Jewellers want cut in import duty of gold and in income tax in Budget 2020
Jewellers are expecting a reduction in import duty of gold and a cut in income tax for the common people in the upcoming Budget to spur demand. At present gold attracts an import duty of 12.5% and a GST of 3%.
Will work with gems, jewellery industry on import duty demand: Piyush Goyal
"I think it is important that we have a dialogue and I am also wo...
Hallmarking to be mandatory for gold jewellery from 2021: Ram Vilas Paswan
Union Minister of Consumer Affairs, Food and Public Distribution R...
Govt raises duty drawback rates for gold, silver jewellery exports
The drawback rates have been raised to Rs 372.9 per gram for gold jewellery from Rs 272 per gram, according to a notification of the finance ministry. Similarly, for silver jewellery, it has been raised to Rs 4,332.2 per kilogram, from Rs 3,254. "This notification shall come into effect from November 16, 2019," the notification has said.
Govt seeks industry suggestions to improve Gold Monetisation Scheme
In 2015, the government had launched the Gold Monetisation Scheme to mobilise the yellow metal held by households and institutions in the country. However, the scheme has failed to evoke good response from individuals because of lower returns and security concerns.
Fine jewellery redefined: Show yourself some love with Irasva's new line of ornaments
The new range of everyday fine jewellery helps create personalised and timeless memories.
From January 2021, jewellers across India can only sell hallmarked gold items. But are retailers and buyers ready?
A great change is coming to end adulteration of gold and ensure customers pay for exactly what they buy.
Jewellery exports dip 5.49% in October to Rs 24,583 crore: GJEPC
The exports stood at Rs 26,010.87 crore in October 2018, according to data given by the Gems and Jewellery Export Promotion Council. The decline in exports is mainly due to a decline in demand in the main export markets following the US-China trade war, protests in Hong Kong and the implementation of VAT in the Middle East, GJEPC added.
Skagen brings ‘Hygge-inspired’ fashion jewellery line; launches simple, minimalist designs for millennials
Skagen feels that India is ready to look at fashion jewellery in a new light.
Compulsory hallmarking to shield jewellery buyers
There are around 650 hallmarking centres across the country.
Gold trade, investors in tizzy as jewellery retailers remain uncontactable
Market sources said mid and small level jewellers were facing stress as consumer demand for the metal had fallen.
Paytm Gold can now be redeemed at jewellery stores
This is a part of Paytm Mall's overall O2O strategy and it has collaborated with Kalyan Jewellers, Malabar Gold & Diamonds, PC Jeweller, Senco Gold & Diamonds and Caratlane to enable users to purchase jewellery by redeeming their accumulated gold.
Hallmarking move may change gold market dynamics
The non hallmarked jewellery is largely sold in small cities and rural areas where consumers are not fully aware of hallmarking and its benefits.
Gems, jewellery exports dip 7% in Apr-Aug
The labour-intensive sector contributes about 15 per cent to the country's overall exports.
Gems, Jewellery exports may decline 5-10% this year: GJEPC
In September, the overall gems and jewellery exports dipped by 7.43 per cent to Rs 23,788.01 crore during September 2019, compared to Rs 25,698.6 crore in the corresponding month of 2018, according to the government data.
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