The domestic gold jewellery industry is projected to grow by 14-18% year-on-year in FY25, according to an ICRA report, despite expected volume contraction

The Gem and Jewellery Export Promotion Council (GJEPC) has taken a significant step towards empowering artisans in North East India by signing a memorandum of understanding (MoU) with the North Eastern Handicrafts and Handlooms Development Corporation Limited (NEHHDC) to establish the Indian Institute of Gems and Jewellery (IIGJ) in Guwahati

The Indian government has proposed revised guidelines for permissible wastage limits in the export of gold, silver, and platinum jewellery

The Indian gold jewellery industry is poised for significant growth in the financial year 2025 (FY25), with revenue expected to increase by 13-15%, according to a report by ICRA

A recent reduction in gold import duties—from 15% to 6% in the latest budget—has led to a remarkable 35-40% increase in sales for gold retailers across India. This dramatic shift has provided a much-needed boost to an industry that had been struggling with high prices and stagnant sales

Hon’ble Minister of Commerce & Industry, Piyush Goyal, and Olivier Becht, Minister Delegate for Foreign Trade, Economic Attractiveness and French Nationals Abroad, Government of France, who are currently attending the G20 Trade and Investment working group meetings (TIMM) in Jaipur, inaugurated the “NAVARATAN” exhibition, which is held on the sidelines of the G20 TIMM at the Chandra Mahal, Sawai Man Singh Mahal, Rambagh Palace Hotel, Jaipur.

The store is spread over a 4300 sq. ft. retail area and offers a luxurious ambience.

Ministry of Commerce reveals India’s total merchandise exports rose by 30.70 %

Traders in the gems and jewellery sector will benefit the most

Revenues of organized retailers are likely to grow at a higher pace of 14%, backed by their aggressive store expansion plans and a gradual shift from the unorganized segment towards the organized one

During the discussion, the GJEPC delegation drew attention to the personal carriage of Gems & Jewellery, which, it said, should be re-started from Jaipur airport

Jaipur became the 7th international courier terminal in India with the inauguration of the Express Cargo Clearance System (ECCS) on 9th August

The council and members of the trade have been constantly requesting the government to give them some respite from the harsh impact from the hike in import duty - a further hike on import duty might be disastrous for the industry

ICRA expects gold jewellery demand to be subdued in FY2020 with expected volume de-growth of 6-8% on the back of elevated gold prices and weak consumer demand