India’s gold demand bouncing back to pre-COVID levels; Sept ’21 demand rises 47% to 139 tonnes: WGC

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India’s gold demand has seen a 47 per cent year-on-year jump in the July-September quarter to 139.1 tonnes, following strong rebound in economic activity and recovering consumer demand, the World Gold Council said in a report. According to the World Gold Council (WGC), gold demand in India is bouncing back to pre-COVID levels and going […]

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India’s Tamil Nadu state launches scheme to melt temple jewellery

Tamil Nadu Chief Minister M K Stalin has started preliminary work to melt the unutilised jewellery in possession of the temples in the state into 24 carat gold bars, reports Press Trust of India. Initially, the gold ornaments lying unutilised at the three renowned temples of Sri Karumariamman temple in Tiruverkadu, Sri Mariamman temple in Samayapuram and […]

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GJEPC sets up $ 44 billion exports target for gold, gems and jewellery in 2021-22; FIEO to support startups and artisans

The Gems and Jewellery Export Promotion Council (GJEPC) said it has set up an ambitious target of raising exports of the sector to $ 44 billion in 2021-22. Colin Shah, chairman, GJEPC, said the sector will work to play a positive role in achieving the USD 400 billion target. “There is an increasing recovery firming […]

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Zaveri Bazaar may lose primacy to proposed hi-tech jewellery park in Navi Mumbai

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Recent reports about Mumbai’s gold hub at Zaveri Bazaar shifting to New Mumbai is nothing new. Plans to shift the congested gold market in south Mumbai have been afoot for three years when Maharashtra state government signed an agreement with Gems and Jewellery Export Promotion Council (GJEPC) at the Magnetic Maharashtra 2018 conclave during the […]

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Maharashtra exempts gems, jewellery manufacturing activities from Covid-19 emergency measures: GJEPC

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The Gem and Jewellery Export Promotion Council (GJEPC) said the Maharashtra government has allowed export operations to resume with restrictions in number of people working in the manufacturing units during the ongoing night curfew and weekend lockdowns to curtail the coronavirus spread. In a virtual meeting with the gems and jewellery manufacturers and exporters on […]

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Maharashtra jewellers ask Chief Minister to allow them to avail of festivals in April despite lockdown

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The national body of the gems and jewellery industry All India Gem and Jewellery Domestic Council (GJC) has written to the Chief Minister of Maharashtra Uddhav Thackeray to allow jewellers to operate on the festive days in the month of April and the upcoming wedding season despite the lockdown. There are several auspicious occasions such as Gudi […]

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