India’s natural diamond polishing industry faces a 28-30% revenue drop to $12.50 billion in FY2025 due to 50% US tariffs reports CRISIL
Browsing: CZ & Lab Grown Diamonds
Palmonas secures INR 55 Cr Series A funding from Vertex Ventures to open 100 stores, expand its 9kt demi-fine line, and enter global jewellery markets.
Anmol Jewellers Hyderabad marked a milestone on 24th August with the grand launch of their first lab-grown diamond jewellery store under the brand EVERLUME Jewels
Sriram ‘Ram’ Natarajan, previously managing director of GIA India Laboratory Private Limited (GIA India), has been appointed to a new role as senior vice president of laboratory operations for the Gemological Institute of America, Inc. (GIA). He began his new responsibilities in early August, based at GIA’s world headquarters in Carlsbad, California, U.S., reporting to GIA President and CEO Pritesh Patel
July 2025 sees strong growth in exports, while cumulative April–July figures reflect a decline in key segments.
Gemological Science International (GSI), a global leader in gemological certification, reinforced its position as the trusted laboratory partner for India’s jewellery supply chain at IIJS Premiere 2025, held at the Nesco Exhibition Centre, Mumbai.
revival of vintage gemstone: Trapiche Emerald
The Board of Governors of the Gemological Institute of America, Inc. (GIA) has named Pritesh Patel, currently GIA’s Chief Operating Officer, as the Institute’s President and Chief Executive Officer, effective August 4, 2025. Patel succeeds Susan M. Jacques, GIA’s President and CEO since 2014, who will continue at GIA as a strategic advisor until her retirement at the end of 2025
India’s total imports under the Gem & Jewellery category (Chapter-71) for May 2025 stood at ₹32,006.09 crore (US$3,748.62 million), showing a marginal year-on-year decline of 0.18% in rupee terms and 2.52% in dollar terms when compared to ₹32,065.28 crore (US$3,845.69 million) in May 2024.
India’s gem and jewellery exports for May 2025 witnessed a noticeable dip, with gross exports falling 15.81% to US$ 2,263.42 million (₹19,260.81 crore), compared to US$ 2,688.38 million (₹22,414.02 crore) in May 2024. Imports also dropped 12.96% to US$ 1,689.61 million (₹14,393.12 crore). However, in a positive turn, the cumulative export value for April-May 2025 increased by 4.96% year-on-year to US$ 5,202.01 million (₹44,407.30 crore). Imports during the same period declined slightly by 2.52% to US$ 3,748.62 million (₹32,006.09 crore).
