Gem Diamonds saw income and average per carat costs down by around a quarter during 2023 amid ongoing “downward stress” in the rough market. The UK-based miner operates Letseng, in Lesotho, the very best dollar per… A forty one.02-carat fancy intense yellow diamond bought for $1.02m at a Sotheby’s New York sale of jewels from a mystery collector. The pure color, VS2 readability stone was among the many highlights of From the… DMCC reported that complete tough and polished diamond commerce in Dubai reached $38.3 billion in 2023, up 2% year-on-year and representing a five-year compound annual progress fee of 11%. Signet Jewelers reported a 6.3% decline in total sales to $2.5 billion during the Q4 that ended 3rd February 2024.
- Currently, the industry usually costs GST at three per cent fee on the gross sale worth obtained from the purchaser.
- The Central Board of Indirect Taxes and Customs is
