The commerce minister also stated that a trade deal with Qatar could be finalised by mid next year or the third quarter of 2026
Economists point out that since the additional penalty of 25 percent was imposed by the US from August 27, the impact of tariffs will be more pronounced in the trade figures for September.
The EU, on the other hand, is seeking concessions for flagship exports such as wine and automobiles through the free trade agreement with India.
Facing steep 50% US tariffs, India’s gems and jewellery exporters turn to strong festive demand and tax relief at home to soften the blow. However, support from the government remains key to tide over short-term challenges
The company is seeing demand traction on the back of stability in gold prices as well as the ongoing festive season
India sells nearly $10 billion worth of gems and jewellery to the US annually
In the short-term mitigating the impact of higher US tariffs may be difficult
Titan flagged that the consumer group that preferred jewellery below the Rs 50,000 mark remained on the sidelines in the fourth quarter.
Policy uncertainty will remain elevated and enterprises are likely to delay discretionary spending till clarity emerges
As demand for lab-grown diamonds continues to rise, these startups have raised $14 million in 2025 so far, a significant 56 percent increase from the $9 million raised in the whole of 2024, as per Tracxn.
Minister Patil urged industrialists to explore opportunities in jewellery export and invest in Karnataka, highlighting the state’s edge in infrastructure and skilled workforce.
Chinese scientists create artificial diamond with hexagonal structure, harder and more heat-resistant than natural diamonds, paving the way for industrial applications and potential use in jewellery.
With a sound knowledge of LGD manufacturing and a strong balance sheet, GIL has competitive edge and would be able to make a strong presence in the Indian market.
Following the customs duty cut introduced in the previous budget, industry players are urging a revision of the current GST rates and enhanced gold monetisation measures to mobilise idle gold and reduce reliance on imports.
'As a promoter and executive director, I believe, the only thing we can do is focus on the fundamentals of our business'
Cut and polished diamonds export in November declined 39.81 per cent to USD 666.01 million compared to USD 1,106.53 million for the same period last year.
Layering jewellery lets you mix and match different pieces to create a look that’s uniquely yours. You can pair delicate pieces for a soft, elegant style or go bold with statement pieces for a more dramatic effect. Here’s how you can dress up for the festive season and add sparkle and glamour to your outfits.
Jewelry is an integral part of traditional festivals. Add Polki jewellery to your festive and semi-formal outfits and amp up your style while you also keep yourself connected to the rich traditions that Navratri celebrates. Here are some tips that will help you to dazzle during this nine-day dandia festivities.
In the Indian market, gold recently traded at a peak of Rs 77,440 per 10 grams, while in the US, Comex gold hit a high of $2,694.90 per ounce on Wednesday night
Higher demand in the world's second-largest gold consumer could support a rally in global prices, which hit a record high last week. But higher demand for gold imports could increase India's trade deficit and weigh on the rupee
Titan's standalone revenue from operations rose 10 percent to Rs 11,105 crore in Q1FY25 as compared to Rs 10,103 crore in Q1FY24.
Finance Minister Nirmala Sitharaman announced today that she had slashed the basic customs duty on gold to six percent from 15 percent in her budget 2024 announcement. The reduction in customs duty will be effective July 24, 2024.
Sonakshi's decision to wear Tyaani's jewelry also highlights the growing trend of Bollywood celebrities endorsing and sporting designer brands for their special occasions. She tied the knot with Zaheer Iqbal.
Cherish told the police that she came in touch with the jeweller Gaurav Soni through Instagram in 2022 and bought ornaments allegedly worth Rs 6 crore which she has been paying in installments over the last two years.
Actor Ranbir Kapoor recently attended the opening of a new jewellery store in Mumbai, an event that unexpectedly went viral on social media with a video capturing a ruckus among the paparazzi.