Duty Hike on Gold, Silver Imports Puts India’s Jewellery Trade on Alert
As India raises gold import duty from 6% to 15% amid economic pressure and a weakening rupee, the jewellery industry is preparing for higher prices, evolving demand, and possible market disruption, discovers Khursheed Mistry.
Jewellery Industry Backs Gold Conservation Push Amid Duty Hike Concerns
As India raises gold import duty to 15%, leading jewellery players and trade bodies support gold conservation measures while warning of liquidity pressure, export challenges and rising risks to MSMEs.
Government Increases Customs Duty on Gold, Silver and Jewellery Components
The Finance Ministry has increased customs duty across multiple precious metal and jewellery categories, impacting gold, silver, platinum findings and recycled precious metal imports effective from May 13, 2026.
Bharat Diamond Bourse hosts Leadership Series with MUBRI and WGC executives
Bharat Diamond Bourse organized a Leadership Series session in Mumbai featuring MUBRI President Ali Pastorini and WGC India CEO Sachin Jain, addressing Latin America demand, trade barriers, and domestic market outlook.
FTA with UK to add momentum to value-added jewellery exports: Kirit Bhansali, GJEPC Chairman
The India-UK CETA is going to boost exports, create new jobs in the jewellery sector, and reinforce India’s position as a global leader in jewellery craftsmanship and trade, says Kirit Bhansali, Chairman, GJEPC, in a conversation with Suneeta Kaul.
World Gold Council Urges Government to Maintain Gold Import Duty in Budget 2025
The World Gold Council (WGC) has expressed concerns about the potential hike in gold import duties in India’s upcoming Union Budget for 2025
Gold Jewellery Industry Revenue Expected to Grow 13-15% in FY25: ICRA
The Indian gold jewellery industry is poised for significant growth in the financial year 2025 (FY25), with revenue expected to increase by 13-15%, according to a report by ICRA
Indian Government Raises Customs Duty on Gold-Alloy Imports to Close Loophole
The Indian Government has increased the customs duty on imports of gold alloys under the Comprehensive Economic Partnership Agreement (CEPA) with the UAE, aiming to close a loophole exploited by bullion dealers that led to significant market distortions and revenue loss
Union Budget 2024: Gem and jewellery industry concerns not addressed
The Budget has not addressed any of the concerns of the gem and jewellery industry, leaving the industry disappointed
Union Budget 2024-25: GJEPC’s Recommendations To the Government To Propel Gem & Jewellery Exports
GJEPC, the representative body for India's international gem and jewelry trade, has put forth numerous suggestions to the Government in anticipation of the forthcoming budget
G&J industry reacts sharply to proposed hike in GST to 5%
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
Gems, Jewellery Industry's Suggestions Related To Duties Under Finmin's Consideration: Piyush Goyal
The suggestions of gems and jewellery industry related to duties and taxes are under consideration of the Finance Ministry, Commerce and Industry Minister Piyush Goyal said on November 27
Gold and Diamond Jewellery Exporters See Steady Expansion Of Export Market
Gold and diamond jewellery exporters are witnessing a steady growth in export orders
Working to support the industry request on the duty structure of gold, other precious stones and diamonds: Piyush Goyal
He also asked the industry to follow legal practices such as doing digital transactions to enhance the integrity of the sector
GJC bats for reduction of gold import duty at 4%
The council also urged that the Gold Monetisation Scheme be made more attractive so that the industry gets better access of domestic gold as raw material
- 1
- 2
