GJEPC Submits Pre-Budget Recommendations to Boost Export Competitiveness and Ease of Doing Business
The Gem & Jewellery Export Promotion Council presented key policy proposals to the Government seeking tax reforms, industry incentives, and regulatory ease to strengthen India’s leadership in diamonds, gold, coloured gemstones, and lab-grown diamonds.
Gold Jewellery Demand Expected to Grow 14-18% in FY25: ICRA Report
The ICRA report projects a robust 14-18% year-on-year growth in India’s gold jewellery consumption for FY25, driven by factors like the customs duty cut, festive demand, and rural income boost. Organised retailers are expected to lead the growth with network expansions and rising consumer preference for branded jewellery
Diamond Polishing Sector Set to Hit Decade Low with 25-27% Sales Dip: CRISIL Report
India’s natural diamond polishing industry is bracing for a steep revenue decline of 25-27% this fiscal year, reaching a decade-low of $12 billion, according to a recent CRISIL report
Consumption of gold jewellery to rise in FY23: Icra
Revenues of organized retailers are likely to grow at a higher pace of 14%, backed by their aggressive store expansion plans and a gradual shift from the unorganized segment towards the organized one
Crisil: Revenue of gold jewellery retailers set to rise 12%-15% next fiscal
This will follow a strong revenue growth of 20-22% expected in FY22, albeit on a lower base of the pandemic-impacted previous fiscal
Investing in gold schemes, beware of company ratings
Recently, CARE had moved Nathella Sampath Jewellery to ‘Default’ rating based on the available public information
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