Mumbai marked the dispatch of its first jewellery export consignment to the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement (CETA) on July 15, joining similar flag-off events held in Delhi, Surat, Jaipur, Chennai and Kolkata. The nationwide initiative represents India's first jewellery exports to the UK under the trade agreement.

In Mumbai, ceremonies were held at the Precious Cargo Customs Clearance Centre (PCCC) at Bharat Diamond Bourse (BDB) and SEEPZ-SEZ. Officials attending the PCCC event included Santosh Kumar, Commissioner of Customs, Mumbai; Vishwajeet Chimankar, Deputy Director General of Foreign Trade (DGFT); and Shaunak Parikh, Vice Chairman, GJEPC. Participating exporters included Malabar Gold & Diamonds Pvt. Ltd., Shree Ramkrishna Exports and Venkatesh Jewellers. At SEEPZ-SEZ, exporters included Fine Jewellery Pvt. Ltd., Kama Jewellery Pvt. Ltd., Suashish Diamonds Ltd., S. Vinodkumar Diamonds Pvt. Ltd., IDI Jewels (India) Manufacturing Pvt. Ltd., Goldstar Jewellery Pvt. Ltd., Supergems Jewellery Mfg. Co. Pvt. Ltd., Zenstar Jewellery LLP and Steckbeck Jewelry.

Under the India–UK CETA, Indian gem and jewellery exports will receive zero-duty access to the UK market, with UK import tariffs of up to 4% removed. The agreement is expected to strengthen India's competitiveness in the UK's $4 billion jewellery import market.

Mr. Santosh Kumar, Commissioner of Customs, Mumbai, said, "The implementation of the India–UK Comprehensive Economic and Trade Agreement opens new opportunities for Indian exporters by improving their competitiveness in the UK market. Customs is committed to supporting this growth through faster clearances, reduced dwell time and seamless trade facilitation, ensuring exporters can fully leverage the benefits of the agreement."

Shri Dnyaneshwar Patil, Development Commissioner, SEEPZ, said, "With the removal of the 4% import duty on Indian gems and jewellery in the UK, our exports will become significantly more competitive. Our current exports to the UK are around Rs 3,000 crore, and we expect this to grow to nearly Rs 6,000 crore over time."

Shri Kirit Bhansali, Chairman, GJEPC, said, "The India–UK CETA eliminates UK import tariffs of up to 4%, providing Indian exporters with a significant competitive advantage in the UK's $4 billion jewellery import market. With zero-duty access, we expect India's gem and jewellery exports to the UK to increase from around $754 million to nearly $2.5 billion over the next three years."