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Indian Jewelers Strike over New 1% Excise Duty
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Jewelry shops in India threatened to down shutters forthree days starting March 2 to protest Prime Minister Narendra Modi’s plans toimpose a 1-percent excise duty, Bloomberg reported, citing the All India Gems& Jewellery Trade Federation...
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Financial-Legal
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Mar 02, 2016
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Rapaport News
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Indian Jewelers Record Rise in Festive Season Sales
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Indian jewelry retailers experienced an increase in festive season sales leading up to Diwali and they expect this trend to continue due to the ongoing wedding season. Dhanteras, an auspicious day for gold purchases in India, fell on November...
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Retail
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Nov 20, 2012
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Dilipp S Nag
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India Forms Committee to Tackle Undisclosed Lab Grown Diamonds
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India’s various gems and jewelry industry associations have formed a committee to tackle the issue of undisclosed lab-grown diamonds. The committee members are from the Gem & Jewellery Export Promotion Council (GJEPC), the All India Gems and Jewellery Trade Federation (GJF), the Bharat...
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Polished Markets
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Jul 16, 2012
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Dilipp S Nag
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Retail
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Apr 25, 2012
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Dilipp S Nag
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India Re-Considers Duty on Unbranded Jewelry
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India's Finance Minister, Pranab Mukherjee, is re-considering his budget proposal to tax unbranded jewelry following major protests by local jewelers across the country. He is also examining the issue of making PAN card declaration mandatory for...
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Retail
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Mar 29, 2012
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Dilipp S Nag
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