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How did we fair in 2019? It was one of the toughest years for jewellers. From the rise in gold prices to hike in import duty and a lack of demand from consumers - jewellers faced all kinds of challenges insights from Industry Experts
It's Show Time| The entire industry was left stunned as the FM announced a 2.5%
hike in gold import duty in her recent budget speech sending the industry into a shock. This increase does not bode well for jewellers as it might give rise to smuggling activities and illegal buying and selling of gold. While some of the reforms like withdrawing of monthly GST were welcomed by jewellers, it seems like the gems and
jewellery industry have their work cut out for them. On a positive note, Asia’s biggest jewellery event IIJS is due this month. The show sees enthusiastic participation from jewellers from across the globe, making India the leading destination for gems and
jewellery. The trends that emerge from the show percolate through the industry setting the tone for the upcoming wedding and festive season.