Govt. plans to develop studded diamond jewellery segment
The Hindu
Our policies are allied not only to the people who are cutting and polishing diamonds but also those who are bullion traders or designing the jewellery; crafting jewellery and allied industries, said Mr. Barthwal
The Centre is looking at the whole value chain of gems and jewellery, right from mining to the final selling, Commerce Secretary Sunil Barthwal said in Mumbai.
“In particular, we are looking to develop the studded diamond jewellery segment which is at the higher value end,” he said in a statement issued by the Gem & Jewellery Export Promotion Council (GJEPC).
Mr. Barthwal, who visited the IIJS Premiere Show in Mumbai on Sunday, held discussions with international delegations from several countries as well as the GJEPC Committee of Administration (CoA).
He met with more than 150 international delegates attending the IIJS Premiere 2023 to address challenges to the trade, explore collaborative opportunities, and to enhance exports, according to the statement.
A few of the countries represented were Turkey, Iran, Nigeria, Vietnam, Cambodia, Thailand, UAE, Kuwait, Jordan, Japan, and Saudi Arabia.
GJEPC said that its CoA touched upon issues such as export data processing and monitoring system (EDPMS), duty drawback, duty rationalisation with neighbouring countries, skill development, lab-grown diamonds and organising trade shows to boost exports.
“IIJS is one of the largest exhibitions of gems and jewellery in the world.. This is a very important sector for the government because it is highly labour-intensive. It generates a huge amount of creativity among our youth and it is linked to not only the people who are cutting and polishing, but also designing jewellery. This is one of the most versatile industries and it is very important for us,” Mr. Barthwal said.
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