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 →
The gems and jewellery industry on Saturday welcomed the Centre’s decision to keep the goods and services tax rates (GST) for gold at 3 per cent, which is almost in the same range being levied by most of the states at present. While most of the states have been levying between 2-2.5 percent tax on … Read More →
Mumbai, April 13: The gems and jewellery industry in India is launching various initiatives to ensure that it can further its share of the global trade in the sector. With a share of over 60 per cent, India is already a major player in the manufacturing of diamond across the world. The industry is no aiming to … Read More →
Social media is arguably the best thing to have happened to the apparel industry. The network has armed the fashion industry with the ability to reach a large audience with just a single post. Brands and clients now interact genuinely via any of the existing platforms. Word of mouth, which drives the apparel business, also spreads like … Read More →
The Chinese diamond industry was not spared from the effects of the global economic slowdown in 2015. Despite significant economic headwinds, China’s jewellery market continues to grow, albeit at a slower pace. Some diamond companies said their business aspirations on the mainland are on track, with a number of active players even expanding their reach … Read More →
Coral has long been valued and cherished for its beauty by both Eastern and Western cultures. In Asia, precious coral – the species of coral used for jewellery – is native to the western Pacific Ocean, most notably in the waters near Taiwan and Japan. Taiwan, in fact, has been a majorsupplier of processed coral … Read More →
Jewellery companies and associations have joined hands to form the Western Jewelry Industry Alliance, aimed at establishing Western China as a jewellery manufacturing hub. The group covers regions in Western China including the municipality of Chongqing and the provinces of Sichuan, Yunnan, Shaanxi, Guizhou and Hubei. Chongqing’s jewellery market is largely untapped and underdeveloped compared to … Read More →