New Delhi [India], January 23 (ANI/Mediawire): The organized gold jewellery retailers are urging the finance minister to cut gold import duty in the Union Budget 2023-24 as any reduction in duty will help curb gold smuggling, boost exports of gems and jewellery, and empower organised jewelle
A jewellery repair policy could make India a global outsourcing service centre and improve its market share which at present is just 3 per cent compared to China's above 9 per cent.
Post the India-UAE trade pact, India's plain gold jewellery exports for the period during the three quarters of 2022-23 (April-December), grew 21 per cent to Rs 24,242.91 crore, The Gem and Jewellery Export Promotion Council (GJEPC) data showed.
India's overall export, which included both merchandise and services, stood at USD 58.22 billion in November, which showed a 10 per cent growth over the same period last year.
In November 2022, India's gems and jewellery exports grew 11.83 per cent to Rs 19,855.17 crore as compared to Rs 17,755.28 crore for the same month last year.
Key commodities exported to Australia are plain gold jewellery, studded jewellery, and cut and polished diamonds. The main commodities imported from Australia are precious metals -- gold and silver bars.
India's robust gems and jewellery exports in the half of the financial year 2022-23 have helped in maintaining growth for the April-October period, despite a sharp dip in exports in the month of October.
The overall gross imports of gems and jewellery showed a drop of 16.82 per cent to Rs 12,181.92 crore in October, against Rs 14,644.87 crore in the corresponding period a year ago, according to Gem and Jewellery Export Promotion Council report that came out recently.
The second edition is being organised from 8 to 10 November 2022 at the Intercontinental Dubai Festival City, Dubai. A range of products including plain gold jewellery, diamond and gemstones studded jewellery etc are being exhibited at the show.
New Delhi [India], October 24 (ANI): Lab-grown diamonds has established itself a growing footprint in the gems and jewellery industry by emerging from the shadows of natural diamonds while the global diamond industry has been facing headwinds lately, a report has said.
New Delhi [India], October 11 (ANI): India's gems and jewellery exports witnessed a 27.17 per cent growth in September to Rs 30,195.21 crore (USD 3765.51 million) as compared to Rs 23,743.46 crore during the same month last year, data released by the Gem and Jewellery Export Promotion Counci
New Delhi [India], September 17 (ANI/Fortuna Retail Pvt Ltd): GemPundit, one of the specialists in precious and semi precious coloured gemstones and gemstone-centric jewellery, has won awards in three categories - "Best E-commerce Platform in Gems and Jewellery Sector," "Best Innovation in D