BIS has notified IS 19469:2025 in Mumbai, adopting the ISO diamond disclosure norms, following the GJEPC initiative, to strengthen consumer transparency as India’s diamond jewellery demand expands nationwide.

Zen Diamond has partnered Francorp to scale franchise-led retail in India, targeting over 20 stores by 2026 across Tier 1 and Tier 2 cities amid rising demand for branded diamond jewellery.

The recent imposition of steep tariffs by the Trump administration on diamonds imported from India has sent ripples across the US diamond jewellery sector. India being the primary supplier of polished diamonds to America, the world’s largest consumer market, the tariffs have caused supply chain disruptions, and are likely to lead to rising product costs. Prices are expected to go up, once the existing inventory depletes, unless a deal is reached between the US and India. Suneeta Kaul speaks with Paul Zimnisky, renowned diamond industry analyst, to gain insights into the fallout of the tariffs, and how they are reshaping buying behaviour and pricing strategies in the US.

With the steep Trump tariffs now having come into play, the cutting, polishing, manufacturing and export hubs of India are facing severe problems, with joblessness and unit-closure a distinct possibility. The silver lining is that the GJEPC is hopeful of a solution, particularly in view of the advocacy efforts of its US counterparts, who are also working hard to impress upon the Trump administration that the high tariffs will have a deleterious effect on the US jewellery industry as well. In a free-wheeling conversation with Suneeta Kaul, Kirit Bhansali, Chairman, GJEPC, talks about the impact of the tariffs, the steps being taken to bring about some relief to the industry, its expectation from the government, and more.

The Gem & Jewellery Export Promotion Council (GJEPC) met on Friday to address the sharp rise in US tariffs on Indian jewellery, which now stand at 25%–32%, threatening the export segment. Discussions covered the scale of the impact, the need to explore legal and operational intricacies, and long-term strategies to protect the sector.

De Beers Group, the global diamond powerhouse, anticipates that India's diamond jewellery market will double by 2030, driven by robust economic growth and evolving consumer preferences. This projection was shared by De Beers CEO Al Cook during his recent visit to India

Trading of Lab-Grown Diamonds through SPOT 2.0 Platform Enables Buyers and Sellers to Trade with Transparency and Confidence

As India emerges as the world’s fastest-growing major diamond jewellery market, a strategic collaboration between De Beers Group and the Gem & Jewellery Export Promotion Council (GJEPC) aims to support the Indian gem and jewellery trade by strengthening the natural diamond narrative

Retailers Eye Growth as Diamonds Account for 30% of Sales

De Beers, a prominent figure in the diamond industry, has forecasted significant growth for India's diamond jewellery market, projecting it to reach $17 billion by 2031

Embracing innovation and attuned to evolving consumer tastes, Manohar Lal Jewellers is seizing a promising opportunity in the realm of naturally coloured diamond jewellery

Compared to the pre-festive season consumption, the brand is looking forward to a growth of over 35%-40% over the next few months

The Gem & Jewellery Export Promotion Council (GJEPC) organised a virtual business meeting with Oman on 28th January 2021 in order to connect jewellery manufacturers from India and leading retailers/wholesalers of Oman

Keyur Shah, CEO, Muthoot Precious Metals Division (Part of the Muthoot Pappachan Group) & Jignesh Mehta, Founder and Managing Director, Divine Solitaires share their visions and plans for their Swarna Varsham diamond jewellery tie-up.