Mumbai, India’s financial capital and the country’s leading hub for gem and jewellery exports, marked a significant milestone by flagging off the first jewellery export consignment to the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement (CETA).

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The Mumbai ceremony formed part of a nationwide initiative conducted simultaneously across Delhi, Surat, Jaipur, Chennai and Kolkata, celebrating India’s first jewellery exports to the UK under the landmark trade agreement.

Mumbai Hosts Flag-Off Ceremonies at Two Major Export Hubs

The flag-off ceremonies in Mumbai were held at two prominent export centres—PCCC Customs at Bharat Diamond Bourse (BDB) and SEEPZ-SEZ, highlighting Mumbai’s central role in India’s gem and jewellery export sector.

PCCC Customs – Bharat Diamond Bourse (BDB)

The ceremony at PCCC Customs was attended by:

• Mr. Santosh Kumar, Commissioner of Customs, Mumbai
• Mr. Vishwajeet Chimankar, Deputy Director General of Foreign Trade (DGFT)
• Shri Shaunak Parikh, Vice Chairman, GJEPC

The participating exporters included:

• Malabar Gold & Diamonds Pvt. Ltd.
• Shree Ramkrishna Exports
• Venkatesh Jewellers

SEEPZ-SEZ

The flag-off ceremony at SEEPZ-SEZ was held in the presence of:

• Shri Dnyaneshwar Patil, Development Commissioner, SEEPZ
• Shri Mayur R. Mankar, Joint Development Commissioner, SEEPZ-SEZ
• Shri Bharat Ghori, Co-Convener, MSME, GJEPC
• Shri Vijay Gujarati, Vice President, SEEMA
• Mr. Adil Kotwal, President, SGJMA

Exporters participating from SEEPZ included:

• Fine Jewellery
• Kama Jewellery Pvt. Ltd.
• Suashish Diamonds Ltd.
• S. Vinodkumar Diamonds Pvt. Ltd.
• IDI Jewels (India) Manufacturing Pvt. Ltd.
• Goldstar Jewellery Pvt. Ltd. Unit III
• Supergems Jewellery Mfg. Co. Pvt. Ltd.
• Zenstar Jewellery LLP
• Steckbeck Jewelry

India–UK CETA Brings Zero-Duty Access to the UK Market

The India–UK Comprehensive Economic and Trade Agreement introduces zero-duty access for India’s gem and jewellery exports to the UK from the date the agreement comes into force. It removes UK import tariffs of up to 4%, giving Indian exporters a stronger competitive position in the UK’s US Dollar 4 billion jewellery import market.

The agreement is expected to support higher exports, increased investment and additional employment opportunities across the industry.

Customs Department Highlights Trade Facilitation

Mr. Santosh Kumar, Commissioner of Customs, Mumbai, said the implementation of the India–UK CETA creates new opportunities for Indian exporters by improving their competitiveness in the UK market.

He stated that Customs remains committed to supporting exporters through faster clearances, reduced dwell time and seamless trade facilitation, enabling businesses to fully benefit from the agreement.

SEEPZ Development Commissioner on Export Growth

Shri Dnyaneshwar Patil, Development Commissioner, SEEPZ, described the implementation of the India–UK Free Trade Agreement as a significant moment for the gem and jewellery industry.

He said the removal of the 4% UK import duty on Indian gems and jewellery will make exports more competitive, strengthening India’s position in the UK market. He noted that exports to the UK currently stand at around ₹3,000 crore and are expected to increase to nearly ₹6,000 crore over time. According to him, the agreement will boost production, generate new opportunities for exporters and increase demand for Indian gems and jewellery.

GJEPC Chairman on the Landmark Agreement

Shri Kirit Bhansali, Chairman, GJEPC, said the first export consignment to the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement marks a defining moment for India’s gem and jewellery industry.

He thanked Hon’ble Prime Minister Shri Narendra Modi and the Government of India for their leadership in concluding the agreement and supporting the industry.

