National News
CEPA completes 3 years; powering India-UAE trade and economic ties
Bilateral gem and jewellery trade surged from US$ 20.88 billion in FY2022 to US$ 28.15 billion in FY2024, reflecting a robust 35% increase
The *Comprehensive Economic Partnership Agreement (CEPA)* between *India and the UAE*, formalised on 18th February 2022, has profoundly strengthened economic ties between the two nations. As we commemorate its third anniversary, it is evident that CEPA has significantly enhanced trade opportunities, particularly for India’s gem and jewellery industry.
Since CEPA’s implementation, trade between India and the UAE has witnessed remarkable growth. The bilateral gem and jewellery trade surged from US$ 20.88 billion in FY2022 to US$ 28.15 billion in FY2024, reflecting a robust 35% increase. India’s gem and jewellery exports to the UAE also soared by over 60%, from US$ 4.95 billion in FY2022 to US$ 8.04 billion in FY2024.
Notably, UAE’s share in India’s total exports rose from 13% in FY2022 to 25% in FY2024, overtaking Hong Kong as India’s second-largest export market. This underscores the transformative impact of CEPA on India’s trade dynamics.
One of the most significant benefits of CEPA has been the duty-free access for all gem and jewellery products, including gold, silver, and platinum jewellery, along with polished diamonds and gemstones.This development has motivated Indian exporters to increase their supply of various gem and jewellery items to the UAE, capitalising on the enhanced market access provided by the agreement.
This policy shift has led to substantial growth in key export categories:
Plain Gold Jewellery: Exports surged by 127.62%, reaching US$ 4,240 million in FY2024.
Studded Gold Jewellery: Increased by over 50%, from US$ 917 million in FY2022 to US$ 1,382 million in FY2024.
Worked Lab-Grown Diamonds: Witnessed a 58.16% growth, reaching US$ 172 million in FY2024.
Platinum Jewellery: Recorded a staggering 820.87% increase, reaching US$ 23 million.
Coloured Gemstones: Grew by 17.19% to US$ 9.34 million
*Kirit Bhansali*, Chairman, GJEPC, said, “The India-UAE CEPA has propelled our gem and jewellery exports to new heights, growing by over 60% from US$ 4.95 billion in FY2022 to US$ 8.04 billion in FY2024. The UAE now accounts for nearly a quarter of India’s total gem and jewellery exports, surpassing Hong Kong. The duty-free advantage has unlocked immense opportunities, particularly in plain gold jewellery, which saw a 127% surge. As we celebrate three years of CEPA, we remain committed to strengthening this vital partnership and exploring new avenues for growth.”
National News
Maharashtra Industries Minister unveils GJC Diwali Edition 2026 at JWCC, Mumbai
10th edition of the GJS brings together jewellers, designers, buyers, and industry leaders from across India and abroad.
GJC proudly inaugurated the 10th edition of the India Gem & Jewellery Show (GJS 2026 Diwali Edition), celebrated as #HumaraApnaShow—India’s most premium B2B jewellery exhibition—at the iconic Jio World Convention Centre, Mumbai. Inaugurated today, the show will continue until October 4, 2026, bringing together jewellers, designers, buyers, and industry leaders from across India and abroad.
The grand inauguration ceremony was graced by Chief Guest Uday Samant , Cabinet Minister for Industries and Marathi Language, Government of Maharashtra, along with Guest of Honour. Srinivas Injeti, Chairman, IAGES, Mahesh Jain, President, UP Sarafa Association, and Special Guest. Rajiv Jain, Chairman, JJS. Present were Rajesh Rokde, Chairman GJC; Avinash Gupta, Vice Chairman GJC; Saiyam Mehra, Convenor GJS and Past Chairman GJC; along with members of the GJC Committee of Administration and other senior industry leaders, underscoring the collective strength and unity of India’s jewellery fraternity.
- Uday Samant said: “It is a privilege to inaugurate the 10th edition of the India Gem & Jewellery Show (GJS), a platform that reflects the strength, creativity, and resilience of India’s jewellery industry. Maharashtra has always been a hub for trade and craftsmanship, and GJS showcases how tradition and innovation can come together to drive growth. I congratulate GJC for creating this world-class exhibition and for their continued efforts to empower jewellers, entrepreneurs, and artisans across the country.”
- On the occasion Rajesh Rokde, said “The inauguration of the 10th edition of GJS marks a milestone moment for India’s jewellery industry. With the blessings of our esteemed Chief Guest, Shri Uday Samant Ji, Cabinet Minister for Industries and Marathi Language, Government of Maharashtra, and other dignitaries, this edition sets the stage for jewellers to showcase innovation, strengthen business ties, and celebrate the brilliance of Indian craftsmanship. GJS continues to reaffirm India’s position as the global hub for gems and jewellery.”
- Avinash Gupta said ,: “The successful inauguration of GJS2026 reflects the resilience and vibrancy of our industry. As festive demand grows stronger, this platform will highlight innovations that cater to evolving consumer preferences while keeping heritage intact. We are proud to see GJS emerge as the ultimate sourcing destination for jewellers across India and abroad.”
- Saiyam Mehra said, ““GJS is more than an exhibition—it is a celebration of resilience, creativity, and opportunity. Today’s inauguration sets the tone for three days of networking, knowledge sharing, and recognition, including the prestigious National Jewellery Awards tomorrow. Together, we are shaping the future of the industry with confidence and vision.”
This show will be featuring diverse product categories—Gold & Silver Jewellery, Couture & Diamond studded Jewellery, Loose Diamonds, Gemstones & Pearls, Lab Grown Diamonds & Jewellery, and Allied & Machinery GJS is a tribute to India’s 5,000-year-old jewellery heritage
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