8.5 kg gold bars missing from jewellery unit

The Kilpauk police are inquiring into the “theft” of gold bars weighing 8.5 kg from a jewellery manufacturing unit. The complainant, Ukkam Raj, 44, of Rajarathinam Street, is running a jewellery manufacturing unit where 100 workers are employed. A few days ago, he had handed over gold ingots to G. Rajesh, a worker, to make … Read more 8.5 kg gold bars missing from jewellery unit

Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

There has been a sharp decline in orders from Japan and Europe this year for India’s gems and jewellery. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) says G&J net export declined 7.4 per cent to $16.8 billion in April-September, the first six months of this financial year, from $18.2 bn in the comparable period … Read more Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

There has been a sharp decline in orders from Japan and Europe this year for India’s gems and jewellery. Data compiled by the Gems and Jewellery Export Promotion Council (GJEPC) says G&J net export declined 7.4 per cent to $16.8 billion in April-September, the first six months of this financial year, from $18.2 bn in the comparable period … Read more Gems and jewellery exports down 7% in H1 of FY18 due to GST, gold policy

Jewellers say 3% GST on gold to boost industry

Jewellers welcomed the decision to fix the goods and services tax (GST) rate for gold at 3 percent and for rough diamonds at 0.25 percent, saying the move will help boost the industry. They said the government has understood the need of the bullion industry and created a special category in the GST. “We welcome … Read more Jewellers say 3% GST on gold to boost industry