He stated that the elimination of UK import tariffs of up to 4% provides Indian exporters with a significant competitive advantage in the UK’s US Dollar 4 billion jewellery import market. With zero-duty access, he said India’s gem and jewellery exports to the UK are expected to increase from around US Dollar 754 million to nearly US Dollar 2.5 billion over the next three years, creating new opportunities for exporters, manufacturers, MSMEs, artisans and designers while strengthening India’s position in craftsmanship, innovation and value-added jewellery manufacturing.

GJEPC Vice Chairman Highlights Mumbai’s Role

Shri Shaunak Parikh, Vice Chairman, GJEPC, said Mumbai has long served as the gateway for India’s gem and jewellery exports.

He noted that the presence of Bharat Diamond Bourse, SEEPZ, and many of India’s leading exporters has created a globally recognised ecosystem for diamond trading, jewellery manufacturing and exports.

According to him, the India–UK CETA provides zero-duty access to one of the world’s leading jewellery markets, giving Indian exporters a competitive advantage while supporting export growth, investment, employment and India’s position as a preferred sourcing destination for high-quality jewellery.

Benefits for Maharashtra’s Gem and Jewellery Sector

The India–UK CETA is expected to provide several benefits to Maharashtra’s gem and jewellery industry, including:

• Improved market access
• Promotion of value-added manufacturing
• Employment generation
• Skill development
• Stronger participation of MSMEs, artisans and exporters

Mumbai’s established ecosystem for diamond trading, jewellery manufacturing, exports and logistics is expected to play an important role in driving India’s export growth under the agreement.

Mumbai Leads India’s Next Phase of Jewellery Exports

The dispatch of the first export consignment reflects Mumbai’s leadership in India’s gem and jewellery sector and demonstrates the industry’s confidence in the opportunities created through the India–UK CETA.

With Indian jewellery entering the UK market for the first time under zero-duty access, Mumbai’s exporters and manufacturers are well positioned to contribute to the next phase of India’s export growth while strengthening the country’s presence in premium international jewellery markets.

About Gem & Jewellery Export Promotion Council (GJEPC)

The Gem & Jewellery Export Promotion Council (GJEPC) was established by the Ministry of Commerce, Government of India, in 1966 as one of the country’s Export Promotion Councils (EPCs) to promote India’s gem and jewellery exports in international markets.

Since 1998, GJEPC has operated with autonomous status and today represents more than 11,000 members from the gem and jewellery industry.

Headquartered in Mumbai, the Council has regional offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, enabling close interaction with industry members across major jewellery manufacturing and trading centres.

Over the years, GJEPC has emerged as one of India’s most active Export Promotion Councils by expanding its promotional initiatives and strengthening the range of services offered to its members.

FAQs

1. What milestone did Mumbai achieve under the India–UK CETA?

Mumbai flagged off the first jewellery export consignment to the United Kingdom under the India–UK Comprehensive Economic and Trade Agreement, marking the beginning of zero-duty jewellery exports to the UK.

2. What benefits does the India–UK CETA provide to jewellery exporters?

The agreement removes UK import tariffs of up to 4% and provides zero-duty access to the UK market, giving Indian jewellery exporters greater competitiveness.

3. Where were the Mumbai flag-off ceremonies held?

The ceremonies took place at PCCC Customs, Bharat Diamond Bourse (BDB), and SEEPZ-SEZ, two of Mumbai’s major gem and jewellery export hubs.

4. How much are India’s jewellery exports to the UK expected to grow?

According to GJEPC Chairman Shri Kirit Bhansali, exports are expected to increase from around US Dollar 754 million to nearly US Dollar 2.5 billion over the next three years.

5. How will the India–UK CETA benefit Maharashtra’s gem and jewellery industry?

The agreement is expected to improve market access, encourage value-added manufacturing, generate employment, support skill development, strengthen MSME participation and reinforce Mumbai’s role as a leading global jewellery export hub.

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