Rajesh Exports wants Govt clearance to ship gold jewellery above 22-carat
The Dollar Business Bureau The leading gold manufacturing and jewellery company in India, Rajesh Exports Ltd has approached the Government for grant of permission to export gold jewellery of purity of 23-carat and 24-carat ‘on an urgent basis’ from its Cochin special economic zone (SEZ). Last week, the Government had barred the exports of gold jewellery, medallions and other items with purity of more than 22-carat in order to check the round tripping of yellow metal. Rajesh Exports, in a representation to the Ministry of Commerce, said that it has been shipping gold jewellery of 22-carat, 23-carat and 24-carat and also 24-carat medallions from its Cochin SEZ for several years. The company highlighted some specific issues faced by it after the implementation of Goods and Services Tax (GST). “Due ...
Rajesh Exports bags Rs 786 cr jewellery order from UAE
The Dollar Business Bureau Rajesh Exports, currently the largest player in gold jewellery market, on Thursday, revealed that it bagged a contract worth Rs 786 crore from UAE. The contract is inclusive of exporting gold, diamond jewellery and medallions to UAE. In a BSE filing, the gold manufacturing company said that the export order received was of designer jewellery from UAE. The orders are to be fulfilled by October 15, 2016. The huge order will be worked upon at Rajesh Exports headquarter in Bengaluru. The Bengaluru facility has capacity to produce 250 tonnes worth jewellery and gold items per annum. Rajesh Exports further stated that the demand for Indian designed jewellery has been witnessing an upward trend in foreign markets.The 1989 founded company, is ...
Rajesh Exports bags Rs.653 cr worth export order
The Dollar Business Bureau Rajesh Exports Ltd (REL) has received an export order worth Rs.653 crore from Singapore to supply gold and diamond studded designer jewellery by the end of September this year, the company said in a filing to BSE on Wednesday. REL is confident of delivering the order within the stipulated time frame from its Bangalore manufacturing facility as it has the largest gold jewellery manufacturing facility in the world with a capacity to process 250 tonnes of gold ornaments a year. The facility has integrated infrastructure, skilled craftsmen and artisans. The company excels in the art of handmade jewellery and technology. It delivers the best crafted gold jewellery to markets the world over. Their quality craftsmanship has made them global ...
Rajesh Exports acquires worlds largest gold refinery firm Valcambi
The Dollar Business Bureau Valcambi CEO Michael Mesaric, Rajesh Exports Chairman Rajesh Mehta, Rajesh Exports MD Prashant Mehta and Valcambi Global Head of Sales Giofre Ursula giving details of the deal at a Mumbai hotel Bengaluru-headquartered gold and diamond jewellery maker Rajesh Exports (BSE Code: 531500 / NSE Code: RAJESHEXPO) on Monday announced that it has acquired 100% stake in Swiss precious metals refining company Valcambi in an all cash deal. Following the acquisition, Rajesh Exports Limited (REL) has become an integrated player covering precious metal refining and gold jewellery making. Giving details about the deal at a press conference in Mumbai, REL Chairman Rajesh Mehta said, “The coming together of REL and Valcambi would expand the global gold business and ...
