04 Oct 2022
DiamondWorld Directory
Home |
Russian Jewellers back Gold export jewellery
Will be levied if price crosses $700/oz
By: Diamond World News Service
Dec 28 2006 12:00AM
Reference: 693  


Russian jewellers said they are willing support an export duty on gold if the price of the precious metal crosses $700 per ounce, according to the Jewelers’ Guild of Russia, a trade group, according to reports.
The duty is likely to make Russian jewellers more competitive, especially once Russia joins the World Trade Organization (WTO). The move could also make it only of the top five jewellery producers, it added.

In its program for 2007-08, the Guild said it will continue working with the Economic Development and Trade Ministry, the Federal Customs Service and Finance Ministry to lift customs duties on imported production and laboratory equipment, and precious stones. It also plans to work with federal agencies to maintain existing duties on imported jewellery.

In May 2006, gold surpassed $700 an ounce, its highest price in a quarter of a century, and is currently trading at around $625 per ounce.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31535
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8916
GJEPC Chairman Interview
Views: 27689
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38702
Promo for IJ Awards 2012 at NDTV Profit
Views: 56505
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67976
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21521
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50450
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 52305
DW News App
Member of:
Supporter of: