National News
Gold import TRQ under India-UAE CEPA opens with 30 tonnes reserved for MSMEs
The Directorate General of Foreign Trade (DGFT) has notified the detailed procedure for allocation of Tariff Rate Quota (TRQ) for gold imports under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) for FY 2025-26.
As per the public notice issued on 17 December 2025, the current round of allocation will be restricted to 30 metric tonnes of gold. This first lot has been exclusively reserved for Micro Small and Medium Enterprises (MSMEs), with eligibility limited to entities holding valid BIS registration and GST identification. The maximum quantity that can be applied for is capped at 10 kg for Micro enterprises and 25 kg for Small enterprises.
The allocation will be carried out through a competitive e-auction process conducted on the MSTC portal. Interested bidders are required to submit both technical and financial bids within the prescribed timeline. DGFT clarified that gold dore imports will not be considered under this TRQ.
The TRQ authorisation issued by DGFT will allow successful bidders to avail concessional customs duty rates at the time of import from the UAE, in line with India’s commitments under the CEPA. The tentative schedule indicates that TRQ allocation and issuance of authorisations will be completed in the second week of January 2026.
DGFT also noted that any request to broaden eligibility beyond MSEs may be considered after review, given that a significant portion of the financial year has already elapsed.
National News
Cosmos Diamonds Makes History With World’s First LGD Jewellery Launched Into Space
The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.
In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.



The Cosmos Bloom Diamond is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.

Sanjana Tripuramallu, Founder- Cosmos Diamonds
The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.
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