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Indian Jewelers Strike over New 1% Excise Duty
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...
Financial-Legal Mar 02, 2016 Rapaport News
Indian Jewelers Record Rise in Festive Season Sales
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...
Retail Nov 20, 2012 Dilipp S Nag
India Forms Committee to Tackle Undisclosed Lab Grown Diamonds
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...
Polished Markets Jul 16, 2012 Dilipp S Nag
Jewelry Sales India
High Gold Prices Hurt Consumer Demand on Akshaya Tritiya
Consumer demand for gold was tepid due to high prices on Akshaya Tritiya, one of the most auspicious days in the Hindu calendar to buy precious metal and jewelry. Sales improved by value from 2011, but...
Retail Apr 25, 2012 Dilipp S Nag
Jewelry Store Window
India Re-Considers Duty on Unbranded Jewelry
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...
Retail Mar 29, 2012 Dilipp S Nag
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