Connect with us

National News

Union Budget FY 2025-26

GJEPC welcomes new Export Promotion Mission, National Manufacturing Mission & the National Centres of Excellence Skilling
Budget Reaction by Mr. Vipul Shah, Chairman, GJEPC

Published

on

“Union Budget presented by Hon. Finance Minister Smt. Nirmala Sitharaman puts India in the growth path to Viksit Bharat. The Budget reforms will help to realise India’s domestic growth potential and unveil a new trade roadmap to navigate global uncertainties.

GJEPC welcomes the recognition of exports as the 4th engine of growth and the new Export Promotion Mission with sectoral and ministerial targets, driven jointly by Union Commerce, Finance & MSME Ministries. This will facilitate easy access to export credit cross border and factor support to MSMEs to tackle non-tariff barriers in exports. GJEPC welcomes the digital public infrastructure, ‘BharatTradeNet’ (BTN) for international trade to be set-up as a unified platform for trade documentation and financing solutions.

GJEPC further welcomes the proposal of creating of new tariff items in Chapter 71 so as to distinguish precious metals – containing 99.9% or more by weight of silver, containing 99.5% or more by weight of gold, containing 99% or more by weight of platinum under headings 7106, 7108 and 7110 respectively. This move aligns with the representation made by GJEPC for addressing the issue of classification of alloys of Platinum (pre-dominantly containing gold), which was invariably leading to claim of unwarranted customs duty exemptions for import of Platinum under India-UAE CEPA .

Gem & Jewellery sector comprises of 85%-90% of MSMEs. The revision in classification criteria of MSMEs especially with those with turnover from Rs. 250 crore to Rs. 500 crore will help them achieve higher efficiencies of scale, technological upgradation and better access to capital.  The extension of credit guarantee cover to MSMEs leading to additional credit of Rs. 1.5 lakh crore in the next 5 years will benefit and provide boost to the MSMEs in the sector.

The Government’s stable approach on duties and levies across gem & jewellery products will enhance ease of doing business. The Basic Customs duty rate has been reduced from 25% to 5% on platinum findings classified under 7113 will enable consumers to get a new product and increase affordable jewellery sales..

GJEPC welcomes the Government’s labour intensive focus enhancing productivity, quality manufacturing and global competitiveness. G & J industry is labour intensive with 5 million people employed in Exports. The announcement of National Manufacturing Mission & the National Centres of Excellence Skilling furthering ‘Make for India ‘Make for the World’ is positive and is set to have direct  benefit to the sector.

GJEPC welcomes income tax relief incentives to boost consumer demand. Overall, Union Budget presented by Hon. Finance Minister Smt. Nirmala Sitharaman puts India in the growth path to Viksit Bharat. The Budget reforms will help to realise India’s domestic growth potential and unveil a new trade roadmap to navigate global uncertainties.

GJEPC remains committed to collaborating with the Government of India to ensure the sector continues to contribute significantly to the nation’s economy. Council requests the issuance of FAQs on Safe Harbour Taxation. We seek Hon. FM’s support for co-funding global diamond promotion campaigns, the inclusion of jewellery parks in the harmonised infrastructure list, and an Infrastructure Support Fund to develop a Gem Bourse in Jaipur.

GJEPC urges the Government to align regulations with global benchmarks, to set up a policy that promotes exports, innovation, use of technology, and incentivises sustainable practices.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

National News

Nine Days, Nine Colours: Style Your Navratri Looks With CANDERE BY KALYAN JEWELLERS

Each day of Navratri brings a new colour to wear and another reason to dress up. Jewellery can follow the colour of the day or provide a contrast: diamonds lift a bright festive outfit, while coloured gemstones add interest to a simpler one.

Published

on

Each day of Navratri brings a new colour to wear and another reason to dress up. Jewellery can follow the colour of the day or provide a contrast: diamonds lift a bright festive outfit, while coloured gemstones add interest to a simpler one.

For the nine days of celebration, Candere by Kalyan Jewellers brings together diamond and gemstone jewellery that can be styled in more than one way. A pair of earrings worn for a puja can work just as well for an evening of garba; a ring or bracelet can add a finishing touch without asking you to change the rest of your look. The edit offers ideas for pairing jewellery with each day’s colour while choosing pieces you will reach for long after Navratri. Here’s a curated edit-

Day 1 | Orange 

Bring the vibrancy of orange to life with the Dewdrop Delight Diamond and Fancy Gemstone Collar Necklace, featuring colourful gemstones and diamond accents in a statement-making collar silhouette. The matching Dewdrop Delight Diamond and Fancy Gemstone Hoop Earrings carry the same gemstone detailing into an easy-to-wear hoop design, creating a coordinated look that feels festive yet contemporary. Together, the pieces bring colour and sparkle to an orange ensemble while keeping the jewellery look cohesive.

