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Gems and jewellery News

Gems and Jewellery National Committee

04 Feb 2019

National Committee of Domestic Council for Gems and Jewellery formed

The representative body, would be the forum for highlighting the issues and concerns of the industry that require redressal through policy measures.

08 Oct 2017

New limit for reporting gold transactions soon: Govt

The government had on Friday reversed its August order of bringing gems and jewellery dealers under the purview of the reporting requirement of the Prevention of Money Laundering Act (PMLA).

gems and jewellery

15 May 2017

Gems, jewellery export may hit $41-42 billion this fiscal: GJEPC

Higher demand in the Middle-East and South-East Asia could help India's gems and jewellery export grow this fiscal to about USD 42 billion, an export promotion body said on Monday.

14 Apr 2017

Levy 1.25% GST on jewellery sector: GJF urges govt

The All India Gems and Jewellery Trade Federation (GJF) on Friday urged the government to levy 1.25 percent Goods and Service Tax (GST) on the industry as against the proposed four percent.

24 Jan 2017

Budget 2017: Govt may cut gold import duty, announce incentives for gems and jewellery

The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget to promote growth of the industry.

30 Nov 2016

Demonetisation: Jewellers claim 85-90% dip in domestic business, exports unaffected

Many jewellers estimate an 85-90 percent dip in business post-demonetisation -- but exports have been unaffected.

gems and jewellery

26 Oct 2016

Jewellery sales to witness 25% growth during Dhanteras

Gems and jewellery retailers are expecting around 25 percent growth in sales during Dhanteras, considered auspicious to buy precious metal, compared to last year due to good monsoon and pent up consumer demand, experts say.

gems and jewellery

25 Aug 2016

Gems, jewellery exports up about 12% in Apr-Jul FY17

Exports of gems and jewellery grew 11.7 percent to USD 11.4 billion during the first four months of the current fiscal, driven largely by demand in India's major markets like the US.

gold monetisation scheme

27 Nov 2015

RBI to fine tune gold monetisation scheme

Till November 18, the gold monetisation scheme had garnered 400 grams of physical gold.

jewellery retailers

18 Jun 2015

Jewellery retailers may see 12% revenue growth in FY16: Ind-Ra

Gems and jewellery retailers are likely to outshine exporters by registering up to 12 percent growth in revenue on rising domestic demand this fiscal year, India Ratings and Research (Ind-Ra) Thursday said.

17 Mar 2015

India imports gold worth $26 billion in Apr-Dec period

India imported gold worth about USD 26 billion during the April-December period of the current fiscal, Parliament was informed on Tuesday.

05 Feb 2015

'Govt may consider import duty cut on gold in Budget'

With decline in gold imports, the government may consider 2-4 percent reduction in import duty on it in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery, sources said.

04 Feb 2015

Budget 2015: Key Expectations of Gems and Jewellery Sector

Surendra Mehta, secretary of The Bombay Bullion Association Ltd shared his views on expectations of the gems and jewellery sector for the Budget 2015.

06 Jan 2015

Commerce Ministry calls meeting with jewellers on gold import issues

The Commerce Ministry has called a meeting of gems and jewellery exporters Wednesday to discuss issues regarding gold imports for the sector.

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