Mumbai Market Has Eye on Hong Kong Show - There are many overseas and domestic buyers in the market and there is a clear demand for goods, but transactions have been slowed considerably due to the differences in asking and offering prices. The 5-7% increase in the price of rough diamonds at the February De Beers Diamond Trading Company (DTC) sight is the main factor in sellers’ insistence on higher polished prices.
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GJEPC To Set Up IIGJ Centre In Udupi

The Gem & Jewellery Export Promotion Council (GJEPC) laid the foundation stone for a premier gem and jewellery training institute in Udupi, Karnataka, on June 16th. The ceremony was attended by Nirmala Sitharaman, minister of state for commerce & industry (independent charge). Also present on the occasion was Manoj Dwivedi, joint secretary, ministry of commerce & industry.
The Indian Institute of Gems & Jewellery (IIGJ) in Udupi is being set up in association with the National Institute of Design (NID), Ahmedabad. IIGJ Udupi is the GJEPC’s first foray into the ...