In the short-term, geopolitical tensions especially between the U.S. and China would continue to impact the diamond sector, while rising prices and a falling rupee would weigh negatively on the gold jewellery segment, says Care Ratings report
Provisions of the stringent Cofeposa have been invoked against the three accused, including the father and son duo, allegedly involved in diversion of gold jewellery meant for export.
Fuelled by an expanding economy and rising wealth, China's gold jewellery demand has boomed since the early 2000s.
The gold jewellery demand is likely to face pressure in the long term, however, the country's demographics will offset the trends and boost demand, the World Gold Council (WGC) said in a report today.
However, in value terms, the demand for gold jewellery is likely to register a growth of 5-7 percent during the year, rating agency Icra said in its report.
This Akshay Tritiya celebrate the festival of prosperity with the House of MBJ.
Tanvi Gold Cast LLP is a new branding partner of SWAROVSKI GEMSTONES™
The commerce ministry has pitched for reduction in import duty on gold in the forthcoming Budget with an aim to promote gold jewellery exports, a senior government official said.
Manubhai Jewellers delights your work week with PINK – A Rose Gold Jewellery Collection to glam up every day work wear.
The government has banned exports of gold jewellery, medallions and other articles above 22-carat purity in a bid to check round tripping of the precious metal.
India, whose forte lies in crafting intricate handmade gold jewellery, should capitalise on this opportunity by building necessary infrastructure, Commerce and Industry Minister Nirmala Sitharaman said.
The 3 percent tax on gold jewellery is not likely to cause any major disruption to the overall gold demand, ICRA said in a report.
Minawala launches Fire & Ice, dual tone gold jewellery.
Indian jewellery demand consumed a 15 per cent higher - 124 t of gold jewellery due to RBI’s remonetisation buoying consumer sentiment.
Upto 50% off on making charges of gold jewellery & Upto 30% off on Diamond Jewellery.
CaratLane, India’s leading omni channel jeweller launches a new range of 22Kt gold jewellery inspired by tradition.
ORRA has launched exciting offers on gold jewellery that will run until the 17th of February. Patrons will be privy to offers on exchange of gold jewellery as well as flat discounts on making charges.