×
467
Fashion Jobs
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
ZYDUS WELLNESS
Zydus Wellness - Factory Manager - Sikkim Plant
Permanent · Atlanta
ANUSHÉ PIRANI
Social Media & Fashion Communications
Permanent · MUMBAI
HARSH CLEAN DHAN PVT. LTD
Area Sales Manager (Modern Trade Sales) For North East
Permanent · Guwahati
RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
Published
Dec 13, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

US tax reforms give Indian diamond exporters new hope

Published
Dec 13, 2017

The Gem and Jewellery Export Promotion Council has partnered with the Diamond Producers Association for a global campaign to increase diamond purchasing and, following the recent US tax reforms, exporters eye increased business.

The Gem and Jewellery Export Promotion Council eyes increased diamond exports - Hazoorilal- Facebook


America has just introduced a new tax bill that, for some, will reduce tax rates in several areas. Diamond exporters are hoping that this will lead to an increase in Americans’ disposable income and that this could result in more diamond purchases and increased exports from India. “We are expecting that the $1.5-trillion tax bill of [President] Trump will boost the US economy and increase the purchasing power of Americans,” said Praveen Shankar Pandya, the Chairman of the Gem and Jewellery Export Promotion Council. “This will help Indian diamond exports to the US, the biggest market for us. We expect 2018-19 to be a better year for us,” Pandya explained.

It is expected that diamond demand will also increase for the Christmas and New Year holiday season and this could help to reverse the drop in fine jewellery exports that plagued the first seven months of the current financial year. In the first seven months of the financial year 2018, gem and jewellery exports fell by 13.18 percent in rupee terms but polished and cut diamond exports rose by seven percent. In order to increase exports, the Gem and Jewellery Export Promotion Council has partnered with the Diamond Producers Association, which is made up of large diamond miners, and they will be rolling out an international campaign to promote diamond jewellery buying.

Meetings are currently underway between Indian exporters and diamond miners to discuss rates and trends for the financial year 2019. “Pricing of rough diamonds depends on many things. We have asked them to consider stability in prices in FY19. However, it all depends on supply-demand scenario,” said Pandya. Miners involved in the meetings included De Beers, Rio Tinto, and Alrosa. 

Copyright © 2021 FashionNetwork.com All rights reserved.