JNI

Author name: JNI

GJEPC engages with the Hon’ble Minister of State for Commerce and Industry

A GJEPC team led by Chairman Mr. Vipul Shah, Vice Chairman Mr. Kirit Bhansali, and Executive Director Mr. Sabyasachi Ray met with Shri Jitin Prasada, the Honourable Minister of State for Commerce and Industry, in New Delhi today, June 13th. The Council’s leadership offered a detailed overview of the gems and jewellery business, including the […]

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GJEPC Leadership meets with FM to discuss industry issues.

The GJEPC‘s leadership team, including Chairman Mr. Vipul Shah, Vice Chairman Mr. Kirit Bhansali, Executive Director Mr. Sabyasachi Ray, and Policy Advisor Ms. Monika Mohta, met with the Honourable Finance Minister, Smt Nirmala Sitharaman, today, June 13th. The GJEPC delegation commended the Finance Minister on her efforts and discussed important concerns and challenges facing the

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KP Chair Meets With Commerce Department Joint Secretary To Talk About KP Initiatives

In a pivotal meeting held today, June 11th, in New Delhi, Mr. Ahmed Bin Sulayem, Chair of the Kimberley Process (KP) for 2024, met with Mr Siddharth Mahajan, Joint Secretary, Department of Commerce, Ministry of Commerce & Industry, and focal point of the Kimberley Process Certification Scheme (KPCS) in India, for discussions that highlighted collaborative

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Bruce Cleaver is appointed as the new Chair of Gemfields.

Gemfields Group Limited has announced the appointment of Bruce Cleaver as the new Chair of the Board, commencing July 1, 2024. Cleaver, known for his excellent leadership and vast experience in the gemstone mining sector, will succeed Martin Tolcher. Cleaver will also serve as an independent non-executive director and chair of the Nomination Committee. Cleaver

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Alrosa receives AAA credit rating from ACRA.

ACRA has awarded Alrosa the renowned AAA(RU) credit rating. This grade represents the greatest level of creditworthiness on the national scale, combined with a stable outlook, and is a first in Alrosa history. The AAA rating reflects Alrosa‘s strong financial health, as evidenced by its “AAA” standalone creditworthiness assessment (SCA). ACRA‘s appraisal highlights Alrosa‘s operational

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A GJEPC delegation is visiting Latin America to strengthen trade ties.

The group, led by Vice Chairman Kirit Bhansali, sought to seek new markets, expand India’s export footprint, and strengthen commercial ties in the Latin American and Caribbean (LAC) area. The delegation included prominent industry leaders such as Anish Birawat, Managing Director of Chain N Chains Jewels Ltd.; Shailesh Sangani, Founder of Priority Jewels; Anilkumar B.

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Botswana seeks a larger stake in De Beers following Anglo American’s planned divestiture.

President Mokgweetsi Masisi confirmed these intentions on Monday during a political rally near Gaborone, according to Bloomberg. “We are going to increase the shares that we have in De Beers,” Masisi announced. He emphasized that the government would be pivotal in selecting a new investor to succeed Anglo American, prioritizing those who understand the diamond

Botswana seeks a larger stake in De Beers following Anglo American’s planned divestiture. Read More »

De Beers seeks a year-long extension to implement the G7 Russian diamond ban.

De Beers Group has expressed strong support for the G7’s planned penalties on Russian diamonds, emphasizing the need for a longer timescale to guarantee effective implementation and industry adaption. De Beers proposes that import restrictions on polished diamonds weighing 0.5 carat or more commence as scheduled on September 1, 2024. However, the corporation pushes for

De Beers seeks a year-long extension to implement the G7 Russian diamond ban. Read More »

Pandora launches lab-grown diamonds in Denmark.

Pandora is releasing its lab-grown diamond collection in Denmark, marking the first European market to exhibit Pandora‘s revolutionary diamonds, following successful debuts in the Americas, Australia, and the UK. Pandora Lab-Grown Diamonds is driven by a vision to democratize diamond jewellery, making diamonds more accessible and acceptable for a variety of events. This introduction represents

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