International News
Certificate Ceremony Held To Recognize The First Jewellery Import Shipments Under The India–UK CETA
The High Commission Of India In London In Association With GJEPC Hosted The Event, Exporter Were Felicitated By High Commissioner Of India
The High Commission of India in London, in association with GJEPC, hosted a special certificate ceremony to recognize the first jewellery import shipments under the India–UK Comprehensive Economic and Trade Agreement (CETA) on its day of implementation, 15 July 2026.
The exporters were felicitated by His Excellency Kumaran Periasamy – High Commissioner of India to the United Kingdom, Nidhi Mani Tripathi – Minister (Economic), High Commission of India, London
First jewellery importers honoured under the India–UK CETA: Malabar Gold & Diamonds Ltd., Nysa Creations Ltd., PureJewels Ltd., Taj Jewels, Kalyan Gold & Diamond Jewellery Ltd., Siddharth Jewellery (UK) Ltd., Fine Jewels Ltd.
As the India–UK CETA ushers in duty-free access for Indian gem & jewellery exports, the agreement is set to strengthen bilateral trade, enhance India’s global competitiveness, and unlock new opportunities for exporters, further advancing Hon’ble Prime Minister Narendra Modi’s vision of ‘Design and Make in India, for the World.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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