New Gold Deposit Scheme: What it Means for Jewellers & Customers?

  • - 11 February 2021 12:21 PM

Under the revamped Gold Monetising Scheme (GMS) which was first introduced in 2015, consumers can deposit as little as 10 g (from previous minimum of 30g). This will aid in lowering the industry’s dependence on imported gold and will foster a better relationship between jewellers and customers

Gems & Jewellery Export Promotion Council Suggests Changes To Gold Deposit Scheme To Make It More Attractive

  • - 01 September 2020 10:48 AM

The Gems and Jewellery Export Promotion Council has proposed changes in the revamped gold deposit scheme 

GJEPC’s Recommendations: Modification In The Revamped – Gold Deposit Scheme (R-GDS) and Gold Metal Loan (GML)

  • - 11 August 2020 4:03 PM

GJEPC put forth its suggestions to modify few points within the Revamped – Gold Deposit Scheme (R-GDS)  that will enable its larger acceptance and garner additional deposits of idle gold within the country

Kalyan Jewellers aims 25 pc revenue growth from jewellery advance purchase schemes

  • - 13 March 2019 11:43 AM

After the government banned unregulated deposit schemes offered by jewellers, Kalyan Jewellers expects 25 per cent revenue growth from its ongoing regulated jewellery purchase advance schemes

New federal order bans extension of gold savings schemes beyond 365 days

  • - 26 February 2019 9:50 AM

According to a new federal order, there is a ban on unregulated deposit plans where in the consumers are promised installment waivers

ED attaches Rs 7 cr. of Delhi-based Mehrasons Jewellers

  • - 16 June 2017 10:46 AM

The Enforcement Directorate (ED) has attached Mehrasons Jewellers' bank deposits of  Rs7 crore, the amount equivalent to the value of alleged assets stashed abroad, in connection with its probe into the Panama Papers case.

Finance Ministry releases draft gold monetisation scheme for public comments

  • - 19 May 2015 5:42 PM

The draft suggests a minimum lock-in of one year for gold deposits with a rollover of over one year, similar to bank FDs.

Visible diamond and platinum deposits in South India: GSI

  • - 30 January 2007 12:00 AM

Andhra Pradesh find could yield 65 cpht

Orissa holds potential for platinum: GSI

  • - 30 December 2006 12:00 AM

14.2 million tonnes of deposits discovered

Synthetic CVD Diamonds Under the Scanner

  • - 25 February 2006 12:00 AM

Chemical Vapor Deposition (CVD) process rocked the diamond sector...

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