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Wedding invites have been sent and the festival season is expected to be lively. That’s good news for India’s gold jewelers, as a reprieve in the pandemic means they can eye a recovery in their most lucrative sales period. In the final quarter, Indians usually boost their purchases of gold ornaments for marriage celebrations, while sales of coins and bars for investment surge ....
PTI | Mumbai | Published 04.07.21, 01:35 AM The Bureau of Indian Standards (BIS) website and FAQs do not capture many key points on hallmarking, discussed between the gems and jewellery industry and the government, causing confusion and disruption among jewellers, the All India Gem and Jewellery Domestic Council (GJC) said on Saturday. The industry body has written to Union minister for consumer affairs, Piyush Goyal, stating that the FAQs (frequently asked questions) released by BIS on their website have a lot of ambiguity and lack clarity, the GJC said in a statement. Advertisement The website and FAQs do not mention or capture several key points that were discussed during a meeting between the industry stakeholders and the g ....
BIS website, FAQs don't reflect key points on hallmarking: GJC to Goyal business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
RAPAPORT. The trade group that supports India’s domestic jewelry industry has asked the government and the central bank for urgent help amid the “major financial stress” resulting from the Covid-19 crisis.Companies in the sector have been forced to close and have lost out on revenue during. ....
India’s Domestic Trade Pleas for Financial Help RAPAPORT. The trade group that supports India’s domestic jewelry industry has asked the government and the central bank for urgent help amid the “major financial stress” resulting from the Covid-19 crisis. Companies in the sector have been forced to close and have lost out on revenue during the country’s latest coronavirus wave, the All India Gem and Jewellery Domestic Council (GJC) stressed last week in a letter to Finance Minister Nirmala Sitharaman and the Reserve Bank of India (RBI). While exporters have been allowed to continue operations, jewelry manufacturers, wholesalers and retailers that supply the Indian market are considered nonessential and have had to shut, the council explained. Many of them used credit to obtain merchandise for the festive and wedding season, only to find that lockdowns wiped out sales, it added. ....