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The Gem & Jewellery Export Promotion Council (GJEPC) has been actively addressing the concerning decline in India’s gem and jewellery exports, which witnessed a significant drop of 36% in April and 16% in May (in dollar terms). To counter this downward trend, the GJEPC has made multiple representations to the Government of India, urging it to prioritise and support e-commerce as a means of value-added exports.

Banks in India have approached the Reserve Bank of India (RBI) to establish a policy framework and guidelines for silver metal loans, following a significant increase in silver exports over the past year. With the surge in demand for silver, jewellery manufacturers have expressed the need for credit to procure silver, silver articles, and support jewellery manufacturing.

The government has decided to issue two tranches of sovereign gold bonds (SGBs) during the first half of the current financial year. The date for subscription for 2023-24 Series I is June 19-23, 2023, while for Series II is September 11-15, 2023, Reserve Bank of India (RBI) said in a statement. The issue date for Series I is June 17, while tranche’s II issue date is September 20, RBI said.

The Central Board of Indirect Taxes and Customs (CBIC) has introduced significant changes to ease the export of jewellery through courier services, aiming to streamline e-commerce activities. These modifications eliminate the need for exporters to provide specific item-level identification details and remove certain mandatory document attachments when filing the courier shipping bill.

The First Jury Round for the 15th edition of the Jewellery Eminence Awards (JEA’23) was successfully held virtually. As one of India’s renowned jewellery design competitions, JEA’23 aims to uncover and celebrate the outstanding jewellery designs created by jewellers, students, and professionals across the country.

With Father’s Day just around the corner, it’s time to appreciate the role fathers play in our lives with a gift that speaks to their personal style and enduring presence. A pair of exquisitely crafted cufflinks from the De Beers Forevermark Icon™ Collection holds the perfect symbolism to mark this occasion.

The Gem Jewellery Export Promotion Council (GJEPC) released data indicating a noteworthy 10.7% decrease in gems and jewellery exports during the month of May, amounting to Rs 22,693.41 crore (USD 2,755.90 million). Comparatively, the exports in May of the previous year stood at Rs 25,412.66 crore (USD 3,285.47 million).

A recent study conducted by Crisil Ratings, analyzing the performance of 46 gold jewellery retailers, reveals promising prospects for the upcoming fiscal year. These retailers represent approximately 25% of the revenue generated by the organized jewellery sector, which constitutes slightly over one-third of the overall market. The remaining portion consists of the highly fragmented unorganized sector.

The recycling of gold jewellery in India is poised to reach a new high this year, potentially matching the record set in 2019, according to the World Gold Council. The increasing prices of gold in the domestic market have prompted

Indian Chamber of Commerce hosted the BIMSTEC Gems & Jewellery Forum that conducted a session about “Enhancing Cooperation in the Gems & Jewellery Sector “on Wednesday, 14th June at the Hyatt Regency, Kolkata.