Page 5 - Bullion World Volume 3 Issue 1 2023

sequelglobal.com Bullion World | Volume 3 | Issue 1 | January 2023

EDITORIAL

Dear Readers,
USE TECHNOLOGY.

India – Australia ECTA agreement was a commendable
OR, GET USED achievement by the government of India. The government,
through the FTA, has created market access to Indian gems
BY HUMANS. and jewellery products in Australia. In value terms, the export

potential is estimated at USD 2.5 billion from the present USD
1.27 Billion down the line three years. Apart from boosting
exports, the FTA would also create additional job opportunities
for skilled forces in the country.
Sequel runs on technology that is
transparent, efficient, empowering. The government, through its notification dated December 9,
2022, has made jewellery exports through India Post a reality.
This is a significant move and would help MSMEs, if costs are
competitive.

With our Sequel247 app, you can:
With the 2023-24 budget consultation process on the way, the commerce ministry has asked the
Book multiple pickup requests ministry of finance to tweak import duty in the forthcoming budget on certain products, including
Track your shipment gold, to boost manufacturing, job creation and exports. The industry hopes that a reduction in
Make online payments import duty and a progressive and favourable policy for jewellery exports would unleash growth. The
View the overall summary of expectation of presumptive taxation on special notified zones for rough diamonds and abolition of
duty on the seed used for lab-grown diamond production is also high in the industry.
your shipments

The jewellery markets are witnessing a transformation in consumer and buying preferences as New-
And be a part of the complete gen customers are moving from traditional antique jewellery to high-style and design-led jewellery.
logistics process! Jewellery wearing has changed from occasional to casual, with a preference for modern wear.

This issue features an expert article titled, "Indian Economy in 2023" by Mr Shekhar Bhandari,
President, Global Transaction Banking at Kotak Mahindra Bank. The article titled, "Bullion Markets
in 2022: A Review" by Bullion world, highlights the happenings in the bullion and jewellery sector.
Augmont, IIFL and Philipcapital have shared their views on the Gold and Silver price outlook for 2023.
Gold Sikka has spoken about its world’s first real-time and self-service gold ATM.

Do you have any exciting stories to share? Please write to us at editor@bullionworld.in. It can be in the
Indian or global precious metals and jewellery industry.

Best wishes,
G Srivatsava
Editor

secure@sequel.co.in linkedin.com/SequelLogistics +91 901 902 4444
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