Page 2 - Jewellery Market

Enough export orders but not enough manpower, say jewellery manufacturers

At present, an official government order allows for only 25 per cent of employees to attend work

Customers don't come to buy but to sell old stuff as jewellery stores open

Jewellery offtake down to 15-20% of May sales in the previous years

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.

Tougher norms for high-value gems and jewellery transactions on cards

Preliminary discussions have taken place, said an informed source. Aadhaar is considered better for this purpose than the idea of a PAN (income tax) number

Jewellery industry welcomes mandatory hallmarking from Jan 2021

Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present

Code of conduct soon for jewellers as sector aims to restore consumer trust

World Gold Council to initiate talks with industry bodies; move is aimed at controlling jewellers' default, building lender's confidence as well