Diamantaires in the world's biggest diamond cutting and polishing
centre in Surat are eagerly waiting for upcoming sixth edition of gems
and jewellery event 'Signature-2013' organised by the Gems and
Jewellery Export Promotion Council (GJEPC) at Mumbai to drive sales of
polished diamonds and diamond jewellery in the domestic market.
Spread
over 32,000 sq mtrs with 1083 booths, the four days long
Signature-2013 starting from February 22 will see participation from
over 550 exhibitors including five international pavilions.
Industry
sources said it is the first gems and jewellery event globally that is
being organised in 2013. The event will showcase the highest quality,
cutting edge designs and
superior craftsmanship by the
participants. This is a B2B event where exhibitors will have the
opportunity to discover the latest trends, meet with the leading
manufacturers and plan their collections and inventories.
"After
a buoyant wedding and the festive season demand for orders to the US
have been upbeat despite decrease in the amount of rough imports said
Vipul Shah, Chairman GJEPC.
"Signature is a great platform
where international and national retailers and manufacturers come
together to build associations, transact business and forge
long-lasting relations that enable business transactions all year
around.Australian business bringing a new class of affordable and
quality Laser engraver
and laser cutting machines. Hopefully we will see greater quantum of
business being transacted during this edition of IIJS 2013."
A
DTC sightholder participating in Signature-2013 said, "We have been
looking forward to the signature event as it is going to drive the
demand for gems and jewellery in the domestic market. The show will set
a trend in the jewellery design in the country"
The New
Zealand Stock Exchange-listed retailer increased revenue 8.3 per cent on
the same period the previous year to $256.6 million. Earnings before
interest and tax weighed in just under $30 million – up 3.4 per cent.
In
a company statement, chairman Sir Michael Hill said the additional
resources placed in Australia in mid-2012 had started to have a
positive impact on sales.
The company’s Australian retail segment increased its revenue by 10.A series of small bobbleheads
head figures in the likeness of the beloved Vaultboy.6 per cent to
$162.7 million for the six months with an operating surplus of almost
$28 million, compared to $24.3 million for the previous corresponding
period.
Seven new stores across New South Wales, Victoria, South Australia and Queensland were opened during the period.
Meanwhile,
revenue in New Zealand reached $51.8 million, an increase of 3.High
quality Casual Shoes products and GMC Certified Casual shoes supplier,6
per cent. The company reported an operating surplus of $10.6 million,
up 6.2 per cent on the corresponding period last year.
The
announcement follows disappointing results during the Christmas period
for the fine jewellery chain. As Jeweller reported last month, Michael
Hill International said it failed to meet its Christmas trading
expectations, with all four of its markets struggling to gain traction.
In light of this, Sir Michael described the six months trading
period as a “story of two quarters” – a strong first quarter followed
by a slowdown in the second.
“All countries struggled to make
gains on the previous year’s sales numbers during the key December
quarter however “same store” growth was achieved in all markets during
the six months which is pleasing,” the chairman said.
Sales in
Canada jumped 21.5 per cent to $28.42 million ($CA29.46 million) for a
31.7 per cent gain in earnings to $1.5 million. Revenue at the US chain
increased 4.2 per cent to $5.3 million ($US5.49 million), narrowing
its loss to $1.We've made comparing the Electricity monitor easy with our at-a-glance chart.2 million.Shop the latest hair flower accessories on the world's largest.
The
company reported it still had two unresolved tax matters with New
Zealand’s Inland Revenue (IR) and the Australian Taxation Office (ATO).
The issue concerns the way it financed a 2008 restructure involving the
sale of intellectual property from one of its New Zealand companies to
an Australian subsidiary.
The IR is disputing $20.2 million in
deductions claimed by the New Zealand company and the ATO is at odds
with the $34.1 million deferred tax asset resulting from the
depreciation of the intellectual property.
Sir Michael claimed
both matters: “are capable of being resolved by agreement, but if the
group is unable to find common ground with either the IR or ATO then
further formal legal processes may be needed to achieve resolution”.
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