India’s gold-jewelry exports to the US have fallen over the past decade and a half following an erosion of the Asian country’s preferential trade status, according to an industry report.Competitors in the Far East, Europe and the Middle East have captured market share from India since 2007, the.
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500+ International buyers from 56 countries participate at the first ever International Gem & Jewellery Show March 03, 21 by Press Release
(PRESS RELEASE) -
• 100 handpicked Gem & Jewellery manufacturers/exhibitors from India
Mumbai, 18th January: The Gem & Jewellery Export Promotion Council (GJEPC), in its endeavour to boost export business a
nd to revive the market sentiments post Covid , inaugurated the first ever International Gem & Jewellery Show (e-IGJS) in the presence of Chief Guest Mr. Hardeep Singh Puri, Hon ble Minister of State for Commerce and Industry, and Guest of Honour Mr. Suresh Kumar, Joint Secretary, Ministry of Commerce & Industry, along with Mr. Colin Shah, Chairman, GJEPC; Mr. Vipul Shah, Vice Chairman, GJEPC; Mr. Dilip Shah, Convener, International Exhibitions, GJEPC; Mr. Sabyasachi Ray, ED, GJEPC amongst others. The show will be held from 18th to 22nd January, 2021 virtually.
08 march 2021
22 february 2021 Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs. The Indian diamond trade has asked the Government for an amendment in taxation provisions to allow the sale of rough diamonds in the Special Notified Zone (SNZ) in Mumbai; and exemption of two-per cent equalization levy on rough diamond sales. According to industry members, miners could pay a ‘turnover tax’ not exceeding 0.16%, which is the prevailing rate in Belgium. Labourers are also demanding implementation of labour laws and Factory Acts in the diamond factories, claiming that around 10 polishers across the state had committed suicide in the last few months due to joblessness.
RAPAPORT. India has recorded its third consecutive monthly rise in polished-diamond exports, with shipments increasing 9% year on year to $1.8 billion in January. That followed gains of 42% in November and 38% in December, reflecting a release of pent-up demand ahead of the US and Chinese.