28 Jun 2022
DiamondWorld Directory
-
Home |
News
Home
Jewellery shares jump as 80:20 rule gets scrapped
Shares rise between 5-13%
By: Diamond World News Service
|
Dec 1 2014 1:11PM
|
Reference: 10896  

DecreaseIncrease
Pursuant to the government removing the 80:20 gold import rule, stocks of gem and jewellery companies in India reacted with a positive hike, reports say. The hike ranged from 5-13 percent for companies like Titan, PC Jewellers and Tribhovandas Bhimji Jewellers (TBZ).

The gold import rule was imposed last year mandating importing agencies to export 20 percent of what they import in order to make fresh imports. This rule had repercussions of reduced supplies in the domestic market, increased premiums, and costly procurement of gold on lease. With supplies opening up, the quantity of gold-on-lease could also open up, reports say.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31021
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8085
GJEPC Chairman Interview
Views: 27239
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 37782
Promo for IJ Awards 2012 at NDTV Profit
Views: 51766
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 65413
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21150
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49597
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 50982
Member of:
Supporter of: