India imports more pearl than the world produces; CAG flags tax evasion risk
The value of pearls imports being much higher than the value of global production of pearls suggests trade mis-invoicing and round-tripping of funds, says CAG.
gems and jewellery
August 2022
February 2022
October 2021
June 2021
April 2020
February 2018
Gems & jewellery shine under smuggling cloud
Retail industry experts point out that the Budget ignored the long pending demand of the gold industry to reduce customs duty to curb its smuggling.
Recovery ahoy! Gems & jewellery exports bounce to pre-pandemic levels
Gross exports grew by 11% in the first six months of the fiscal to ₹1.40 lakh crore, compared to ₹1.26 lakh crore in the first half of 2019-20.
Can Kalyan Jewellers’ hyperlocal strategy succeed?
Kalyan Jewellers has managed to get its IPO oversubscribed, and is betting on a strategy that tailors each of its stores according to the location’s cultural values. But there are challenges ahead.
Gold demand could drop by 30%: ICC
Industry body Indian Chamber of Commerce (ICC) seeks further relief from the government over the Covid-19 impact on the gem and jewellery sector.
Jewellery exporters blame Nirav Modi for credit crisis
The Gems and Jewellery Export Promotion Council condemns the incident and asks for a quick, thorough investigation.
