Update 1-india Gold Jewellery Exports Climb, Set To Keep Increasing| Reuters

Struggling with a ballooning trade deficit, India last yearimposed a record duty of 10 percent about overseas purchases ofgold, the second-biggest cost inside its import bill. That hitgold jewellery exports, with shipments inside the fiscal year thatended in March dropping about 40 %. But the nation shipped $992.03 million worth of goldjewellery in March, up 6.1 % year-on-year, the Gems andJewellery Export Promotion Council (GJEPC) mentioned. It exported$718.36 million worth of jewellery in February. Indian jewellers like Gitanjali Gems, Malabar Gold andKalyan Jewellers have opened shops abroad to limit the slump insales caused by the import rules. “There is additionally a fair amount of need thus exports are rising… We are releasing modern designs and entering new markets toboost exports,” mentioned Rajesh Mehta, chairman of Rajesh Exports,which primarily ships jewellery to Dubai. “I expect a jump of 10-12 % inside India’s gold jewelleryexports this fiscal year,” said Mehta. Several government officials, including the Reserve Bank ofIndia Governor Raghuram Rajan, have hinted at a progressive removalof import restrictions because the active account deficit is undercontrol, a move that could coincide with all the formation of a newgovernment following elections end this month. Gold imports almost doubled inside March to 50 tonnes after morebanks were authorized to import the yellow metal, a move which manysaw because the first immense step towards easing the toughimport curbs. The amount of gold jewellery shipped by India is directlyrelated to its imports after the country enforced the so-called80/20 tip in July, making it compulsory to export a fifth of allgold imports. “The outlook is fairly positive for exports because issues ingetting supplies have gone,” Pankaj Kumar Parekh, vice-chairmanof GJEPC told Reuters. SILVER AND GOLD Gold jewellery exports from India dropped 39.6 % to$7.86 billion inside the last fiscal year, when total gem andjewellery exports furthermore fell 11 percent to $34.75 billion. Exporters are eyeing the result of the country’s generalelections, with the primary opposition Bharatiya Janata Partyhaving spoken up against the gold import restrictions. Meanwhile, silver jewellery exports throughout the 12 months toMarch 2014 rose 58.6 % to $1.46 million from the yearbefore, plus industry officials anticipate further growth.
For the original adaptation including any supplementary pictures or movie, see http://www.reuters.com/article/2014/04/30/india-gold-exports-idUSL3N0NM1N620140430

Gold jewellery exports climb, set to keep rising – Yahoo Finance

Indian jewellers including Gitanjali Gems, Malabar Gold and Kalyan Jewellers have opened shops abroad to limit the slump inside sales caused by the import rules. “There is equally a fair amount of demand so exports are increasing … We are releasing hot designs plus entering new markets to boost exports,” said Rajesh Mehta, chairman of Rajesh Exports, which primarily ships jewellery to Dubai. A tradesman waits for buyers at his gold plus silver jewellery store in the old quarters of Delhi “I anticipate a jump of 10-12 percent in India’s gold jewellery exports this fiscal year,” mentioned Mehta. Many government officials, including the Reserve Bank of India Governor Raghuram Rajan, have hinted at a progressive reduction of import restrictions because the present account deficit is below control, a move that could coincide with the formation of a brand-new government after elections end this month. Gold imports almost doubled in March to 50 tonnes following more banks were enabled to import the yellow metal, a move that various saw as the initially noticeable step towards easing the tough import curbs. The amount of gold jewellery shipped by India is straight related to its imports following the country enforced the so-called 80/20 guideline in July, creating it required to export a fifth of all gold imports. “The outlook is truly positive for exports as issues inside getting supplies have gone,” Pankaj Kumar Parekh, vice-chairman of GJEPC told Reuters.
See More at https://finance.yahoo.com/news/gold-jewellery-exports-fy14-fell-almost-40-percent-053126146–finance.html

