India’s gems, jewellery exports fell by nearly 26% in fiscal 2020-21: GJEPC

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The overall gems and jewellery exports declined by 25.71 per cent to Rs 1,85,952.34 crore during 2020-21 compared to the previous financial year on account of COVID-related disruptions, industry body GJEPC said. “2020-2021 was an exceptional year, yet the industry has shown resilience, adapted to the new normal and strived towards attaining recovery in exports […]

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Trial shipment of Rio Tinto’s rough diamond from Canada to Surat SNZ paves way for diamond polishing shipments from mid-Feb

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A trial shipment of rough diamond of miner Rio Tinto from Canada arrived at the Surat International Diatrade Centre (SIDC) last week before it starts operating likely from next month, an official of the Gem and Jewellery Export Promotion Council (GJEPC) said. The SIDC at Surat’s Gujarat Hira Bourse was declared a special notified zone […]

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India’s gems, jewellery export rise by 29% in August; imports also double even as prices touched record high

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Gems and jewellery exports rose by 29.18 per cent to Rs 13,160.24 crore ($ 1,764.06 million) in August compared with the previous month following gradual growth in demand in the US, China, Europe among others, the Gem and Jewellery Export Promotion Council (GJEPC) said. The total shipments in July stood at Rs 10,187.04 crore ($ […]

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Increase in Covid-19 cases forces Surat diamond polishing units shut till 13 July

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Diamond polishing units in Surat in Gujarat will remain shut till July 13 while diamond trading markets will be non-operational till July 9 in view of the novel coronavirus outbreak. An order to this effect was issued on Monday by Surat Municipal Corporation Commissioner. The municipal Commissioner said permission for resumption of operations would be given to these units if they follow the […]

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India plans limited imports of rough diamonds following month-long halt

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India, the world’s largest diamond cutting and polishing centre, is planning to reopen imports of rough stones in a limited way from July after imposing a temporary halt this month, a senior industry official said. Dinesh Navadiya, president of Surat Diamond Association, India”s main centre for cutting, polishing and re-export of diamonds, told indoasiancommodities.com that […]

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