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Presented by the India Bullion and Jewellers Association (IBJA) and Tefla’s, with India Gold Metaverse (IGM) as the Title Partner and Royal Chains Limited as the Powered By partner, the black-tie event brought prominent names from India’s jewellery industry together with five Bollywood celebrities.

Bollywood Stars Add Glamour to IIJA 2026

The evening began with the red carpet at 6 PM, setting the stage for a celebration that combined the atmosphere of a film premiere with the heritage of India’s jewellery trade.

Ameesha Patel opened the awards on stage, followed by Celina Jaitly, former Miss India Sangeeta Bijlani and screen legend Meenakshi Seshadri. Arbaaz Khan took charge of the final two Shades and presented some of the night’s major honours, including the Lifetime Achievement Award.

Jewellery and fashion also took centre stage through three couture sequences — The Golden Beginning, India Shines and The Future Shines — which were presented between the award segments.

IIJA 2026 Unveils Its Golden Touch and Anthem

One of the evening’s key moments was The Golden Touch, featuring Mr Jignesh Shah, Founder, India Gold Metaverse; Mr Prithviraj Kothari, National President, IBJA; and Mr Kailash Singh, Managing Director, Tefla’s.

Together, they launched IIJA 2026 and unveiled the official IIJA Anthem, “Aaj Hamari Baari Hai”, across a full-stage LED canvas.

Brand guru Harish Bijoor delivered a keynote focused on the golden power of Brand India, while the Harmony Heaven Choir Band added to the evening’s entertainment and carried the celebration through to the dance floor.

54 Categories and Nearly 180 Nominations

The inaugural IIJA recognised winners across 54 categories from nearly 180 nominations, covering several segments of India’s jewellery ecosystem.

Among the major honours, Titan Company Limited received Manufacturer of the Year, while Kalyan Jewellers was recognised as National Jewellery Retailer of the Year. Malabar Gold & Diamonds received the Global Indian Jewellery Icon honour, while Senco Gold was named Jewellery Brand of the Year.

Indriya (Aditya Birla Jewellery) received the Jewellery Company of the Year award. Chandukaka Saraf was recognised with the Heritage Legacy Award, while Swarnshilp Chains & Jewellers received the Hall of Fame honour.

The evening’s final and most emotional recognition went to Emerald Jewel Industry India, which received the Lifetime Achievement Award.

IIJA Introduces Nominee Felicitation and AI Photo Scan

The celebration also extended beyond the award winners. In a first for an Indian jewellery awards show, every nominee was felicitated at a dedicated photo booth outside the ballroom.

An AI Photo Scan facility also allowed guests to download photographs captured during the event.

The evening concluded with all five Bollywood celebrities being felicitated on stage, followed by a grand photograph titled ‘The Stars Behind the Shine’. The networking dinner and dance floor then brought the inaugural celebration to its close.

What the Stars Said

“Gold and jewellery are part of every Indian celebration, and tonight it was wonderful to celebrate the people who create it. Opening the awards at the very first IIJA was a special honour.”

— Ameesha Patel

“Behind every piece of jewellery is a story of craft, family and hard work. It was a joy to give those stories the recognition they deserve.”

— Celina Jaitly

“Style changes every season, but beautiful jewellery is forever. IIJA felt like the industry’s own red carpet — elegant, emotional and full of pride.”

— Sangeeta Bijlani

“I have seen fashions change across generations, but the artistry of Indian jewellery has never gone out of style. It was a privilege to honour the people who keep it alive.”

— Meenakshi Seshadri

“Presenting the legacy awards and the Lifetime Achievement Award was the highlight of my evening. These are the names that built this industry — and it was a privilege to share their moment.”

— Arbaaz Khan

From the Organisers

“Tonight the Indian jewellery industry did not just hand out trophies — it celebrated itself. Manufacturers, retailers, designers and families who have shaped this trade for generations stood on one stage. This is the beginning of a new annual tradition.”

— Mr Prithviraj Kothari, National President, IBJA

“We wanted to create a night worthy of the industry it honours — glamour, emotion and real recognition, together. The response from the trade, our partners and our stars has been overwhelming.”

— Mr Kailash Singh, Managing Director, Tefla’s

“When the stars of Bollywood stand on the same stage as the craftsmen, manufacturers and retailers of India, you see what this industry truly is — the original glamour of our country. IIJA put that glamour back where it belongs: on the people who create it.”

— Mr Aseem Singh, Director, Tefla’s

About India International Jewellery Awards

The India International Jewellery Awards (IIJA) is an initiative by the India Bullion and Jewellers Association (IBJA) and Tefla’s to recognise excellence across India’s gold, silver, platinum and jewellery ecosystem. The platform covers manufacturers, retailers, designers, entrepreneurs, innovators and legacy jewellery houses.

The first edition was held on October 2, 2026, at The Westin Mumbai Powai Lake, with India Gold Metaverse (IGM) as the Title Partner and Royal Chains Limited as the Powered By partner.

FAQ’s

1. What are the India International Jewellery Awards 2026?
The India International Jewellery Awards 2026 are an industry recognition platform presented by the India Bullion and Jewellers Association and Tefla’s to honour excellence across India’s gold, silver, platinum and jewellery ecosystem.

2. When and where was IIJA 2026 held?
The inaugural India International Jewellery Awards 2026 was held on October 2, 2026, at The Westin Mumbai Powai Lake in Mumbai.

3. How many categories were featured at IIJA 2026?
The inaugural IIJA 2026 featured 54 categories and nearly 180 nominations, recognising achievements across manufacturing, retail, design, entrepreneurship, innovation and other areas of the jewellery industry.

4. Which Bollywood celebrities attended IIJA 2026?
The event featured Ameesha Patel, Celina Jaitly, Sangeeta Bijlani, Meenakshi Seshadri and Arbaaz Khan, who participated in different award segments and were felicitated during the ceremony.

