Government Increases Customs Duty on Gold, Silver and Jewellery Components
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.
Mumbai to Host Kimberley Process (KP) Dialogue Forum Under India’s KP Chairmanship
The KP Dialogue Forum will be held in Mumbai on May 10, 2026, bringing together global diamond industry stakeholders to discuss credibility, consumer confidence and compliance across the supply chain.
Finance Minister unveils IIGJ Udupi as gem and jewellery skill development centre
Finance Minister Nirmala Sitharaman inaugurated IIGJ Udupi on April 28, in Karnataka, highlighting skilling, employment and industry-led training, while IIGJ signed an MoU with IIT Madras for lab-grown diamond certification.
Limelight Laboratory Grown Diamonds to add 25 stores in Q1 FY26
Limelight Laboratory Grown Diamonds will launch 25 stores across metros and Tier 2 cities in Q1 FY26, expanding its network to over 85 stores to strengthen category presence.
GIA Appoints John Cowley as Chief Financial Officer
GIA has appointed John Cowley as CFO effective April 6, 2026, succeeding David Tearle, who will retire June 30 after 17 years, ensuring leadership continuity and financial oversight.
Shringar House of Mangalsutra Expands Manufacturing Capacity with Kandivali Facility
Shringar House of Mangalsutra Limited inaugurated a 16,260 sq ft manufacturing facility in Kandivali on February 23, 2026, investing Rs 15 crore to raise annual capacity to 4,000 kg.
Union Budget 2026–27 makes strong push for MSMEs, signals stability and cautious optimism
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.
Economic Survey flags gems and jewellery impact on trade, inflation and credit
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.
GJEPC Submits Pre-Budget Policy Proposals to Finance Ministry
GJEPC submitted pre-Budget recommendations to the Finance Ministry in Mumbai on January 14, 2026, seeking duty rationalization, tax reforms and SEZ flexibility to support exports amid global trade pressures.
GJEPC launches JewelStart incubation platform at IIJS Bharat Signature 2026
GJEPC launched JewelStart on January 12, 2026, in Mumbai at IIJS Bharat Signature to create a structured incubation and acceleration platform supporting innovation, startups, and MSMEs across the gem and jewellery value chain.
IIJS Bharat Signature 2026 Off to a Flying Start
IIJS Bharat Signature 2026 opened at JWCC, Mumbai, bringing together industry leaders, and 1,600 exhibitors and global buyers; with a focus on exports, product launches, and knowledge sessions, the show is likely to set the tone for the industry for the rest of the year.
DMCC Unveils FinX Platform as DPMC 2025 Concludes with Global Industry Participation
With over 1,000 global leaders in attendance, DMCC launches FinX — an integrated ecosystem connecting commodities, capital markets and fintech — reinforcing Dubai’s growing influence in physical and digital precious metals trade.
DMCC Sets New Benchmark with World’s Largest Silver Bar and First-Ever Tokenisation Initiative
DMCC unveils a record-setting 1,971kg silver bar at DPMC, partnering with Sam Precious Metals, Tokinvest and Brink’s to introduce the world’s first regulated tokenisation of a Guinness-recognised precious metal asset.
India’s Gem & Jewellery Exports Show Resilience Despite Global Headwinds: GJEPC Chairman Kirit Bhansali
GJEPC Chairman Kirit Bhansali highlights steady April–October export performance, seasonal October softness, policy-driven competitiveness, and the real context behind gold import trends, outlining a confident growth trajectory for India’s gem and jewellery sector.
GJEPC Welcomes Export Promotion Mission as Catalyst for USD 100 Billion Gem & Jewellery Export Vision
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.
