Piyush Goyal, commerce and industry minister India has the potential to become the world’s largest gems and jewellery exporter, commerce and industry minister Piyush Goyal said at the inaugural event of the five-day India International Jewellery Show on Thursday. The country can be a proficient lab-grown diamond maker, impeccable design centre and technologically advanced machinery…
Representative image MUMBAI/LONDON: India, home to 90% of the world’s diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in implementing a ban on imports of Russian gems. The Group of Seven countries on Wednesday announced a direct ban on…
Representative image. India’s overall gems and jewellery exports declined by 11.49 per cent to Rs 22,873.19 crore (USD 2,748.01 million) in October, according to the Gem and Jewellery Export Promotion Council (GJEPC) data. The gross exports stood at Rs 25,843.84 crore (USD 3,134.85 million) during October 2022, the data showed. Cut and Polished Diamonds (CPD)…
India’s gems & jewellery industry has seen a growing trend in the recent past. Lab-grown diamonds (LGDs) have established a niche for themselves among consumers who focus on affordability, says Vipul Shah, Chairman, Gem & Jewellery Exports Promotion Council (GJEPC). In an interaction with ET Digital, Shah says he is upbeat about the prospects of…
The Gem and Jewellery Export Promotion Council (GJEPC) on Thursday said it has achieved a significant milestone by facilitating India’s first jewellery exports through courier mode from the country’s financial hub. This development is a significant leap forward in simplifying international trade and will further enhance the industry growth and open up new avenues for…
Representative Image Mumbai: The domestic market is clearly seeing a huge rush for gold and diamond jewellery. The India International Jewellery show which concluded in Mumbai on Tuesday generated business worth Rs 70,000 crore, the highest ever. The 39th edition of IIJS Premiere 2023, organized by the Gem and Jewellery Export Promotion Council (GJEPC), is…
