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Author
He has been a journalist since the mid-1980s, and has spent close to two decades tracking the gem and jewellery industry while holding different editorial positions in industry specific publications and websites
Continued political uncertainty could drive gold prices higher still. The dual demand-supply squeeze would definitely put the jewellery industry in a bind
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The jewellery industry in India has been on the cusp of a big watershed moment for some time now. It appears that the Covid-19 pandemic and its effects have put what was till now a start-stop movement on somewhat of a fast track, while the duty changes announced in Budget 2021 have added further momentum!
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The gem and jewellery industry is confident that 2021 will be different, and believes it could be a transition year, helping the industry stabilise across both domestic and export markets
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The final set of recommendations concern the imitation jewellery segment, which currently has only a small presence in exports, but has huge potential, and could become a major employment generator.
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By accepting the Lahiri Sub-Committee recommendations, the government has brought to an end the high-decibel debate related to the levy of excise on the jewellery industry. Does this also amount to indirect acknowledgement of the need for sector-specific policy prescriptions as well?
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There is neither any mechanism nor any centralised agency to manage the prices of gold and silver in an immediate sense. Constraints on the supply side and growing demand from investors seeking a safe haven in the current uncertain environment will ensure no major dips in the latter half of the year
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Gold prices have continued to strengthen this year, rising by nearly 20 per cent as the first half of 2016 draws to a close, driven largely by jittery investors seeking safe havens in turbulent global markets
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The number 1 advertising slogan of the last century, the iconic 'A Diamond is Forever', will henceforth no longer be the vanguard message of the diamond industry as the Diamond Producers Association unveils a new platform to redefine diamonds for the millennial generation
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Luxury conglomerates with operations in multiple sectors of the luxury goods are at the top with a 32 per cent share in total sales, and average sales of $6.5 billion
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Barring a few bold steps that remain hampered by obvious lacunae, the NDA government has failed to match the high expectations of the gem and jewellery trade during its two years in office, and a sense of uneasiness prevails across most segments of the industry.
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