5. Which major awards were presented at IIJA 2026?
Major honours included Manufacturer of the Year for Titan Company Limited, National Jewellery Retailer of the Year for Kalyan Jewellers, Global Indian Jewellery Icon for Malabar Gold & Diamonds, Jewellery Brand of the Year for Senco Gold, and the Lifetime Achievement Award for Emerald Jewel Industry India.

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A Masterpiece of 3,000-Hour Craftsmanship

Sudha Reddy’s look was not merely a garment but a high-concept art installation designed by Manish Malhotra in collaboration with celebrity stylist Mariel Haenn.

• Labor of Love: The outfit required a staggering 3,459 hours of manual labor, involving a dedicated team of 90 skilled artisans.
• Intricate Details: The design featured a complex blend of zardozi, marodi, resham, and metalwork.
• Ancient Roots: The artistry was inspired by the Machilipatnam style of kalamkari, a textile art form dating back nearly 3,000 years.
• The Silhouette: The ensemble boasted a royal blue corseted bodice and a dramatic 7-meter train adorned with peacock motifs.
• Symbolic Backpiece: A unique metal vine installation, forged from brass, copper, and silver, represented the kalpavriksha (the wish-fulfilling tree).

The 15 Million Dollar Sparkle

While the couture was breathtaking, Reddy’s jewelry—valued at 15 million dollar from her private collection—commanded the spotlight.

• The Centerpiece: She wore the ‘Queen of Merelani,’ a massive 550-carat deep violet-blue tanzanite set in a Victorian-finished diamond necklace.
• Exceptional Rings: Her hands were adorned with a 23-carat yellow diamond ring and a 30-carat rose-cut polki diamond ring sourced from Rajasthan.
• The Accessories: The look was completed with a crystal-encrusted Dolce and Gabbana minaudiere and a custom zardozi clutch by Manish Malhotra.

Championing Telangana Heritage

As the wife of Megha Engineering and Infrastructure MD PV Krishna Reddy, Sudha Reddy utilized the world’s most prestigious fashion stage to honor her roots.

• Cultural Symbols: Her ensemble incorporated motifs specific to Telangana, such as the palapitta (Indian roller bird) and the jammi chettu tree.
• A Personal Mission: Reddy stated that the ensemble was a translation of her Hyderabad foundation into a global language, proving that ancient Indian techniques possess the power to lead global fashion dialogues.
• Cinematic Vision: Stylist Mariel Haenn, known for her work with Rihanna and Jennifer Lopez, aimed to treat the appearance as high-concept art, projecting Indian grandeur through a cinematic contemporary lens.

This appearance marks Sudha Reddy’s third turn at the Met Gala, following her previous appearances in 2021 and 2024.

FAQ’s

1. What made Sudha Reddy’s appearance at Met Gala 2026 unique?
Sudha Reddy stood out for combining traditional Indian textile art with modern fashion. Her ‘Tree of Life’ ensemble symbolized cultural storytelling, while intricate craftsmanship and meaningful motifs elevated her look beyond fashion into a form of artistic expression.

2. How valuable was Sudha Reddy’s jewelry at the event?
Her jewelry, valued at approximately 15 million dollar, included rare and high-value pieces such as a 550-carat tanzanite necklace, along with large diamond rings, making it one of the most luxurious showcases on the red carpet.

3. What was the inspiration behind her outfit?
The outfit drew inspiration from the ancient kalamkari art of Machilipatnam and incorporated elements like the ‘kalpavriksha’ (wish-fulfilling tree). It aimed to reflect India’s deep-rooted artistic traditions while aligning with the Met Gala’s “Costume Art” theme.

4. How long did it take to create the ensemble?
The ensemble required around 3,459 hours of craftsmanship and involved a team of 90 artisans. It featured detailed embroidery techniques like zardozi, marodi, and resham, showcasing exceptional handwork and dedication.

5. What message did Sudha Reddy convey through her Met Gala look?
Through her appearance, she aimed to highlight Telangana’s cultural heritage on a global platform. Her look emphasized that traditional Indian craftsmanship can lead global fashion conversations and remain relevant in contemporary design narratives.

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Key Details for IGJS Jaipur 2026

• Dates: 9th – 11th April 2026
• Time: 10:00 AM – 6:00 PM
• Venue: Novotel Jaipur Convention Centre (JECC)

Over 230 Global Buyers from 30 Nations

The three-day curated show hosted 85 leading Indian companies and attracted more than 230 international buyers. Participants traveled from 30 different countries, including the USA, UK, Europe, Latin America, and the MENA region, to source high-quality jewelry and gemstones.

Mr. Shaunak Parikh, Vice Chairman of GJEPC, noted during the event:

“The strong participation reflects continued global trust in India as a reliable sourcing partner. Even with international trade uncertainties, IGJS helped build resilient supply chains and long-term business relationships.”

Jaipur’s Integrated Ecosystem on Display

The event successfully highlighted why Jaipur is a global hub. Visitors experienced the city’s unique “integrated ecosystem”—where sourcing, manufacturing, and certification happen in close proximity. Shri Yogendra Garg, Regional Chairman (Rajasthan), stated that the show allowed global buyers to engage deeply with these local capabilities.

Trade Advantages and Expert Praise

The show also highlighted the practical benefits of the India-UK Free Trade Agreement (FTA). Simon Benney, CEO of House of Benney and Goldsmith to HM King Charles, praised the “zero tariff” framework, noting that it removes key cost barriers. He was highly impressed by:

• Precision Craftsmanship: Particularly in stone settings and finishing.
• Enamel Work: The high standard of Indian detail was a standout feature for international luxury designers.

Industry Impact by the Numbers

• Economic Pillar: In the 2024–25 fiscal year, the sector recorded exports of 28.7 billion dollar.
• Export Share: The industry continues to contribute nearly 7% of India’s total merchandise exports.
• Product Range: The show featured everything from traditional gold and silver to modern Lab-Grown Diamonds (LGDs).

