GJ Town India

  99% of Indian exports including gem & jewellery avail zero duty    Update 1: At the invitation of the Prime Minister of the United Kingdom, the Sir Keir Starmer, Prime Minister Shri Narendra Modi will pay an official visit to the United Kingdom from 23 – 24 July 2025. This will be Prime Minister Modi’s fourth visit to the UK.    During the visit, Prime Minister Modi will hold wide ranging discussions with Prime Minister Starmer on the entire gamut of India-UK bilateral relations. They will also exchange views on issues of regional and global importance. Prime Minister is also expected to call on His Majesty King Charles III.    During the visit, the two sides will also review the progress of the Comprehensive Strategic Partnership (CSP) with a specific focus on trade and economy, technology and innovation, defence and security, climate, health, education and people-to-people ties. “Means, it is most likely and virtually it is confirmed that, both...

  The luxury jewellery atelier crafted a Capsule collection   In a defining moment for Indian luxury jewellery, Zoya- India's leading luxury jewellery atelier from the Tata Group—unveils a limited-edition capsule in collaboration with globally acclaimed British designer and curator Alice Cicolini, marking the first international creative partnership for an Indian luxury jewellery atelier. Born out of deep mutual admiration of Indian craft, the capsule pays homage to enamel—one of India’s most poetic art forms in luxury.    Inspired by the architecture of Lhasa, where every layer tells a story, this collection draws from a landscape rich in form, texture, and colour Zoya, known for its industry-shifting innovation in diamonds and coloured stones, brings that same pioneering spirit to enamel in collaboration with Alice Cicolini.    In Alice—whose work traces the journey of motifs across cultures and thoughtfully weaves patterns from different geo...

  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...

  CAR benefited from the lifting of the ban on its diamond exports   Central African Republic [CAR] says ready to give Russian companies access to diamond projects the African minister said the Central African Republic benefited from the lifting of the ban on its diamond exports. The Central African Republic is ready to invite Russian companies to join projects in diamond production, CAR Trade and Industry, Minister Thierry Patrick Akoloza told official Russian media following a visit to Russia.   He answered in the affirmative to a question of whether the central African country is willing to open its doors in this sphere to Russian mining companies, including diamond miners.  The African minister said the Central African Republic benefited from the lifting of the ban on its diamond exports. "Because, without the sanctions, the country has the opportunity to develop and earn good dividends from being able to sell our mineral resources," he emphasized. ...

  Gold has recovered, Silver touched new record highs   As investors prepared for US trade-related developments, markets took a cautious approach last week. Following a brief decline below $3300, gold has recovered, and Silver has touched new record highs , Dr. Renisha Chainani, Head- Research, Augmont said, Bullion continues strong momentum as Trump imposes New Tariffs in the Weekly Blog for the period of 7 July to 11 July.   Trump said on Tuesday & reaffirmed his warning on Wednesday to impose additional tariffs on BRICS nations and released a fresh series of letters outlining duty rates of 20%–30% on smaller trading partners like the Philippines, Algeria, and Libya.   In the meantime, the minutes of the Federal Reserve's June policy meeting revealed that the majority of members projected a rate reduction later this year, with any tariff-related price increase being temporary or modest. Over the weekend, US President Donald Trump announced that an ...

  Uncertainty in trade policy that pushed up silver   Augmont Bullion presented their daily analysis and technical price front during the week [7 to 11 July]. Well until they talk about gold and the related trend yet, on the 11 July, they suggested, silver trades at a 14-year high on trade policy uncertainty!    Further Augmont viewed, due to trade policy uncertainties, silver has hit a 14-year high on global markets and a lifetime high on domestic markets, with a breakout trading above $37.5 (~Rs 110,000). In the face of growing trade tensions, demand for safe-haven assets drove gold's price up to about $3340 (~Rs 97000).    President Donald Trump indicated plans to impose blanket tariffs of 15–20% on the majority of foreign trading partners and declared a 35% tariff on Canadian goods beginning August 1. Additionally, President Trump announced this week in a letter to Brazil that the nation will be subject to a 50% duty on commodities imported ...

  A sharp decline in global diamond prices recent years   According to Ritani's internal pricing data and supplier trends, natural diamond prices have dropped 15-25% over the past year, driven by slowing global demand and increased inventory from major suppliers. Lab-grown diamonds have seen an even steeper decline, with prices down up to 70% compared to just three years ago. "These shifts are dramatic-but they're also empowering," said Ria Papasifakis, Chief Revenue Officer at Ritani.   Consumers are in the driver's seat. Whether you're shopping for a classic natural diamond or a larger lab-grown alternative, you're getting far more value for your budget today, but this won't be the case for long. Sales trends and market data are showing a shift from lab-grown diamonds back to natural diamonds, which means an increase in pricing is only a matter of time. Wise shoppers know the best time to purchase is now before prices increase. Diamond Price ...

Global Platinum jewellery market surging rebounds in Q1: PGI   Platinum Guild International (PGI), a worldwide marketing organisation dedicated to creating, expanding and strengthening consumer and trade markets for platinum jewellery, has shared its findings from its Platinum Jewellery. Business Review update for Q1 2025, highlighting strong growth across key global markets, led by a significant recovery in China.    Platinum jewellery is seeing renewed global momentum, with China leading the recovery in Q1 2025 as consumer preferences continue to shift away from gold. PGI’s Q1 update also highlights robust growth in platinum fabrication, retail sales, and strategic partner performance across key international markets.    Tim Schlick, CEO of Platinum Guild International, said: “The strong recovery we’re seeing in China’s platinum jewellery market is setting the pace for a broader global resurgence. As consumers increasingly seek meaningful, high-qua...

  India-UK Builds Trade Momentum Ahead of FTA   The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of India’s gem and jewellery industry, successfully hosted its first-ever India–UK Jewellery Buyer-Seller Meet (BSM) in London, marking a significant milestone in bilateral trade relations and jewellery sector collaboration.    Held from 8 to 9 July, 2025 at the Arsenal Executive Box, the curated event brought together 26 top-tier Indian manufacturers from key jewellery hubs including Mumbai, Jaipur, Surat, and Delhi. A carefully selected group of over 60 prominent UK buyers- including major names like H Samuel, Ernest Jones, Diamnet, Silverton, Beaverbrooks, Dillion Jewellery, and Warren James; attended the meet to explore opportunities for trade and partnership. The BSM was inaugurated by Nidhi Mani Tripathi, Hon’ble Minister (Economic) at the High Commission of India in London, alongside GJEPC Convener of International Exhibitions, Nilesh...

  The event graced by Fahad Ahmed Khan Suri   GJEPC launches SAJEX at the Curtain Raiser event in Jeddah and was graced by the esteemed Hon’ble Chief Guest, Fahad Ahmed Khan Suri, Consul General of India to Jeddah, Kingdom of Saudi Arabia [KSA], Eng Raed Ibrahim Almudaiheem, First Vice Chairman, Jeddah Chamber of Commerce, and Sheikh Ali Batarfi Al Kindi, President, Jeddah Jewellery Association, alongside the GJEPC leadership team Including Kirit Bhansali, Chairman, Nirav Bhansali, Convener, National Events, and Sabyasachi Ray, Executive Director. The Curtain Raiser in Jeddah marked a dynamic exchange between the gem and jewellery communities of India and Saudi Arabia.  The event served as a vibrant platform for sharing insights, exploring business opportunities, and discussing the immense potential of bilateral trade and collaboration between the two nations' jewellery sectors. A precursor to the main event - SAJEX 2025, scheduled during 11th -13th September, 2025....