The Gem & Jewellery Export Promotion Council has sought regulatory relief from the Reserve Bank of India, citing liquidity constraints, extended payment cycles and financing challenges affecting India’s export-oriented gem and jewellery sector.

The Gem & Jewellery Export Promotion Council has joined the Natural Diamond Council as a member, becoming the first industry body under the Luanda Accord framework to formalize participation.

The All India Gem & Jewellery Domestic Council inaugurated its Mumbai office on May 14 while urging industry support for revised gold duty measures and proposing a structured Gold Monetization Scheme roadmap.

Escalating conflict in West Asia has disrupted India’s gem and jewellery trade, halting diamond shipments and logistics through Dubai and threatening exports and rough supply for the country’s $30-billion industry.

India’s gem and jewellery exports totalled $23.19 billion in April–January 2026, down 0.64% year-on-year, as US shipments fell 45%, while a new India–US trade framework restores 18% tariff access.

India’s gem and jewellery exports to the US declined sharply in April–December 2025 amid tariff pressures, while growth in UAE, Hong Kong and FTA markets kept overall exports largely stable.

GJEPC Chairman Kirit Bhansali highlights steady April–October export performance, seasonal October softness, policy-driven competitiveness, and the real context behind gold import trends, outlining a confident growth trajectory for India’s gem and jewellery sector.

The Gem & Jewellery Skill Council of India and APSSDC have formalized a partnership to roll out structured training, upskilling and RPL initiatives across Andhra Pradesh, strengthening workforce capabilities and enhancing employment opportunities in key jewellery clusters.

GJEPC strengthens India–Botswana bilateral trade ties as its Gujarat leadership and top diamond exporters join President Droupadi Murmu’s official delegation, presenting handcrafted Indian artistry to President Duma Boko during the state visit.

The GJEPC hails the Union Cabinet’s Export Promotion Mission as a transformative step that strengthens MSMEs, boosts global competitiveness, and accelerates India’s journey toward $ 100 billion gem and jewellery exports by 2047.

The Gem & Jewellery Export Promotion Council presented key policy proposals to the Government seeking tax reforms, industry incentives, and regulatory ease to strengthen India’s leadership in diamonds, gold, coloured gemstones, and lab-grown diamonds.

GJEPC Chairman Kirit Bhansali, addressing Prime Minister Modi’s select industry meet, outlined a roadmap to make India the global hub for gems and jewellery with $100 billion exports by 2047.

The landmark policy aims to attract Rs.1 lakh crore in investments and generate over 5 lakh new jobs, positioning Maharashtra as a global hub for jewellery manufacturing, exports, and design.

The Gem & Jewellery Export Promotion Council (GJEPC) has appealed to Finance Minister Nirmala Sitharaman for urgent relief measures to help the Indian gem and jewellery industry withstand the financial strain caused by the recent 50% tariff imposed by the United States, which threatens exports, jobs, and sector competitiveness.