Trump Tariff Troubles: GoI should allow reverse job work from SEEPZ, says Kirit Bhansali, Chairman, GJEPC
With the steep Trump tariffs now having come into play, the cutting, polishing, manufacturing and export hubs of India are facing severe problems, with joblessness and unit-closure a distinct possibility. The silver lining is that the GJEPC is hopeful of a solution, particularly in view of the advocacy efforts of its US counterparts, who are also working hard to impress upon the Trump administration that the high tariffs will have a deleterious effect on the US jewellery industry as well. In a free-wheeling conversation with Suneeta Kaul, Kirit Bhansali, Chairman, GJEPC, talks about the impact of the tariffs, the steps being taken to bring about some relief to the industry, its expectation from the government, and more.
Overseas manufacturing, supply chain adjustments to counter tariff hike: GJEPC
The Gem & Jewellery Export Promotion Council (GJEPC) met on Friday to address the sharp rise in US tariffs on Indian jewellery, which now stand at 25%–32%, threatening the export segment. Discussions covered the scale of the impact, the need to explore legal and operational intricacies, and long-term strategies to protect the sector.
IIJS Signature 2022 -- Russia-Ukraine tensions on participants’ minds as gold prices go up
This might be a good time to invest in gold as the conflict between Russia and Ukraine may not subside fully, even if diplomatic talks succeed. In case a war-like situation comes about, gold prices are very likely to zoom, says Suneeta Kaul
Gold ETF Demand Sees 300% Annual Increase in First Quarter
Gold-backed exchange-traded products were the prevailing asset to own, driving global demand for the yellow metal in the first quarter, as the world economy was crushed by the COVID-19 health crisis, according to the latest research from the World Gold Council (WGC)
Jewellery industry in for a disappointing Diwali
This Diwali is not going to be very shiny following very high prices and already poor consumer sentiment dented by the deepening all-round gloom in the economy with every key indicators contracting or plunging month after month for nearly a year
Old gold recycling up by 15-20% in August
Alongside, they said, some people have used the opportunity to exchange old gold for cash as well
GJEPC Views on Union Budget 2013-14
Vipul Shah, Chairman, GJEPC says that the Union Budget did not highlight much on measures for the gem and jewellery industry. But, the Import Export Policy to be revealed in one month's time may prove fruitful for the industry.
IDMA's New President is Maxim Shkadov from Russia
The 35th World Diamond Congress concluded in Mumbai on 17th October 2012, with the International Diamond Manufacturers Association (IDMA) electing a new board for the upcoming two-year term.
Mumbai's largest jewellery destination launched by Tanishq
Tanishq salutes the larger than life spirit of Mumbai with a one-stop-shop jewellery boutique
Angola Govt. approved cooperation between companies
Companies will cooperate in prospecting research etc.
- 1
