DTAA rates for royalty XYZ Pvt Ltd, is a dealer in gem stones, and is exporting the goods to the overseas buyers and also to domestic buyers. It is making royalty payment to a Singapore Company in relation to use of brand name. Could you please let us know that whether the rate mentioned in DTAA i.e. 10 per cent ... Read More »
Gold saw a movement of US $61 during the week ending 27th July over the hopes of clues from Central banks of US and Europe. Nymex gold grew since the beginning of the week on the hopes over FED and ECB’s further step on reviving their economy. However, Investors faced disappointment as no clear hint was given by Fed chairman ... Read More »
In the last ten years Indian gold prices have risen by around 520 per cent (from Rs 5,700 to Rs 30,200). With rise in prices of gold, price volatility has also risen in a big way. Pure gold jewellery sales seems to be loosing to silver, diamonds and others. Pure gold jewellery workers has been displaced and some of the ... Read More »
The most awaited day in a women’s life is the day of her ‘ Wedding.’ And an Indian bride’s trousseau is incomplete without a few pieces from her mother’s jewellery collection. The attachment a mother holds with her daughter is reflected in the ancestral jewellery she passes on to her; similarly for a daughter it’s not just a mere jewellery ... Read More »
Amritsar police have cracked a cyber crime case in which a local jeweller’s son has been booked for allegedly trying to dent the reputation of city based Khurana Jewellers by shooting frivolous e-mails to its customers. In July, Munish Khurana, a shareholder in Khurana Jewellers, had lodged a complaint with the Civil Lines police that an unidentified person was allegedly ... Read More »
Kure Gold Jewellers of Dubai is thinking of expanding its operations to Sri Lanka. Pure Gold Jewellers which operates more than 100 stores across the Middle East. This will be followed by other countries like Maldives and Malaysia with new stores in a span of five years. “The ministry of industry & commerce is facilitating jewellery industry development through initiatives ... Read More »
A massive jewellery manufacturing complex is being constructed in the National Industrial Park in Hubei Province. It will be the largest manufacturing facility of its kind in China which is expected to become operational in 2015. Located in Wufeng district, the Three Gorges International Jewellery Complex aims to engage in the complete production pipeline mainly focusing on high-end jewellery, from ... Read More »
jewelers of America (JA), the national trade association for businesses, serving the fine jewellery retail marketplace has announced the appointment of David Bonaparte as their next President and CEO. Bonaparte will succeed Matthew A Runci when he retires in January 2013. JA’s board of directors (BoD) approved this appointment at their semi-annual meeting conducted. As Sr Vice President, JCK Brands ... Read More »
H ong Kong’s largest gold-storage facility, which can hold about 22 per cent of the bullion now in Fort Knox in the US. will open in September to meet rising demand from banks and the wealthy, according to owner Malca-Amit Global. The unit, located on the ground floor of a building within the international airport compound, has capacity for 1000 ... Read More »
Despite the recent reports of an economic downturn in China, luxury companies continue to build their extravagant retail spaces for the growing mass of wealthy and middle class shoppers. The latest example of this is Swiss luxury watch brand, Hublot, which opened its second boutique in Shanghai. Located on Nanjing West Road, an area known for its concentration of top ... Read More »