ARX - Website for Jewellers

25/10/2024

यह दिवाली आपके घर में देवी लक्ष्मी का आशीर्वाद और समृद्धि लाएगी।
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19/10/2024

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31/08/2024

Top diamond and jewellery stocks in India and their year-to-date 1-year returns:

1. Titan Company (+15%)
2. Kalyan Jewellers India (+163%)
3. Rajesh Exports (-41%)
4. Senco Gold (+166%)
5. Thanga Mayil Jewellery (+64%)

The gems and jewellery industry is one of the oldest and most vital sectors, playing a significant role in the nation's economy and international trade. With its renowned expertise in jewellery craftsmanship, India has risen as a global centre for manufacturing, processing and exporting gems and jewellery.

25/08/2024

Govt of India announces revising gold & silver duty drawback to half.

A duty drawback is an amount aimed at reimbursing exporters for the customs duty paid during imports.

Govt reduces gold duty drawback rate from ₹704/gm to ₹335/gm. This applies to gold purity 995 or more.

The revised duty drawback for silver items is now ₹4468/kilogram instead of the previous rate of ₹8949/kilogram.

21/08/2024

In a recent interview with Bloomberg TV, Danish jewellery giant Pandora's CEO Alexander Lacik says, "Ten years on, my prediction is the vast majority of diamonds being sold are going to be lab-grown."

19/08/2024

Dakota Johnson was spotted wearing an engagement ring from her fiancé Chris Martin following break-up rumors. She sported the emerald ring while out with friends in Malibu, California, last Friday.

19/08/2024

Global Trade Research Initiative (GTRI) warns of potential misuse of import duty concessions on gold, silver, platinum, and diamonds in India.

GTRI suggests withdrawing duty-free status of precious metals & revoking special privileges given to the GIFT Bullion Exchange, Gujarat.

18/08/2024

The 8th edition of India's most awaited jewellery design awards 'The Artisan Awards 2025' is here. GJEPC announced the theme for this year: ‘Indian Craft, Reimagined’.

The last date to submit your sketches is 31st October 2024.

For more details about the awards, and to submit your application, visit their website at: www.theartisanawards.com

16/08/2024

GJEPC and Namibia Diamond Board will likely explore potential collaborations and strengthen the diamond industry in both countries.

The meeting held at Bharat Diamond Bourse (BDB) on 12th August 2024 addressed challenges like high production costs and the growing threat of lab-grown diamonds to the natural diamond industry.

GJEPC emphasized India's potential as a key diamond trading and manufacturing center, as well as a significant diamond consumer market.

GJEPC proposed that the Namibian delegation should host diamond auctions in India, due to the recent trade-friendly measures announced in the Union Budget.

The Council highlighted the vital role of working together on marketing initiatives to boost the appeal of natural diamonds.

That was the latest update on this!

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15/08/2024

Is the Indian Diamond Industry in Crisis? Manufacturers cut production by around 50%. Many are closed in the hope of resetting the market again by Diwali.

The imbalance between demand and supply is said to be one of the reasons. Stock inventories are high, prices are weak.

Source: An article published in Rapaport news, dated August 08, 2024.

14/08/2024

Wholesale demand remained weak: China reported no gold purchases in July 2024, for the third consecutive month, leaving total official gold holdings unchanged at 2,264t, 4.9% of total foreign reserves.

14/08/2024

Titan, Kalyan and Senco Gold together dominates more than 90% of organised jewellery market demand, and controls over 30% of annual overall jewellery consumption.