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Nitin Khandelwal

Jewellers laud rural focus rue, no reduction in import duty

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...

Budget 2018: Revamping gold monetization scheme is a victorious decision for the gems and jewellery sector

The Finance Minister’s announcement about Government to soon come-up with a gold monetization scheme is a victorious decision for the gems and jewellery sector, said Nitin Khandelwal, Chairman, All India Gems and Jewellery Trade Federation (GJF) commenting on the...

Jewellery sales remain flat this Dhanteras

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...

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

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...

Crowds throng jewellers on Akshaya Tritiya

With cash flow almost normalising after demonetization, customers on Friday thronged jewellery shops across the country to usher in Akshaya Tritiya. "We are seeing good footfall in our stores. In the last two months, after demonetization, people have again started...

GJF expects 20-30 pc growth in jewellery sales this Akshaya Tritiya

The All India Gems and Jewellery Trade Federation (GJF) expects robust sales this Akshaya Tritiya (April 28) across India. Consumer demand is expected to be strong due to the wedding season and traditional custom to buy gold on the occasion...

Budget 2017 to help jewellery sector get back lost sheen

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 industry stalwarts hope Budget 2017 will be salve to note ban wounds

With numerous expectations and curiosity around what is in it for various stakeholders, India’s 2017-18 budget is one of the most sought after events. Just like every other sector, retail stalwarts have also pinned their hopes on Finance Minister...

Jewellery sector to reap benefits of note ban in long run

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...
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