Browsing: Associations & Councils

The JewelStart Industry Innovation Challenge 2026, launched by GJEPC and SINE, IIT Bombay, invites innovators and startups to develop breakthrough solutions across the gems and jewellery value chain, from manufacturing and retail to sustainability, automation, traceability, and digital design.

GJEPC has called upon industry stakeholders to submit urgent recommendations on gold monetization, CAD reduction, promotion of low-karat jewellery, old gold recycling, export incentives, and anti-smuggling measures as part of a consolidated industry proposal to the Government of India.

HIJS 2026 concluded successfully in Hyderabad, reinforcing its position as one of South India’s leading B2B jewellery exhibitions with exceptional trade participation, strong order bookings, networking opportunities, over 180+ brands, and more than 2 million jewellery designs showcased.

The Kerala Gold and Silver Merchants Association has expressed serious concerns regarding recent statements discouraging gold purchases in India, highlighting the impact on livelihoods, trade, GDP, tax revenue, bullion imports, and the broader jewellery industry ecosystem.

GJC and GJEPC are leading industry consultations on the Gold Monetization Scheme after a Ministry of Commerce meeting on reducing the Current Account Deficit (CAD), with stakeholder suggestions invited until 30th May 2026.

India’s gold market is adjusting to a record import duty increase after the government raised gold import duty from 6% to 15% in May 2026. According to the World Gold Council, the move has widened domestic discounts, influenced ETF flows, increased smuggling incentives, and is expected to moderate gold demand during 2026.

The Organizing Committee of the 41st World Diamond Congress has welcomed Botswana and Angola joining the WFDB as Nation Affiliated Members, highlighting Africa’s growing leadership in the global diamond industry ahead of the 2026 Congress in Singapore.

OROAREZZO 2026 successfully strengthened Italy’s global jewelry manufacturing presence with increased international attendance, participation from 110 countries, strategic market engagement, and the launch of “The Global Outlook 2026” conference focused on emerging opportunities and export diversification.

India’s gem and jewellery sector recorded a 9.07% decline in exports during April 2026, with cut and polished diamonds and plain gold jewellery facing significant pressure. However, silver jewellery, platinum jewellery, studded gold jewellery, and coloured gemstones registered notable growth amid rising bullion prices and changing global demand trends.

GJEPC leadership met Maharashtra Chief Minister Shri Devendra Fadnavis to discuss key industry priorities including Maharashtra State Gem & Jewellery Policy 2025, India Jewellery Park Mumbai, single-window approvals for exhibitions, and metro connectivity for Bharat Diamond Bourse.