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.

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.

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.

The Finance Ministry has increased customs duty across multiple precious metal and jewellery categories, impacting gold, silver, platinum findings and recycled precious metal imports effective from May 13, 2026.

India and New Zealand signed a Free Trade Agreement on April 27, 2026, in New Delhi, enabling zero-duty access for Indian jewellery exports and phased tariff concessions on select imports.

GJEPC’s IGJS Jaipur 2026, held April 9–11 in Jaipur, hosts 85 companies and over 230 global buyers, reinforcing India’s sourcing position amid geopolitical shifts and evolving trade dynamics.

Union Budget 2026-27 makes a strong push for MSMEs, with a Rs 10,000-crore SME Growth Fund; besides, it enables faster payments via mandatory TReDS for CPSE purchases. Overall, the Budget emphasizes fiscal prudence, infrastructure creation, and ease of doing business. For a sector navigating global uncertainty, shifting consumer preferences, and rising compliance standards, it is stability that the enabler.

Ahead of the Union Budget 2026–27, leading jewellery retailers, manufacturers and industry bodies outline expectations on GST, import duties, exports, digital gold regulation, working capital, and policy reforms to strengthen growth.

India–Oman CEPA abolishes duty on Indian gems and jewellery in Oman from December 2026, with GJEPC projecting exports rising from $ 35 million to $ 150 million within three years.

DGFT’s December 1 notification includes Ahmedabad Airport in the hand-carriage system, enabling faster gem and jewellery exports as Customs prepares SOPs following GJEPC’s representation to authorities.

GJEPC Kolkata began a four-day Customs Training Program on December 1 2025 at the International Air Cargo Complex to enhance appraiser expertise and improve gem and jewellery export procedures.

GJEPC’s MSME Department hosted a practical export-readiness Chaupal in Zaveri Bazaar, guiding first-time exporters through procedures, compliance, market demand, incentives and global opportunities, while addressing real operational challenges.