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Tariff Shock for India’s Gem & Jewellery Industry!
Sector Looking at Alternatives


The Indian gem and jewellery sector, a cornerstone of the nation’s export economy, now finds itself staring into a vexed tariff situation. US President Donald Trump has added an additional 25% over and above the 25% imposed last week, sending shockwaves through an industry already reeling from a prolonged global economic slowdown.
The implications are dire: thousands of workers, especially in the diamond-cutting and polishing hubs of Surat, face uncertainty. The initial 25% tariff had already begun prompting Indian exporters to scout for alternative export routes via countries like Mexico and the UAE. But the announcement of an additional 25%, reportedly linked to India’s diplomatic alignment with Russia, threatens to bring operations to a halt, setting the stage for uncertainties and a severe dent in foreign exchange earnings.

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The Potential of Nigeria's Mining Sector
Nigeria's mining sector remains vastly underutilized. Historically, its contribution to GDP ranged from a mere 0.17% to 0.3%. However, the sector is now showing remarkable resurgence,
CIBJO Centenary Congress in Paris to be Held Under Patronage of French President Emmanuel Macron
The French government has extended its highest recognition to the global gem and jewellery fraternity, as the 2025 CIBJO Congress will convene in Paris under the official
GJEPC Signs Historic Luanda Accord that Commits 1% of Rough Sales Revenue to Global Natural Diamond Marketing
In a watershed step to boost consumer demand for natural diamonds, GJEPC joined top diamond-producing nations and industry bodies in signing the Luanda Accord on
Letter from WFDB President Yoram Dvash
Last week, on June 10 and 11, we held a very successful Presidents’ Meeting in New York, hosted by the Diamond Dealers Club of New York, led by President Elliot Krischer, with illustrious speakers such as Botswana President Duma Boko, Botswana Minister of Minerals and Energy Bogolo Kenewendo, Minister of Mineral Resources, Petroleum, and Gas Diamantino Azevedo, De Beers CEO Al Cook, De Beers EVP Paul Rowley, Kimberley Process Chairman Ahmed Bin Sulayem,
Botswana's Debswana to approach capital markets to fund Jwaneng underground project
Botswana's Debswana Diamond Company is looking to international capital markets to help fund its $6 billion Jwaneng underground project, a director said on
  
DE BEERS GROUP DELIVERS PROGRESS WITH SUSTAINABILITY AND PROVENANCE INITIATIVES, SUPPORTING ENHANCED CONFIDENCE IN DE BEERS-SOURCED DIAMONDS
De Beers Group today published its 2024 sustainability report, highlighting significant progress across its key focus areas of climate, livelihoods, nature and provenance.
DE BEERS GROUP AND ENDIAMA DISCOVER NEW KIMBERLITE FIELD IN ANGOLA
De Beers Group, together with Angola’s national diamond company, Endiama, today announced a significant step forward in their joint exploration efforts with the discovery of
Expo Catoca — 30 Years celebrates the legacy of Angola's largest diamond mining company
As part of the celebrations of the 30th anniversary of the Catoca Mining Society and the 50th anniversary of National Independence, Expo Catoca — 30 Years will take place between August 26th and 28th, 2025, at the Luanda Base, Talatona, from 09:00 am, Under the motto: Here, where diamonds meet community. The event emerges as a space for celebration, reflection and sharing of the most relevant milestones in Catoca's trajectory, reaffirming its commitment to
Emirates NBD deepens links with global jewelry retailer Joyalukkas with announcement of landmark AED 500 million working capital deal
Emirates NBD, a leading banking group in the Middle East, NorthAfricaand Türkiye (MENAT) region, and Joyalukkas, one of the world’s largest jewelry retailers,
Final Impact of US Reciprocal Tariffs on Indian G&J Industry
The Indian gem and jewellery sector, a cornerstone of the nation’s export economy, now finds itself staring into a vexed tariff situation. US President Donald Trump
  
Gaston Signs Binding Term Sheet to Acquire 100% Ownership of Lucapa Diamond Company
Gaston International DMCC ("Gaston"), part of Jemora Group, is pleased to announce that it has entered into a binding term sheet (the "Binding Term Sheet") with Richard Tucker and Paul Pracilio ("Administrators") of Lucapa Diamond Company Limited ("Lucapa"), an ASX-listed company, for a Deed of Company Arrangement ("DOCA") contemplating the acquisition of all issued shares of Lucapa by Gaston (the "Transaction"). Under the Transaction, Gaston proposes to acquire Lucapa and its mining interests
The New Jeweller International Media Group Launches India Jewellery Designers & Artisans Forum
The first edition of India Jewellery Designers & Artisans Forum was launched by the New Jeweller International Group during the ongoing IIJS Premiere 2025. Industry stalwarts as panelists discussed the way ahead with respect to the Artisan and Jewellery designers fraternity. A unified call for safeguarding the depleting artisan numbers in India was called for both by the panelists as well as Participants in the room, comprising Association heads, Jewellery designers, manufacturers as well as Educationists.
CIBJO President Gaetano Cavalieri receives ICA Lifetime Achievement Award
Dr Gaetano Cavalieri, President of CIBJO, World Jewellery Confederation, has received a Lifetime Achievement Award from the International Colored Gemstone Association
“The Vicenza Symposium” Technology, Innovation, And The Future Of The Industry At The Core Of The New Biennial Event Dedicated To The Hi-Tech And Luxury Jewellery Sector
The goldsmith and jewellery industry is ready to take a decisive step into the future with the debut of The Vicenza Symposium, taking place from September 2 to 4, 2025,
Okavango Diamond Company to Launch Rough Diamond Auction Centre in Surat, Empowering Local Manufacturers
In a landmark development for India’s diamond manufacturing industry, Botswana’s Okavango Diamond Company (ODC) has announced its plans to establish
  
