Bright future for gems and jewellery trade in India

Pearls and Jewelry Export Promotion Council (GJEPC) authorities said with China forcing the public secuirty law on Hong Kong, the USA has given sign of raising obligation on products from that point to 7.5 percent from 3.3 percent. Without going into the subtleties of the US move, I feel it will conceivably make open doors for India in pearls and adornments exchange,” GJEPC administrator Colin Shah told.

KOLKATA: With the USA disavowing the particular exchange status of Hong Kong prior this month, India sees more promising time to come for its pearls and gems sends out, a senior adornments trade committee official said on Friday.
Diamonds and Jewelry Export Promotion Council (GJEPC) authorities said with China forcing the public secuirty law on Hong Kong, the USA has given sign of raising obligation on products from that point to 7.5 percent from 3.3 percent.
Hong Kong and China are the fourth largest destinations for importing gems and jewellery after India, France and Italy.