Browsing: Indian Jewellery Industry

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.

Gargi by PNGS has expanded its retail footprint with new kiosks in Kolkata and Ghaziabad, reinforcing its growth strategy across North and East India while building on a strong FY26 performance and ambitious FY27 expansion plans.

GJEPC, in partnership with SINE IIT Bombay, has launched the JewelStart Industry Innovation Challenge 2026, inviting startups across India to solve key challenges in jewellery manufacturing, AI-powered design, sustainability, automation, and digital transformation for the gems and jewellery industry.

India’s natural diamond jewellery market is rapidly expanding, driven by younger consumers, rising disposable incomes, and increasing self-purchasing among women. With India now contributing 12% of global diamond jewellery demand, the category continues to strengthen its position as a symbol of individuality, emotional value, and modern luxury.

JKS Jewels Pvt. Ltd. is set to celebrate the grand opening of its new Bengaluru office with an impressive gathering of industry leaders, dignitaries, celebrities, and jewellery stalwarts on 8th June 2026, followed by an exclusive jewellery showcase and gala evening at JW Marriott Bengaluru.

GJC and GJEPC are leading industry consultations on the Gold Monetization Scheme after a Ministry of Commerce meeting on reducing the Current Account Deficit (CAD), with stakeholder suggestions invited until 30th May 2026.

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.

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.

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.

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.