Jewellery Trade

Jaipur to host mega jewellery show with over 900 stalls from Dec 23-26

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

Titan says mid-term outlook for jewellery division positive amid headwinds

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, jewellery exports grow 5.76% to $29 billion in Apr-Dec 2021

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

GJEPC urge govt to cut gold import duty to 4%, special package in Budget

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

Nearly 28% urban Indians plan to buy gold this Diwali, says report

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

Revenue of gold jewellery retailers expected to grow 12-14% in FY22: Report

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

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.

Jewellers bet on 'Dhanteras'; expect to clock 70% of last year's business

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

Jewellers start melting new ornaments to pare inventory as recession bites

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

Customers don't come to buy but to sell old stuff as jewellery stores open

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

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

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 ...

After Goodwin default, IBJA calls for ban on jewellers' deposit schemes

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

Jewellery association to launch e-commerce platform for gold trading

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

Code of conduct soon for jewellers as sector aims to restore consumer trust

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

Problems of gold deposit schemes

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

Gem, jewellery exports fall 11.24% on US, China trade war and poor demand

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 return to unorganised sector, hurt by high taxes on imported gold

Jewellers see better business sense in the grey market

Small jewellers feel the heat as large players gain market share

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