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 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.

Concerns have emerged among African diamond-producing countries over India’s 2026 Kimberley Process chairmanship, following unresolved reform debates and procedural outcomes after the November 2025 plenary in Dubai.

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.

The Gem & Jewellery Export Promotion Council (GJEPC) has appealed to Finance Minister Nirmala Sitharaman for urgent relief measures to help the Indian gem and jewellery industry withstand the financial strain caused by the recent 50% tariff imposed by the United States, which threatens exports, jobs, and sector competitiveness.

Pramod Agrawal, Chairman of the National Gems & Jewellery Council of India (NGJCI), met the Finance Minister Nirmala Sitharaman to extend New Year greetings and discuss key proposals submitted for the Union Budget 2025-26

The Gem & Jewellery Export Promotion Council (GJEPC) is optimistic about a recovery in diamond exports despite recent declines

Indian exporters are urging the government to allocate Rs 750 crore over three years to capitalise on a $25 billion export potential in the US, as evolving trade dynamics create new opportunities

A recent joint meeting of the Jaipur Jewellery Show (JJS) and the Jewellers Association Jaipur led to several initiatives aimed at revitalizing the sector, enhancing artisan training, and ensuring the industry's competitive edge

The Gem & Jewellery Export Promotion Council (GJEPC) convened a pivotal meeting with Shri Sunil Barthwal, Commerce Secretary, to discuss and address pressing concerns affecting the Indian gems and jewellery sector

GJEPC, the representative body for India's international gem and jewelry trade, has put forth numerous suggestions to the Government in anticipation of the forthcoming budget

Malabar Gold & Diamonds latest television commercial, ‘Speak Your Heart with Mine Diamonds’, featuring their brand ambassadors Kareena Kapoor Khan and Alia Bhatt, has gone viral

The cabinet sub-committee on industries in Maharashtra has cleared proposals inviting Rs40,000 crore ($5.6 billion) in investments to the state. This includes the development of the India Gems and Jewellery Park in Navi Mumbai.

Some of the major aspects of budget representation are duty cuts primarily for gold, cut and polished diamonds, precious and semi-precious gemstones