Browsing: Diamond Trade

The 18th edition of IIJS Bharat – Signature 2026, organised by the Gem & Jewellery Export Promotion Council (GJEPC), concluded in Mumbai, marking a strong start to the global gems and jewellery trade calendar for 2026. As the first major B2B trade show of the year, the event set a bullish tone for the industry, with an estimated ₹75,000 crore in business expected to be realised over the next three months.

India’s gem and jewellery exports to the United States witnessed a sharp contraction during April–December 2025, declining 44.42% year-on- year to US$ 3.86 billion, compared to US$ 6.95 billion in the corresponding period last year. In December 2025, exports to the US declined by 50.44% year-on-year, reflecting the continued impact of tariff-related pressures and subdued discretionary

Hon’ble President of India, Smt Droupadi Murmu, visited Botswana on a State Visit from 11 to 14 November 2025. The Gem and Jewellery Export Promotion Council (GJEPC), representing India’s diamond sector, joined the Indian delegation along with South Gujarat Chamber of Commerce and Industry (SGCCI) at the invitation of the Government of Botswana.

The next World Diamond Congress, a joint assembly of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), will be held July 12-15, 2026, at the Sands Expo & Convention Centre.

The Indian Chamber of Commerce (ICC) organised the Diamond Conclave 2.0, themed “India Shining for the Global Stage,” bringing together policymakers, industry leaders, and experts to deliberate on the opportunities and challenges shaping India’s gem and jewellery sector. The conclave highlighted India’s unparalleled dominance in diamond processing, the sector’s role in employment and exports, as well as the impact of recent U.S. tariffs and global trade dynamics

Titan Company Ltd., through its Dubai-based subsidiary Titan Holdings International FZCO, completed the acquisition of a 67% stake in Damas LLC, the renowned jewellery retailer rooted in the Gulf Cooperation Council (GCC) region. The deal was struck with Damas International Limited, a subsidiary of Qatar-based Mannai Corporation. The value of the transaction has been pegged at around USD 282 million (AED 1,038 million).

The 6th edition of CARATS – Surat Diamond Expo, organized by Surat Diamond Association (SDA) from July 11 to 13, 2025, at the prestigious Avadh Utopia, concluded on an exceptionally high note. The event witnessed remarkable participation and enthusiasm from industry stakeholders, culminating in trade transactions surpassing INR 100 crore. This impressive milestone reaffirmed the expo’s growing stature as a premier B2B platform for diamonds in India