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
GJEPC Engages with Bankers in Interactive Session, Fostering Stronger Collaborations and Confidence in Industry Growth
The Gem and Jewellery Export Promotion Council (GJEPC) recently hosted an interactive session with leading bankers in Mumbai on October 17, focusing on the current industry outlook and exploring new opportunities for collaboration with financial institutions
PC Jeweller Secures One Time Settlement with PNB Amidst Financial Turmoil
PC Jeweller, grappling with significant financial challenges, announced a pivotal development as it received approval from Punjab National Bank (PNB) for its One Time Settlement (OTS) proposal
Rise of Branded Jewellery Stores on the Horizon
As the clock ticks forward, the landscape of India's jewellery market is undergoing a significant transformation
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
The GJEPC has enrolled 750 laborers in Udupi for the Swasthya Kosh program using Parichay Cards, bringing the nationwide total to almost 60,000
By registering 750 workers under the Parichay card for Swasthya Kosh in Udupi, GJEPC takes significant steps towards ensuring the welfare of the workers in the jewellery manufacturing hub.
Banks have issued loan recall notices to PC Jeweller
PC Jeweller, has been in the midst of legal proceedings with State Bank of India (SBI) and four other banks of the consortium (IDBI Bank, Indian Bank, Bank of India, and Karur Vysya Bank) that have advanced loans to the company.
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
Imports account for 86% of India’s gold supply between 2016-2020: WGC report
Indian official imports have continued to grow despite high import duty, averaging 760t since the first duty hike in 2012
D P Abhushan (DPAL) In Sweet Spot Despite Lockdown
DPAL sales are expected to pick up in H2FY21: Margin expansion aids into profitability
Modi Government Aims To Widen The Tax
Purchase of jewellery over Rs 1 lakh, Rs 20,000 hotel bills to come under I-T scanner
Investment in Gold Escalates
All that glitters is indeed gold! Relevance of yellow metal to Indian economy is evident in recent investment spurt
Will Gems and Jewellery Industry Bounce Back?
Post the lockdown, how long will it take for the industry to begin seeing its golden days again? Industry veterans share their viewpoints…
Industry Steering Committee releases blueprint for spot gold exchange in India
The Committee proposes setting up of Bullion Exchanges that would provide an efficient and trusted ecosystem for trading gold and ensure the success of financialisation of gold, with an aim to improve market transparency, protect the interests of market participants and facilitate India to emerge as a price setter for gold
