Browsing: Associations & Councils

The All India Jewellers and Goldsmith Federation (AIJGF) met Union Minister Shri Chirag Paswan Ji to discuss concerns regarding the jewellery industry, gold demand, livelihoods, and the proposed Bullion Bank Framework aimed at reducing India’s Gold Import Bill.

AIJGF has urged the Government of India to establish a regulated Bullion Bank Framework to mobilise idle gold, reduce the Gold Import Bill, and safeguard the livelihoods of nearly 35 million people connected to the jewellery and bullion ecosystem.

India has tightened import regulations for select silver categories under the revised DGFT policy framework. The move places specific silver products under the “Restricted” category, requiring authorisation for imports meant for domestic consumption, while export-oriented imports remain exempt.

CA Surendra Mehta, National Secretary of IBJA, discusses the challenges around gold imports, Gold Monetisation Scheme (GMS), lending and borrowing regulations, and key government measures aimed at controlling CAD and reducing pressure on the rupee.

GJC organised a virtual Industry Meet on 13th May 2026 with participation from over 250 jewellers and stakeholders across India to discuss the impact of the recent import duty hike on Gold, Silver & Platinum and the future outlook of the Gems & Jewellery industry.

The All India Gem and Jewellery Domestic Council (GJC) inaugurated its new office in Mumbai on 14th May 2026, with prominent dignitaries, industry stalwarts, COA members, and policymakers attending the landmark occasion.

Swarna Shilpa Bachao Committee (SSBC) has highlighted the growing challenges faced by India’s gems and jewellery sector due to increased import duties on precious metals and weakening demand sentiment across the market.

The Natural Diamond Council has secured two major rulings from the UK Advertising Standards Authority against misleading synthetic diamond advertisements, strengthening consumer transparency and protecting the integrity of the natural diamond industry.

The Kimberley Process Intersessional 2026 concluded in Mumbai under India’s Chairship, bringing together global participants, industry leaders, and civil society representatives to discuss transparency, responsible sourcing, and the future of the natural diamond industry.

PNG Jewellers has announced Swarna Swaraj, a nation-first initiative designed to activate India’s dormant household gold reserves, reduce dependence on gold imports, and encourage responsible gold consumption through recirculation, lower-karat adoption, community outreach, and policy advocacy.