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Diamond merchants Surat India 2015
India Trade Lobbies for Lower Taxes
The Indian diamond industry has urged the government to cut taxes and lift red tape ahead of the country’s annual Union Budget, arguing that exports could double under the right conditions.The Gem...
Financial-Legal Nov 01, 2020 Rapaport News
De Beers Industry Services grading Surat
India Rushes to Meet US Holiday Demand
Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months...
Manufacturing Oct 22, 2020 Joshua Freedman
Rough diamonds
India Allows Importers to Fix Errors on KP Certs
The Indian government has permitted rough-diamond importers to correct errors on Kimberley Process (KP) certificates, removing an obstacle that had been preventing the clearance of goods.The country’s Directorate General of Foreign Trade has empowered the...
Rough Markets Oct 01, 2020 Rapaport News
Bharat Diamond Bourse
India Trading Still Down, but Decline Eases
India’s polished-diamond exports fell 26% year on year to $1.22 billion in August, a gentler decline than in previous months, as overseas jewelry demand improved, the country’s Gem & Jewellery Export Promotion Council (GJEPC) reported.“We have...
Polished Markets Sep 15, 2020 Rapaport News
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
Polished diamonds.
India Extends Deadline for Duty-Free Reimports
The Indian government has granted diamond companies extra time to ship polished goods back to the country without incurring customs duty.At present, reimports are subject to the 7.5% levy once the diamonds have...
Polished Markets Jul 12, 2020 Rapaport News
Polished diamond
India Trade Calls for Lower Import Tax
India’s diamond sector has asked the government to reduce import duties for polished, arguing that a lower rate would boost the country’s position as a trading hub.The Gem & Jewellery Export Promotion Council (GJEPC)...
Polished Markets Jul 08, 2020 Rapaport News
Surat
Virus Cases Shut Parts of Surat Cutting Units
Around eight diamond-cutting businesses in Surat have closed parts of their factories after a coronavirus outbreak.Authorities ordered the shutdowns after 20 to 23 workers tested positive for the virus, Colin Shah, chairman of the Gem & Jewellery...
Manufacturing Jun 16, 2020 Rapaport News
GJEPC
GJEPC Elects New Chairman
The Gem & Jewellery Export Promotion Council (GJEPC) has elected Colin Shah to succeed Pramod Agrawal as chairman.Shah, the organization’s former vice chairman, will serve a two-year term from 2020 to 2022, the GJEPC...
Polished Markets Jun 15, 2020 Rapaport News
GJEPC
GJEPC Donates $6.7M in Coronavirus Aid
The Gem & Jewellery Export Promotion Council (GJEPC) will contribute a sum from its own reserves to help combat the COVID-19 pandemic.The trade group plans to donate INR 500 million ($6.7 million) to aid...
Polished Markets Mar 29, 2020 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
IIJS 600
Weak Rupee Raises Hopes for Indian Exports
A weaker rupee againstthe US dollar has helped boost exports to leading markets such as the US andChina, attendees at the India International Jewellery Show (IIJS) reported. “The jewelry anddiamond and colored-gemstone business is flourishing,” Gaetano Cavalieri,president...
Mining Aug 13, 2018 David Brough
Gold and Diamond Rings credit Juliya_Ka slash Shut
US-China Trade War May Hit Jewelry Industry
The Chinese diamond and jewelry industry is facing highimport tariffs to the US as trade tension escalates between Washington andBeijing. On July 10, the US Trade Representative has announced plans for aproposed 10% hike on products from...
Mining Jul 15, 2018 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
China 600
US-China Trade War Shouldn’t Hurt Diamonds
The global diamond and jewelry industry may have feltnervous about the US proposal earlier this month to place $50 billion-worth of tariffs on Chinese goods. The response from the People’s Republic lastweek — threatening its...
Financial-Legal Apr 12, 2018 Joshua Freedman
GJEPC Appoints New Chairman 2 150
GJEPC Appoints New Chairman
The Gem & Jewellery Export Promotion Council (GJEPC) haselected Pramod Kumar Agarwal as its chairman, and Colin Shah as vice chairmanfor the 2018 to 2020 period, the Indian trade organization announced Friday. Agarwal...
Polished Markets Jan 14, 2018 Rapaport News
Kama Jewellery
Kama Schachter Enters Diamond Retail in India
Kama Schachter, a diamond jewelry manufacturer and exporter, is entering the Indian retail diamond jewelry segment through its premium offering ''Kama Jewellery.'' Kama will open its first retail store in Mumbai on Valentine’s Day.''With...
Retail Feb 07, 2012 Dilipp S Nag
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