Advertisements

Bda Secy’s Riches: Rs 46.5l In Cash, Rs 32l Jewellery

Rajamma Chowdareddy The workers, Vasanth and Uday, threatened to leak the video to the media if the godman did not pay them Rs 15 lakh. But when the godman did not heed their demand, they acted on their threat, a source said. After the video was aired on news channels, some of Ramaswamys devotees, who said they were shocked and disgusted at the revelation, demanded strict police action against him. But an officer at the HSR Layout police station said that no complaint had been made in this regard. We did not receive any instruction from the police commissioners officer either, he said, adding that action would be taken only when they received a complaint or direction. Another police officer said the two workers had made a complaint to the police commissioner, saying there was a threat to their lives from the godman. Rs 33L valuables burgled Burglars struck at the house of an industrialist in RPC Layout and a mobile phone store in Magadi Road and made off with valuables worth Rs 33.4 lakh, police said. One kg of gold and one kg of silver jewellery was missing from the house of Ramachandra on 11th Main, RPC Layout. He, along with family, had gone on vacation on April 21. When they returned on Friday morning, they realised that jewellery worth Rs 21 lakh was missing. In Magadi Road, a gang of six to eight people is suspected to have burgled a mobile phone store in the early hours of Saturday, and made off with mobile phones worth Rs 15 lakh. The burglars gained entry by breaking open the shutter lock. The CCTV footage showed them covering themselves with bedsheets to avoid identity. The burglary was noticed by the shopkeeper, Jagadish, on Saturday morning. Man beaten to death A man, aged around 30 years, was found bludgeoned to death in the parking lot of RMC Yard in Yeshwantpur on Saturday morning. The police are yet to ascertain his identity as his face was crushed beyond recognition.
See the full post at http://www.deccanherald.com/content/402388/bda-secy039s-riches-rs-465l.html

Hannifin Sisters? Silver Jewelry Focus Of ?show, Tell? Social

So, various Butte ladies have inherited or have purchased classic Cini pieces. Women who have Cini pieces are asked to wear or bring them for show and tell. The distinctive designs andreasonable costs produced Cini common in Butte. Sponsors are Joan Shannon, 406-782-7307, and Zena Beth McGlashan, 406-490-9608. Guglielmo Cini was17 whenever he came to Boston from Florence, Italy, inside 1922. He created jewelry there till 1957 whenever he moved to California. He died in 1979. McGlashan said the event is the result of a idea she plus Shannon have talked about for many years. Joan plus I have frequently chatted regarding the Hannifin females plus Cini rings, pins so forth. We thought it will be fun to receive Cini owners together and perform a Cini party. Copyright 2014 Montana Standard. All rights reserved. This information might not be published, broadcast, rewritten or redistributed. No Comments Posted. Civil Dialogue We supply this community forum for visitors to exchange inspirations and opinions found on the information of the day. Passionate views, pointed criticism plus important thinking are welcome.
See the full post at http://mtstandard.com/entertainment/tgif/hannifin-sisters-silver-jewelry-focus-of-show-tell-social/article_ef854d82-c691-11e3-bf3e-0019bb2963f4.html

Bangkok Gems & Jewelry Fair 2014 – Going To Become The World?s Jewelry Hub

India?s silver export spikes as gold import declines | Resource Investor

This year’s edition of the Bangkok Gems & Jewelry Fair took destination up against the backdrop of political unrest and tension inside the country. However, this did not avoid the several neighborhood plus global manufacturers and wholesalers fr om taking piece inside the exhibition plus customers from placing their orders. “Many of the visitors canceled their visits to the exhibition considering of the state of emergency in Bangkok,” J. Siam Groups manager told Rough&Polished. She furthermore noted that clients from Ukraine almost stopped placing orders for jewelry in 2013, which is the result of another political crisis. According to the BGJF organizers, the exhibition helped to pinpoint real buyers, who came to create orders, not just “window-shopping.” The exhibitors were certainly attracted by considerable incentives available from the government of the Thai Kingdom to advertise trade inside precious stones and jewelry inside the nation. The authorities decided to suspend the 20-percent import duty on jewels and jewelry for more than a month – 15 days before and 15 days following the show. This was completed specifically for the participants of the event. So, foreign exhibitors had a chance to enjoy duty-free imports for their jewels and jewelry, when neighborhood companies were capable to lower prices for imported contents and buyers benefited from all this, saving as much as 20 % about orders. The government has been with you each step of the means, assisting to advertise exports plus developing overseas markets through trade fairs, road shows and exceptional exhibitions. All these changes predict a gleaming future for all, mentioned Somchai Phornchindarak, President of the Thai Gem and Jewelry Traders Association. The exhibition is an important source of export money for the nation. According to official info, the Bangkok show produced an export revenue exceeding 400 million baht (over $ 12 million). Another important initiative was the pavilion opened at the show with a zero VAT, wh ere buyers were exempt within the 7-percent value added tax. According to the organizers, the pavilion of Hong Kong plus Singapore reduced this year, but the number of participants from additional Asian nations increased, thus the aggregate amount of exhibitors went up. Silver jewelry became a huge success for the Thai jewelry industry. At the press meeting held by the exhibition organizers, it was announced that Thailand is now officially recognized because the worlds silver jewelry exporter amount one. The silver and gold pavilions occupied the largest piece of the exhibition hall plus were positioned next door to every alternative. Thai jewelers demonstrated a truly high amount of artisanship. Going from gold to silver jewelry, it wasn’t usually simple to distinguish silver goods graced with cubic zirconium from gold goods with diamonds worth hundredsfold higher. The subtlety of details, the designs of silver pieces equal to those of gold plus diamond jewelry, the micro pave hand-inlaid in silver were actually striking. Thailand attaches superb value to the promotion of the countrys own jewelry brand, Ploi Thai, that is a signal of standard plus art of Thai jewelry designers.
For the original adaptation including any supplementary images or movie, visit http://rough-polished.com/en/analytics/89675.html

