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Amid PM Modi's 'no gold buy' appeal, a scheme that planned mobilisation of idle gold at homes gets spotlight
The gems and jewellery sector is urging the government to strengthen the Gold Monetisation Scheme. Industry bodies believe domestic gold mobilisation and recycling offer a better solution to foreign exchange issues. They suggest this approach over deferring gold purchases, which could impact millions of livelihoods.
PM Modi's appeal to postpone gold buying could hurt jewellery industry, says GJC
The gems and jewellery sector anticipates challenges following Prime Minister Narendra Modi's call to delay gold purchases. Industry leaders suggest unlocking existing household gold through a Gold Monetisation Scheme. This approach could reduce imports and strengthen the economy. The appeal aims to conserve foreign exchange amid West Asia's crisis. The government is urged to reconsider the decision.
Gems and jewellery exports decline over 35% in March amid global headwinds; imports rise over 16%
India gems and jewellery exports slump 35% in March 2026 as gold and diamonds weaken, while silver and platinum jewellery buck the trend with strong growth.
India's gems, jewellery exports dip 35 per cent in March on US-Iran conflict: GJEPC
India's gems and jewellery exports saw a significant drop in March, largely due to the West Asia conflict impacting logistics and insurance costs. Despite this setback, the industry is exploring opportunities to become a rough diamond trading hub. While demand weakened in some key markets, other regions provided support. The council anticipates a recovery as geopolitical tensions ease.
Titan bets on coloured gems to spur entry-level jewellery demand
India's jewelley demand remains anchored in weddings and festivals, but it's increasingly being reshaped by millennials, who are keen on lightweight designs, gemstone-led fusion pieces and craftsmanship.
How West Asia trade disruptions are affecting India’s gems and jewellery exports
Disruptions in West Asian trade routes are slowing India's gems and jewellery exports, raising logistics costs. Delays, higher insurance costs, and operational challenges impact margins.