To promote domestic manufacturing and cut imports, there is a plan for strict implementation of rules of origin criteria to check diversion of imports via free-trade agreement countries

The domestic industry has demanded a cut in import duty on gold to 4% from the current 10%

India's gems and jewellery exports have declined 22 percent to $2.6 billion in April on account of demand slowdown in major markets including the UAE.

The countrys gems and jewellery exports contracted by 8 per cent to about USD 32.72 billion in 2017-18 owing to demand slowdown in major markets, including the US.

Policy changes last year created a lot of upheavals in the Indian gems and jewellery
industry. A good medicine tastes bitter; likewise, the policies may have caused
a short-term mayhem in the industry, however, the gradual transition with GST is
meant to do good in the long term. It’s definitely a move towards more transparent
and organized way of doing business. By Kavita Parab

Gems and jewellery exports saw a 4.8 per cent dip at USD 22.43 billion during April- November this year owing to demand slowdown in major markets, including the US.