Author name: JNI

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

The Directorate General of Foreign Trade (DGFT) has updated waste and Standard Input Output Norms (SIONs) for jewelry, beginning January 1, 2025. The DGFT had dramatically decreased the wastage norms across all jewellery types. Recognizing the impact of these significant cutbacks, the Council immediately convened a stakeholder meeting with DGFT officials on the same day,

Jos Alukkas is preparing to celebrate Diwali 2024 in a way that will have customers saying, ‘Aaha Diwali!’ The spectacular incentives will be available in their shops across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, and Puducherry. The promotion will include a grand Diwali prize of a car. The Diwali sparklers by Jos Alukkas are finely

Lucapa Diamond Company Limited has achieved outstanding third-quarter results, demonstrating the company’s endurance in a challenging market situation. Despite the overall downturn of the diamond market, Lucapa‘s Lulo Alluvial Mine in Angola produced excellent results. Revenue increased by 86% to $16.9 million, while the price per carat rose by 188% to $3033, demonstrating the high

The Government of India, through the Ministry of Finance‘s Department of Revenue, has issued a notification confirming the duty exemption for “rough diamonds (industrial or non-industrial)” imported into the country between July 1, 2017 and February 1, 2022. This clarification follows GJEPC‘s repeated attempts to resolve the issue regarding the duty exemption for “Simply Sawn

The leaders of the BRICS nations, Brazil, Russia, India, China, and South Africa concluded day two of the annual summit in Kazan, Russia, on 23rd October, by reaffirming their commitment to ethical trade practices in diamonds. The summit underscored the pivotal role of the Kimberley Process (KP), the global certification system designed to regulate rough