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.

India’s gem and jewellery exports record a steady recovery in the first half of FY2025–26, witnessing a growth of 3.66% to US$14.09 billion between April and September 2025 compared to US$13.60 billion in the same period last year

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.

The Gem & Jewellery Export Promotion Council (GJEPC) met on Friday to address the sharp rise in US tariffs on Indian jewellery, which now stand at 25%–32%, threatening the export segment. Discussions covered the scale of the impact, the need to explore legal and operational intricacies, and long-term strategies to protect the sector.

The MOU signing ushers commencement of work for India Jewellery Pak at Navi Mumbai. India Jewellery Park with substantial investment of Rs. 50,000 crores is expected to generate 1 lakh new jobs in the sector

Indian banks have been given permission to import gold from the UAE at a discounted duty rate under the countries' FTA, according to government officials

The opening of GJEPC’s dedicated office for Zaveri Bazaar will swiftly facilitate the local jewellery community’s concerns regarding Exports, Customs, Exhibition Permissions, MSME Support, RCMC & Membership Services, Govt. Policies, and more

Point to Gold Loan Triumph as Silver Jewelry Demand Surges Amid Festivals and Exports

In her Budget speech, the Finance Minister said that customs duty on cut and polished diamonds and gemstones would be reduced to 5% from the existing 7.5%

India has a history of family-run retail jewellery stores spread all over the country, with some of them having been in the business for over 100 years. These jewellers have to face stiff competition from corporate-run jewellery chains, which have deeper pockets and more media reach. R Sugandha finds out how the former are facing this challenge

The G & J industry has been knocking at the doors of the Government of India  for long with regard to the hallmarking issues. However, in spite of a series of discussions and meetings, clarity on the matter is still awaited

In an online meeting convened by Finance Minister Nirmala Sitharaman for union budget recommendations, GJEPC represented the budget recommendations for the gem and jewellery sector for union budget 2021

As Chennai market is re-opening, workshops and factories need to complete their orders, however due to strict lockdown, they are unable to do so

This will pave the way for officials to seize properties belonging to the firm and its owner Mohammed Mansoor Khan and, to return money to investors by auctioning them