At the invitation of the Prime Minister of the United Kingdom, Sir Keir Starmer, Prime Minister Shri Narendra Modi will pay an official visit to the United Kingdom from 23 – 24 July 2025. This will be Prime Minister Modi’s fourth visit to the UK. During the visit, both leaders are likely to sign & seal the India – UK Free Trade Agreement (FTA).
Previously, Hon’ble Prime Minister of India Shri Narendra Modi and Hon’ble Prime Minister of the United Kingdom Keir Starmer have announced the successful conclusion of a mutually beneficial India – UK Free Trade Agreement (FTA) on the sidelines of the G-20. (previously Hz has reported)
In the meantime, GJEPC has taken several initiatives to boost the strategic India – UK Free Trade Agreement (FTA) . According to the GJEPC, “United Kingdom (UK) and India share a dynamic and evolving bilateral relationship, characterised by strategic collaboration, cultural ties, and robust trade. The historical ties between India and UK have significantly transformed over the years and turned into multi-faceted, and mutually beneficial in recent times.
The strategic relationship between the two countries has grown strength to strength over a period of time. UK has been a key trading partner for India and is a potential market for Indian exporters, particularly in the Gems and Jewellery (G&J) sector. The UK’s robust $17.5 billion G&J industry, coupled with its increasing consumer demand for luxury, ethical, and sustainable products, offers immense opportunities for businesses in India.”
GJEC initiatives suggest, with an aim to enhance India’s brand visibility in untapped emerging markets like the UK, GJEPC has undertaken many initiatives such as the e-commerce cell, global trade delegations, promotions through international coordinators and brand India advertising in international publications.
GJEPC is also undertaking efforts to attract foreign direct investment (FDI) in initiatives like the India Jewellery Park in Mumbai to further bolster India’s competitiveness and become a world leader in manufacturing and trading jewellery products in the global market.
GJEPC’s initiatives to enhance participation in events such as the London Jewellery Show in September 2024 offered a strategic platform for showcasing India’s rich jewellery-making heritage and modern design sensibilities to a global audience.
Indian exporters can adopt sustainable practices to cater to the growing demand of UK consumers for customized and lightweight designs jewellery and capitalize on their seasonal and occasion-based jewellery trends. India must enhance its export reach by focusing on underutilized product segments and leveraging consumer interest in eco-friendly and customizable jewellery.
UK represents a promising market with growing demand for high-quality, sustainable, and uniquely designed jewellery. By aligning with evolving consumer preferences, embracing technology, and leveraging trade agreements, Indian G&J exporters can significantly enhance their market presence. The insights and strategies outlined in this report provide a roadmap for Indian exports to increase their market penetration to UK seamlessly.
This GJEPC report highlights the key aspects of India-UK interdependence, with a focus on the Gems and Jewellery (G&J) sector, giving a glimpse into the UK’s market landscape and export potential for Indian G&J products. The aim is to provide strategic insights to Indian exporters looking to start or enhance their exports in UK.
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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.
