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REGULATIONS FOR DIAMOND INDUSTRY
What should you do with your gold investments amid delay in US-Iran deal, high oil prices and inflationary concernsGold prices on MCX slipped amid rising geopolitical tensions, elevated crude oil prices and inflation concerns linked to the delayed US-Ira...- Rs 1 lakh turned to Rs 21 crore! Do you own these 11 penny stocks that delivered over 10,000% returns?Eleven penny stocks have delivered over 10,000% returns since May 2021, transforming Rs 1 lakh into over Rs 21 crore for some investors. Th...
- Should Titan shareholders worry about recent gold import duty hike? Let 2013 customs move explainTitan Company shareholders are concerned about the recent import duty hike on gold and silver. This move has caused panic in jewellery stoc...
- What should you do with your gold investments after PM Modi urges people to postpone gold purchases?Prime Minister Modi urged citizens to postpone gold purchases to curb India's import bill amidst West Asia tensions. While the intention is...
- No plan to hike gold import duty despite Modi's appeal to skip buying, says government officialIndia denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressur...
- India’s $85 billion gems & jewellery sector gets policy fillip, closes in on Dubai, Hong KongThe recent FTWZ expansion by the government is expected to create more opportunities for India’s jewellery sector and elevate the country's...
- West Asia war: Amid gloom and doom in Surat and Tiruppur’s textile clusters, one industry offers hopeAs the West Asia conflict drags down most sectors in India’s two major textile hubs, one segment in Surat is opening up new opportunities
- Lab-grown diamonds see price drop, natural ones shine with sustainability: ReportThe Natural Diamond Council reports an 83% price drop in 1.5-carat lab-grown diamonds since 2015, while natural diamonds maintain steady an...
- Lab-grown diamond industry to continue with self-regulation: Commerce Minister Piyush GoyalCommerce and Industry Minister Piyush Goyal has negated the need for additional regulations for the lab-grown diamond industry, emphasizing...
- CCPA to bring regulatory framework for diamond industry to protect consumers interestAt present, section 12 of the Legal Metrology Act, 2009, provides the unit of mass for diamonds, pearls, and precious stones as the carat, ...
- Falling prices, low consumer trust, imports issues for lab-grown diamond: GTRIIndia's lab-grown diamond industry has been struggling due to a 65% price drop over the past year caused by overproduction and high imports...
- 'Falling prices, eroding consumer trust, imports major challenges for lab-grown diamond industry'India's lab-grown diamond industry has experienced significant challenges including overproduction, price declines, and high imports, as hi...
- Diamond cos tread on rule minefield; face compliance burden under new sanctions regimeDiamond houses in India are facing scrutiny under the new sanctions regime that began on March 1 to block Russian gems from affluent wester...
- GJEPC raises concern on G7 decision on imposing direct import curbs on Russian-origin diamondsOn Wednesday, G7 leaders decided to introduce import restrictions on non-industrial diamonds, mined, processed, or produced in Russia, by J...
- Indian diamond trade raises concern over a recent statement by G7 leaders"We had engaged with the G7 to discuss such sanctions and their implementation. We have reservations on the timelines announced for the imp...
- Centre makes GJEPC membership mandatory for Kimberley Process CertificateThe Central government has made membership of Gem & Jewellery Export Promotion Council (GJEPC) mandatory for getting the Kimberley Process ...
- Relief for related-party diamond tradeAccording to regulations, the customs department gets a fair value of imports and exports through scrutiny conducted by a special valuation...
- India likely to sign diamonds deal with RussiaThe issue will be discussed when Modi meets Russian President Vladimir Putin when the two meet in Goa on Saturday at the 17th edition of th...
- Antwerp Diamond Bank winds up loan portfolio, diamond dealers face loan droughtThe ADB was a source of finance for 80 years to the network of companies that trade, cut and polish in the Belgian port city.
- Bankers' panel to watch diamond industry loansAccording to an SBI official, the bank, excluding its associates, has NPAs of Rs 300 cr form the industry as of Sept 2010.
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