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India’s C&P diamonds imports grew up 70%

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  India’s C&P diamonds exports fall 27.93% in February   According to the available February 2024 statistics for Cut & Polished Diamonds exports & import of India say, that the import of Cut & Polished (C&P) diamonds enjoys a higher percentage over exports!    The overall gross export of Cut & Polished (C&P) diamonds at US$ 1707.44 million (Rs. 14162.59 crores) in month of February 2024 is showing a decline of 27.93%(-27.680% in Rs. Term) as compared to US$ 2369.1 million (Rs. 19582.38 crores) for the same period of previous year (YoY). The overall gross Imports of Cut & Polished diamonds at US$ 130.43 million (Rs. 1082.17 crores) in month of February 2024 is showing a growth of 70.62% (71.39% in Rs. term) as compared to US$ 76.44 million (Rs. 631.41 crores) for the same period of previous year.    The overall gross Imports of Cut & Polished diamonds in DTA at US$ 41.23 million (Rs. 342.1 crores) is showing a Growth of 12.12(12.69% Rs. term) as c

India’s first mega GJ CFC dedicated to the nation

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Piyush Goyal commences Bharat Ratnam-Mega CFC in SEEPZ   India’s first Mega Common Facility Centre opens in SEEPZ SEZ Mumbai for the gem & jewellery (GJ) industry.   Piyush Goyal, Hon. Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Govt of India, graced the commencement ceremony of Bharat Ratnam, India's pioneering Mega Common Facility Centre (CFC) situated in SEEPZ SEZ, Mumbai. Bharat Ratnam - Mega CFC stands as a pioneering socio-economic project, promoted by the Ministry of Commerce and Industry, a project run by GJEPC, with active support by SEEPZ SEZ.   Present on the momentous occasion were Kirit Bhansali, Vice Chairman, GJEPC; Rajesh Kumar Mishra, IRS, Zonal Development Commissioner, SEEPZ-SEZ; Vipul Bansal, IAS, Joint Secretary, Ministry of Commerce & Industry, Govt. of India; Colin Shah, Head - Working Group, Bharat Ratnam, Mega CFC; and C.P.S Chauhan, Joint Development Commissioner, SEEPZ.   Earli

India’s Exim GJ drops over 15% For April-February

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GJ export declines over 12% for February 2024! According to the sources, India’s Exim (Export-Import) for gem & jewellery tumbles equally over 15% for the period of April to February 2024. India’s overall gross exports of Gems & Jewellery (GJ) registered at US$ 3046.84 million (Rs. 25274.640 crores) in the month of February 2024 is showing a decline of 12.66%  (-12.34%in Rs. term) as compared to US$ 3488.51 million (Rs. 28832.86 crores) for the same period previous year.  The overall gross imports of Gems & Jewellery at US$ 2261.8 million (Rs. 18765.3 crores) in month of February 2024 is showing a growth of 1.12% (1.6% in Rs. term) as compared to US$ 2236.72 million (Rs. 18470.62 crores) for the same period previous year.  India’s overall gross exports for the period of April 2024 – February 2024, of Gems & Jewellery at US$ 29606.8 million (Rs.245132.66 crores) is showing a decline of 15.31% (-12.39% in Rs term) as compared to US$ 34958.91 million (Rs. 279806.68 crores)

India & EFTA ink TEPA to Triple G&J Exports

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Eying to push G&J exports from US$335mn to US$ 1billion   The Trade and Economic Partnership Agreement (TEPA) between India and European Free Trade Association (EFTA) has opened immense opportunities for Indian gem and jewellery (G&J) sector to enhance its exports to the untapped EFTA countries especially to Switzerland. EFTA countries have removed customs duties on the entire chapter 71 (Gem and Jewellery products) enabling Indian exporters of G&J to have a duty free access in all the EFTA countries - Switzerland, Iceland, Norway and Liechtenstein.    Vipul Shah, Chairman, GJEPC said, “I extend my gratitude to the Government of India, particularly to Shri Piyush Goyal, Hon’ble Minister of Commerce & Industry, for incorporating GJEPC’s recommendations in the India-EFTA Trade and Economic Partnership Agreement (TEPA).  The $100 bn bilateral trade pact has opened up immense opportunities for Indian gem and jewellery manufacturers to broaden their export prospects in t

Govindbhai Dholakia nominated for Rajya Sabha!

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Perceptive diamantaire to join House of Elders office!   Recently, the Bharatiya Janata Party (BJP) has announce the list of candidates for Biennial Election to the Rajya Sabha (RS) from Gujarat and Maharashtra. The Central Election Committee of the Bharatiya Janata Party has given its approval to the seven names for the upcoming biennial Rajya Sabha elections to be held in Gujarat and Maharashtra.    In the List of Rajya Sabha biennial elections 2024 recently, BJP announced four names for Gujarat & three names for Maharashtra. In the list of Gujarat, very second name that announced, Govindbhai Dholakia.    Govindbhai Dholakia, the visionary entrepreneur behind the success of Shree Ramkrishna Exports (SRK), has defied all odds to carve a remarkable legacy in the diamond industry. Born into a humble agricultural family in the remote village of Dudhala, Gujarat, Govind Bhai's journey epitomizes the triumph of perseverance and determination. Despite growing up with limited

GJEPC Artisan Awards challenged designers!

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The six winning pieces that captured the attention   The 7th edition of The Artisan Jewellery Design Awards (Artisan Awards), hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA, challenged designers to tap uncharted territory by integrating unusual materials and cherished objects into their jewellery designs, to infuse their pieces with a unique identity.   This jewellery design contest ignited a spark a wave of creativity, prompting nearly 600 participants from India and abroad to push the envelope, and create a new design grammar. The outcome surpassed expectations, breathtaking creations that challenged convention. The list of winners:  Among the highlights of the event were the six winning pieces that captured the attention of attendees:    1: Unusual Materials: Winner – Cufflinks designed by Aparna Kesarkar and manufactured by Laxmi Dia Jewel Pvt. Ltd.; First Runner-up – Bracelet designed by Ahalya Vijayakumar and manufactured by VBJ; Second

GJEPC championing talent, celebrate design & craftsmanship

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The 7th Artisan Jewellery Design Awards held in Mumbai   The 7th edition of The Artisan Jewellery Design Awards, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA, challenged designers to tap uncharted territory by integrating unusual materials and cherished objects into their jewellery designs, to infuse their pieces with a unique identity.   Actress and style icon Sonam Kapoor graced GJEPC’s 7th edition of Artisan Jewellery Design Awards in Mumbai and presented awards to winners. Sonam Kapoor graced the stage with an aura of elegance and charisma along Vipul Shah (Chairman, GJEPC); Kirit Bhansali (Vice Chairman, GJEPC); Sriram Natarajan (Managing Director, GIA India); Milan Chokshi (Convener, Promotions & Marketing, GJEPC); Sabyasachi Ray (Executive Director, GJEPC) bestowed the coveted awards upon 6 Artisan winners.  This year the theme for the Artisan Jewellery Design Award were two unconventional themes - Objet Trouvé (Found Objects) and