India’s gems and jewellery exports in December 2024 declined by 10.29 per cent compared to the same month last year, according to figures released by the Gem & Jewellery Export Promotion Council (GJEPC). Exports in December stood at USD 1967.98 million, compared to USD 2193.82 million in December 2023 due to the economic uncertainty looming…
Representative image It has not been an easy time for the gems and jewellery sector in the backdrop of geopolitical uncertainties, rising interest rates and demand slump in major consumer markets playing spoilsport. The overall gems and jewellery exports fell 8.14 per cent year-on-year in December to Rs 18,281.49 crore ($2,195.23 million), as per data…
Representative Image The Indian gem and jewellery market, currently valued at USD 85 billion, is poised for rapid growth, projected to reach USD 130 billion by 2030 according to the Gem & Jewellery Export Promotion Council (GJEPC), the apex trade body of the gem and jewellery industry. While addressing a press conference Vipul Shah, chairman…
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 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…
About a tenth of the 5,000 diamond cutting and polishing units in Surat have ventured into jewellery making in addition to diamond cutting and polishing Kolkata: Diamond cutting and polishing units in Surat are diversifying into jewellery manufacturing to stay afloat and tide over the current business uncertainty triggered by weak demand for natural diamonds…
Exports of gems and jewellery in November declined by 13 per cent compared to the same month last year and stood at USD 1986.21 million (Rs. 16,763.13 crores) compared to USD 2281.4 million (Rs. 19,005.46 crores), according to figures released by Gem & Jewellery Export Promotion Council (GJEPC). The economic uncertainty that prevails at an…
Mumbai: Gem and Jewellery Export Promotion Council (GJEPC) on Friday said it has adopted the new mandated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the US, which will help consumers make informed decision while buying diamonds. The FTC’s updated guidelines provide a clear, standardised definition of ‘diamond’ and…
Kolkata: Surat’s diamond industry has declared a month-long closure till November 30 this year, instead of the usual 15 days around Diwali, amid tepid demand for natural diamonds from the US and China, its two biggest customers. The largest diamond hub of the country, Surat has about 5,000 diamond-cutting and polishing units, employing nearly 800,000…
Representative image External Affairs Minister S. Jaishankar has assured the gem and jewellery exporters to provide support to increase exports from the country at a time when the American market is shrinking, the global demand is fluctuating and the competition is intensifying. The minister met the members of the Gem &Jewellery Export Promotion Council (GJEPC)at…
