Editor’s Note
This article outlines the Indian gems and jewellery industry’s call for policy reforms aimed at boosting exports, formalization, and global competitiveness. A central goal is to establish India as a full-fledged global diamond trading hub, building on its existing dominance in cutting and polishing. Proponents argue such measures would benefit the broader economy.
Industry Calls for Reforms to Boost Exports, Formalization, and Competitiveness
A key objective is also to establish India as a global diamond trading hub, complementing its position as the world’s leading cutting and polishing centre, says the industry.
“These measures can enhance macroeconomic stability, expand financial markets, and provide savers with better returns.”
The gems and jewellery sector seeks policy continuity and duty cuts in Budget 2026.
Enhancing the Gold Monetisation Scheme may mobilize idle household gold.