GJ Town India

  GJEPC welcome for an Interaction on India’s foreign policy  The Gem & Jewellery Export Promotion Council (GJEPC) was privileged to welcome Dr. Subrahmanyam Jaishankar, Hon’ble Minister of External Affairs-Government of India. Dr. Jaishankar was visiting Bharat Diamond Bourse (BDB) at Mumbai for an Interaction on India's foreign policy.  Industry leaders such as Vipul Shah, Kirit Bhansali, Vice Chairman, GJEPC; Anoop Mehta, President, Bharat Diamond Bourse, and Mehul Shah, Vice President, Bharat Diamond Bourse, addressed the pressing concerns, including the shrinking American market, fluctuating global demand, and intensifying competition. Members also highlighted the need for diversification and increased government support to stabilise and grow exports.  Vipul Shah expressed gratitude to Dr. Jaishankar, stating, "We are grateful for your active support in mitigating the impacts of G7 sanctions on Russian diamonds, which has enabled our industry to continue operating wit

The BRICS Summit suggest to remove trade barriers   At the recently concluded BRICS Summit, the BRICS international center suggested about the antitrust law and politics proved itself well, the Russian leader noted! The BRICS precious metals and diamonds platform will make it possible to counter excess regulation of this market by trade barriers created in circumvention of the Kimberley Process, Russian President Vladimir Putin said at the BRICS Summit. "We see the feasibility in creating a separate BRICS platform for precious metals and for diamonds. This market is indeed excessively regulated by various trade barriers in circumvention of the universal certification scheme of the Kimberley Process," the head of state said.   The BRICS international center of antitrust law and politics proved itself well, Putin noted. "We consider necessary to continue developing this area, including the launch of the intergovernmental platform on fair competition," he added.

GJC Advisory insist to follow election protocols in Maharashtra   The apex industry body, All India Gem and Jewellery Domestic Council (GJC), calls upon its members and industry stakeholders to carry out all necessary documentation to ensure the smooth movement of goods during the upcoming Maharashtra election. The GJC’s directive covers items such as gems and jewellery, bullion, precious stones, and allied articles.   In light of the upcoming Maharashtra elections, GJC issued an advisory for jewellers to ensure smooth movement of goods by carrying out invoice as per Rule 46 if the CGST rules 2017, Delivery Challan, Carrier Authorization Letter, E-Way Bill (Optional), Photo ID of Carrier, Certified Stock Statement (with items details and values), and Advisory and NOC from CBDT and the Chief Electoral Officer. All invoices and delivery challans must carry the statement such as ‘Items listed are solely for commercial transactions, with no political affiliation or intent to suppo