Jewellery market post-August 23, witnessed a downfall of 40 to 50 percent after PMLA provisions came into effect. Mumbai: Owing the credit to Diwali and Dhanteras, jewellery sales in Maharashtra witnessed a surge of 20 percent despite financial reforms such as demonetization and Goods and Services Tax (GST), in comparison to sales in 2016. “People are … Read More →
Image Courtesy – Jet Gems The festival of lights is expected to bring back happiness for the jewellery industry in the country, as for the last 3 Years; sector has seen quite turmoil owing to various amendments in regulations. Recently, Central Government has rolled back the previous notification that brought the gems and jewellery under … Read More →
Gold and jewellery sales may remain flat this Dhanteras amid sluggish demand from consumers despite relaxation in KYC norms for purchase, even as people fancied automobiles and electronic items, according to industry players. However, organised players like P C Jewellers, Kalyan, Talwar Sons and Jewellers are expecting 10-35 per cent jump in sales, thanks to … Read More →