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Curbs On Silver Jewellery With Cheap Diamonds Until June 30, 2026

Efforts To Protect The Local Jewellery Sector Amid Global Demand Weakness

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The Indian government has imposed temporary restrictions on imports of silver jewellery studded with inexpensive diamonds, changing the policy from “free” to “restricted” until June 30, 2026. Issued by the DGFT, the move aims to curb surging inflows—primarily from ASEAN countries—that are hurting domestic producers. This builds on earlier restrictions on gold, silver, and platinum jewellery extended until April 30, 2026, as part of efforts to protect the local jewellery sector amid global demand weakness and declining exports.

With rising gold prices and cultural shifts, India has seen strong demand for silver jewellery across both urban and rural markets. But the country is heavily dependent on imports to meet its silver requirements, as domestic production remains limited. India sources silver primarily from countries such as Mexico, China, Peru and Australia, often in the form of dore or refined bullion. 

Trade data from the GJEPC showed a sharp contraction in October 2025, with gross exports falling 30.57% year on year to $2.17 billion. Imports also declined by 19.2% to $1.27 billion during the month.

The slowdown was driven by weaker demand across key markets such as the US, Europe and China, along with global economic moderation. Currency fluctuations and elevated gold and diamond prices further added to cost pressures for exporters.

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National News

MMTC-PAMP Relaunches Digital Gold & Silver Offering, Democratizing Access To Precious Metals Investment

MMTC-PAMP Strengthens Its Digital Investment Platform With Secure, Accessible And Transparent Gold And Silver Offerings Starting At Rs 10

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MMTC-PAMP, India’s only London Bullion Market Association (LBMA) Good Delivery gold and silver refiner, has relaunched its digital gold and silver offering, strengthening the company’s position for investors and customers seeking a convenient, transparent and secure way to invest in the purest gold at 24K, as well as purest silver, both at 999.9+ purity.

Catering to the evolving consumer preferences, particularly among young and first-time investors, who are increasingly adopting digital avenues for gold and silver investment, this digital platform provides all the benefits to consumers, with a value-addition of transparency, 24×7 accessibility, assured purity and an entry point gold and silver investment going as low as Rs 10.

Commenting on the relaunch of the digital offering, Samit Guha, Managing Director & CEO, MMTC-PAMP said, “Digital gold and silver is increasingly becoming a preferred mode of purchase in the precious metals industry, particularly among young and first-time investors who value accessibility, flexibility and transparency. With this relaunch, our focus is to maintain the trust of physical gold and silver with the convenience of digital platforms. Every investment is backed by the purest silver and gold, stored in insured, secured, bank-grade vaults, enabling consumers to participate in precious metals investment with confidence, while retaining the option of liquidity or physical redemption based on their needs.”

MMTC-PAMP’s digital gold and silver service enables customers to invest in precious metals starting as low as Rs 10, where every unit purchased is backed by physical gold and silver of the same amount, which is stored in secured, fully insured, bank-grade vaults. The offering combines ease of access with the assurance of purity and ownership, with holdings maintained in the customer’s name and regularly audited by an independent third-party auditor.

Consumers can buy, sell, gift or redeem their investment seamlessly. The platform allows users to redeem their holdings at the real-time market prices with direct bank transfers or convert their digital balance into physical gold and silver in the form of minted coins and bars. Additionally, digital gold and silver can be purchased directly on MMTC-PAMP’s website or Android app, or through a partner transacting platform like Paytm, Google Pay, PhonePe, among others.

Digital gold and silver continue to gain traction as a preferred investment option due to its flexibility, liquidity and accessibility. It allows a democratic entry to secure financial future with the precious metals’ inherent value as a safe haven asset, eliminates storage concerns, and offers a practical entry point for small-ticket investors.

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