Search result for 'jewellery exports'

Budget 2023: GIFT City, Diamond Industry Hail Launchpad for Developed India

July 23, 2024 19:04

India's Union Budget 2023 has been welcomed by the diamond sector and GIFT City, with industry leaders calling it a launchpad for a developed India. Key highlights include tax relief for the middle...

Gold Import Duty Cut: Boosting Jewellery Exports & Startups

July 23, 2024 17:29

India's Budget 2024-25 cuts gold import duty to 6% to boost domestic manufacturing and jewellery exports, while also removing angel tax for startups.

India's Gems & Jewelry Exports Decline 13.44% in June

July 16, 2024 16:58

India's gems and jewellery exports dropped 13.44% in June to Rs 15,939.77 crore, impacted by weak global demand, especially in China. Cut and polished diamonds saw a sharper decline, while...

India's Exports to Cross USD 800 Billion: Goyal

June 29, 2024 18:45

India's Commerce Minister Piyush Goyal forecasts goods and services exports to exceed USD 800 billion this fiscal, driven by global demand and strategic initiatives.

European Jewelers Use Mega CFC for Quality Testing - CEO

June 29, 2024 18:07

European jewelers are utilizing the services of the Mega CFC in Mumbai for quality testing, enhancing gem and jewelry exports. Learn how this facility is boosting productivity and innovation.

Gems & Jewellery Exporters Seek Import Duty Cut in Budget

June 25, 2024 21:02

Gems and jewellery exporters have urged the Finance Minister to reduce import duty on gold, silver, and platinum bars to 4% in the upcoming Budget. The move is expected to boost exports and...

Gems, jewellery exports fall 5 pc to Rs 20,713.37 cr in May: GJEPC

June 14, 2024 18:46

India's gems and jewellery exports fell 4.97% to Rs 20,713.37 crore in May 2024, according to GJEPC data. However, gold and silver jewellery exports saw significant growth.

Gold & Silver Jewellery Export Norms Revised: Industry Disappointed

May 27, 2024 22:38

India's government has revised the wastage and input-output norms for gold & silver jewellery exports. The industry expresses disappointment as they were not consulted.

India's Top Import Destination: Switzerland in April | Gold Imports Surge

May 15, 2024 22:13

Switzerland emerged as India's top import destination in April due to a surge in gold imports, surpassing Russia, China, Iraq, and the UAE. Read more about India's gold import trends and the impact...

Gold Imports Surge 30% to USD 45.54 Billion in 2023-24

May 10, 2024 17:32

India's gold imports jumped 30% to USD 45.54 billion in 2023-24 due to strong domestic demand, despite a contraction in March. Learn more about the impact on India's trade deficit and current account.

Gems & Jewellery Exports Dip 12.17% in FY24: GJEPC

April 20, 2024 17:24

India's gems and jewellery exports declined by 12.17% in FY24 to Rs 2.65 lakh crore, primarily due to high interest rates in the US and slow recovery in China, GJEPC data shows.

India's Gold Imports Surge 26.7% in FY24

January 29, 2024 21:05

India's gold imports rose significantly in April-December 2023, reaching USD 35.95 billion, driven by robust demand. Switzerland was the top source, followed by the UAE and South Africa....

Gold Imports Surge 26.7% in India: FY24 Update

January 29, 2024 19:55

India's gold imports rose 26.7% to USD 35.95 billion in April-December 2023, driven by strong demand. Learn about the impact on the country's current account deficit and key import sources.

India Gold Imports Surge 26.7% in Apr-Dec FY24

January 29, 2024 18:24

India's gold imports rose significantly in April-December 2023, driven by strong demand, reaching USD 35.95 billion. Learn about the impact on the country's current account deficit and trade balance.

India Aims to Be Top Gold Jewelry Supplier: DGFT Chief

January 24, 2024 20:45

India's DGFT advocates for a strong branding strategy to position the country as a leading gold jewelry supplier and value-added provider. The summit discussed e-commerce potential, policy...

Gem 'Jewellery Sector Seeks Duty Cuts on Gold, Diamonds

January 21, 2024 11:34

The Gem ' Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and cut and polished diamonds ahead of the Union Budget. The council believes that these...

