GJ Town India

India and Angola officials met virtually on India Global Connect initiative of GJEPC platform!   Ministry of Commerce, Govt of India and The Gem and Jewellery Export Promotion Council of India (GJEPC) along with delegates from Angola discussed on a host of opportunities between the two nations for enhancing the diamond trade.   The Indian Embassy in Angola, The Gem and Jewellery Export Promotion Council of India (GJEPC) and Angola-India Chamber of Commerce, jointly organised the India Global Connect – Angola on 3rd December, 2020. This platform gave an opportunity for representatives from both the countries to share and understand how they can enhance their trade relation further. The Indian panellists included Srikar Reddy, OSD (JS level), Department of Commerce; Colin Shah, GJEPC chairman; Vipul Shah, GJEPC Vice Chairman; Russell Mehta of Rosy Blue; Dinesh Navadiya, Regional Chairman, Gujarat; Sanjay Shah, convener, Diamond Panel, GJEPC; and Ankit Shah of Ankit Gems.   From the

  Business Opportunities between Angola and India   Angola's minister of Foreign Affairs Téte António in Luanda expressed the country's wish to intensify cooperation with India, in order to turn economic opportunities into a strong and win-win partnership. Speaking at the opening of the Virtual Conference on “Business Opportunities between Angola and India”, the minister announced the holding of the first meeting of the Angola-India Joint Commission on the 7th September, aimed to strengthen relations. He defended the need for greater interaction between the trade associations of the two countries, with emphasis on national and international financial institutions, in order to facilitate the granting of credit lines, for structuring projects.  These credit lines, according to the minister, will serve to promote productive and commercial activities, taking into account the Angolan Executive's objective of reducing imports and increasing exports. "Despite the countless

Registers diamond sales worth of US$ 368mn The gross revenue from the sale of diamonds and ornamental stones was 368 million US dollars during the first quarter (Q1) of this year, with sales of 2.6 million karats. In this period, revenues of US $ 106,572 million (40.7 percent) and 31.5 percent of total carat sales were registered, compared to the quarter of 2018. According to data presented, by the Ministry of Mineral Resources and Petroleum, two million carats (94.6%) are diamonds of kimberlitic origin and 143.398 carats of alluvial origin. The information, presented during the analysis of the activities of the first quarter of this year, indicates that diamonds traded in the balance sheet date come from the provinces of Lunda Sul (93.6 percent) and Lunda Norte (6.4 percent). On the sidelines of the act that also planned the market for diamonds and ornamental stones for the second quarter of this year, the Secretary of State for Mines, Jânio Correia Victor, said