IBJA's Budget Proposal for F.Y. 2025-26

10-01-2025 03:00 PM

1.Reduction in import duty from 6% to 3%

2. Special benefit of 0.5% duty for importing thru India International Bullion exchange ( IIBX)

3. Establishing "GST Bonded warehouse" where duty is paid but GST is not paid. This will be on lines of Custom bonded warehouse.

4. Creation of Electronic Gold receipt (EGR) thru "GST Bonded warehouse". This will enable trading on EGR on exchanges.

5. Allowing all import of gold only thru IIBX.

6. Allowing bullion export thru IIBX.

7. Setting up jewellery export centre at gift city for domestic traders.

8. Mandatory Hallmarking for gold and silver across India for jewellery .

9. Stopping import duty benefits from Least developed countries (LDC) and Free trade Area (FTA) countries as this distort market.

10. Gradually moving to 100% bullion trade thru commodity exchange only.

11. Removing capital gain tax on Gold and jewellery sales to boost Gold monetisation and reducing import.

12. Allowing Lending and Borrowing of bullion thru commodity exchange.

13. Single Regulator Gems and Jewellery Sector

De Beers Group Partners with Abhishek Sharma to Champion Natural Diamonds in India

11-03-2026 2:45 PM

De Beers Group, the world’s leading diamond company, announced its association with Indian cricketer Abhishek Sharma to celebrate natural diamonds in India, bringing together two forces defined by character,...

Kisna Diamond and Gold Jewellery changes its name to ‘Radha Diamond and Gold Jewellery’ for a day to honour womanhood on Women’s Day

11-03-2026 2:40 PM

On the occasion of International Women’s Day, Kisna Diamond and Gold Jewellery chose to mark the moment with a thoughtful and innovative tribute to womanhood, changing its name to ‘Radha Diamond and Gold...

Arundhati Jewellers Hosts “51 Mega Lakhpati Draw” in Angul, Ollywood Actress Archita Sahu Graces the Occasion

11-03-2026 2:35 PM

Arundhati Jewellers successfully organized the grand “51 Mega Lakhpati Draw” at Biju Maidan, Angul, on 12th February 2026 with great enthusiasm and grandeur. With an enduring legacy of 25 years built on...

Gold ETF inflows fall sharply in February after record January allocations

11-03-2026 2:30 PM

Inflows into precious metals exchange-traded funds (ETFs) slowed sharply in February as a stronger US dollar and profit booking tempered investor enthusiasm after record allocations in the previous month. Gold...

Senco Gold & Diamonds Introduces ‘Shape of You’ AI Styling Application

09-03-2026 2:45 PM

Senco Gold & Diamonds has introduced a new artificial intelligence-based jewellery styling feature called ‘Shape of You’, launched on March 5, 2026 ahead of International Women’s Day. The tool is designed...