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.

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.

The GJEPC hails the Union Cabinet’s Export Promotion Mission as a transformative step that strengthens MSMEs, boosts global competitiveness, and accelerates India’s journey toward $ 100 billion gem and jewellery exports by 2047.

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.

GJEPC Chairman Kirit Bhansali, addressing Prime Minister Modi’s select industry meet, outlined a roadmap to make India the global hub for gems and jewellery with $100 billion exports by 2047.

The landmark policy aims to attract Rs.1 lakh crore in investments and generate over 5 lakh new jobs, positioning Maharashtra as a global hub for jewellery manufacturing, exports, and design.

In a major step to simplify and accelerate the export of high-value shipments, the Gem & Jewellery Export Promotion Council (GJEPC), in partnership with Mumbai Customs, has inaugurated a state-of-the-art Jewellery Hand Carriage Facilitation Centre at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Terminal 2

In a historic development for India’s gem and jewellery sector, the first hand-carried jewellery export was successfully executed from Mumbai’s Chhatrapati Shivaji Maharaj International Airport, directly from the premises of the Bharat Diamond Bourse

Industry leaders have praised the Union Budget for boosting consumer demand through tax reforms, increasing disposable income, and supporting economic growth

The Government of India has announced the reintroduction of the Diamond Imprest Authorisation (DIA) Scheme, aiming to boost India’s competitiveness in the global diamond trade and support the domestic industry

This initiative addresses exporters’ needs for round-the-clock access, particularly benefiting jewellers striving to meet stringent international shipping deadlines and global demand

In April 2024, India's Gems & Jewellery industry witnessed a marginal uptick in imports, while exports experienced a notable decline, reflecting both domestic and global economic dynamics

The Gem & Jewellery Export Promotion Council (GJEPC) is proud to announce a groundbreaking achievement for India's gem and jewellery sector. Through collaborative efforts with the Ministry of Finance, the Authorized Economic Operator (AEO) status has been extended to the industry, unlocking new avenues for growth and competitiveness