According to the credit rating agency, the industry exports out of India are expected to hit a five-year low in FY24. Moreover, the impending impact of...
Russia-Ukraine war had mounted additional pressure on the diamond polishing industry Surat, perhaps the world’s biggest centre for cutting and polishing diamonds, accounting for 90% of...
Gold jewellery exports grew 11.13% to Rs 75,635.72 crore; polished lab-grown diamond exports grew 37.31% to Rs 13,466.42 crore; coloured gemstones grew 45.44% to Rs 3,373.43...
Rating agency ICRA on Monday said that the share of lab-grown diamonds will increase to 10% of total polished exports over the next three years. Lab-grown...
Figures released by India’s Gem and Jewellery Export Promotion Council (GJEPC) and quoted by Rough & Polished show that India’s polished diamond exports fell more than...
The Indian diamond industry’s revenue is set to drop 15-20% to $19-20 billion this fiscal, as compared with a decadal high in the last fiscal, following...
After successfully negotiating a Comprehensive Economic Partnership Agreement (CEPA) with the UAE, the government has secured preferential access for Indian gems and jewellery products in Australia...
Mumbai: After successfully negotiating a Comprehensive Economic Partnership Agreement (CEPA) with the UAE, the Indian Govt. has secured preferential access for Indian gems & jewellery products...
If you have been wondering what’s causing the extreme price variation in diamond prices, this could interest you! The diamond cutting suppliers have been witnessing a...
Mumbai: The Indian Embassy in Lebanon and the Gem & Jewellery Export Promotion Council (GJEPC) jointly organised the ‘India Global Connect’ e-meeting on 4th January 2022....
SURAT: The Gem and Jewellery Export Promotion Council (GJEPC) has made a slew of demands including duty cut on gold, cut and polished diamonds, precious and...
The monthly exports beat industry’s expectations in April as exports of cut and polished diamonds, lab-grown synthetic diamonds and coloured gemstones alone accounted for over US$...
25th March 2021 – On 24th March 2021 in Mumbai, India,the legacy of Antwerp’s more than 570 years of Diamond Heritage and the rich diamond history...
“There are over 2,000 small and medium units in Surat manufacturing lab-grown diamonds. After unlock-1, the lab-grown diamond units are working at their full capacity due...
Revenge consumption of diamonds from the US is driving manufacturing items in Surat to work additional time to satisfy the demand. There has been a scarcity of tough diamonds...
In accordance with GJEPC chairman Colin Shah, slicing import duties would assist India change into a producing and buying and selling hub. The Gems and Jewelry...
The Gem and Jewellery Export Promotion Council of India (GJEPC) in a statement said that it has also proposed for amendment in taxation provisions to allow...
Surat: Even as the demand for polished diamonds has improved in the international market ahead of Christmas season, it has failed to bring cheer among the...
October 15 (ANI): Prices of polished diamonds, especially those below 30 cents and one carat have risen by 10-25 per cent, according to diamond traders in Surat....
Diamond exports from India, which polishes about 90% of the world’s rough diamonds, will collapse by as much as a quarter this year as the pandemic crushes demand...
Chennai: Year-on-year growth in exports of gems and jewellery dropped by 27% to $2.4 billion and 25% in Rupee terms, in September. Form April-September, the overall...
Surat: It seems the coronavirus pandemic has not dimmed the liking of the diamond connoisseurs in Uncle Sam’s land. At a time when the export of...
Gem & Jewellery Export Promotion Council, the apex body of gem & jewellery trade in India, in its endeavour to boost exports from India , is...
Dubai non-oil trade continued its growth against the current crisis. Being a hub for gold and diamond trading and making, Dubai made Dhs67.1 billion from gold...
Traditionally, workers in Surat get a fortnight to a month-long holiday for Diwali, said industry executives. Nearly 650,000 workers in Surat, the world’s largest diamond cutting and...
De Beers thinks the recovery is at an early stage and that it will take some time to get back to pre-pandemic levels of demand. De...
Gems and jewellery exports showed signs of recovery in August, rising 29.18 per cent to Rs 13,160.24 crore ($1,764.06 million) in August compared with the previous...
The steadfast diligence and entrepreneurial spirit of Surat diamond manufacturers shines through even in the times of the pandemic. Mumbai 10th Sept. 2020: Surat, the world’s...
