Year: 2025

The Gem & Jewellery Export Promotion Council (GJEPC) has unveiled plans for the inaugural Saudi Arabia Jewellery Exposition (SAJEX 2025), scheduled for September 11-13 at the Jeddah Superdome. Supported by the Indian government and various organizations, the event aims to bring together over 200 exhibitors and 2,000 trade buyers, showcasing a diverse array of jewellery including diamonds, gold, and lab-grown options. Central to the exposition will be the World Jewellery Investment Forum, where industry leaders will explore the lucrative potential of Saudi Arabia’s rapidly evolving jewellery market, projected to reach USD 8.34 billion by 2030. The initiative underscores the strengthening economic ties between India and Saudi Arabia, creating a platform for collaboration in one of the region’s most promising sectors.

George at Asda is set to launch a pioneering 28-piece adaptive clothing collection on 15 September, aimed at enhancing dignity and comfort for those with additional medical needs. Inspired by the late breast cancer advocate Nicky Newman, the range features practical elements such as discreet openings for medical devices and easy fastenings. Developed in collaboration with Newman and her community over nearly two years, this collection not only meets a pressing demand for accessible fashion but also embodies a heartfelt tribute to a champion of inclusivity.

The GST Council has approved a simplified two-slab tax structure, maintaining the 3% GST rate on precious metals amidst a significant overhaul aimed at streamlining compliance and reducing disputes. This decision has been met with relief from the jewellery industry, which is buoyed by the assurance that prices will remain stable, aiding in effective pricing strategies. While the specifics of the implementation timeline are yet to be finalized, this reform marks a pivotal moment in India’s tax landscape, offering potential benefits across various sectors while safeguarding the interests of consumers and industry alike. Detailed guidelines are expected soon to clarify the transition process.

Glassware is undergoing a remarkable transformation, evolving from functional items to exquisite pieces of home décor. With Italian brands leading the way, colorful drinking glasses and elegant vases are enhancing interiors with bursts of light and personality. The artisanal craftsmanship of handblown Murano glass continues to be celebrated, exemplifying a harmonious blend of tradition and contemporary innovation. As decorative glassware takes center stage, homeowners are finding that vibrant colors and unique textures can effortlessly personalize their living spaces.

The GST Council has approved a significant reform to India’s tax structure, introducing a two-slab model while maintaining the existing 3% GST rate on precious metals. This decision aims to simplify tax compliance for businesses and addresses industry concerns about potential price hikes in jewellery, crucial for consumer stability. Although details on the implementation timeline remain under discussion, experts suggest the changes will provide a clearer framework for taxation and reduce disputes. The jewellery sector has welcomed the decision, which is expected to bolster consumer confidence amid fluctuating gold prices.

The UK government has launched a consultation aimed at overhauling its design protection system, a move designed to foster innovation while tackling abuse within the sector. Running until 27 November 2025, the consultation seeks input from various stakeholders on simplifying rules to better assist small businesses and creators. Key proposals include empowering the Intellectual Property Office to evaluate designs for novelty, addressing fraudulent applications, and adapting to the challenges posed by new technologies and Brexit. Minister for Creative Industries, Chris Bryant, emphasized the need for a user-friendly framework to support the growth of start-ups and independent designers.

The decision to maintain a 3% GST on gems and jewellery has received backing from industry stakeholders, despite the absence of direct reforms. Analysts suggest that forthcoming GST adjustments may foster increased consumer spending, indirectly benefiting the jewellery sector. Industry leaders are optimistic that rising disposable incomes and emerging aspirational trends will encourage new demographics to view jewellery as an investment, potentially driving market demand.

The government’s decision to maintain a 3% GST on gems and jewellery has received widespread support from industry stakeholders. While the lack of immediate reforms poses challenges, experts believe broader changes to GST regulations could enhance consumer spending and stimulate market growth. Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council, highlighted potential increases in aspirational purchases as jewellery emerges as a popular investment among new consumers. This shift could pave the way for a vibrant future in the gems and jewellery sector.

The Indian government’s recent decision to keep the Goods and Services Tax (GST) for gems and jewellery at 3% has elicited mixed reactions from industry leaders. While some jewellers express optimism that new reforms aimed at enhancing consumer disposable income may ultimately boost sector demand, others caution that unchanged tax rates keep costs high, potentially hindering consumer affordability. Rajesh Rokde from the All India Gem and Jewellery Domestic Council acknowledges the long-term benefits of the reforms but highlights ongoing challenges posed by input costs. As the festive season approaches, the jewellery industry hopes that increased consumer confidence will translate into aspirational purchases, despite the prevailing economic constraints.

The government has decided to maintain a 3% Goods and Services Tax on gems and jewellery, a move that has received support from industry stakeholders despite the absence of specific reforms. While immediate changes may be limited, broader GST adjustments are expected to stimulate consumer spending, potentially benefiting the jewellery market. Industry leaders believe that evolving demographics and changing consumer attitudes towards jewellery as a lifestyle investment could further drive demand, paving the way for growth in the sector.