held in the Antwerp Diamond Tender Facility (ATF), AWDC Building. Laurelton Diamonds Belgium BVBA, a subsidiary of Tiffany & Co, is a rough diamond manufacturing and trading company with operations across the globe. The company procures rough diamonds and manages the worldwide supply chain that cuts, polishes and supplies finished diamonds to Ti...