GJ Town India

  99% of Indian exports including gem & jewellery avail zero duty    Update 1: At the invitation of the Prime Minister of the United Kingdom, the Sir Keir Starmer, Prime Minister Shri Narendra Modi will pay an official visit to the United Kingdom from 23 – 24 July 2025. This will be Prime Minister Modi’s fourth visit to the UK.    During the visit, Prime Minister Modi will hold wide ranging discussions with Prime Minister Starmer on the entire gamut of India-UK bilateral relations. They will also exchange views on issues of regional and global importance. Prime Minister is also expected to call on His Majesty King Charles III.    During the visit, the two sides will also review the progress of the Comprehensive Strategic Partnership (CSP) with a specific focus on trade and economy, technology and innovation, defence and security, climate, health, education and people-to-people ties. “Means, it is most likely and virtually it is confirmed that, both...

  The luxury jewellery atelier crafted a Capsule collection   In a defining moment for Indian luxury jewellery, Zoya- India's leading luxury jewellery atelier from the Tata Group—unveils a limited-edition capsule in collaboration with globally acclaimed British designer and curator Alice Cicolini, marking the first international creative partnership for an Indian luxury jewellery atelier. Born out of deep mutual admiration of Indian craft, the capsule pays homage to enamel—one of India’s most poetic art forms in luxury.    Inspired by the architecture of Lhasa, where every layer tells a story, this collection draws from a landscape rich in form, texture, and colour Zoya, known for its industry-shifting innovation in diamonds and coloured stones, brings that same pioneering spirit to enamel in collaboration with Alice Cicolini.    In Alice—whose work traces the journey of motifs across cultures and thoughtfully weaves patterns from different geo...

  Exporters can now hand-carry jewellery at, T2 CSMIA   The Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with Mumbai Customs, formally inaugurated the Jewellery Hand Carriage Facilitation Centre at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Terminal 2, on 16th July 2025. The facilitation centre was inaugurated by Surjit Bhujbal, Member Customs, CBIC, in the presence of Prachi Saroop, Principal Chief Commissioner, Alok Jha, Principal Commissioner and other Customs officials.   Also present were Dnyaneshwar Patil, Development Commissioner, SEEPZ, and the leadership team of GJEPC, including Kirit Bhansali, Chairman, Shaunak Parikh, Vice Chairman, Khushboo Ranawat, Regional Chairman (West), Ajesh Mehta, Convener, Diamond Panel, Sabyasachi Ray, Executive Director, Mehul Shah, Vice President, BDB. The launch of the Hand Carriage Facilitation Centre at Mumbai Airport has been the result of GJEPC’s persistent advocacy and groundwo...

  CAR benefited from the lifting of the ban on its diamond exports   Central African Republic [CAR] says ready to give Russian companies access to diamond projects the African minister said the Central African Republic benefited from the lifting of the ban on its diamond exports. The Central African Republic is ready to invite Russian companies to join projects in diamond production, CAR Trade and Industry, Minister Thierry Patrick Akoloza told official Russian media following a visit to Russia.   He answered in the affirmative to a question of whether the central African country is willing to open its doors in this sphere to Russian mining companies, including diamond miners.  The African minister said the Central African Republic benefited from the lifting of the ban on its diamond exports. "Because, without the sanctions, the country has the opportunity to develop and earn good dividends from being able to sell our mineral resources," he emphasized. ...

  Gold has recovered, Silver touched new record highs   As investors prepared for US trade-related developments, markets took a cautious approach last week. Following a brief decline below $3300, gold has recovered, and Silver has touched new record highs , Dr. Renisha Chainani, Head- Research, Augmont said, Bullion continues strong momentum as Trump imposes New Tariffs in the Weekly Blog for the period of 7 July to 11 July.   Trump said on Tuesday & reaffirmed his warning on Wednesday to impose additional tariffs on BRICS nations and released a fresh series of letters outlining duty rates of 20%–30% on smaller trading partners like the Philippines, Algeria, and Libya.   In the meantime, the minutes of the Federal Reserve's June policy meeting revealed that the majority of members projected a rate reduction later this year, with any tariff-related price increase being temporary or modest. Over the weekend, US President Donald Trump announced that an ...

  Uncertainty in trade policy that pushed up silver   Augmont Bullion presented their daily analysis and technical price front during the week [7 to 11 July]. Well until they talk about gold and the related trend yet, on the 11 July, they suggested, silver trades at a 14-year high on trade policy uncertainty!    Further Augmont viewed, due to trade policy uncertainties, silver has hit a 14-year high on global markets and a lifetime high on domestic markets, with a breakout trading above $37.5 (~Rs 110,000). In the face of growing trade tensions, demand for safe-haven assets drove gold's price up to about $3340 (~Rs 97000).    President Donald Trump indicated plans to impose blanket tariffs of 15–20% on the majority of foreign trading partners and declared a 35% tariff on Canadian goods beginning August 1. Additionally, President Trump announced this week in a letter to Brazil that the nation will be subject to a 50% duty on commodities imported ...

