May 16
Indian Gem and Jewellery Industry have been under pressure in FY 2011-2012. A marginal decline of 0.36% in the period has been witnessed due to the decrease in trading exports of diamonds. Retail jewellery took a hit after Akshaya Tritiya due to the decreasing rupee against dollar. Gold Jewellery Export • In FY 2011-12, the … more
May 13
In January, 21 Indians amongst 33 foreigners were arrested in Shenzhen for smuggling diamonds worth millions of dollars from Hong Kong to mainland China to avoid the 4 percent import duty. Though being a part of China, Hong Kong is a duty-free import area for rough diamonds while China demands the custom duty of 4 … more
Le Beau Sancy, The Oldest Diamond Sold For USD9.57 Million
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