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.
Browsing: Gold
Diane Kruger made a stunning appearance at the 79th Annual Cannes Film Festival wearing iconic Jean Schlumberger by Tiffany & Co. jewellery creations, including earrings, bracelets, and rings featuring rare pink sapphires, yellow diamonds, spinel, and multicolored sapphires.
P N Gadgil Jewellers Limited announced its audited FY26 financial results, reporting record consolidated revenue of ₹1,07,391 million, up 39.6% YoY, while Profit After Tax surged 87.8%. The company witnessed strong growth across retail, franchise, e-commerce, gold, silver, and diamond jewellery categories, alongside continued store expansion across India.
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.
India commenced the Kimberley Process Intersessional Meeting 2026 in Mumbai under its Chairship, bringing together global participants, observers, and industry stakeholders to discuss monitoring, compliance, sustainability, and consumer confidence in the natural diamond trade.
GJEPC has urged the Government to pursue sustainable solutions after the recent increase in gold import duty and Agri cess, highlighting the impact on MSMEs, exports, and working capital while proposing reforms to reduce import dependence and strengthen self-reliance.
The Government of India has revised the customs duty framework for specified gold, silver, & platinum imports along with jewellery findings, recycled precious metals, and related tariff categories through fresh Finance Ministry notifications effective 13 May 2026, creating major implications for the gems and jewellery industry.
Kalyan Jewellers has unveiled the “Nation First – Gold4India Initiative,” a strategic framework designed to activate dormant household gold reserves, reduce India’s dependence on gold imports, and strengthen domestic gold recirculation through exchange programmes, monetisation services, grassroots awareness, and wider adoption of 18K jewellery.
Malabar Gold & Diamonds has proposed strategic reforms to India’s Gold Monetisation Scheme, supporting Prime Minister Narendra Modi’s appeal for responsible gold utilisation and encouraging greater recycling, reuse, and monetisation of domestic gold reserves.
Sky Gold and Diamonds Limited has appointed MSKA & Associates LLP, a member firm of BDO International, as Statutory Auditors of the Company and its material subsidiaries, reinforcing its commitment to corporate governance, transparency, compliance, and long-term growth in the jewellery sector.
