Latest Gem and Jewellery Export Promotion Council News & Updates

Gem and Jewellery Council Urges Government to Reconsider Gold Import Duty Hike

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New Delhi, May 13 (IANS) The Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday urged the government to hold consultations with industry stakeholders after the recent hike in gold import duty, saying that higher duties do not reduce imports but instead lead to a rise in prices and encourage smuggling.In a statement, the council said that increasing import duties on gold has historically failed to curb imports, even as gold prices have nearly doubled in recent years without a proport…

India’s Gem and Jewellery Exports Reach $27.72 Billion in FY26

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New Delhi, April 15 (IANS) India’s gem and jewellery exports stood at $27.72 billion (about Rs 2,44,827.26 crore) in FY26, registering a marginal growth of 0.93 per cent in rupee terms, compared to Rs 2,42,559.39 crore in the previous financial year (FY25).In dollar terms, exports were recorded at $27.72 billion, reflecting a moderate decline of 3.32 per cent year-on-year.The performance comes amid a year marked by geopolitical uncertainties, evolving U.S. tariff regimes, and emerging tensions…