Author name: JNI

Global jewellery demand slipped further, contracting by 5% year-on-year (-26 koz) to reach 455 koz. European demand eased by 1% in Q3’23 as double-digit losses for bridal jewellery continued (mainly the result of fewer weddings), while the high-end brands continued to see robust gains. Contacts were certain that demand from the latter was much stronger […]

Ahead of the Union Budget- Interim for the 2024-25, Colin Shah, MD, Kama Jewelry expressed his view and expectation under the heading of Expectations from the upcoming Budget! He said, “To be vocal for local, and to facilitate; Make in India and promote, Ease of doing business, the FinMin must look into amending the present

Today, at the juncture of Union Budget –Interim for the 2024-25, the GJC is presenting their wish list! Here, it is to note that the Budget has to consider the sentiment of the Gems & Jewellery sector is to allow EMI facility!  Currently, loans for purchase of jewellery is being treated as Personal Loans, where

Recently, Suvankar Sen, Managing Director of Senco Gold and Diamonds Pvt Ltd, delved into the evolving dynamics of the Indian jewellery market, shedding light on the profound changes witnessed by the industry over the past five decades. With a history spanning more than 50 years, Senco Gold and Diamonds has been a keen observer of

Sky Gold Limited, a leading player in the industry, has unveiled its financial results for the third quarter and nine months ending December 31, 2023, showcasing substantial growth and impressive figures across key metrics. Here focus is on nine month result. Over the nine-month period ending December 31, 2023, Sky Gold Limited sustained its upward

Tremendous Opportunities in Silver, said Peter Krauth of Silver Stock Investor “I think that patience will absolutely be rewarded in this market, it’s an excellent time for people to be doing their research, to start nibbling on some of these companies.” He believes movement is coming, but said investors shouldn’t expect it to happen quickly.

According to the World Gold Council, if we analyse the gold jewellery market by weight, the importance of weddings and bridal wear is clear. India is a young country with more than half the population below the age of 25 (and 65% under 35). Although there are no official figures for the number of weddings

GJC urges that the limit of jewellery purchasing for cash of Rs. 10,000/- per day to be increased to Rs. 1,00,000/- per day. In the row GJC explained; currently, the monetary limit on revenue expenditure or purchase limit in cash is Rs. 10,000 per day. A majority of the people in Rural India prefer Gold

All India Gem & Jewellery Domestic Council (GJC), a national apex body for the gems & jewellery industry, have urged the Union Finance Minister Nirmala Sitharaman to withdraw the Basic Customs Duty on gold and also GST on the gems & jewellery industry. In the pre-budget recommendation 2024-25, the apex body has submitted an exhaustive

According to the reliable fact & figures, provisional gross export of India for old Jewellery for the period April-December 2023 totaled at US$ 7260.330 million (Rs. 60184.71 crores) shown a growth of 0.68% (4.77% Rs. term) over the comparative figure of US$ 7211.09 million (Rs. 57445.21 crores) for the previous year. Provisional gross export of