Gem & Jewellery imports dip 17% to $1.40 billion in July
The import of rough diamonds declined by 16% to $4.3 billion for April-July 2024
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Budget 2024: Gold, gems and jewellery sector seeks incentives to be a global hub
The gold and jewellery industry expects continuation of pro-growth and pro-gold policy reforms.
PC Jeweller shares hit 10% upper circuit on settlement offer from PNB
Last month, PC Jeweller had also received a similar proposal from Union Bank of India to settle its outstanding dues.
Titan shares extend fall for 5th session; down 4% post Q1 update
The Tata group company reported disappointing growth in the jewellery business in Q1 FY25, due to higher gold prices and lower wedding days.
P N Gadgil Jewellers, Crizac file DRHP with SEBI to raise funds via IPO
P N Gadgil Jewellers looks to raise up to ₹1,100 crore via the IPO route, while Crizac plans to garner up to ₹1,000 crore from the public issue.
Indians ‘spend’ less but ‘invest’ more in Gold
Demand for gold jewellery reduced due to spike in price but sovereign gold bonds December-tranche attracted record subscriptions
From import duty cuts to licensing reform: What gem & jewellery sector expects from Budget 2024
The GJEPC has urged govt to cut import duty on gold, silver, and platinum bars to 4%; reduction in import duty on cut and polished diamonds to 2.5%.
Global Risks Bode Well For Gold
Rise in income levels and economic uncertainties to aid consumption of yellow metal.
2024 Ahoy! New markets to provide fillip to gems and jewellery exports
Exploring new markets and FTA's to provide momentum in exports
Gold demand surges by volume - and value - in Q3 2023
The gold demand increased by 28% YoY to ₹188,400 crore in Q3 2023; in volume terms, the demand rose by 10% in the July-September period.
