Limelight Lab Grown Diamonds has raised Rs 275 crore through a promoter-led funding round to strengthen manufacturing, expand retail operations across India, and scale its vertically integrated business model.

The Gem & Jewellery Export Promotion Council joined the Union Commerce Minister's trade mission to the UK and Greece to strengthen market access, promote exports and deepen trade partnerships across Europe.

Bharat Diamond Bourse organized a blood donation drive on June 17 in Mumbai, collecting 801 units in partnership with five hospitals and blood banks to address an urgent citywide shortage.

Union Minister Jitin Prasada inaugurated the Customs Export-Import Facilitation Centre at Mumbai’s SEEPZ-SEZ on June 19, 2026 to streamline customs processes, improve logistics and support exporters through integrated infrastructure.

India’s gem and jewellery exports totalled $4.27 billion in April-May 2026, while GJEPC urged the government to address gold supply constraints and regulatory issues affecting export manufacturing.

The Department of Commerce and GJEPC organized an outreach programme in Jaipur on 9 June, encouraging jewellery exporters to utilize India’s FTAs to expand exports and access global markets.

Natural diamond ownership among Indian women rose to 15% in 2025 from 11% in 2022, driven by younger consumers, rising incomes and increasing self-purchase trends, according to NDC.

Maliram Jewellers celebrated its 50th anniversary on December 27, 2025 in Amritsar, bringing together industry leaders, trade partners, dignitaries and customers to mark the retailer’s growth across Punjab.

Divine Solitaires said rising gold prices and changing consumer sentiment are encouraging buyers to consider natural diamonds for milestone purchases, while supporting India’s diamond manufacturing and export ecosystem.

World Gold Council says India’s increase in gold import duty from 6% to 15% could reduce 2026 jewellery and investment demand by 50-60 tonnes amid weaker sentiment and higher unofficial inflows.

Gemfields sold 183,385 carats of higher-quality rough emeralds in Bangkok and online during May 2026, citing stable demand, cautious buying sentiment and macroeconomic pressures affecting coloured gemstone trading.

At the WFDB International Summit in Gaborone, Botswana and Angola joined as Nation Affiliate Members, strengthening engagement between producing nations, trading centres and the global natural diamond manufacturing industry.

As India raises gold import duty from 6% to 15% amid economic pressure and a weakening rupee, the jewellery industry is preparing for higher prices, evolving demand, and possible market disruption, discovers Khursheed Mistry.

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.