Shipment Delays as India Jewellers Strike enters 7th Day
Update on 20th March 2016
The Strike was called off Yesterday-19th March 2016 and we will rush to fulfill your orders. There might be a slight delay due to a huge backlog and a domino like effect on several areas right from purchase of Gold, to Hallmarking to Making of the fine rings and pendants however in our statistical assessment we will tide over this situation and will deliver with no to a minor delay.
Thank you for Understanding
Dear Gemstoneuniverse Patrons,
India Jewellers Strike entered the 7th Day today. The Indian Jewellers are striking against to protest against the 1% increase in excise duty on Jewellery. This strike that was originally intended for 3 days is continuing even now.
This situation arose on Feb 29th When the Union Finance Minister levied the 1% excise duty on Jewellery in his budget proposal.
In addition to the above the Jewellers are also protesting against the mandatory quoting of the PAN numbers of Indian Citizens for purchases made of INR 2L/USD($) 2975/-
Due to the above situation there is a complete closure of bullion markets and all sectors in the Jewellery trade are facing a closure right from bullion traders to bench jewellers and workmen. The most affected group are the artisans who are suffering the most.
As per the directive of the Jewellers Association Bangalore Gemstoneuniverse Boutique Store in Bangalore as well as the workshop are closed until further notification by the Jewellers Association and the respective trade bodies.
Patrons who have placed orders after February 29th, 2016 will have delays in shipment of packages due to the above situation.
As soon as the strike will end we shall resume normal operations and expedite making your rings/ pendants and eventually will ship your package.
Complete News Report can be accessed here.
For Real Time Updates on the Strike Situation please click here
For Patrons who have ordered more than one ring/ pendant the delay will be more.
Gemstoneuniverse patrons can still place orders on the Gemstoneuniverse website and these will also be processed post the strike. This will ensure that your favourite gemstone that you might have researched for long time remains with your account and can be sent to you post the strike.
With a flawless end to end track record for the past 20 years it was our duty to inform our patrons about the same.
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