All India Gems and Jewellery Trade Federation

Fashion & Lifestyle

India’s gem, jewellery exports decline 11.49% to Rs 22,873 crore in October

PTI - November 20, 2023

The gross exports stood at Rs 25,843.84 crore during October 2022, as per data Mumbai: India's overall gems and jewellery exports declined by 11.49 per cent to Rs 22,873.19 crore ($2,748.01 million) in October, according to the Gem and Jewellery...

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Jewellers laud rural focus rue, no reduction in import duty

Indiaretailing Bureau - February 2, 2018

Welcoming the Budget, the gems and jewellery industry said positive focus on the rural economy and estimated growth of GDP to 7.2-7.5 per cent will boost demand. According to a PTI report: However, they were disappointed that there was no...

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Jewellery sales remain flat this Dhanteras

Indiaretailing Bureau - October 18, 2017

Gold and jewellery sales may remain flat this Dhanteras amid sluggish demand from consumers despite relaxation in KYC norms for purchase, even as people fancied automobiles and electronic items, according to industry players. According to a PTI report: However, organised...

Retail

Gems & jewellery trade fully ready for GST to be implemented from July 1

Indiaretailing Bureau - May 17, 2017

The gems and jewellery trade is fully prepared for the GST regime, to be implemented from July 1, industry body GJF said and hoped that the Centre would levy only 1.25 per cent tax on the sector. According to a...

Budget 2017 to help jewellery sector get back lost sheen

Indiaretailing Bureau - February 2, 2017

Taking a stance of 'no news is good news' jewellers on Thursday hailed the Union Budget, saying the focus on digitization is going to give an impetus to the sector and drive consumption. "Focus on farmers, infrastructure and digital economy will...

Retail

Jewellery sector to reap benefits of note ban in long run

Indiaretailing Bureau - January 18, 2017

The jewellery industry, which suffered and saw about 80 per cent drop in demand following the demonetization, is slowly recovering, although it may take over a year for things to become normal, market experts said. "After Prime Minister Narendra Modi...

It was all glitter for gold market in 2016

IANS - January 2, 2017

It was all glitter for the gold market in 2016, at least as far as price was concerned. "Gold prices went up by 15-20 per cent on an average throughout the year. Overall price wise it was a good year,...

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Post-demonetization, Mumbai's gold markets dull, deserted

IANS - November 25, 2016

Post-demonetization, Mumbai's bustling and glittering Zaveri Bazar, the national bullion and jewellery market, wears a forlorn, deserted look. Thousands of big and small jewellery shops and glittering showrooms in India's oldest and biggest hub, as well as retail outlets in...

Retail

Jewellery sales to witness 25 pc growth during Dhanteras: Experts

Indiaretailing Bureau - October 26, 2016

Gems and jewellery retailers are expecting around 25 per cent growth in sales during Dhanteras, considered auspicious to buy precious metal, compared to last year due to good monsoon and pent up consumer demand, experts say. "Market sentiment is looking...

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