Silk fibres have been exempted under GST. (File Photo) GUWAHATI: Five years ago, Lekha Goswami left her plum corporate job to follow her passion – designing traditional clothes and started a one-room Assamese ethnic-wear boutique. Off late, the 37-year-old has been anxiously spending inordinate amounts of time reading up on the recently launched GST – Read More →

The GST (goods and services tax) rate on gold jewellery is fixed at 3%. While it is higher than the earlier tax on gold, the GST rate is lower than expectations of a 5% rate and that is a relief. GST implementation is expected to be positive for jewellery companies in the organized market such Read More →

In a major relief for bullion dealers and jewellery retailers, the government has rescinded applicability of the Prevention of Money Laundering Act (PMLA) on purchases of precious ornaments above of Rs 50,000.   In a notification issued on Friday, the Ministry of Finance said, “The government has received representations from various associations in the gems and jewellery sector with Read More →

Telangana has offered 1,000 acres of land for a mega textile park, besides a plug-and-play model for easy operation of these units. Photo: Reuters The Telangana government has announced new incentives to attract investments in the textile and apparel sector, in what could be a wake-up call for the Tamil Nadu government to prevent a chunk of investment from shifting. Telangana has offered 1,000 acres of Read More →

Russian mining giant Alrosa met with stakeholders of the Israeli diamond industry to discuss pertinent issues on manufacturing, synthetic diamonds as well as generic diamond marketing initiatives. Alrosa President Sergey Ivanov met with Israel Diamond Exchange (IDE) President Yoram Dvash and Israel Diamond Institute (IDI) Chairman Shmuel Schnitzer. High on the agenda of the three Read More →

Belford Jewellery of Hong Kong is at the forefront of designing and producing jewellery pieces that celebrate the enigmatic beauty of diamonds. Established in 1977, the company traces its roots to the creative pursuits of art enthusiasts Leung Kwok Ching and her brother-in-law, Benson Wong. What started out as a hobby of designing jewellery for Read More →

Jewellery brands are expected to capture a bigger share of China’s jewellery sector, particularly in second-, third- and fourth-tier cities, over the coming years, according to a market research published recently. Jewellery brands are developing at a brisk pace and stepping up their expansion through franchisees, the Hong Kong Trade Development Council said in a study Read More →

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