India’s net exports of gems and jewellery shrank 47% year on year to $3.4 bn in April-July this fiscal because of the Covid-induced global economic slowdown....
Acommotion has erupted in the diamond hubs in Surat and Mumbai after Chinese authorities reportedly carried out raids following the recent arrest of a local couple...
KOLKATA: The fresh wave of coronavirus cases in Hong Kong has prompted the government there to think of stricter lockdown raising concern among Indian gems and...
Surat: Shaken by the sudden spike in the Covid-19 cases among its workforce, the majority of the big diamond units in Katargam zone of Surat city...
Banks in the UAE should drop the high fees they impose on jewellery retailers for all credit and debit card transactions, gold industry sources say. Given...
India’s gem and jewellery exports plunged nearly 84% year-on-year in April-May owing to the trade disruption caused by Covid-19 while the fall in exports of cut...
Diamond manufacturing and trading activities in Surat remained closed on Tuesday to mourn the death of Arunkumar Mehta, 80, owner of diamond company — Rosy Blue...
The extended lockdown and the global pandemic has taken sheen out of the diamond industry. The export of polished diamonds between April and May fell by...
The tax will be applied to all sales made by any foreign e-commerce operator including suppliers of rough or polished diamonds — to any resident or...
Mumbai, May 17 (PTI) Gems and jewellery exports in March declined 38.81 per cent to Rs 13,744.60 crore compared due to weak demand in importing countries...
New Delhi (Sputnik): The economic repercussions of the lockdown have jeopardised the prospects of the booming luxury goods market, including the diamond industry, in India. Faced...
The diamond industry in Surat has heaved a sigh of relief with the resumption of exports, though in a small quantity. Though exports to Hong Kong, a major...
“It is a matter of great pride for the Surat Hira Bourse (SHB) to serve the diamond industry in the times of lockdown,” said CEO of...
Surat: After the central government increased import duty on polished diamonds from 2.5% to 7.5%, round-tripping of polished diamonds, a bogus trade practice intended to artificially...
Diamantaires and jewellery manufacturers in Surat are betting big on African countries now. African consumers, especially women, have shifted to diamond jewellery whose annual sales are pegged...
SURAT: For the first time in many years, pre-Christmas sales at speciality jewellery stores in the United States slipped 5% year on year in the first...
India may fail to capitalise on the opportunity created by US President Donald Trump’s decision to impose 10 per cent import duty on Chinese jewellery. The...
India is the world’s largest cutting and polishing center of rough diamonds, is facing an employment crisis. Due to the slowdown in demand for diamonds in...
The US government announced a 10 per cent tariff covering new commodities imported from China has some good news for India’s gem and jewellery industry. The 10 per...
De Beers trimmed its production plans for this year as the world’s biggest diamond producer responds to a brewing industry crisis that’s hitting demand for its...
A delegation from India’s gem and jewellery export promotion arm, GJEPC, is visiting London this week to host a dinner to develop business ties with the...
Surat: Amid worries of rough diamond prices going up and diamond manufacturers in Surat reeling under severe recession, the Kimberley Process (KP), global watchdog of the...
SURAT: Gems and Jewellery Export Promotion Council (GJEPC) had put forth a slew of demands at the joint meeting of Board of Trade and Council of Trade...
Kolkata: Indian diamond trade, which started the financial year on a bleak note following a 17.64 per cent drop in exports of cut and polished diamonds...
New Delhi, May 30 (KNN): Exports of cut and polished diamonds from India dropped by 17.64% year-on-year during the month of April 2019, while gold jewellery (plain...
Surat: Diamond connoisseurs can expect further fall in the prices of polished gems in the next three to four months. Companies making polished diamonds in Surat...
The brand in order to capitalize on the festive season is offering deals available across all Tanishq stores in West...
In addition to the new campaigns, Lightbox has introduced two new jewellery collections: “Reminiscence” and “City Lights” Mumbai: Lightbox, the...
The puja-themed video comprises all the quintessential elements of the festival and highlights four distinct jewellery styles portrayed by each...
The brand’s social media page prominently showcases a variety of reels and shots from the music video, capturing the essence...
The Gold Jewellery Mela campaign, like in its previous editions, attracted primarily bridal jewellery consumers, with about 70% of the...
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