Jewellery World Magazine - April 2022

News
India promotes gold and gem exports
India’s Union Minister for Commerce and Industry, Piyush
Goyal, has announced his goal to make the country’s gold
and gem industry self-reliant, through a focus on export
promotion.
Bulgari and the BAFTAs
High-end jewellery and watch brand Bulgari is now an official
sponsor of the British Academy of Film and Television Arts
(BAFTA) in time for this year’s award ceremony.
The brand has a long association with the film industry, with
stars from Ingrid Bergman to Lady Gaga wearing Bulgari
jewellery on-screen. Elizabeth Taylor wore Bulgari jewellery to
the 1967 BAFTAs.
As host of the 2022 BAFTAs in March, Australian actress Rebel
Wilson consolidated the new sponsorship deal by wearing
statement Bulgari earrings. While the stars at the event
showcased a wide range of luxury jewellery brands, Daisy
Ridley, Becky Hill and Ariana DeBose joined Wilson in wearing Bulgari.
Clash between luxury brands
Cartier has filed a complaint against fellow luxury
brand Tiffany & CO, alleging that Tiffany & Co has
attempted to steal trade information by luring
Cartier staff members away.
Goyal predicted that gem and jewellery exports from
India will reach USD 40 billion in the current financial year,
registering a growth of 6.5 percent, which would exceed
the pre-COVID levels. He believes that the government is
supporting the industry’s expansion and self-reliance by
reducing import duty on cut and polished diamonds from
7 percent to 5 percent, while extending the Emergency
Credit Line Guarantee Scheme (ECLGS) for MSMEs, which
make up 90 percent of the industry, until March 2023.
Jewellery found, owners still missing
Victoria Police found more than they bargained for when
they searched a suspected stolen car, expecting to find
drugs, but uncovering a mysterious cache of jewellery
with a street value of up to $100,000.
The loot included a diamond and aquamarine ring, a
ruby ring, and stud earrings stored in a Cartier box. The
mystery deepened when police realised that the jewels
did not match up with any reports of stolen jewellery.
Detective Senior Constable Shannon Foden said that the
police have worked hard to identify the legal owners but
they had “hit a bit of a brick wall.”
“I have no doubt they’re incredibly precious pieces of
jewellery to someone and we are very keen to reunite
them with their owners.”
V
One Cartier employee, Megan Marino was
working as a junior manager at Cartier until she
was offered a higher position at Tiffany & Co. In
an affidavit, Marino claimed that Tiffany & Co
were “more interested in hiring me as a source
of information than as a manager.”
She is not the only former employer claiming
to be lured away from Cartier to provide
information to Tiffany. The court case continues.
Anyone who recognises the jewellery or has information
about it is urged to contact Crime Stoppers on 1800 333
000.
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jewellery world - April 2022