Looking Forward

While the Jaipur show has ended, GJEPC continues its global outreach. With the success of this edition, the Council is now looking toward its flagship IIJS exhibitions and new international ventures like SAJEX in Saudi Arabia to further expand market access for Indian manufacturers.

IGJS Jaipur 2026 was more than just an exhibition; it was a strategic success that solidified India’s position as a “Trusted Global Hub” for the gem and jewelry trade in an ever-changing world.

FAQ’s

1. What was IGJS Jaipur 2026 and when was it held?
IGJS Jaipur 2026 was an international gem and jewellery exhibition organized by GJEPC, held from April 9 to April 11, 2026, at the Novotel Jaipur Convention Centre, bringing together Indian manufacturers and global buyers.

2. How many international buyers participated in the event?
The event saw participation from over 230 international buyers representing 30 countries, including major markets such as the USA, UK, Europe, Latin America, and the MENA region.

3. What made IGJS Jaipur 2026 significant for India’s jewellery sector?
The event highlighted India’s strong manufacturing capabilities, high-quality craftsmanship, and reliability as a sourcing partner, strengthening its position as a global hub for gem and jewellery trade.

4. What role did the India-UK Free Trade Agreement (FTA) play in the event?
The India-UK FTA, particularly the zero-tariff advantage, was highlighted as a major benefit, reducing costs for buyers and encouraging increased international participation and trade opportunities.

5. What is the future outlook after the success of IGJS Jaipur 2026?
Following this success, GJEPC plans to expand its global outreach through major exhibitions like IIJS and new initiatives such as SAJEX in Saudi Arabia, aiming to further boost exports and strengthen international trade relationships.

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Hosted under the leadership of GJEPC Chairman Kirit Bhansali, the ceremony reflected the industry’s shared vision for growth, innovation, and excellence. The grand event was held on Saturday, 21 March 2026, at Innov8 Launchpad, Hall 4, BIEC, Bengaluru. The ceremony was graced by Chief Guest Smt Gunjan Krishna, IAS, commissioner for Industrial development and sector of industries and commerce, Government of Karnataka, along with Guests of Honour Shri A. Prasanna Anguraj, Managing Director; Shree Kumaran Thangamaligai; and Dr. Pratap Madhukar Kamath, Managing Director, Abaran Timeless Jewellery Pvt. Ltd., in the presence of GJEPC Chairman Kirit Bhansali.

Adding a major attraction for the trade community, IIJS Tritiya 2026 will also be featuring a Mega Lucky Draw open exclusively to paid registered trade visitors who attend the exhibition in person and complete the official participation process. The prize line-up includes one Mercedes-Benz as the grand prize, along with one Mahindra Thar, one Maruti Suzuki Grand Vitara, one Maruti Suzuki Swift Dzire, one Hyundai i10, and 10 Honda Activa scooters. The live draw will be held on 23 March 2026 at 2:00 PM at the exhibition venue in Bengaluru.

The exhibition is designed primarily for retailers, wholesalers, manufacturers and jewellery businesses from across India, while also drawing international buyers from more than 40 countries. Trade visitors from Tier I, Tier II and Tier III cities are expected to attend the show to explore new jewellery collections, advanced manufacturing technologies and emerging business solutions.

This year IIJS Tritiya 2026 is expected to host more than 1,100 exhibitors across over 1,900 stalls, spread over 60,000+ square metres of exhibition space, with over 15,000 trade visitors anticipated from more than 500 Indian cities.

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IIJS Tritiya 2026: Exhibition
IIJS Tritiya 2026 will be hosted across Hall 3, Hall 4 and Hall 5 at BIEC, with organisers aiming to create a spacious and structured exhibition layout that allows visitors to move across jewellery collections, production technologies and business service segments without congestion. Running in parallel with IGJME Bharat – Tritiya 2026, the event reflects the increasing convergence between jewellery trade, manufacturing infrastructure and machinery solutions.

The scale of the event positions it as a major trade platform for the Indian gems and jewellery sector. The organisers expect participation from buyers across a broad domestic market as well as strong international representation, reinforcing IIJS Tritiya’s standing as a global sourcing and networking destination for the jewellery business.

A major feature of IIJS Tritiya 2026 is its technology-enabled visitor management system. Organisers have introduced digital-first solutions to improve convenience and streamline access for both attendees and exhibitors. These include pre-registration facilities, digital badges for entry, and facial recognition-enabled entry and exit systems aimed at making venue movement faster and more efficient.

International visitors will be offered complimentary registration facilities. In addition, the IIJS App will serve as a central digital companion throughout the event. The app will provide 3D interactive floor plans to help attendees navigate the venue, identify exhibitor locations and plan meetings efficiently. It will also offer real-time show updates, badge downloads, hotel booking assistance, daily newsletters and event announcements, creating a more integrated exhibition experience.

Beyond sourcing and product discovery, IIJS Tritiya 2026 will also place strong emphasis on business networking and industry knowledge exchange. The event will feature Networking Evening gatherings designed to help trade professionals build business relationships and explore collaborations. It will also host Innov8 Talks, where industry experts will discuss jewellery market trends, emerging technologies and broader business insights relevant to the sector.

Premium attendees will have access to the Prime Plus Lounge, which will provide refreshments, high-speed Wi-Fi and a dedicated space for meetings and networking. Meanwhile, The Select Club will return for its second edition at IIJS Tritiya 2026 in Hall 3 after its successful debut. This curated section is intended specifically for luxury buyers and premium retailers and will showcase leading jewellery brands recognised for exceptional craftsmanship, rare gemstones and bespoke high-end jewellery creations. The segment is designed to offer a focused luxury sourcing experience for elite buyers and collectors.

