Jewellery shop looted in Govindpuri

New Delhi: A jewellery shop was allegedly looted on Friday night by unidentified men in south Delhi’s Govindpuri area, the police said. They said four men came on two motorbikes and barged into the shop. They looted silver ornaments and cash worth Rs 1.5 lakh and fled. The identity of the accused is being ascertained. … Read more Jewellery shop looted in Govindpuri

Jewellery stocks fall after import tax raise on gold

Mumbai: Shares of jewelers tumbled after finance minister Nirmala Sitharaman in the Union Budget announced its proposal to raise import tax on gold to 12.5% from 10%. Titan slid 3%, Tribhovandas Bhimji Zaveri 5%, PC Jeweller 4%, Thangamayil Jewellery Ltd fell 3%. “Today’s announced import duty hike on gold from 10% to 12.5% will negatively impact … Read more Jewellery stocks fall after import tax raise on gold

2 held for theft at jewellery store

Chandigarh: The police have arrested two persons for their alleged involvement in a theft at Reeva Jewellers in Sector 23 here. The police also recovered stolen items from their possession. The police said Anil Vishavkarma (35) and Rajiv (23), both residents of Rajpura in Patiala district, had been arrested in the case that took place … Read more 2 held for theft at jewellery store

Gems and jewellery sector seeks cut in gold import duty to 4 per cent

MUMBAI: On the onset of the Union Budget for 2019-20, the gems and jewellery sector has unanimously sought a reduction of gold import duty to 4 per cent to check to smuggle in a big way. In representation, the All India Gem and Jewellery Domestic Council (GJC) said the 10 per cent import duty on … Read more Gems and jewellery sector seeks cut in gold import duty to 4 per cent