Browsing: Lab-grown diamonds

India’s Gem and Jewellery Trade Witnesses Mixed Trends in May 2025

By

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).

CRISIL: Diamond Exports to Dip 10% this Fiscal as Tariffs take Effect

By

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.

GJEPC and InCent-LGD, IIT Madras organise Vajra Industry Research and Academic Meet (Vairam 2025)

By

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