GJ Town India

The G7 restrictions were later relaxed. Until September 1, 2025   Russia has maintained its presence in the Indian diamond market and even increased supplies by more than 22% despite the anti-Russian sanctions imposed by the West, according to the data from the Indian Ministry of Commerce and Industry. According to the Ministry, from January to June this year, imports of Russian diamonds increased by 22.23% compared to the same period last year. The Ministry noted that revenues from diamond shipments to India fell by 15.22% over the same period - from $613.72 mln to $520.33 mln.    After the start of Russia's special military operation, the G7 countries announced the introduction of restrictions on the import of jewelry diamonds from Russia from January 1, 2024. The limit for Russian diamonds was set at 1 carat and over from March 1 and was expected to be lowered to 0.5 (1 carat - 0.2 g) from September 1, 2024.    The restrictions were later relaxed. Until S...

  Aim to boost India’s natural diamond jewellery market   As India becomes the world’s second largest market for natural diamond jewellery, industry leaders De Beers and Tanishq unite to connect even more people to its enduring value.  De Beers Group, the world’s leading diamond company, and Tanishq, India's largest jewellery retail brand from the Tata group, today announced a long-term strategic collaboration to connect more Indian consumers with the rarity and preciousness of natural diamonds and amplify the growing opportunity in the Indian market.    With a vibrant economy, a growing middle class and discerning consumers who seek jewellery with enduring value, demand for natural diamond jewellery from Indian consumers has surged recently and now represents 11 per cent of global demand.    This has seen India replace China as the second largest market in the world for natural diamond jewellery. With diamond acquisition rates in India well below thos...