The government is looking at offerings of the gems and jewellery industry such as organizing common facility centers, and encouraging shipments through online business with a view to promote manufacturing and exports, sources said. The industry has likewise requested augmentation to the entire gems and jewellery sector, and providing level-playing field to foreign mining companies to encourage them to start sales/auction of rough diamonds at special notified zones, they said. The government has recognized champion sectors including leather, gems and jewellery, renewable energy, pharmaceuticals and textiles, to provide hand-holding for investors with an emphasis on improving India's manufacturing abilities. Federation of Indian Export Organizations (FIEO) Director General Ajay Sahai said the industry holds huge potential to boost manufacturing and exports and certain recommendations have been made to the commerce ministry to further push the growth of the sector. Read more at :
Jewellery pieces assume a significant part of a woman’s life. What's more, this wedding season, choker adornments, and Polki necklaces are stylish, says a Jewellery specialist. Here are a few hints on the most proficient method to look shocking with the correct jewelry sets Choker gems are doubtlessly stylish. Add appeal to the vibe of your wedding season with a choker piece. You can combine your choker piece with a long neckband to finish the marriage look. You can likewise modify your long neckband or Polki jewelry to coordinate the choker piece for a show-halting passage. The Polki choker is an ageless bit of gems which has an extraordinary recurrent worth. As an exemplary piece, it can be passed down to the cutting edge who are enamored with wearing such independent pieces as opposed to full sets. For more amazing and stunning-looking wedding jewellery at the best price, you can search on MJwel here or install MJwel app to contact seller directly regarding jewellery deals and offers. DOWNLOAD MJWEL APP
Consumers will have to shell out more for jewellery studded with rubies, emeralds and sapphires, as the Budget has proposed to impose a 0.5% basic customs duty on these uncut stones which at present can be imported tax-free. A 0.5% customs duty has also been introduced on rough colored gemstones, rough semi-precious stones, rough synthetic gemstones polished and rough cubic zirconia. The basic customs duty on gold coins has been increased to 12.5% from 10%, keeping it at par with the duty on imported bullion. “This is disappointing for the exporters and gemstone-cutting and polishing trade. Increase in import duty will make these stones costlier,” Gem & Jewellery Export Promotion Council (GJEPC) chairman Pramod Agarwal said.