According to preliminary data of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India, the total volume of exports of jewelery segment of the country in January 2017 amounted to 2.97 billion, only 1% lower than the $ 3 billion January 2016.
The total volume of exports of gold jewelry (such as precious stones or without them) fell by 25% in January 2017 to $ 397.7 million, versus $ 530.3 million in the same period last year.
Export of gold medallions and coins rose to $ 496.5 million, versus $ 455 million a year earlier.
The export of silver jewelry from India fell in January to $ 253.6 million versus $ 266.2 million a year earlier.
Exports of colored gemstones from India increased by 11% in January to $ 41.4 million versus $ 37 million in the same period last year.
In April 2016 - January 2017 (from the beginning of the tax period), total exports of jewelery sector in India grew by 10.6%, to $ 35 billion, compared with $ 31.7 billion in the same period a year earlier.
In the same period, exports of gold jewelry (such as precious stones or without them) grew by 10.7%, to $ 7.53 billion versus $ 6.8 billion in the same period a year earlier, and medallions and coins exports fell 4.2%, to $ 4.33 billion.
at the same time, export of silver jewelry from India grew by 16.37% in April-January, to $ 2.94 billion, while exports of colored gemstones fell by 3.95% to $ 326.33 million.
http://www.feedage.com/feeds/23910346/pearl-jewelry-pearl-necklace
1 comment:
A well-known Zimbabwean lawyer noted that the planned consolidation of diamond mining companies and mines in the country would lead to a catastrophe in this segment of industry.
"Combining companies is always a difficult process, even more difficult than getting married," said Sternford Moyo, senior partner of Scanlen and Holderness, at a meeting on the mining industry in Zimbabwe in Harare, the capital of the country.
It will not be easy to "reconcile" with its partners-diamond companies, he added. "It will not lead to anything good," said Moyo.
The lawyer also commented on the statements of the mining minister of Zimbabwe Walter Chidhakwa (Walter Chidhakwa), which he made at the same meeting. The minister said that, That Zimbabwe is not going to back away from its plans to modernize the diamond industry, and that companies that do not agree with the merger will have to withdraw from this business.
Meanwhile, Moyo said that forcing diamond companies to this "marriage of convenience" will lead to problems.
"Forced consolidation in this sense is worse than forced marital union," he said, "It is usually preferable to obtain corporate permits when conducting any transactions." When permits are not available and there is no consent of investors, very big problems are likely. "
Moyo said that if the goal of the official Harare is to strengthen the position of weakening diamond companies in Zimbabwe, the government will not be able to achieve it by such methods.
" If the goal is to strengthen the position of weakening diamond companies, I can assure you that if you put them together, a single strong company will not work.
If you are not going to solve the problem, you will only multiply it, "the lawyer added.Moyo also noted that Zimbabwe should send the right signals to foreign investors if the country plans to attract foreign capital.
Post a Comment