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Gems and Jewellery Industry India News & Recent Update | IBEF

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Subdued gold prices trigger brisk jewellery sales on Akshaya Tritiya Mumbai: Jewellers across India recorded significant increase in jewellery sales on the occasion of Akshaya Tritiya on March 07, 2019, driven by moderate gold prices....

Business Standard May 08, 2019

Govt plans to reduce GST rate and basic customs duty on gold New Delhi: The Government of India is planning to reduce the import duty on gold to 4 per cent from the current 10 per cent and rationalise the Goods and Services Tax (GST) of gold as part of a comprehensive gold policy....

Business Standard May 03, 2019

Ultra-rich to increase investment in gold asset class in 2019 Mumbai: Around 14 per cent of Ultra-high net worth individuals (UHNWIs) in India are expected to increase their investments in gold in 2019 supported by a positive sentiment in the market, as per a survey conducted by Knight Frank....

PTI May 03, 2019

Wedding, festivals, monsoon to drive demand for gold in Q2: WGC Mumbai: Demand for gold in India is expected to accelerate between April-June 2018, driven by traditional wedding season buying, the festival of Akshay Tritiya and increasing crop prices, according to the World gold Council (WGC)....

Livemint May 02, 2019

Renaissance to double sales by 2021 as it enters new markets Mumbai: The largest diamond jewellery exporter Renaissance Jewellery is targeting to double its revenue to Rs 3,600 crore (US$ 522.80 million) and enter into new markets by 2021....

PTI March 20, 2019
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