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.
SBI seizes PC Jeweller's New Delhi properties following a loan default of Rs.3,466 crore
PC Jewellers is experiencing operational disruptions due to this financial setback, leading to a significant drop in their second-quarter revenues for the fiscal year 2024
Founder of Malabar Gold & Diamonds, MP Ahammed demands a reduction in import duty to curb gold smuggling
A reduced import duty will make gold smuggling less attractive and will eventually drive the illegal gold out of the markets.
Dalumi Diamonds opens a polishing plant in Botswana
The plant plans to increase its workforce by year end
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