GJ Town India

  The members elected in the CoA Elections were regularised   The Gem & Jewellery Export Promotion Council (GJEPC) conducted its 59th Annual General Meeting (AGM) on 23rd September at 12:00 PM IST in a hybrid format, enabling members to join physically at Bharat Diamond Bourse, Mumbai, or participate virtually through video conferencing. In line with Ministry of Corporate Affairs (MCA) guidelines, members cast their votes electronically on resolutions during the remote e-voting period, held from 20th to 22nd September 2025. The Annual Report was delivered electronically and made available on the Council’s website under the Legal & Secretarial Compliances tab.    The meeting agenda included adoption of the Council’s audited financial statements for FY 2024–25, appointment of branch auditors for regional offices, and regularisation of newly elected Committee of Administration (CoA) members as Directors of the Council.    The members elected in the...

  Eye to ease pressure on export chains: GJEPC    The Gem & Jewellery Export Promotion Council (GJEPC) has warmly welcomed the GST reforms announced at the 56th GST Council meeting held on 3rd September in New Delhi under the chairpersonship of Hon’ble Union Finance & Corporate Affairs Minister, Smt Nirmala Sitharaman.    The rationalisation of GST rates across multiple sectors reflects the Government’s commitment to stimulating domestic demand, easing cost pressures, and enhancing the competitiveness of Indian industry. For the diamonds and jewellery sector, the reforms bring significant relief.    The Council’s decision to exempt imports of natural cut and polished diamonds up to 25 cents under the Diamond Imprest Authorisation Scheme (DIAS) from IGST (previously 18%) will ease working capital pressures and support manufacturers and exporters engaged in small-diamond processing.  In addition, the reduction of GST on jewellery...

  India has influence across the entire gem & jewellery value chain    According to the GJEPC, the Indian Chamber of Commerce (ICC) hosted the Diamond Conclave 2.0, themed “India Shining for the Global Stage,” with GJEPC as co-partner. The conclave, held in Kolkata on 30th August, brought together industry leaders, policymakers, and trade experts to deliberate on the challenges and opportunities shaping the future of India’s gem and jewellery sector.    In his address, Sabyasachi Ray, Executive Director, GJEPC, underscored India’s commanding position in the global diamond value chain. He noted that India processes nearly 90% of the world’s diamonds, making it the undisputed leader in cutting, polishing, and trading. “India is not only the world’s trusted hub for diamonds but is also expanding its influence across the entire gem and jewellery value chain,” Ray stated. He highlighted GJEPC’s initiatives to strengthen the sector’s competitiveness, inclu...

  C&P grew over 17% and Gold Jewellery that rises over 16%    As per the data released by the Gems and Jewellery Export Promotion Council (GJEPC), the overall gross exports of Gems & Jewellery [GJ] witnessed a spike of 15.98% to US$ 2178.24 million (Rs. 18756.28 crores) during July 2025, as compared to US$ 1878.09 million (Rs. 15700.0 crores) for the same period of previous year.   On the other hand, the overall gross imports of Gems & Jewellery witnessed a growth of 26.55% to US$1810.43 million (Rs. 15587.73 crores) in July 2025, as compared to US$1430.55 million (Rs. 11956.04 crores) for the same period of the previous year.   This massive rise is due to the expedited trade activities during July as a preventive measure against Tariff Threats kicking in August 2025 onwards. As India heads into the festive season, and following this is the holiday season in the West, a major part of the trade has already been concluded in July 2025.   ...

  Kirit Bhansali witnessed the FTA signing with a 20-member delegation    Hon’ble Prime Minister Shri Narendra Modi and UK Prime Minister Keir Starmer signed the landmark India-UK Free Trade Agreement (FTA) today-24th July 2025 at Chequers, the official country residence of the British Prime Minister. Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), was present at the ceremony as part of a special 20-member business delegation led by Hon’ble PM to UK.  The FTA is set to transform bilateral trade between the two nations, with nearly 99% of Indian exports gaining zero-duty access to the UK market. The pact is expected to significantly boost Indian gem exports across key sectors, especially plain gold and gemstone studded jewellery.     In 2024, India exported gem and jewellery (GJ) worth US$ 941 million to the UK, while imports from there stood at $2.7 billion, bringing bilateral trade in the sector to UK$ 3.6 billion. Under t...

