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GJC lauds Maharashtra Govt’s landmark Maharashtra GJ Policy 2025

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Maharashtra has become the first state in India to introduce a dedicated policy framework for the gem and jewellery sector, reflecting the government’s deep understanding of the industry’s potential to drive employment, exports, investment, and innovation. The policy is expected to attract investments worth ₹1 lakh crore and generate over 5 lakh new jobs, further strengthening Maharashtra’s economy and positioning it as a world-class jewellery hub.


The policy is designed to promote ease of doing business, support cluster development, and create large-scale employment opportunities across the state. By encouraging modernisation, technological upgradation, design innovation, and global market connectivity, it is set to transform Maharashtra into a globally competitive centre for jewellery manufacturing, trade, and design, contributing significantly to India’s vision of becoming a $5 trillion economy and the world’s third-largest economy.

Rajesh Rokade, Chairman, GJC, said:“We deeply appreciate the visionary approach of the Government of Maharashtra in formulating India’s first dedicated State Gem & Jewellery Policy. This policy reflects the government’s confidence in our industry’s contribution to employment, innovation, and inclusive economic growth. GJC stands united with the government in its mission to empower the domestic trade, strengthen infrastructure, and make India a global jewellery powerhouse.”

Avinash Gupta, Vice Chairman, GJC, added “The Maharashtra Gem & Jewellery Policy 2025 will open new horizons for investment, design, and entrepreneurship. It is a forward-looking initiative that resonates perfectly with India’s goal of becoming a $5 trillion economy. GJC pledges full cooperation to the government and will work tirelessly to ensure the successful implementation of this visionary policy.”

As the apex national body representing over 3,00,000 jewellers, artisans, manufacturers, wholesalers, and retailers across India, GJC applauds the Hon’ble Chief Minister Shri Devendra Fadnavis, the Department of Industries, and the Government of Maharashtra for their visionary leadership in launching this landmark policy.

Believing that close collaboration between government and trade is essential to unlock the full potential of the Indian jewellery sector, GJC is committed to supporting the policy’s implementation across multiple fronts — expanding skill development programs for artisans and newcomers through accredited training centres and industry partnerships; assisting in the establishment of modern manufacturing clusters with advanced technology, infrastructure, and compliance support; simplifying licensing, hallmarking, and compliance processes to ensure transparency and growth; promoting Maharashtra as a premier destination for trade, exhibitions, and design excellence; encouraging women’s participation in the workforce, entrepreneurship, and digital initiatives; and advancing ethical sourcing, recycling, and environmentally responsible business practices.

Through these efforts, GJC aims to ensure that the benefits of the policy reach jewellers at every level, from small-town retailers to large manufacturers, fostering a more inclusive, innovative, and globally competitive jewellery industry.

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Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day  

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  • Event marks 42 years of Incorporation and 16 years of Operations
  • Recently-appointed Consul-General’s first visit to the Bourse helps strengthen a century-old bond
  • Long service awards presented to outstanding employees

Bharat Diamond Bourse today marked 42 years of incorporation and 16 years since the commencement of operations at the BDB Complex in BKC with a special programme graced by H. E. Pierre Stverlynck – Consul General of Belgium in Mumbai as Chief Guest and a number of leading diamantaires.

The function was organised to celebrate the crucial roles played both by the visionaries who conceptualised the need for a centralised infrastructure to boost the diamond trade over four decades ago, and the employees who have run the daily operations in a highly efficient and professional manner. 

In his Welcome Address, BDB Vice President, Mehul Shah explained the significance of celebrating twin milestones – 42 years of incorporation and 16 years of operations. He said:

“BDB began with a vision and is now the world’s largest operational bourse, and a symbol of India’s leadership in the diamond world and excellence in every aspect of operations.”

He added, “It is significant that the Consul General of Belgium is with us on this special occasion. Antwerp and Mumbai have a very close relationship, going back more than 100 years. Today the two cities have bonds based on trust, trade and friendship. We are committed to strengthening this bond over the next century as well.” 

Congratulating the awardees he said that members may be the owners, but it is the staff who run the complex and have helped build it as the “best of the best” centres for diamonds. “Personal integrity combined with hi-tech surveillance have made BDB one of the safest places in the world,” he explained, and urged all present never to forget that “it is the soldiers who fight and win the wars.” Mr Shah offered compliments to all the awardees and congratulated Team BDB. 

Speaking on the occasion, Anoop Mehta, President BDB, welcomed Mr Stverlynck who has recently assumed charge as Consul General of Belgium in Mumbai.

“We are sure that this will be the first of many visits to our Bourse,” he said, noting that the Consulate is the nearest neighbour of the complex. 

“The BDB leadership has always enjoyed a very special relationship with the Belgian consulate,” he added, “built on the longstanding bonds between the diamond industry in our two countries.”

Mr Mehta said it was heartening that so many employees had remained loyal to the BDB for multiple years, and urged all gathered to reach out through their department heads to put forward suggestions for further changes and improvements

Mr Stverlynck, who was on his first visit to the Bourse after assuming charge as Consul General, said he was extremely impressed with the facilities available for exporters within the complex. Assuring the trade of cooperation and support, he said he was happy to be personally present to celebrate such a remarkable institution as BDB that has become a key pillar of the India diamond industry.

Congratulating the leadership for its role in steering the bourse, as well as those employees who had received long service awards, Mr. Stverlynck said:

“The consolidated knowledge and experience of so many from those at the top to a number of others who contributed in various ways, is an asset to the industry.”

Special long service awards were presented to employees who completed special milestones during the year. These included 30-year, 25-, 15-, 10- and 5-year service awards to a few employees. 

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