2024 Ahoy! New markets to provide fillip to gems and jewellery exports
Exploring new markets and FTA's to provide momentum in exports
Exploring new markets and FTA's to provide momentum in exports
Growth was seen in segments like polished lab diamonds, gold jewellery, plain gold jewellery, coloured gemstones and silver.
The value of pearls imports being much higher than the value of global production of pearls suggests trade mis-invoicing and round-tripping of funds, says CAG.
Retail industry experts point out that the Budget ignored the long pending demand of the gold industry to reduce customs duty to curb its smuggling.
Gross exports grew by 11% in the first six months of the fiscal to ₹1.40 lakh crore, compared to ₹1.26 lakh crore in the first half of 2019-20.
Kalyan Jewellers has managed to get its IPO oversubscribed, and is betting on a strategy that tailors each of its stores according to the location’s cultural values. But there are challenges ahead.
Industry body Indian Chamber of Commerce (ICC) seeks further relief from the government over the Covid-19 impact on the gem and jewellery sector.
The Gems and Jewellery Export Promotion Council condemns the incident and asks for a quick, thorough investigation.