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Hong Kong and Italy jewellery fairs face more delays, cancellations - Jeweller Magazine: Jewellery News and Trends

Hong Kong and Italy jewellery fairs face more delays, cancellations Posted April 21, 2021 | By Arabella Roden • Editor The ongoing COVID-19 pandemic has led to the postponement of several international jewellery and watch fairs in 2021, including Italy’s Oraorezzo, the Hong Kong shows and the successor to Baselworld, HourUniverse. Less than two months before the fair was scheduled to begin, Oraorezzo organiser the Italian Exhibition Group (IEG) has confirmed the show will not take place this year. It is impossible to imagine that big buyers from the Middle East, the United States, Asia and all the other strategic markets for Italian export, will be able to come to Arezzo in June

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Indian diamond industry: Looking forward

08 march 2021 22 february 2021 Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs. The Indian diamond trade has asked the Government for an amendment in taxation provisions to allow the sale of rough diamonds in the Special Notified Zone (SNZ) in Mumbai; and exemption of two-per cent equalization levy on rough diamond sales. According to industry members, miners could pay a ‘turnover tax’ not exceeding 0.16%, which is the prevailing rate in Belgium. Labourers are also demanding implementation of labour laws and Factory Acts in the diamond factories, claiming that around 10 polishers across the state had committed suicide in the last few months due to joblessness.

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