National News
Gem & Jewellery BSM 2025 :Fruitful partnerships and meaningful dialogue
GJEPCs Gem & Jewellery Buyer-Seller Meet 2025 commenced with an air of optimism and global camaraderie, setting the stage for fruitful partnerships and meaningful dialogue between Indian manufacturers and international buyers.
The event was inaugurated with a grand unveiling, paving the way for over 40 international buyers to engage in curated one-on-one business meetings with Indian jewellery manufacturers and exporters. The venue buzzed with activity as new connections were forged and long-standing business relationships were rekindled.
Among the notable international buyers. Lisi Fracchia from Spain, visiting India for the first time, expressed her delight at the overwhelming business prospects. Her experience at the BSM not only introduced her to new business avenues but also gave her the opportunity to reconnect with existing suppliers participating in the show.
Cloyette Harris Stoute, representing Alliyette, USA, is also making her maiden visit to India. Her objective of understanding India’s advanced jewellery manufacturing technology and the comprehensive supply chain process was met with great satisfaction. Deeply impressed by her interactions with exhibitors, she shared her enthusiasm about returning in the future.
On the domestic front, Hitesh Thakar, General Manager at Mohit Diamond Pvt. Ltd, reflected on the invaluable insights gained during his meetings. He noted that conversations with buyers revealed their strategic focus on brand expansion, opening up new opportunities for his company to scale their business and adapt to evolving global demand.
Priyank Shah of Walking Tree, participating as a first-time exhibitor, commended the event’s structured format. The carefully filtered buyer group enabled targeted interactions, resulting in serious inquiries from markets such as the USA, Kazakhstan, Brazil, and beyond—particularly for custom-made jewellery.
The first day concluded on a high note, with an atmosphere rich in collaboration and discovery. The meet not only reflected the strength of India’s jewellery sector but also its growing global appeal.
National News
India’s Natural Diamonds Exports Lead In Value As Polished LGD Exports Overtake In Volume
Natural Diamonds Continued To Dominate In Overall Export Value Due To Their Substantially Higher Price Realization Per Carat.
India’s export volume of polished lab growns has overtaken that of natural diamonds for the first time.India’s diamond export industry has crossed a historic threshold, with the volume of polished lab-grown diamonds surpassing natural diamonds for the first time. However, a massive pricing disparity ensures that mined gems still command the financial throne.
According to newly released data from the GJEPC for the fiscal year ending March 2026, lab-grown exports surged by nearly 31% to reach 18.84 million carats. Conversely, natural diamond exports contracted by roughly 4%, slipping to 16.00 million carats.
During the fiscal period, natural diamonds accounted for an export volume of 16.00 million carats, with an average price of $760 per carat, generating total fiscal revenue of $12.16 billion. In comparison, lab-grown diamonds recorded a higher export volume of 18.84 million carats; however, with an average price of only $60 per carat, they generated significantly lower total fiscal revenue of US$1.13 billion. While lab-grown diamonds surpassed natural diamonds in volume terms, natural diamonds continued to dominate in overall export value due to their substantially higher price realization per carat.
Despite the revenue gap, the volume flip highlights an astronomical growth trajectory; a decade ago, in fiscal 2015-16, India exported a mere 10,000 carats of lab-grown diamonds. Early data for April 2026 indicates this trend is locking in, with lab-grown volumes edging past naturals at 1.36 million carats to 1.34 million carats, respectively.
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