International Gemological Institute [IGI] 50 Years of Rich legacy built with Trust, Transparency & Innovation
In an exclusive with Mr. Tehmasp Printer, CEO, IGI & Mr. Anoop Mehta, recently appointed Chairman of IGI, the New Jeweller magazine bureau gains insights into the
The Next Chapter in India’s Timeless Diamond Story - GA Demands
India’s diamond industry has seen better days. With rising costs, delayed deals, and fewer opportunities, many traders are struggling to keep pace. But a change is here. GA Demands, a mobile-first app built by Indian traders, for Indian traders, is helping the diamond market bounce back — by giving users more control, zero commission fees, and smarter technology to close deals faster.
Sarine Leans on Specialised AI to Power Next Phase of Growth
Sarine Technologies Ltd. is doubling down on specialised artificial intelligence (AI) as the cornerstone of its growth strategy, extending its reach from
GIA Examines the World’s Second Largest Diamond
In July 2025, staff from the Gemological Institute of America (GIA), including GIA Executive Vice President and Chief Research and Laboratory Officer Tom Moses
GIA Names Sriram Natarajan Senior Vice President of Laboratory Operations
Sriram 'Ram' Natarajan, previously managing director of GIA India Laboratory Private Limited (GIA India), has been appointed to a new role as senior vice
  
NATURAL DIAMOND is Authentic, Natural Diamond is Beautiful - Antonio Gervasio Manuel Zola
Antonio Gervasio Manuel Zola has gained a rich experience of over 20 years in the Diamond Industry serving in various critical departments pertaining to the Natural diamond sector.   
Elegant Collection
Elegant Collection has emerged as a global leader in the diamond and jewellery industry, admired for its exquisite craftsmanship, innovative designs,   
Botswana
An Important Investment Destination for the Diamond Industry
In an exclusive with Mr.Julius Tsheko, Regional Director, India & Asia, Botswana Investment & Trade Centre, The New Jeweller International Media Group got an insight on the trade development initiatives of Botswana regarding the diamond sector and the dynamic economic development initiatives under the new regime. Excerpts:
Your presentation at the Bharat Diamond Bourse, Mumbai was indeed enlightening. What are you looking at   
On Why to Introduce Diamond Traceability
Whenever I meet with traders, manufacturers, and other diamond industry professionals, I continue to hear complaints about the strong emphasis placed on diamond traceability.
Time to Realign the Natural Diamond industry
In an exclusive with The New Jeweller UAE bureau Mr.Ahmed Bin Sulayem, Executive Chairman & CEO - DMCC gives an insight on the key factors responsible for making .  





Event & News




Rio Tinto’s Diavik Diamond Mine Marks 150-Million-Carat Milestone

Rio Tinto’s Diavik Diamond Mine in Canada’s Northwest Territories has achieved a major milestone, producing 150 million carats of rough diamonds since beginning operations in 2003. Known for its

Shree Ramkrishna Exports [SRK] Natural Diamonds, Crafting a Beautiful & Better Tomorrow

When you choose a natural diamond, you are not just buying something rare and beautiful, but you are also becoming part of a larger, more meaningful journey. At Shree Ramkrishna Exports (SRK), one of the world's leading natural diamond crafting

VICENZAORO SEPTEMBER OPENED TODAY

Vicenzaoro September kicked off today. Italian Exhibition Group's international jewellery, gold and contemporary watch event opened with a greeting from Luca Zaia, president of the Veneto

World Gold Council Launches “The Moment Is Gold” Campaign in India

The World Gold Council has launched its latest campaign in India, “The Moment Is Gold”, aimed at enhancing the relevance of gold jewellery for Gen Z and Millennials. The initiative seeks to position gold as more than just a wedding or festival adornment, instead celebrating everyday achievements, connections, and personal milestones.

EXPO CATOCA Successful 30 Years legacy Showcased in Luanda, Angola

Expo Catoca was celebrated in Luanda, the capital city of Angola with much fanfare. Conferences, workshops, presentations and exhibitions of companies who have been providing critical services related to Mining and other allied services to Catoca were showcased with pride.

“THE VICENZA SYMPOSIUM”: AT THE HEART OF ITS MISSION, A CONSCIOUS, HIGH-TECH AND SUSTAINABLE FUTURE FOR JEWELLERY AND FASHION

The goldsmith and silversmith sector, along with the fashion accessories industry, is undergoing a profound transformation to ensure sustainable