India’s gem and jewellery exports to the US saw a significant 44.42% drop to US$ 3.86 billion in April-December 2025, driven by tariff pressures and weak demand. Despite this, overall exports remained stable at US$ 20.75 billion, bolstered by strong growth in markets like the UAE and Australia, highlighting successful diversification strategies.

The Philippines is considering reducing value-added tax (VAT) and introducing more fiscal support to enhance the cost competitiveness of domestic garments.
The 12-per cent VAT rate in the country is the highest in the region.
Domestic garment manufacturers and exporters have been complaining about rising costs and tougher competition in the global market, Trade secretary Cristina Roque said.

Trade body BGMEA and ActionAid Bangladesh recently signed an MoU to work as strategic partners in advancing the sustainable transformation of the garment sector.
Beginning this month, the MoU will remain effective for five years.
The partnership aims at ensuring human rights and environmental due diligence, strengthening compliance capacity and improving the overall quality of life of garment workers.

Designer Tarun Tahiliani is setting the stage for an ambitious growth trajectory, aiming to expand his brand to ₹600-700 crore. He’s honing in on ready-to-wear and premium lines, including Tasva and OTT, while also prioritising the vital aspect of physical retail growth.

Sachin Tendulkar’s brand, Ten X You, has launched on Myntra. The brand aims to encourage an active lifestyle across India. It offers a wide range of sports and athleisure wear. The collection includes footwear and apparel designed for comfort and versatility. This launch caters to everyday consumers seeking enjoyable and accessible sports integration into their lives.

Ghana is collaborating with the private sector to set up three new garment units, generating 27,000 direct jobs under the 24 Hour Economy Policy.
The facilities will be located in the Central, Bono East and Eastern regions, with each factory expected to operate 24 hours to maximise productivity.
Each unit can employ 3,000 workers per shift.
Contracts have been secured to ensure demand-driven production.

Indian textile and apparel exports saw a slight dip in the first nine months of FY26. Textile shipments declined, while apparel exports showed growth. Restrictions in Bangladesh and market uncertainties in the US impacted yarn and fabric sales. Some exporters offered discounts to maintain sales volumes. Companies heavily reliant on the US for home textiles faced significant challenges.

Lithuania’s apparel imports rebounded strongly in 2025, signalling stabilising demand across the Baltic retail market.
European suppliers continue to dominate, with Poland further strengthening its lead and reinforcing near-shoring trends.
China is slowly gaining share in basic, price-driven categories.
Overall sourcing remains firmly Europe-centric despite the recovery.

Kalyan Jewellers India Ltd has appointed Radhika Ramani and C.R. Rajagopal as additional non-executive independent directors. These appointments are effective January 14, 2026, and will last for five years. Ramani brings extensive experience in media and growth strategy. Rajagopal is a chartered accountant with deep expertise in finance and governance.

The AAFA has announced the honourees for its 2026 American Image Awards, marking fifty years of celebrating fashion leadership and collaboration.
Recipients include Fabletics, Zac Posen, Avery Dennison, Timberland, AFIRM Group, BBC International executives Seth Campbell and Josue Solano, and artist Ruben Toledo.
The gala will be held on April 21, 2026, at Gotham Hall in New York City.