Manoj Kumar Jha, Managing Director, Kamakhya Jewels Limited
The Union Budget presents a balanced and forward-looking framework for the gems and jewellery industry, strengthening macro-economic stability, policy clarity and long-term growth visibility. Continued emphasis on infrastructure development, manufacturing strength and export-led expansion improves the overall operating environment across the value chain—from artisans to organised manufacturers and exporters.
Importantly, the government’s decision not to increase customs duty on gold imports sends a strong and reassuring signal to the industry, supporting price stability, consumer sentiment and business planning. In addition, the removal of the ₹10 lakh cap on courier exports is a progressive reform that will significantly boost e-commerce, enable MSMEs and independent designers to access global markets more efficiently, and enhance India’s competitiveness in cross-border jewellery exports.
As disposable incomes improve and global uncertainties persist, gold and jewellery will continue to play a dual role as aspirational consumption products and trusted stores of value. Overall, the Budget strengthens confidence and lays a solid foundation for sustainable domestic and international growth.
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
