Gems And Jewellery Sector

Gems and jewellery exports rise 9.43% to $2.95 billion in September

India's gem and jewellery exports grew by 9.43 per cent year-on-year in September to USD 2.95 billion (Rs 28,157.55 crore) despite an uncertain global trade environment, the Gem and Jewellery Export Promotion Council (GJEPC) said on Wednesday. The overall exports during September 2025 were USD 2.70 billion (Rs 23,813.91 crore), GJEPC data stated. In the first half of FY27 (April-September) the overall gems and jewellery exports reached USD 14.30 billion, up 3.07 per cent year-on-year from USD 13.87 billion. According to the data, with a semblance of normalcy returning to Dubai, exports of Plain Gold Jewellery grew by 8.76 per cent to USD 378.03 million (Rs 3,609.23 crores) in September compared to USD 347.58 million (Rs 3,072.23 crores) in the same month last year. Exports of Studded Gold Jewellery grew by 50.23 per cent to USD 812.62 million (Rs 7,759.73 crores) against USD 540.89 million (Rs 4,778.36 crores) in the same month in 2025 supported by the improved situation in Dubai,

SME tracker: Domestic cushion for gems & jewellery MSMEs amid export woes

The highly fragmented and labour-intensive industry relies on imported raw materials such as gold and rough diamonds, exposing it to demand fluctuations and geopolitical disruptions

Rising discretionary spending, formalisation key growth drivers for Titan

Titan expects rising discretionary spending, premiumisation and formalisation across categories, along with robust economic growth, to drive long-term demand for its branded products

BSE seeks clarification from Rajesh Exports on ED searches

The Bombay Stock Exchange (BSE) on Wednesday sought a clarification from gold jewellery firm Rajesh Exports Ltd over reports of searches conducted by the Enforcement Directorate (ED) at multiple locations linked to the Bengaluru-based company. The exchange's query came a day after the central agency searched nine premises connected to the firm under the provisions of the Foreign Exchange Management Act (FEMA). "The reply is awaited," Rajesh Exports said in a regulatory filing. The development marks a fresh escalation in the legal troubles surrounding the company, which is already facing allegations of a massive financial fraud levelled by the Securities and Exchange Board of India (Sebi). Rajesh Mehta, the company's Founder and Chairman, recently denied any fund diversion or wrongdoing in an interview with PTI. He said the firm would fully cooperate with the fresh forensic audit ordered by Sebi and would not challenge the market regulator's interim order against it.

Sebi cracks whip on Rajesh Exports promoter over alleged fund diversion

The market regulator barred promoter Rajesh Mehta from dealing in company securities for three years and ordered a forensic audit amid allegations of financial misstatements

Datanomics: India's gems and jewellery export growth flat in FY26

Nearly half of the pearls and precious stones coming to India were imported from UAE in FY26 (till Jan). The UAE also supplied around 23% of India's gold imports in the same period

West Asia crisis: India's gems & jewellery exports likely to lose sparkle

GJEPC says geopolitical tensions in West Asia have already cut India's gems and jewellery exports by 20%, warning the impact could reach $1.2 billion over the next three months

India-US trade deal: Gems and jewellery exports set to shine once again

Easing of US tariffs has revived demand-side confidence in India's gems and jewellery sector, raising hopes of reversing export losses and regaining momentum

India-EU FTA: India's gems & jewellery sector on par with China, Thailand

India-EU FTA brings zero-duty access for gems and jewellery, putting Indian exporters on par with China and Thailand and opening Europe's vast market

Gems, jewellery sector seeks duty cuts, GST relief ahead of Budget FY27

In a bid to strengthen India's gem and jewellery competitiveness amid a challenging trade landscape, the gems and jewellery sector has sought targeted duty rationalisation, procedural reforms and reduction in GST in the upcoming Union Budget 2026-27. The Gem and Jewellery Export Promotion Council (GJEPC), in its pre-Budget recommendations to Finance Minister Nirmala Sitharaman, has made several proposals to make Indian exports more cost-efficient and position India as a diamond trading and value-discovery centre. "The global gem and jewellery trade is undergoing a major transformation. With high US tariffs, evolving consumer preferences, and shifting global supply chains, it is imperative that India maintains its competitive edge," GJEPC chairman Kirit Bhansali said. Bhansali further noted that the pre-Budget proposals are focused on making Indian exports more cost-efficient, strengthening SEZ operations, and improving policy frameworks that encourage investment and skill ...

Festive demand boosts jewellery sector; Titan remains top analysts' pick

Titan delivered a strong quarter with its core jewellery business growing 18.8 per cent year-on-year (Y-o-Y), backed by 14 per cent like-to-like (LTL) growth.

