GJEPC
GJEPC's sector saw gem and jewellery exports reach $2.30 billion in August, with studded gold jewellery exports up 51.22% year on year (Times of India, 13 Sept). Plain gold jewellery exports fell 23.90% on higher gold prices (Times of India), and a new US tariff pushes effective duties on Indian jewellery to roughly 15.5%-16% (The Hindu BusinessLine, 25 Jul).
What it means Indian plain-gold exporters face weaker demand, while UK-bound shippers gain a duty-free route.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: September exports grew 9.43% to US$2.95 billion, but April-September growth is only 3.07% at US$14.30 billion, so the recovery is recent and uneven, led by studded gold, silver and lab-grown diamonds while plain gold fell 8.81%.Reported: India's gem and jewellery exports rise 9.43% to US$2.95 billion in September, GJEPC says. April-September exports reached US$14.30 billion, up 3.07%. Studded gold jewellery (+31.31%), silver jewellery (+23.10%) and polished lab-grown diamonds (+17.08%) led growth, while plain gold jewellery fell 8.81%.Watch: Plain gold jewellery decline versus the 8.81% fall in September.
- Reported: India’s 2040 gems-and-jewellery roadmap creates a runway for retailers to build branded, design-led assortments, modernize sourcing and tap a larger skilled manufacturing base.Reported: The Commerce Department and GJEPC have outlined a 2040 roadmap to lift gems and jewellery exports from about $28 billion in 2025-26 to $100 billion, centred on branded design-led products, MSME scale-up, market access, talent and advanced manufacturing technology.Watch:
Background
From 6 stories, the newest dated 13 Sept 2026. Summary written 11 Oct 2026. Newer developments are under Latest moves.
GJEPC is the export promotion council for India's gems and jewellery sector, and it works with the Commerce Department on export policy.[1] source: NDTV Profit
Show 2 more paragraphs and 6 sources
It has said that new rough-diamond trading tax exemptions could address India's import dependence.[2] source: The Hindu BusinessLine It has also flagged GST-related gold-import sourcing issues.[3] source: ET Small Business On US duties, it says India retains an advantage over some Asian hubs but trails duty-free European and African diamond trading competitors.[4] source: The Hindu BusinessLine
In August 2026, the Commerce Department and GJEPC outlined a 2040 roadmap to raise gems and jewellery exports to $100 billion, against around $28 billion in 2025-26.[1] source: NDTV Profit The roadmap covers branded, design-led products, MSME scaling, market access, talent development, AI and 3D printing.[1] source: NDTV Profit In July 2026, a new 10% US Section 301 tariff raised effective duties on Indian jewellery imports to 15.5%-16%, on top of the existing 5.5%-6% MFN duty.[4] source: The Hindu BusinessLine Times of India reported that gem and jewellery exports rose 3.14% to $2.30 billion in August, with studded gold jewellery exports up 51.22%.[5] source: Times of India ET Retail reported July exports of $2.35 billion, up 0.38% year-on-year.[6] source: ET Retail
Sources
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In August 2026, the Commerce Department and GJEPC outlined a 2040 roadmap to raise India's gems and jewellery exports to $100 billion, up from around $28 billion in 2025-26.[1] source: NDTV Profit
More stories about GJEPC
- Kolkata flags off first zero-duty jewellery consignment to UK under India-UK CETA
- India gems & jewellery exports slip 2.49% to $2.05B in May as plain gold jewellery craters 14.75%
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