Surat: The apex body of India’s gems and jewellery sector has predicted that the exports are likely to remain flat in this financial year due to weak demand in the overseas market and the Goods and Service Tax (GST) implementation in India. In the recently published trade data for FY18, the Gems and Jewellery Export … Read More →
India’s gems and jewellery exports is likely to decline by a staggering 30 per cent in the financial year 2017-18 due to unfavourable government regulations and trade restriction from the Gulf countries. The signals of the steep decline in exports were already visibile in July with over 26 per cent fall in India’s gems and … Read More →
Although the downward trend witnessed in the global markets, the country’s gems and jewellery exports showed upward trend, which is very positive sign. MUMBAI: The government hopes the gems and jewellery sector to grow 6-7 per cent per annum and has set at target of $60 billion exports by 2022 from the present $43 billion, a senior … Read More →
Gold jewellery exports from India have come to a grinding halt the past two weeks due to non-availability of the metal for fabrication. Trade sources said banks and nominated agencies responsible for bullion import have halted the entry of gold since implementation of the Goods and Services Tax (GST) effective July 1. They fear the government’s decision to levy … Read More →
The World Jewelry Hub (WJH) recently saw the first export of finished jewellery manufactured in the WJH Free Zone. The transaction was managed under the centre’s expanded free-zone licence, which permits the establishment of manufacturing facilities within its jurisdiction. “This was a small export, but a giant step for the World Jewelry Hub,” said Mahesh … Read More →
Pakistan’s textiles products and readymade garments have great export potential for the Indian markets as part of ambitious plan to increase overall exports to India to $1 billion within a year, Commerce Minister Engineer Khurram Dastagir Khan has said. His comments came while chairing a meeting with Pakistani members of the Pak-India Business Council in … Read More →
At a time when global luxury markets are struggling to attract customers to keep their exports afloat, silverjewellery exports from India grew exponentially over the past five years. India’s silver jewellery exports quadrupled since financial year 2010-11 because of rapid shift in consumer preferences in favour of contemporary designs of gemstone-studded ornaments. Data compiled by … Read More →