BUDGET REACTIONS QUOTES-2025
Avama Jewellers by Abhishek Kajaria
Spokesperson – Abhishek Kajaria, Founder and Owner
The Union Budget 2025-26 presents a promising outlook for the gem and jewellery industry, with measures aimed at boosting disposable income and strengthening the manufacturing and export sectors. Policies that enhance ease of doing business and support industry growth will further solidify India’s position as a global jewellery hub. Continued focus on innovation, skill development, and sustainability will be key drivers for long-term progress, ensuring the industry remains competitive in both domestic and international markets.
Indian Gem and Jewellery Creation
Spokesperson – Pratik Dugar, Director
We were expecting reduction in the import of gold duty & polished diamond but there has been no change in the gem & jewellery sector.
“No news is also a good news sometimes and stability allows businesses to operate without disruptions.
Mahabir Danwar Jewellers
Spokesperson – Sandeep Soni, Director
On 01.02.2025, honorary FM Mrs. Nirmala Sitharaman presented the Consecutive 8th Union Budget which is a record. As our industry always remain very hopeful for the sops. But this year there was no changes on any fronts in jewellery sector. There was some changes in tax slabs which was a relief for common people. Rather focus was on –
*MSME
*Investment
*Export
*Agriculture
*Renewable Sector
Allocations has been given to Defense, Health, Education sectors.
Key highlights-
* Secure inclusive development
* Accelerate growth
* Enhance spending power of India
* Rising middle class
* Invigorate private sector investment
* Uplift household sentiments.
We are very hopeful for our jewellery sector to grow many folds.
Crisanto Jewels
Spokesperson – Bharti Bangur, Founder and Owner
The Union Budget 2025-26’s continuation of the 6% import duty is expected to maintain the status quo in the jewelry sector. Although focus on increasing disposable income through tax reforms is a positive step for the jewellery industry. With greater purchasing power, consumers may be more inclined to invest in fine jewellery, both as a luxury and an asset. Additionally, any initiatives supporting manufacturing and exports will contribute to the industry’s growth, ensuring a stronger market presence both domestically and internationally.
