Work on the ambitious India Jewellery Park Mumbai (IJPM), a 21-acre mega-development, is set to commence this month. Spearheaded by the Gem and Jewellery Export Promotion Council (GJEPC), this initiative aims to bolster India’s position as a global leader in the gem and jewelry sector. The park will feature cutting-edge manufacturing units, design studios, and […]
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]]>The Gem and Jewellery Export Promotion Council (GJEPC) has organised a Latin American delegation visit from 21st to 29th May 2024. The delegation will tour Brazil (São Paulo and Rio de Janeiro), Colombia (Bogotá), and Panama (Panama City). The visit aims to explore markets to boost India’s exports in the Latin American and Caribbean (LAC) […]
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]]>The third edition of International Gem & Jewellery Show (IGJS) in Jaipur, India, attracted 250 buyers from 27 countries, say organizers. The three-day event, which ended on Sunday (14 April), showcased diamonds, loose gemstones, silver, gemstone and diamond-studded jewelry from 54 manufacturers and exporters. The event was organized by GJEPC, the Gem and Jewellery Export […]
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]]>Diamond companies in India have been warned they must keep “meticulous” records to comply with G7 sanctions on Russian goods. The Gem and Jewellery Export Promotion Council (GJEPC) has told its 7,500 members to make sure they have documentary evidence that diamonds are not of Russian origin. New restrictions brought in on 1 March outlaw […]
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]]>India’s exports of polished diamonds slid again during December, but rough imports soared, as expected, after the two-month voluntary ban. Foreign sales during the month fell almost 22 per cent to just $862m compared to $1.1bn in November, according to new figures from the GJEPC (Gem and Jewellery Export Promotion Council). Exports were $1.26bn in […]
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]]>India’s voluntary two-month ban on rough purchases saw a dramatic reduction in imports during November, down 69 per cent from $1.02bn in October to $314m, according to new figures from the GJEPC (Gem and Jewellery Export Promotion Council). The moratorium ended on 15 December and is seen as a major reason for the recent uptick […]
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]]>The Gem & Jewellery Export Promotion Council (GJEPC), the leading authority in India’s gem and jewellery trade, inaugurated its second office at Zaveri Bazaar in Mumbai on 1st November. The opening ceremony was graced by Dr. Harshdeep Kamble, IAS, Principal Secretary of Industries for the Government of Maharashtra, along with Vipul Shah, Chairman, GJEPC, Kirit […]
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]]>World Diamond Council (WDC) President Feriel Zerouki has emphasised the heightened importance of responsibility, sustainability and provenance in the jewellery industry, specifically because its products are used to celebrate important life moments. She was speaking during the opening ceremony of the 2023 Congress of the World Jewellery Confederation (CIBJO), which took place from 3rd to […]
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]]>Industry leaders in India are calling for a voluntary two-month ban on all rough diamond imports, to “better manage the balance between demand and supply”. They say exports were down by 25 per cent in the year to August, inventories are increasing and prices are falling. The plea comes jointly from the GJEPC (Gem and […]
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]]>Alrosa’s suspension of rough sale has been welcomed by India’s GJEPC (Gem and Jewellery Export Promotion Council) as a positive move to combat overstocking. Russia’s state-controlled diamond miner last week confirmed that it had cancelled sales in September and October to stabilize a volatile market. Vipul Shah, GJEPC chairman, said he’d approached a number of […]
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