GJEPC Appeals to Finance Minister for Urgent Relief Amid U.S. Tariff Impact on Gem & Jewellery Sector
The Gem & Jewellery Export Promotion Council (GJEPC) has appealed to Finance Minister Nirmala Sitharaman for urgent relief measures to help the Indian gem and jewellery industry withstand the financial strain caused by the recent 50% tariff imposed by the United States, which threatens exports, jobs, and sector competitiveness.
Government Launches Diamond Imprest Authorisation Scheme to Strengthen India’s Diamond Industry
The Government of India has announced the reintroduction of the Diamond Imprest Authorisation (DIA) Scheme, aiming to boost India’s competitiveness in the global diamond trade and support the domestic industry
GJEPC urges Centre to consider reducing import duty on cut and polished diamonds
It has also suggested that the basic customs duty on gold, silver, platinum jewellery should be increased from 20% to 25%
GJEPC organised a webinar on “Bonded Warehouse: Analysis & Comparison with other export promotion schemesâ€
The Gem and Jewellery Export Promotion Council (GJEPC) in association with Knowledge Partner Lakshmikumaran & Sridharan Attorneys, organized a webinar on “Bonded Warehouse: Analysis and Comparison with other export promotion schemes” on Friday, 21st May 2021
G & J Exports Witness Growth Of 16.63% To US$ 3369.65 Million In April 2021 As Compared To US$ 2889.12 Million In April 2019, Pre Pandemic Year
- * GJEPC Seeks Support From Govt To Continue Momentum Of Gem & Jewellery Exports
- * Achieved Over The Last Few Months
- * International markets are open and demand for G&J has started to come back
- * However domestic challenges due to Covid-19 second wave are hurdles in first half of the year
GJEPC's Recommendations: Modification In The Revamped – Gold Deposit Scheme (R-GDS) and Gold Metal Loan (GML)
GJEPC put forth its suggestions to modify few points within the Revamped – Gold Deposit Scheme (R-GDS) that will enable its larger acceptance and garner additional deposits of idle gold within the country
International Gemological Institute successfully hosted the buyer-seller knowledge meet in Hyderabad
The two-day 'IGI D-Show' facilitated a better and faster inter-market interaction in the jewellery industry.
Jewellery now part of mainstream fashion?
Statement making haute joaillerie has entered the mainstream fashion industry in a big way - and the recently concluded Lakme Fashion Week (Summer/Resort) 2011 is ample proof of this.
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