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Indian textiles, Jewellery At Risk Of 50% Trump Tariffs
US President Donald Trump imposed an additional 25% tariff on goods imported from India this week, citing New Delhi's continued purchase of Russian oil.
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Leather, Gems, Jewellery Among Key Sectors Hit Hard By 50% US Tariff
Domestic export sectors such as leather, chemicals, footwear, gems and jewellery, textiles and shrimp will be severely impacted by the imposition of the 50 per cent tariff by the US, say industry experts.
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US Tariffs To Have Minimal Effect On India's GDP, Exports: Study
The 25 per cent tariffs on Indian goods announced by US President Donald Trump will have "negligible" impact on the country's GDP as only USD 8.1 billion of exports to America might get affected, according to a PHDCCI study released on Wednesday.
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How Trump's 26% Reciprocal Tariffs Will Impact Indian Exports
A flat 26% tariff was imposed on all goods being exported by India to the United States, amidst reciprocal tariffs in the range of 10 per cent to 49 per cent unveiled by Trump for other countries.
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"Gem And Jewellery Industry Must Embrace Change": Gautam Adani
Adani Group Chairman Gautam Adani has exhorted the gems and jewellery sector to focus on both technology and sustainability, which are the foundation for the future of the industry in the country.
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Opinion: Kashmiri Sapphires Set To Dazzle The World Again
A decade after a 19.88-carat Kashmir sapphire shattered auction records in Geneva, the potential return of the priceless gems from the strife-torn region to global markets is on the horizon.
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Nirav Modi's Assets Worth Rs 250 Crore Seized By Enforcement Directorate
The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of companies linked to fugitive diamond merchant Nirav Modi as part of a money laundering probe.
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UAE Key Export Market For Indian Gems, Jewellery, Exports Account For 15%
The UAE is an important export market for Indian gems and jewellery, accounting for around 15 per cent or USD 5.8 billion in FY 2021-22, according to a top official of an industry body.
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Hyderabad-Based Jewellery Firm Promoter Arrested In Bank Loan Fraud Case
The Enforcement Directorate said it has arrested a managing partner of a Hyderabad-based gems and jewellery firm in a money laundering case linked to an alleged bank loan fraud of Rs 67 crore.
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Indian Princes' Diamond And Marilyn Monroe's "Best Friend" On Auction
After a few owners, the stone was acquired by Meyer Rosenbaum in the 1950s, president of Meyer Jewellery Company, in Michigan. It was during Rosenbaum's ownership that it received most publicity. It was at this time where the gem came to be associated with Marilyn Monroe.
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Assets Worth 218 Crore Of Mehul Choksi, Other Accused In PNB Fraud Seized
Assets worth over Rs 218 crore have been attached by the Enforcement Directorate (ED) today in the Rs 13,000-crore Punjab National Bank (PNB) fraud, officials said. The assets belongto fugitive diamantaire Mehul Choksi, Mihir Bhansali, a close aide and US-based executive of main accused in the case Nirav Modi, and a company named AP Gems and Jewell...
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Rupee Sheds To 64.96 Against US Dollar
Data released on Thursday showed exports grew by 4.5 per cent in February, the lowest expansion in the last four months, to $25.8 billion as shipments of engineering, textiles and gems and jewellery declined.
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Ghosts Of Frauds Past Haunt Indian Jewellers As Banks Raise Alarm
In his 50 years as a jeweler, Pankaj Parekh has seen a few scams shake the credibility of India's $60 billion gem and jewelry industry. The latest multibillion-dollar fraud will give banks the impetus to rein in credit for around 300,000 of his peers, he says.
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Nirav Modi's 9 Luxury Cars Seized, Rolls Royce, Porsche Among Them
A fleet of luxury cars including a Rolls Royce Ghost, two Mercedes Benz GL class, one Porsche Panamera, three high end Honda cars and one Toyota Fortuner belonging to Nirav Modi and his group of companies have been seized by the Enforcement Directorate on Thursday.
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In Nirav Modi Raids, Jewellery And Gold Worth Rs 5,100 Crore Seized
The Enforcement Directorate (ED) today conducted searches at several properties linked to billionaire jewellery designer Nirav Modi in Mumbai, Delhi and Gujarat, and seized diamonds, jewellery and gold worth Rs 5,100 crore.
