The halt on the imports has been requested for a period of two months starting October 2023 to better manage the demand and supply balance, protect...
The move comes as the industry grapples with rising costs of rough diamonds and stagnant prices for polished ones In a bid to tackle overproduction amid...
Over the next three to four months, a new airport, which is still in the works, will be ready to support two daily flights between Surat-Dubai...
The sanctions on Russian diamonds, which have been in effect since Russia invaded Ukraine last year, has Indian diamond traders “too worried about volatile currency exchanges...
Seeks 4% import duty on gold, silver & platinum; allowing sale of rough diamonds in SNZs; Zero duty on Lab Grown Diamond seeds 5 key recommendations...
Gem and jewellery exporters on Sunday urged the government to announce support measures like the abolition of import duty on raw material for lab-grown diamonds and...
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...
With the United States imposing sanctions on Russian state-owned rough diamond mining company Al Rosa, a major source of rough diamonds for the industry in Surat...
The Russia-Ukraine conflict may lead to job losses in Surat, India’s diamond-cutting and polishing hub, because the global sanctions on Moscow could affect sourcing of rough...
Alrosa, Russia’s partly state-owned mining giant that alone accounts for nearly 30% of global diamond output and is a major supplier to India, has told gems...
The demand for diamond jewellery has been on a see-saw ride lately. In India, diamond jewellery sales rose 16% in 2021, following a 25% drop in...
MOSCOW: Russian diamond producer Alrosa’s sales revenue jumped by 49% to $4.2 billion last year as demand exceeded supply and helped the company to recover from...
Mumbai: The Gem and Jewellery Export Promotion Council (GJEPC), the apex body for the promotion of gems and jewellery exports has proposed a series of measures...
De Beers pushed through one of its most aggressive diamond price increases in recent years as the world’s biggest producer of the stones cashes in on...
The World Diamond Council (WDC) has upgraded its System of Warranties program to cover a broader set of commitments when doing business in the diamond industry....
Diamantaires from Gujarat, Delhi, Mumbai, Hyderabad and other parts of the country are likely to participate in an auction in Madhya Pradesh’s Panna district from September...
The monthly exports beat industry’s expectations in April as exports of cut and polished diamonds, lab-grown synthetic diamonds and coloured gemstones alone accounted for over US$...
The gem and jewellery industry has sought reduction in customs duty on gold to four per cent, withdrawal of tax collected at source (TCS), cut in import duty on polished precious and...
While a majority of sectors have been negatively impacted by the coronavirus pandemic, raw diamond cutting and polishing units in and around Surat city of Gujarat...
19th December, Mumbai: In an online meeting convened by Hon’ble Finance Minister Smt. Nirmala Sitharaman for union budget recommendations, GJEPC represented the budget recommendations for the...
The DMCC – a Free Zone and Government of Dubai Authority on commodities trade and enterprise – announced that it has successfully hosted the largest rough...
There have always been conversations around ‘disability’ and the word ‘disabled’. Who are the disabled? What is the definition of the word disability? What are organizations...
The Gem and Jewellery Export Promotion Council (GJEPC) proposes several measures like reduction in cut and polished diamonds to 2.5%, reduction in import duty of gold...
Mumbai, October 28, 2020: With an aspiration to increase the Indian gems and jewellery exports to $70Bn in the next five years by 2025, the Gem...
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...
Currently, diamond mining companies including De Beers, Alrosa, Rio Tinto etc. only display the diamonds for viewing purpose at the SNZ. According to the SNZ norms,...
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...
The Directorate General of Foreign Trade (DGFT) , Government of India, issued a notification dated 28th September permitting the amendment of technical nature, typographical errors or...
Industry experts stated that the polished diamond exports have recovered due to the increase in the demand from the US, the UK and China. Starting from...
Kolkata: Russian diamond miner Alrosa will offer zero buyout obligation to its long-term customers of rough diamonds in the next trading session from September 21 to...
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...
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....
GJEPC representation meets Finance Minister to raise concerns about Equalisation Levy (EL) on diamond trade Mumbai, 27 August 2020: Smt. Nirmala Sitharaman, Hon’ble Minister of Finance,...
According to industry estimates, over 1,700 workers in the diamond business have tested positive, with the hubs of Katargam and Varachha turning hotspots. FROM PUTTING up...
Surat: While the global coronavirus pandemic has prevented the diamantaires from visiting Dubai, Antwerp and Botswana to purchase rough diamonds to keep their units operational, industry...
Ease of Business, e-commerce, Amendments in Gold Monetisation Scheme, Priority Status for G&J sector, MyKYCBank platform mandatory for G&J entities, Increasing Bank Credit exposure to G&J...
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...
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...
In one of the world’s biggest diamond vaults, hidden inside a nondescript office compound on the dusty outskirts of Botswana’s capital, the precious stones just keep...
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...
Russian diamond producer Alrosa expects its sales for May to total tens of million dollars, down sharply from May 2019 but up from April 2020, when...
Due to muted global demand, Indian diamond trade is unlikely to import rough diamonds for a month beginning June 1, as the global demand will not...
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...
The diamond cutting and polishing hub of Surat will lose business to rivals China, Thailand and African countries unless it quickly comes out of the lockdown and resumes...
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...
In a move aimed at protecting the interests of diamond processing industry, the apex body of the gem and jewellery industry has put forth a proposal...
Faced with an irregular supply of quality diamonds, which is hurting domestic sales and exports, diamond processors, under the aegis of the Gems and Jewellery Export...
Indian traders who buy rough diamonds from Russian mining major ALROSA have something to cheer about. Russian banks have started granting loans to ALROSA’s foreign clients...
Reduction in the import duties on diamonds and precious metals, changes in some applicable taxation laws, permission for job work, revision in e-commerce norms, etc., these...
New Delhi is considering signing a bilateral agreement with Russia to reduce import duties on processed diamonds and jewelry, the chairman of the country’s Gem &...
Chennai: Lower demand from the Indian diamond processing industry has pulled down the quarterly sales of Alrosa, the world’s second-largest diamond miner, as inventories rose 36 per...
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: The diamond trade is in a tizzy following a Mumbai Customs directive outlining new procedures for importing rough diamonds, which seek details on origin, size,...
One among the finest retail brands, Chintamani Jewellers, hosted IGI’s ‘Know Your Diamond Jewelry’ seminar for their esteemed clients in Goa. Known for its comprehensive approach...
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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