Browsing: GJEPC

GJEPC has welcomed the introduction of the Taxation and Other Laws (Amendment) Bill 2026, describing it as a landmark reform that provides a 15-year income tax exemption for eligible foreign companies trading rough diamonds through India’s Special Notified Zones, paving the way for India to become a leading global rough diamond trading hub.

The United States has introduced its new Section 301 tariff regime, maintaining the additional 10% tariff on Indian gem and jewellery exports. GJEPC outlines the industry’s challenges, India’s competitive positioning, and the urgent need for tariff relief through an India–U.S. Bilateral Trade Agreement.

Shankesh Jewellers Ltd. marks a major milestone with the inauguration of its new corporate office in Mumbai. The prestigious event will be attended by Shri Motilal Oswal as Chief Guest along with distinguished leaders from GJEPC, IBJA, GJC, and the Indian gems and jewellery industry.

The International Institute of Gemology (IIG) is set to host its 32nd Convocation Ceremony on August 11, 2026, celebrating 150 graduating professionals under the theme “Human Brilliance in the Age of AI: Empowering Minds. Enriching Futures.” The event will bring together industry leaders, academicians, graduates and families while highlighting the future of gems and jewellery education.

Jaipur Jewellery Show (JJS) has unanimously elected Rajiv Jain as its new Chairman, marking a significant leadership transition. The Organising Committee also appointed Vimal Chand Surana as Patron, recognising his 19 years of distinguished leadership.

Mumbai flagged off its first jewellery export consignment to the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement (CETA), marking a historic milestone for India’s gem and jewellery industry and opening new opportunities through zero-duty market access.

The implementation of the India–UK CETA on 15 July 2026 is set to transform India’s gem and jewellery exports. GJEPC’s London Buyer-Seller Meet connects Indian exporters with UK buyers, unlocking new trade opportunities across diamonds, gemstones, silver, and lab-grown diamonds.

IIJS Bharat Premiere 2026 has commenced booth allotment with a strong response from exhibitors, reflecting growing industry confidence and anticipation for one of the world’s largest B2B gem and jewellery exhibitions scheduled in Mumbai from 5th to 10th August 2026.

Shri Jitin Prasada inaugurated the Customs Export-Import Facilitation Centre at SEEPZ-SEZ, Mumbai, a modern single-window facility designed to streamline customs processes, improve logistics and strengthen India’s export ecosystem, particularly benefiting MSME exporters.

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.