GJEPC expects the deal to reshape the trade by improving the price competitiveness of Indian products across categories, including diamond jewellery, coloured gemstone jewellery, silver jewellery and lab-grown diamond jewellery
| Photo Credit:
FRANCIS MASCARENHAS
With the implementation of India–UK Free Trade Agreement (FTA) from July 15, the Gem and Jewellery Export Promotion Council (GJEPC) expects the deal to reshape the trade by improving the price competitiveness of Indian products across categories, including diamond jewellery, coloured gemstone jewellery, silver jewellery and lab-grown diamond jewellery.
GJEPC estimates that India’s gem and jewellery exports to the UK can more than triple from $2.5 billion to $7 billion over the coming years on the back of bilateral trade.
To help the industry capitalise on these opportunities from the outset, GJEPC has organised the second edition of the India–UK Buyer-Seller Meet 2026 at Emirates Arsenal Stadium, London.
Nidhi Mani Tripathi, Minister (Economic), High Commission of India, London, said the Buyer-Seller meet will play a vital role in fostering business collaborations and unlocking new opportunities. With bilateral trade currently at about $56 billion expected to touch $120 billion by 2030-31, said Tripathi.
New opportunities
Kirit Bhansali, Chairman, GJEPC said duty-free access to the UK market will enhance the attractiveness of Indian products and create new opportunities across key product segments.
“We are confident of increasing India’s gem and jewellery exports to the UK from the current $754 million to about $2.5 billion over the next few years, while contributing to the growth of bilateral trade in the sector to nearly $7 billion,” he said”
Sellers from India are engaging with over 50 prominent UK buyers, including retail chains, wholesalers and independent retailers, providing a platform to translate the opportunities created by the FTA into long-term commercial partnerships.
In 2025, India’s exports to the UK stood at about $754 million, while imports from the UK reached about $3.07 billion, taking total bilateral trade in the sector to USD 3.83 billion. The FTA is expected to further strengthen these trade flows by reducing costs, improving ease of market access and encouraging deeper sourcing partnerships between businesses in both countries.
Published on July 8, 2026
