The Delhi Income Tax Appellate Tribunal deleted a Rs 20.45 lakh addition linked to family gold jewellery, ruling that CBDT seizure guidelines cannot automatically determine how much jewellery a taxpayer can explain.

At the 11th edition of COUTURE India 2026, businesses across design, branding, packaging, technology, certification and retail services presented solutions aimed at addressing the operational challenges faced by jewellery retailers.

DGSL has introduced a structured insurance appraisal service in India, integrating gemological analysis with global valuation standards, while Atul Jain joins NAJA to align practices with international appraisal frameworks.

Natural Diamond Council launched World Diamond Day on April 8, 2026, with participation across India and globally to promote natural diamond storytelling, industry engagement, and consumer connection.

Natural Diamond Council will mark April 8, 2026, as World Diamond Day globally, encouraging industry stakeholders and consumers to share natural diamond stories to strengthen awareness, engagement, and category relevance.

India’s Ministry of Home Affairs has issued a standard operating procedure governing bank account freezes in cybercrime investigations, offering relief to Surat’s diamond industry after multiple firms faced sudden account suspensions.

India’s Economic Survey FY25–26 outlines how the gems and jewellery sector shaped exports, gold imports, inflation and lending, highlighting diversification gains and rising macro pressures for policymakers and industry.

GJEPC’s MSME Department hosted a practical export-readiness Chaupal in Zaveri Bazaar, guiding first-time exporters through procedures, compliance, market demand, incentives and global opportunities, while addressing real operational challenges.

The JJS Exhibitors Meet previewed a significantly expanded show with a new floor plan, global delegations, leadership insights and the upcoming JJS–IJ Design Awards, reinforcing JJS’s status as a premier B2B jewellery platform.

The India Bullion & Jewellers Association (IBJA) has urged the Bureau of Indian Standards (BIS) to implement mandatory self-hallmarking for silver products by jewellers, rather than relying on external hallmarking agencies.

In a major consumer protection move, the Indian government has extended its hallmarking mandate to cover 9-karat gold jewellery, effective July 2025. Previously, hallmarking requirements only applied to gold pieces of 14K, 18K, and 22K standard.

The Reserve Bank of India’s recently updated rules on gold-backed lending have sparked concern among policymakers and financial experts, who warn that the new requirements could inadvertently cut off access to credit for millions of informal and rural borrowers.

The Central Board of Indirect Taxes and Customs (CBIC) has officially operationalised the procedure for the import and export of gems and jewellery through personal carriage at the Air Cargo Complex (ACC), Jaipur and Jaipur International Airport.

The International Institute of Gemology (IIG) reaffirmed its commitment to design education and industry collaboration through its continued association with the 14th edition of the National Jewellery Awards (NJA), organised by the All India Gem and Jewellery Domestic Council (GJC) in partnership with the World Gold Council.