[Wedding Pearl Jewelry | Bridal Pearl Necklace] 4/15/2018 09:54:00 AM

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Indian exports of gold jewelry from the domestic tariff zone in fiscal year 2013-14 jumped 141.58% year-on-year to $ 5.68 billion. Meanwhile, exports of these goods from special economic zones (EPZs) fell sharply by 66, 28% to $ 5.36 billion compared to $ 15.9 billion in the 2012-13 fiscal year. This trend is already observed in the current fiscal year. In April-May 2014, exports of gold jewelry from the domestic tariff zone increased by 13.61% year-on-year to $ 728.69 million, while exports from the SEZ fell by 30.19% to $ 542.72 million.
The sharp increase in the export of gold jewelry outside the FEZ and the corresponding decline in exports through the SEZ amid weak demand in foreign markets attracted the attention of the government. There were fears about whether this situation is plausible and natural, because the growth in turnover in the zones where local tariffs and taxes are operating, and the drop in sales in exempted from taxes and duties SEZ looks illogical.
The government is studying the situation and suggests that exporters from the domestic tariff zone could fraudulently increase the cost of deliveries to countries with low taxes or preferential tax treatment in order to apply for benefits (for example, duty-free imports). According to some suspicions, the goods exported in this way are then returned to the country, and gold is used for subsequent exports. The execution of such circular transactions allows counterparties to obtain huge revenues.

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Posted By Blogger to Wedding Pearl Jewelry | Bridal Pearl Necklace at 4/15/2018 09:54:00 AM

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diamond markets were dominated by a seasonal lull and diamond prices fell slightly, Rapaport said in a press release. The jewelry fair JCK Las Vegas, which was held at the beginning of the month, demonstrated a steady demand for commercial grade diamonds in the US, high demand for inexpensive polished "piqué" diamonds and a rather weak demand for large and high-quality stones. The June Fair in Hong Kong disappointed diamond dealers, who concluded that cautious sentiment prevailed in the Far Eastern markets.
The price index for diamonds RapNet Diamond Index (RAPI ™) for stones weighing 1 carat in June fell by 0.5%. Prices for diamonds weighing 0.3 carats and 0.5 carats rose by 0.5% and 0.3% respectively. The price index for diamonds weighing 3 carats for the reporting month fell by 0.7%.
During the second quarter, prices for diamonds were down, the Rapaport monthly report, "2Q Slowdown", said.
Retail jewelry companies have replenished their stocks after the Christmas season in the first quarter, and since then, polished purchases have been carried out to fulfill the orders received. Delays in the evaluation of diamonds by the Gemological Institute of America (GIA) led to a reduction in the supply of certified stones in the laboratory and supported prices for them in a weak market.
The margins of the profits of diamond producers remained small. Prices for rough diamonds in June were stable, and activity was observed in the secondary market. Despite the liquidity problems, there is a strong demand for rough diamonds, while mining companies maintain production volumes.
It is expected that in July and August the market will be dominated by a lull, as dealers in Antwerp, New York and Ramat Gan leave for the summer holidays. The expectations for the July International Indian Jewelery Fair (IIJS) have increased, which is due to the revival of the local Indian market after the election of a new government.