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In response to disruptions in cargo movement linked to the Middle East crisis, the government has allowed an additional 30 days for the gems and jewellery sector to fulfil specific export and import timelines.The relaxation comes as exporters face delays in consignments to key markets in the region, which accounts for nearly 30 per cent…
MUMBAI: Gems and jewellery exports grew 4% year-on-year to $2,681 million (Rs 24,340 crore) in Feb, following the industry’s diversification into other markets, according to the Gem and Jewellery Export Promotion Council (GJEPC).Overall exports stood at $2,581 million (Rs 22,460 crore) in same month of 2025, GJEPC data showed. “Past year has been challenging for…
Lab-grown diamonds feel like a modern miracle! Stones that look just like the real thing, but without the astronomical price tag. And the story behind them is surprisingly long. Humans have been fascinated with replicating diamonds for centuries, ever since Antoine Lavoisier identified them as pure carbon in the 18th century. From early experiments in…
MUMBAI: Zero-duty access for diamonds and coloured gemstones to the US under the interim trade agreement framework will benefit the gems and jewellery sector, which was termed by industry leaders as a “critical inflection point” after bruising year for exports.The move could help reverse the sharp decline in shipments to India’s largest market, where cut…
India-EU FTA discussions concluded: India and the European Union have successfully concluded discussions for the India-EU Free Trade Agreement (FTA). The move is a significant step forward for India’s exports at a time when it is looking to diversify away from the US in the wake of President Donald Trump’s 50% tariffs.At the signing and…
India’s overall gems and jewellery exports witnessed a 4.98 per cent year-on decline to $1,883.85 million (Rs 16,978.44 crore) in December 2025, as geopolitical uncertainties hit key markets, the Gem and Jewellery Export Promotion Council (GJEPC) said on Friday.The total gem and jewellery exports stood at $1,982.62 million (Rs 16,843.87 crore) in December 2024, GJEPC…
India’s gems and jewellery exports fell sharply in October, sliding 30.57% to $2.17 billion (Rs 19,172.89 crore) compared to the same month last year, according to data released by the Gems and Jewellery Export Promotion Council (GJEPC), PTI reported.Exports in October 2024 had stood at $3.12 billion (Rs 26,237.1 crore).GJEPC chairman Kirit Bhansali said the…
MUMBAI: In a step towards liquidation of Gitanjali Gems Ltd, the company at the centre of the Rs 23,000 crore Punjab National Bank fraud case involving Nirav Modi and his uncle Mehul Choksi, a special PMLA court allowed the company’s liquidator to proceed with valuation and subsequent auction of 13 unsecured properties valued over Rs…
India’s exports to the US plunged 37.5% between May and September 2025 as sweeping tariff hikes by the Trump administration squeezed margins across major sectors, according to a report by India-based trade think tank Global Trade Research Initiative (GTRI), ANI reported.The US, India’s largest export market, saw shipments fall from $8.8 billion to $5.5 billion…
Ace gold jewellery styling like Kriti Sanon, who pairs bold statement pieces with her elegant white ensemble While so much seems to be trending this festive season, jewellery designers share that coloured gemstones, rings and bracelets remain the top picks for Dhanteras shoppers. Rings with a splash of colour, ring stacks, tennis bracelets and dainty…
