India’s GJ trade adopts terminologies for diamonds
GJEPC, urges the Government to align the definition of NDs & LGDs The Gem & Jewellery Export Promotion Council (GJEPC), apex body for the gem & jewellery (GJ) trade in India, has adopted the new mandated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the United States (U.S.). The FTC’s updated guidelines provide a clear, standardised definition of diamond (ND) and distinct terminology for laboratory-grown diamonds (LGDs), ensuring clarity and transparency for both industry stakeholders and consumers. GJEPC’s members will ensure compliance with the new definition of ‘diamond’ and request all other gem and jewellery trade bodies and retailers to do the same. Additionally, GJEPC is leading the consultation with the Govt. and made representation to the Consumer Affairs Ministry to align this new definition with the country’s consumer laws. This alignment will empower consumers to make info...