Diamond Trade on Edge as Tensions in the Middle East Disrupt Key Supply Routes
The ongoing US-Israel-Iran conflict is disrupting diamond trade flows, impacting key hubs, delaying shipments, and pressuring logistics; however, the industry is hopeful of things returning to normal once the geopolitical tensions ease, finds out Dhwani Rathod.
India Gem & Jewellery Exports at $ 23.19 Billion in April–January; India–US Trade Framework Restores 18% Tariff Access
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.
GJEPC Submits Pre-Budget Recommendations to Boost Export Competitiveness and Ease of Doing Business
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.
Bharat Diamond Bourse Marks India’s 79th Independence Day with Patriotic Ceremony in Mumbai
The Bharat Diamond Bourse (BDB), one of the world’s largest diamond hubs, commemorated India’s 79th Independence Day with a grand ceremony that blended patriotic fervour, cultural pride, and community solidarity.
Overseas manufacturing, supply chain adjustments to counter tariff hike: GJEPC
The Gem & Jewellery Export Promotion Council (GJEPC) met on Friday to address the sharp rise in US tariffs on Indian jewellery, which now stand at 25%–32%, threatening the export segment. Discussions covered the scale of the impact, the need to explore legal and operational intricacies, and long-term strategies to protect the sector.
Surat SEZ Sees Sharp Decline in Gems and Jewellery Exports Amid Global Tensions and Regulatory Crackdown
The export of gems and jewellery from Surat’s Special Economic Zone (SEZ) at Sachin experienced a significant drop in the past financial year, plummeting by half in value compared to 2022-23
Iran-Israel War News Sparks Gold Price Surge
On the Multi Commodity Exchange (MCX), the price of gold soared by over Rs.1,000 per 10 grams, reaching a fresh high of Rs.73,461 per 10 grams
Silver ETFs Surpassing Gold in Investor Interest
Recently, the spotlight in the investment world has turned to precious metals, particularly gold and silver, as investors react to renewed expectations of U.S. interest rate cuts anticipated in June
Nootan Thawai Named Director of Production and Services for Gemological Science International
Thawai join GSI in 2011, in her new role she will be responsible for all production and services related to export activities.
Department of Commerce Lauds GJEPC Role in Pushing Exports Close to $40bn
The Department also sets a merchandise export target of $45.7bn for FY 2022-23
Integrity of India’s Diamond trade at Stake?
Sarine files more lawsuits against alleged ‘Pirates of Surat’
GJEPC’s Outreach Program in Surat on India-UAE CEPA & India-Australia ECTA
“Government is negotiating FTAs with Canada, UK and Israel which would be concluded hopefully by the end of this year,” informs Colin Shah, Chairman GJEPC
G&J exports grow by 54% Y-o-Y to $ 39.15 bn in 2021-22
The overall gross exports of gem & jewellery from April 2021- March 2022 stood at US$ 39.15 billion (Rs 291771.48 crore), showing a growth of 54.13% in dollar terms (55.75% in Re terms)
JWA Dubai 2022: Malabar Gold and Diamonds wins ‘Brand of the Year – Retail’
This is the first business award that specifically honours individuals and companies from the Middle East’s rapidly growing jewellery and gemstone trade
Gems, jewellery exports up 5.76% to $29 bn in Apr-Dec 2021
Holiday and festive demand was robust in important trading centres, and we believe this momentum will carry through the end of FY2022, GJEPC said
