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Gems, jewellery exports dip 2.49% to USD 2,047.80 million in May: Trade body
India's gems and jewellery exports saw a dip in May. High gold prices and supply issues impacted overall shipments. Gold jewellery exports declined significantly. However, studded gold jewellery exports showed growth. Cut and polished diamonds, lab-grown diamonds, and silver jewellery exports performed well. The industry is addressing challenges with the government.
Gems and jewellery exports dip 2.5% in May; silver and lab-grown diamonds emerge as bright spots
India gems and jewellery exports dip in May 2026 as global demand softens, but lab grown diamonds and silver jewellery see strong growth amid market shifts.
Ashoka Buildcon shares soar 14% on project win, CRISIL rating update
The company has received a Letter of Acceptance for the development of a Gems & Jewellery Park under the Public Private Partnership (PPP) mode at Raipur, Chhattisgarh
Ashoka Buildcon jumps after winning Raipur Gems & Jewellery Park PPP project
Ashoka Buildcon jumped 11.11% to Rs 137 after the company secured a public-private partnership (PPP) project from Chhattisgarh State Industrial Development Corporation (CSIDC) for the development of a Gems & Jewellery Park in Raipur.
Ashoka Buildcon gets LoA for development of gems & jewellery park in Raipur
The infra company is expected to complete the project in 5 years. The company said that the lease period is 30 years, extendable up to 90 years. The amount of premium to be paid is ₹112.40 crore, and the lease rent is 2% of ₹112.40 Crore at an escalation of 10% every 4th year.
Guru Krupa Gems & Jewellery standalone net profit declines 70.00% in the March 2026 quarter
Sales decline 84.66% to Rs 6.16 crore
India's Gems, Jewellery Exports Down 9.07% In April At $2,226.45 Million
Data from the GJEPC revealed that the overall export of cut and polished diamonds declined 19.65% in April at $890.91 million compared to $1,108.74 million for the same period last year.
India's gems, jewellery exports down 9.07 pc in April at $2,226.45 million
India's gems and jewellery exports saw a 9.07% decline in April, totaling USD 2,226.45 million. This downturn is attributed to the West Asia conflict and uncertainties regarding US tariffs. Key segments like cut and polished diamonds, lab-grown diamonds, and gold jewellery experienced significant drops, though silver jewellery exports surged.
Gems and jewellery exports fall over 9% in April amid weak demand, volatile prices
India’s gems and jewellery exports fell over 9% in April 2026, as weak global demand hit diamonds and gold while silver and platinum jewellery gained.
Government tightens rules for duty-free gold imports, caps quantity at 100 kg per licence
The Directorate General of Foreign Trade has introduced new rules for duty-free gold imports by gems and jewellery exporters. These measures include a 100 kg limit per licence and mandatory facility inspections for new applicants. Existing exporters must meet 50 percent of previous export obligations. Fortnightly performance reports are now required, enhancing oversight.
Gold import duty hike to hurt jewellery trade, spur grey market: GJC
The gems and jewellery industry is likely to face challenging times ahead following the hike in gold import duty to 15 per cent, from 4 per cent earlier, a move that could spur the grey market, the All India Gems and Jewellery Council (GJC) said on Wednesday. "Business is now going to become difficult on the back of the Prime Minister's austerity measures and following the import duty hike in bullion. What the industry fears is that this will give rise to grey market... smuggling is likely to grow, setting up a parallel economy in the country," GJC chairman Rajesh Rokde told PTI. Explaining the duty hike, Rokde said, now the import duty that includes Customs Duty, GST and Agricultural Cess will make gold costlier by around Rs 27,000 per 10 grams from the earlier Rs 13,500/10 gm. He said the GJC has called an all-associations meeting of the industry in Mumbai on Wednesday to mull over the recent policy decisions and decide on further action. Meanwhile, jewellery retailer Senco Gold
Gold import duty hike to hurt jewellery trade, spur grey market: GJC
Gold import duty hike: The Indian gems and jewellery sector anticipates difficulties following a significant increase in gold import duty to 15 percent. This move by the government is expected to encourage the grey market and smuggling. Industry leaders are meeting to discuss the implications and potential actions. Consumers may opt for lighter gold jewellery as prices rise.