Gjepc
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Gems, jewellery exports fall by 12.29% in August on decline in manufacturing, liquidity crunch: GJEPC
•Gold jewellery exports April to August declined by 1.58 percent to Rs 34,982.69 crore from Rs 35,544.47 crore during April-August 2018.
Gold imports up 15.4% to $13.16 bn in April-July period; experts say traders may shift manufacturing bases to other countries
•According to industry experts, there are apprehensions that sectoral players may shift their manufacturing bases to neighbouring countries due to high import duty on gold in India.
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.
PNB fraud fallout: Bank finance to jewellers drops 10%; lower lending threatens exports, says industry lobby GJEPC
•According to GJEPC, the country's gem and jewellery exports declined by 8.84 percent during the June quarter to $10.1 billion, compared with $11.1 billion in the same period last year
Gems and jewellery exports dip 22% in April on account of demand slowdown in major markets
•Gems and jewellery contribute nearly 7 percent to the country's GDP and over 15 percent to the merchandise exports
Nirav Modi scam fallout: Gems and jewellery industry asks bankers not to reduce credit limits in a white paper
•Gems and jewellery industry is presenting a white paper on 11 May on challenges of financing to the diamond industry
Gems and jewellery exports dip by 8.67% to Rs 2.64 lakh cr in FY18 on demand slump from UAE
•Gems and jewellery industry contributes nearly 7 percent to the country's GDP and over 15 percent to the merchandise exports
RBI's Letters of Undertaking ban not to impact Bengal jewellery industry
•RBI ban on Letter of Undertaking (LoU) as a trade finance instrument, will not have much impact on the gems and jewellery industry in West Bengal, but a hike in bank's credit margin may hurt the business, a GJEPC official said
PNB scam: By killing LoUs, RBI is throwing baby out with bathwater; why punish traders for own failure?
Dinesh Unnikrishnan123 •Terminating LoUs altogether is no solution. On the contrary, it is counter-productive
GJEPC denies four-fold surge in imports of cut and polished diamonds, says there has actually been a 4.3% decline
Fp Staff •Actual imports of cut and polished diamonds for this period stand at $1,527.43 million, and represent a decline of 14.44 percent as compared to $1,785.17 million for April-November 2016.