Gem And Jewellery News - Latest Updates & Headlines
India's export strategy must go beyond volume expansion to generate high-quality jobs: Experts
New Delhi, Nov 14: India’s export strategy must go beyond volume expansion to generate high-quality jobs, embed environmental responsibility and promote inclusivity, Shishir Priyadarshi, President of Chintan Research Foundation (CRF), said on Friday.
GJEPC calls for customs overhaul, concessional credit to boost gems, jewellery exports
New Delhi, Nov 4: The Gem and Jewellery Export Promotion Council (GJEPC) has called on the government to amend the Customs Act, offer concessional export credit, expedite the passage of the SEZ Act amendment, and form a National Gem and Jewellery Park Policy to enhance India's competitiveness in global trade.
Dhanteras shines: Jewellery sales hit Rs 85,000 cr, set to cross Rs 1 lakh cr by Diwali
New Delhi, October 19: Jewellery markets across India witnessed a glittering Dhanteras this year, with robust demand driving sales to an estimated Rs 85,000 crore over two days, according to the All India Gem and Jewellery Domestic Council (GJC).
Gold, silver purchases surge on Dhanteras, festive buying likely to surpass Rs 50,000 crore
New Delhi, Oct 18: The All India Gem and Jewellery Domestic Council (GJC) on Saturday, i.e. on the occasion of Dhanteras, reported a surge in gold and silver purchases following a sharp price correction.
Gold prices may hit Rs 1,50,000 per gram in coming months on global factors: GJC founding member
New Delhi, October 18: Gold prices are expected to hit the record level of Rs 1.50 lakh per 10-gram level in coming months as it is showing unprecedented momentum in the global and domestic markets bolstered by the central bank purchases and strong public demand, particularly in China and Japan, according to Anantha Padmanaban, founder member and former chairman of the All India Gem & Jewellery Domestic Council (GJC).
India unveils SAJEX 2025 in Jeddah to strengthen jewellery trade
Jeddah, September 12: The Global Gems and Jewellery Exposition #SAJEX2025 kicked off today at the Jeddah Superdome in Saudi Arabia, marking a significant event in the bilateral relations between India and Saudi Arabia.
Sectors impacted from US tariffs will get a boost from GST 2.0: Industry leaders
New Delhi, September 5: Industry bodies and experts have welcomed the government's announcement of GST 2.0, calling it a move that will simplify the tax system and reduce the burden on consumers, ultimately giving a push to the economy. Speaking to ANI, representatives from various sectors affected by the recently imposed higher tariffs from the US said the reforms will create more opportunities and give a boost to the industry.
India's diamond industry counts on domestic demand to cushion US tarrif blow
Kolkata, August 30: Members of India's diamond industry have said that the US decision to impose 50 per cent tariffs on Indian goods poses a challenge, but expressed confidence in the sector's resilience and the strength of the domestic market.
Trump's 50% tariffs on Indian goods come into effect, experts see opportunities to diversify markets
New Delhi, August 27: The 50 per cent tariffs on Indian goods imposed by the Donald Trump administration came into force on Wednesday, following a notice by the US Customs and Border Protection (CBP). The move poses serious challenges for India's US-oriented exporters.
Trump's 25% tariff on Indian goods raises concerns, experts point to diversification opportunities
New Delhi, July 31: US President Donald Trump's decision to impose 25 per cent tariffs and additional penalties on imports of goods from India from August 1 has drawn concerns from industry leaders and trade experts for its impact on India's export but experts said it is also an opportunity for India to scale up and diversify with FTAs being finalized with several countries.