Indian diamond industry to resume rough diamond imports from December 15 – ET Retail

Indian diamond industry will resume rough diamond imports from December 15, two months after it voluntarily suspended the imports in the wake of low demand. The suspension was in effect from October 15-December 15. The suspension was collectively taken by the Gems and Jewellery Export Promotion Council (GJEPC), Bharat Diamond Bourse, Mumbai Diamond Merchants Association,…

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Local lab-grown diamond firms eye good business as world’s biggest firm goes bust – ET Retail

Surat: The lab-grown diamond (LGD) making units here are sniffing an opportunity to increase their business with the US’s biggest LGD-making firm filing for bankruptcy. According to a bulletin issued by the Gem and Jewellery Export Promotion Council (GJEPC), Washington-based WD Lab-Grown Diamonds has US $44 million in liabilities, while its assets amounted to US…

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