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gem and jewellery
Gem and jewellery News
Budget 2023
10 Jan 2023
Union Budget 2023: Gem, jewellery industry seeks abolition on raw material
Gem and jewellery exporters on Sunday urged the government to announce support measures like the abolition of import duty on raw material for lab-grown diamonds. Seeking a kind of "diamond package" in the forthcoming Budget, the industry said in light of the high inflation and economic crisis in the US and Europe. These lab-grown or man-made diamonds (LGDs) are grown inside a lab using cutting-edge technologies under specific parameters.
GST
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.
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