{"id":13118,"date":"2025-11-19T06:42:52","date_gmt":"2025-11-19T06:42:52","guid":{"rendered":"https:\/\/jewellerynewsindia.com\/?p=13118"},"modified":"2025-11-19T06:43:10","modified_gmt":"2025-11-19T06:43:10","slug":"statement-by-kirit-bhansali-chairman-gjepc-on-export-performance-gold-imports-and-industry-outlook","status":"publish","type":"post","link":"https:\/\/jewellerynewsindia.com\/index.php\/2025\/11\/19\/statement-by-kirit-bhansali-chairman-gjepc-on-export-performance-gold-imports-and-industry-outlook\/","title":{"rendered":"Statement by Kirit Bhansali, Chairman, GJEPC, on Export Performance, Gold Imports, and Industry Outlook"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized has-custom-border\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/11\/IMG-3-6.jpeg\" alt=\"\" class=\"wp-image-13120\" style=\"border-width:3px;border-radius:5px;width:687px;height:auto\" srcset=\"https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/11\/IMG-3-6.jpeg 1000w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/11\/IMG-3-6-300x180.jpeg 300w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/11\/IMG-3-6-768x461.jpeg 768w, https:\/\/jewellerynewsindia.com\/wp-content\/uploads\/2025\/11\/IMG-3-6-600x360.jpeg 600w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>\u201cThe April\u2013October period demonstrates the steady, resilient momentum of India\u2019s gem and jewellery industry despite a challenging global environment. Exports during these seven months reached US$16.26 billion \u2014 a modest 2.72% dip in dollar terms \u2014 while in rupees they rose by 0.86% to \u20b91,41,101.69 crore. It is encouraging to note robust year-to-date growth in major categories such as gold, silver, and platinum jewellery, driven by healthy retail demand in key international markets. These results highlight the sector\u2019s inherent strength and adaptability.\u201d<\/p>\n\n\n\n<p>\u201cAs expected, October 2025 was relatively subdued. This aligns with the industry\u2019s usual cycle, since global retailers typically complete their holiday-season inventory purchases between August and September, and domestic manufacturing slows down during Diwali. Some major markets also saw inconsistent demand due to tariff-related concerns in the U.S. and continued weakness in China. These combined factors resulted in a temporary slowdown, but they do not detract from the overall positive trajectory seen so far this fiscal year.\u201d<\/p>\n\n\n\n<p>\u201cGoing forward, we see solid grounds for a gradual recovery. The Government\u2019s ongoing initiatives \u2014 including the Export Promotion Mission, the Credit Guarantee Scheme for Exporters, and the <a href=\"https:\/\/www.rbi.org.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">RBI<\/a>\u2019s trade-support measures \u2014 directly address long-standing industry challenges around high finance costs, limited liquidity, extended export cycles, and constrained access for smaller exporters. These policies are already strengthening competitiveness by improving credit availability, reducing compliance pressures, and bolstering branding, certification, and global market-entry support. Together, they create a far more conducive environment for stability and growth.\u201d<\/p>\n\n\n\n<p>\u201cWe are also intensifying India\u2019s reach in promising overseas markets such as the Middle East, Latin America, Cambodia, and Vietnam. Through trade delegations, buyer\u2013seller interactions, and promotional initiatives, we are opening fresh opportunities and deepening long-term global partnerships. The India\u2013UK Free Trade Agreement is expected to further elevate our competitiveness, similar to the impact of the India\u2013UAE CEPA, which has significantly boosted jewellery exports.\u201d<\/p>\n\n\n\n<p>\u201cDomestically, the recent spike in gold imports must be viewed in context. October\u2019s rise was primarily driven by festive and wedding-season demand, higher consumer liquidity after GST reforms, and a nearly 50% surge in global gold prices \u2014 which pushed up the value of imports. In volume terms, however, the situation remains stable. Gold imports from April to October 2025 grew only 2.3%, rising from 461.85 tonnes to 472.53 tonnes. This makes it clear that underlying consumption patterns are unchanged; consumers simply paid more for approximately the same quantity. The October increase reflects seasonal buying, cultural preferences, and investment sentiment \u2014 all indicators of healthy consumer confidence.\u201d<\/p>\n\n\n\n<p>\u201cWith India\u2019s strong capabilities in design, craftsmanship, technology, and manufacturing scale, supported by a more favourable policy climate, our industry is well-positioned to manage short-term volatility and progress steadily toward long-term, sustainable growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe April\u2013October period demonstrates the steady, resilient momentum of India\u2019s gem and jewellery industry despite a challenging global environment. Exports during these seven months reached US$16.26 billion \u2014 a modest 2.72% dip in dollar terms \u2014 while in rupees they rose by 0.86% to \u20b91,41,101.69 crore. It is encouraging to note robust year-to-date growth in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Statement by Kirit Bhansali, Chairman, GJEPC, on Export Performance, Gold Imports, and Industry Outlook - JNI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jewellerynewsindia.com\/index.php\/2025\/11\/19\/statement-by-kirit-bhansali-chairman-gjepc-on-export-performance-gold-imports-and-industry-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Statement by Kirit Bhansali, Chairman, GJEPC, on Export Performance, Gold Imports, and Industry Outlook - JNI\" \/>\n<meta property=\"og:description\" content=\"\u201cThe April\u2013October period demonstrates the steady, resilient momentum of India\u2019s gem and jewellery industry despite a challenging global environment. Exports during these seven months reached US$16.26 billion \u2014 a modest 2.72% dip in dollar terms \u2014 while in rupees they rose by 0.86% to \u20b91,41,101.69 crore. 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