The 2024 Union Budget has implemented significant reductions in basic customs duties across various categories of precious metals. Coins of precious metals, gold and silver findings, and gold and silver bars now face reduced duties, decreasing from 15% to 6%. Similarly, duties on
India’s policy of “One Nation, One Gold Rate” aims to establish uniform gold prices nationwide, ensuring transparency and fairness by eliminating regional discrepancies. In a significant move, leading jewelers nationwide have unanimously embraced the One Nation One Rate (ONOR) policy for gold, marking
A high-level delegation from De Beers, led by Feriel Zerouki, Senior Vice President of Provenance, Ethics, and Industry Relations, recently visited the Gem & Jewellery Export Promotion Council (GJEPC) head office in Mumbai. The delegation included Emma Wade Smith, Global Head of Public
Silvostyle, a sterling silver fine jewellery brand, catering to digital natives has inaugurated its first store in Panjim, Goa. The brand is committed to delivering accessories which bring out a statement of elegance, confidence, and individuality. The brand is strategically located in 7
The Antwerp World Diamond Centre (AWDC) has reelected Isadore Mörsel as president of its board after a brief first term. Mörsel, CEO of Dali Diamond Company, first took over in October, succeeding David Gotlib, who resigned in September. The organization confirmed Mörsel for
India’s Diamond Exports Face Decline Amid Weak Demand in China Challenges in the Diamond Industry India’s diamond exports have faced significant challenges lately, largely due to subdued demand in key markets like China. The post-Covid-19 recovery in China shows little sign of improvement.
Bharat Diamond Bourse (BDB) was honored to host His Excellency Mr. Yagi Koji, Consulate General of Japan in Mumbai, along with Ms. Ohori Keina Vice-Consul of Japan in Mumbai and Ms. Leila Kazi – Specialist Economic Affairs, Economic Advisor from the Japanese Consulate,
JOSH (Jewellery Occupational Skilling Hub) an initiative of GJSCI. Imparting Skills to individuals which primarily focuses on Training Candidates from deprived backgrounds of Society. A Convocation ceremony was held on 27th June, 2024 to felicitate 115 candidates, the pass outs of the 7th
Shree Ramkrishna Exports (SRK), a prominent company in natural diamond crafting and exports, proudly announces its membership in the United Nations Global Compact (UNGC). This initiative allows companies worldwide to adopt sustainable and socially responsible practices voluntarily. As a participant in the UNGC,
The ongoing Russia-Ukraine war for the past two years has severely impacted the diamond industry. Due to the war, the G7 countries have imposed bans on the export of rough diamonds from Russia, causing a standstill in the diamond industry. This has affected
