Popley Group launches Vibrants Vilandi and Diamond Jewellery Collection

Each of the pieces of the Vibrant Vilandi and Diamond Collection are uniquely made with sheer elegance and matchless beauty, making it a delightful affair to see and wear.

Post By : IJ News Service On 08 January 2016 2:30 PM
Gold imports have plunged considerably in June to 40 tonne from 162 tonne in May, but the export of diamond and diamond jewellery is showing a rising trend due to the revival in demand in the United States. Almost, after two years, jewellery exporters are getting orders for jewellery from the US. The units in service in Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai are full of activity with enquiries. The US jobs data for June has also flashed a new optimism amongst the jewellers. The US economy added a net 195,000 new jobs in June, official figures show. The figure is well above economists' expectations of 165,000. "Jewellers are expecting a 25%-30% growth in the US market in the current fiscal. The US is gradually coming out of recession and this is reflected in the enquiries that are coming from the country. We are seeing this sort of a demand after a gap of almost two years," said Vipul Shah, chairman of Gem & Jewellery Export Promotion Council.%% A boost in exports of gem and jewellery is excellent news for the government which is strongly trying to manage the rising current account deficit (CAD) by cutting gold imports through various measures. Vipul Shah said that Anand Sharma, Union Commerce Minister has held a meeting with jewellery exporters and assured them of a sound supply of gold for exports. "He said that if any nominated agencies fail to supply gold, he would take action against them," Vipul Shah added. The jewellery units in use in SEEPZ are getting an excellent flow of orders. Rajeev S Pandya, Past President, SEEPZ Gems & Jewellery Manufacturers Association, said, "There has been an improvement in order position from June end. The industry had organised a jewellery show in Las Vegas in early June. The samples shown there have been well accepted by customers and they have started placing orders. These are orders for the Christmas season. Some of the units in SEEPZ have their hands full while some have started receiving orders from the US. The US is compensating for the loss in Europe." The Europe market is still lurching under a catastrophe and jewellers fail to see an instant revival in that market. "However, the West Asia and China markets are showing a good growth," said Vipul Shah.%%

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