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Jewellery industry News

25 Jan 2022

Budget 2022 Expectations: Jewellers urge FM to reduce GST rate, Hospitality industry demands loan moratorium

All India Gem & Jewellery Domestic Council (GJC), has demanded to reduce the GST rate on Jewellery to 1.25 % from 3 % in the upcoming budget. While Hospitality industry demands loan moratorium due to losses amid the COVID crisis.

India's gold imports

30 May 2017

Gold imports shrink 13.5% to $27.4 billion in FY17

India's gold imports declined by about 13.5 percent to USD 27.4 billion in 2016-17, which is expected to keep a lid on the current account deficit.

19 Oct 2016

Jewellery industry seeks 1.25% GST rate for local transactions

The gem and jewellery industry has sought GST of 1.25 percent from the government for the sector besides zero duty on rough diamond imports, cut and polished diamonds exports and coloured gemstones.

15 Sep 2016

Gold imports dip 77% to $1.11 billion in August

Gold imports fell by 77.45 percent to USD 1.11 billion in August due to sliding prices of the metal in both global and domestic markets.

03 Apr 2016

Jewellery industry fears losing out on festive cheer

With the onset of the festive season, the gems and jewellery industry fears losing out on sizeable sales, with some industry leaders saying continuation of the strike will be a "disaster" for the business.

17 Apr 2015

Gold imports spike nearly 94% to USD 4.98 billion in March

Gold imports surged by 93.86 percent year-on-year to USD 4.98 billion in March due to declining prices and easing of restrictions by the RBI.

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