Zero-duty Entry For Diamonds To US A ‘Turning Point’: GJEPC
Kirit Bhansali states that the industry is confident that diamonds and coloured gemstones will receive full zero-duty treatment as envisaged, upon conclusion of the interim agreement
Kirit Bhansali states that the industry is confident that diamonds and coloured gemstones will receive full zero-duty treatment as envisaged, upon conclusion of the interim agreement
Kirit Bhansali states that extending duty-free import of Lab-grown Diamond (LGD) seeds and Sawn Diamonds till March 2028 is a timely and practical step
The council notes that current European Union import duties significantly constrain the competitiveness of Indian exporters
The decline reflects the continued impact of tariff-related pressures and subdued discretionary demand
As the industry enters 2026, the outlook is one of disciplined optimism anchored in wider market access, writes Kirit Bhansali, Chairman, Gem and Jewellery Export Promotion Council (GJEPC)
India’s gems and jewellery exports dropped 30.57% in October 2025 as weak global demand, high rates, supply issues and U.S. tariffs hit trade.
Gems and jewellery exports experienced a notable decline of 12.17 per cent during the fiscal year 2023-24, amounting to Rs 2,65,187.95 crore (USD 32,022.08 million), according to data from the Gem and Jewellery Export Promotion Council (GJEPC). This decrease is attributed to several factors, including high interest rates in the US and a sluggish recovery […]
The gem and jewellery trade between India and the UAE has witnessed substantial growth, particularly after the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), with approximately 30% of the total gems and jewellery imported by the emirate sourced from India, as reported by the Gem and Jewellery Export Promotion Council (GJEPC). The UAE […]