Gems And Jewellery Trade starts with GST Software

The diamonds and gems exchange has practically finished the advancement of the product required for GST execution slated to put into impact from July one this year.

"The product advancement for GST execution in the diamonds and gems exchange is practically entire. Presently the gem specialists the nation over would be instructed about the different parts of the product through online courses," Nitin Khandelwal, administrator of Gems and Jewelry Trade Federation told journalists here today.

The league invited GST yet in the meantime communicated worry about a few viewpoints, which, if not tended to would influence the whole business.

The exchange had looked for a GST collect of 1.25 for each penny. "On the off chance that the rate is settled over that, then there will be mayhem and rebelliousness. We are as yet examining the issue with the administration."

The other concern was that the "karigars" (laborers) were required to enlist with GST in the event that they get Rs 20 lakh for each year.

"We are requesting that the farthest point be raised to Rs 50 lakh for each year," he said.

About the reception of digitization by the exchange, he said that 75 for each penny of the exchanges had moved to the advanced mode and the adjust was in real money.

The exchange had likewise asked the administration for waiver of charges on exchanges made through charge or Visas.

The business had sorted out a three-day organizing meeting of favored producers of the nation here
.

Reference : http://economictimes.indiatimes.com/news/industry/cons-products/fashion-/-cosmetics-/-jewellery/gems-and-jewellery-trade-ready-with-gst-software/articleshow/57855324.cms

Bead-Cultured and Non-Bead-Cultured Pearls from Lombok, Indonesia

A view of the Lombok farm from the shoreline showing the covered area where the operating and harvesting steps are carried out. Photo by Jeffery Bergman | Sources - GIA


Bead-Cultured and Non-Bead-Cultured Pearls from Lombok, Indonesia: Documents the retrieval and testing of P. maxima cultured pearls from a Lombok hatchery.

Book Review: Stoned: Jewelry, Obsession, and How Desire Shapes the World | Gems

Book Review: Stoned: Jewelry, Obsession, and How Desire Shapes the World | Gems: Review of Jewelry, Obsession, and How Desire Shapes the World by Aja Raden

By Aja Raden, hardback, 368 pp., illus., publ. by Ecco/HarperCollins, New York, NY, 2015 | Sources www.gia.edu

Black Money Fear Raises Sales Of These Astrological Gemstones

Black Money Fear Raises Sales Of These Astrological Gemstones

New Delhi: As soon as India's Hon'ble Prime Minister Mr. Narendra Modi announced the demonetization of Rs 500 and Rs 1000 currency notes on Wednesday, 8th November 2016, a huge chaos have been seen among those who have possession of huge amount of these currency notes legally or illegally with them.

Since that evening, people from every sphere of economy be it a common man, businessman, politician, Bollywood actor, professional or government serviceman, everyone tried out different methods to get the older currency notes exchanged with the new ones. Some booked air tickets or railway tickets with a journey date of 2-3 months later, some tried to purchase Gold or gemstones, others tried to wash them away in rivers or even tried to destroy them in fire. However, a few number of them are still trying out a spiritual way to deal with this problem.

As an evidence to this fear & anxiety, according to a report, people inquiring about astrological gemstones such as Yellow Sapphire (Pukhraj) and Citrine Topaz (Sunehla) which are believed to be the most beneficial gemstones for wealth and prosperity, has increased by 35% in last week. Astrologers Federation in South India, specially in Karnataka have reported a considerable rise in the visitors seeking guidance and astrological ways to deal with this problem. Most of them being from Business class & Bank Directors.

This might result in a boom of gemstones trade in India. However, midst of the current raids by the Sales Tax department on the jewelry stores in some of the biggest markets like - Johari Bazaar in Jaipur and Karol Bagh Market in New Delhi, people are looking upto the Online stores selling gemstones & jewelry where they can easily find these stones, add them to their shopping carts and checkout with their debit/credit cards or Internet banking without visiting a physical place.

For more info visit our site : www.gemsratna.com

Rock Creek Montana Sapphires: A New Age Of Mining Begins

Of all the sapphire deposits found in Montana, the richest is in the Rock Creek (Gem Mountain) district. Between 1890 and the 1930s, over 65 tonnes of rough sapphire were recovered from this area and continuously supplied Switzerland’s watchmaking industry until the introduction of synthetic sapphire in the late 1930s.

For the first time in the past 120 years, the rich sapphire-bearing land in this area is owned by a single entity. To witness the beginning of a new era of sapphire mining in Montana and gain a full understanding of this operation, a GIA team visited the new Rock Creek sapphire mine in early August. 

A BRIEF HISTORY

Sapphire was originally discovered in the Rock Creek area during gold exploration in the late 1800s, like many Montana sapphire deposits—gold mining was extremely popular in the area at the time. Since the climax of sapphire mining, boosted by demand from the watchmaking industry, local sapphire mining has largely supported the sapphire-oriented jewelry businesses in Philipsburg and the fee-paying sapphire hunters.

In 2011 the current mine owner, Potentate Mining, purchased the Eureka Gulch property on the north side of Gem Mountain and in 2014 finished purchasing the land on the south side. Today the company owns about 3,000 acres of sapphire-producing land in this historically important mining area.

GEOLOGY AND MINING OPERATION

Sapphire deposits in the Gem Mountain area are all secondary deposits. While a lot of rough was recovered from the riverbed, it is also contained in mudflow. Mudflow is a rapid mass wasting process caused by a large amount of precipitation in short periods. Intense, fast erosion always accompanies mudflows; mudflow deposits are poorly sorted mixtures of silt, boulders, organic materials, and other debris. The sapphire and gold deposit in Eureka Gulch clearly shows the poorly sorted mudflow on top of weathered slate or phyllite bedrock that belongs to the Mesoproterozoic Belt Supergroup. Much of the sapphire district is underlain by Eocene rhyolite lava flows and associated volcanic rocks (Berg, 2014).

The frosted and etched surfaces of many rough Rock Creek sapphires indicated that they are xenocrysts brought by magma carriers during volcanic eruptions. An outcrop chemically proved to be alkali basalt discovered about 3 miles (5 km) away from the mine is regarded by Potentate’s president, Dr. Keith Barron, as a possible carrier. Results from ground magnetometer survey also hint that there might be mafic igneous rocks below the surface. All observations and test results make Dr. Barron confident that there are still plenty of sapphires on the property. The old-time miners worked mainly on the gulches since they had to mine hydraulically; the lower the area, the easier it was to get enough water pressure. Instead of searching the gullies and gulches, Potentate test mined the area between the gulches and the tops of the hills and saw promising production. 

THE STONE

Sapphire rough found in the new mining claim ranges in size from 2 mm to 1 inch. The largest stone that has been recovered is about 30 ct. The rough stones are very rounded, with very typical magmatic resorbed surface features. Approximately 13 to 15 percent of Sapphire Gulch production is of natural color, and about 8 to 12 percent is of natural fancy colors.

With the perfection of heat treatment in the late 1980s and early 1990s, Rock Creek sapphire saw more and more potential since the stones react very well to the heating method developed by Emmett and Douthit. On site the GIA team saw faceted sapphire of different colors.

Sources : GIA