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Bling in my Rakhi: Why jewellers are betting on gold-plated, diamond-studded Rakhis

Jewellers pitch gold rakhis, diamond rakhis and gems studded rakhis as a fashion statement and an investment.

Mumbai , Maharashtra , India , Surat , Gujarat , Jaipur , Rajasthan , Rakhi , Chhattisgarh , Tarang-arora , Jewel-raimalani , Vastupal-ranka

Passion for bridal gold will continue - Times of India

Passion for bridal gold will continue - Times of India
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Rajkot , Gujarat , India , Pune , Maharashtra , Vastupal-ranka , Rare-jewels , Ranka-jewellers , ராஜ்கோட் , குஜராத் , இந்தியா

Busting myths about diamonds - Times of India

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A diamond may be a chunk of coal that did well under pressure but it's a thing of beauty, and one cannot describe its magnificence in words. Despite being a solid form of carbon that has become the star of the gem and jewellery industry, there are various myths that surround it and we thought we'll bust them for all the diamond lovers.
Bad investment option
Firstly, diamonds may be the first choice of all jewellery lovers, but it is always assumed that they are not a good investment option. Vastupal Ranka, Director, Rare Jewels from the House of Ranka Jewellers wants people to stop assuming that diamonds are a bad investment option. "It is an assumption that unlike gold, diamonds are not a lucrative investment. The reality is different. For example, Diamond solitaires bought 5-7 years ago have appreciated 40-50% of the price. Every ornament made with diamonds is backed by a certificate of guarantee and authenticity by the jeweller," claims Ranka.

United-states , American , Saurabh-khandelwal , Vastupal-ranka , Rare-jewels , Ranka-jewellers , Dhanvi-diamonds , Diamonds , Diamond-myths-busted , Diamond-myths , Diamond-check

Budget 2021: Gems and jewellery industry cheer decision to cut import duty on gold, silver

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Budget 2021: Gems and jewellery industry cheer decision to cut import duty on gold, silver
The Modi government has announced a cut in the import duty on gold and silver, a move welcomed by the industry as it will bring down prices of precious metals in the domestic market and boost exports of gems and jewellery. Finance Minister Nirmala Sitharaman in her budget speech said that to bring the prices of precious metals closer to previous levels, the government will rationalise customs duty on gold and silver.
Gold and silver presently attract a basic customs duty of 12.5 per cent. Since the duty was raised from 10 per cent in July 2019, prices of precious metals have risen sharply. But the government in the Budget cut the customs duty on gold and silver to 7.5 per cent while duties on other precious metals were cut down to 6.9 per cent on gold dore bar from 11.85 per cent; 6.1 per cent on silver dore bar from 11 per cent; 10 per cent on platinum from 12.5 per cent; 10 per cent for gold/silver findings from 20 per cent; and 10 per cent on precious metal coins from 12.5 per cent.

India , Nirmala-sitharaman , Saurabh-khandelwal , Vastupal-ranka , Colin-shah , Gem-jewellery-trade-council-of-india , Development-ces , Development-cess , Jewellery-export-promotion-council , Image-source , Minister-nirmala-sitharaman , Agriculture-infrastructure

Budget 2021: Gems, jewellery industry seeks cut in import duty, GST

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Budget 2021: Gems, jewellery industry seeks cut in import duty, GST
The gem and jewellery industry has a lot expectation from the Modi government in the upcoming Union Budget 2021-22. The industry wants the Centre to reduce customs duty on gold, withdraw of tax collected at source (TCS), cut in import duty on polished precious and semi-precious gemstones.
According to Ashish Pethe, the chairman of All India Gem and Jewellery Domestic Council (GJC), the government should assess the adverse impact of higher import duty on the jewellery trade and suggested to cut the customs duty to 4 per cent from the current 12.5 per cent.Â

India , Vastupal-ranka , Surabh-khandelwal , Jewellery-domestic-council , Union-budget , Image-source , Ashish-pethe , All-india-gem , Dhanvi-diamond , Rare-jewels , House-of-ranka-jewellers , Budget-2021

Gold to glitter more in 2021! Yellow metal to break records - Predictions

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Gold to glitter more in 2021! Yellow metal to break records - Predictions
Buying gold is always considered a trustworthy investment. In 2020, the gold price reached an all-time high of Rs 56,191 per 10 grams. Analysts predict that the precious metal is likely to glitter more in 2021. They believe that outlook for the yellow metal is strong amid signs of economic revival post-Covid induced lockdowns and restrictions.
2020 began with gold at Rs 39,100 per 10 gram. The domestic price hit a low of Rs 38,400 in March from where it steadily reached Rs 56,191.
According to Vastupal Ranka, director of Rare Jewels from the House of Ranka Jewellers, the pandemic led to an increase in the price of the yellow metal and the stimulus triggered a sharp rise in investment buying in the domestic market. He said the outlook for gold remains strong, mainly due to fresh stimulus expectations. The price of gold in 2021 is likely to breach the level of Rs 63,000 per 10 gram.

India , Saurabh-khandelwal , Vastupal-ranka , Image-source , Rare-jewels , Ranka-jewellers , More-investors , Dhanvi-diamond , Gold-price , Gold-price-today , Gold-price-news

Best jewellery trends of 2020 - Times of India

Best jewellery trends of 2020
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Best jewellery trends of 2020
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By -
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This year has been a roller coaster ride for a lot of us. While it confined us to our respective homes, it exposed us to a virus that refuses to leave the planet. As we look forward to 2021 with a new hope, we also look back with all humility at the things 2020 taught us in the terms of life, sustainability and subtle fashion. The year saw everything meaningful take the centrestage and the same happened in the world of fashion - minimalism took over, even in the world of jewellery. Here's a look back at the trends that dominated the jewellery industry in 2020.

Saurabh-khandelwal , Vastupal-ranka , Arpit-goyal , Deepshikha-gupta , Rare-jewels , Ranka-jewellers , Dhanvi-diamonds , Diamond-polki , New-year , Stock-images , Ambrus-jewels