The Gem & Jewellery Export Promotion Council (GJEPC) has sought the government’s support for the generic promotion of diamonds in international markets to protect jobs, safeguard exports, and preserve millions of livelihoods while ensuring India’s global leadership in diamond exports. Vipul Shah, chairman of GJEPC who met Union Finance Minister Nirmala Sitharaman recently has sought…
Chairman of Adani Group, Gautam Adani, termed the falling gems and jewellery exports a ‘wake-up call’ that signals both temporary and permanent challenges. Adani said this in his keynote address at the 51st India Gem & Jewellery Awards in Jaipur. oN the gems and jewellery sector, he said, “India is the jewel in the global…
Representative image Kolkata: Escalation of the Iran-Israel conflict is likely to benefit the exports of cut and polished diamonds (CPD) from India, as shipments from Israel to the global markets are expected to fall significantly. But the possibility of its effect spilling over into oil prices, in turn hurting the global economy, is a risk…
Representative image The exports of gems and jewellery from India in August witnessed a decline of 18.79 per cent to USD 2012.51 million as compared to USD 2478.23 million for the same period last year, according to data released by the Gem & Jewellery Export Promotion Council GJEPC). This decline in exports can be attributed…
The Lab-grown Diamonds (LGDs) exports are expected to witness a revival in FY25, with exports expected to grow by 7-9% to reach a value of~US$1500-1530 million, according to CareEdge Advisory. LGD exports have been declining in recent time, and have seen around 16.5% decline y-o-y for FY24. While the sales volume of LGDs have been…
India’s cut and polished diamond exports in 2023/24 plunged 27.5% from a year ago to a $15.97 billion due to sluggish demand from the United States, China and the United Arab Emirates, a leading trade body said on Monday. The fall in exports forced the world’s biggest diamond polisher to reduce imports of rough diamonds…
Kolkata: Diamond exporters in India are in a dilemma as their buyers of cut and polished diamonds in the US and Europe are demanding source declarations for even small diamonds that are currently exempt from sanctions imposed on Russia following the Ukraine invasion. Exporters said many dealers and jewellers in G7 nations have declined to…
Representative Image India’s diamond exports to the US have fallen amid a slump in demand following the Federal Reserve’s decision not to cut interest rates, which traders said dampened consumer sentiment. Purchasing power of US consumers remains muted as interest cost stays high, they said, although the holiday season saw a short-lived uptick in sales….