Styling Tip: Pair the set with an orange lehenga, saree or kurta set and keep additional jewellery minimal to let the coordinated necklace and earrings take centre stage.

Day 2 | White

Floral Rush Pearl Diamond Pendant Necklace + Pearl Blossom Essence Diamond Dangle Earrings. For white day, bring together the timeless elegance of pearls and the brilliance of diamonds. The Floral Rush necklace adds a delicate focal point around the neckline, while the Pearl Blossom Essence earrings introduce a graceful drop silhouette. The combination works beautifully for a look that feels festive yet refined.

Styling Tip: Wear the pairing with a white saree, chikankari ensemble or ivory lehenga. Keep the rest of the jewellery understated and let the pearls add softness to the look.

Day 3 | Red

Zona Diamond And Fancy Gemstone Dangle Earrings + Zona Diamond and Fancy Gemstone Collar Necklace. Make a statement in red with the coordinated Zona pairing. The dangle earrings and collar necklace bring together diamonds and colourful gemstones, creating a more expressive look that feels right at home with Navratri dressing. The collar silhouette adds definition around the neckline, while the earrings carry the colour upwards for a balanced finish.

Styling Tip: Style the pair with a classic red saree or lehenga and a clean neckline. Skip a heavy maang tikka or layered necklace so the collar design remains the focal point

Day 4 | Royal Blue

Celestial Peacock Diamond and Gemstone Oval Bracelet + Soft Love Peacock Diamond and Gemstone Dangle Earrings. Royal blue calls for jewellery with an equally regal presence. The Celestial Peacock bracelet combines diamonds and colourful gemstones in an ornate oval silhouette, while the Soft Love Peacock earrings echo the same peacock-inspired detailing. Together, they create a festive pairing that adds colour and character to the look.

Styling Tip: Pair with a royal blue silk saree or lehenga and opt for a sleek bun or pulled-back hairstyle to let the earrings shine.

Day 5 | Yellow

Rosalina Diamond Earrings + Rosalina Diamond Ring. Keep yellow day bright and effortless with the delicate Rosalina pairing. The diamond earrings add a subtle sparkle around the face, while the matching ring brings the same refined touch to the hands. Together, they create an elegant combination that complements the cheerful warmth of yellow without competing with it.

Styling Tip: Pair the duo with a yellow saree, anarkali or contemporary kurta set and add a few slim bangles for a subtle festive finish.

Day 6 | Green

Darshi Diamond And Gemstone Oval Bracelet + Shritika Diamond and Gemstone Pendant Necklace. For green day, bring together floral-inspired detailing and colourful gemstones. The Darshi bracelet adds a delicate touch to the wrist with its floral theme, while the Shritika pendant necklace creates a graceful focal point at the neckline. The combination keeps the look elegant while allowing the colour of the outfit to remain prominent.

Styling Tip: Style the pairing with a deep green saree or lehenga and keep your earrings minimal so the floral and gemstone details remain the focus.

Day 7 | Grey

Anahita Diamond Stud Earrings + Anahita Diamond Ring. Grey brings a more understated mood to the Navratri palette, making it the perfect canvas for diamonds. The Anahita studs offer a clean, refined touch around the face, while the matching ring carries the look through to the hands. Worn together, they create a polished combination that proves festive dressing can be subtle too.

Styling Tip: Pair the set with a silver-grey saree or contemporary grey lehenga and add metallic footwear or a clutch for a modern festive finish.

Day 8 | Purple

Hanshi Diamond And Fancy Gemstone Dangle Earrings + Jasika Diamond and Gemstone Pendant Necklace. Bring a touch of drama to purple day with colourful gemstones and statement silhouettes. The Hanshi dangle earrings add movement and sparkle, while the Jasika pendant necklace creates an elegant focal point around the neckline. Together, they lend a rich, festive finish to the deeper hue of purple.

Styling Tip: Pair the duo with a deep purple saree or lehenga and keep the neckline relatively clean to allow the pendant to stand out.

Day 9 | Peacock Green

Equipoise Diamond and Gemstone Gap Ring + Emeris Diamond Necklace. Close the nine-day celebration with the jewel tones of peacock green. The Equipoise ring brings together diamonds and colourful gemstones in a contemporary open design, while the Emeris diamond necklace adds a refined layer of sparkle around the neckline. The contrast of a modern ring with an elegant necklace makes this pairing feel festive while still being easy to personalise.

Styling Tip: Wear the pair with a peacock green saree or lehenga and add just one or two slim bangles. The mix of colour and diamonds is enough to finish the look.

Continue Reading

Trending

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.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x