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Following the Government’s decision to increase gold import duty, the All India Gem and Jewellery Domestic Council has called for calm across the trade, emphasising confidence, stability, and long-term sector resilience. Senior leadership from GJC stated that the industry should avoid panic reactions and continue business operations with confidence while supporting broader economic priorities. Rajesh…
Global KP delegates receive an exclusive tour of Bharat Diamond Bourse and IDTC, highlighting India’s growing leadership in the natural diamond ecosystem. The visiting delegation attending the Kimberley Process (KP) Intersessional in Mumbai was accorded a ceremonial welcome at the Bharat Diamond Bourse (BDB), reinforcing the strategic importance of the Kimberley Process in safeguarding the…
Key Highlights India formally commenced the Kimberley Process (KP) Intersessional Meeting 2026 in Mumbai under its Chairship, bringing together representatives from KP Participant nations, Observers, industry bodies and civil society stakeholders for high-level deliberations on the future of the global natural diamond trade. The four-day meeting, being held from May 11 to May 14, marks…
Key Highlights There is a kind of business that the trade knows intimately but the public has never heard of. Kama Jewelry Private Limited is one of them. Founded on 27 May 1996 by Colin Shah — a first-generation entrepreneur from a family of doctors — Kama was built on a single principle: do the…
Key Highlights Shringar House of Mangalsutra Limited (SHOML) has officially inaugurated its expanded, state-of-the-art manufacturing facility in Kandivali, Mumbai, marking a significant milestone in its growth and capacity augmentation journey. The unit is equipped with advanced machinery and upgraded systems designed to enhance precision manufacturing and improve turnaround timelines. The official inauguration ceremony was held…
Key Highlights The Indian Association for Gold Excellence and Standards (IAGES) has marked a significant milestone in its journey to standardise India’s gold ecosystem, surpassing 100 accredited partners and establishing a robust network of over 550 accredited partner outlets across 29 states and more than 240 cities. As a self-regulatory body, IAGES continues to position…
Discussions focus on Strengthening India–South Africa Trade Ties in the Diamond Industry Key Highlights Bharat Diamond Bourse had the honour of hosting H.E. Professor Anil Sooklal, High Commissioner of South Africa to India, based in New Delhi, along with Mr. Gideon Labane, Consul General of South Africa in Mumbai, and a delegation of senior officials…
Key Highlights All India Gem and Jewellery Domestic Council (GJC) has been actively engaging with senior officials of the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) to advance a comprehensive revamp of the Gold Monetisation Scheme (GMS). GJC has submitted a refined, jeweller-integrated framework for GMS, developed through structured stakeholder consultations…
Key Highlights Marking a significant milestone in India’s gem and jewellery skill development landscape, the Indian Institute of Gems & Jewellery (IIGJ), Udupi, was unveiled today as a new centre of excellence by Hon’ble Finance Minister Smt. Nirmala Sitharaman reaffirming the government’s continued focus on skilling, innovation and employment generation for the sector. The ceremony…
Key Highlights India’s gem and jewellery sector is poised to gain fresh export momentum following the signing of the India–New Zealand Free Trade Agreement (FTA), with the Gem & Jewellery Export Promotion Council (GJEPC) projecting a nearly 200% rise in exports to USD 50 million over the next three years, up from the current USD…
Key Highlights In a first-of-its-kind engagement, Indian exporters registered on the India-USA Trade Facilitation Portal participated in a dedicated webinar with Costco Wholesale’s merchandising team and CEO on 24 April, gaining direct insight into the retailer’s sourcing strategy, product categories and supplier onboarding processes. The session — organised through the portal developed by the Consulate…
Key Highlights The Gem and Jewellery Export Promotion Council (GJEPC) participated in a closed-door outreach session in Paris hosted by UFBJOP, bringing Kimberley Process leadership into direct dialogue with leading luxury jewellery maisons. Conducted under the Chatham House Rule, the session addressed the KP’s role in sourcing integrity, brand risk mitigation and consumer trust —…
In a significant policy implementation move, the All India Gem and Jewellery Domestic Council has translated a Maharashtra government directive into a practical, ground-level framework — one that for the first time gives jewellery traders across the state structured protection against undue law enforcement interference during theft investigations. Key Highlights The All India Gem and…
With peace talks in the region advancing and US consumer sentiment strengthening, the Bharat Diamond Bourse sees conditions aligning for a meaningful upturn in global diamond prices and Indian jewellery manufacturing. As diplomatic efforts to resolve the prolonged West Asia conflict move toward a constructive conclusion, the global diamond trade is cautiously positioning itself for…
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