GJ Town India

  Drop in Rupee adds to gold’s role of value for Indian buyers   Upon falling of India’s rupee, Colin Shah, MD, Kama Jewelry submit on the impact of INR hitting low and its impact on Indian gems & jewellery exports. He said, the depreciation of the Rupee over the long term is not an abrupt situation for the gold and jewellery sector.  The value of the Rupee moved from 30 per dollar in the early 1990s, progressing past 60 to 90+ in 2013. But the fall from around 60 to over 90 in the last decade is an abrupt turn of events.    Since gold is dollar-indexed, the fall of the Rupee increases the landed costs, reduces the profitability, and increases the working capital requirements.  This downtick in the peak of holiday season in the international markets comes a mild blow to Indian gems & jewellery exports. Contrastingly in the domestic market, this is further adding to gold’s role of value for Indian consumers.    The Indian ex...

  U.S. tariffs continue to strain India’s gem & jewellery sector   Refer Update1: https://gjtownindia.blogspot.com/2025/09/gjepc-leadership-meets-fm-to-seek-relief.html     Update 2: The Gem & Jewellery Export Promotion Council (GJEPC) leadership, led by Chairman Kirit Bhansali, along with Vice Chairman Shaunak Parikh and Executive Director Sabyasachi Ray, met the Hon’ble Minister of Finance and Corporate Affairs Nirmala Sitharaman today to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by the recent 50% tariff imposed by the United States.    Speaking after the meeting, Bhansali said, "We are pleased that India–U.S. 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.    We have requested allowing SEZ un...