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The Central Board of Indirect Taxes and Customs is initiating the formation of a panel to deal with the issues raised by the gems and jewelry trade related to customs clearances. The trade has highlighted points such as the shortage of valuers, challenges with the hand-carriage of gems and jewelry, and considerations concerning the Remission of Duties or Taxes on Export Products scheme. Paying homage to the Edwardian era, intricate gildings and patterns will adorn the jewellery items of 2024. These designs will showcase refined details, textures, or curves, making a classic piece stand out. Whether it’s pavé set diamonds, a halo setting, or embellished bands, these pieces will embody femininity and grace. The Art Deco era, known for its bold, geometric patterns, and lavish accents, is set to influence the daring gold development of 2024.

Of course, in the good old days De Beers was the custodian – the trade steward – ruling as a dominant monopolistic drive. There are signs that the business has elevated the importance of this practice, with the emergence of various blockchain companies. The old ‘Supplier of Choice’ strategy tried to get the sightholders to drive shopper demand; however, from my perspective, this was …

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