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

No liquidity crisis in any segment barring gems & jewellery sector: Satish Marathe

Barring the gems and jewellery sector, there is no liquidity crisis for any segments in the economy, Satish Marathe, the government-nominee member on the central board of the Reserve Bank, said on November 29. He also said the spike in the cost of funds is due to an increased risk perception, and not due to … Read more No liquidity crisis in any segment barring gems & jewellery sector: Satish Marathe

Luxury Apparel Sector to go Digital thanks to Immense Promise in Developing Regions

The luxury apparels sector has been one of the prime beneficiaries of the steady rise in the disposable income of consumers in emerging regions. Though consistent demand from developed, affluent regions such as North America and Europe is the key sustaining force for the global luxury apparel market, the rising demand in emerging regions could … Read more Luxury Apparel Sector to go Digital thanks to Immense Promise in Developing Regions

Note ban to benefit jewellery sector in long run: Jewellery Industry

The jewellery industry, which suffered and saw about 80 per cent drop in demand following the demonetisation, is slowly recovering, although it may take over a year for things to become normal, market experts said. “After Prime Minister Narendra Modi announced the demonetisation move on November 8, 2016, there was a liquidity squeeze in the … Read more Note ban to benefit jewellery sector in long run: Jewellery Industry