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GJEPC wants domestic insurers to chip into bullion cover

Last Updated: Saturday, June 28, 2014, 23:59

The apex industry body Gems & Jewellery Export Promotion Council (GJEPC) Saturday demanded alternate channels of insurance coverage for the sector as the Export Credit Guarantee Corporation is under-capitalised currently to cover the rising bullion trade.

GJEPC seeks duty cut on gold to 2%, scrapping 80:20 rule

Last Updated: Friday, June 20, 2014, 08:43

The Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and silver to 2 percent from 10 percent.


Last Updated: Wednesday, May 28, 2014, 16:08

We hope to return teaching to its rightful position as a respected profession in society, says Vikas Pota, CEO, Varkey GEMS Foundation, in an exclusive interview with Patricia Mascarenhas.

Christie`s auction: Golconda diamond necklace may fetch $10 mn

Last Updated: Tuesday, May 27, 2014, 08:38

A pear and cushion-shaped diamond and emerald necklace, having two Golconda diamonds, is expected to fetch up to $10 million at Christie`s Hong Kong Magnificent Jewels auction here May 27.

Gold import may increase by 10-15 tonnes/month: GJF

Last Updated: Thursday, May 22, 2014, 18:31

Gold import by India may increase by 10-15 tonnes per month following the latest relaxations by RBI, and emergence of stronger government.

Jewellery firms surge after RBI eases gold import norms

Last Updated: Thursday, May 22, 2014, 11:35

Shares in Titan Co Ltd surged on Thursday after the Reserve Bank of India (RBI) eased gold import rules by allowing seven more private agencies to ship the precious metal. The stock was trading up 20 percent as of 10:39 a.m.

Gems and jewellery exports drop 9% in 2013-14

Last Updated: Sunday, April 20, 2014, 12:18

India's gems and jewellery exports, which contribute about 15 percent of the country's overseas shipments, fell by about 9 percent to USD 39.5 billion in 2013-14.

Gems and jewellery exports dip 4% to $3.59 bn in Feb

Last Updated: Thursday, March 13, 2014, 17:33

Declining for the fourth month in a row, gems and jewellery exports in February fell by 4.15 percent to USD 3.59 billion due to sluggish demand in key markets such as the US and Europe.

India's gems and jewellery imports decline 11% in December

Last Updated: Monday, January 27, 2014, 18:52

India's imports of gems and jewellery fell over 11 percent to Rs 15,735 crore in December.

Gems and jewellery bourse to come up in Jaipur

Last Updated: Sunday, December 22, 2013, 21:26

The gems bourse will come up on a 40,000-square meter plot of the Rajasthan State Industrial Development & Investment Corporation's (RIICO) Gem Park.

Commerce Ministry for easing of gold import norms for exporters

Last Updated: Sunday, December 22, 2013, 12:38

In a letter to Economic Affairs Secretary Arvind Mayaram, Commerce Secretary S R Rao has asked him to "look into the matter (gold imports by exporters) and issue necessary instructions to RBI for removal of the anomaly.

Dazzling Party Picks

Last Updated: Tuesday, December 10, 2013, 09:24

Chck out the dazzling party picks.