This is the second tenure for Vipul P Shah as Chairman of the Gem & Jewellery Export Promotion Council of India (GJEPC). During his term from October 9, 2012, to October 16, 2015, he was at the forefront to drive export demand and was successful.
08 march 2021
22 february 2021 Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs. The Indian diamond trade has asked the Government for an amendment in taxation provisions to allow the sale of rough diamonds in the Special Notified Zone (SNZ) in Mumbai; and exemption of two-per cent equalization levy on rough diamond sales. According to industry members, miners could pay a ‘turnover tax’ not exceeding 0.16%, which is the prevailing rate in Belgium. Labourers are also demanding implementation of labour laws and Factory Acts in the diamond factories, claiming that around 10 polishers across the state had committed suicide in the last few months due to joblessness.
Votes may be in favour of trading lab-grown diamonds within BDB After consistent requests from suppliers of lab-grown diamonds, the votes might just sway in favour of trading lab-growns within the premises of BDB, but with stringent rules in place By: Diamond World News Service
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The decision of whether or not to allow trading of lab-grown diamonds has been one that has been going on for five years since the ban on synthetics in 2015. Since then, a lot has changed, for one, the term synthetics has mostly been replaced by lab-grown. From De Beers, one of the largest producers of diamonds, foraying into lab-grown diamonds to FTC guidelines on lab-grown diamonds being more inclusive and many grading laboratories offering reports for lab-growns, and more importantly consumers getting more inq