Christie’s Magnificent Jewels sale in Geneva realised a total of $42,505,669 and achieved sell-through rates of 88% by value and 80% by lot. Coloured and colourless diamonds remained the attraction with the…

The GJEPC continued its charitable work in the fight against Covid-19 by offering financial assistance (through the Surat Diamond Association) to the SDA-Diamond Hospital & Medical Research Center (Matrushree Ramuba Tejani &…

The global gem and jewellery export market is valued at $629.06 billion of which India’s share is 6.2% or $31.45 billion. Of this, every year almost a quarter of India’s gem and…

Credit: Photo by Simphiwe Nkwali / © De Beers 2020 De Beers reported that its rough diamond production for Q2 that ended 30th June, 2020 decreased by 54% to 3.5 million carats,…

Credit: © World Gold Council Investors have embraced gold in 2020 as a key portfolio hedging strategy, said the World Gold Council (WGC) in its latest report titled, Gold mid-year outlook 2020:…

Credit: Silver Promotion Service Silver Promotion Service (SPS), a sister concern of the Silver Institute, a silver promotion body, announced the results of a US consumer research study showing pent-up demand for…

The duty drawback rate on gold has been increased by 15.6% from Rs.372.9 per gm to Rs.431.1 per gm, which will enable exporters to get higher returns on duty and taxes that…

India’s overall gross exports of gems and jewellery during the first quarter of FY2020-21 (April-June 2020) showed a decline of about 55% to US$ 2746.64 million on a year-on-year basis, according to…

In a major relief to the Indian diamond industry, the Central Board of Indirect Taxes And Customs, Ministry of Finance, Department of Revenue, Government of India, at the behest of the Gem…

The Common Facility Centres (CFC) Project Steering Committee, which includes representatives from the Ministry of Commerce & Industry and the GJEPC, met on 8th July, 2020, to review the status of the…