Gold jewellery exports up 23.64 percent in 2008-09

October 6th, 2009 SRINAGAR - People in Srinagar are buying artificial jewellery instead of gold jewellery as it gives them more variety and is cheaper. "The big sets that you buy you just dump the things in the lockers.

September 10th, 2009 KOCHI - With gold prices soaring across the country, bullion merchants, jewellers and even customers are a worried lot in Kerala. The disappointment looms large particularly in the context of the ensuing festival season.

August 11th, 2009 AMRITSAR - Punjab has traditionally been a paradise for those who love traditional jewellery, gold, platinum and silver items studded with precious stones. However, Amritsar city, known for its Golden Temple, also produces a fascinating variety of traditional and latest designs in studded jewellery.

August 7th, 2009 SILIGURI - Forget gold, wear imitation nick-knacks to look trendy and beat the recession. This is the latest mantra of ladies in West Bengal's Siliguri district, where non-gold and imitation jewelleries are fast disappearing from the shelves of an exhibition.

July 27th, 2009 NEW DELHI - Despite India's overall exports growth dipping considerably, exports from its special economic zones (SEZs) grew 50 percent during 2008-09, the government said Monday. "The value of exports made from SEZs during 2008-09 was Rs.99,689 crore against Rs.66,638 crore in the previous year, an increase over 50 percent," said Minister of State for Commerce and Industry Jyotiraditya M.

July 2nd, 2009 NEW DELHI - The Economic Survey tabled in parliament Thursday has sought the integration of diamond processing sector with jewellery manufacturing so as to boost exports. "Forward integration of the diamond processing sector to jewellery manufacturing, where the value addition achieved is the highest, will help in boosting the export performance once the existing economic downturn passes by, the survey said.

June 4th, 2009 NEW DELHI - Models walking the ramp in exquisitely designed necklaces, inspired from tribal culture, formed part of the jewellery show that left the fashion lovers enchanted here last evening. 'Adi-Kriti', the collection of gold jewellery, captured the essence of the age-old tribal culture of the eight northeastern states.

April 27th, 2009 THIRUVANANTHAPURAM - People began buying gold jewellery from Monday morning here on the occasion of Akshaya Tritiya, considered an auspicious day in the Hindu calendar for buying long-term assets like gold, silver and real estate. 'Gold is the ultimate symbol of wealth and prosperity.

April 5th, 2009 NEW DELHI - Amid falling overseas demand, India's export sector is likely to post negative or flat growth in the current fiscal, said an industry lobby Sunday. According to a survey conducted by the Federation of Indian Chamber of Commerce and Industry (FICCI), about 61 percent exporters feel the export sector would not pick up in 2009-10 as the world economy continues to deteriorate.

March 19th, 2009 CHENNAI - Gold has lost much of its glitter to diamond. Though considered auspicious for a family, gold prices have shot through the roof.

March 15th, 2009 MUMBAI - India's gems and jewellery exports declined 34.57 percent in February owing to the sharp depreciation of the rupee and slower demand, according to data released Saturday. The Gems and Jewellery Export Promotion Council (GJEPC) said gems and jewellery exports fell 34.57 percent to $1.22 billion (Rs.5.91 billion) last month from $1.86 billion in the same period last year.

February 27th, 2009 NEW DELHI - India is expected to miss the export target of $200 billion this fiscal due to the global meltdown, Commerce Minister Kamal Nath said Friday, but hoped this figure will be achieved next year as he unveiled some new measures to help the exporting community. The minister hoped the country would log merchandise exports of at least $175 billion during the current fiscal, as he reviewed the country's long-term foreign trade policy.

February 17th, 2009 CHENNAI/NEW DELHI - The price of gold continued to surge in India, the largest market for the yellow metal in the world, triggered by a virtual halt in imports as also on the back of global cues, with traders finding it a much better avenue for investment than corporate or government paper. Analysts said Wednesday they expected the uptrend to continue in the short-to-medium term, following demand from some unexpected quarters like investors in bond and equity markets, even though the sale of gold jewellery has fallen.

January 22nd, 2009 PANCHKULA - Four people drugged two employees of a Punjab-based jeweller here and looted jewellery worth Rs.3 million from them, a police officer said Friday. The employees of P.S.

December 25th, 2008 SURAT - More than 100,000 people have been laid off in recent months by the gems and jewellery industry in India because of the global slowdown in demand and lack of adequate credit, an industry leader said in this hub for the sector in Gujarat. 'This is for the first time in four decades that the diamond industry is facing such a severe liquidity crunch,' said Mehul Choksi, director of the leading gems and jewellery manufacturer and exporter Gitanjali Group.