India’s Polished Diamonds Export Down 17%
India’s polished exports fell by almost 17 per cent in the fiscal year ending March 2025, to $13.29bn, according to the Gem and Jewellery Export Promotion Council (GJEPC).
India’s polished exports fell by almost 17 per cent in the fiscal year ending March 2025, to $13.29bn, according to the Gem and Jewellery Export Promotion Council (GJEPC).
Bombshell: Trump’s 26% Tariffs on Indian Exports
The Chinese diamond market, second only to the US, is showing early signs of recovery, sparking optimism in India’s diamond industry. According to the Gem and Jewellery Export Promotion Council (GJEPC), this shift could reshape the global diamond manufacturing landscape.
India has been emerging as a bright spot for the cut and polished diamonds amidst a slowdown in key markets such as the US and China, Amit Pratihari, managing director, De Beers India told Reuters on Wednesday.
India’s government is being urged to adopt the same rules on lab grown terminology
A 19.22 carat diamond, recovered from a shallow mine by a part-time digger in India’s Panna district, sold at auction for $111,000
The company’s founder, Suresh Lakhani, aged 45, suffered a stroke three months ago and remains in a coma.
Farmers and laborers rent small patches of land from the government and regularly recover gems worth potentially life-changing sums.
India’s exports of polished diamonds suffered yet another big fall in September, down 22.9 per cent, according to the latest figures from the GJEPC (Gem and Jewellery Export Promotion Council). That’s a marginally better performance than August, when year-on-year exports were down by 23.8 per cent. Between April and September total foreign sales fell 20.6 … Read more
The Indian government is facing calls to adopt US guidelines to distinguish lab growns from natural diamonds. The 10,000-member GJEPC (Gems and Jewellery Export Promotion Council) says there is widespread confusion in the way diamonds are marketed and advertised. It says India should adopt the US Federal Trade Commission (FTC) guidelines, which say there must … Read more