Making Surat Diamnd Bouse India’s diamond hub -- Mahesh Gadhavi
The Surat Diamond Bourse, estimated to start operations this year, would be India's second diamond trading hub. Spread across 35 acres, it aims to provide state-of-the-art infrastructure to organizations engaged...
https://www.freepressjournal.in/business/the-world-loves-gold-india-confused-amid-uncertain-economic-situation
India is confused about dealing with gold
RN Bhaskar -- January 16, 2020
In the aftermath of the US armed forces assassinating General Soleimani of Iran, prices of gold spiked. The more the world becomes an uncertain place, the more people...
http://www.freepressjournal.in/gms-needs-polishing-for-brighter-glow/
Gold Monetization Scheme needs polishing for brighter glow
— By RN Bhaskar | Nov 19, 2015 12:00 am
It is heartening to see the government pushing the GMS (Gold Monetisation Scheme). After decades, the government has finally become quite serious about mobilising...
Sanjay Kothari and the transformation of the gems and jewellery trade in India
Sanjay Kothari has been a diamond industry player (Kunal Diamonds) for five decades with forward integration into jewellery. He has been involved with GJEPC since 1996 in...
https://www.freepressjournal.in/analysis/jatin-mehta-files-a-usd-5-billion-suit-against-de-beers-stanchart-and-kroll
Kroll's refusal to face facts
The Jatin Mehta submissions before the Surat court have squarely put the blame on Kroll, which it says acted in concert with De Beers and SCB. Also see report at https://asiaconverge.com/2022/07/jatin-mehta-sues-debeers-stanchart-kroll-for-5-bn/
From the court documents, it...
https://www.moneycontrol.com/news/business/commodities/gold-needs-some-very-urgently-needed-policy-changes-4820471.html
Policy changes for gold urgently required
RN Bhaskar -- January 15, 2020
Successive governments in India have waffled on gold policies for long (http://www.asiaconverge.com/2019/11/urgent-needfor-gold-reforms/). As a result, the entire gold trade was allowed to either go underground, or go to seed.
The...
Vallabhbhai Patel has become the largest player in the diamond industry
Like so many in the industry, Vallabhbhai Patel has a village upbringing and agricultural background. From there, to building a company in India which is the largest worldwide in...
Source: http://www.moneycontrol.com/news/business/economy/this-is-how-government-can-clean-up-gold-trade-and-make-it-both-healthy-profitable-2327393.html
Gold - III :
Three steps which can clean up the gold trade in India
(part-I can be found at http://www.asiaconverge.com/2017/07/india-loves-gold1/; and
part II at http://www.asiaconverge.com/2017/07/duties-taxes-corruption-government-abets-smuggling-gold/)
Rn bhaskar Jul 17, 2017 02:40 PM IST | Source: Moneycontrol.com
The need for a fresh approach...
Vipul Shah and his world of diamonds
Vipul Shah, current GJEPC Chairman, has held this post even earlier, from 2011-2015, and has also held office as vice chairman from 2020 to 2022. His vast experience in the trade enables him...
https://www.moneycontrol.com/news/business/economy/how-the-governments-gold-policies-make-indias-neighbours-richer-and-this-country-itself-poorer-4574121.html
India's gold policies have impoverished the country
RN Bhaskar -- Oct 25 2019
In 2013, P Chidambaram decided to impose a 10% import duty on gold (https://in.reuters.com/article/india-tax-finmin/gold-duty-raised-to-record-10-percent-as-imports-revive-idINDEE97C03J20130813). The finance minister was quite savvy about the way financial markets work.
He knew too...