Mega Lucky Draw: Prize Structure and Participation Rules
The Mega Lucky Draw has been positioned as a special engagement initiative to encourage movement and interaction across multiple exhibition halls. Only paid registered gem and jewellery trade buyers attending IIJS Bharat – Tritiya 2026 in Bengaluru are eligible to participate, provided they complete the official Lucky Draw Passport process during the exhibition.

The prizes will be awarded in the following sequence: one Mercedes-Benz for the grand prize winner, followed by one Mahindra Thar, one Maruti Suzuki Grand Vitara, one Maruti Suzuki Swift Dzire, one Hyundai i10, and 10 Honda Activa scooters. All winners will be selected during the live draw event at the venue.

To participate, eligible visitors must collect a physical Lucky Draw Passport from the designated Collection Centre during official show hours. The passport contains marked spaces where participants must gather exhibitor stamps from across the halls. To qualify for the draw, each participant must collect at least 20 unique exhibitor stamps in the prescribed distribution: 8 stamps from exhibitors in Hall 4, 8 stamps from exhibitors in Hall 5, and 4 stamps from exhibitors in Hall 3.

Organisers have specified that stamps must be placed only in the correct numbered boxes within the passport, and each stamp must be the official and unique stamp of the respective exhibitor. Only one passport will be issued per visitor. Participants have also been advised to keep the passport secure, as lost or damaged passports will not be the responsibility of the organisers.

Once the required stamps have been collected, the completed passport must be submitted at the Lucky Draw Validation Desk located in Hall 3. The submission window will open on 22 March 2026 from 3:00 PM to 7:00 PM and continue on 23 March 2026 from 10:00 AM to 12:00 PM. Organisers have made it clear that passports submitted after 12:00 PM on 23 March 2026 will not be accepted under any circumstances.

All validated entries will be included in the Mega Lucky Draw, which will be conducted live on 23 March 2026 at 2:00 PM at the exhibition venue in Bengaluru. Winners will be announced during the live event. Prize winners will be required to submit statutory documents, including PAN and other KYC details, in order to meet tax and regulatory compliance requirements before claiming their prizes.

Who can Participate?
The Mega Lucky Draw is restricted to genuine trade buyers and excludes several categories from participation. Those not eligible include exhibitors, their staff and partners, students, employees of the organisers including GJEPC and its affiliates and their immediate family members, contracted service providers and event agency staff, as well as complimentary badge holders such as media representatives and hosted guests.

This eligibility framework has been designed to ensure that the lucky draw remains focused on trade buyers who are actively attending the exhibition and engaging with exhibitors across Hall 3, Hall 4 and Hall 5.

With over 1,100 exhibitors, more than 1,900 stalls, 60,000+ square metres of exhibition area, over 15,000 expected trade visitors, representation from 500+ Indian cities and participation from 40+ countries, IIJS Tritiya 2026 is shaping up to be one of the most significant jewellery trade gatherings in the country.

Supported by digital services, premium networking zones, knowledge sessions, machinery integration through IGJME Bharat – Tritiya 2026, and a high-value Mega Lucky Draw, the exhibition is expected to play an important role in driving sourcing activity, industry engagement and new business opportunities across the gems and jewellery sector.

FAQs
1. What is IIJS Tritiya 2026 and when will it take place?
IIJS Tritiya 2026 is the 4th edition of a major gems and jewellery trade exhibition. It will be held from March 21 to March 23, 2026, at the Bangalore International Exhibition Centre (BIEC) in Bengaluru.

2. Who can attend IIJS Tritiya 2026?
The exhibition is meant for retailers, wholesalers, manufacturers and jewellery businesses. It is expected to attract trade visitors from Tier I, Tier II and Tier III cities in India, along with international buyers from more than 40 countries.

3. What are the major highlights of IIJS Tritiya 2026?
Key highlights include 1,100+ exhibitors, 1,900+ stalls, over 60,000 square metres of exhibition area, 15,000+ expected trade visitors, visitors from 500+ Indian cities, participation from 40+ countries, Innov8 Talks, Networking Evening events, The Select Club and the Prime Plus Lounge.

4. What is the Mega Lucky Draw at IIJS Tritiya 2026?
The Mega Lucky Draw is an exclusive attraction for paid registered trade visitors attending the exhibition. The prize list includes a Mercedes-Benz, Mahindra Thar, Maruti Suzuki Grand Vitara, Maruti Suzuki Swift Dzire, Hyundai i10 and 10 Honda Activa scooters.

5. How can visitors participate in the Mega Lucky Draw?
Eligible paid registered visitors must collect a Lucky Draw Passport at the venue, gather 20 unique exhibitor stamps — including 8 from Hall 4, 8 from Hall 5 and 4 from Hall 3 — and submit the completed passport at the Lucky Draw Validation Desk in Hall 3 within the official submission window. The live draw will be held on March 23, 2026, at 2:00 PM.

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Organised as part of the industry exhibition, the lucky draw aims to encourage visitor engagement across multiple exhibition halls while offering attractive incentives to trade buyers attending the show.

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IIJS Tritiya 2026: Grand Prizes, Eligibility Criteria and Participation Process
Paid registered visitors participating in the Mega Lucky Draw stand a chance to win an impressive range of prizes. The winners will be selected in the following order:

• Grand Prize: Mercedes-Benz – 1 Winner
• Mahindra Thar – 1 Winner
• Maruti Suzuki Grand Vitara – 1 Winner
• Maruti Suzuki Swift Dzire – 1 Winner
• Hyundai i10 – 1 Winner
• Honda Activa Scooters – 10 Winners

These prizes will be awarded during the live draw event held at the exhibition venue.

The Mega Lucky Draw is open only to gem and jewellery trade buyers who meet the following conditions:

• The participant must have paid visitor registration for IIJS Bharat – Tritiya 2026 in Bengaluru.
• The visitor must personally attend the exhibition at the venue.
• Participation must be completed through the official Lucky Draw Passport process.
• Only visitors who complete the participation process and submit the passport within the specified timeline will be considered eligible for the draw.

