Author name: JNI

To further expedite jewelry exports, the Ministry of Commerce & Industry announced a significant revision to the Handbook of Procedures, 2023, in an update published in the Indian Gazette. In a public announcement dated November 13, the Directorate General of Foreign Trade (DGFT) added Amritsar Airport to its list of authorized export locations for jewelry […]

To address the growing concern of maintaining transparency in diamond terminology, GJEPC met with senior authorities from the Department of Consumer Affairs in New Delhi today, November 13. The necessity of requiring the provenance of diamonds, whether they are lab-grown or natural, to be disclosed in exported jewelry was the main topic of discussion. The

PN Gadgil Jewellers Ltd. reported a 46% year-on-year (YoY) increase in revenue to Rs. 20,013.10 million in the second quarter of the current fiscal year. In Q2 FY25, PNG’s profit after tax (PAT) climbed by 59% year on year to Rs. 349.19 million. In the first half of FY25, retail revenue increased by 37% year

In a historic event that highlighted India’s rich heritage and artistic journey, Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) and National President of the Indian Bullion Jewellers Association (IBJA), inaugurated the Golden Wheel of Time at the Zaveri Bazaar. This spectacular ring sculpture, skillfully crafted from iron and gold, is a testament to

On November 11, DMCC started Dubai Diamond Week with its flagship Dubai Diamond Conference (DDC). The event, which will bring together hundreds of industry stakeholders, intends to address major concerns in the diamond industry, including as price instability, the growth of lab-grown alternatives, and altering customer preferences. H.E. Juma Al Kait, Chief Trade Negotiator for

The Natural Diamond Council (NDC) has launched its second Diamond Facts report, a comprehensive research that, like the Diamonds of Canada report, seeks to provide in-depth insights into the world of natural diamonds. The research emphasizes the positive impact of natural diamonds on producing countries, citing real-world instances. The report includes anecdotes from top diamond

Botswana’s new president intends to repair his government’s strained relationship with De Beers and finalize the transaction reached but not signed by his predecessor. Following Masisi’s repeated threats to walk out, Botswana and De Beers struck a new 10-year agreement in July 2023. Both parties signed a preliminary “heads of terms,” but the full deal

Fura Gems holds its largest emerald auction yet, with over 132,000 carats of premium-quality Colombian emeralds. This historic event will take place in two cities: Bogota, Colombia (11th-13th November) and Bangkok, Thailand (21st-25th November). The auction features a stunning collection of emeralds known for their clarity, bright colour, and precise cutting. These stones set a

Mr. Sabyasachi Ray, Executive Director of GJEPC, presented a captivating talk at the 6th ICC Gems and Jewellery Summit 2024, which took place on November 8th at the India Habitat Centre in New Delhi. His address highlighted the transformative measures and strategic developments bringing India’s gems and jewellery industry to the world stage. Mr. Ray

A four-day Customs Training Program for Appraisers began on November 4th at the Air Cargo Complex in Kolkata. GJEPC organized the program, which seeks to improve the abilities and expertise of Customs officials in the sector of gems and jewellery. Mr. Shivaji Dange, Principal Commissioner of Customs (Airport & ACC), and Mr. S. Mondal, Joint