Council urges BIS and the Government to retain the existing ₹45 hallmarking fee pending stakeholder consultation, saying enforcement and affordability should take priority over higher compliance costs. Key Highlights The All India Gem & Jewellery Domestic Council (GJC) has urged the Government of India and the Bureau of Indian Standards (BIS) to immediately review the…
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,…
Natural Diamond Industry Gets Regulatory Support as Russia Bans Use of ‘Diamond’ Terminology for Lab-Grown Stones Key Highlights In a significant development for the global diamond trade, the Government of Russia has introduced new regulations to strengthen the distinction between natural and synthetic diamonds in the retail jewellery market. The move is expected to resonate…
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…
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