Gemfields received $ 30.4 million in a recent auction rubies and corundum in Singapore. As noted in the company, prices showed improvement gemstone market.
Company sold 1.1 million carats of rubies and corundum total 1.4 million carats with deposits Montepuez (Montepuez) in Mozambique. At the auction, 85% of the lots were sold by volume and 80% - at a cost.
The average price of $ 27.79 per carat showed "good overall global demand" compared with previous auctions, said the Gemfields.
"The prices achieved at auction, combined with a high percentage of stones sold at cost, fully support the forecasted strong demand for responsibly mined Mozambican rubies in key markets and product categories," - said Chief Executive Officer Jan Gemfields Herbotl (Ian Harebottle).
Gemfields sold rough gems in the amount of $ 41.1 million since the beginning of 2017 fiscal year, which began July 1. Also included sales of emeralds and beryl from the mine Kagem (Kagem) in Zambia.
http://www.feedlisting.com/rss-feed-url/898220.html
1 comment:
India's Ministry of Finance on April 23 officially announced the convening of the Subcommittee to address the problems associated with the introduction of the excise tax on jewelery in the country. At the same time, it has postponed the date of completion of the registration of the jewelers in the Central Excise department before July 1, 2016, reports portal gjepc.org.
According to the circular of the Ministry, the committee will include Dr. Ashok Lahiri (Dr. Ashok Lahiri), Chairman; Gautam Ray (Gautam Ray); Rohan Shah (Rohan Shah), a legal expert; Manoj Kumar Dwivedi (Manoj Kumar Dwivedi), secretary; and Alok Shukla (Alok Shukla), Secretary of Revenue.
In addition, the document states that the subcommittee should be consistent with the Ashok Lahiri.
In addition to this, the government has once again reported that the subcommittee will address problems associated with the appropriate procedures of levying excise. The subcommittee will solve the problems of reporting, operations and other similar questions. All trade associations in India will be able to send in their Subcommittee presentations in printed form, and each of the All India Federation has received the right to do it personally.
Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) said in a letter to its members, to which was attached and the official circular of the Ministry of Finance that it is preparing to submit to the Committee its own presentation. It will be dedicated to the facilitation of procedures relating to the collection of excise tax on jewelery. The Council invites its members to submit their own proposals on the subject before making up your presentation.
Post a Comment