gem and jewellery

Union Budget 2023: Gem, jewellery industry seeks abolition of import duty on raw material for lab-grown diamonds

Seeking a kind of "diamond package" in the forthcoming Budget, the Gem and jewellery industry said in light of the high inflation and economic crisis in the US and Europe and frequent lockdowns in China, the exports of diamonds and jobs in Surat have been impacted. 

Jan 09, 2023, 16:22 PM IST

Jewellery industry seeks 1.25% GST rate for local transactions

The gem and jewellery industry has sought GST of 1.25 percent from the government for the sector besides zero duty on rough diamond imports, cut and polished diamonds exports and coloured gemstones.

Oct 19, 2016, 20:34 PM IST