Latest news about gems together with notable gems and jewelry, jewellery industry tendencies, new discoveries, mining, treatments, cutting, and appraising. The surging local gold value, along with manufacturers’ innovations, have inspired shoppers to favour cheaper and lighter products. Encouragingly, towards this backdrop, retailers are offering rising transparency in pricing to consumers, especially for Hard Pure gold products. Looking ahead, 57% of our survey respondents say that they’ll improve using per-gram pricing technique to offer shoppers extra readability. We imagine a transparent value presentation, cheap labour charges and designs that meet shopper style will profit both consumers and retailers.

  • If you have a cool skin tone, silver jewelry will allow you to rework into an it girl.
  • The impact of the COVID-19 pandemic and the Russia-Ukraine struggle are thought-about at a country-specific level.
  • They’ve even obtained a bit just for kids, so little ones can sparkle, too.

The Central Board of Indirect Taxes and Customs is initiating the formation of a panel to deal with the considerations raised by the gems and jewellery trade related to customs clearances. The industry has highlighted points such as the lack Jewelery News of valuers, challenges with the hand-carriage of gems and jewellery, and concerns about the Remission of Duties or Taxes on Export Products scheme. The drop in consumption of plain gold jewellery has impacted the producers of plain gold jewelry from Tamil Nadu, Kolkata and Delhi.

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