The Gem & Jewellery Export Promotion Council (GJEPC) convened a pivotal meeting with Shri Sunil Barthwal, Commerce Secretary, to discuss and address pressing concerns affecting the Indian gems and jewellery sector

The Budget has not addressed any of the concerns of the gem and jewellery industry, leaving the industry disappointed

Limelight's commitment to best sustainable practices in ESG+ (environment, social, governance, innovation) has earned them this recognition.

Finance Minister Nirmala Sitharaman will present the budget on the Parliament on February 1, 2023. With the approaching central elections, popular consensus on this year’s budget is that it would be growth-oriented, with a focus on infrastructure, inflation, manufacturing and rural economy

A reduced import duty will make gold smuggling less attractive and will eventually drive the illegal gold out of the markets.

The underlying demand continued to be strong across all of its businesses, with most segments posting Y-o-Y growth over a strong Q4 FY21 base

Some of the major aspects of budget representation are duty cuts primarily for gold, cut and polished diamonds, precious and semi-precious gemstones

Industry players feel the move is ill-advised and ill-timed, as they are already grappling with challenges caused by the pandemic and HUID issues. If the proposal goes through, it will add a huge burden to the industry, finds out Suneeta Kaul

The report provides investors and stakeholders with an understanding of the implications of the transition to net zero carbon for gold in the context of a global multi-asset portfolio

Lockdown 2.0 has brought in several challenges. Jewellery retailers from Punjab are facing all of them bravely 

The concerted efforts of GJEPC bore the results in favour of Indian Industry: the USTR announces suspension of proposed additional tariff on goods for upto 180 days with six trading partners including India over Sec. 301 investigation on Digital Service Tax; States that the investigations are meant to finally determine the imposition of additional tariffs on certain goods imported from Austria, India, Italy, Spain, Turkey, and the UK

At the United States Trade Representative (USTR) multi-jurisdictional hearing held virtually on 10th May, the GJEPC along with other major trade bodies and leading exporters from the gem & jewellery sector represented  Indian industry’s grievances over a proposed 25% import duty on 17 Indian jewellery items

Getting new clients for any business has always been challenging. The last year has aggravated this challenge considerably owing to the fact that physical G & J shows had to be cancelled and converted into virtual ones. Jewellery manufacturers share the practices they adopt to get new clients with Sugandha R

The Indian jewellery manufacturing fraternity is resilient and amidst a surge in Covid 19 cases in some states, lack of skilled artisans, liquidity issues and economic downturn, they are ploughing through the crisis to meet the ongoing festive and wedding demand