All India Gem and Jewellery Domestic Council chief Ashish Pethe said the EMI facility should be extended to their industry and to increase the cash purchase limit to Rs 1 lakh from Rs 10,000
Exports plunge record 60.28% to $10.36 bn in April, pandemic hits imports too; trade deficit narrows to $6.7 bn
The country's exports had contracted by 34.57 percent in March 2020.
Ahead of Akshaya Tritiya, gold jewellery retail industry to be credit negative in short term due to lockdown: ICRA
The coronavirus outbreak and the lockdown ahead of Akshaya Tritiya is a credit negative for the gold jewellery retail industry in the short term, according to ICRA
Coronavirus Outbreak: Pandemic to hit MSME exporters more; likely to face labour issues, say trade experts
The sector also contributes about 25% to the country''s GDP (Gross Domestic Product) from service activities and over 33% to the manufacturing output of India.
Coronavirus Outbreak: Gems, jewellery exports stare at steep fall in Q1 next fiscal as disruptions hit operations: Report
A 41 percent annual decline in cut and polished diamond exports led to a cumulative exports fall of 19 percent year-on-year for the overall gems and jewellery industry in February 2020, it added.
The indigenous gem and jewellery sector in the country has come to a "standstill" amid the coronavirus pandemic and is in immediate need of relief measures from the government, an industry body said
Following the coronavirus outbreak, the gems and jewellery sector in the country has come to a standstill with retailers managing to do only 20-25 percent business due to fewer footfalls amid fear of the virus' spread, according to an industry body
Gold imports, which have a bearing on the country's current account deficit (CAD), fell 8.86 percent to $27 billion (about Rs 1.90 lakh crore) during April-February period of the current financial year, according to commerce ministry data
All you love soldiers equip yourself with glittery pens, craft papers, and all pretty things possible.
Coronavirus: Surat diamond industry stares at Rs 8,000 cr loss in next two months as Hong Kong declares state of emergency
The Surat diamond industry is likely to face a loss of around Rs 8,000 crore in next two months as Hong Kong, which is a major export destination, has declared a state of emergency due to the coronavirus outbreak in China, say experts
India's gold demand falls 9% in 2019 on economic slowdown, record prices; reforms may boost consumer confidence: WGC
In 2019, the WGC said India's gold demand in volume terms declined to 690.4 tonnes from 760.4 tonnes in 2018, out of which jewellery demand fell nine percent to 544.6 tonnes from 598 tonnes.
Budget 2020: Income tax rules on gains from gold, property sale, stocks likely to change; tax treatment for LTCG may be revised
Among the Budget proposals being considered for the Union Budget is that the long term capital gains (LTCG) tax will be fixed at 24 months or two years uniformly for all asset classes
Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industry
Saying that liquidity is a major area of concern, All India Gem and Jewellery Domestic Council (GJC) Chairman Anantha Padmanaban said the government should take steps to ensure that banks lend to jewellers.
Jewellers have been given one year time to register with the BIS and implement the mandatory hallmarking of gold jewellery to ensure purity of the precious metal, Paswan said.
LVMH and US jewellers Tiffany announced Monday a $16.2 billion tie-up that is the French luxury group's biggest-ever acquisition and will bolster its presence in the United States
Gold amnesty scheme: Tax cheats must be taught a lesson, but targeting households, temple treasure will be a tricky affair
The problem with India’s ‘gold’ economy is that Indians do not see gold as merely an investment asset.
The average ticket size observed in jewellery retail dipped by 66 percent to Rs 3,625 for Dhanteras and Diwali, while the same for apparel stores dipped 28 percent to Rs 1,746
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.
American jeweller Tiffany & Co to enter India; will open stores in Delhi, Mumbai in partnership with Reliance Industries
Iconic American jeweller Tiffany & Co said it will enter the Indian market in partnership with billionaire Mukesh Ambani's Reliance Industries and plans to open its first store in Delhi this year and one in Mumbai next year
India's gold demand likely to soften in third-quarter on record high local price, rural distress: WGC
Indian gold futures hit a record high of Rs 35,409 ($511.54) per 10 grams in July. Local prices have risen 10 percent so far in 2019.