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
Festive Gifting Opportunity – Lukson | Ganesh Chaturthi & Durga Puja 2026
Jewellery That Shines As Bright As The Celebration
As India steps into one of its most celebratory seasons from Ganesh Chaturthi to Navratri and Durga Puja we wanted to reach out with a gifting and styling opportunity from Lukson, one of India’s fastest-growing lab-grown diamond fine jewellery brands, offering consciously crafted pieces across 14K gold, rose-gold vermeil, and sterling silver, backed by a lifetime buyback guarantee.
Here is how Lukson’s collections align beautifully with the festive season ahead:
Ganesh Chaturthi — Jewellery That Shines as Bright as the Celebration
Dress up for the festivities. Dress it in diamonds.
Ganesh Chaturthi calls for jewellery that feels celebratory, joyful, and a little extra. Lukson’s Sheer Drama collection inspired by the play of lace, light, and intentional negative space brings a modern, festive elegance that pairs effortlessly with traditional and fusion looks alike. From statement drop earrings to layered necklaces and delicate rings, these pieces are made for women who show up to celebrations looking and feeling their best.
Sheer Drama Collection: https://lukson.co/collections/sheer-drama
Bold Gold Collection: https://lukson.co/collections/bold-gold
Statement Necklaces: https://lukson.co/collections/statement-necklace
Drop Earrings: https://lukson.co/collections/drop-earrings
Navratri & Durga Puja — Nine Nights, Nine Looks, One Collection for All of Them
She arrives in colour. She dresses in diamonds.
Navratri and Durga Puja are the seasons of colour, dance, and dressing up and nothing completes a festive look like fine jewellery that holds its own. Lukson’s Glitch Glam collection, with its vivid coloured gemstones and gradient hues, was practically made for the nine nights. For those who prefer timeless and traditional, the Solitaire and Timeless Gold collections offer understated luxury that moves from puja to garba night without missing a beat.
Glitch Glam Collection: https://lukson.co/collections/glitch-glam
Solitaire Collection: https://lukson.co/collections/solitaire-gold
Hoop Earrings: https://lukson.co/collections/hoop-earrings
Gemstone Collection: https://lukson.co/collections/gemstone-jewellery
Stud Earrings: https://lukson.co/collections/stud-earrings
Festive Gifting Made Easy — For Her, From the Heart
The most thoughtful gift this season is the one that lasts forever.
With festive gifting on the rise, Lukson’s ready-to-gift sets and curated price-point collections make gifting decisions effortless whether for a sister, a friend, a mother, or yourself. Every Lukson piece comes with lifetime plating and a buyback guarantee, making it a gift with genuine long-term value.
Festive Gifting Opportunity – Lukson | Ganesh Chaturthi & Durga Puja 2026
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