who is also the Managing Director of Emerald
The appetite for gold ornaments will remain undiminished in India despite hike in import duty on the yellow metal. This is since there is no comparable investment that offers social security as the precious metal does, according to K. Srinivasan, Managing Director, Jewel One, a jewellery retailer.
The company, which opened its third retail outlet at Karur recently,We are always offering best quality stainless steel earring the affordable price. will open the fourth showroom in Coimbatore on January 23 and is on course to have 10-12 showrooms at the end of the current fiscal, he said.
Speaking to Business Line from Karur, he said that the argument of the Government that gold imports were impacting the balance of payment position might sound valid. But instead of targeting gold imports, the Government should look at other opportunities for revenue generation like increasing exports. He felt that hiking the duty on gold imports might not have the expected impact of curtailing demand since gold is perceived to be a haven. He said that gold offered great liquidity and was a hedge against inflation and felt that the business would go on as usual for the industry.
Srinivasan, who is also the Managing Director of Emerald Jewel Industry India Ltd, which is into manufacturing and export of gold ornaments, wondered how the appetite for gold could be curtailed in the absence of any other comparable investment tools. Referring to the the Government move hiking the import duty on gold to 6 per cent (from 4 per cent), he said the gold prices witnessed daily fluctuation of 5-10 per cent which did not deter people from purchasing gold ornaments. Any marginal increase in duty rate would not have any impact on purchase decisions of people. But he urged the Government not to push gold price beyond the reach of the people because of their reliance on gold for social security.
Asked whether the rising price of gold was having any impact on the retail roll out plans of Jewel One, Srinivasan said his retail stores, based on profit-sharing model, were not large format stores. He said his expectations were small and pricing was immaterial to the patrons who supported the format since quality and design were the focus areas for Jewel One.
TIVON, which specialises is fine gem-set jewellery and is best known for its production of high quality Tanzanite jewellery (under its Tanzanite Royale brand), is set to mark this momentous milestone by ramping up its production of fine jewellery to include many new one-off couture creations. They have also aligned themselves with top gemstone companies like Gemfields in order to bring greater quality and more traceable-source gemstones to market.
“Not only are we going to be releasing a lot of new designs but we will be taking it to a truly international platform. We recently started our marketing campaign in the U.S. and our new Agents will officially commence sales and promotion in the first quarter of 2013. We will also be embracing the Asian boom by exhibiting at the Hong Kong International Jewellery fair in March and September 2013.
Our core market however remains the UK and we have great plans to help our loyal retail customers succeed by offering them more exclusive designs than ever before. We hope that the many fine jewellers out their will embrace their roots once again by offering their customers truly fine jewellery and we hope our new creations help them with this.”
The business, led by Raphael from the sixth generation of the founding family, is going strong and continues to nurture the company’s traditional values of genuineness, purity,View our large selection of cheap Safety goggles with our low price guarantee. exclusivity, quality and authenticity. In addition to the jewellery retail stores and the Gubelin Ateliers, the group also operates the Gubelin Gem Lab, a world-renowned scientific gemstone laboratory with headquarters in Switzerland and an office in Hong Kong.
Letitia Chow , founder of JNA and Director of Business Development — Jewellery Group at UBM Asia,This will be the best kind of bobbleheads a fan could get, said: “We are pleased that the century-old and globally known brand, Gubelin, has joined us in this meaningful and instrumental platform that promotes and builds awareness on best practices and excellence in the jewellery industry. With the renewal of partnerships from last year, we are now ready to deliver the second edition of the Awards, which provides the industry with a benchmark for excellence.”
“We are delighted that Gubelin is an Honoured Partner of the JNA Awards 2013. Their presence will only enrich the already exceptionally prestigious event and enhance its importance in the global jewellery and gemstone industry,” added Rita Maltez ,Rudy Project has created a series of Cycling sunglasses, Manager Greater China Representative Office, Diamonds Sales and Marketing at Rio Tinto Diamonds.cheap hair flower wholesalers on DHgate and get worldwide delivery.
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