Bharat Diamond Bourse strengthened its focus on global compliance by hosting the RJC Roadshow, where international experts guided diamantaires on updated standards, assurance systems, and ESG-led responsible practices shaping the diamond value chain.

The Bharat Diamond Bourse (BDB) came together in a solemn condolence meet to honour the memory of its revered founding member, Shri Kavinbhai Chimanlal Parikh, who passed away recently. The gathering saw an outpouring of respect and admiration from BDB office-bearers, industry stalwarts, and prominent diamantaires, all of whom reflected on his pivotal role in shaping both the institution and the broader Indian diamond industry

The proposed move of the Government of India to label LGDs as “synthetic” has caused a furore, with the LGD segment saying this would not only be unfair, it would greatly damage the credibility of a sector that produces and retails grown diamonds, which are identical to mined diamonds. Suneeta Kaul speaks with Vidita Kochar of Jewelbox, a prominent LGD player, to understand the ramifications of such a proposal.

The Government of India has announced the reintroduction of the Diamond Imprest Authorisation (DIA) Scheme, aiming to boost India’s competitiveness in the global diamond trade and support the domestic industry

The Kimberley Process meeting scheduled from June 20 to 24 in Botswana will not include Russia’s invasion as an agenda for discussion

Sarine files more lawsuits against alleged ‘Pirates of Surat’

Bijayanand Pattanayak is a career banker with 38 years of experience in Public, Foreign and Private Sector Banks

Prior to the Russia-Ukraine war, prices of roughs were expected to rise 10-12% on-year next fiscal -- now, CRISIL expects them to rise by a further 5%-8% amid supply-side constraints

Some of the major aspects of budget representation are duty cuts primarily for gold, cut and polished diamonds, precious and semi-precious gemstones

The Forevermark Forum took place in the physical form this year, with several important announcements made -- change in brand name to De Beers Forevermark, launch of Avaanti, the new designer collection, and the kickstarting of the Code of Origin project, to name a few

5 million people work in the G&J industry that is worth $40 billion and contributes around 7 per cent to our nation’s GDP

With cost of doing business going up, export competitiveness will go down; Indian exporters will lose business to neighbouring countries resulting in job losses

Tehmasp Printer, MD, IGI-India

The GJEPC, the apex council for the gems & jewellery industry releases a statement on PNB fraud; whille expressing its faith in the Indian banking system, the statement also places onus on the banking system for having neglected an irregularity of this magnitude for such a long period.