US consumers will be sensitive to tariff-related price increases: Paul Zimnisky
The recent imposition of steep tariffs by the Trump administration on diamonds imported from India has sent ripples across the US diamond jewellery sector. India being the primary supplier of polished diamonds to America, the world’s largest consumer market, the tariffs have caused supply chain disruptions, and are likely to lead to rising product costs. Prices are expected to go up, once the existing inventory depletes, unless a deal is reached between the US and India. Suneeta Kaul speaks with Paul Zimnisky, renowned diamond industry analyst, to gain insights into the fallout of the tariffs, and how they are reshaping buying behaviour and pricing strategies in the US.
GJEPC Elects New Committee of Administration Members for 2025
GJEPC has announced its newly elected Committee of Administration members for 2025, strengthening representation across key jewellery sectors including diamonds, silver, gold, studded jewellery, lab-grown diamonds, and regional leadership.
Trump Tariff Troubles: GoI should allow reverse job work from SEEPZ, says Kirit Bhansali, Chairman, GJEPC
With the steep Trump tariffs now having come into play, the cutting, polishing, manufacturing and export hubs of India are facing severe problems, with joblessness and unit-closure a distinct possibility. The silver lining is that the GJEPC is hopeful of a solution, particularly in view of the advocacy efforts of its US counterparts, who are also working hard to impress upon the Trump administration that the high tariffs will have a deleterious effect on the US jewellery industry as well. In a free-wheeling conversation with Suneeta Kaul, Kirit Bhansali, Chairman, GJEPC, talks about the impact of the tariffs, the steps being taken to bring about some relief to the industry, its expectation from the government, and more.
Weakening US Dollar Drives Gold Prices Higher in 2025
Gold prices have maintained a strong upward trajectory in 2025, largely supported by a sharp decline in the US dollar.
GJEPC Responds to U.S. Reciprocal Tariff on Indian Gem and Jewellery Exports
The U.S. government's decision to impose a 27% reciprocal tariff on Indian gem and jewellery exports has raised concerns within the industry. The Gem & Jewellery Export Promotion Council (GJEPC) warns that this move could disrupt trade flows, burden exporters, and reshape global supply chains. While urging the U.S. to uphold its strong trade ties with India, GJEPC calls for a Bilateral Trade Agreement to mitigate the impact and ensure long-term stability for the sector
GJEPC Announces New Leadership with Kirit Bhansali as Chairman and Shaunak Parikh as Vice Chairman
The Gem & Jewellery Export Promotion Council (GJEPC), India’s premier trade body for the gem and jewellery industry, has appointed Kirit Bhansali as Chairman and Shaunak Parikh as Vice Chairman following the completion of the COA Election 2024
GJEPC Announces Results of the 2024-2025 Committee of Administration Elections
The Gem and Jewellery Export Promotion Council (GJEPC) has announced its Committee of Administration (CoA) election results, across diamond, coloured gemstone, and gold jewellery panels. The newly elected members will guide policies and initiatives to strengthen India’s gem and jewellery export sector
GJEPC Anticipates Diamond Export Rebound, Plans Jewellery Hub in Singur
The Gem & Jewellery Export Promotion Council (GJEPC) is optimistic about a recovery in diamond exports despite recent declines
All India Gem & Jewellery Domestic Council (GJC) Announces New Leadership
The All India Gem & Jewellery Domestic Council (GJC), the apex body representing the Indian gem and jewellery industry, has announced its new leadership for the term 2025-26
GJEPC Initiates Collaboration with Kashmir Jewellery Trade: Strengthening Industry Bonds
The Gem & Jewellery Export Promotion Council (GJEPC) marked a significant milestone by convening its first-ever meeting with the jewellery trade community of Kashmir on July 18th in Srinagar
Thai Officials Visit GJEPC’s Jaipur Regional Office to Enhance Bilateral Trade in Gems and Jewellery
Officials from the Royal Thai Embassy and the Thai Trade Centre recently visited the GJEPC Regional Office in Jaipur on July 4th. They aimed to explore avenues for strengthening bilateral trade in the gems and jewellery sector between Thailand and India
Gemfields has unveiled a compelling new book, "No Stone Unturned: The Hunt for African Gems"
Authored by Richa Goyal Sikri, this collection of 24 adventure stories takes readers on a thrilling journey through six decades of the coloured gemstone trade in Africa
Celebrating Excellence and Innovation: Highlights from IIJS Tritiya 2024
The 2nd edition of the India International Jewellery Show - IIJS Tritiya, organized by the GJEPC, unfolded a tapestry of brilliance and innovation at the Bangalore International Exhibition Centre in Karnataka from April 5th to 8th, 2024
GJEPC Celebrates Historic Achievement of Reaching 10,000 Members
The GJEPC, India’s apex body for the gem and jewellery industry, has reached a historic milestone by becoming an Export Promotion Council with 10,000 members
Malabar Gold & Diamonds launches its 335th Global Store
This step also makes the brand the first Indian jewellery retailer to begin operations in Canada

