Union Budget 2026-27 makes a strong push for MSMEs, with a Rs 10,000-crore SME Growth Fund; besides, it enables faster payments via mandatory TReDS for CPSE purchases. Overall, the Budget emphasizes fiscal prudence, infrastructure creation, and ease of doing business. For a sector navigating global uncertainty, shifting consumer preferences, and rising compliance standards, it is stability that the enabler.

India’s Economic Survey FY25–26 outlines how the gems and jewellery sector shaped exports, gold imports, inflation and lending, highlighting diversification gains and rising macro pressures for policymakers and industry.

Ahead of the Union Budget 2026–27, leading jewellery retailers, manufacturers and industry bodies outline expectations on GST, import duties, exports, digital gold regulation, working capital, and policy reforms to strengthen growth.

JJS 2025, scheduled from December 19–22 at the Novotel Jaipur Convention Centre, will host 1,227 booths, feature the Coloured Gemstones theme, and welcome top exhibitors, retailers, and global participants.

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 International Institute of Gemology (IIG) South, the education arm of Laxmi Diamonds, celebrated its 4th Convocation Ceremony at Shangri-La Hotel, Bengaluru, recognising the achievements of 220 graduating students who are set to embark on their professional journeys in the gems and jewellery sector.

India’s gems and jewellery sector faced a sharp setback in May 2025, with exports falling by 15.81% year-on-year. New US tariff measures and weak global demand hit key segments like cut and polished diamonds and lab-grown diamonds, even as gold jewellery showed positive growth amid geopolitical uncertainties

BVC, a leading logistics provider for India’s gems and jewellery sector, has successfully completed its first international hand-carry shipment of jewellery from Mumbai. The landmark move marks a new chapter in the international transport of high-value cargo, offering greater speed and security

From May 1, travellers passing through Mumbai Airport will be allowed to import and export jewellery via private transport, following a formal directive from the Central Board of Indirect Taxes and Customs (CBIC). The initiative, led by the Gem and Jewellery Export Promotion Council (GJEPC), is expected to simplify logistics for exporters and boost India's position as a global jewellery hub

India’s gems and jewellery sector is on the cusp of transformative growth, with a projected market value of $128 billion by 2029, according to a new report by 1Lattice titled Glimmers of Growth

The Indian gems and jewellery industry is facing a potential challenge as the United States considers imposing reciprocal tariffs. In response, key industry leaders have engaged with government officials to discuss the implications and seek intervention to protect India’s export interests

The Bengal Global Business Summit 2025 brought attention to the promising future of India's gems and jewellery sector. Industry expert Sabyasachi Ray highlighted West Bengal's potential to become a key player in this dynamic industry