Jewellery industry flags tax, duty and regulatory priorities ahead of Budget 2026
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 Presents $100 Billion Export Roadmap for India’s Gem & Jewellery Sector to Prime Minister Narendra Modi
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.
Budget 2025-26 has put India on the Growth Path, Industry Leaders say
Industry leaders have praised the Union Budget for boosting consumer demand through tax reforms, increasing disposable income, and supporting economic growth
Investors Turn to Gold ETFs Amid Absence of Sovereign Gold Bonds and Favorable Tax Changes
Investors are increasingly turning to gold ETFs amid the lack of new Sovereign Gold Bonds, driven by favorable tax changes and geopolitical uncertainties
DGFT Encourages GJEPC to Promote Jewellery Exports via E-commerce
India will target gold jewellery exports of USD 25 billion by 2030: Vipul Shah, Chairman, GJEPC, at the India Gold & Jewellery Summit
All India Gem & Jewellery Council Seeks Customs Duty Reduction in Pre-Budget Recommendations
The All India Gem & Jewellery Domestic Council advocates for a reduction in customs duties, presenting crucial pre-budget recommendations
Jewellers getting more inquiries for gold after RBI withdraws Rs.2,000 notes; no panic buying
Jewellers in India have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs.2,000 notes from circulation.
A citizen-friendly budget not quite jeweller friendly
One of the biggest demands of the gems and jewellery sector was for the government to bring down the customs duty on gold to 10 per cent to eliminate smuggling – but the demand went unheard yet again
Diamond Production slows down, leading to pay cuts and loss of jobs for over 10k workers
Regional chairman of the Gems & Jewellery Promotion Council, Vijay Mangukia, admitted that the production of diamond has come down by 20 to 21%
GJEPC Seeks Jewellery Repair Policy To Make India A Global Outsourcing Service Centre & Hub
Seeks 4% import duty on gold, silver & platinum; allowing sale of rough diamonds in SNZs and Zero duty on Lab Grown Diamond seeds
I-T raids on three jewellers in Ludhiana
I-T raids were conducted at nine locations, including showrooms and workshops of jewellers in Sarafa Bazar area and residences in Gurdev Nagar and Kitchlu Nagar of Ludhiana
GJC seeks reduction of GST on jewellery to 1.25% from 3%
GJC has also urged the Finance Minister to raise the PAN card limit from Rs 2 lakh to Rs 5 lakh, citing that many households in rural India do not hold PAN
IT raids on two Tamil Nadu-based jewellers
A total of 37 premises were covered in this action – the two groups engaged in retail sales of jewellery, textiles and home appliances through their popular chain of stores
CBDT raids Jaipur-based jewellery group
Around 50 premises were searched by the department during the raids launched on November 23
B V R Subrahmanyam, Commerce Secretary Assures Full Support To Gems & Jewellery Industry to Boost Exports
In an exclusive interactive session organised by the Gem and jewellery Export promotion council (GJEPC), Shri B V R Subrahmanyam, Commerce Secretary, MOC & I , Govt of India spoke to the gem and jewellery exporters on 4th September in Mumbai
