IIJS Premiere 2023 says it generated over $8.4bn of business – way ahead of forecasts before the six-day event, and far in excess of last year’s show. “IIJS Premiere 2023 is estimated to have seen business worth ₹70,000 crore being generated ($8.438bn) which is far beyond anyone’s wildest dreams,” said Vipul Shah, chairman of GJEPC […]

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India is now importing mote diamonds from Russia than before the invasion of Ukraine and the introduction of US sanctions, according to the GJEPC (Gems and Jewellery Export Promotion Council). It bought $818m in 2022-23, compared to $855.83 in 2021-22, an increase of just under eight per cent. India relies heavily on Russian imports, especially […]

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Mumbai, 1 September 2021: BVC Logistics has been awarded the Best Customs Broker of the Year award at the 46th India Gem & Jewellery Awards (IGJA) 2019-20 organized by the Gems and Jewellery Export Promotion Council (GJEPC), the highest recognition for excellence in the Gems & Jewellery industry. The event was held on August 27, 2021 […]

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India’s exports of gems and jewelry could fall by a fifth this fiscal year because of the global pandemic. Coronavirus wiped out sales between April and July 2020, said Colin Shah (pictured), of the Gems and Jewellery Export Promotion Council (GJEPC), but online sales had made up for some of those losses and revenue is […]

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Reports in the Indian press highlight the worry that many diamond traders are feeling about the effects of the ongoing coronavirus outbreak. While there have been isolated incidents of the disease in India, most people are more worried about the effects on the country’s diamond trade – especially in Surat. According to the media, the […]

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For primarily artisans in the micro, small and medium enterprises (MSME) sector to improve their production and quality, the government along with the Gems and Jewellery Export Promotion Council (GJEPC) is setting up Common Facility Centers (CFCs), said Rupa Dutta, Economic Advisor, Ministry of Commerce and Industry. CFCs will be set up in all major […]

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      Surat: Diamantaires in Surat may be facing liquidity crisis and defaults, but this has not affected export-import of Indian diamond industry. Gems and Jewellery Export Promotion Council (GJEPC) figures show that the export of polished diamonds from April-June 2016 increased by almost 13 per cent at Rs 37,466 crore compared to Rs […]

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