GJEPC urges FM for relief as US tariffs hit gems and jewellery sector

The Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday met with Finance Minister Nirmala Sitharaman and sought urgent relief measures for the sector, which has been severely impacted by the recent 50 per cent tariff imposed by the US, a statement said. GJEPC stated that the resumption of India-US trade discussions is encouraging, but the immediate introduction of relief measures to help the sector survive and sustain employment is essential as the talks may take time to conclude. "We are pleased that India-US trade discussions have resumed, which is encouraging news. However, the process may take time, and until a resolution is achieved, it is essential to introduce relief measures to help the sector survive and sustain employment, the industry body stated. "We have requested allowing SEZ units to undertake reverse job work and DTA sales to keep factories and artisans engaged, extending export obligation periods for the US shipments, and providing an interest moratorium

Maha govt to launch skills courses for gems and jewellery sector: Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Tuesday said the state government will launch certificate courses at the Skills University to train skilled manpower in the gems and jewellery sector. Speaking at the inauguration of a gems and jewellery exhibition at the Jio World Convention Centre here, Fadnavis said the gems and jewellery sector has the potential to make India a global leader. He said that the initiative to provide certificate courses at the Maharashtra State Skills University (MSSU) will create manpower and ensure consistent growth of the industry. The chief minister also said that a state-of-the-art Gems and Jewellery Park is being developed at Mahape in Navi Mumbai. "The park will provide facilities to professionals and exporters, enabling a boost in exports. The government is committed to making this sector more employment-oriented in collaboration with the Gems and Jewellery Association," he noted. He said Indian jewellery has a long history and is exported t

US tariffs jolt bank stocks; Are HDFC Bank, ICICI, IndusInd Bank at risk?

Bank stocks extended losses as Nifty Bank index slipped 7% from its July peak. Analysts flag US tariff risks may hit HDFC Bank, IndusInd Bankm City Union Bank, Federal Bank

Gems, jewellery exporters seek govt relief as US tariffs hit industry

The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to provide immediate relief measures as the tariffs imposed by the United States have started hitting the industry. US tariffs of 50 per cent on Indian goods came into effect on August 27. GJEPC Executive Director Sabyasachi Ray told PTI that exporters had "front-loaded" shipments to the US, anticipating tariff action, but the unexpected penal duty has left the industry reeling. "The market will be hit further if the concerns are not addressed within a quarter. A lot of demand had already been shipped to the US market before the tariff was implemented. "Now the industry requires immediate extension of credit timelines from 90 days to say 180 days or more, moratorium in installment payment and interest equalisation to provide respite immediately," he said. Front-loading is the accelerated shipment of goods to their destination before an expected disruption, such as a tariff increase, labour strike, or othe

Gems and jewellery sector seeks RBI relief as 50% US tariffs hit exports

Facing a 50% US tariff on exports, the gems and jewellery sector has asked the RBI for loan relief and EMI support, warning of payment delays, job losses and sector-wide stress

Gems & jewellery exporters jittery over steep hike in US reciprocal tariff

Exports will be badly hit in the next couple of months until the cost impact is analysed by US consumers and Indian exporters, said industry players

Indian gems, jewellery industry calls Trump tariff 'significant burden'

Industry group urges Indian government to secure bilateral trade agreement with US

This recently listed IPO freezes at 10% lower limit; down 43% from Jan high

Shares of Blackstone-backed International Gemmological Institute India (IGI) were locked at the 10% lower circuit at Rs 366.60, also its new low on the BSE in Monday's intra-day trade.

Gems, jewellery exports fall 10.29% to $1.97 billion in Dec: GJEPC

The overall gems and jewellery exports declined 10.29 per cent year-on-year to USD 1,967.98 million (Rs 16,719.460 crore) due to geopolitical tensions and a slowdown in demand in China, GJEPC said on Friday. Gems and jewellery exports stood at USD 2,193.82 million (Rs 18,269.7 crore) in December 2023, according to data from industry apex body Gem and Jewellery Export Promotion Council (GJEPC). "The geopolitical tensions continue to affect the overall demand. The slowdown in demand in key export destinations, including China, has also impacted the shipments," GJEPC chairman Vipul Shah told PTI. The overall export of Cut and Polished diamonds (CPD) declined 10.36 per cent to USD 773.1 million (Rs 6,569.7 crores) in December compared to USD 862.48 million (Rs 7,182.53 crores) in the same period of 2023. Exports of Polished Lab Grown Diamonds fell 5.48 per cent to USD 78.93 million (in Rs 670.77 crore) against USD 83.51 million (Rs 695.48 crore) a year ago, according to provisional dat