Jewellery Trade

A large number of tour operators have dovetailed their itinerary with this event

Tata group firm Titan said the outlook for its jewellery division in FY23 and mid-term is "positive" with "excellent" growth opportunity helped by multi-pronged efforts within the wedding market

Gems and jewellery exports in the April-December 2021 period grew by 5.76 per cent to USD 29.08 billion on account of healthy demand in major countries including the US, Hong Kong and Thailand

Gems and Jewellery Export Promotion Council has urged the government to reduce import duty on gold to 4 per cent from 7.5 per cent and a special package for the sector in the forthcoming Budget

The gems and jewellery industry had shown signs of recovery in January-March this year

Gold jewellery retailers are expected to witness 12-14 per cent growth in revenue during 2021-22, driven by stable gold prices and recovery in discretionary spending

Introduction of reforms for the gems and jewellery industry would help push its growth rate and achieve $43.75 billion exports target for this fiscal year, Union Minister Anupriya Patel said.

Jewellers are betting on recovery and are optimistic that a rebound in the economy and pent up demand will help boost sales during 'Dhanteras' and industry is likely to do 70% of last year's business

Scrap supply likely to reach 140 tonne in CY20, as against 119 tonne last year

Jewellery offtake down to 15-20% of May sales in the previous years

The Centre also expects the jewellery industry to generate additional employment of 2 million, Rupa Dutta, Economic Advisor, Ministry of Commerce, said

Led by a steep 25.5 percent fall in cut and polished diamonds exports, the overall gems & jewellery exports fell 4.74 percent to Rs 18,136.2 crore in November year-on-year due to poor consumer sentiment in the key export markets. In November 2018, the overall gems & jewellery exports stood at Rs 19,039.10 crore, according to data given by the Gems & Jewellery Export Promotion Council (GJEPC). Overall exports declined by 4.85 percent to Rs 1,76,540.39 crore between April and November 2019 from Rs 1,85,543.57 crore a year ago. The decline is mainly due to poor consumer confidence in the export markets, GJEPC said in a statement on Tuesday. Cut and polished diamonds exports declined 25.49 percent to Rs 8,341.88 crore from Rs 11,195.52 crore in November 2018. The shipments of Cut and polished diamonds in the April-November period also dipped 18.21 percent to Rs 94,274.13 crore. However, gold jewellery exports went up 21.33 percent to Rs 7,893.89 crore. Gold ...

Other industry players oppose the proposal for a ban, say such a move would render thousands unemployed

It will help networking of jewellers with each other and also reduce the marketing cost of jewellery which otherwise is done through costly exhibitions

World Gold Council to initiate talks with industry bodies; move is aimed at controlling jewellers' default, building lender's confidence as well

Banks, ETFs, and jewellers can get into some arrangement, but regulation can hobble the process

The sector's gross exports declined by 9.32 per cent to $12.15 billion between April and July compared to $13.39 billion during the same period last year, according to data

Jewellers see better business sense in the grey market

According to the India Bullion & Jewellers Association (IBJA), there is a big threat to small retail jewellers