CCPA to release framework on natural and lab-grown diamonds
The industry consensus emphasised the need for ethical marketing practices and consistent terminology to enhance consumer protection.
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Budget helps diamond exporters source overseas raw diamonds in India
''India is a world leader in the diamond cutting and polishing industry, which employs a large number of skilled workers,'' Union Finance Minister Nirmala Sitharaman said in her budget speech.
Plain gold jewellery exports grow 62% to $6,792 mn in FY24: GJEPC
Overall, exports of total gold jewellery (both plain and studded) for the fiscal year 2023-24 saw a growth of 16.75%.
From import duty cuts to licensing reform: What gem & jewellery sector expects from Budget 2024
The GJEPC has urged govt to cut import duty on gold, silver, and platinum bars to 4%; reduction in import duty on cut and polished diamonds to 2.5%.
Senco Gold launches India's first virtual jewellery showroom on metaverse
The virtual showroom ‘Sencoverse’ on the metaverse offers an immersive, interactive, and gamified shopping experience.
Senco Gold CEO on IPO, competition in jewellery market
"Calcutta Karigari is what we want to take forward," says Suvankar Sen.
Senco Gold’s ₹405 cr IPO to open on July 4; sets price band at ₹301-₹317
The jewellery retailer’s IPO comprises fresh issue of equity shares worth ₹270 crore and an offer for sale of shares worth ₹135 crore by an existing shareholder.
Gem & jewellery exports cross ₹30,000 crore in FY23 despite volatile global markets
Growth was seen in segments like polished lab diamonds, gold jewellery, plain gold jewellery, coloured gemstones and silver.
Why lab-grown diamonds are picking up pace
Just last week India's largest PSU bank SBI decided to formally create a policy that would allow for loans to be made to makers of lab-grown stones.
India imports more pearl than the world produces; CAG flags tax evasion risk
The value of pearls imports being much higher than the value of global production of pearls suggests trade mis-invoicing and round-tripping of funds, says CAG.
