Government Set to Increase GST on Gold and Silver to 5%
The Indian government is expected to increase the Goods and Services Tax (GST) rate on gold and silver from 3% to 5%. This anticipated hike follows recent reductions in the basic customs duty, as outlined in the latest Budget
Sachin Jain Assumes CEO Role at World Gold Council India, Pledging Sustainable Growth Vision
Sachin Jain, the newly appointed CEO for India at the World Gold Council, brings extensive experience from his tenure at De Beers, where he served in several senior roles over the past 13 years. Notably, he held the position of Managing Director of De Beers India, overseeing operations for the De Beers Forevermark business in India and the Middle East. His appointment is effective March 2024
DGFT Encourages GJEPC to Promote Jewellery Exports via E-commerce
India will target gold jewellery exports of USD 25 billion by 2030: Vipul Shah, Chairman, GJEPC, at the India Gold & Jewellery Summit
IIGJ marks its 16th Convocation Ceremony
The 16th Convocation Ceremony of Mumbai's Indian Institute of Gems & Jewellery, an initiative of GJEPC, honoured 36 graduates from the 3-year B.A. in Gems & Jewellery program
World Gold Council India CEO to step down
The World Gold Council has announced that Somasundaram PR, Regional CEO, India, will step down from his current position next year when his successor has been appointed.
Rising Gold Prices Drive Surge in Old Jewellery Sales
Indian Jewellers Report 25% of Gold Sales from Jewellery Exchange; Record Sales of Used Jewellery Expected, says World Gold Council.
Surge in Gold Jewellery Recycling Expected to Reach Record Levels
The World Gold Council has forecasted that a record amount of used gold jewellery will likely be sold in India, reflecting the growing trend of individuals leveraging the advantageous market conditions to unlock the value of their assets.
Jewellers are requesting a three-month extension to the mandatory hallmarking deadline
Around 20-25 percent of the industry's inventory still needs to be HUID hallmarked.
A citizen-friendly budget not quite jeweller friendly
One of the biggest demands of the gems and jewellery sector was for the government to bring down the customs duty on gold to 10 per cent to eliminate smuggling – but the demand went unheard yet again
World Gold Council launches Jewellery Demand and Trade Report
The report examines the demand and importance for gold jewellery in India after a shift in the consumer behavior over the years.
Dr. Bhagwat Kishanrao Karad, Minister of State for Finance Inaugurates GJEPC's Banking Summit 2022
GJEPC organised the Summit as an initiative to promote better banking and business practices
WGC Launches the ‘Jewellery Market Structure’ Report
This World Gold Council report states that chain stores comprise 35% of India’s retail gold jewellery market and that they are poised to grow in the next 5 years
IBJA & GJC to Launch ‘Gold Craft’ - A One-Stop Destination & Holistic Ecosystem for the G&J Industry at Navi Mumbai
Gold Craft will be an integrated gems, gold and jewellery manufacturing park with exclusive features
Deepika Padukone Graces GJEPC’s ‘Jewellers for Hope’ Charity Dinner
GJEPC amplifies mental health awareness by supporting Live Love Laugh Foundation
WGC Suggests ‘An SRO for India’s Gold Industry’
Somasundaram PR, Regional CEO, India, World Gold Council states that now’s the right time for the Indian gold industry to have its own SRO and publishes a report
