GJ Town India

  Global scenarios have impacted India’s GJ exports 2024-2025   India’s overall gross exports of Gem & Jewellery (GJ) remained at US$ 2582.97 million (Rs. 22340.89 crores) in the month of March 2025 is showing a growth of 1.02% (5.24% in Rs. term) as compared to US$ 2556.97 million (Rs. 21228.71 crores) for the same period previous year.   The overall gross imports of Gems & Jewellery in India registered at US$ 1939.30 million (Rs. 16783.49 crores) in month of March 2025 is showing a decline of 7.20% (-3.26% in Rs. term) as compared to US$ 2089.76 million (Rs. 17349.51 crores) for the same period previous year. Looking at the whole year’s activities for the period of April 2024 to March 2025, overall gross exports of Gems & Jewellery-India at US$ 28500.08 million (Rs. 241089.50 crores) is showing a decline of 11.72% (-9.82% in Rs term) as compared to US$ 32283.05 million (Rs. 267350.83 crores) for the same period previous year.    Equally, at...

Wishes government intervention over the tariff proposal   Top representatives of India's gems and jewellery (GJ) sector have urgently briefed Hon’ble Commerce Secretary Sunil Barthwal, IAS, on the potential repercussions of the United States' recent notice regarding reciprocal tariffs.   According to the White House, “For many years, the United States has been treated unfairly by trading partners, both friend and foe.  This lack of reciprocity is one source of our country’s large and persistent annual trade deficit in goods-closed markets abroad reduce United States exports and open markets at home result in significant imports.” In the context, India fear that, the US anticipates higher tariff of 5% to 20% on imports of gem and jewellery from India. The delegation, led by Shaunak Parikh, Vice Chairman, GJEPC, along with Adil Kotwal, President, Seepz Gem & Jewellery Manufacturers' Association (SGJMA), and Sabyasachi Ray, Executive Director, GJEPC, presented a ...