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The Latest Breaking News from GJEPC

India aiming for $100 billion gems and jewellery exports by 2040: Commerce Secretary

India has set an ambitious target of reaching USD 100 billion in gems and jewellery exports by 2040. Achieving this goal hinges on innovative practices, exceptional design leadership, and substantial value addition. A collaborative effort between government bodies and industry leaders aims to transform this sector, with a focus on…

The Economic Times

June marks strong rebound in India's gem and jewellery exports, surging 26.51% year-on-year

Overall exports for the April-June quarter remained stable despite global economic uncertainties. Lower international gold prices helped Indian exporters offer competitive pricing. The sector anticipates further growth through trade agreements and market diversification.

The Economic Times

India's gem and jewellery exports rise 26.5% in June, shining at $2.21 billion

India's gem and jewellery exports saw a significant rebound in June, increasing by 26.5 percent. Lower international gold prices and improved demand across key markets fueled this strong recovery. Gold jewellery exports, especially studded pieces, emerged as the primary growth driver for the month. Cut and polished diamonds and lab-grown…

The Economic Times

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In 1918, an empire collapsed and a 137-carat diamond vanished. More than a century later, its whereabouts may finally be known

For more than a century, the Florentine Diamond occupied a curious place in the history of famous gemstones. It was discussed in museum catalogues, historical accounts and works of fiction, yet nobody could say with certainty where it had gone. Some believed it had been stolen during the collapse of…

The Times of India

India flags off first jewellery export consignment to the UK under landmark India–UK CETA

The inaugural shipment comprises $10 million worth of gold jewellery, diamond jewellery, silver jewellery and platinum jewellery, exported by 30+ Indian exporters across six cities.

The Economic Times

India-UK FTA: Kolkata flags off first jewellery export consignment to UK under CETA

Kolkata dispatched its first jewellery export to the United Kingdom under the India-UK CETA. This marks the city's entry into the first nationwide shipment following the pact's implementation. Indian gem and jewellery exporters now have zero-duty access to the UK market. This agreement is expected to significantly boost India's jewellery…

The Economic Times

India's diamond export pain is hiding a brighter story at home

India's diamond exports have declined over recent financial years. Retail giants are increasing investments in both natural and lab-grown diamonds. This domestic focus targets a growing demand from younger Indian consumers. Retailers are expanding offerings to cater to evolving preferences for lightweight jewelry. Natural diamonds continue to hold a significant…

The Economic Times

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World MSME Day: Gem & jewellery sector calls for MSME-led innovations amid global uncertainty

Despite challenges like fluctuating gold prices and evolving consumer tastes, experts highlight opportunities in design-led, innovative practices that can work well for the gem and jewellery sector.

The Economic Times

Gems, jewellery exports dip 2.49% to USD 2,047.80 million in May: Trade body

India's gems and jewellery exports saw a dip in May. High gold prices and supply issues impacted overall shipments. Gold jewellery exports declined significantly. However, studded gold jewellery exports showed growth. Cut and polished diamonds, lab-grown diamonds, and silver jewellery exports performed well. The industry is addressing challenges with the…

The Economic Times

GJEPC showcases India's craftsmanship, innovation and design at JCK Las Vegas 2026

India's Gem & Jewellery Council celebrates 21 years at JCK Las Vegas, showcasing "Brilliant Bharat." The India Pavilion highlights a shift from manufacturing to design leadership, blending heritage skills with modern aesthetics. This year's event features 33 exporters and a special India Design Gallery, emphasizing India's growing role as a…

The Economic Times

India's gems, jewellery exports down 9.07 pc in April at $2,226.45 million

India's gems and jewellery exports saw a 9.07% decline in April, totaling USD 2,226.45 million. This downturn is attributed to the West Asia conflict and uncertainties regarding US tariffs. Key segments like cut and polished diamonds, lab-grown diamonds, and gold jewellery experienced significant drops, though silver jewellery exports surged.

The Economic Times

Gold import duty hike inflates prices, raises smuggling risk: Gem & Jewellery Export Promotion Council

The Gem and Jewellery Export Promotion Council has urged the government to discuss ways to control gold imports. They state that increasing import duties only raises prices and does not reduce imports. Higher duties also encourage smuggling and increase export costs. The council suggests promoting lower-carat gold jewellery and reviving…

The Economic Times

Canada’s Diavik mine makes stunning 158-carat diamond discovery just before shutdown

The Diavik Diamond Mine in Canada recently discovered a stunning 158.20-carat yellow diamond, marking the conclusion of the mine’s 20-year history and the creation of one of the five diamonds of this size. This unique discovery took place in April 2026, shortly after the mine concluded its operational life. As…

The Times of India

India-NZ FTA: GJEPC targets 200% export growth to $50 million in 3 years

The pact offers zero-duty access, expected to boost exports from $16.61 million to nearly $50 million in three years. This agreement provides a competitive edge over China and Thailand, opening new avenues for Indian exporters in the Oceania region.

The Economic Times

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The Economic Times

India’s $85 billion gems & jewellery sector gets policy fillip, closes in on Dubai, Hong Kong

The recent FTWZ expansion by the government is expected to create more opportunities for India’s jewellery sector and elevate the country's stature as a reliable global trading hub.

Al Jazeera

Will Trump’s India tariffs shut down world’s biggest cut diamond supplier?

Two million Indian workers supply 14 out of 15 cut diamonds globally. Trump’s 50 percent tariffs could disrupt that.

The Hindu

India's gem, jewellery exports decline 11.49% to ₹22,873 crore in October

Gems and jewellery exports in India fell 11.49% to ₹22,873.19 crore ($2,748.01 million) in Oct, GJEPC data shows. CPD exports down 32.70%, LGD down 23.01%, gold jewellery up 33.48%. Demand slowdown in US & supply constraints of diamond cited as main reasons. Hoping for pick-up during Christmas.

The Hindu

Diamond city in distress

The Russia-Ukraine war that has triggered global sanctions has upset the diamond trade in Surat, affecting both demand and supply. It has resulted in factories reducing working hours and wages to craftsmen, taking the shine off a job that once guaranteed a steady income

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The Times of India

Surat clocks huge surge in direct roughs import

SURAT: The Diamond city has created a record of sorts with the import of rough diamonds directly to Surat witnessing a massive surge compared to the traditional gateway Mumbai.

The Times of India

Gold imports bounced back to 1,067 tons in 2021: Report

NEW DELHI: India's gold imports bounced back to 1,067.72 tonnes in 2021 from 430.11 tonnes during 2020 when the demand was hit due to the Covid-19 pandemic, Gem Jewellery Export Promotion Council (GJEPC) said on Thursday.

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