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The unprecedented rise in gold prices over the last three years has created significant challenges for jewellery manufacturers, including unrealised profits, increased tax burdens, working capital erosion, and inventory replacement difficulties. The Coimbatore Jewellery Manufacturers Association has highlighted these concerns and proposed practical taxation and inventory valuation reforms for immediate industry relief.

India’s gem and jewellery exports reached US$ 4.27 billion during April–May 2026. While studded gold jewellery exports grew, plain gold jewellery exports witnessed a significant decline due to gold supply constraints, rising prices, and regulatory bottlenecks. GJEPC has urged government intervention to support exporters and enhance sector competitiveness.