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Persistent gold buying by local jewellers at domestic spot market stoked uptrend. (Photo: PTI)

Bank finance to gems, jewellery sector down 10 per cent

The industry is witnessing a crisis of sorts as the banks have curtailed lending to the traders.

24 July 2018 1:56 PM IST

The import of rough diamonds falls 40 per cent in dollar and 37 per cent in quantity terms in January.

Medallion, coin exports jump over 1250 per cent

January exports of gold medallions & coins stood at Rs 1,856.04 cr Vs Rs 136.81 cr in the year-ago month.

6 March 2019 1:11 AM IST

As circular trading was becoming rampant in the import of cut and polished diamonds, the government increased duties twice last year to check this.

Jobs hit as diamond industry cuts output

According to him, multiple issues are affecting the industry. Companies have been facing working capital crunch due to...

15 July 2019 7:55 AM IST

The commerce ministry has circulated a draft cabinet note seeking views of different departments on the proposed industrial policy that aims to promote emerging sectors, Union minister Suresh Prabhu said.

Prabhu to discuss credit woes of jewellery sector with bankers

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

10 May 2018 3:52 PM IST

Gold bars worth Rs 1.67 crore

Gold jewellery exports up 220 pc, gold bar imports leap by 302 pc

Gold imports in July surged 450 per cent to Rs 5,246.54 crore against Rs 954.07 crore in July 2017.

23 Aug 2018 9:22 AM IST

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 2:30 PM IST

At the Multi Commodity Exchange, gold for delivery in far-month April rose by Rs 28, or 0.10 per cent, to Rs 27,920 per 10 grams in a business turnover of one lot.

Exports of gems and jewellery up 9.5 pc in Apr-Jan

In April-January period of the previous fiscal, exports from the sector stood at USD 26.5 billion.

4 April 2017 2:17 PM IST