Gem & Jewellery Exports Decline 8.14% in December - GJEPC

January 18, 2024 18:05

India's gem and jewellery exports fell by 8.14% in December 2023, reaching Rs 18,281.49 crore. The decline was attributed to sluggish demand in key markets and geopolitical factors.

Bharat Ratnam Mega CFC Boosts Gem & Jewellery Exports

January 12, 2024 20:32

The Bharat Ratnam Mega CFC at SEEPZ SEZ aims to double gem & jewellery exports to USD 15 billion, providing world-class infrastructure and boosting productivity.

Maharashtra Targets USD 1 Trillion Economy by 2030, Gems & Jewellery Industry Key - Fadnavis

January 5, 2024 20:44

Maharashtra Deputy CM Fadnavis says the growing gems and jewellery industry will help the state achieve its USD 1 trillion economy target by 2030. He highlights the government's support for the...

Goyal: Govt to Expand ECGC Cover for Gems & Jewellery

January 4, 2024 18:36

India's Commerce Minister Piyush Goyal announced plans to expand ECGC cover for gem & jewellery exporters, aiming to boost the sector and position India as a global leader. The government is also...

Gold Price to Hit Rs 70,000 in 2024: Experts

December 31, 2023 11:10

Gold prices are expected to reach Rs 70,000 per 10 grams in 2024 due to a stable rupee, geopolitical uncertainties, and slowing global economic growth. Experts predict a surge in demand for gold as...

Gem & Jewellery Exports Dip 4.52% in Nov: GJEPC

December 29, 2023 15:25

India's gem and jewellery exports declined 4.52% in November to Rs 19,018 crore, according to GJEPC. The dip was attributed to supply disruptions and festival demand.

Commerce Ministry Proposes New Bye-Laws for EPCs & FIEO Elections

December 28, 2023 10:12

The commerce ministry has proposed revised election bye-laws for export promotion councils (EPCs) including FIEO, with a two-year term for chairman and no immediate re-election. These new bye-laws...

Gujarat Diamond Bourse: Rs 2 Lakh Cr Turnover, 1.5 Lakh Jobs

December 21, 2023 13:29

Gujarat's diamond sector shines with the new Surat Diamond Bourse, projected to boost turnover to Rs 2 lakh crore and create 1.5 lakh jobs. PM Modi inaugurates the bourse, highlighting its impact...

India to Be Top 3 Economy in Modi's 3rd Term: PM

December 17, 2023 16:13

Prime Minister Modi guarantees India will be among the top three economies in the world during his third term. He inaugurated the Surat Diamond Bourse, the world's largest, calling it a symbol of...

G7 Diamond Curbs: Minimal Impact on India's Trade - Govt

December 15, 2023 20:03

India's diamond trade will face minimal disruption from G7's Russian diamond import restrictions, says the government. Indian officials have secured key concessions on diamond checks, ensuring...

CBI Charges 7 in Gold Smuggling Case: Jewelry Disguised as Exhibition Items

December 14, 2023 16:56

The CBI has filed a charge sheet against 7 individuals and a company for allegedly smuggling gold into India disguised as unsold exhibition items. The racket involved circular trading and misusing...

India's Gem & Jewellery Industry Resumes Rough Diamond Imports

December 8, 2023 20:41

India's gem and jewellery industry will resume rough diamond imports from December 15, after a voluntary suspension since October 15 to address demand and supply imbalances.

G7 Diamond Ban: GJEPC Raises Concerns, Seeks Flexibility

December 7, 2023 22:03

The Gem & Jewellery Export Promotion Council (GJEPC) expresses concerns over the G7's decision to ban Russian diamonds, urging for flexible timelines and clarity on implementation.

India Recognizes 114,902 Startups as of October 2023

December 6, 2023 16:04

The Indian government has recognized over 114,000 entities as startups as of October 31, 2023, making them eligible for fiscal incentives under the Startup India Action Plan.

M&M Financial Services Q1 Profit Surges 45% to...

Mahindra & Mahindra Financial Services reported a 45% jump in June quarter net profit...

ICICI Pru Life Q1 PAT Up 9% to Rs 224.34 cr |...

ICICI Prudential Life Insurance reported a 9% rise in profit after tax (PAT) for the...

FY25 Budget: Fitch Ratings on India's Fiscal...

Fitch Ratings commends India's FY25 Budget, highlighting its commitment to fiscal...

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