An an in-depth discussion on “The introduction of Goods and Services Tax (GST) on wholesale diamond trading” will be held at the Dubai Diamond Exchange (DDE) on October 17 as part of Day 2 of the Dubai Diamond Conference.
The moderators will be DDE Chairman Peter Meeus and former De Beers executive Tim Dabson. The subject has caused widespread industry debate in India and the UAE.
The VICENZAORO September show posted a 23 percent increase on the year in buyers to 14,385 from 115 countries, and an attendance of 23,176 people, a rise of 20 percent.
The five-day event is organized by the Italian Exhibition Group (IEG), a company formed by the integration between Rimini Fiera and Fiera di Vicenza.
The CIBJO European Jewellery Guild, a new body of leading European associations, has been established as part of the World Jewellery Confederation to represent the interests of Europe-based players in the jewelry and gemstone industries.
Pandora's new concept store in the 'Mall of India', in the Noida area of Delhi, is the first of around 50 concept stores to be opened in India over three years.
The official opening of the first Pandora concept store in India took place on April 19.
Internet diamond and jewelry seller Blue Nile posted a small fall in sales of 3.2% in its first fiscal quarter due to a decline in engagement ring sales and a “challenging environment” overall.
It posted revenues down to $103.1 million, on the back U.S. sales of engagement jewelry dropping 7%.
For the first time, the International Diamond Week in Israel (IDWI), to be held February 14 - 18, 2016 will not only focus on loose diamonds, but will also include a special show of diamond jewelry produced by companies within the Israel Diamond Exchange (IDE).
The Indian luxury market, including high-end jewelry grew by 25% last year, reaching $15 billion, and recent studies in the country provide encouraging news for the future of the Indian luxury market which has seen many global players enter it in recent years despite an economic slowdown.
Online diamond and jewelry retailer Blue Nile is opening another bricks-and-mortar location as it seeks to unite Internet sales with a brick-and-mortar presence.
The new 'Webroom' will be opened this summer at the Washington Square Mall in Portland, Oregon.
The Reserve Bank of India (RBI) has agreed that banks in the authorized dealer categories can extend their credit periods beyond 180 days with immediate effect, according to a report on the Gem and Jewelry Promotion Export Council (GJEPC) web site.
"The decision has been taken in consultation with the government of India 'to ease the operational difficulties faced by the importers'."
Swiss jeweler De Grisogono SA has acquired the rights to market a 404-carat rough diamond which it bought from Dubai trader Nemesis International DMCC.
The giant diamond was discovered by Lucapa Diamond Co at its Lulo mine in Angola. Nickolas Polak, a director of Nemesis International, declined to disclose a price, but in February Lucapa said it sold the 404-carat diamond for $22.5 million, Bloomberg reported.