GJC
Zero-duty entry to US for diamonds, coloured gems a 'turning point': says industry
India-US trade deal: India and the US on Saturday announced they have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.
Budget 2026 addresses key bottlenecks for gems and jewellery: Industry
The gems and jewellery sector has welcomed the Union Budget. Industry leaders state the budget is positive and growth-focused. Key bottlenecks are addressed, providing fresh momentum. Reforms in customs and SEZ sales are expected to boost manufacturing and exports. Stability in customs duty and GST is appreciated. This budget supports sustainable growth and India's position as a global jewellery hub.
Budget 2026: Custom reforms will reduce dwell time, compliance friction, say experts
The finance minister announced measures to simplify tariffs and boost domestic manufacturing.
Union Budget 2026-27: Gems, jewellery sector seeks duty rationalisation, GST cut
Budget 2026 Wishlist: India's gem and jewellery industry is pushing for significant changes in the upcoming Union Budget. The sector wants lower taxes and simpler procedures to compete globally. Proposals include reducing GST on gold and silver jewellery and streamlining customs. These reforms aim to make Indian exports more cost-effective and attract foreign buyers.
GJC asks India's gems & jewellery industry to cease business dealings with Turkey, Azerbaijan
The All India Gem and Jewellery Domestic Council (GJC) has urged the Indian gems and jewellery industry to halt business dealings with Turkey and Azerbaijan following Turkey's support for Pakistan after the Pahalgam terror attack.
Gems, jewellery sector urges govt to reduce GST to 1% in upcoming Budget
The gems and jewellery sector is urging the government for a GST reduction to 1 per cent in the upcoming Budget. With rising gold rates, the industry is finding the current GST rate burdensome. The proposed reduction would make jewellery more affordable, encourage compliance, and increase the formal economy size.
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GJC urges Union Finance Minister to cut GST on gems and jewellery; seek concessions for lab-grown diamonds
The All India Gem & Jewellery Domestic Council (GJC) has requested the Union Finance Minister to reduce GST on gems and jewellery from 3% to 1% and introduce a concessional rate for lab-grown diamonds. They also urged the government to establish state-wise nodal offices and appoint a Central Minister for the sector.
Maharashtra: GJC urges members for proper documentation of gems & jewellery to avoid poll-related hassles
All India Gem and Jewellery Domestic Council (GJC) has advised its members to ensure proper documentation for smooth movement of goods during the upcoming Maharashtra election. This includes gems, jewellery, bullion, and related items. Jewellers are urged to work with local authorities and follow all guidelines to prevent disruptions.
GJC against ban on import of rough diamond
The All India Gem and Jewellery Domestic Council (GJC) is against banning the import of rough natural diamonds until December 15, as it could lead to a rise in the price of the precious stone in the domestic market during the festive season. GJC, which represents over three lakh gem and jewelry businesses, plans to discuss the ban's potential adverse impact and may write to the government expressing their concerns.
Akshaya Tritiya: Jewellers expect pick up in sales on softening of gold prices
Indian jewellers have witnessed a rise in demand for gold on the auspicious day of Akshaya Tritiya, thanks to recent softening of gold prices. Chairmen of All India Gem and Jewellery Domestic Council (GJC) and PNG Jewellers affirmed that footfalls have been good since morning and the yellow metal is available for purchase at Rs 56,500 per 22 karats.
Hike in import duty on gold to fuel smuggling; review decision: Industry bodies
All India Gem and Jewellery Domestic Council (GJC) Chairman Ashish Pethe said: "The sudden hike in gold import duty has taken us by surprise. We understand the government's situation as regards the Indian Rupee versus the US Dollar. But this hike will put the entire industry in a spot and may encourage smuggling".
Gold hallmarking still not available in 63% districts
In the first phase, which was rolled out on June 1, 2021, hallmarking of 14, 18 and 22 carat jewellery was made mandatory. At present, out of 773 districts in the country, only 288 districts have hallmarking facilities. Gujarat, Maharashtra, Tamil Nadu and Uttar Pradesh have the highest number of districts with hallmarking facilities.
