Mr. Colin Shah, MD, Kama Jewelry
“The reduction of Jewellery duty from 25% to 20% is a welcome move. For a country like India who is known for its high jewellery consumption, this will definitely boost the demand in the domestic market specially in luxury. Similarly, slashing of duty on platinum finding from 25% to 5% is yet another bold move which will prove beneficial for the entire gems and jewellery industry.
One of the biggest positives of the budget was the government acknowledging the MSME sector as one of the four engines that will power India’s growth. Under this, increasing the MSME turnover limit from Rs. 250 to Rs. 500 Cr is another bold announcement which will propel the growth and strengthen the MSMEs.
The budget also provided some rejoice to the diamond sector by removing IGCR condition for import of duty free LGD (Lab Grown Diamond) seeds which will further increase the appeal of LGDs and boost its demand.
Provision of a separate HS code for platinum and gold alloys is another positive step that will prevent malpractices and ensure fair play in the industry.”
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Congratulations to Hari Krishna Group on completing 34 years of excellence, innovation, and meaningful impact. Wishing the entire team continued success and many more milestones ahead! 💐✨
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On its 34th anniversary, Hari Krishna Group hosted Master Your Health at Nehru Centre, Worli, Mumbai, where Mr. Atul Shah, Founder of Ojas Life, shared insights on holistic wellness and preventive healthcare
#harikrishnaexports #hkdiamonds #kisnadiamondjewellery #hzinternational
On its 34th anniversary, Hari Krishna Group hosted Master Your Health at Nehru Centre, Worli, Mumbai, where Mr. Atul Shah, Founder of Ojas Life, shared insights on holistic wellness and preventive healthcare
#harikrishnaexports #hkdiamonds #kisnadiamondjewellery #hzinternational
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