  India-UK Builds Trade Momentum Ahead of FTA   The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of India’s gem and jewellery industry, successfully hosted its first-ever India–UK Jewellery Buyer-Seller Meet (BSM) in London, marking a significant milestone in bilateral trade relations and jewellery sector collaboration.    Held from 8 to 9 July, 2025 at the Arsenal Executive Box, the curated event brought together 26 top-tier Indian manufacturers from key jewellery hubs including Mumbai, Jaipur, Surat, and Delhi. A carefully selected group of over 60 prominent UK buyers- including major names like H Samuel, Ernest Jones, Diamnet, Silverton, Beaverbrooks, Dillion Jewellery, and Warren James; attended the meet to explore opportunities for trade and partnership. The BSM was inaugurated by Nidhi Mani Tripathi, Hon’ble Minister (Economic) at the High Commission of India in London, alongside GJEPC Convener of International Exhibitions, Nilesh...

  The event graced by Fahad Ahmed Khan Suri   GJEPC launches SAJEX at the Curtain Raiser event in Jeddah and was graced by the esteemed Hon’ble Chief Guest, Fahad Ahmed Khan Suri, Consul General of India to Jeddah, Kingdom of Saudi Arabia [KSA], Eng Raed Ibrahim Almudaiheem, First Vice Chairman, Jeddah Chamber of Commerce, and Sheikh Ali Batarfi Al Kindi, President, Jeddah Jewellery Association, alongside the GJEPC leadership team Including Kirit Bhansali, Chairman, Nirav Bhansali, Convener, National Events, and Sabyasachi Ray, Executive Director. The Curtain Raiser in Jeddah marked a dynamic exchange between the gem and jewellery communities of India and Saudi Arabia.  The event served as a vibrant platform for sharing insights, exploring business opportunities, and discussing the immense potential of bilateral trade and collaboration between the two nations' jewellery sectors. A precursor to the main event - SAJEX 2025, scheduled during 11th -13th September, 2025....

  Kellie will leave the NDC room by the end of the year    On the media record, recently David Kellie wrote, following the successful signing of the Luanda Accord committing more diamond producers to provide funding support for the promotion of natural diamonds, I have advised our Board of Directors that I will be stepping down from my position at the Natural Diamond Council at the end of 2025.   At the occasion of historic Luanda Accord, “Bringing together key leaders in the industry highlights the challenge facing the industry of insufficient investment in growing consumer demand. I am appreciative to all the Ministers who attended the meeting and their commitment to focus on consumer demand as the driver of future prosperity. I’d also like to thank De Beers for their unwavering support, and to the diamond centers of Antwerp, Dubai and Mumbai for their role in making the Accord happen,” stated David Kellie, CEO of Natural Diamond Council.  The accord w...

  Diamond expo with a dazzling new venue to run until 13   The Surat Diamond Association (SDA) is proud to announce the return of its flagship B2B diamond exhibition, CARATS 2025, which will be held from July 11 to 13, 2025, at the newly designated venue, Avadh Utopia in Surat. Recognized as one of the most influential platforms for the diamond trade in India, CARATS 2025 promises to deliver an elevated experience for both exhibitors and visitors by moving to a state-of-the-art venue that matches the scale and stature of the industry it represents.   This year’s edition of CARATS will bring together a comprehensive showcase of the diamond value chain, featuring a vibrant mix of loose and lab-grown diamonds, fine jewelry, cutting-edge machinery, industry-specific software, and emerging technologies. Designed to be more than just an exhibition, CARATS 2025 is a confluence of tradition and innovation, where legacy businesses and emerging startups will stand shoulder ...

  The NDC report attempted to suggest how rare are FCDs   According to the Natural diamonds Council [NDC]’s Diamond Reports, Fancy Colour Diamonds [FCDs]- A series of reports uncovering the trends, origins and unique impacts of the ultimate Natural Gemstone; fancy colour diamonds are a quality of rarity. And the report attempted to suggest how rare are fancy colour diamonds.    There are varying estimates on what percentage of rough diamonds contain any fancy colour, although all agree it’s a small single-digit percentage. An even smaller fraction makes it through the polishing process with that colour intact. Of course, the rarity is even greater for certain colours than for the broader category, as some colours only account for a small fraction of all fancy colours. Rarity is one of the most compelling qualities that attracts collectors and jewellery buyers to fancy colour diamonds. But it is difficult to pin down.  Some factors that contribute to rari...