ACPL Exports launched TrueSilver on 10 February 2026 in New Delhi, entering India’s domestic D2C silver jewellery market to address growing everyday demand and diversify revenue beyond exports.

India’s Economic Survey FY25–26 outlines how the gems and jewellery sector shaped exports, gold imports, inflation and lending, highlighting diversification gains and rising macro pressures for policymakers and industry.

De Beers Group introduced its ‘Heera Hai Aapke Liye’ program at IIJS Bharat Signature to strengthen natural diamond demand in India by enabling retailers through the INDRA alliance and expanding structured access nationwide.

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.

With the steep Trump tariffs now having come into play, the cutting, polishing, manufacturing and export hubs of India are facing severe problems, with joblessness and unit-closure a distinct possibility. The silver lining is that the GJEPC is hopeful of a solution, particularly in view of the advocacy efforts of its US counterparts, who are also working hard to impress upon the Trump administration that the high tariffs will have a deleterious effect on the US jewellery industry as well. In a free-wheeling conversation with Suneeta Kaul, Kirit Bhansali, Chairman, GJEPC, talks about the impact of the tariffs, the steps being taken to bring about some relief to the industry, its expectation from the government, and more.

Commenting on India’s 7.8% GDP growth in the first quarter of FY 2026, Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), said the strong performance reflects the resilience of the economy and the policy direction under the leadership of Prime Minister Narendra Modi.

India is set to witness its first operational gold mine since Independence, as Deccan Gold Mines gears up to begin production next fiscal year. The landmark project is expected to yield 400 kilograms of gold annually and marks a significant step toward reducing the country’s reliance on imports

The gold market experienced a significant uptick in prices on May 10, propelled by a combination of factors including a declining US dollar and heightened domestic demand

UAE gold trade and Indian shoppers will keenly follow any change on Budget day.

A reduced import duty will make gold smuggling less attractive and will eventually drive the illegal gold out of the markets.

GJEPC organised the Summit as an initiative to promote better banking and business practices

Lab Grown CVD diamonds to get India and global market access with this key partnership

Indian official imports have continued to grow despite high import duty, averaging 760t since the first duty hike in 2012

Before the discovery of diamonds in Brazil in the 1720s, most diamonds came from India, and we were the world’s principal producer of diamonds for over 1000 years