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
De Beers Unveils ‘Love From Dad’ Collection with Intimate Second-Piercing Diamond Designs
A Modern Expression of Love Through Delicate Natural Diamond Pieces Designed for Meaningful Everyday Styling
A quiet expression of love, the Love From Dad collection by De Beers brings a deeply personal touch to natural diamond jewellery, reimagined through delicate second piercing earrings that feel both intimate and modern. Thoughtfully designed to complement the primary piece, these accents add a subtle layer of meaning, turning an everyday ear stack into something truly sentimental.
Crafted with rare natural diamonds, each piece carries a brilliance that goes beyond its sparkle, formed over billions of years; no two diamonds are ever alike. This inherent rarity, paired with understated design, creates a timeless keepsake, an enduring reminder of love that evolves with you, yet never fades.
The Subtle Spark Climber
Delicate and intentional, this trio-inspired diamond stud design is all about quiet brilliance. Set slightly above the primary piercing, it creates a soft, ascending sparkle that feels modern yet understated. Crafted with natural diamonds, each precisely cut to maximise light, this piece offers a refined luminosity. Its balanced composition and gentle brilliance make it a timeless addition, effortlessly elevating everyday styling.
The Diamond Cluster Accent
Playful yet poised, this clustered arrangement brings multiple diamonds together in one luminous expression. Worn as a second piercing, it adds texture and dimension, transforming a classic ear stack into something more personal. Featuring natural diamonds, the clustered setting enhances brilliance through every facet, creating a richer, multi-dimensional sparkle. Its distinctive yet elegant form ensures it remains a timeless statement of individuality
The Bold Floral Stud
Inspired by organic symmetry, this floral-inspired stud blooms with character. Its intricate form contrasts beautifully with a simpler first piercing, creating a curated look that feels expressive and fresh. Set with natural diamonds, each element contributes to a radiant, cohesive sparkle. The interplay of detail and light gives it a one-of-a-kind presence, designed to endure beyond seasonal trends.
The Contemporary Ear Climber
Sculptural and striking, the ear climber redefines how diamonds are worn. Following the natural curve of the ear, it introduces a directional, fashion-forward edge to any stack. Crafted with natural diamonds, its flowing structure amplifies light across the entire silhouette, creating a continuous shimmer. The balance of bold design and classic brilliance makes it a modern heirloom in the making.
The Diamond Drop Huggies
Elegant with a hint of movement, this minimal drop design introduces fluidity into the ear stack. Sitting just below the second piercing, it softens the look with a gentle, graceful sway. Featuring natural diamonds, its simplicity allows inherent brilliance for the natural diamond to take centre stage. The effortless sparkle and refined movement ensure it remains a timeless expression of understated luxury.
The Minimal Duo Studs
Refined in its simplicity, this two-diamond composition offers a quiet yet confident statement. Positioned as a second piercing, it introduces a balanced symmetry that feels both modern and enduring. Crafted with natural diamonds, each element is thoughtfully placed to enhance light while maintaining a clean, minimal aesthetic. Its understated elegance allows it to seamlessly integrate into any ear stack, making it a timeless expression of subtle sophistication.
The Snowflake Diamond Studs
Delicate yet defined, this snowflake-inspired design captures a quiet moment of brilliance. Its intricate arrangement creates a sense of lightness and symmetry, making it a refined accent for a second piercing. Crafted with natural diamonds, each facet reflects light in a soft, diffused shimmer. The detailed composition gives it a one-of-a-kind character, while its quiet brilliance ensures lasting appeal.
The Three Diamond Line Stud
Balanced and refined, this three-diamond composition is arranged in a clean, linear formation that brings a sense of quiet structure to the ear. Worn as a second piercing, it introduces a subtle definition that complements more intricate or minimal pieces alike. Crafted with natural diamonds, each stone is precisely set to create a seamless flow of light across the design. The considered alignment and soft radiance give it a modern yet timeless appeal, making it an effortless addition to a thoughtfully curated ear stack.
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