GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

GJEPC recommends key points at Meeting on ‘Enhancing Global Competitiveness’ by Commerce Ministry

31 october 2019

gjepc_logo_news.pngAt an interactive session with stakeholders to enhance global competitiveness held on October 28, 2019, under the chairmanship of Hon'ble Union Minister of Commerce & Industry and Railways, Shri Piyush Goyal, the Gem & Jewellery Export Promotion Council put forward the recommendations for the gems and jewellery industry, says a report in gjepc.org.
Speaking on behalf of the g&j exporters, Sabyasachi Ray, Executive Director thanked the Government of India for proactively looking into industry's concerns and resolving the same to provide much-needed respite.
Thereafter, he raised some of the critical issues facing the industry, drawing specific attention to the following: Formulation and implementation of Gold Policy as announced by the past Hon'ble Finance Minister in the Union Budget last year ;
Amendments in taxation norms further enabling the sale of rough diamonds in Special Notified Zone in Mumbai; and Need for deliberations related to a Gold Mining Policy similar to what has been done in China; Amendments to the e-commerce policy enabling sale of small jewellery packets of a maximum value of $ 300.
Hon'ble Commerce Minister appreciated all the four key points raised by GJEPC and informed the Council that he has already discussed the issue of reduction in import duty on cut and polished diamonds with the Hon’ble Finance Minister.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished