Jewellery manufacturers hit by new challenge of inadequate manpower to execute adequate export orders

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The gems and jewellery industry, which is witnessing an increase in export orders, is facing challenging times due to lack of skilled manpower as workers are either unable to come back due to transportation restrictions or reluctant to leave their families in times of crisis, the Gem & Jewellery Export Promotion Council (GJEPC) said. Demand […]

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U.S. withdrawal of special status to Hong Kong creates opportunity for Indian jewellers

The US withdrawal of special status to Hong Kong could boost India’s jewellery exports to developed nations and help it become the world’s largest diamond trading hub, say experts. After China imposed a national security law on Hong Kong earlier this month, the United States withdrew the special status granted to Hong Kong. United Kingdom, Australia, and Canada followed suit. With […]

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Gems and jewellery exports to witness a sharp decline in the first quarter of FY21: CARE

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The gems and jewellery exports are expected to witness a sharp decline in March as well as in the first quarter of the next fiscal due to disruptions caused by the Coronavirus outbreak. An industry that is largely trade-oriented and attracts over over 5,000 exhibitors and 1,00,000 buyers at various trade fairs has witnessed a […]

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Jewellery exports in June 2019 decline by 16% YoY on slow demand from China and Gulf countries

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Gem and jewellery exports declined 16.26 per cent to $2,826 million during June 2019 from $3,375.17 million during the same month last year. Exports during the first quarter of FY20 declined by 10.38 per cent to $9.18 billion from $10.25 billion during the same period last year. Experts say that the trend seen in first quarter is […]

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Indian banks revise financing norms for gems and jewellery exporters

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Gem and jewellery exporters might see better news when the next financial year’s assessments for financing them are finalised. In the year since the Nirav Modi fraud came to light, all banks having tightened their financing to the sector. Many exporters had their lending limits cut. The Gem & Jewellery Export Promotion Council, been able to convince State Bank […]

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Indian jewellers see 10 per cent export growth in FY19 after a 5 per cent decline in FY18

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After a five per cent decline in FY18, jewellers believe there would be a 10 per cent jump in India’s gem and jewellery export for the current financial year, reports Business Standard. Gem and jewellery traders point to demand from new markets, depreciation of rupee against the dollar and increases in diamond prices as reasons for the optimism. […]

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