Day: 24 September 2025

An international panel at the Jewellery & Gem WORLD Hong Kong 2025 has spotlighted platinum’s growing advantages amid soaring gold prices. With increasing global demand, experts urged innovation and diversification in product offerings to capture emerging markets in Asia and the Middle East. The discussions highlighted significant opportunities for platinum in men’s jewellery and ethical sourcing practices, underscoring the metal’s potential to thrive outside traditional bridal segments. As the event showcased technological advancements and pioneering creations, industry leaders expressed optimism for platinum’s future in a competitive market.

The Indian gem and jewellery industry is pressing the Finance Minister to allow Special Economic Zones (SEZs) to produce jewellery for the domestic market in response to steep US tariffs that have drastically cut export orders. As export demand dwindles, industry leaders are seeking relief measures, including a six-month interest moratorium on US export loans and a three-month duty exemption on domestic sales, in a bid to safeguard jobs. A growing trend towards lab-grown diamonds is also noted, reflecting rising consumer preference in the US. The current situation at Mumbai’s SEEPZ underscores the urgent need for policy support to sustain jobs and production amidst challenging trade conditions.

The Gem & Jewellery Export Promotion Council (GJEPC) has urged Finance Minister Nirmala Sitharaman to allow jewellery units in Mumbai’s SEEPZ and other Special Economic Zones to produce for the domestic market amid rising demand. This comes as exporters face challenges from steep US tariffs that have significantly reduced export orders, putting over 200 local units at risk of layoffs. GJEPC leaders also requested a six-month interest moratorium on export loans to mitigate financial strains. As the sector grapples with these hurdles, the need for immediate relief measures has become increasingly urgent to preserve jobs and sustain operations.

The Indian gem and jewellery sector is urgently appealing to Finance Minister Nirmala Sitharaman for crucial support amid declining exports to the United States, attributed to recently implemented high tariffs. Key industry leaders have called for permission to produce jewellery for domestic markets in Special Economic Zones and a six-month moratorium on interest for export loans to mitigate financial strain. With exports plummeting and capacity utilization down by 40%, the sector warns of looming job losses and urges the government to extend export obligations and facilitate local production to sustain employment during these challenging times.

The Gem & Jewellery Export Promotion Council (GJEPC) has appealed to Finance Minister Nirmala Sitharaman for permission to manufacture jewellery for the domestic market within export-oriented units in Mumbai’s SantaCruz Electronics Export Processing Zone. Amidst rising US tariffs that have severely impacted exports, the industry is seeking a six-month interest moratorium on loans. With domestic demand on the rise and job losses looming, GJEPC officials emphasize the urgent need for financial relief and policy adjustments to support the struggling sector. As capacity utilisation in key processing hubs declines by 40%, the stakes for thousands of workers grow ever higher.

The Gem & Jewellery Export Promotion Council (GJEPC) has called on Finance Minister Nirmala Sitharaman to allow export-focused manufacturers in Mumbai’s SEEPZ to supply the domestic market, as job losses loom in the sector. Amid rising US tariffs that have slashed export orders, industry leaders are also seeking a six-month moratorium on interest for loans linked to US-bound jewellery exports. As demand for lab-grown diamonds surges, the GJEPC warns of a potential crisis in employment, urging swift government intervention to safeguard the livelihoods of 100,000 workers reliant on the export market.

The Gem & Jewellery Export Promotion Council (GJEPC) has urged Finance Minister Nirmala Sitharaman to implement urgent measures to support the struggling sector, as high US tariffs have led to a drastic drop in export orders. In a recent meeting, industry leaders proposed that special economic zones (SEZs) be allowed to produce jewellery for domestic markets to sustain businesses and protect jobs amid an expected job loss wave at SEEPZ. The GJEPC is also calling for a six-month moratorium on export loan interest and a temporary duty exemption to boost festive season sales, as the sector grapples with a staggering 40% decline in capacity due to increased trade barriers.

The Gem & Jewellery Export Promotion Council has formally requested that the Indian government permit export-oriented jewellery units in special economic zones to produce for the domestic market, amidst crippling U.S. tariffs that have slashed export orders. The council is also advocating for a six-month interest moratorium on export loans to ease financial pressures. With a reported 40% drop in capacity utilization at SEEPZ, industry leaders warn of potential job losses and emphasize the growing demand for lab-grown diamonds, hoping to safeguard the sector’s future while navigating these challenges.

The Gem & Jewellery Export Promotion Council (GJEPC) has urged Finance Minister Nirmala Sitharaman to allow export-oriented units in Mumbai’s SantaCruz Electronics Export Processing Zone (SEEPZ) to supply the domestic market, as a response to a significant downturn in export orders exacerbated by steep US tariffs. Industry leaders also called for a six-month interest moratorium on jewellery export loans to mitigate financial strain. With demand for lab-grown diamonds surging in both the US and India, the GJEPC emphasizes the need for immediate relief measures to protect jobs amidst a reported 40% drop in capacity utilization within SEEPZ manufacturing units.

The Jewellery Show made a vibrant return to Olympia London for its fourth year, attracting over 170 global suppliers who showcased cutting-edge designs and innovations. A highlight of this year’s event was the introduction of a new gallery level, providing emerging designers a platform and enhancing the visitor experience. The strengthened Indian Pavilion reinforced its international presence, furthering engagement with European markets. With plans for a return in 2026, the event continues to be a cornerstone of the jewellery industry in the UK.