[Pearl Jewelry : Pearl Necklace] 4/29/2018 06:22:00 PM

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According to preliminary data of the Indian Council for the Promotion of Gem and Jewelery Export Promotion Council (GJEPC), in November 2013, polished exports from India declined by 22% year-on-year to $ 1.104 billion. In terms of volume, exports decreased by 39% and amounted to 1.668 million carats.
Import of polished diamonds grew by 24% and reached 392.04 million dollars within a month. Net exports of diamonds, i. Exports exceeded imports by 36% to $ 712.8 million.
Imports of rough diamonds to India increased by 26% in November to $ 1.139 billion, while exports of rough diamonds decreased by 28% to $ 79.4 million. Net imports of diamonds, or the excess of imports over exports, jumped by 34% and amounted to $ 1,060 billion.
India's net diamond account for November, calculated as the difference between total exports and imports of diamonds and diamonds, fell to a deficit value of $ 347.3 million compared to a profit of $ 313.1 million a year earlier.
According to Rapaport News, Indian polished exports increased 22% to $ 19.383 billion in the first 11 months of 2013 and polished imports by 33% to $ 6.484 billion. Imports of rough diamonds rose 10% to $ 14.652 billion, while their exports - by 16% and reached $ 1.680 billion.

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Posted By Blogger to Pearl Jewelry : Pearl Necklace at 4/29/2018 06:22:00 PM

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The Gems and Jewelery Export Promotion Council (GJEPC) has invited the government and international organizations, including the Kimberley Process (KP), to create a separate classification code for synthetic diamonds and diamonds in order to carry out the certification of artificial stones by analogy with natural.
This recommendation was developed against the backdrop of a sharply increased number of incidents associated with the mixing of undeclared synthetic diamonds with lots of natural stones that undermine the reputation of the Indian diamond industry.
ITC (HS) codes are better known as Indian Trade Clarification (ITC), they are based on the system of encoding import-export transactions.
Sanjay Kothari, representative of the Natural Diamond Monitoring Committee of the GJEPC (NDMC), said: "By February we expect to receive a detailed report on the synthetic polished diamond market. Up to this time, we have taken steps to separate synthetic diamonds and diamonds according to the ITC HS code and carry out their certification in analogy with natural stones. This will help us monitor the market for synthetic diamonds. Import of rough diamonds is not subject to duty, according to the ITC HS code issued by the Directorate General of Foreign Trade (DGFT). While imported natural diamonds have KP certification, including an indication of the country of origin, synthetic stones of such certification are not subject to certification.

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The exhibition of equipment, which took place from December 13 to December 15 and was the first such event in the country, was attended by leading local and international suppliers of equipment and technologies.
Speaking at the opening of the exhibition, Vipul Shah said: "I am pleased to welcome all the equipment for the precious stones and jewelery industry that we gathered at the debut exhibition, which we organized together with the SDA. This event is designed to introduce industry participants to the latest technological innovations and achievements of the jewelry sector. Previously, the equipment section occupied an important part at the IIJS annual fair, and IGJME is being organized to significantly expand the presence of well-known manufacturers of specialized equipment from India and from around the world and to present the latest technological achievements of the jewelry sector. "
Sri Saurabbhai Patel congratulated GJEPC and SDA on the successful implementation of the initiative to establish a regular exhibition of equipment in Surat. The scale and scope of the exhibitions in Gujarat has significantly expanded in recent years - we started with small exhibitions, and now such events take up an area of about 100,000 square meters. feet. We want to make Gujarat a major exhibition center and ensure the growth of the manufacturing sector, for this purpose, several associations were established that will hold exhibitions throughout the year. "
SDA President Dinesh Navadia said: "I would like to thank GJEPC for the fact that the IGJME exhibition is organized in Surat. The purpose of this exhibition is to ensure the expansion of ties between small and medium-sized diamond and jewelry manufacturers with its participants, and further improve the quality of products. Small and medium-sized companies will get the most tangible benefits, as they will have access to information about the availability and cost of equipment, ways to improve the quality of goods and the most efficient use of raw materials. "