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Rough diamond
Indian E-Tax ‘Doesn’t Apply to Rough Sales’
Rough trading does not incur India’s new e-commerce tax, the country’s Gem and Jewellery Export Promotion Council (GJEPC) confirmed after meeting with finance minister Nirmala Sitharaman.India introduced the equalization levy...
Financial-Legal Aug 27, 2020 Rapaport News
India letters
GJEPC: Coronavirus May Lead to Payment Delays
India’s diamond industry has asked banks and the government for help with its credit difficulties, as the coronavirus crisis has left clients in China and Hong Kong unable to pay bills.The Gem and...
Rough Markets Feb 12, 2020 Joshua Freedman
Diamond Foundry polished stone
GJEPC Mulls Separate Lab-Grown Membership
India’s Gem and Jewellery Export Promotion Council (GJEPC) isconsidering a new membership category for lab-grown-diamond traders in afurther attempt to keep better tabs on the trade. The organization requires companies to choose a productcategory — known as a “panel”...
Polished Markets Aug 29, 2019 Rapaport News
India Tax
Indian Tax Office Lightens Exporters’ Load
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...
Polished Markets Jul 25, 2019 Rapaport News
DPA India
DPA Targets New Indian Parents
The Diamond Producers Association (DPA) will launch acampaign in India encouraging new parents to celebrate the birth of a child by purchasing a diamond. Based on the DPA’s consumer research, 39% of Indianconsumers consider the birth of a child to be an auspicious...
Retail May 05, 2019 Rapaport News
India
India Trade Looks to Ease Banks’ Concerns
India’s diamond industry is working to produceguidelines for banks to reduce their risks when lending to the trade. The nation’s Gem & Jewellery Export Promotion Council (GJEPC) has beencollaborating with the government and lenders...
Financial-Legal May 01, 2018 Joshua Freedman
India BDB 150
India Sees Rise in Polished Exports
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...
Mining Apr 30, 2018 Rapaport News
India Bank Allegations Widen 022118 150
Investigation into $1.8B Jewelry Fraud Intensifies
Indian authorities have reportedly arrested five senior executivesat Nirav Modi Group and Gitanjali Gems as investigations continue into amassive fraud case involving the two companies.Punjab National Bank (PNB) has alleged the...
Financial-Legal Feb 21, 2018 Joshua Freedman
GJEPC IIJS 2017 opening
GJEPC Unveils 5-Year Plan to Boost Indian Exports
India’s jewelry trade has outlined a plan to increaseexports by about 40% over the next five years, Praveenshankar Pandya, chairmanof the country’s Gem and Jewellery Export Promotion Council (GJEPC), saidFriday. The council has...
Polished Markets Jul 30, 2017 Avi Krawitz
Praveenshankar Pandya GJEPC at IIJS 2017
New Diamond Panel Tackles Undisclosed Synthetics
A number of organizations have formed a committee toprotect natural diamonds against the threat of synthetic ones, Praveenshankar Pandya,chairman of India’s Gem and Jewellery Export Promotion Council (GJEPC), saidFriday. “Our goal is to create a separate footprint for...
Polished Markets Jul 30, 2017 Avi Krawitz
Marange Rough
India Approves Release of Seized Marange Diamonds
India formally approved the release of Marange diamonds that were seized by Indian customs officials after goods arrived in the country from Dubai.''Formally, it is done by the government and the parcel will be released,'' Rajiv Jain,...
Rough Markets Aug 23, 2011 Dilipp S Nag
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