COMPULSORY REGISTRATION FOR SELLING HALLMARKED JEWELLERY

India’ s gems and jewellery export jumped by 8.9 percent in 2016-17 on recovery in demand from the United States( US ), Hong Kong and the United Arab E mira tes(UAE ), the three destinations consisting about 75 percent of our overall shipment of precious compiled by the Gems and Jewellery Export Promotion Council showed net export at $35.6 billion (~2.4 lakhcro re) for 2016-17, compared with $32.6bn(~2.1lakh crore) in2015-16.“The US economy is on a revival path, after a slow down in the past few years. Consumer sentiment is positive and buyers in the US have started coming into the market for new jewellery. But, India needs to do some promotional activities. We, however, estimate India’ s gems and jewellery export to move up by 10 percent for2017-18,”said Praveenshankar Pandya, chairmanofGJEPC.