Jewellery Export
Gems and jewellery exporters feel the heat of govt curbs on gold imports
Amid rising risks to external demand, the government is concerned about widening trade deficit, bringing the focus back on curbing non-essential imports
 "Gems and jewellery exporters feel the heat of govt curbs on gold imports")
Rajasthan is making efforts to achieve Rs 1 trn exports target: REPC chief
Rajasthan has traditionally exhibited strength in the export of handicrafts, gems and jewellery, dimensional stones, agro & food, and textile products
 "Rajasthan is making efforts to achieve Rs 1 trn exports target: REPC chief")
Diwali an auspicious date to sign India-UK FTA: British High Commissioner
Currently, both countries are at the last leg of negotiations towards a trade deal that kick-started in January
 "Diwali an auspicious date to sign India-UK FTA: British High Commissioner")
Surat's polishing industry in for a treat as lab-grown diamonds find favour
Of the roughly 8,000 polishing units in Gujarat city, 15% polish lab-grown diamonds exclusively
 "Surat's polishing industry in for a treat as lab-grown diamonds find favour")
Gem, jewellery exports up 45.2% at Rs 31,241.09 crore in Oct: GJEPC
The overall sentiment in the gem and jewellery industry is quite positive
 "Gem, jewellery exports up 45.2% at Rs 31,241.09 crore in Oct: GJEPC")
Reforms in jewellery sector to help achieve $ 43.75 bn export target: Patel
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.
 "Reforms in jewellery sector to help achieve $ 43.75 bn export target: Patel")
Gems, jewellery exports decline 25.71% in fiscal year 2021: GJEPC
The overall gems and jewellery exports declined by 25.71 per cent to Rs 1,85,952.34 crore during 2020-21
GJEPC to host industry's first virtual buyer-seller meet on Aug 27-28
The Gem and Jewellery Export Promotion Council of India (GJEPC) on Wednesday said it will host the industry's first virtual buyer-seller meet (VBSM) on August 27 and 28 amid the Covid-19 pandemic.
 "GJEPC to host industry's first virtual buyer-seller meet on Aug 27-28")
Jewellery business stares at prolonged slowdown, exports down by 9.17%
Cut and polished diamond exports fell 5.67 per cent in January 2020 to $1.65 billion. In the first 10 months of this fiscal year, it was down 16.8 per cent to $16.32 billion.
 "Jewellery business stares at prolonged slowdown, exports down by 9.17%")
Govt aiming to take jewellery exports to $80 bn from $40 bn in 5 years
The Centre also expects the jewellery industry to generate additional employment of 2 million, Rupa Dutta, Economic Advisor, Ministry of Commerce, said
 "Govt aiming to take jewellery exports to $80 bn from $40 bn in 5 years")
Jewellery exports fall 4.74% in Nov, polished diamonds down 25.5%
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 ...
 "Jewellery exports fall 4.74% in Nov, polished diamonds down 25.5%")
Jewellery exports dip 5.4% in Oct over trade war, Hong Kong protests
The exports stood at Rs 26,010.87 crore in October 2018, according to data given by the Gems and Jewellery Export Promotion Council (GJEPC)
India hopes to tap $1-billion of jewellery export opportunity to US
US buyers are looking at India favourable as India already exports $10 billion worth jewellery there
 "India hopes to tap $1-billion of jewellery export opportunity to US")
Jewellers return to unorganised sector, hurt by high taxes on imported gold
Jewellers see better business sense in the grey market
 "Jewellers return to unorganised sector, hurt by high taxes on imported gold")
Soon, govt may re-introduce credit insurance scheme for jewellery exporters
Since the $2-billion Punjab National Bank scam was discovered last year, the entire gems and jewellery sector has faced a massive liquidity crunch, as banks have put it on a negative list
Jewellery exporters may be covered under credit insurance benefit
P N Prasad, deputy managing director of SBI, said that ECG insurance would be re-started in a month
 "Jewellery exporters may be covered under credit insurance benefit")
Huge relief for exporters as govt exempts exhibition jewellery from 3% IGST
About 25% of the country's annual gems and jewellery exports which come back unsold would benefit from this IGST exemption
 "Huge relief for exporters as govt exempts exhibition jewellery from 3% IGST")
Gems, jewellery exports decline 0.75% to $13.18 billion in April-August
According to industry experts, exporters are optimistic that with the festive season on the anvil, things would start improving
 "Gems, jewellery exports decline 0.75% to $13.18 billion in April-August")
