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Lab-grown Diamond Exports: The Lab-grown Diamonds (LGDs) exports are set to rebound in FY25, with an expected growth of 7-9% to reach around US$1500-1530 million, as per CareEdge Advisory. Despite recent declines due to falling prices, LGD demand is poised to increase due to factors like cost-effectiveness and environmental sustainability, with India emerging as a key player in the global LGD market. ....
The Lab-grown Diamonds (LGDs) exports are set to rebound in FY25, with an expected growth of 7-9% to reach around US$1500-1530 million, as per CareEdge Advisory. Despite recent declines due to falling prices, LGD demand is poised to increase due to factors like cost-effectiveness and environmental sustainability, with India emerging as a key player in the global LGD market. ....
Engaged sporting stars Grace Steinmetz and Rameka Poihipi are kicking couple goals. When it comes to popping the question, there are so many different ways. ....
GJEPC urges govt to reduce import duty on gold and diamonds ahead of Union Budget. They seek a reduction in import duty on precious metals to 4% and on cut & polished diamonds to 2.5%. GJEPC also demands the reintroduction of the Diamond Imprest Licence and the sale of rough diamonds in Special Notified Zones (SNZs), and expansion of SNZs to include globally recognized diamond broking and trading houses. Furthermore, they recommend the introduction of a mechanism similar to GST refund to maximize benefits from the India-UAE CEPA. ....
India s gems and jewellery exports fell by 11.49% in October, reaching Rs 22,873.19 crore. Cut and Polished Diamonds exports fell by 32.70% to Rs 10,495.06 crore, while polished Lab Grown Diamonds exports dropped by 23.01% to Rs 1,135.16 crore. The decline was mainly due to a slowdown in demand in key markets and supply constraints of diamonds. ....