National News
GJEPC Hosting First India-UK Buyer-Seller Meet in London this July
The Gem & Jewellery Export Promotion Council (GJEPC) has announced a significant event that underscores the growing economic ties between India and the United Kingdom—the inaugural India-UK Jewellery Buyer-Seller Meet, scheduled for 8-9 July 2025, at the Arsenal Executive Box in London. This gathering, facilitated by the India-UK Free Trade Agreement (FTA), marks a pivotal moment for the jewellery trade, bringing together Indian manufacturers and UK buyers to facilitate collaboration in a market poised for growth.
The United Kingdom is a powerhouse in the global jewellery sector, projected to generate US$5.23 billion in revenue in 2025. Ranking among the top 10 importers of gold, silverware, and jewellery, the UK imported over US$3.2 billion-worth of these goods in 2022. This event, focusing on fine jewellery, silver jewellery, and lab-grown diamonds, taps into a demand that continues to rise, driven by discerning consumers and a robust retail landscape. The timing of the meet in July is strategic, aligning with the UK trade show calendar. It provides buyers an opportunity to finalise designs ahead of the Christmas season, while Indian manufacturers benefit from a 4-6 week lead time to ensure quality production and customisation.
What sets this event apart is its curated approach. GJEPC has spent months identifying 20 Indian exhibitors and over 60 prominent UK buyers, including industry giants like H Samuel, Ernest Jones, Diamnet, Silverton, Dillion Jewellery, Beaverbrooks, and Warren James among several others.
These buyers, representing major chain stores, retailers, and brands from cities like London, Birmingham, Newcastle, and Manchester, will engage in one-on-one meetings with Indian counterparts. This format ensures meaningful interactions and builds lasting partnerships.
The India-UK FTA has opened new avenues for collaboration, and this Buyer-Seller Meet is a testament to its potential. By connecting Indian manufacturers with UK buyers, the event strengthens economic bonds.
For Indian exhibitors, it’s a chance to showcase craftsmanship in a market that values quality and innovation. For UK buyers, it offers access to diverse designs and sustainable options like lab-grown diamonds, which are increasingly popular.
National News
US Demand Slowdown Hits Diamond, Apparel, Exporters As Factories Shut and Orders Dry Up
A Dual Challenge Of Softening US Demand and Unpredictable Tariff Structures Is Creating Severe Operational Strain Across India’s Export-Driven Manufacturing Sectors.
A dual challenge of softening US demand and unpredictable tariff structures is creating severe operational strain across India’s export-driven manufacturing sectors. Key industrial hubs—specifically Noida’s garment manufacturing sector and Surat’s natural diamond cutting and polishing cluster—are implementing widespread austerity measures, downsizing workforce numbers, and extending holiday shutdowns to mitigate margin erosion.
US buyers are either delaying long-term commitments or demanding steep 20–30% price discounts to absorb potential tariff costs, forcing Indian factories to absorb overheads while revenue stays locked.
Surat’s diamond polishing units have stretched traditional Diwali holiday closures to 25 days this year, compared to 15 days in the previous year. Approximately 300 small-scale diamond cutting and polishing units have shut operations over the past six months,
Demand Drivers Behind the Slump:Weakened retail consumer demand across the United States.Persistent macroeconomic softness and subdued order volumes from China, another primary export market.
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