The Art of Jewellery - January 2022
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January 2022 issue Digital Access. - Magazine Details
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In this issue
Jewellery trade bodies urge FM to reduce GST rate and Import duty on gold , increase PAN card limit to Rs 5 lakh in Budget 2022 As we entered in the new year, it has hit us again with the new variant Omicron and once again has halt the industry to certain extent. However, the jewellery industry is going on and is all set to put forth their demand to the FM (Finance Minister) in the upcoming Budget 2022-2023 in terms of making the jewellery industry much better. Very recently the jewellery industry trade bodies urge FM to reduce GST rate and import duty on gold, and also increase PAN card limit to Rs 5 lakh in Budget 2022. GJC has sought to reduce the GST rate on jewellery to 1.25 per cent from 3 per cent now in the upcoming Budget. It also has urged the FM to raise the PAN card limit from Rs 2 lakh to Rs 5 lakh citing that many households in rural India do not hold PAN cards and face difficulty in arranging minimum required jewellery in times of need especially post-pandemic. On the other hand, GJEPC proposes a series of measures as part of G&J Packages for the upcoming Budget for fiscal year 2022-23.
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Jewellery Buyers Need Not Fear Price Fall In Future
Prithviraj Kothari, Managing Director of Riddhi Siddhi Bullions Limited (RSBL), a leading Indian bullion conglomerate, expressed his views on gold and silver.
Outlook on Driving Diamond Desirability with NDC CEO, David Kellie
"Our confidence in the new campaign combined with the results we've had to date means that our traffic and engagement forecasts will be 40-50 times higher than in our recent history". David Kellie, CEO, NDC
Saroja Yeramill Meet The Entrepreneur Who Raised Rs. 165 Crores In Just 3 Years!
Who said a big fat Indian wedding only require heavy jewellery? Some families prefer going for light and affordable jewellery for their special day, and thankfully, this woman has made it possible for them to pick something intricate for the best day of their life. Meet Saroja Yeramilli, the CEO of Melorra.
Working Conditions of Karigars in the Gold Jewellery Manufacturing Industry: Niti Aayog Report
A study by NITI AAYOG (2018) on gem and jewellery industry estimated that the industry may generate a whooping 10 million employment opportunities by 2022.
Malabar Gold & Diamonds launches its 1st store in Bihar with a unique virtual inauguration
Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, will inaugurate its first store in Patna in Bihar through a unique virtual store launch event on September 19, 2020.
GJEPC's flagship show IIJS takes virtual leap
IIJS Virtual, the digital edition of the GJEPC’s flagship August show is scheduled in October 2020
In the Spotlight with Veronica Favoroso CEO, GemCloud
More businesses rely on the internet to go to market, generate sales and provide customer service.
High gold price boosts opportunities for Thai silver jewellery exports
Thailand is one of the world’s leading suppliers of silver jewellery, using state-of-the-art manufacturing and deft craftsmanship.
Forevermark Presents the Tribute™ Collection
- Seasons Change. A Diamond is Forever-
Fixing uniform price for gold will be anti-competition
With appetite for the yellow metal substantially reduced because of unemployment, loss of income and financial distress, there is a sharp contraction in physical demand for gold jewellery. As a result of weak demand, even monthly gold imports into the country has dwindled to low numbers in the last six months.
