US Jewelry Council (United States Jewelry Council, USJC) will hold an event for the jewelry industry, dedicated to the most important question of trust to the industry - undisclosed synthetic diamonds.
The round table will be held on November 1 at the Waldorf Astoria in New York and will be called "Unsolved diamonds grown in the laboratory: the discovery and disclosure of the discussion." It is intended to openly address the topic, which is facing the jewelry industry on a national and global scale.
In addition to the 13 US-based jewelry trade associations that are members of USJC, the event is also supported by the World Federation of Diamond Bourses (World Federation of Diamond Bourses, WFDB ) and the International Diamond Manufacturers Association (International Diamond Manufacturers Association, IDMA) .
"The success of the US jewelry industry depends on consumer confidence in the products of our members," - said Ronnie Vanderlinden (Ronnie VanderLinden), Chairman and President USJC IDMA. - Jewelry US Council considers that one of the ways for the jewelry industry to improve consumer confidence - a discussion of important issues, such as the identification of undiscovered diamonds grown in a lab. "
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Due to a drop in the price of gold imports into India has less impact on the current account deficit of the trade balance of the country, the chairman of the All India Federation of dealers in precious stones and jewelery (All India Gems and Jewellery Trade Federation , GJF) GV Sridhar (GV Sreedhar). According to Bullion Bulletin, he urged the Indian government to reduce the 10 per cent duty on gold imports.
It is expected that in the context of high demand in this fiscal year in India is imported 1,000 tonnes of gold against 850-860 tons in the 2011-2012 fiscal year, when import duties increased from 2% to 4%. In the 2012-2013 fiscal year, it was increased to 10%.
Meanwhile, this year's imports of 1,000 tonnes of gold in India would cost $ 36 billion, against imports of 860 tonnes of gold last year, which cost $ 52 billion. The price of gold plummeted in recent months.
"This means that gold is no longer as significant a factor in the increase in the deficit of the current balance of trade India's central government has graciously accepted our proposal to reduce fees up to 2% We expect that the new budget of India will provide for such a measure..", - says Sridhar .
He also said that the authorities should allow jewelers to play a more prominent role in the collection of gold for monetizatsionnoy scheme, giving them a commission for participating in it. Family jewelry companies that enjoy high credibility buyers can persuade them to part with old gold jewelry, if the commission would be approximately 0.5%.
"Instead of concentrating only about 13,000 jewelers who have received certification of assay centers, the government should attract the maximum number of jewelry stores in gold monetization scheme, defining the criteria business opportunities and infrastructure available to them", - concluded the chairman of GJF.
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