Eligible paid visitors must first collect a physical Lucky Draw Passport from the designated Collection Centre at the exhibition venue during official show hours.

The passport includes designated spaces where visitors must collect stamps from exhibitors across the exhibition halls.

To qualify for the lucky draw, the passport must contain at least 20 unique exhibitor stamps, distributed as follows:

• 8 stamps from exhibitors in Hall 4
• 8 stamps from exhibitors in Hall 5
• 4 stamps from exhibitors in Hall 3

Participants must ensure that:

• Stamps are placed in the correct numbered boxes inside the passport.
• Each stamp is the official, unique stamp of the respective exhibitor.
• Only one passport will be issued per visitor.

Visitors are also advised to keep their passports safe, as the organisers will not be responsible for lost or damaged passports.

Once the required stamps have been collected, the completed passport must be submitted at the Lucky Draw Validation Desk located in Hall 3.

Submission Window:

• Opens: 22 March 2026 — 3:00 PM to 7:00 PM
• Closes: 23 March 2026 — 10:00 AM to 12:00 PM

Passports submitted after 12:00 PM on 23 March 2026 will not be accepted under any circumstances. Participants are encouraged to submit their entries well before the deadline to ensure successful validation.

The Mega Lucky Draw will be conducted live on 23 March 2026 at 2:00 PM at the exhibition venue in Bengaluru. All validated entries will be included in the draw, and winners will be announced during the live event.

Prize winners will be required to submit statutory documents such as PAN and other KYC details to comply with tax and regulatory requirements before claiming their prize.

Who Is Not Eligible to Participate?
Certain categories are excluded from participating in the lucky draw. These include:

• Exhibitors, their staff, and partners
• Students
• Employees of IIJS organisers (GJEPC and affiliates) and their immediate family members
• Contracted service providers or event agency staff
• Complimentary badge holders such as media and hosted guests

The Mega Lucky Draw is designed specifically for genuine trade buyers attending the exhibition, ensuring that participants actively engage with exhibitors across the halls.

FAQs
1. Who can participate in the IIJS Tritiya 2026 Mega Lucky Draw?
Only paid registered trade visitors attending the exhibition in person can participate.

2. How many stamps are required to qualify for the lucky draw?
Participants must collect at least 20 unique exhibitor stamps across three halls.

3. How are the stamps distributed among the halls?
Visitors need 8 stamps from Hall 4, 8 stamps from Hall 5, and 4 stamps from Hall 3.

4. When will the Mega Lucky Draw take place?
The lucky draw will be conducted live on 23 March 2026 at 2:00 PM at the exhibition venue.

5. Who is not allowed to participate?
Exhibitors, students, organisers’ employees, media, complimentary badge holders, and event staff are not eligible to participate.

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The concerns carry significant weight, as India is the eighth-largest gem and jewellery exporter globally, with exports accounting for around 3.2% of world trade, and the country holds a dominant position in segments like cut and polished diamonds. With such a strong global footprint, industry leaders stressed that resolving these system-level bottlenecks is crucial to maintaining India’s competitiveness in international markets.

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SOME OF THE HURDLES OF JEWELLERY EXPORT TALKED ABOUT IN THE MEETING

Shipping Bills Not Showing Up in the System
When jewellers export goods, they file a document called a Shipping Bill. Think of it as proof that the jewellery has left India legally.

However, many exporters reported that their Shipping Bills are not reflected in the Export Data Processing and Monitoring System (EDPMS) — the RBI’s system that tracks export payments.

It is a major problem because:

• If the system doesn’t show the export, banks may assume payment hasn’t been received.
• Exporters can face compliance notices.
• Future shipments may get delayed.
• Working capital gets blocked.

In simple words, Jewellers export the goods, but the system doesn’t recognize it properly — and that creates paperwork headaches and financial stress.

Over 500 Manual Import Records Missing
Exporters also import raw materials like gold, diamonds, and gemstones. These imports are recorded through Bills of Entry.

But more than 500 manual Bills of Entry and hand-carry shipment documents are not appearing in the Import Data Processing and Monitoring System (IDPMS).

In simple words:

• The system shows imports as “pending” even when they are completed.
• Banks may question transactions.
• Exporters struggle to reconcile accounts.
• Regulatory compliance becomes difficult.

It is akin to a situation where you are maintaining your bank statement, but half your deposits don’t show up. That’s the kind of confusion exporters are facing.

Problems with Exhibition Exports
Jewellers often send jewellery abroad for exhibitions. They display items, sell some, and bring back the rest. It is a process which sounds simple in theory, but is fairly complicated financially.

Over-realisation or under-realisation of remittances:
If the final payment doesn’t exactly match the original declared value, it creates regulatory complications.

Advance remittances:
Managing advance payments for exhibition shipments is difficult under the current rules.

Third-party remittances:
Sometimes payment comes from a different entity than the buyer. Exporters need clarity on whether that’s acceptable.

In simple terms, if the rules are unclear or systems dont sync, exporters risk penalties, even if the sale is genuine.

WHAT DID GJEPC DO?
At the meeting with the Reserve Bank of India:

• GJEPC submitted a detailed representation outlining these concerns.
• RBI officials acknowledged the operational bottlenecks.
• Authorities assured that the issues would be reviewed on priority.

Senior officials from CBIC, ICEGATE, Customs, and Authorised Dealer (AD) banks were present, allowing direct dialogue between regulators and industry stakeholders.

The RBI also highlighted recent reforms aimed at streamlining online declaration processes — indicating that improvements are underway.

The jewellery export industry isn’t asking for relaxation of rules.

They are asking for:

• Better system integration
• Faster digital updates
• Clearer guidelines
• Practical solutions for exhibition exports

In short, they want systems that match the speed and complexity of global trade.

