Key Highlights India’s gem and jewellery export sector will continue to face an additional 10% U.S. tariff under the newly implemented Section 301 tariff regime. However, the country has secured placement in the lower tariff band compared with several competing manufacturing and trading hubs, according to the Gem & Jewellery Export Promotion Council (GJEPC). The…
The All India Gem and Jewellery Domestic Council (GJC) says the new U.S. tariff could impact India’s jewellery export competitiveness and urges swift diplomatic engagement. The All India Gem and Jewellery Domestic Council (GJC) has expressed concern over the United States government’s decision to impose a 10% tariff on imports from India under Section 301,…
Key Highlights India’s gem and jewellery export sector staged a strong recovery in June 2026, with exports rising 26.51% year-on-year to US$ 2.21 billion, signalling renewed momentum after a challenging global trade environment. The rebound was driven by stronger international demand for gold jewellery, natural diamonds, lab-grown diamonds and platinum jewellery, supported by lower gold…
Key Highlights Fresh from being elected as the first Indian President of the World Federation of Diamond Bourses (WFDB), Mehul Shah has outlined an ambitious roadmap aimed at strengthening consumer confidence in natural diamonds, improving transparency across the global supply chain, and expanding the federation’s international reach. Rather than viewing his appointment as a personal…
Key Highlights The Jaipur Jewellery Show (JJS), one of India’s most prestigious gem and jewellery exhibitions, has entered a new phase of leadership with the unanimous election of Rajiv Jain as Chairman of the Jaipur Jewellery Show Organising Committee. Rajiv Jain succeeds Vimal Chand Surana, who has guided Jaipur Jewellery Show for the past 19…
The All India Gem & Jewellery Domestic Council (GJC) and SGL (Solitaire Gemmological Laboratories) have signed a strategic Memorandum of Understanding (MoU) to launch the SGL Pavilion at the GJS Diwali Edition 2026, introducing a dedicated platform focused on diamond certification, technology and trusted manufacturing. Scheduled to be held from 2–4 October 2026 at the…
Key Highlights The India–UK Comprehensive Economic and Trade Agreement (CETA) officially moved from policy to implementation as Mumbai flagged off India’s first jewellery export consignment to the United Kingdom, marking a defining milestone for the country’s gem and jewellery industry. For Indian jewellery exporters, the development represents much more than the ceremonial dispatch of export…
Key Highlights In a significant development for India’s diamond trade, the country has hosted its first international pre-auction diamond viewing event, marking a new chapter in its journey towards becoming a global diamond trading hub. The four-day event, organised by Rapaport Corporation, USA, in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC), is…
Key Highlights Strengthening access to professional gemstone and jewellery certification services, IIGJ Lab, a project of the Gem & Jewellery Export Promotion Council (GJEPC), has inaugurated a new Collection Centre at the premises of the Jewellers Association of Jaipur in Johari Bazar. The initiative is aimed at making internationally recognised gemstone, diamond, pearl and jewellery testing…
Key Highlights In a significant achievement for India’s diamond industry, Mehul Shah, Vice President of Bharat Diamond Bourse (BDB), has been elected President of the World Federation of Diamond Bourses (WFDB) during the ongoing World Diamond Congress in Singapore. The election marks a major milestone for the Indian diamond sector, placing an Indian industry leader…
Key Highlights Bollywood actor Aamir Khan has once again highlighted the appeal of rare natural gemstones, choosing a bespoke Madagascar ruby wedding ring crafted by luxury jewellery brand QWEEN for his marriage to Gauri Spratt. Unlike celebrity weddings known for grandeur and extravagance, the couple opted for an intimate ceremony at Aamir Khan’s Bandra residence,…
Key Highlights With the India–UK Free Trade Agreement (FTA) set to come into force on 15 July 2026, the Gem & Jewellery Export Promotion Council (GJEPC) has inaugurated the second edition of the India–UK Buyer-Seller Meet (BSM) in London, bringing together 20 leading Indian gem and jewellery manufacturers and prominent UK buyers for two days…
Key Highlights Bharat Diamond Bourse (BDB) has strengthened its engagement with Italy’s diamond and jewellery industry following a high-level meeting with H.E. Mr. Walter Ferrara, Consul General of Italy in Mumbai. The discussions focused on enhancing bilateral trade, improving ease of doing business and identifying policy reforms that could further strengthen commercial ties between the…
Key Highlights India’s lab-grown diamond jewellery sector received a significant boost as Limelight Diamonds announced the successful completion of a ₹275 crore strategic funding round. The investment will support the company’s plans to strengthen manufacturing capabilities, expand its retail footprint and enhance product innovation as it accelerates growth across the country. The funding round was…
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 Reinforcing the importance of industry-academia collaboration, Gemological Science International (GSI) has expanded its partnership with Dr. Homi Bhabha State University through an internship programme that provides chemistry students with practical exposure to advanced gemological laboratories and scientific instrumentation. The initiative enables students to bridge classroom learning with real-world laboratory practices by working alongside…
Key Highlights Demonstrating the power of collective social responsibility, Bharat Diamond Bourse (BDB) achieved a historic milestone by collecting a record-breaking 801 units of blood during a single-day blood donation drive held within the Bourse premises on 17 June 2026. The initiative was organised in response to an urgent appeal from leading hospitals and blood…
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.…
