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The government on Friday revoked the notification on the Gems and Jewellery sector which included jewellers under the Prevention of Money Laundering Act. Photo: PTI

UAE no more the largest buyer of Indian gems and jewellery

United Arab Emirates had replaced Hong Kong as the largest buyer in financial year 2010.

30 April 2018 6:36 AM GMT

Ancestral jewellery and gold as also that purchased from disclosed income not to be taxed.

Gems and jewellery exports dip 8 per cent in 2017-18

The country's gems and jewellery exports contracted by 8 per cent to about USD 32.72 billion in 2017-18.

29 April 2018 6:46 AM GMT

The last time exports fell was in October 2017, when they had declined by 1.12 per cent.

Exports in March dip amid trade tensions

Trade deficit widens as oil imports become costlier.

13 April 2018 7:59 PM GMT

To improve ease of doing business, a new scheme of self-assessment-based duty-free procurement of inputs required for exports has been introduced.

Exports in Feb up 4.5 pc to USD 25.8 bn; trade deficit narrows

Exports growth rate has been steadily declining since November 2017 when it touched a high of 30.5 per cent.

16 March 2018 4:51 AM GMT

India can benefit from the ongoing challenges in global trade provided it plays its cards well, Commerce and Industry Minister Suresh Prabhu on Monday said.

Banks must understand jewellery sector before funding, says Prabhu

He urged banks to have proper risk-mitigation mechanisms in place to avoid any potential frauds.

11 May 2018 1:16 PM GMT

Earlier, as part of the know your customer requirement under the Prevention of Money-Laundering Act provisions, jewellers with a turnover of Rs 2 crore per annum were mandated to collect PAN card for any purchase above Rs 50,000. (Representational image)

National domestic council to promote gems and jewellery sector

The aim of the council is to form an association at the national level.

16 Jun 2018 10:14 AM GMT

Ancestral jewellery and gold as also that purchased from disclosed income not to be taxed.

GST intelligence arm to be regulator for gems & jewellery

DGCEI detected tax evasion worth Rs 15,047 crore during financial year 2016-17.

27 Aug 2017 8:51 AM GMT

Money laundering by the medium of gold purchase/sell has seen a huge boost post demonetisation. (Photo: PTI/Representational)

Large gold jewellery retailer chains gain on note ban

World Gold Council says demonetisation will boost larger jewellery retailers' market share from 30 per cent in 2015.

24 Jan 2017 7:06 AM GMT

Representational Image

High demand to increase India's gems and jewellery export

Demand in middle east and south east Asia could see growth of USD 42 billion.

15 May 2017 9:00 AM GMT