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India-UK FTA to significantly increase India’s GJ exports; Exports  expected to reach $2.5 bn within two years

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The *India-UK Free Trade Agreement* is set to significantly increase India’s gems and jewellery exports. *Exports to the UK are expected to reach $2.5 billion within two years*. This agreement could double the total bilateral trade in gems and jewellery to $7 billion. The FTA will provide new opportunities for growth and investment.

According to a statement from Indian Commerce Ministry, the FTA with UK is expected to boost exports of labour and technology intensive sectors such as textiles, marine products, leather, footwear, sports goods and toys, gems and jewellery.

Kirit Bhansali

“The UK remains a pivotal market for India’s gem and jewellery sector, with exports reaching $941 million and imports at $2.7 billion in 2024. This landmark FTA is poised to significantly accelerate our export growth, with projections indicating a rise to $2.5 billion within the next two years. As a result, total bilateral trade in gems and jewellery is expected to double, reaching $7 billion. This agreement will open up fresh opportunities for growth, investment and collaboration strengthening the trade between the two nations,” said *Kirit Bhansali*, chairman of GJEPC.

This FTA is a game changer and will set India further on the path of rapid economic growth and benefit India’s global integration. This is the most comprehensive free trade deal ever entered into by India and will be the gold standard for our future engagements.

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JB Insights

RiaceWax AUTOMATIC BELT SYSTEM INTUITIVE: Innovation. Precision. Productivity

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Riacetech Srl is a dynamic and technologically advanced company. It focuses its core business on the creation of innovative wax injectors, fully controllable and programmable. It provides all the companies in the casting industry with a wide range of totally automatic and certified machines, all with different functionalities and configurations, that are suitable for Industry 4.0 and meet all the needs of the jewellery and fashion accessories world. It also provides a wide variety of consumable products.

The RiaceWax AUTOMATIC BELT SYSTEM INTUITIVE injector belongs to the Intuitive line and retains all its features; it can inject up to 20 molds of different sizes at the same time by loading them automatically and speeding up the entire production process thanks to the self-centering function on the molds of different sizes; it can create light and very thin objects, maintaining their weight over time. 

Fully controllable from a 10.1” industrial PC, it can double the standard daily production, realising up to 4800 pieces in 8 hours, injecting moulds of very different sizes with the help of only one operator and reducing the number of defective waxes.

An Android tablet is the control unit of both the machine and the loading system, with specially developed apps that also allow checking statistics and productivity. Thanks to the ability to connect remotely, it is compatible with Industry 4.0.

It is equipped with a transparent melting tank with a constant vacuum system, digital sensors to control the pressures that always allow for checking the graphs of the vacuum trend on the molds during injection from the tablets, an RFID reader, a TC-700 cooler, a 16-cmc injection syringe with final temperature regulation and a self-centring clamp with 120x90mm plates.

This machine is designed to accommodate a versatile range of mould sizes, supporting dimensions from a minimum of 50 x 30 x 12 mm up to a maximum of 120 x 90 x 47 mm. The unit itself weighs 75 kg with a physical footprint of 130 x 72 x 53 cm.

Alessio Farnetani, Sales Manager-RiaceWax, underscoring the USP, said, “This machine works without any downtime and reduces errors. There has been a good response from Indian jewellery manufacturers because this system speeds up production, maintains quality and ensures weight consistency, which is critical given rising prices of gold.”

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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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