FAQs
1. What issues did GJEPC raise with the RBI?
GJEPC highlighted problems such as Shipping Bills not appearing in the Export Data Processing and Monitoring System (EDPMS), missing Bills of Entry in IDPMS, remittance mismatches in exhibition exports, and lack of clarity on third-party payments.

2. Why are missing Shipping Bills a serious problem?
If export documents don’t reflect in RBI systems, banks may treat payments as pending, which can lead to compliance issues, delayed clearances, and blocked working capital for exporters.

3. What are the exhibition export challenges?
When jewellers send goods abroad for exhibitions, final payments often differ from initial declarations. This creates regulatory confusion regarding over- or under-realisation of export proceeds and advance remittances.

4. How does this affect India’s global trade position?
India is the eighth-largest gem and jewellery exporter globally. Operational bottlenecks can reduce efficiency, increase costs, and affect competitiveness in international markets.

5. What was RBI’s response?
RBI officials acknowledged the concerns raised by GJEPC and assured that the issues would be reviewed on priority for early resolution.

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WHAT LED TO SUCH A SURGE IN GOLD LOANS?
Two major factors have driven this expansion. First, domestic gold prices have surged roughly 152% over the past two years, substantially boosting the collateral value of household gold holdings. Higher valuations have enabled borrowers to access larger loan amounts against the same physical assets.

Second, regulatory guidance requiring banks to classify loans secured by gold explicitly as gold loans has improved reporting transparency and accelerated balance-sheet recognition in the segment. This reclassification has sharpened visibility into the scale of gold-backed lending across the banking system.

The data also signals a broader structural shift in India’s credit cycle. Personal loans now account for 34.5% of total bank lending, reflecting the growing dominance of consumer-driven credit expansion. Since March 21, 2025, banks have added ₹21.8 lakh crore to their non-food loan books, translating into 12% growth for the financial year to date.

While loans to micro, small and medium enterprises continue to grow steadily, borrowing by large corporations remains relatively muted. Industrial credit has been uneven, contrasting with the strong momentum seen in retail and gold-backed lending.

The trend underscores a distinctive feature of India’s financial ecosystem—households’ vast stock of physical gold, traditionally viewed as a store of wealth, is increasingly being mobilised as collateral for formal banking credit.

In the current credit cycle, it is not factories or infrastructure projects leading the charge, but gold jewellery locked in household vaults. As elevated gold prices and supportive regulatory clarity persist, gold-backed lending is emerging as one of the most dynamic engines of India’s banking growth story.

GOLD LOANS: FAQs
1. How much have gold loans grown recently?
Outstanding gold-backed loans rose 128% year-on-year to ₹4,00,517 crore as of January 31, marking a record high.

2. What is driving the surge in gold loans?
Two key factors: a 152% rise in gold prices over two years, increasing collateral value, and stricter regulatory classification norms that improved reporting transparency.

3. How much have gold loans contributed to overall credit growth?
Gold loans accounted for roughly 9% of incremental bank credit and helped push non-food bank credit growth to 14.4% year-on-year.

4. How significant are personal loans in overall bank lending?
Personal loans now make up 34.5% of total bank lending, highlighting a consumer-driven credit expansion trend.

5. What does this trend indicate about India’s financial system?
It shows that Indian households are increasingly leveraging their physical gold holdings as collateral, shifting gold from a passive store of wealth to an active credit instrument.

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According to the report, they believe that jewellery volumes may witness a sharp decline due to the high price of gold. Organised jewellers are expected to continue outperforming the broader retail sector, supported by strong festive demand, asset-light expansion, and better credit fundamentals.

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JEWELLERY SECTOR OUTLOOK
Ind-Ra’s revision to a neutral outlook reflects the sector’s ability to withstand shocks such as geopolitical tensions, trade disruptions, and demand pressures witnessed in FY26. According to the agency, organised jewellers have demonstrated strong adaptability in a volatile pricing environment.

The rating agency maintained a Stable outlook for its gold retail jewellery portfolio for FY27. Between December 2024 and December 2025:

• 74% of rated entities saw their ratings affirmed
• 15% were upgraded
• 10% were fresh rating assignments
• Only 2% faced downgrades

The upgrades were largely supported by steady same-store sales growth, prudent expansion through lease or franchise-led asset-light models, and diversification into newer markets.

Ind-Ra expects organised jewellers’ revenues to surge 23% YoY in FY26, mainly driven by the sharp rally in gold prices. However, growth is expected to moderate to high-teen levels in FY27 due to a high base effect.

Over FY26–FY28, organised jewellers are projected to grow at a 17% CAGR, significantly faster than the 7% CAGR expected for unorganised players. The agency believes trust, transparency, and regulatory compliance will continue to give organised retailers a competitive edge.

JEWELLERY SECTOR OUTLOOK: INVESTMENT OPPORTUNITY
Jewellery volumes are expected to drop sharply in FY26 — potentially the steepest decline seen since the pandemic — as high gold prices dampen affordability. However, strong buying during the festive and wedding seasons in the second half of FY26 has improved overall revenue expectations.

Industry players are reshaping consumer behaviour to accept elevated gold prices as the “new normal” by:

• Increasing the share of studded jewellery
• Promoting lower-purity gold (9k, 14k, 18k)
• Offering lightweight and ultra-light designs for mass consumers

This shift is aimed at accelerating inventory turnover and maintaining demand momentum despite high prices.

Ind-Ra expects the credit profile of organised jewellers to strengthen in FY27, supported by:

• Increasing store scale and contribution from new outlets
• Rising EBITDA to absorb higher interest costs
• Continued preference for asset-light expansion

While borrowings may remain high due to elevated inventory requirements, net leverage is expected to stay below FY25 levels. Interest coverage ratios are also projected to improve marginally.

