In a significant escalation of trade tensions, former U.S. President Donald Trump has imposed a 25% tariff on all Indian exports, effective August 1, delivering a sharp blow to India’s diamond and jewellery sector. Adding to the disruption, Trump also announced an unspecified "penalty" tied to India's continued purchases of military equipment and oil from Russia.

Signed on 24 July 2025, the India–UK Free Trade Agreement (CETA) grants Indian jewellery duty-free entry into the UK — opening the door to a surge in exports and bilateral economic growth.

The India Pavilion at JCK Las Vegas 2025 received a distinguished visitor as Dr. K. Srikar Reddy, Consul General of India in San Francisco, toured the country’s expansive showcase of gem and jewellery excellence

Move aims to ease trade tensions and gain relief from potential US tariff hikes

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

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

Commerce ministry decides to extend RoDTEP scheme benefits to SEZ units

GJEPC, the representative body for India's international gem and jewelry trade, has put forth numerous suggestions to the Government in anticipation of the forthcoming budget

Chief guests at the inauguration included State Minister of Commerce & Industry, Anupriya Patel; Member of Parliament Poonam Mahajan and Chairman of Malabar Gold & Diamonds, MP Ahammed

Commerce & Industry Minister Piyush Goyal flags-off the first consignment under India-Australia ECTA from Mumbai

GJEPC connected India and UK as part of its Virtual Business Meet held on 28th September

GJEPC had a virtual meet with Suresh Kumar, the new Joint Secretary, Department of Commerce

eBay in India recently announced its association with the International Gemological Institute (IGI)

In a recent video meeting with the Department of Commerce, the GJEPC outlined a few suggestions that would drive Indian exports from SEZs on an upward growth trajectory