Hallmarking for gold jewellery mandatory from January 15, 2021

ramiro-mendes-371663-unsplash.jpg

In a bid to further protect the jewellery buyers from buying inferior quality ornaments, the Narendra Modi-led NDA government has decided to make BIS hallmarking mandatory for gold jewellery from January 15, 2021. According to Union Minister of Consumer Affairs Ram Vilas Paswan, the move would ensure that the consumers don’t get cheated into buying […]

Read more

Silver expected to outperform gold in new year, price likely to rise 14%

The new Hindu calendar, Samvat 2015 has proven to be good for both gold and silver with the two precious metals giving 21.3 and 22.4 per cent returns, respectively. However, the demand for both the metals took a hit this Dhanteras and Diwali because of high prices. According to data from the Indian Bullion and Jewellers Association (IBJA), the demand, which […]

Read more

Government of India permits duty free replenishment of precious metals for Jewellery exporters

The jewellery exporters have been permitted to claim duty free replenishment of gold, silver and platinum used in the manufacture of items sold abroad, according to the notification issued by the Ministry of Commerce. The notification amending Para 4.34(i) of the Foreign Trade Policy has been welcomed by the Gem & Jewellery Export Promotion Council […]

Read more

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

ramiro-mendes-371663-unsplash.jpg

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 […]

Read more

INTERVIEW – FIEO pitches for inclusion of jewellery products in e-commerce exports list

The Federation of Indian Exports Organisation (FIEO), India’s apex export promotion body has asked for an expansion of the list of items that will enjoy export incentives through e-commerce. Considering the exponential growth potential in cross border e-commerce transaction in coming years, the association has particularly pressed for inclusion of jewellery products in the list […]

Read more