Gems And Jewellery

Gems and jewellery exports dip 5.49% in October to Rs 24,583 cr: Industry body GJEPC

The gems and jewellery exports continued to be affected following geopolitical tensions as the overall shipments in October declined by 5.49 percent to Rs 24,583.19 crore compared to the same month last year

WTO cuts global trade growth forecasts to 1.2% for 2019 on escalating trade tensions; projection to not augur well for India

WTO Director-General Roberto Azevedo said the darkening outlook for trade is discouraging but not unexpected.

Exports rise 2.25% to $26.3 bn in July, imports down 10.4%; trade deficit narrows to $13.4 bn

India's exports grew by 2.25 percent to $26.33 billion in July, government data showed on Wednesday

Bankers want jewellery industry to become more transparent, compliant to regain trust after Nirav Modi, Mehul Choksi scam

Incidents like the Nirav Modi and Gitanjali Gems have broken down the trust level for the gems and jewellery industry.

Union Budget 2019: Gems and jewellery sector seeks cut in gold import duty to 4%

On the onset of the Union Budget for 2019-20, the gems and jewellery sector has unanimously sought a reduction of gold import duty to 4 percent to check smuggling in a big way

PC Jeweller gets board's nod for export division demerger, amalgamation of subsidiary; scheme to enable independent listed company

The board of the demerged company that the commercial activities of the two verticals are distinct and diverse from each other

Mehul Choksi claims innocence, says not related to two firms involved in over Rs 14,000 cr PNB fraud

In a statement issued by his lawyers, the raids against Choksi were on the basis of "an old and dated (KYC) document" given to PNB

Exports to hit $330 bn in 2018-19; nine sectors identified to achieve 16% growth this financial year: Suresh Prabhu

He said the country's merchandise exports have seen high growth in the past six years through sector-specific interventions, focused export promotion initiatives, and quick resolution of issues.

Integrated gold policy likely soon; govt to promote growth of yellow metal industry, jewellery exports, says Suresh Prabhu

In February, Finance Minister Arun Jaitley announced formulation of a comprehensive gold policy to develop gold as an asset class.

Exim Bank says export growth to surge 7% in Oct-Dec; Nov merchandise shipment shrinks

The Exim Bank estimate said merchandise exports will go up to $82.39 billion for the third quarter of the fiscal year, as against $77 billion.