GJC will host the 9th GJS from April 4–7 in Mumbai with over 400 exhibitors, Manthan conclave, Mindspeak seminars, and Chief Guest Chandrashekhar Bawankule anchoring the opening.

Malabar Gold & Diamonds has been awarded the prestigious Responsible Jewellery House Award at the 2023-24 India Gold Conference, recognizing the company's commitment to ethical sourcing and sustainability in the jewellery industry

IFSCA Chairman urges establishment of gold refining facilities in India, emphasizing its significance as a leading global buyer of the precious metal

Finance Minister Nirmala Sitharaman will present the budget on the Parliament on February 1, 2023. With the approaching central elections, popular consensus on this year’s budget is that it would be growth-oriented, with a focus on infrastructure, inflation, manufacturing and rural economy

A reduced import duty will make gold smuggling less attractive and will eventually drive the illegal gold out of the markets.

While macro-economic policies can reduce sovereign risk, gold holdings of a country’s Central Bank have a strong impact during periods of turmoil

A centre at the Indian Institute of Management Ahmedabad (IIM-A) is conducting a nation-wide survey to finalize the list of incentives to bring into circulation a part of the 25,000 tonnes of household gold into circulation

According to sources, gold without receipt will have to be disclosed to the government and tax would be payable based on the rate set by the government

The gem and jewellery industry is already in doldrums as the domestic demand is almost wiped out due to high gold prices and back-breaking import duty of 12.50 per cent on gold, said a leading jeweller

The lack of demand in the gem & jewellery has resulted in many craftsmen and artisans being out of work and shifting to other businesses, where they are getting employment

The Council indicated that it would seek continued support from the Government for major constructive reforms on international trade policies, ease of doing business, domestic bank financing and manufacturing/technological impetus for the gem & jewellery exporters and entrepreneurs

The trade is also expecting that government will make an effort to increase banking to the gem and jewellery sector, which has been facing the brunt of the banks after the infamous Nirav Modi scam 

The Domestic Council will help create 3 million more jobs in
Gems & Jewellery sector

The Council will be inaugurated by the Honourable Union Minister Suresh Prabhu