In February, Indias silver exports improved 45.33% to $84.1 million and jumped 89% in the 11-month period to $1.35 billion. According to the report of the Gems plus jewelry Export Promotion Council, silver jewelry exports spiked 109% between April 2013 and February 2014, to $1.3 billion (Rs 81.4 billion) from $642 million (Rs 38.85 billion) in the same period of the last financial year. Apart within the silver jewelry, the export of the silver articles plus silver utensils to the US, components of Europe and Japan furthermore raised inside this year. The silver metal need has spiked abroad as the price of gold plus palladium has risen up, Pankaj Parekh, vice chairman of the Council said. It is said which Indian jewelers export the diamond studded sterling silver jewelry to various nations richly while the gold import declines due to the thick import tasks. The scarcity of gold has compelled the jewelers to switch from gold to silver exports. Related Articles
See the complete post at http://www.resourceinvestor.com/2014/04/16/indias-silver-export-spikes-as-gold-import-decline

Gold Prices Gains, Silver Slips At Close

As Prices of Gold and Silver Skyrocket, High Quality Plated Hip Hop Jewelry is More in Demand

Gold prices strengthened further about Friday in Mumbai on the back of consistent demand from stockists plus retailer investors amid bullish international sentiment. On the other hand, silver fell back due to speculative unwinding and also reduced commercial buying. Standard gold (99.5 purity) advanced by Rs 60 to quote at Rs 29,053 per 10 grams at 1700 hrs from Thursday’s amount of Rs 28,993, a bullion trader said. Pure gold (99.9 purity) also moved up with a synonymous margin to Rs 29,203 per 10 grams from Rs 29,143 earlier, according to Riddisiddhi Bullions Ltd. Gold costs posts small gain on buying; silver slips at close: Silver (.999 fineness), nevertheless, declined by Rs 198 to Rs 43,472 per kg at 1700 hrs as against Rs 43,670 past. Globally, the yellow metal maintained its surge and hit a three-week significant on weak dollar following the US Federal Reserve’s recent policy meeting minutes indicated interest rates might stay at record lows. Gold for June delivery rose USD 14.60 to settle at USD 1.320.50 an ounce about the Comex division of the NYMEX late past, when silver May contract added 32 cents to end at USD 20.09 an ounce.
For the original adaptation including any supplementary pictures or movie, see http://www.saharasamay.com/business-news/676551380/gold-and-silver-prices-gold-and-silver-jewellery-prices-gold-and.html

We here at Hip Hop Bling feel which this really is an outrage which you need to not stand for any longer. Our classic hip hop fashion chains feature most timeless chain designs which were common over the decades including Figaro Chains, Cuban Curb Chains plus Mariner Chains.Our designs come inside a variety of different sizes plus hues crafted to suit merely about anybody. These stores are prepared with top quality and durable core information so that they may be extended lasting products that you will carry about for a long time. Generally, hip hop style stores like these may run for thousands of $ at a local jewelry store. Due to the gold and silver prices skyrocketing, the prices for your average gold, silver, or platinum chain may only receive worse nevertheless there are the same look here for a fraction of the expense of those excellent end jewelers. This really is because each are plated with a thick coat of pure sterling silver or 24k gold. However, these are still significant quality jewelry created with care. Our jewelry is hand polished to a mirror like shine plus has the look, yet more importantly the feel of real fine jewelry. Our gold plus silver chains are thick plus durable, yet also comfortable enough to wear throughout those extended nights at the club. Our stores are prepared with these care and are thus top quality that the only individual whom can recognize it is these a low cost is you. Some of our most well known chains are the stainless steel stores that are very good plus solid feeling. Thanks to the toughness of the metal, our stainless steel chains sport distinctive plus intricate designs that are impossible about alternative soft metals and plated jewelry. Stainless steel enables our jewelers to achieve a level of precision that is usual among alternative top quality jewelry like Rolex, Omega and Breitling. About HipHopBling.com Hip hop bling concentrates on quality plus value, not only price. While other websites offer cheaper low standard goods with a plastic core, flash plated finishes plus cloudy, stuck about stones, Hip hop bling takes our standard to another level. We are truly the only site about the internet which use strong metal plus brass cores about all our jewelry, offering the piece the look however, most importantly the feel of real fine jewelry.
For the original adaptation including any supplementary images or video, visit http://www.transworldnews.com/1583246/c3/as-prices-of-gold-and-silver-skyrocket-high-quality-plated-hip-hop-jewelry-is-more-in-demand

