KGJS 2017 Exceeds expectations, sees record-breaking footfalls India has a long standingaffinity with gold, but its gold policy measures have often been confusing. Government has introduces several policies in the last one year starting fromexcise duty and demonetization to compulsory hallmarking of gold policy lately. Though industry is facing some shortterm headwinds, longer-term prospects will be encouraging.Over the past one year, there has been a lot of reformation in policies and taxation on gem and jewellery Industry as it began with the implementation of Excise Duty in 2016. Demonetization gave a temporary setback as the year 2017 began with reduction in gold demand across the nation and also affected the exports to a larger extent. LatelyGST and compulsory hallmarking has confused jewellers as well as consumers. Our cover story examines the impact of different govt. policies on Jewellery sector, specially smaller and medium size. We bring you the reactions and views from the small and big players, association heads and trade bodies on this issue.