2023 Jewelry Trends: Eight Jewellery Tendencies That May Outline 2023

“Recognising the fragmented nature of gold demand in India, spanning from small to large jewellers and varying from kilograms to tonnes, there is a urgent need for streamlining exports,” DGFT Director General Santosh Kumar Sarangi said. This growth is a significant leap ahead in simplifying international trade and will further enhance the trade development and open up new avenues for exports, particularly within the e-commerce segment, GJEPC mentioned in an announcement. India’s diamond trade plans to reduce its financial institution financing requirements by a 3rd, targeting $4 billion for the present fiscal yr, down from $6 billion in FY23. Traders are focusing on clearing present inventory rather than accumulating more, which would necessitate additional borrowing.

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