Author name: JNI

In a meeting with the Export Promotion Councils on October 9, 2023, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles Shri Piyush Goyal announced a significant initiative under the Foreign Trade Policy (FTP) 2023 to issue system-based automatic ‘Status Holder’ certificates. The exporter will no longer be required to […]

Together, TracrTM and Sarine Technologies Limited will develop a scalable, economical method for tracing diamonds from their origin to the border of G7 nations. Sarine‘s Diamond JourneyTM traceability solution and the Tracr platform’s complimentary advantages are combined in the solution. Utilising a special digital portal, the Tracr-Sarine system is made to make it easier to

The 40 Under 40 Club, created during IIJS Premiere 2023 and honoured as the industry’s brightest young brains, paid a visit to the soon-to-be-opened Surat Diamond Bourse (SDB) on October 7th, 2023, as part of their debut experience. The cutting-edge facility is designed to revolutionize the gem and jewelry markets. Mr. Nirav Bhansali, Convener of

Today, Kalyan Jewellers, one of the most reputable and well-known jewellers in India, opened its newly renovated showroom on Koramangala’s 100 Feet Road. The showroom, which showcases a comprehensive range of designs from various Kalyan Jewellers collections, was opened by Bollywood diva Sonakshi Sinha. Customers may anticipate cutting-edge amenities with a first-rate atmosphere that will

This holiday season, LGDs will shine even more brightly. Price is still a major draw for consumers, as a carat of lab-grown diamond (LGD) costs between 60,000 and 70,000 dollars, compared to between 10 and 11 lakh for a genuine diamond. According to those in the know, even high-net-worth individuals (HNIs) have developed a taste

Sarine Technologies has unveiled a new technology for tracing the origins of melee diamonds and connecting the rough and polished. The method, developed by Sarine in collaboration with French jeweler Rubel & Ménasché, measures diamonds at the rough stage and follows them through the cutting and polishing stages, according to the Israel-based company. Sarine stated

The Indian gem and jewellery industry has unanimously decided to voluntarily suspend the import of natural rough diamonds from October 15th to December 15th, 2023. This strategic action is intended to remedy a demand-supply imbalance. This voluntary stoppage of natural raw diamond imports will have no effect on the industry’s processing and manufacturing activities. Furthermore,

Through self-regulation, the gem and jewelry sector aims to improve trust, transparency, sustainability, traceability, and responsible sourcing. For the first time, the World Jewellery Confederation (CIBJO) hosted its annual Congress in Jaipur at the Fairmont Jaipur. The Congress will be held from October 3rd to 5th. Pre-Congress meetings were held on October 1st and 2nd.

On October 3, 2023, GJEPC conducted a meeting at its Mumbai offices with delegates from Namib Desert Diamonds (NAMDIA) to address the ongoing problems and hurdles plaguing the Indian diamond industry. The seminar addressed a number of pressing concerns in the diamond business. Concerns regarding lab-grown diamonds emerged as market dynamics surfaced, with a major

On October 3, 2023, GJEPC hosted a meeting with delegates from Okavango Diamond Company (ODC) to discuss current issues and difficulties in the Indian diamond business. Several crucial themes were raised throughout the lively discussion, emphasising the industry’s dedication to overcoming obstacles and fostering long-term growth. The meeting provided a forum for intelligent discussions and