Gem & jewellery exports cross ₹30,000 crore in FY23 despite volatile global markets
Growth was seen in segments like polished lab diamonds, gold jewellery, plain gold jewellery, coloured gemstones and silver.
gems and jewellery
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February 2018
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 & 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.
