The Bangladesh Jewellers Association (BAJUS) has set a target of exporting $7 billion worth of gold and diamond jewelry to the international market within five years. To achieve this goal, the organization has outlined plans for policy reform, easier imports, and the establishment of modern factories and a diamond-processing unit.
BAJUS President Enamul Haque Khan made the remarks in a written statement Saturday at the “BAJUS Jewellery Fashion Carnival 2026” event.
Commerce Minister Khondaker Abdul Muktadir attended as chief guest. Water Resources Minister Shahiduddin Chowdhury Annie attended as special guest. Also present were former NBR Chairman Abdur Rahman Khan, along with representatives from various government departments and diplomats.
The written statement said that since its founding in 1966, BAJUS has served as the voice of about 40,000 businesses and 400,000 craftspeople across the country. About 2.8 million people depend directly or indirectly on this sector for their livelihood. The statement expressed gratitude to Prime Minister Tareque Rahman for providing tax and VAT relief in the 2026-27 fiscal year budget.
BAJUS said that alongside domestic reforms, its main goal is exporting world-class jewelry to the international market. Identifying unclear policy as one of the industry’s main obstacles, it said that easing the path for imports through non-discriminatory policy could allow jewelry to be sold in the domestic market for at least 30,000 taka less per bhori.
BAJUS expects that if the “Gold Policy 2018 (Amended) 2026” is implemented, the government will earn 20 billion to 25 billion taka in annual revenue from this sector. At the same time, if undisclosed gold currently in the market is allowed to be declared through a one-time fee, the government could collect 5 billion to 7 billion taka in revenue. It also said this would make it possible to create a digital database of the country’s total gold reserves.
BAJUS has also set a target of building 500 new modern factories by 2030, drawing on the skills of domestic craftspeople. These factories are expected to create 50,000 direct and 100,000 indirect jobs, and contribute an additional 0.5 percent to GDP. Toward this goal, it has demanded the allocation of a specialized economic zone called “Sworno Polli” (Gold Village) on 10 bighas of land within Dhaka.
It also called for the Rough Diamond Import-Export (Control) Rules, 2006, and excess import duty rates to be reduced to bring them in line with neighboring countries. BAJUS said that if a diamond-processing unit could be set up at the proposed Sworno Polli, it could create 5,000 to 10,000 new jobs and make possible about $2 billion a year in diamond-jewelry exports by 2031.
BAJUS’s statement said that if import channels are eased through updated policy reforms, a total of $7 billion worth of gold and diamond jewelry exports to the international market would be achievable by 2030-31. It also expressed hope that this would turn the jewelry sector into the country’s second-largest source of foreign currency.
The statement closed with thanks and gratitude to the guests and dignitaries present, along with Azad Ahmed, chairman of the carnival’s organizing committee, and members of its various subcommittees.
বাংলায় মূল প্রতিবেদন পড়ুন · Read the original Bengali report