India’s polished diamond exports rose by 19.37% and gold jewellery exports (both studded and plain) were up by 8.72% during the month of October, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC). Overall exports from the gem and jewellery sector for the month rose 9.05% to US$ 3.63 billion […]

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The country’s gold imports recorded a three-fold jump to USD 15.24 billion during the April-August period of the current fiscal, commerce ministry data showed. Gold imports, which has a bearing on the country’s current account deficit (CAD), stood at USD 5.08 billion in April-August 2016-17. In August this year, imports of the precious metal rose […]

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The GJEPC has welcomed the decision of the GST Council to harmonise rates for import of rough diamonds across all HS Codes, thus reducing the GST on the industrial and unsorted diamonds category from 3% to 0.25%. This change was announced after the 21st meeting of the GST Council held on Sept 9, 2017, along […]

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