Jewellers urge FM to reduce GST rate, increase PAN card limit to Rs 5 lakh in Budget 2022
GJC has urged FM to raise the PAN card limit from Rs 2 lakh to Rs 5 lakh citing that many households in rural India do not hold PAN cards and face difficulty in arranging minimum required jewellery in times of need especially post pandemic.
BSE, GJC sign MoU on commodities, EGR market
The MoU between both entities will also explore potential business and facilitate growth by sharing knowledge and expertise to promote the launch of the India International Bullion Exchange at GIFT city IFSC.
Nearly 300,000 jewellers to strike on Monday to protest against the mandatory hallmarking process
The national task force was formed by 350 associations and federations representing all four zones of the gems and jewellery industry. The objective of this committee is to ensure a smooth implementation of mandatory hallmarking across the country.
Jewellers to go on token strike on August 23 against gold hallmarking
Mandatory gold hallmarking has come into force from June 16 in a phased manner. The government has identified 256 districts from 28 states and union territories for the phase-1 implementation.
BIS website, FAQs don't reflect key points on hallmarking: GJC writes to Piyush Goyal
In this regard, the industry body has written to Union Minister for Consumer Affairs Piyush Goyal stating that the FAQs (frequently asked questions) released by BIS on their website have a lot of ambiguity and lack clarity, due to which there is confusion, immense unrest and disruption amongst jewellers, the GJC said in a statement.
Jewellers welcome govt decision to implement hallmarking in phases
GJC has urged all jewellers to get themselves registered with the Bureau of Indian Standards (BIS).
Government urged to extend deadline for mandatory hallmarking of jewellery by one year
GJC said that according to the recent data taken from the BIS website, there are 940 assaying and hallmarking (A&H) centres spread in 245 districts across India and the number of jewellers registered with BIS are 31,585. However, the percentage of districts in several key Indian states without hallmarking centres is very high.
GJC appoints Ashish Pethe as chairman and Saiyam Mehra as vice chairman
The board also appointed Saiyam Mehra as the vice chairman. He said "There is a need for the industry to become more organized and compliant. GJC will continue to create better and newer platforms for the industry”.
Jewellers seek yet another extension for mandatory hallmarking deadline
In July 2020, due to the pandemic, the government had extended the deadline of mandatory hallmarking of gold jewellery and artefacts by more than four months to June 1, 2021, from the earlier deadline of January 15, 2021.
GJC says govt needs to address issues for smooth implementation of mandatory gold hallmarking
"We have always been supportive of mandatory hallmarking and it will help in making the industry organised, compliant and will improve the image in the eyes of the customer. It is also essential that before implementing mandatory hallmarking the valid concerns of the industry should be addressed," GJC chairman Anantha Padmanaban said in a statement.
GJC seeks reduction in gold import duty in the upcoming Union budget
Mr. Shaankar Sen, Vice Chairman, GJC, said, “The high import duty on Gold has increased socio-economic menace in the country in the form of smuggling of alarming proportions and the re-emergence of unorganized/illegal channels for procuring gold.
CBI accuses Mumbai jeweller of causing Rs 568 cr loss to banks
The CBI has registered a case against Mumbai-based P&S Jewellery and three of its directors, one of them a former director of All India Gem & Jewellery Domestic Council, for allegedly causing a Rs 568 cr loss to a consortium of eight banks including SBI, Union Bank, BoB, Andhra Bank, Vijaya Bank, Central Bank of India, Canara Bank & Syndicate Bank .
GJC seeks immediate rollback of import duty on gold
The import Duty of 12.5% and GST of 3% has made gold jewellery costlier thereby negatively impacting consumer sentiment leading to postponement of purchase decisions.
Banks cut exposure to jewellery trade sharply
Industry lobby blames PNB scam for reduced exposure; seeks govt help to ease credit flow.
Budget 2019: Gems & jewellery sector seeks cut in gold import duty to 4%
The industry is also seeking to waive off the bank commission or reduce it to 0.20 per cent, to boost digital transactions in the industry.
South revives appetite for gold; demand may rise post polls
It has now dropped to about Rs 32,000 per 10 gm level.
GJC delegation meets Election Commission, discusses harassment incidents
It has been reported that during a transit of jewellery at Coimbatore, the administrative authorities seized the jewellery.
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