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Jewellers News

27 Sep 2018

Dubai jeweller puts gem-studded USD 17 million shoes on sale

The price of the shoes includes a lifetime warranty, which means that the leather of the footwear be replaced if it wears out.

17 Oct 2017

Jewellers see no sparkle in sales this Dhanteras

However, organised players like P C Jewellers, Kalyan, Talwar Sons and Jewellers are expecting 10-35 per cent jump in sales, thanks to the growing trust in quality and designs of products and competitive prices.

16 Oct 2017

Gold prices in India swing to premium ahead of Diwali festival

Jewellers felt the PMLA required them to keep records of customers' personal identification number or tax code for transactions above Rs 50,000 (USD 771), limiting gold sales by buyers hesitant to give the information.

17 May 2017

Three cops suspended for murder of Mathura traders

The Uttar Pradesh government on Wednesday suspended three policemen, including a station house officer, for laxity in the twin murder case of bullion traders in Mathura, an official said.

16 May 2017

Two Mathura jewellers shot dead, Agra jeweller looted

Jewellers associations have voiced deep concern after two bullion traders were shot dead in Mathura by six persons who escaped with gold worth Rs 4 crore, and another jeweller was shot at in Agra and valuables worth Rs 8 lakh looted.

24 Mar 2017

High gold prices keep demand in check, Indian jewellers stock up for festival

An uptick in prices kept a lid on demand for gold in most regions across Asia this week, while in India, an upcoming festival saw jewellers stocking up on the metal.

12 Mar 2017

Gold imports fall sharply post-demonetisation

The Centre's demonetisation drive is seemed to have a significant impact on the gold demand in the country as imports of the metal dropped sharply in December and January.

30 Jan 2017

Gold price moves higher on weaker dollar

Tracking a firming trend overseas, gold prices quoted higher by Rs 41 to Rs 28,394 per 10 grams in futures trade Monday.

21 Jan 2017

I-T pressure prompted many to opt for PMGKY post-demonetisation

The pressure built up by the income tax department post-demonetisation prompted those under scrutiny to opt for the Pradhan Mantri Garib Kalyan Yojana (PMGKY).

23 Dec 2016

Demonetisation: I-T detects Rs 47.74 cr unaccounted income of bullion traders, jewellers

The Income Tax department on Friday said it has detected undisclosed income of Rs 47.74 crore after surveys were conducted at half-a-dozen bullion traders and jewellers in the city following surge in their sales post demonetisation.

23 Dec 2016

Mandi Live : Income Tax dept raids jewellers in Delhi's Chandni Chowk and Karol Bagh area

08 Dec 2016

Note ban: I-T raids multiple locations; seizes Rs 90 crore in cash, 100 kg gold

According to media reports, the tax sleuths raided several Chennai-based jewellers and in the process recovered huge sum of black money in the form of Rs 90 crore and 100 kg of gold.

30 Nov 2016

Demonetisation: Jewellers claim 85-90% dip in domestic business, exports unaffected

Many jewellers estimate an 85-90 percent dip in business post-demonetisation -- but exports have been unaffected.

15 Nov 2016

Demonetisation: Jewellers asked to surrender CCTV footage amid huge rise in sale

Laljibhai Patel

14 Nov 2016

Did this Indian businessman just surrender Rs 6,000 crore?

Believe it or not but there are news reports circulating that an Indian businessman has surrendered a sum of, hold your breath!, Rs 6,000 crore and all in cash.

14 Nov 2016

Black money crackdown: Taxmen keep close vigil on jewellers

Intensifying the crackdown on laundering of illicit wealth, tax authorities are keeping a close vigil on jewellers to check if sales are being broken down into sub-Rs 2 lakh to avoid quoting of PAN.

03 Sep 2016

Gold tops Rs 31,000 on global cues; silver surges Rs 800/kg

Riding on firm global trends and increased buying by jewellers at domestic spot market, gold prices advanced by Rs 30 to trade at Rs 31,000 per ten grams, while silver prices soared Rs 800 to Rs 45,900 per kg at the bullion market on Saturday.

Indian gold refiners

23 Aug 2016

Gold smuggling: Government loses over $1 billion in revenue

Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.

Sovereign gold bond

16 Jul 2016

Issue price of Sovereign Gold Bond fixed at Rs 3,119 per gram

Issue price for the fourth tranche of Sovereign Gold Bond, opening July 18, has been fixed at Rs 3,119 per gram.

14 Jul 2016

Jewellers welcome govt decision on excise duty exemption limit

The government's decision to exempt small scale jewellers from excise duty will give a boost to the trade, the gems and jewellery industry said Thursday.

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