National News
GJEPC & IIBX achieve milestone with first duty-free gold import under advance authorization scheme
India’s First Duty-Free Gold Import Achieved via IIBX and GJEPC under DGFT’s I-Ux+ Scheme, Marking a New Era of Transparent and Regulated Bullion Trade
The India International Bullion Exchange (IIBX), in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC), has achieved a major milestone by facilitating the country’s first-ever duty-free import of gold under the Directorate General of Foreign Trade’s IU X +. This breakthrough marks a new chapter in India’s bullion market, aligning with the government’s vision to streamline bullion imports through transparent and regulated channels.
Ashok Gautam, Managing Director & CEO, IIBX, said, “We thank the Gem & Jewellery Export Promotion Council (GJEPC) for the confidence it has bestowed on us. In our endeavour to support jewellery exports from India, IIBX has successfully enabled Advance Authorisation License Holder Qualified Jewellers to import bullion. The first transaction has been successfully concluded and cleared by Customs.”
The International Financial Services Centres Authority (IFSCA), through its latest circular issued on October 10, 2025, has consolidated and updated guidelines to enable Qualified Jewellers and India-UAE CEPA Tariff Rate Quota (TRQ) Holders to import gold and silver through IIBX. The circular simplifies eligibility norms, operational procedures, and compliance requirements, making the process more inclusive and efficient.
Under this mechanism, jewellers holding DGFT’s Advance Authorisation License and notified as Qualified Jewellers by IFSCA can now import gold through IIBX without paying import duty, provided the metal is used for jewellery meant for export. The platform ensures full transparency, traceability, and regulatory compliance throughout the transaction chain-from purchase on IIBX to clearance by Customs.
The development is expected to significantly boost India’s jewellery exports by reducing input costs and improving liquidity for exporters. It also strengthens IIBX’s role as a trusted global bullion marketplace operating from GIFT City’s International Financial Services Centre (IFSC).
National News
Kalyan Jewellers: The Official Style Partner of RCB Women for WPL 2026
Partnership to blend jewellery, confidence and contemporary style as RCB Women gear up for Women’s T20 League 2026
Kalyan Jewellers, one of India’s most trusted jewellery brands, has announced its association with Royal Challengers Bengaluru Women (RCB Women) as their Official Style Partner. The partnership comes as RCB Women begin their Women’s T20 League 2026 campaign.
The partnership brings together two brands that share a strong belief in confidence, individuality, and modern Indian identity. As Official Style Partner, Kalyan Jewellers will collaborate with RCB Women to celebrate contemporary expression and self-belief both on and off the field.
The association will be brought to life through an integrated marketing campaign featuring Smriti Mandhana, Shreyanka Patil, and Lauren Bell. Rolling out across digital and social platforms, the campaign will showcase jewellery as an extension of personal style and confidence, drawing a natural connection between high-performance sport and modern elegance.
Beyond campaign visibility, the partnership will focus on meaningful fan and customer engagement through a series of curated initiatives during the season. These include exclusive meet-and-greet opportunities with RCB Women players, access to match tickets, and select on-ground experiences designed to bring fans closer to the team.
Commenting on the association, Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers, said, “The RCB Women’s team embodies resilience, ambition, and self-belief – values that resonate strongly with Kalyan Jewellers. As the Official Style Partner of RCB Women, we are proud to celebrate athletes who exemplify confidence and purpose, while also reflecting the growing influence of women’s sport in India. We are delighted to be associated with a team that continues to inspire both on and off the field.”
Rajesh Menon, COO, Royal Challengers Bengaluru, said, “We are delighted to welcome Kalyan Jewellers as the Official Style Partner of RCB Women. This collaboration reflects the evolving face of women’s cricket, where excellence in sport goes hand in hand with confidence and individuality. We look forward to a strong and meaningful association this season.”
RCB Women enter the Women’s T20 league 2026 as former champions, having lifted the title in 2024. The league continues to grow as a powerful platform for women’s cricket in India, with increasing viewership and fan engagement.
Through this association with RCB Women, Kalyan Jewellers strengthens its presence within culturally relevant platforms that celebrate progress, aspiration, and the modern Indian woman.
Kalyan Jewellers: The Official Style Partner of RCB Women for WPL 2026
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