Top Menu

Market Research
Search India Import/Export data to understand your markets and monitor your competition.

20+ Country Market Analysis Report

Export Import Market Report


Find Sales Prospects
Instantly generate lists of potential customers based on trade activity.

Find Sales Prospects

Instantly generate lists of potential customers based on trade activity.

Request Sample Data

Evaluate Suppliers
Search for new suppliers, monitor existing ones and keep track of trends.

Access the world's largest and most comprehensive database of International trade. Whether you are looking to generate leads locally or expand your business globally, TRADE GENIUS has what your business needs.

Import and Export data from Globally, USA, UK, RUSSIA, and CHINA
Market Analysis Report
Based on Global Import Export Data
60,000,000+ SHIPMENTS
Records include product details, FOB values, HTS codes, and much more.
Monitor Competitors
Tailor a solution specific to your industry, with deep expertise in Chemicals, Transportation, and more.

Mail us:

Jewellery Exports Will Impact By Hike In Dubai Import Duty

Jewellery Exports

As starting from January, Indian jewellery exports will get impacted in the coming future, from the previous 0.36 % to 5 % the import duty has been hiked in Dubai.

As a hub for jewellery business, the jewellery exporters may discontinue using Dubai and to the other countries’ markets start selling straight away. In last two months, large exports have already happened and gold and in Dubai jewellery has been stocked up. India has exported; about 32 % Out of the Gems and jewellery has been shipped to UAE.

In India, the jewellery business as to face a lot of restrictions felt by the jewellery industry and India Jewellery exports will be uncompetitive due to this duty increment by Dubai. Some exporters to save on the duty may shift their business to Dubai.

For exports, many jewellers have their hub in Dubai. From Dubai to other developed nations Jewellery is re-exported with increased markups.

At Dubai, many of the tourists buy jewellery due to high prices in their own countries. In comparison with many western countries, jewellery is sold at a low markup In Dubai. On top of high markups, buying jewellery became a very expensive affair as these countries also add VAT.

In the short term, the gold and jewellery business in Dubai could impact by the increased duty, said by experts. As it will come out as a strong manufacturing unit, so in long term, Dubai will not have any impact. From 62% in 2011 to 34% this year, Indian exports to UAE have fallen though India is the biggest supplier of gems and jewellery. India may see a competition in diamond and precious stone handmade jewellery besides this fall in exports s the artists making these will in most likelihood move to Dubai. In this industry in India, because of the increasing job losses, there is seen in a shift of skilled labour. The other factors like a tax-free income, efficient workforce, low-cost capital, etc will attract these export businesses to Dubai.

By many jewellers, for re-export, Dubai was preferred as a hub due to the facilities and flexibilities extended there. The ones most impacted will be the South Indian jewellers as they export largely to Dubai.

Hello. Add your message here.