“As the Union Budget approaches amid a challenging global macro-economic environment, currency volatility and higher working capital requirements.
Gold prices have hit an all-time high driven by global safe-haven demand and a weaker rupee, while the government remains keen to monetize India’s large idle gold stock to curb imports.
The industry bodies are seeking clear and well-defined regulation of digital gold that will also enhance consumer protection and support greater formalisation of the market. The demand for natural diamonds continues to grow steadily, driven by their rarity.
We welcome the BIS move to clearly differentiate natural diamonds from lab-grown diamonds, as it brings much-needed clarity and protects consumer interest. Consistent and forward-looking policies will help strengthen the sector and reinforce India’s position in the global gems and jewellery value chain.”
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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.
