Page 13 - Jewellery
Gems & jewellery exports likely to be lowest in six years
This year's gems and jewellery (G&J) exports from India are likely to be the lowest in six years because of weak overseas demand following a sharp cut in luxury spending by global consumers.Data compiled by Gems and Jewellery Export Promotion Council (GJEPC), the apex industry body, showed a 14.49 per cent decline between April 2015 and January 2016 to $25.95 billion from the corresponding period last year.On annualised basis, India's G&J exports are unlikely to surpass $31.14 billion in 2015-16, the lowest in five years. During 2014-15, overall G&J exports were at $36.26 billion, slightly higher than the previous year.The sharp fall in G&J exports assumes significance as this segment contributes nearly 13 per cent of total merchandised exports from India, employing around one million workers. Unrecoverable job losses are feared in India's diamond cutting and processing sector which processes 11 out of every 13 rough diamonds mined across the world."The volatility in th
 "Gems & jewellery exports likely to be lowest in six years")
Jewellers begin 3-day strike at Budget levy
The strike was to protest at the Union Budget announcement of a 1% excise duty levy on articles of gold and diamond studded jewellery
 "Jewellers begin 3-day strike at Budget levy")
Jewellery stocks: Limited impact of excise duty levy
Most will pass on levy to users; effective duty execution to create level field for unorganised players
 "Jewellery stocks: Limited impact of excise duty levy")