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GJEPC to discuss silver shortage impacting India’s jewellery exports

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Silver prices in India have surged to an unprecedented Rs.1,85,000 per kg & surpassing with every minute or hour or day, (inclusive of taxes), up Rs.6,000 + in a single day and a staggering 106% so far this year, creating a severe shortage that threatens the country’s silver jewellery exports.

The Gem & Jewellery Export Promotion Council (GJEPC) is convening with exporters and retailers to assess the situation and explore solutions before escalating the matter to the government.

Kirit bhansali

“There is a tremendous shortage of supply, which will impact our exports of silver jewellery. We are engaging stakeholders and will call a meeting shortly,” said GJEPC Chairman Kirit Bhansali.

India’s silver jewellery exports had grown 17.43% year-on-year to $596.41 million in the first half of this fiscal year. However, rising industrial demand for silver in electronics, solar panels, batteries, and its recent classification as an essential mineral by the US has tightened global supplies, diverting shipments and pushing prices higher.

Exporters report that the shortage is driving premiums unnecessarily high, directly affecting their competitiveness. Compounding the issue, the government recently restricted imports of silver and unstudded jewellery from certain ASEAN countries, including Thailand, until March 31, 2026, in an effort to manage the domestic market.

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BrandBuzz

Mavitrra Launches “The Amara Collection” – A Timeless Celebration of Bridal Grandeur and Festive Luxury

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Mavitrra, the elegant and stylistically unique and masterfully crafted bespoke diamond jewellery brand, has just come up with its latest creation this Diwali season. The Amara Collection, an alluring and timeless luxury bridal and festive jewellery collection that stays radiant and adds value to your wardrobe for the coming years.

“The Amara Collection” defines the beauty and sophistication of a lifetime, with pieces that are impeccably designed using natural diamonds and hallmark white and yellow gold. Each piece honours the glory of Indian celebrations and the opulence of bridal extravagance, combining ageless charm with modern artistry.

The idea of “Shining Beyond Time” has been the core of designing the collection, representing the concept in all the jewellery pieces.  This is a collection of timeless masterpieces ranging from elegant diamond bangles and statement bridal rings to delicate yet grandeur evoking Lotus Earrings, all crafted in exquisite yellow and white gold. The essence of Mavitrra’s concept of artwear serving as a medium of expressing one’s unique personality and feelings is there in every intricate ornament.

“The beautiful, Amara collection is a nod to the spirit of the contemporary Indian woman, the bright, the strong and the timeless one,” states Bindu Sharma, the Founder and Creative Director of Mavitrra. She adds, “Every piece epitomises elegance, history, going far beyond ongoing fashion.”

Mavitrra specialises in custom-tailored luxury and blends proven manufacturing techniques with the highest quality inputs and a qualitative design to produce not merely luxurious jewellery but significant ones. From the custom bridal sets to the singular heirloom designs, each creative work is backed up by a certificate of excellence and made to perfection by hand of the master artisans.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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