Browsing: Lab-grown diamonds

The Gem & Jewellery Sector Skill Council of India (GJSCI), in partnership with YGROO (A Social Enterprise), today announced the launch of P.R.E.C.I.O.U.S. Insights for Retail Gems & Jewellery – a pioneering 60-minute, in-store masterclass that brings micro-learning directly to the shop floor.

HRD Antwerp, Europe’s leading authority in Diamond and Jewellery Grading, Education and Equipment, has officially launched its operations within the Bharat Ratnam Mega Common Facility Centre (CFC) in Mumbai. This collaboration was unveiled during the prestigious IIJS Premiere 2025 and marks a significant leap in advancing India’s jewellery ecosystem with world-class diamond certification services.

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).

The 10% additional tariff levied by the US, which accounts for nearly a third of Indian natural diamond exports, will exacerbate the impact on Indian diamantaires from already-subdued demand and intensifying competition from lab-grown diamonds (LGDs), which closely resemble natural diamonds and cost much less. In the milieu, export revenues of diamantaires will decline ~8-10% in fiscal 2026.

The Gem & Jewellery Export Promotion Council (GJEPC) and InCent-LGD – IIT Madras, with the support of the Ministry of Commerce & Industry, Government of India, organized “Vajra Industry Research and Academic Meet” (Vairam 2025) on 10th February at IITM Research Park, Chennai. This event was first of its kind in the lab-grown diamond (LGD) sector, bringing together industry thought leaders, researchers, and government officials to explore the potential and future advancements in lab-grown diamonds