The levy of 1 per cent excise duty on non-silver jewellery will lead to “inspector raj and corruption”, Delhi Chief Minister Arvind Kejriwal today said today and hit out at the Centre for its decision despite widespread opposition. His comments came hours after a section of jewellers today met him at his residence urging him … Read More →
Indian gold imports and premiums could spike after the country’s main jewellery federation reached an agreement with the government over newly imposed taxes following an 18-day strike. Previously, the All India Gems and Jewellery Trade Federation (GJF) had opposed a one-percent tax on gold jewellery sales, arguing that many small-scale jewellers would be adversely affected because … Read More →
An Australian jewellery supplier celebrating its 30th anniversary this year has launched a competition to encourage and support local, emerging jewellery designers. The Najo contest, which was announced yesterday, invites jewellery design students and apprentices across Australia to submit a hand drawn sterling silver jewellery design that could become part of the brand’s upcoming range. … Read More →
Gems and Jewellery exports declined by 14.5 per cent to USD 25.95 billion during the first ten months of the current fiscal due to slowdown in global demand. In the April-January period of last fiscal, the exports stood at US$ 30.35 billion, according to the data from Gems and Jewellery Export Promotion Council (GJEPC). Besides … Read More →
Gems and jewellery exporters urged the Centre to withdraw the proposed 1 percent excise duty on non-silver jewellery, adding that they do not want to join the ongoing strike by bullion traders and retailers. Members of over 358 associations related to jewellery trade and related businesses are on strike since March 2 to demand withdrawal … Read More →
While a recent study has indicated that Australia and New Zealand’s three jewellery buying groups have collectively increased membership over the past two years, figures clearly show gains for some and losses for others. Jeweller’s 2016 Buying Group Report examined how the jewellery buying groups, Leading Edge Group Jewellers, Nationwide Jewellers and Showcase Jewellers, have … Read More →
India’s Gem & Jewellery Export Promotion Council (GJEPC) recently called on the government to withdraw the 1 percent excise duty on jewellery – excluding plain silver jewellery – in the 2016-2017 Union Budget. In a press release, the council said GJEPC Chairman Praveenshankar Pandya has already approached the government to initiate meetings with officials from … Read More →