Edi­to­rial

Solitaire - - CONTENTS -

IIJS 2017 drew praise from all quar­ters as busi­ness ex­ceeded pre-show ex­pec­ta­tions. Gold jew­ellery par­tic­i­pants did roar­ing busi­ness, with many re­port­ing that they had sold out their stock on the first cou­ple of days. Di­a­mond jew­ellery man­u­fac­tur­ers, too, fared well across the light­weight and bri­dal cat­e­gories. De­mand for loose di­a­monds and gem­stones also picked up at the fair.

There were ap­pre­hen­sions that the re­cently in­tro­duced GST would be a damp­ener. How­ever, th­ese fears re­mained un­founded, as buy­ers and sell­ers told Soli­taire that GST has opened up new op­por­tu­ni­ties to do in­ter­state busi­ness with­out in­cur­ring additional tax. In In­dus­try In­sight, Dr. Suresh Su­rana rightly pre­dicts that GST will re­de­fine the jew­ellery busi­ness due to greater trans­parency and a new tax struc­ture.

De­signer light­weight jew­ellery for work and travel wear is pop­u­lar across all ages for its af­ford­abil­ity and ver­sa­til­ity. De­mand has gone up by 20% in the past twelve months and is ex­pected to con­tinue grow­ing with self­pur­chases and gift­ing on the rise. Read more about this promis­ing jew­ellery cat­e­gory in In Fo­cus.

Small scale jew­ellery man­u­fac­tur­ers in and around Palan­pur, the birth­place of In­dia’s first dia­man­taires, will ben­e­fit from the Com­mon Fa­cil­ity Cen­tre that was re­cently opened in the city by the GJEPC. The Coun­cil has plans to open two more sim­i­lar fa­cil­i­ties in Am­reli and Ahmed­abad.

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