However, free cash flow deficits are likely to persist in FY26 and FY27, as the ongoing gold price rally increases working capital needs. Funding availability remains critical, even though higher inventory valuations provide potential room for working capital limit enhancements.

With gold delivering exceptional returns compared to other asset classes, investment demand is expected to remain steady. In a volatile pricing environment, most jewellers are likely to continue hedging through daily or weekly replenishment models to average out procurement costs.

Ind-Ra believes that overall revenue growth will remain intact, as price gains offset volume declines and volume growth compensates during periods of price correction.

Overall, while record-high gold prices pose short-term challenges to volumes and liquidity, the organised retail jewellery sector appears structurally well-positioned to sustain growth and improve its credit profile through FY27.

JEWELLERY SECTOR OUTLOOK: FAQs
1. Why did India Ratings revise the jewellery sector outlook to neutral for FY27?
The outlook was revised to neutral as the sector has shown strong resilience against geopolitical tensions, trade disruptions, and demand pressures, positioning it as a stable outperformer within the retail segment.

2. What is the revised revenue growth forecast for FY26?
India Ratings has increased its FY26 revenue growth estimate by 600 basis points to 23% year-on-year, mainly due to the sharp rise in gold prices.

3. Will jewellery demand decline despite higher revenues?
Yes, jewellery volumes are expected to decline sharply in FY26 because of high gold prices. However, higher prices are likely to offset volume weakness, keeping overall revenue growth strong.

4. How are organised jewellers expected to perform compared to unorganised players?
Organised jewellers are projected to grow at a 17% CAGR over FY26–FY28, significantly faster than the 7% growth expected for unorganised players, supported by trust, regulatory compliance, and better access to funding.

5. What are the key financial risks facing jewellers in FY26 and FY27?
The main risk is elevated working capital requirements due to high gold prices, which may lead to higher borrowings and continued free cash flow deficits, even though profitability and interest coverage are expected to improve.

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WHAT IS IAGES?

IAGES functions as a Self-Regulatory Organisation created by and for the Indian gold industry to standardise the entire gold value chain. It caters to proprietors engaged in gold refining, bullion trading, manufacturing, assaying and hallmarking, retailing, and digital gold selling.

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PNG JEWELLERS AND IAGES

With a legacy of more than 194 years, PNG Jewellers is counted among India’s oldest and most esteemed jewellery brands, widely recognised for its trust, excellence, and craftsmanship. Building upon its already stringent internal systems, PNG Jewellers has now secured IAGES accreditation after undergoing a comprehensive evaluation and verification process conducted by an independent third-party assessor.

“Each decade, we aim to better governance, process integrity and responsible sourcing practices across our operations, while meeting changing consumer expectations. The IAGES accreditation verifies and reinforces our highest internal standards for the benefit of our consumers. All registered gold entities in India should work towards accreditation so that the industry can be united in building long-term credibility and trust with customers,” said Dr. Saurabh Gadgil, Chairman & Managing Director, PNG Jewellers.

Welcoming the move, Kaushlendra Sinha, CEO, IAGES said, “We welcome PNG Jewellers to the IAGES network. Their long-standing legacy and reputation gets a further boost with this accreditation, adding another layer of trust and confidence amongst buyers. In a country where gold has been bought by generations across the strata of society to celebrate different emotions, a consumer-friendly framework has always been amiss. IAGES fills in that gap.”

With an increasing number of jewellery brands aligning themselves with the IAGES framework, the Indian gold industry is advancing further toward formalisation and enhanced sector-wide credibility. IAGES is presently conducting a nationwide consumer awareness initiative under the banner #PehlaCheckIAGES, encouraging consumers to verify IAGES accreditation before selecting their gold retailer.

IAGES FAQs

1. What is IAGES?
IAGES (Indian Association for Gold Excellence and Standards) is a self-regulatory organisation created by and for the Indian gold industry to standardise and strengthen governance across the entire gold value chain.

2. Which company recently received IAGES accreditation?
PNG Jewellers (PN Gadgil Jewellers Ltd), a 194-year-old legacy jewellery brand, has received IAGES accreditation after independent third-party assessment and verification.

3. What does IAGES accreditation signify?
It signifies adherence to high standards of ethical business practices, governance, responsible sourcing, process integrity, and consumer-focused operations.

4. Which sectors of the gold industry fall under IAGES’ framework?
IAGES covers gold refining, bullion trading, manufacturing, assaying and hallmarking, retailing, and digital gold selling.

5. What is the #PehlaCheckIAGES campaign?
#PehlaCheckIAGES is a nationwide consumer awareness initiative encouraging buyers to verify IAGES accreditation before choosing their gold retailer to ensure trust and transparency.

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The release of the guide comes at a time when exporters are increasingly targeting the Gulf region for growth, supported by strong consumer demand, re-export opportunities, and strategic trade agreements.

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GCC CUSTOMS GUIDE: OVERVIEW

The Gulf Cooperation Council (GCC) includes six countries, namely- United Arab Emirates, Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait. And this guide covers all import procedures across all six countries.

All six countries broadly follow a 5% common customs duty on most imported goods, including jewellery. However:

• VAT rates differ.
• Hallmarking rules differ.
• Sales permissions under temporary imports differ.
• Documentation and approvals are country-specific.

GCC CUSTOMS GUIDE: STANDARD IMPORT PROCESS

All countries in the GCC follow a similar structure:

1. Classify product
   • Confirm HS code
   • Confirm CIF value
   • Check if Kimberley Process (KP) or hallmarking applies
2. Importer setup
   • Commercial registration
   • Customs code
   • Broker appointment
3. Prepare documents
   • Commercial invoice
   • Packing list
   • Certificate of origin
   • AWB/BL
   • Permits (if required)
4. Customs declaration
   • Submit in country portal (or via broker)
5. Pay duty + VAT (if applicable)
6. Inspection & release
   • Risk-based inspection
   • Goods cleared to mainland or free zone

GCC CUSTOMS GUIDE: TAX & DUTIES OF GCC COUNTRIES

United Arab Emirates (UAE)

• Customs duty is generally 5%.
• However, imports from India can attract 0% duty under CEPA, provided a valid Certificate of Origin (COO) is submitted.
• VAT is charged at 5%.
• Duty is often deferred when goods enter through free zones and becomes payable upon entry into the mainland.

