Mumbai: The Gem & Jewellery Export Promotion Council (Gjepc) on Tuesday entered into a partnership with the De Beers Group to strengthen the support for natural diamonds within the Indian gem and jewellery trade. The collaboration titled, INDRA – Indian Natural Diamond Retailer Alliance, will focus on supporting independent retailers in India with tools that…
The generic promotion of natural diamonds by the Indian diamond trade in the Chinese market in association with the largest jewellery retail chain in China Chow Tai Fook and De Beers has failed to enthuse Chinese consumers to buy the rock. The trade had raised Rs 15 crore through crowdfunding for the generic promotion of…
Representational Image The India International Jewellery Show (IIJS) Signature will be able to generate business worth Rs 30,000-35,000 crore this year, Gem & Jewellery Export Promotion Council (GJEPC) Chairman Vipul Shah said on Saturday. Speaking at the first day of IIJS Signature, he said the council is hopeful that all its 2025-26 Budget expectations will…
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…
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…
Kolkata: The 5,000 diamond-cutting and polishing units in Surat that employ more than a million workers have slashed work hours from 12 hours to 8 hours and increased weekly holidays to three from one, thereby reducing wages, as demand from overseas markets is still very low after muted response from Chinese buyers at the recently…
The export of plain gold jewellery continues to soar, marking a significant 27.45% increase, reaching USD 342.27 million in April 2024, compared to USD 268.56 million in the same month the previous year. The overall exports of gems and jewellery declined 11.37% to USD 2074.85 million in April 2024, as compared to the same period…
Indian diamond jewellery market will grow to US$ 17 bn by 2031 out of India’s total gem & jewellery of US$ 120 bn from $ 79 bn in 2021. 2024 is likely to be a record year for gold mine production and jewellery demand will be firm but vulnerable to gold prices. This was revealed…
UAE and Bahrain accounted for over 85% of India’s plain gold jewellery exports in FY24, according to figures released by the Gem & Jewellery Export Promotion Council (GJEPC). For FY24, overallexports of plain gold jewellery from India surged by 61.72% to US$ 6792.24 million as compared to US$ 4199.96 million in FY23. Total gold jewellery…
Representative image Kolkata: Large jewellery chains such as Kalyan Jewellers, Tanishq, Malabar Gold & Diamonds, Joyalukkas and Senco Gold are staying away from lab-grown diamonds (LGDs) citing low demand and an aversion to mixing them with natural stones at counters. Nonetheless, the buzz over such stones – much cheaper than natural diamonds and indistinguishable from…
