Page 2 - Jewellery Exports
Jewellers woo global buyers with direct purchase offers as exports decline
Faced with a sharp decline in India's gems and jewellery exports during the first half of the current financial year, apex industry body the Gems and Jewellery Export Promotion Council (GJEPC), under the Ministry of Commerce, invited over 110 leading global buyers to India to enhance their trading directly with Indian polished diamond suppliers.These polished diamond importers largely from the United States (40), Russia, Turkey, China, Turkey to name a few, dealt directly with Indian suppliers, a majority of them sightholders of De Beers.. A majority of them was the first time visitors India who showed in continuous buying of polished diamond from Indian suppliers. This is the first of its kind meeting between buyers and sellers of polished diamond where overseas importers can negotiate terms of supply and price directly with Indian buyers. These buyers were earlier purchasing polished diamonds from their local suppliers. "November is the best time for conducting buyer-seller meet ..
 "Jewellers woo global buyers with direct purchase offers as exports decline")
India's gold jewellery exports to UAE decline 56% in January
FADING SIGNSIndia's gold jewellery exports ($ mn)Particulars To UAE Total to all destinations UAE's share in total (%)Jan '16 334.08 530.33 63Jan '17 148.10 397.71 37Variations (%) (-)55.67 (-)25.01 --Source : Gems and Jewellery Export Promotion Council India's gold jewellery exports to the United Arab Emirates (UAE) declined by a massive 56 per cent in January 2017 due to 5 per cent import duty levied by the local government there.Data compiled by the apex representative body - the Gems and Jewellery Export Promotion Council (GJEPC) - showed India's gold jewellery exports to the UAE at $148.1 million for January 2017 compared with $334.08 million for the corresponding month last year. The decline in exports of gold ornaments coincided with the applicability of import levy by the UAE government effective January 1.UAE, led by Dubai, is a gateway for India's jewellery exports not only to the Arabian nations but also for the European countries. As a matter of practice, Indian gold ...
 "India's gold jewellery exports to UAE decline 56% in January")