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CIBJO Creates Committee on Lab-Grown Diamonds
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The World Jewellery Confederation (CIBJO) has votedto establish a lab-grown diamond committee that will determine rules for the synthetics sector. The CIBJO board approved the move at the confederation’s 2019 congress in Bahrain,...
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Polished Markets
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Nov 21, 2019
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Rapaport News
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India Reduces Industry’s Tax Burden
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The Indian government has lowered the rate of goods and services tax(GST) for certain diamond work in a move that will help buoy the struggling sector, the nation’s Gem & Jewellery Export Promotion...
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Polished Markets
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Sep 23, 2019
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Rapaport News
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Indian Tax Office Lightens Exporters’ Load
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Diamond exporters will be allowed to ship goods out of India for trade showsor consignment without paying goods and services (GST) tax, the government has announced.The revision rules that these items don’t constitute...
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Polished Markets
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Jul 25, 2019
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Rapaport News
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India Hikes Import Tax on Precious Metals
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India’s Gem & Jewellery Export Promotion Council (GJEPC)has expressed disappointment with the nation’s latest Union Budget, adding that failure to reduce high duties on gold and diamonds will result in furtherjob losses.The council...
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Financial-Legal
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Jul 07, 2019
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Rapaport News
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India Aims to Promote Its Jewelry in UAE
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Two Indian trade groups have agreed to promote the country’sjewelry in the United Arab Emirates (UAE). The Gem & Jewellery Export Promotion Council (GJEPC) andthe Metals and Minerals Trading Corporation of India (MMTC)...
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Polished Markets
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Jan 03, 2019
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Rapaport News
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DMCC Joins GJEPC’s My KYC Initiative
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The Dubai Diamond Exchange (DDE) will join the Gem &Jewellery Export Promotion Council’s (GJEPC) digital know-your-customerplatform. All members of the DDE’s parent company, the Dubai Multi Commodities Centre(DMCC), that trade in diamonds,...
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Financial-Legal
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Dec 23, 2018
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Rapaport News
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India Hikes Diamond Import Tax
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India’s decision to increase import duty on diamonds could negatively affect the domestic industry, the nation’s Gem & Jewellery Export Promotion Council (GJEPC)has warned. The country recently hiked the rates on cut-and-polished, semi-processed...
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Polished Markets
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Oct 02, 2018
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Rapaport News
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GJEPC Tightens Ties with Shenzhen
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India’s Gem & Jewellery Export Promotion Council (GJEPC)will open an office in China’s Shenzhen Rough Diamond Exchange (SRDE) in aneffort to promote trade between the countries.GJEPC chairman Pramod Agrawal signed a Memorandum ofUnderstanding (MOU) with...
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Polished Markets
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Aug 12, 2018
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Rapaport News
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Indian Banks Slash Lending by 10%
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Bank financing to India’s gem and jewelry sector has fallenat least 10% since April 1 due to stricter lending conditions, according to the trade’s export-promotion body.Credit providers tightened their rules after allegations inJanuary that...
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Financial-Legal
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Jul 24, 2018
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Rapaport News
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India Sees Rise in Polished Exports
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India’s polished-diamond exports grew 8% in March, accordingto data the nation’s Gem and Jewellery Export Promotion Council (GJEPC)released Friday. Shipments increased to $2.03 billion year on year for themonth, with the volume of exports falling...
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Mining
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Apr 30, 2018
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Rapaport News
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GJEPC Predicts Strong Year for Jewelry
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India’s gem and jewelry exports will grow by adouble-digit percentage this year, Pramod Agrawal, the newly elected chairman ofthe Gem & Jewellery Export Promotion Council (GJEPC), predicted this week. The high...
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Polished Markets
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Feb 13, 2018
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David Brough
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