The Diamond Dispatch

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.

Sharjah is gearing up to host the 56th Watch & Jewellery Middle East Show from September 24 to 28, 2025, promising an expansive showcase with over 500 exhibitors from 21 countries. A hallmark of the global jewellery industry, the event will feature workshops and sessions aimed at industry professionals, alongside immersive experiences that have historically included high-stakes giveaways and stunning displays. The previous edition achieved remarkable success, yielding sales of AED 105 million and attracting 87,000 visitors. This year, newcomers from Australia, Myanmar, and Pakistan will add to the diverse mix of participants, further establishing the show’s reputation as a pivotal marketplace within the luxury sector.

Sharjah is gearing up for the 56th Watch & Jewellery Middle East Show, set to run from September 24 to 28, 2025, at the Expo Centre. With over 500 exhibitors from 21 countries, the event promises to showcase a dazzling array of luxury items, ranging from traditional goldsmithing to contemporary jewellery. Following a record-breaking 87,000 visitors in its last edition, the show will also introduce new brands from Australia, Myanmar, and Pakistan, reflecting its expanding global appeal. Attendees will benefit from workshops aimed at enhancing skills and industry leadership, reinforcing the exhibition’s commitment to professional development.

Sharjah will host the 56th Watch & Jewellery Middle East Show from 24 to 28 September 2025, featuring over 500 exhibitors from 21 countries, including first-time participants from Australia, Myanmar, and Pakistan. The event, which has evolved into a key fixture in the global jewellery landscape, attracted 87,000 visitors in its last edition, generating sales of approximately $28.6 million. Additionally, a series of workshops and seminars will provide industry professionals with insights into best practices, innovation, and emerging trends in the sector. The show promises to be a vibrant hub for luxury items and craftsmanship, inviting both trade visitors and the general public to participate.

Sharjah is gearing up to host the 56th Watch & Jewellery Middle East Show from September 24 to 28, 2025, at the Expo Centre. With over 500 exhibitors from 21 countries expected, the event illustrates its prominence in the global jewellery trade. This year, the show will introduce new brands from Australia, Myanmar, and Pakistan, enhancing its international appeal. Anticipating around 87,000 visitors, the exhibition will feature a series of workshops aimed at advancing industry knowledge, alongside spectacular displays and thrilling giveaways, solidifying its status as a premier event in the sector.