GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Cheer among jewellery exporters, as Govt. of Maharashtra allows limited diamond and jewellery operations during the lockdown

12 may 2020

Thousands of gems and jewellery exporters in Mumbai took a breath of relief, as the government of Maharashtra in a landmark decision on May 11, allowed designated export units of diamond and jewellery to begin their operations in Mumbai. However, considering the ongoing COVID-19 pandemic, the government has allowed limited workforce in these jewellery export units and also the transport of the employees will be the responsibility of the employer during the lockdown period, as per a Press Release from GJEPC.
According to the statement from GJEPC, this will be a significant move for the gems and jewellery export operations to commence in Mumbai as the city houses Bharat Diamond Bourse and SEEPZ, two of India’s largest jewellery export designated zones. Also, it is believed that Bharat Diamond Bourse has received export interest applications from the members worth $550Mn from 1673 consignment parcels and SEEPZ is expected to export $10Mn worth of diamond exports from 50 units.
On the other hand, Surat Diamond Bourse and Jaipur resumed work after a gap of almost 5-6 weeks. These centres are operational by adhering to the Covid-19 safety guidelines set up by Govt. The Gem and Jewellery Export Promotion Council, along with other trade bodies have been pursuing the State and Central Government to make all the major gem and jewellery centres operational across India to clear the backlog of orders from the pre-lockdown period.
Pramod Kumar Agrawal, Chairman, GJEPC said, “It’s a great step by the Maharashtra Govt. This will help us to commence the exports of gem and jewellery from Mumbai and clear the pending orders. I would like to express my gratitude to Hon’ble Chief Minister, Uddhav Thackeray; Shri Subhash Desai, Maharashtra Cabinet Minister; Shri Piyush Goyal, Hon'ble Union Minister of Commerce & Industry; Department of Revenue and Department of Customs. Bharat Diamond Bourse and SEEPZ in Mumbai are major centres which have a huge backlog of orders and the industry is happy that these centres will be operational in the next few days. We would make sure that all factories and units are operational following strict guidelines of maintaining social distancing and ensuring frequent sanitisation of factory premises, equipment, and workers.”
Colin Shah, Vice Chairman, GJEPC said, “It has been a collective effort from all the stakeholders that have helped us start gem & jewellery exports. As always there has been tremendous support from the Ministry of Commerce & Industry. The Customs department has remained open during the ongoing lockdown and officials have bravely come forward to ensure exports to take place. Both the Ministry of Commerce and Customs department worked relentlessly for the gems and jewellery exports and we as an industry thank them for their constant support. As a result, cancellation of orders got minimised from Mumbai SEEPZ, Surat Diamond Bourse and Jaipur.”
At Surat SEZ, operations of G&J units commenced post 27th April 2020 with First export of G&J commodity taking place on 5th May. 8 units started their operations in Special Notified Zone, Sachin, Surat. Surat Hira Bourse is facilitating exporters in the clearance of shipments and export to Hong Kong has been possible from Mumbai airport with direct flight/cargo connection. 
Jaipur is another important centre for gem and jewellery wherein on an average daily 7-8 shipments are taking place from ACC, Jaipur (DTA). Till date, 40 units in SEZ, Sitapura and 25 units in gems & jewellery zone of EPIP, Sitapura has commenced their production. DTA has cleared 185 shipments from SEZ, 42 shipments were cleared till May 9th.
The statement also mentions that the GJEPC and the trade fraternity are thankful for the support extended by MOC & I, Department of Commerce and State Governments across the centres. Customs at each Centre of Mumbai, Surat, Jaipur and Delhi has been providing continued assistance and backing the trade-in clearing parcels both at Import and Export. It is expected that the Indian gem and jewellery industry will be gaining back its momentum slowly by strictly adhering to the Covid-19 safety guidelines set up by Government.

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