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GEM AND JEWELLERY NEWS
India's gem and jewellery exports rise 26.5% in June, shining at $2.21 billionIndia's gem and jewellery exports saw a significant rebound in June, increasing by 26.5 percent. Lower international gold prices and improv...- First of two Indian nationals jailed for diamond theft from Singapore storeOne Indian national received a jail sentence in Singapore for a diamond theft. He and his accomplice planned to steal a valuable diamond fr...
- India's diamond export pain is hiding a brighter story at homeIndia's diamond exports have declined over recent financial years. Retail giants are increasing investments in both natural and lab-grown d...
- Ghaziabad Tanishq showroom robbery shocker: How a wedding celebration led to a Rs 4 crore jewellery heist and multiple arrests in major theft caseA Tanishq employee planned a massive jewellery heist worth Rs 4 crore. He used his upcoming wedding as a cover to steal keys and execute th...
- India-Oman CEPA sparks first duty-free gold jewellery shipment from KolkataThe first shipment of gold jewellery from Kolkata to Oman under the India-Oman CEPA was dispatched by Wonder Jewels, marking the start of d...
- No plan to hike gold import duty despite Modi's appeal to skip buying, says government officialIndia denies plans to raise gold and silver import duties. Prime Minister Modi urged citizens to avoid gold purchases amid economic pressur...
- Textile, apparel units in many states issue Covid advisoryThe Surat Municipal Corporation held a meeting with representatives of textile and diamond trade to discuss the Covid-19 situation and said...
- Exporters explore ways to absorb rupee shock amid high global inflationJewellery exporters are opting to manufacture light weight ornaments while engineering goods manufacturers are scouting for cheaper Indian ...
- Exports of plain gold jewellery from India to Dubai fell 24% in April-NovemberOverall gold jewellery exports in April-November fell 23.82% to Rs 45,542.22 crore, as compared to Rs 59,783.40 crore in April-November 201...
- India's gems, jewellery exports picking up in major markets: GJEPCOn the business front, demand for gems and jewellery picking up in all major export markets. Jewellery was the highest selling luxury produ...
- India's diamond exports remain unaffected by covid gloomIndia's exported gems and jewellery export worth $29.07 billion in FY20. In the same period, India exported cut and polished diamonds worth...
- Rock solid beginning: Diamond, gold jewellery sales resume from SEEPZ in Mumbai, Surat Diamond Bourse and Jaipur“Gems and jewellery have started going to Hong Kong and Dubai through cargo flights,” Gem & Jewellery Export Promotion Council (GJEPC) vice...
- Nirav Modi's case a one-off? Here's a look at banks with maximum exposure to jewellersThe RBI has asked PNB to pay the entire Rs 11,300 crore owed to counterparty banks.
- Jewellers say Budget will boost sector, drive consumptionAll India Gems and Jewellery Trade Federation (GJF) Chairman Nitin Khandelwal opined no new tax proposals is a positive move for the sector.
- Jewellery stocks rally upto 20% as government eases curb on gold importsShree Ganesh Jewellery and Gitanjali Gems rallied as much as 20 per cent, followed by rally in Titan Company, TBZ, Tara Jewels, PC Jeweller...
- Jewellers smile as export orders hint at revivalGold imports have dropped drastically in June to 40 tonne from 162 tonne in May but the export of diamond and diamond jewellery is showing ...
- Union Budget 2012: Jewellers demand simple tax regime, abolition of gold ETFsVarious jewellery bodies have demanded a simplified tax regime and abolition of gold ETFs to lure customers in buying the precious metal.
- Gold decline adds glitter to jewellery exporters' marginsA sharp fall in gold prices is a good news for gems and jewellery exporters who will be able to source yellow metal at lower rates and comp...
- Rupee problem: Tough going for import-dependent jewellery exportsWeakening of rupee is a good news for most of the exporters, excepting those engaged in the exports of gems and jewellery.
- Gitanjali Gems is undervalued: Vikas Pershad, Veda InvestmentsSome of the mid-cap companies are doing amazing things and many of them are greatly undervalued.
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