  Exporters can now hand-carry jewellery at, T2 CSMIA   The Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with Mumbai Customs, formally inaugurated the Jewellery Hand Carriage Facilitation Centre at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Terminal 2, on 16th July 2025. The facilitation centre was inaugurated by Surjit Bhujbal, Member Customs, CBIC, in the presence of Prachi Saroop, Principal Chief Commissioner, Alok Jha, Principal Commissioner and other Customs officials.   Also present were Dnyaneshwar Patil, Development Commissioner, SEEPZ, and the leadership team of GJEPC, including Kirit Bhansali, Chairman, Shaunak Parikh, Vice Chairman, Khushboo Ranawat, Regional Chairman (West), Ajesh Mehta, Convener, Diamond Panel, Sabyasachi Ray, Executive Director, Mehul Shah, Vice President, BDB. The launch of the Hand Carriage Facilitation Centre at Mumbai Airport has been the result of GJEPC’s persistent advocacy and groundwo...

All the signatories agreed to contribute 1% of the annual revenue   The World Federation of Diamond Bourses expressed full support for the Luanda Accord, the agreement reached last week among major diamond-producing countries and trading centers to fund the promotion of natural diamonds, in a meeting in Luanda, Angola.   All the signing parties have agreed to contribute 1% of the annual revenue they generate from rough diamonds to the Natural Diamond Council’s promotion budget. The accord was signed by Botswana, Angola, Sierra Leone, Namibia, South Africa, the Democratic Republic of Congo, Antwerp World Diamond Center, the African Diamond Producers Association, Dubai Multi Commodities Center, and India’s Gem & Jewellery Export Promotion Council.    The Luanda Accord was signed a week after the WFDB Presidents’ Meeting in New York, where all parties agreed that it was imperative for the industry to join together to take action to support natural diamonds. ...

  1% of Rough Sales Revenue to Global Natural Diamond Marketing   In a watershed step to boost consumer demand for natural diamonds, GJEPC joined top diamond-producing nations and industry bodies in signing the Luanda Accord on 18th June 2025.   The signatories—including mining ministers of Angola, Botswana, South Africa, Namibia, and DRC, in collaboration with GJEPC, AWDC, DMCC and De Beers—pledged to contribute 1% of annual rough diamond revenues to fund a global marketing campaign spearheaded by the Natural Diamond Council (NDC).   The Luanda Accord signatories include, 1: H.E. Diamantino Azevedo, The Government of the Republic of Angola; 2: Honourable Bogolo Joy Kenewendo, The Government of the Republic of Botswana; 3: Honourable Kizito Pakabomba Kapinga Mulune, Government of the Democratic Republic of Congo; 4:  Honourable Gaudentia Krohne, Government of the Republic of Namibia. 5: Shaunak Parikh, Vice Chairman-Gem & Jewellery Export Promoti...

  Consul General of India, San Francisco visits the Pavilion at JCK LV   The Gem & Jewellery Export Promotion Council (GJEPC) extended a warm welcome to Dr. K. Srikar Reddy, Consul General of India, San Francisco, during his visit to the India Pavilion at JCK Las Vegas 2025, North America’s premier jewellery trade show.   Kirit Bhansali, Chairman, GJEPC, greeted Dr. Reddy at the Pavilion. Also present during the visit were Dnyaneshwar Patil, IAS, Development Commissioner, SEEPZ, Dr. Gaetano Cavalieri, President CIBJO and Sabyasachi Ray, Executive Director, GJEPC, along with others.   India continues to cement its position as a global powerhouse in the gem and jewellery [GJ] industry, and its strong presence at JCK Las Vegas 2025 is testament to this leadership.  GJEPC is spearheading India’s participation through several initiatives including the India Pavilion, the curated India Design Gallery, and the immersive India Experience Lounge.    Th...

Eco-friendly materials, reusable stalls, 100% renewable usage   World Environment Day: GJEPC advocates ‘Green Exhibitions’ with India International Jewellery Shows (IIJS) highlights two; 1: Reinforces commitment to sustainability, 2: One Earth, An IIJS Initiative -Tree Plantation Drive: Over 1 lakh trees planted!   On World Environment Day, The Gem & Jewellery Export Promotion Council (GJEPC), India’s apex trade body sponsored by the Union Ministry of Commerce & Industry, reinforces Commitment to Sustainability with Green Practices at its flagship India International Jewellery Show (IIJS) exhibitions - one of the world’s top 2 B2B Trade shows in the gem & jewellery sector.   With the theme of this year’s Environment Day focusing on “Land Restoration, Desertification and Drought Resilience,” GJEPC proudly highlights how its events actively contribute to the betterment of the planet by reducing their carbon footprint and promoting a greener tomorrow.   ...