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India puts restrictions on Platinum alloy imports

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India has announced restrictions on imports of unwrought platinum and platinum powder, with an exception for alloys containing at least 99% pure platinum, according to a government notification issued on Wednesday.

The Directorate General of Foreign Trade (DGFT) revised the import policy for platinum, moving certain categories from the “free” list to the “restricted” list.

Under the new policy, imports of unwrought platinum, platinum powder, and other specified forms require authorization from the DGFT, except for platinum alloys that have a purity of 99% or more by weight.

To ensure a steady supply for jewelry and industrial uses, the government has allowed the unrestricted import of platinum alloys with a purity of at least 99%.

This change comes in response to concerns that some importers were taking advantage of tariff differences by blending gold with platinum to bypass higher import duties on gold.

The economic think tank GTRI had earlier raised concerns about the duty-free imports of gold, silver, platinum, and diamonds from the UAE, cautioning that the arrangement could be exploited to avoid tariffs.

In October of the previous year, India voiced concerns over the rising imports of silver products, platinum alloys, and dry dates from the UAE, calling for stricter enforcement of the rules of origin under the Free Trade Agreement (FTA). Following discussions, the UAE agreed to address India’s concerns.

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Supriya Kataria, Founder of Kumari Fine Jewellery, honoured as “Voice of the Year” at the Women Leaders Summit & Awards 2025, Goa

Supriya Kataria of Kumari Fine Jewellery honoured for her inspiring leadership and authentic voice at the Women Leaders Summit & Awards 2025 in Goa.

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Supriya Kataria, Founder of Kumari Fine Jewellery, was felicitated with the prestigious “Voice of the Year” award at the Women Leaders Summit Awards 2025 (India Edition), held from 14th to 16th October at Alila Diwa, Goa. The event brought together an exceptional gathering of women leaders, changemakers, and innovators from across India, celebrating their transformative impact on business, society, and culture. The summit, themed around leadership, change, and inclusion, featured a distinguished lineup of speakers and organisations, including representatives from the Government of India, Thomas Cook India, Bank of Baroda, Reliance, Trifecta Capital, NITI Aayog, Emmay Entertainment, and Autodesk, among others. As the Luxury Jewellery Partner for the summit, Kumari Fine Jewellery added a touch of elegance and distinction to the event, reflecting its ethos of celebrating women who live beautifully and expressively.

Supriya Kataria was recognised for her powerful and authentic voice that has inspired action, created awareness, and amplified the stories of others. The “Voice of the Year” award honours individuals who embody courage, creativity, and conviction; qualities that resonate deeply with Supriya’s vision for Kumari and her leadership in redefining fine jewellery for modern Indian women. During her presentation at the summit, attended by over 100 industry leaders and delegates, Supriya spoke about Kumari Fine Jewellery’s journey, its design ethos, and its commitment to empowering women through expression and individuality. The Women Leaders Summit & Awards 2025 served as a powerful reminder that women are not just participating in change. They are leading it, one bold conversation at a time.

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