IBJA times - June - July 2019

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IBJA brings on to its board the new president Prithviraj Kothari and before I start, my hearty congratulations to the new IBJA committee members. IBJA, which has made its presence stronger in the jewellery industry in nine decades and with strong leaders at the wheel, the association has set an example many.

The industry is going through a rough patch with increase customs duty on gold and other precious metals from 10% to 12.5%. Gold imports holds a very vital place in the Indian economy and the recent development with regard to import duty has burdened the industry. 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.

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.

Besides the special features and reports, this edition will not take away the regular columns on trends, designs and much more. Don’t miss it. Read on…

Have a joyful reading!