India's recent gold import duty cut is expected to spark a surge in gold demand during the upcoming festive season. With duties reduced from 15% to 6%, the move aims to make gold more affordable for consumers and boost retail purchases amid the peak wedding and festival period

In a move that brings relief to the gem and jewellery industry, the Directorate General of Foreign Trade (DGFT) has decided to postpone the implementation of revised wastage norms for exports. This decision follows advocacy efforts by the Gem & Jewellery Export Promotion Council (GJEPC), highlighting the potential adverse impact on small and medium-sized enterprises (MSMEs)

Step into your own 'Breakfast at Tiffany's' moment now at the newly unveiled Tiffany & Co. store in Mumbai, India

Having just renovated his store, Shikhar Agarwal of Kamna Jewellers talks to Suneeta Kaul about what prompted him to expand the business, and his plans for the coming times

Retailers are citing several growth drivers that give an impetus to sales, ranging from improving systems and procedures within the company, to better social media management, and promotion and communication, says Suneeta Kaul

The country imported 14.6 tonnes of gold in January 2023, down from 61.5 tonnes in January 2022. The lower demand for gold has affected not only India's import figures but also global gold prices, which fell on the news of India's reduced imports.

As 2022 draws to a close, jewellery retailers take a moment to reflect on the year that was, and express their views on what to expect in 2023. The industry is upbeat, and there’s a lot of optimism in the sector, discovers Suneeta Kaul

This year, GJEPC has received request for booth spaces from 397 new exhibitors in addition to many first-time participants at the Bengaluru edition last year. This could pose a problem for existing exhibitors who have put in a request for an upgrade for larger booth space

However, local gold futures fell to INR 49,572 per 10 grams in May, the lowest in nearly three months

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

According to GJEPC, the rescheduling of different jewellery shows in India has resulted in the show calendar in India becoming very busy for the month of March-April 2022, and so IIJS Tritiya has been postponed

The event was planned in just three weeks flat, and GJEPC wanted to highlight the behind-the-scenes work that has gone into putting up one of the largest jewellery trade shows in Asia

Total revenue for the quarter was Rs. 3435 crore, compared to a total revenue of Rs. 2936 crore for the same period during the last financial year

IIJS Signature will feature 871 exhibiting businesses and over 12,000 trade visitors are expected, says GJEPC