How can jewelry industry be affected by this Budget 2020 in india
Today union budget 2020 has been shown by the indian goverment.every body infact every family has big expectation from the
goverment to produce something which will minimise their cost of living,expences,food and other nessesary thing.There has
been a steep decline in jewellery sales over 12 months, and jewellers are facing adverse impacts of the slowdown because
of the increase in gold prices, and a slowing of the overall economy.so i am not going to disscuss about all sectors.i
will only disscuss,how your fashion stuff going to be for one year.what will be your expences now after the union budget
2020.how will you enjoy your gold and diamond collection for your wedding or your party.is there will be more costly or it will be cheaper.these all things we will disscuss here.
first of all i will tell that this union budget 2020 directly affects jewelry industry.in this budget goverment has
decided to reduce the import duty on gold and silver because there is an immediate need for a cut in customs duty.this is
the bigg step for jewelry industry and this will boostup jewelry sale by cutting prices.so for jewelry lovers,this is the
big news for him/her.they will enjoy their fashion with jewelry.after coming the news in morning, many of the company
specially vogue crafts and designs pvt.ltd,which is a leading manufacturer and exporter of gold and silver and imitation
jewelry,has cut down their jewelry prices and selling their products today it self.
https://www.voguecrafts.com/
specially gold and silver jewelry will be more cheaper from this reduction.hopefully it will increase sale and help to
grow our economy.
“The current market scenario shows that equity markets and real estate are not able to garner the returns expected. This
will give momentum to the jewellery sector. Consumers are now looking at jewellery as an investment option,” says Gautam
Singhvi, Co-founder and Managing Director of The Diamond Factory, a Mumbai-based jewellery brand. The brand’s Co-
founder, Prasanna Shetty, has expectations similar to Shreyansh. He believes the Union Budget 2020 should provide for a
reduction in customs duty on gold, resulting in increased demand, especially when coupled with relief on personal income
tax.
if you are looking for the Jewelry Manufacturer or even single pice then you can go with Vogue crafts and designs.
huge discount for bulk order
CONTACT INFO
- 90/12, L.G.F Malviya Nagar, New Delhi - 110017, India
- Enquiry@Voguecrafts.Com
- WhatsApp-(+91) - 9643207706
- Landline-(+91) - 11 - 41324445 , 41324446