• Download mobile app
15 Dec 2018, Edition - 1250, Saturday

Trending Now

  • New York: US man arrested for punching, hurling homophobic slurs at Indian-origin woman; faces 15 yrs in jail
  • Rajinikanth is likely to participate in late DMK chief M. Karunanidhi’s statue unveiling ceremony
  • Meghalaya: At least 13 miners are feared dead after they got trapped by flooding in an illegal coal mine in East Jaintia Hills
  • Former chief minister Vasundhara Raje was re-allotted her official residence, 13, Civil Lines, in Jaipur without any charges

Coimbatore

GST hiccups over, jewellery business picking up

Covai Post Network

Image credit : Illustrative Image

After an initial slowdown owing to implementation of GST, gold jewellery business has started showing signs of picking up, according to leading jewellers in the city.There was some slowdown in business due to
implementation of GST some five months ago. Teething problems did bring down customer arrivals, Prince Jewellery Chairman and Managing Director Princeson Jose told mediapersons here today.

Jewellers and customers now had a clear picture of the tax structure and its benefits and business started picking up, particularly with the advent of marriage season, he said.

As part of the season, the outlet here is organising a 23-day antique and diamond jewellery exhibition-cum-sale from today and the company expects a business of more than Rs 1 crore, he added.
On sale at the expo would be works from Chettinadu, Malabar, Travancore, Karnataka, Rajasthan and Hyderabad. They would in the price range of Rs 25,000 to Rs 50 lakh.

COIMBATORE WEATHER