Sri Lanka cancels licences for foreign mining firms

Sri Lanka`s new president has cancelled mining licences issued by the previous government to 16 foreign companies to search for blue sapphires and other gems, his office said Sunday.

GJF seeks measures to rescue gems, jewellery trade

The All India Gems and Jewellery Trade Federation (GJF) today sought measures, which includes reducing import duty to five per cent and bringing back stand-by letter of credit (SBLC), to "rescue" the industry.

Revolutionary instrument GeMS delivers sharper image of universe

The GeMS system uses a constellation of five laser guide stars and multiple deformable mirrors to remove atmospheric distortions to starlight in an innovative and revolutionary way.

Financing options not adequate for women entrepreneurs: Survey

This could be attributed to women being first generation entrepreneurs in the gems and jewellery sector, which has been mainly dominated by males.

NASA scraps X-Ray space telescope mission

NASA has announced the cancelling of its new space telescope project designed to seek out black holes and other cosmic mysteries through X-ray light due to soaring development costs.

Gems, jewellery exports lose lustre in FY12

Gems and jewellery exports dipped marginally to USD 42.84 billion in 2011-12 owing to weak demand in western markets like the US and Europe, Gems and Jewellery Export Promotion Council said on Monday.

Paris Hilton kept $60K in borrowed gems: NYC suit

A break-in at Paris Hilton`s Los Angeles home has led to a New York lawsuit over USD 60,000 in borrowed gems.

Gems and Jewellery Fedn seeks changes in direct taxes code

Gems and Jewellery Federation (GJF), the national body of the jewellery trade, has urged the Government to modify the direct taxes code (DTC).

Gems and jewellery exports glitter again

Christmas season has brought the
glitter back to Indian gems and jewellery units, with the
precious metals exports turning positive in September for the
first time after 11 months.