National News

GIA to Launch Finished Jewellery Report in India from August; Eyes Expansion and New Surat Lab

Published

12 months ago

June 27, 2025

The Gemological Institute of America (GIA) will introduce its ‘Finished Jewellery Report’ service in India starting this August, aiming to enhance transparency and build consumer trust in the jewellery market. The report will offer detailed information on each jewellery piece, including metal type, gemstone characteristics, and any engravings.

This initiative, already active in established markets like the United States, is part of GIA’s broader strategy to expand into high-growth regions. The organization plans to extend this service to other emerging markets, including the Middle East, Southeast Asia, and Latin America.

“In India, technology and innovation are key areas of focus,” said Pritesh Patel, GIA’s Senior Vice President and Chief Operating Officer, who is set to take over as President and CEO on August 4, 2025. “This new service will help increase consumer confidence by offering greater transparency.”

GIA President and CEO Susan Jacques emphasized the organization’s commitment to education and industry engagement. “With two of our largest laboratories based in India—Mumbai and Surat—we are deeply integrated into this key market,” Jacques said. She added that GIA is planning to establish a new laboratory in Surat, on land it already owns.

GIA is also collaborating with De Beers’ Tracr platform, a blockchain-based system designed to assure the authenticity and traceability of natural diamonds. India, which accounts for 11% of global diamond consumption and is a major hub for diamond manufacturing, remains a critical market for GIA’s global operations.

GIA, a leading non-profit authority in gemology, continues to uphold rigorous standards in research, education, and gemological services to support the global gems and jewellery industry.

National News

FTA Partner Markets Offer Immense Export Opportunity For Indian Jewellery Sector: DoC

Department of Commerce Organises Focused Outreach To Boost FTA Utilisation in the Gems & Jewellery Sector

Published

38 minutes ago

June 10, 2026

JewelBuzz Spread The Buzz

India’s FTA partner countries collectively import over US$55 billion of jewellery annually; India’s current share of US$8 billion signals a large untapped opportunity.

Exporters urged to leverage preferential market access under India’s FTAs and capture a greater share of global jewellery trade.

The Department of Commerce, Ministry of Commerce & Industry, Government of India today organised a focused outreach programme on “Leveraging FTAs for the Gems & Jewellery Sector” in Jaipur, in partnership with the Gems & Jewellery Export Promotion Council (GJEPC). Exporters, manufacturers, MSMEs and other industry stakeholders participated in the programme.

The workshop is part of the Government’s sustained effort to ensure that exporters—particularly MSMEs and cluster-based enterprises—can fully capitalise on market access gains created through India’s new-generation FTAs.

India’s total exports have nearly doubled over the past twelve years, reaching an all-time high of USD 863 billion in FY 2025–26—up from USD 468 billion in FY 2014–15. Merchandise exports stood at USD 442 billion and services exports at USD 421 billion, reflecting the resilience and competitiveness of the Indian economy.

India’s FTAs have grown broader, deeper, and commercially more meaningful in recent years—covering a wider range of products, services, investment, standards, and trade facilitation. Gems & Jewellery has emerged as a leading beneficiary sector under these agreements.

FTA partner countries collectively import over US$55 billion of jewellery annually. India’s current share stands at US$8 billion—pointing to substantial headroom for growth. Rajasthan, which accounts for 97% of India’s coloured gemstone exports and has a strong presence in silver and imitation jewellery, is uniquely placed to capture this opportunity.

Addressing the gathering, Saket Kumar, Joint Secretary, Department of Commerce, said:

“India’s FTAs are strategic instruments for expanding export opportunities. Our objective is to ensure that every exporter, including MSMEs and cluster-based enterprises is equipped to utilise them.”

The programme aligns with the vision of Hon’ble Commerce and Industry Minister Piyush Goyal, who has underscored that India’s export growth strategy rests on enhanced competitiveness, improved market access, and stronger domestic manufacturing. Achieving the target of USD 2 trillion in exports by 2030 will require industry stakeholders to fully leverage the opportunities created by India’s expanding FTA network.

The Department of Commerce will continue similar engagements across key export clusters to ensure wider dissemination of FTA-related opportunities and help make India a leading global manufacturing and export hub under Viksit Bharat 2047.