Author name: JNI

Fura Gems Inc. DMCC, a colored gemstone miner, said that Chief Executive Officer Dev Shetty will move down to seek other opportunities. Fura’s board of directors will be the principal decision-making body until a new CEO is announced. Fura has assigned the current senior leadership team to handle the company’s day-to-day operations in close coordination […]

Lucapa Diamond Company, an Australian diamond miner, announced the signing of a conditional binding Sale and Purchase Agreement with a local Lesotho company, Lephema Executive Transport (Pty) Ltd, for a 70% ownership in Mothae Diamonds (Pty) Ltd., which controls the Mothae diamond mine in Lesotho. The disposal is part of Lucapa‘s strategic assessment, which will

De Beers reported diamond sales of $315 million for the fifth sales cycle of 2024, a 31% reduction from $456 million in Cycle 5, 2023. Sales declined 18% compared to $383 million in the preceding fourth quarter of 2024. Al Cook, CEO of De Beers Group, stated, “The northern summer is generally a quieter period

In the Deira Gold Souk in Dubai, the IIJS Premiere door-to-door campaign has effectively started, involving 29 well-known jewelry merchants. Phase one of the campaign invites retailers and wholesalers to IIJS with the goal of helping Indian exporters and manufacturers establish new contacts in the Middle East market. Due to Dubai’s reputation as a global

A brand-new service from the Gübelin Gem Lab called the Gem Passport is intended to go along with unmounted emeralds, rubies, and blue sapphires weighing up to 3.00 carats. The goal of the new service is to overcome the trade’s hesitation to pay for gemmological reports for certain stone sizes and more marketable attributes from

Shree Ramkrishna Exports (SRK), a Surat-based natural diamond maker and exporter, has declared its membership in the United Nations Global Compact. This voluntary program allows businesses all around the world to embrace and implement sustainable socially responsible practices. The company stated that joining the UNGC is an important milestone that demonstrates its commitment to the

Today, June 25th, GJEPC Chairman Vipul Shah attended Hon’ble Finance Minister Nirmala Sitharaman‘s pre-budget consultation, which included discussions with several business executives. The meeting was attended by Presidents and Chairmen of organizations such as NASSCOM, AIFISPA, FIEO, MPEDA, AEPC, CLE, and presidents of state Chambers of Commerce and Industry. During the meeting, Vipul Shah, Chairman

GJEPC and the Embassy of India in Guatemala successfully organized a hybrid Buyer-Seller Meet (BSM) to promote Indian gems and jewellery in the Central American market. His Excellency Dr. Manoj Kumar Mohapatra, Ambassador of India to Guatemala, delivered the welcome address, and Mr. Ramesh C. Khulbey, Head of Chancery and Second Secretary (Political, Press, and

The IIJS Premiere 2024 Road Show, held in Bhopal on June 23rd, highlighted a variety of the next exhibition’s features and benefits. Mr. Mansukh Kothari, Member, National Exhibitions Subcommittee, GJEPC, gave a presentation emphasizing the new location, digital platform, improved product quality and variety, and exciting business opportunities for visitors. He urged shops to register

The Gem and Jewellery Export Promotion Council (GJEPC) and the India International Jewellery Show (IIJS) are enjoying a proud occasion after IIJS Premiere 2023 received two major prizes at the Exhibition Excellence prizes held in Mumbai on June 21, 2024. IIJS Premiere 2023 was named India’s Top Sourcing Show, as well as first runner-up in