JewelBuzz - Volume 4 Issue 2
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In this issue
The dark clouds started hovering the Indian jewellery industry with finance minister Nirmala Sithraman proposing to increase customs duty on gold and other precious metals from 10% to 12.5%. This was the time when the industry was demanding to reduce the gold import duty. Gold imports play a very vital role in the Indian economy, but the latest proposal just gusted it all. Our jeweller’s disappointment over the proposal stands right as, at the time when the industry is going through a lull phase, a positive announcement would have encouraged the sector. Our cover story will give you a detail report and industry reactions. GJEPC’s India Silver & Fashion Jewellery buyer-seller meet concluded on a very high note with buyers from 39 Nations making their strong presence. The objective was to meet the current business needs of Silver Jewellery industry. Our special report will give you an insight into the meet. Read on... Indian jewellery and its designs are commendable and its worth has been recognised globally. At a recent auction, our jewellery breaks a record by fetching a whopping price of $109.3 million. Must say it is an achievement for the country and the jewellery industry. The excitement does not end here, much more with dual tone watches making a trend, stunning jewellery gallery and more. Happy Reding!
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