Saudi Arabia

• Customs duty is 5%.
• VAT is significantly higher at 15%.
• Only jewellery of 18 karat purity and above is legally permitted for import and sale.

Qatar

• Customs duty is 5%.
• VAT has not yet been introduced.
• Legalization charges may apply based on invoice value.

Oman

• Customs duty is 5%.
• Imports from India may qualify for 0% duty under the applicable Free Trade Agreement, subject to valid origin documentation.
• VAT is charged at 5%.
• Import declarations must be filed through the Bayan customs system.

Bahrain

• Customs duty is 5%.
• VAT is charged at 10%.
• Imported precious metals and jewellery must undergo assay and hallmarking through the Ministry of Industry, Commerce and Tourism (MOIC).

Kuwait

• Customs duty is 5%.
• VAT has not yet been introduced.
• Inspection and stamping (hallmarking) of imported jewellery is mandatory under the supervision of the Ministry of Commerce and Industry (MOCI).

COUNTRY-SPECIFIC KEY RULES

According to the GCC Customs Guide:

United Arab Emirates

• Customs duty: 5% of CIF
• VAT: 5%
• India CEPA benefit: 0% duty (with valid COO)
• Free zones: Duty deferred until mainland entry
• Rough diamonds: Must comply with Kimberley Process
• Hallmarking regulated
• Clearance time: ~1 business day (Dubai)
• ATA Carnet allowed
• Sales allowed with duty + VAT payment

Official authority: Dubai Customs

Saudi Arabia

Handled by Zakat, Tax and Customs Authority (ZATCA)

• Customs duty: 5%
• VAT: 15% (highest in GCC)
• Only 18K and above jewellery allowed
• CITES certificate required
• Hallmarking mandatory
• Online broker authorization required
• Ports: Riyadh, Jeddah, Dammam
• Clearance: 2–3 working days
• ATA Carnet allowed
• Sales NOT allowed under temporary import

Qatar

• Customs duty: 5%
• No VAT
• Legalization charges apply based on invoice value
• Pre-import documentation required
• Rough diamonds: Kimberley Process required
• Assay/purity verification may be required
• Clearance: 1 business day (Doha)
• ATA Carnet allowed
• Sales allowed with duty payment

Oman

• Customs duty: 5%
• India FTA: 0% duty with COO
• VAT: 5%
• Mandatory registration in Bayan system
• Hallmarking required
• Clearance: 1 business day (Muscat)
• ATA Carnet allowed
• Sales NOT allowed under temporary import

Brahrain

• Customs duty: 5%
• VAT: 10%
• Assay & hallmarking via Ministry of Industry & Commerce
• Clearance: 2 business days (Manama)
• ATA Carnet allowed
• Sales allowed with duty + VAT payment

Kuwait

• Customs duty: 5%
• No VAT
• Ministry of Commerce & Industry (MOCI) supervises hallmarking
• Import license required
• Clearance: 2 business days
• ATA Carnet NOT allowed
• TIB allowed
• Sales allowed with duty payment

SPECIAL COMPLIANCE REQUIREMENT

1. Rough Diamonds

• Must comply with Kimberley Process (KP)
• Sealed, tamper-resistant packaging required

2. CITES Certificate

Required for certain gemstones and wildlife-based materials.

3. Hallmarking / Assay

Required in all GCC countries before retail sale:

• Metal fineness must be declared (e.g., 750 / 18K)
• Inspection by accredited authority
• Stamping mandatory

4. Invoice Requirements

Invoices must clearly mention:

• HS code
• Metal purity
• Stone type
• Weight
• CIF value
• Country of origin

With the GCC accounting for over a quarter of India’s global gems and jewellery exports, the release of the GCC Customs Guide comes at a strategically important time for the industry. By consolidating critical information on duties, VAT structures, compliance norms and clearance procedures into a single reference document, GJEPC has equipped exporters with a practical tool to navigate regulatory complexities with greater confidence.

As competition intensifies and margins tighten, structured compliance and efficient shipment planning could prove decisive in strengthening India’s presence across key Gulf markets.

FAQs

1. What is the standard import duty on gems and jewellery in GCC countries?

Most GCC countries broadly follow a 5% import duty regime on gems and jewellery. However, the exact duty may vary depending on the HS code, product category (bullion vs jewellery), and applicable trade agreements.

2. Are there VAT differences across GCC markets?

Yes. VAT rates differ by country:

• UAE – 5%
• Saudi Arabia – 15%
• Oman – 5%
• Bahrain – 10%
• Qatar – No VAT currently
• Kuwait – No VAT currently

Exporters must factor in these variations while calculating landed costs.

3. Are there any duty concessions available for Indian exporters?

Yes. Under the India-UAE CEPA, eligible exports to the UAE may qualify for 0% duty, subject to proper Certificate of Origin (COO). Oman also offers concessional or zero-duty access under applicable Free Trade Agreements, provided origin documentation is correctly submitted.

4. Is hallmarking mandatory in GCC countries?

Yes. All GCC countries require assay and hallmarking of precious metals before retail sale. Jewellery must meet declared purity standards (for example, 18K or above in Saudi Arabia), and inspection is carried out by accredited authorities in each country.

5. What special compliance requirements apply to diamonds and restricted materials?

• Rough diamonds must comply with the Kimberley Process Certification Scheme (KPCS).
• Certain materials may require CITES certification.
• Proper documentation, detailed invoices (including metal fineness, weight, and HS code), and regulatory approvals are essential to avoid shipment delays.

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