Gold prices in India rose on May 27 after being constant on May 26 and 25, and falling sharply on May 24 and May 23, matching worldwide rates as investors reduced expectations of a Federal Reserve rate drop. Today’s 22k gold price is Rs 66,650/10 grams, up Rs 250, and 100 grams of 22 carat […]
Gold prices climb after a massive slump; strong jump in silver Read More »
On May 24th, the GJEPC and RSM India, an audit and finance consulting firm, hosted a webinar to examine the integration of the Authorised Economic Operator (AEO) Scheme in the gems and jewels sector. The webinar discussed AEO certification, deployment, and the benefits it provides. Experts Siddharth Surana, Director at RSM India; Ritesh Negandhi, Director
GJEPC Webinar Highlights the Benefits of AEO Certification. Read More »
An official team from the IBJA met with the Honourable Chief Minister of Maharashtra, Shri Eknath Shinde, and formally invited him to the Silver Show of India, which will be hosted at the Jio World Convention Centre in Mumbai from June 7 to 10, 2024.
Maharashtra CM is formally invited by IBJA to the Silver Show of India. Read More »
The Grown Diamond Trade Organization (GDTO) has proudly announced its objective to transform the lab-grown diamond business. GDTO intends to bring together growers, manufacturers, and retailers to provide a single voice for the consumer and unify the fast developing lab-grown diamond portion of the jewelry market. “It is time for lab-grown diamonds to establish their
In a statement issued today, Antwerp World Diamond Centre (AWDC) stated that Antwerp does not have to be the sole “rough node” for the new G7 certification system designed to screen out Russian diamonds. According to AWDC interim CEO Karen Rentmeesters, more nodes could be stationed in production countries such as Botswana. This would allow
Antwerp calls for adjustments to G7 diamond sanctions. Read More »
The Gem & Jewellery Export Promotion Council (GJEPC) is thrilled to announce the successful closure of stall applications for IIJS Prime Assure. An impressive 2200+ companies have applied for over 14,500 stalls. Mr. Vipul Shah, Chairman of GJEPC, expressed his gratitude, saying, “We extend our heartfelt thanks to our members for their steadfast support! The
IIJS Prime Guarantees Breaks Record Read More »
Gemological Institute of America (GIA) scientists discovered a “never-before-seen” cloud feature in a lab-grown diamond that was submitted for testing. The feature resembled text from an old manuscript. As stated by the writers in Gems & Gemology, the scholarly publication of the Gemological Institute of America, “The dichotomy of a thoroughly modern diamond with a
“Ancient text” found in a CVD diamond by GIA Read More »
Exports of jewelry and diamonds from the Surat Special Economic Zone (SurSEZ) decreased by over 50% in 2023–2024 as buyers shifted more and more from natural to lab-grown products. The 120 manufacturing units of SurSEZ had a 48% decrease in foreign sales from Rs 26,513 crore ($318m) in 2022–2023 to Rs 13,747 crore ($165m). Leaders
Lab-grown diamonds cause Surat SEZ diamond shipments to drop by half. Read More »
The Natural Diamond Council (NDC), a leading advocate for the integrity and positive impact of the diamond industry, announced a new partnership with Aurostar. This collaboration unites two industry leaders with a shared vision for a sustainable future. Aurostar is a globally recognised diamond manufacturer and builds on a legacy that started in 1966. It
Aurostar has joined the Natural Diamond Council as a partner. Read More »
De Beers published preliminary diamond sales numbers for the fourth sales cycle of 2024, which show a drop. The provisional sales value for this cycle is $380 million, down 15% from $446 million in Cycle 3 of 2024 and 21% from $479 million in Cycle 4 of 2023. De Beers Group CEO Al Cook stated,
De Beers’ rough sales trend lower as India’s diamond trading slows during elections. Read More »
