(Photo by Andreas Rentz/Getty Images for #SephoraXKaufhof) Behold the beauty aisle; prepare to put on your war paint. Once invulnerable to promotions, price cuts and similar commodity-moving tactics, the beauty category — specifically higher-priced, prestige beauty — is buckling under competitive pressure from savvy consumers finding new ways to purchase venerated brands. As a result, some Read More →

Sales of old gold jewellery are unlikely to be affected by the three per cent Goods and Services Tax (GST) levied on re-materialisation of used articles made of the precious metal. Financial Services Secretary Hasmukh Adhia clarified on Wednesday that old gold jewellery would attract three per cent GST. However, jewellers say consumers needn’t worry as they would get input credit in the invoice made Read More →

Jewellers welcomed the decision to fix the goods and services tax (GST) rate for gold at 3 percent and for rough diamonds at 0.25 percent, saying the move will help boost the industry. They said the government has understood the need of the bullion industry and created a special category in the GST. “We welcome Read More →

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