Export of jewellery with gold content beyond 22 carats banned

Jewellers divided over fallout, some see it as a blow; others say no impact

In a move that has evinced mixed responses from the domestic jewellery manufacturing industry, export of gold ornaments, medallions or any other articles beyond 22 carat purity has been banned.

In a notification issued Monday evening, the Directorate General of Foreign Trade (DGFT), said, "The Foreign Trade Policy 2015-20 has been amended to allow the export of gold jewellery (plain or studded) and articles containing gold of eight carats and above, up to a maximum limit of 22 carats only from domestic tariff area and export oriented units (EOU) or any such privileged

facilities."

This means export of jewellery or medallions