Page 2 - Jewellery Export

Reforms in jewellery sector to help achieve $ 43.75 bn export target: Patel

Introduction of reforms for the gems and jewellery industry would help push its growth rate and achieve $43.75 billion exports target for this fiscal year, Union Minister Anupriya Patel said.

Gems, jewellery exports decline 25.71% in fiscal year 2021: GJEPC

The overall gems and jewellery exports declined by 25.71 per cent to Rs 1,85,952.34 crore during 2020-21

GJEPC to host industry's first virtual buyer-seller meet on Aug 27-28

The Gem and Jewellery Export Promotion Council of India (GJEPC) on Wednesday said it will host the industry's first virtual buyer-seller meet (VBSM) on August 27 and 28 amid the Covid-19 pandemic.

Jewellery business stares at prolonged slowdown, exports down by 9.17%

Cut and polished diamond exports fell 5.67 per cent in January 2020 to $1.65 billion. In the first 10 months of this fiscal year, it was down 16.8 per cent to $16.32 billion.

Govt aiming to take jewellery exports to $80 bn from $40 bn in 5 years

The Centre also expects the jewellery industry to generate additional employment of 2 million, Rupa Dutta, Economic Advisor, Ministry of Commerce, said

Jewellery exports fall 4.74% in Nov, polished diamonds down 25.5%

Led by a steep 25.5 percent fall in cut and polished diamonds exports, the overall gems & jewellery exports fell 4.74 percent to Rs 18,136.2 crore in November year-on-year due to poor consumer sentiment in the key export markets. In November 2018, the overall gems & jewellery exports stood at Rs 19,039.10 crore, according to data given by the Gems & Jewellery Export Promotion Council (GJEPC). Overall exports declined by 4.85 percent to Rs 1,76,540.39 crore between April and November 2019 from Rs 1,85,543.57 crore a year ago. The decline is mainly due to poor consumer confidence in the export markets, GJEPC said in a statement on Tuesday. Cut and polished diamonds exports declined 25.49 percent to Rs 8,341.88 crore from Rs 11,195.52 crore in November 2018. The shipments of Cut and polished diamonds in the April-November period also dipped 18.21 percent to Rs 94,274.13 crore. However, gold jewellery exports went up 21.33 percent to Rs 7,893.89 crore. Gold ...

Jewellery exports dip 5.4% in Oct over trade war, Hong Kong protests

The exports stood at Rs 26,010.87 crore in October 2018, according to data given by the Gems and Jewellery Export Promotion Council (GJEPC)

India hopes to tap $1-billion of jewellery export opportunity to US

US buyers are looking at India favourable as India already exports $10 billion worth jewellery there

Jewellers return to unorganised sector, hurt by high taxes on imported gold

Jewellers see better business sense in the grey market

Soon, govt may re-introduce credit insurance scheme for jewellery exporters

Since the $2-billion Punjab National Bank scam was discovered last year, the entire gems and jewellery sector has faced a massive liquidity crunch, as banks have put it on a negative list

Jewellery exporters may be covered under credit insurance benefit

P N Prasad, deputy managing director of SBI, said that ECG insurance would be re-started in a month

Huge relief for exporters as govt exempts exhibition jewellery from 3% IGST

About 25% of the country's annual gems and jewellery exports which come back unsold would benefit from this IGST exemption

Gems, jewellery exports decline 0.75% to $13.18 billion in April-August

According to industry experts, exporters are optimistic that with the festive season on the anvil, things would start improving