The newly inaugurated SGL Institute of Gems and Jewellery, launched by SGL Labs Pvt. Ltd., aims to transform the education landscape for those captivated by the world of diamonds and gemstones
This was the steepest month-on-month decline in exports in the non-oil category in nine months as global shipping lines were forced to a longer sea route through the Cape of Good Hope amid sustained attacks by the Houthi forces along the crucial shipping routes.
Gem And Jewellery Export Promotion Council: Gem and jewellery exports in FY24 s April-December plunged by 20.78% YoY to USD 22.7 billion, attributing the decline to global economic challenges and geopolitical factors. The import of gems and jewellery also saw a 22.43% YoY decrease. Notably, rough diamonds imports fell by 23.51%, while cut and polished diamond exports declined by 28.27%. Lab-grown diamonds, previously on the rise, experienced a 22.97% dip in gross exports. Despite the current setback, industry experts, including Colin Shah of Kama Jewelry, anticipate a gradual recovery from the 3rd quarter of FY25.
85 exhibitors from 11 countries presented their high-quality jewellery creations and a diverse range of diamonds, pearls and coloured gemstones to the interested trade audience