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Key Highlights After witnessing record-breaking highs in the first half of 2026, India’s bullion market has entered a phase of correction, offering cautious optimism for the jewellery industry ahead of the festive and wedding season. According to the All India Gem & Jewellery Domestic Council (GJC), while gold and silver prices remain at historically elevated…
Key Highlights India’s export ecosystem received a significant boost with the inauguration of the Customs Export-Import Facilitation Centre (CEIFC) at SDF-VIII in SEEPZ-SEZ, Mumbai. The new facility is expected to streamline customs operations, enhance logistics efficiency and strengthen trade facilitation for exporters operating from one of the country’s most important export zones. The Customs Export-Import…
Key Export Highlights India’s gem and jewellery exports stood at US$4.27 billion (₹40,398.97 crore) during April and May 2026, according to data released by the Gem & Jewellery Export Promotion Council (GJEPC). While exports declined by 6.03% in dollar terms compared to the same period last year, they recorded a growth of 3.99% in rupee…
Key Takeaways In a significant policy development for India’s gem and jewellery export industry, the International Financial Services Centres Authority (IFSCA) has expanded access to bullion imports through the India International Bullion Exchange (IIBX), allowing eligible Gem & Jewellery Export Promotion Council (GJEPC) Registration-Cum-Membership Certificate (RCMC) holders to import gold and silver via the exchange.…
Key Highlights India’s gems and jewellery industry marked a significant trade milestone on Thursday with the dispatch of the first gold jewellery shipment from Kolkata to Oman under the newly implemented India-Oman Comprehensive Economic Partnership Agreement (CEPA), opening a new duty-free export corridor for Indian jewellery manufacturers. The maiden consignment was exported by Kolkata-based jewellery…
Key Highlights India’s expanding network of Free Trade Agreements (FTAs) presents a significant opportunity for the country’s gems and jewellery sector to accelerate exports and strengthen its position in global markets, according to the Department of Commerce, Ministry of Commerce & Industry. To enhance industry awareness and utilisation of trade agreements, the Department of Commerce…
Foundation Stone Laying and Bookings Expected by End-June 2026; World’s First Dedicated Coloured Gemstone Bourse to Take Shape in Jaipur Key Highlights The Jaipur Gems and Jewellery Bourse (JGJB), a landmark initiative jointly promoted by the Gem & Jewellery Export Promotion Council (GJEPC) and the Jewellers Association Jaipur (JAJ), is poised to enter a significant…
Key Highlights The Gem & Jewellery Export Promotion Council (GJEPC) has marked its 21st consecutive participation at JCK Las Vegas 2026, showcasing India’s growing strength in jewellery manufacturing, craftsmanship, innovation and design through the India Pavilion and India Design Gallery. Held at The Venetian Expo from May 29 to June 1, the India Pavilion features…
In partnership with SINE IIT Bombay, the JewelStart Industry Innovation Challenge aims to accelerate AI, automation, sustainability and digital transformation across India’s gems and jewellery sector. Key Highlights The Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with SINE IIT Bombay, has launched the JewelStart Industry Innovation Challenge, India’s first industry-led innovation programme dedicated…
The move strengthens collaboration between the Natural Diamond Council and India’s apex gem and jewellery trade body, reinforcing industry efforts to promote natural diamonds globally. Key Highlights The Gem & Jewellery Export Promotion Council (GJEPC) has become the first industry body to progress towards membership of the Natural Diamond Council (NDC) under the Luanda Accord…
India’s natural diamond jewellery market continues to expand as younger consumers drive demand, with ownership among Indian women increasing from 11% in 2022 to 15% in 2025, according to the latest industry study. Key Highlights India’s natural diamond jewellery market is witnessing strong momentum, supported by changing consumer behaviour, rising disposable incomes and increasing self-purchase…
Bharat Diamond Bourse Postal Stamp presented to Hon. Bogolo Joy Kenewendo. Minister of Minerals and Energy, Botswana Mr. Mehul Shah, Vice President of the Bharat Diamond Bourse, presented the official stamp released by the Department of Posts, Government of India, to Hon. Bogolo Joy Kenewendo, Minister of Minerals and Energy, Republic of Botswana during his visit…
Key Highlights Gemological Science International (GSI), in collaboration with Bharat Ratnam Mega CFC, an initiative of GJEPC and supported by the commerce ministry of India, successfully conducted its next batch of “Gem Identification Masterclass”, focusing on the growing importance of gemstone education within the Indian jewelry industry. As gemstones continue to gain momentum globally, the…
Key Highlights India concluded the Kimberley Process (KP) Intersessional Meeting 2026 in Mumbai after four days of discussions focused on strengthening trust, transparency and long-term sustainability across the global natural diamond ecosystem. Held under India’s Chairship theme of Credibility, Compliance and Consumer Confidence (3Cs), the meeting brought together government representatives, industry leaders, civil society organisations…
Mr. Kirit A. Bhansali, Chairman, GJPEC is a well-known personality in the Indian diamond and jewellery industry. He is a partner in Smital Gems, a leading diamond manufacturing company based in Mumbai. With his extensive experience in the field, he has played a significant role in promoting and developing the Indian gem and jewellery industry.…
The All India Gem & Jewellery Domestic Council (GJC), representing over six lakh jewellers across India, inaugurated its new office at Trust House, Parel East, Mumbai, marking a key institutional milestone in its journey as one of India’s leading gems and jewellery trade bodies. The inauguration ceremony was attended by former Rajya Sabha Member Ajay…
Following the Government’s decision to increase gold import duty, the All India Gem and Jewellery Domestic Council has called for calm across the trade, emphasising confidence, stability, and long-term sector resilience. Senior leadership from GJC stated that the industry should avoid panic reactions and continue business operations with confidence while supporting broader economic priorities. Rajesh…
Global KP delegates receive an exclusive tour of Bharat Diamond Bourse and IDTC, highlighting India’s growing leadership in the natural diamond ecosystem. The visiting delegation attending the Kimberley Process (KP) Intersessional in Mumbai was accorded a ceremonial welcome at the Bharat Diamond Bourse (BDB), reinforcing the strategic importance of the Kimberley Process in safeguarding the…
Key Highlights India formally commenced the Kimberley Process (KP) Intersessional Meeting 2026 in Mumbai under its Chairship, bringing together representatives from KP Participant nations, Observers, industry bodies and civil society stakeholders for high-level deliberations on the future of the global natural diamond trade. The four-day meeting, being held from May 11 to May 14, marks…
Key Highlights There is a kind of business that the trade knows intimately but the public has never heard of. Kama Jewelry Private Limited is one of them. Founded on 27 May 1996 by Colin Shah — a first-generation entrepreneur from a family of doctors — Kama was built on a single principle: do the…
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