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India GST
India Reduces Industry’s Tax Burden
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...
Polished Markets Sep 23, 2019 Rapaport News
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
HK Show informa 150
Officials Calm Hong Kong Show Concerns
The organizers of the Hong Kong Jewellery & Gem Fair have assured the trade that the September show will take place as planned, and denied claims that exhibitors are requesting it be postponed due...
Polished Markets Aug 25, 2019 Rapaport News
Hong Kong show
Trade Calls to Postpone Hong Kong Show
Three major trade bodies have asked the organizer ofthe Hong Kong Jewellery & Gem Fair to delay the show until the political climate stabilizes. “Currently 30% to 40% of the exhibitors are demanding...
Polished Markets Aug 21, 2019 Rapaport News
IIJS
Trade War Sparks Opportunity for Indian Jewelers
India’s diamond and jewelry trade is hoping to take market share from Chinese suppliers after the US government announced a hike on import duties from China. There’s a changing world order and India is well placed to capitalize...
Retail Aug 13, 2019 Avi Krawitz
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
Lab-grown rough diamond
India Differentiates Synthetics Imports
India has introduced an import classification code solely for lab-grown rough diamonds, enabling the industry to keep better watch of syntheticsentering the country.The government has separated the Indian Trade Clarification(ITC) code for rough...
Financial-Legal Jul 14, 2019 Joshua Freedman
Gold
India Hikes Import Tax on Precious Metals
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...
Financial-Legal Jul 07, 2019 Rapaport News
Bharat Diamond Bourse 062319 150
Slowdown Continues in India Diamond Sector
India’s polished-diamond exports slid 15% year on year in May, reflecting a slowdown in the trade that’s been evident for the past seven months. The last monthly increase was recorded in November, according to Rapaport records....
Polished Markets Jun 23, 2019 Rapaport News
Gateway of India
India Cracks Down on Rough Shipments
India’s diamond trade is in a fight with authorities overstricter customs enforcement for rough that could have a “disastrous” impact on theindustry.Companies have recently been suspected of giving incorrect values for imports or exports of rough diamonds, a senior...
Financial-Legal May 26, 2019 Joshua Freedman
India Data
India’s Polished Exports Fall in March
India’s polished exports dropped 8% year on year to $1.86 billion inMarch, reflecting continued weakness in the diamond market. Lower volumes outweighed a rise in the average price, according to data the Gem &Jewellery Export Promotion Council...
Polished Markets May 06, 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 Jewellery Park
GJEPC Inaugurates $2B Jewelry Complex
The Gem & Jewellery Export Promotion Council (GJEPC) hasbegun building a 21-acre industrial jewelry park it believes will generatenearly $6 billion in annual revenue. The India Jewellery Park in Mumbai will cost approximatelyINR 144.67 billion...
Polished Markets Mar 11, 2019 Rapaport News
Gateway of India
India Starts Year with Export Slump
India’s polished-diamond exports dropped 16% to $1.75 billion in January,continuing their recent weakness. A slide in the volume of shipments outweigheda higher average price, according to data the Gem & Jewellery ExportPromotion Council (GJEPC) released this...
Polished Markets Feb 20, 2019 Rapaport News
Bharat Diamond Bourse sukkah 150
India Trade Slows in December
India’s polished exports fell in December, according to datafrom the Gem & Jewellery Export Promotion Council (GJEPC). However, shipmentsfor the full year increased amid a higher average price, while volume dropped. Thisreflects traders’...
Polished Markets Jan 21, 2019 Rapaport News
Bharat Diamond Bourse
India Cracks Down on Bankrupt Diamantaires
Indian industry bodies are stepping up measures to prevent owners of bankrupt diamondcompanies from starting a new business before clearing their debts. The country’s TradeDisciplinary Committee (TDC) could ban such new firms fromcarrying out...
Financial-Legal Jan 14, 2019 Rapaport News
Anantha Padmanaban
India’s GJC Elects New Chairman
The All India Gem and Jewellery Domestic Council (GJC)has elected Anantha Padmanaban as chairman for a two-year term. The organization, which represents India’s domesticjewelry industry, chose Shaankar Sen to be its vice chairman. The...
Retail Jan 07, 2019 Rapaport News
GJEPC MMTC
India Aims to Promote Its Jewelry in UAE
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)...
Polished Markets Jan 03, 2019 Rapaport News
DMCC GJEPC partnership
DMCC Joins GJEPC’s My KYC Initiative
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,...
Financial-Legal Dec 23, 2018 Rapaport News
India
India’s Polished Exports Drop
India’s polished-diamond exports fell in September,according to data from the nation’s Gem & Jewellery Export PromotionCouncil (GJEPC).Polished exports decreased 11% year on year to $2.37 billionand, by volume, fell 29% to 2.78 million carats. The average...
Polished Markets Oct 17, 2018 Rapaport News
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