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Key Highlights India’s gem and jewellery export sector staged a strong recovery in June 2026, with exports rising 26.51% year-on-year to US$ 2.21 billion, signalling renewed momentum after a challenging global trade environment. The rebound was driven by stronger international demand for gold jewellery, natural diamonds, lab-grown diamonds and platinum jewellery, supported by lower gold…
Key Highlights Fresh from being elected as the first Indian President of the World Federation of Diamond Bourses (WFDB), Mehul Shah has outlined an ambitious roadmap aimed at strengthening consumer confidence in natural diamonds, improving transparency across the global supply chain, and expanding the federation’s international reach. Rather than viewing his appointment as a personal…
The All India Gem & Jewellery Domestic Council (GJC) and SGL (Solitaire Gemmological Laboratories) have signed a strategic Memorandum of Understanding (MoU) to launch the SGL Pavilion at the GJS Diwali Edition 2026, introducing a dedicated platform focused on diamond certification, technology and trusted manufacturing. Scheduled to be held from 2–4 October 2026 at the…
Key Highlights In a significant development for India’s diamond trade, the country has hosted its first international pre-auction diamond viewing event, marking a new chapter in its journey towards becoming a global diamond trading hub. The four-day event, organised by Rapaport Corporation, USA, in collaboration with the Gem & Jewellery Export Promotion Council (GJEPC), is…
Key Highlights Strengthening access to professional gemstone and jewellery certification services, IIGJ Lab, a project of the Gem & Jewellery Export Promotion Council (GJEPC), has inaugurated a new Collection Centre at the premises of the Jewellers Association of Jaipur in Johari Bazar. The initiative is aimed at making internationally recognised gemstone, diamond, pearl and jewellery testing…
Key Highlights In a significant achievement for India’s diamond industry, Mehul Shah, Vice President of Bharat Diamond Bourse (BDB), has been elected President of the World Federation of Diamond Bourses (WFDB) during the ongoing World Diamond Congress in Singapore. The election marks a major milestone for the Indian diamond sector, placing an Indian industry leader…
Key Highlights Bharat Diamond Bourse (BDB) has strengthened its engagement with Italy’s diamond and jewellery industry following a high-level meeting with H.E. Mr. Walter Ferrara, Consul General of Italy in Mumbai. The discussions focused on enhancing bilateral trade, improving ease of doing business and identifying policy reforms that could further strengthen commercial ties between the…
Key Highlights India’s lab-grown diamond jewellery sector received a significant boost as Limelight Diamonds announced the successful completion of a ₹275 crore strategic funding round. The investment will support the company’s plans to strengthen manufacturing capabilities, expand its retail footprint and enhance product innovation as it accelerates growth across the country. The funding round was…
Key Highlights Demonstrating the power of collective social responsibility, Bharat Diamond Bourse (BDB) achieved a historic milestone by collecting a record-breaking 801 units of blood during a single-day blood donation drive held within the Bourse premises on 17 June 2026. The initiative was organised in response to an urgent appeal from leading hospitals and blood…
Key Highlights Global diamond producer ALROSA has approved its first long-term Natural Diamond Promotion Program extending through 2030, marking a significant strategic initiative aimed at strengthening sustainable consumer demand for natural diamonds across key international jewellery markets. The program, approved by ALROSA’s Supervisory Board, is designed to support industry-wide efforts in generic marketing while reinforcing…
Investment by leading industry institute supports Tracr’s evolution to becoming an independent, industry‑wide platform for natural diamond provenance Key Highlights De Beers Group and GIA (Gemological Institute of America) today announced the signing of a definitive agreement for GIA to acquire a 30 per cent shareholding in Tracr, the De Beers Group-backed company behind the…
Industry Focus Shifts Beyond Lab-Grown Detection as Verification Demands Grow Across Global Supply Chains Key Highlights A decade ago, the diamond industry’s primary concern was relatively straightforward: identifying undisclosed laboratory-grown diamonds that had entered natural diamond parcels. Today, according to Gemological Science International (GSI), the challenge facing manufacturers, retailers and laboratories has become far more…
Natural Diamond Industry Gets Regulatory Support as Russia Bans Use of ‘Diamond’ Terminology for Lab-Grown Stones Key Highlights In a significant development for the global diamond trade, the Government of Russia has introduced new regulations to strengthen the distinction between natural and synthetic diamonds in the retail jewellery market. The move is expected to resonate…
The move strengthens collaboration between the Natural Diamond Council and India’s apex gem and jewellery trade body, reinforcing industry efforts to promote natural diamonds globally. Key Highlights The Gem & Jewellery Export Promotion Council (GJEPC) has become the first industry body to progress towards membership of the Natural Diamond Council (NDC) under the Luanda Accord…
India’s natural diamond jewellery market continues to expand as younger consumers drive demand, with ownership among Indian women increasing from 11% in 2022 to 15% in 2025, according to the latest industry study. Key Highlights India’s natural diamond jewellery market is witnessing strong momentum, supported by changing consumer behaviour, rising disposable incomes and increasing self-purchase…
Bharat Diamond Bourse Postal Stamp presented to Hon. Bogolo Joy Kenewendo. Minister of Minerals and Energy, Botswana Mr. Mehul Shah, Vice President of the Bharat Diamond Bourse, presented the official stamp released by the Department of Posts, Government of India, to Hon. Bogolo Joy Kenewendo, Minister of Minerals and Energy, Republic of Botswana during his visit…
Key Highlights Shri Kirit Bhansali, Chairman, GJEPC and Shri Anoop Mehta, Convener, Diamond Panel & President, Bharat Diamond Bourse, today met Hon’ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, to discuss key priorities concerning the growth and development of the gem and jewellery sector in the state. The discussions focused on strategic initiatives aimed at…
Key Highlights India concluded the Kimberley Process (KP) Intersessional Meeting 2026 in Mumbai after four days of discussions focused on strengthening trust, transparency and long-term sustainability across the global natural diamond ecosystem. Held under India’s Chairship theme of Credibility, Compliance and Consumer Confidence (3Cs), the meeting brought together government representatives, industry leaders, civil society organisations…
Key Highlights: Natural Diamond Council has welcomed two rulings from the UK’s advertising watchdog backing its efforts to protect consumers from misleading adverts of synthetic diamonds. The not-for-profit organisation, which exists to promote and protect the integrity of the global natural diamond industry, complained to the Advertising Standards Authority (ASA) about adverts by two retailers…
Mr. Kirit A. Bhansali, Chairman, GJPEC is a well-known personality in the Indian diamond and jewellery industry. He is a partner in Smital Gems, a leading diamond manufacturing company based in Mumbai. With his extensive experience in the field, he has played a significant role in promoting and developing the Indian gem and jewellery industry.…
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