We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
A Surging Rupee Tripled Gold’s Global Loss in India as Silver Broke Down
Macro Snapshot: The Reserve Bank of India changed the domestic arithmetic before trading opened on 12 October. On 10 October it announced a special window to meet the entire daily dollar requirement of Indian Oil, Bharat Petroleum and Hindustan Petroleum directly from its reserves, taking a large block of import demand out of the spot market. The central bank also tightened rupee derivative rules, imposing a 20% Foreign Exchange Risk Reserve on eligible contracts above $2 million and barring the
Top News
For the 1st Time, IDI to Bring Israeli Exhibitors to JGT
Ramat Gan: The Israel Diamond Institute (IDI) will be bringing Israeli diamond companies to exhibit at the JGT Dubai show from February 22 – 24, 2022. This is the first time that IDI will be presenting an Israel Diamond Pavilion in a Dubai show. The Israeli companies will be showing both natural loose diamonds and diamond jewelry. They are: D.N
India-Lebanon Aim for Increased Synergy in G&J Trade
Mumbai: The Indian Embassy in Lebanon and the Gem & Jewellery Export Promotion Council (GJEPC) jointly organized the ‘India Global Connect’ e-meeting on 4th January 2022. While Lebanon has a rich history of jewellery manufacturing and its products are popular across the Gulf and Middle East region, the country relies on imports for 80% of its raw materials. The Global
Padma Shri Awardee Savjibhai Dholakia Felicitated
Mumbai: At a glittering function held by The Gem & Jewellery Export Promotion Council (GJEPC) and Bharat Diamond Bourse (BDB), at the Sofitel Hotel, Mumbai, on 1st February 2022, diamantaire, entrepreneur and philanthropist Savjibhai Dholakia, Founder Chairman, Hari Krishna Exports, a diamond manufacturing and exporting company, was felicitated amidst an august gathering of industry leaders for being conferred with Padma Shri Award
GJEPC’s Foreign Trade Policy Recommendations
The Indian gem and jewellery sector has been contributing in a big way to the country’s economy with 4.3 million people employed in the sector, and annual exports of around USD 40 billion. The government has viewed this sector as a thrust area for export promotion. Mr. Colin Shah, chairman of GJEPC said, “There has been an ongoing, relentless and
GJEPC Welcomes India’s Role as KP Chair
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC), the nodal agency for the Kimberley Process (KP) in India, welcomes India’s election as Chair of the Kimberley Process Certification Scheme (KPCS) for 2026. The Kimberley Process Certification Scheme, a UN-mandated initiative, is the only global mechanism governing international trade in rough diamonds, aimed at preventing conflict diamonds from entering legitimate
India New Zealand FTA to Benefit G&J Industry
Mumbai: India and New Zealand recently concluded a Free Trade Agreement (FTA) that offers significant duty-free access for Indian exports, but Gems & Jewellery (G&J) are listed among the sensitive sectors excluded from immediate zero-duty benefits under the FTA, with India protecting these products, alongside dairy, sugar, and metals, from immediate tariff cuts, though the overall deal aims to boost labour-intensive exports like textiles,
India’s G&J Exports Recover During April-Nov 2025
Mumbai: India’s gem and jewellery (G&J) exports showed clear signs of stabilization and recovery during April-November 2025, supported by improving global demand conditions and strong performance across diversified international markets. Total exports for the period rose marginally by 0.07% year-on-year to $18.87 billion, compared to $18.85 billion in the corresponding period last year, underscoring the sector’s resilience amid a challenging
How Many Years will the Diamonds Reserves Last?
Mumbai: Global economically viable diamond reserves are estimated at about 1.8 billion carats. At the current annual production level of roughly 90 million carats, these reserves are expected to sustain the market for around 20 years. The estimate was shared by Sergey Takhiev, Head of Corporate Finance and Investor Relations at Alrosa. More than half of the world’s diamond reserves
