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 India-UK CETA is going to boost exports, create new jobs in the jewellery sector, and reinforce India’s position as a global leader in jewellery craftsmanship and trade, says Kirit Bhansali, Chairman, GJEPC, in a conversation with Suneeta Kaul.

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.

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.

HRD Antwerp, Europe’s leading authority in diamond grading and certification, has officially launched its operations at the Bharat Ratnam Mega Common Facility Centre (CFC) in Mumbai.

Vummidi Bangaru Jewellers (VBJ) Since 1900, one of India’s oldest and most trusted names in fine jewellery, has announced the launch of its annual ‘Extravagant Aadi’ festival campaign. Running from 11 July to 17 August 2025, the six-week initiative celebrates the auspicious Tamil month of Aadi with a wide range of festive offers across its showrooms in Chennai and Dallas (USA)

India’s gems and jewellery sector faced a sharp setback in May 2025, with exports falling by 15.81% year-on-year. New US tariff measures and weak global demand hit key segments like cut and polished diamonds and lab-grown diamonds, even as gold jewellery showed positive growth amid geopolitical uncertainties

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

Oman's Minister of Commerce, Industry, and Investment Promotion, HE Qais Mohammed Al Yousef, recently met with top Indian jewellers in Mumbai, inviting them to establish manufacturing bases in Oman

The Indian government is pushing for revisions to the India-UAE Free Trade Agreement, following recommendations from the Global Trade Research Initiative (GTRI) to withdraw duty concessions on precious metals and jewellery

The Sri Lanka Gem and Jewellery Association (SLGJA) has issued a stark warning that the country’s gem and jewellery industry is at risk of losing its competitive edge due to high taxes, including an 18% Value-Added Tax (VAT)

Jewellery stocks continued their upward momentum for a second straight day on Wednesday as investors responded positively to the reduced customs duties

In a significant boost to the gems and jewellery industry, Finance Minister Nirmala Sitharaman announced a reduction in customs duties on precious metals. The customs duty on gold and silver has been slashed from 15% to 6%, while the duty on platinum has been lowered from 15.4% to 6.4%

GJEPC Chairman Shri Vipul Shah presented key recommendations for the gem & jewellery trade at today's pre-budget meeting with Union Finance Minister Smt. Nirmala Sitharaman