Gold Scarce, India`s Silver Jewellery Exports Double – Gold News – Mineweb.com Mineweb

BJP prospect Bappi Lahiri declares Rs.12 crore assets-Aaj Ki Khabar

India’s silver jewellery exports rose 45.33% to $84.1 million inside February 2014, and jumped 89% in the 11-month period to $1.35 billion, according to information within the Gems plus Jewellery Export Promotion Council. Council data furthermore showed that silver jewellery exports rose 109% between April 2013 and February 2014, to $1.3 billion (Rs 81.4 billion) from $642 million (Rs 38.85 billion) in the same period of the past financial year. Pankaj Parekh, vice chairman of the Council said it was not really silver jewellery that shone in the overseas marketplace, however, rather exports of silver utensils, artifacts and different silver articles too continued with their upward trend to the US, components of Europe and Japan. “With the price of gold plus palladium moving up, it was 14 carat white gold which was most preferred by visitors in these nations. In nearly all of the parts, diamond studded jewellery has become unaffordable. Sterling silver, with an alloy with 92.5% silver content, has become acceptable because it happens to be identical in looks, but cheaper than white gold,” Parekh mentioned. Maintaining which Indian jewellers were increasingly exporting diamond studded sterling silver jewellery to several nations, he said which the scarcity of gold as a raw material was additionally making domestic jewellers shift to silver jewellery. Tags: Mining, investments, gold jewellery, silver jewellery, India, US, Europe
For the authentic adaptation including any supplementary pictures or movie, visit http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=237443&sn=Detail

Famous for sporting chunky gold stores, Lahiri declared inside his affidavit that he possesses 754 grams of gold jewellery worth around Rs.17 lakh and 4.62 kg of silver valued at over Rs.2 lakh. However, his spouse Chitrani owns more jewellery. She has 3.2 carat diamonds worth over Rs.4 lakh, 967 grams of gold ornaments worth over Rs.20 lakh plus 8.9 kg of silver valued at over Rs.3 lakhs. Lahiri’s total moveable assets are valued at Rs.29,394,661, including bank deposits of Rs.978,411. He invested Rs.9,835,000 inside purchasing his five vehicles, including a BMW and an Audi. His immoveable assets, that include a residential flat plus five acres of agricultural land, are valued at Rs.9 crore, whilst his wife has Rs.5 crore worth of self-acquired immoveable assets. Lahiri’s liabilities, including bank financing, are pegged at Rs.1.17 crore, whilst he has loaned Rs.15,593,797 to others. A non-matriculate, the famed musician has shown Rs.3,263,960 because his income for the year 2012-13 plus has never been accused of any offence.
Read More at http://www.aajkikhabar.com/News/Lok-sabha-election-2014/BJP-candidate-Bappi-Lahiri-declares-Rs-12-crore-assets/760066.html

Us Witnessess Robust Silver Jewellery Sales In 2013 | Www.commodityonline.com | 3

19 Mar 2014 WASHINGTON (Commodity Online): Silver jewelry sales inside the United States were robust in 2013, with 73% of jewelry stores reporting improved sales last year, according to Silver Jewelry Purchasing Trends, a survey conducted by the prominent jewelry trade publication National Jeweler on behalf of the Silver Institutes Silver Promotion Service. The study also finds that silver jewelry has become an increasingly important category for many jewelers for the previous many seasons, both in driving sales and providing margin. Highlights within the survey include the following: Retailers said their silver jewelry sales, as a percentage of their overall jewelry sales, were about average 33% of their device volume plus 29% of their dollar volume. The average heighten in 2013 for silver jewelry sales was 17%. 66% of the jewelry stores mentioned their 2013 holiday season sales of silver jewelry improved over the 2012 christmas season. The right maintained margins throughout the holiday season were as follows:(Percent rating category because best) Silver Jewelry -36% Gold Jewelry -13% Platinum Jewelry-6% 92% of stores say they are optimistic which the present silver boom will continue for the next years.The study was fielded in February for the Silver Institutes Silver Promotion Service (SPS). The objective of the SPS is to develop and implement programs crafted to enhance silvers image plus stimulate need for silver jewelry inside major international markets. This was the fifth straight year that the SPS has performed these a study. SPS Director Michael Barlerin commented, While you already had anecdotal info from our system participants which 2013 had been an exceptional year for them, it was gratifying to find the quantifiable results within the study. Additionally, the five straight year-over-year results are maybe the most compelling I have ever seen. YOUR RESPONSE
See More at http://www.commodityonline.com/news/us-witnessess-robust-silver-jewellery-sales-in-2013-58270-3-58271.html