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
This Men’s Day, say it with Candere: Jewellery Gifts he didn’t know he needed
Candere by Kalyan Curates Contemporary Diamond, Gold and Platinum Jewellery for Meaningful Men’s Day Gifting
Finding the perfect gift for the men in our lives can often be a challenge, especially when they seem to have everything. With International Men’s Day around the corner, it is an opportunity to look beyond the usual watches, wallets and fragrances and choose something more personal and enduring. Men’s jewellery has increasingly become a part of contemporary style, with bracelets, rings, chains and ear studs emerging as versatile accessories that allow men to express their individuality. From understated everyday pieces to more distinctive designs, jewellery can add character to an outfit while reflecting one’s personal style.
This Men’s Day, celebrate the special men in your life with jewellery that is as individual as they are. From diamond bracelets and contemporary rings to platinum chains and kadas, Candere by Kalyan offers a curated selection of pieces that bring together contemporary design, versatile styling and thoughtful gifting. After all, sometimes the most meaningful way to celebrate someone is to give them something that reflects who they are — Say it with Candere.
Here’s a curated edit of Diwali gifts from Candere by Kalyan to make the occasion more memorable:
Royal Diamond Mens Bracelet
The Royal Diamond Men’s Bracelet combines the classic appeal of gold with striking diamond detailing and a distinctive black centrepiece. Its contemporary design adds a refined touch to men’s everyday styling, making it a versatile accessory for both formal and casual occasions. Pair it with a crisp shirt and tailored trousers for a polished look or style it with a casual T-shirt and jeans for a relaxed weekend ensemble. Wear it on its own for a clean, understated finish or alongside a watch for a more layered look.
Alex Diamond Mens Ring
The Alex Diamond Men’s Ring brings together a classic gold finish with contrasting black detailing and diamond accents in a contemporary design. Its distinctive appearance makes it an interesting choice for men who enjoy adding subtle yet noticeable details to their outfits. Style it with a formal shirt or a well-fitted blazer for an evening gathering or pair it with a casual ensemble to add character to everyday dressing. Keep other accessories minimal to let the ring stand out.
Luke Diamond Ear Stud for Men
The Luke Diamond Ear Stud for Men offers a contemporary take on men’s jewellery with its diamond detailing. Its compact design makes it an easy addition to everyday styling while bringing a subtle touch of sparkle to the overall look.
Pair it with a casual shirt, denim jacket or a simple T-shirt for an effortless everyday look. It can also complement a smart-casual outfit for an evening out, adding a distinctive finishing touch without overpowering the ensemble.
Jeff Platinum And Diamond Chain
The Jeff Platinum and Diamond Chain brings together the sophisticated appeal of platinum with sparkling diamond detailing. Its contemporary design offers a refined approach to men’s jewellery, making it a distinctive addition to both every day and occasion wear.
Wear it with a solid-coloured shirt or a simple T-shirt to let the chain stand out. For a more dressed-up look, pair it with a blazer or an open-collar shirt, keeping the rest of the accessories understated.
Twin Arrow Platinum Kada
The Twin Arrow Platinum Kada brings a contemporary touch to the traditional kada with its platinum finish and distinctive design. Its clean silhouette makes it an appealing choice for men who appreciate accessories that balance classic styling with a modern aesthetic.
Pair it with a kurta for a family celebration or style it with a shirt and trousers for a smart-casual look. Wear it on its own to highlight its design or alongside a watch for a more personalised approach to wristwear.
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