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The Latest Breaking News from GJEPC

India's gems, jewellery exports down 9.07 pc in April at $2,226.45 million

India's gems and jewellery exports saw a 9.07% decline in April, totaling USD 2,226.45 million. This downturn is attributed to the West Asia conflict and uncertainties regarding US tariffs. Key segments like cut and polished diamonds, lab-grown diamonds, and gold jewellery experienced significant drops, though silver jewellery exports surged.

The Economic Times

Gold import duty hike inflates prices, raises smuggling risk: Gem & Jewellery Export Promotion Council

The Gem and Jewellery Export Promotion Council has urged the government to discuss ways to control gold imports. They state that increasing import duties only raises prices and does not reduce imports. Higher duties also encourage smuggling and increase export costs. The council suggests promoting lower-carat gold jewellery and reviving…

The Economic Times

Canada’s Diavik mine makes stunning 158-carat diamond discovery just before shutdown

The Diavik Diamond Mine in Canada recently discovered a stunning 158.20-carat yellow diamond, marking the conclusion of the mine’s 20-year history and the creation of one of the five diamonds of this size. This unique discovery took place in April 2026, shortly after the mine concluded its operational life. As…

The Times of India

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India-NZ FTA: GJEPC targets 200% export growth to $50 million in 3 years

The pact offers zero-duty access, expected to boost exports from $16.61 million to nearly $50 million in three years. This agreement provides a competitive edge over China and Thailand, opening new avenues for Indian exporters in the Oceania region.

The Economic Times

India’s $85 billion gems & jewellery sector gets policy fillip, closes in on Dubai, Hong Kong

The recent FTWZ expansion by the government is expected to create more opportunities for India’s jewellery sector and elevate the country's stature as a reliable global trading hub.

The Economic Times

Will Trump’s India tariffs shut down world’s biggest cut diamond supplier?

Two million Indian workers supply 14 out of 15 cut diamonds globally. Trump’s 50 percent tariffs could disrupt that.

Al Jazeera

India's gem, jewellery exports decline 11.49% to ₹22,873 crore in October

Gems and jewellery exports in India fell 11.49% to ₹22,873.19 crore ($2,748.01 million) in Oct, GJEPC data shows. CPD exports down 32.70%, LGD down 23.01%, gold jewellery up 33.48%. Demand slowdown in US & supply constraints of diamond cited as main reasons. Hoping for pick-up during Christmas.

The Hindu

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Diamond city in distress

The Russia-Ukraine war that has triggered global sanctions has upset the diamond trade in Surat, affecting both demand and supply. It has resulted in factories reducing working hours and wages to craftsmen, taking the shine off a job that once guaranteed a steady income

The Hindu

Surat clocks huge surge in direct roughs import

SURAT: The Diamond city has created a record of sorts with the import of rough diamonds directly to Surat witnessing a massive surge compared to the traditional gateway Mumbai.

The Times of India

Gold imports bounced back to 1,067 tons in 2021: Report

NEW DELHI: India's gold imports bounced back to 1,067.72 tonnes in 2021 from 430.11 tonnes during 2020 when the demand was hit due to the Covid-19 pandemic, Gem Jewellery Export Promotion Council (GJEPC) said on Thursday.

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