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Indian textiles, Jewellery At Risk Of 50% Trump Tariffs
US President Donald Trump imposed an additional 25% tariff on goods imported from India this week, citing New Delhi's continued purchase of Russian oil.
-
Leather, Gems, Jewellery Among Key Sectors Hit Hard By 50% US Tariff
Domestic export sectors such as leather, chemicals, footwear, gems and jewellery, textiles and shrimp will be severely impacted by the imposition of the 50 per cent tariff by the US, say industry experts.
-
US Tariffs To Have Minimal Effect On India's GDP, Exports: Study
The 25 per cent tariffs on Indian goods announced by US President Donald Trump will have "negligible" impact on the country's GDP as only USD 8.1 billion of exports to America might get affected, according to a PHDCCI study released on Wednesday.
-
How Trump's 26% Reciprocal Tariffs Will Impact Indian Exports
A flat 26% tariff was imposed on all goods being exported by India to the United States, amidst reciprocal tariffs in the range of 10 per cent to 49 per cent unveiled by Trump for other countries.
-
"Gem And Jewellery Industry Must Embrace Change": Gautam Adani
Adani Group Chairman Gautam Adani has exhorted the gems and jewellery sector to focus on both technology and sustainability, which are the foundation for the future of the industry in the country.
-
Opinion: Kashmiri Sapphires Set To Dazzle The World Again
A decade after a 19.88-carat Kashmir sapphire shattered auction records in Geneva, the potential return of the priceless gems from the strife-torn region to global markets is on the horizon.
-
Nirav Modi's Assets Worth Rs 250 Crore Seized By Enforcement Directorate
The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of companies linked to fugitive diamond merchant Nirav Modi as part of a money laundering probe.
-
UAE Key Export Market For Indian Gems, Jewellery, Exports Account For 15%
The UAE is an important export market for Indian gems and jewellery, accounting for around 15 per cent or USD 5.8 billion in FY 2021-22, according to a top official of an industry body.
-
Hyderabad-Based Jewellery Firm Promoter Arrested In Bank Loan Fraud Case
The Enforcement Directorate said it has arrested a managing partner of a Hyderabad-based gems and jewellery firm in a money laundering case linked to an alleged bank loan fraud of Rs 67 crore.
-
Indian Princes' Diamond And Marilyn Monroe's "Best Friend" On Auction
After a few owners, the stone was acquired by Meyer Rosenbaum in the 1950s, president of Meyer Jewellery Company, in Michigan. It was during Rosenbaum's ownership that it received most publicity. It was at this time where the gem came to be associated with Marilyn Monroe.
-
Assets Worth 218 Crore Of Mehul Choksi, Other Accused In PNB Fraud Seized
Assets worth over Rs 218 crore have been attached by the Enforcement Directorate (ED) today in the Rs 13,000-crore Punjab National Bank (PNB) fraud, officials said. The assets belongto fugitive diamantaire Mehul Choksi, Mihir Bhansali, a close aide and US-based executive of main accused in the case Nirav Modi, and a company named AP Gems and Jewell...
-
Rupee Sheds To 64.96 Against US Dollar
Data released on Thursday showed exports grew by 4.5 per cent in February, the lowest expansion in the last four months, to $25.8 billion as shipments of engineering, textiles and gems and jewellery declined.
-
Ghosts Of Frauds Past Haunt Indian Jewellers As Banks Raise Alarm
In his 50 years as a jeweler, Pankaj Parekh has seen a few scams shake the credibility of India's $60 billion gem and jewelry industry. The latest multibillion-dollar fraud will give banks the impetus to rein in credit for around 300,000 of his peers, he says.
-
Nirav Modi's 9 Luxury Cars Seized, Rolls Royce, Porsche Among Them
A fleet of luxury cars including a Rolls Royce Ghost, two Mercedes Benz GL class, one Porsche Panamera, three high end Honda cars and one Toyota Fortuner belonging to Nirav Modi and his group of companies have been seized by the Enforcement Directorate on Thursday.
-
In Nirav Modi Raids, Jewellery And Gold Worth Rs 5,100 Crore Seized
The Enforcement Directorate (ED) today conducted searches at several properties linked to billionaire jewellery designer Nirav Modi in Mumbai, Delhi and Gujarat, and seized diamonds, jewellery and gold worth Rs 5,100 crore.
