Thailand’s gem and jewellery sector, including gold, generated $26.6 billion in exports in 2025, strengthening the country’s position as an international jewellery manufacturing and trading centre.

With IIJS Bharat – Premier 2026 set to expand in scale and ambition, Shaunak Parikh, Vice Chairman of GJEPC, outlines the strategy for the show, export growth, and industry priorities, in a conversation with Dhwani Rathod.

The Gem & Jewellery Council has cautioned that the US' 10% tariff on Indian imports could weaken export competitiveness, squeeze margins and impact jobs, urging government intervention through trade negotiations.

Richemont reported a 20% increase in first-quarter sales for FY2027, with its Jewellery Maisons posting 24% growth, driven by strong demand across key markets including Asia Pacific and the Americas.

The Gem & Jewellery Export Promotion Council has sought regulatory relief from the Reserve Bank of India, citing liquidity constraints, extended payment cycles and financing challenges affecting India’s export-oriented gem and jewellery sector.

VBJ, Vummidi Bangaru Jewellers has introduced the Parro jewellery collection in Chennai on June 22, drawing inspiration from the parrot motif and combining gold, diamonds, gemstones and enamel with heritage craftsmanship.

Platinum Guild International’s 2025 Business Review says platinum jewellery demand rose across major markets despite high gold prices, tariffs and manufacturing pressures, with resilience expected to continue into 2026.

Jos Alukkas has introduced the Ballé Collection and a campaign film featuring actress Samyuktha on June 16 in Chennai, presenting a new jewellery range inspired by ballet and available across its retail network.

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.

GSI has outlined how diamond screening challenges have evolved over the past decade, citing increased laboratory-grown diamond volumes, mounted jewellery verification requirements and the need for consistent product integrity protocols.

India’s platinum jewellery demand increased 4% in 2025 despite economic headwinds and elevated gold prices, driven by wedding jewellery, men’s jewellery and retailer expansion, according to Platinum Guild International.

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.

As India raises gold import duty to 15%, leading jewellery players and trade bodies support gold conservation measures while warning of liquidity pressure, export challenges and rising risks to MSMEs.

India commenced the Kimberley Process Intersessional Meeting 2026 in Mumbai on May 11, bringing global participants together to discuss compliance, monitoring and consumer confidence in responsibly sourced natural diamonds.