National News
GJEPC & BDB Host High-Impact Customs Open House as Trade Flags Critical Valuation & Procedural Challenges
Senior Customs officials engage directly with diamantaires to address urgent concerns on valuation, investigations, reimports and policy-level reforms ahead of Budget 2026.
GJEPC and the Bharat Diamond Bourse (BDB) jointly organised a high-impact Customs Open House on 4th December 2025 at the BDB Convention Hall, creating a rare direct dialogue between diamantaires and top Customs officials. The session saw active participation from Prachi Saroop, Principal Chief Commissioner of Customs (Mumbai Zone III); Santosh Kumar Mishra, Commissioner of Customs; Roopesh Sukumaran, Additional Commissioner; and Harsh Singh, Joint Commissioner of Customs.
Representing the industry were key leaders including Kirit Bhansali, Chairman, GJEPC; Anoop Mehta, President, BDB & Convener, Diamond Panel – GJEPC; Shaunak Parikh, Vice Chairman, GJEPC; Mehul Shah, Vice President, BDB; Russell Mehta, Member – Diamond Panel, GJEPC; and Sabyasachi Ray, Executive Director, GJEPC.
Members of the trade raised pressing concerns around:
- Volatile diamond pricing
- Delayed investigations
- Inconsistent valuation practices
- Tolerance limits
- Operational issues in exports, reimports & consignment shipments
Diamantaires highlighted frequent discrepancies between panel valuers, difficulties with mixed-quality parcel classification, and the financial strain caused by prolonged case pendency.
Addressing the gathering, Prachi Saroop stressed that the purpose of the Open House was to listen and take corrective action within the legal framework. She committed to speeding up investigations, ideally closing cases within six months, and requested GJEPC to submit a consolidated list of pending matters. She urged the industry to share specific pain points requiring policy-level intervention, especially with Budget 2026 approaching.
Santosh Kumar Mishra explained the functioning of the two-tier panel valuer system, acknowledging the limitations arising from the lack of specialised jewellery experts in customs recruitment. He assured that minor valuation variations were already being treated with practical judgment, while major differences required deeper assessment as per legal protocols.
Industry leaders reiterated the need for clear tolerance limits, harmonised valuation norms, and simplified reimport procedures, especially in a market defined by sharp price fluctuations and unpredictable demand cycles. The session concluded with Customs authorities assuring that all documented grievances would be thoroughly reviewed and that actionable steps would follow—marking a constructive move toward enhancing the ease of doing business for the diamond industry
BrandBuzz
The Pearl Edit: Thoughtful Women’s Day Gifting by GIVA
Timeless pearl creations from GIVA that honour the quiet strength, elegance, and individuality of modern women.
For generations, pearls have defined timeless elegance — an evergreen classic that transcends trends and seasons. Effortlessly refined, they carry a quiet sophistication that has remained relevant across eras.
Neither fleeting nor ornamental, pearls embody a kind of understated luxury, graceful, enduring, and always in style.
This Women’s Day, GIVA celebrates women who are building, leading, choosing, and redefining life on their own terms. Women who don’t need to be loud to be powerful, because their presence speaks for itself.
In that spirit, pearls make for a meaningful gift. Timeless yet modern, they move effortlessly from everyday moments to milestone celebrations, making them a thoughtful way to honour the women who inspire us, whether it’s a mentor, a friend, a colleague, or even yourself.
Here are some pearl pieces that make for perfect Women’s Day gifts.
Stay With Me Golden Pendant With Link Chain
For the one who wears her heart unapologetically. A radiant pearl drop pendant set in gold-plated 925 silver, designed with an elegant lattice motif that blends timeless romance with modern craftsmanship. From the Barkha Singh x GIVA Glow in Motion collection, this piece celebrates intricate CNC artistry while offering a refined statement for everyday elegance.
Gold Pearl Centred Diamond Earrings
Elegant and timeless, these 18K BIS-hallmarked gold earrings feature a delicate circular motif with a luminous pearl at the centre, accented by sparkling lab-grown diamonds below. Designed for everyday luxury, they blend classic sophistication with modern brilliance, making them a graceful statement for any occasion.
Rose Gold On Mom’s Path Bracelet
A heartfelt rose gold-plated bracelet crafted in 925 silver, featuring a charming baby shoe motif with enamel detailing, a delicate pearl accent, and a subtle “mom” engraving. Thoughtfully designed to celebrate the unbreakable bond between a mother and her child, it makes for a meaningful keepsake.
Anushka Sharma Silver Drops of Pearls Set
Inspired by the hidden beauty of ocean pearls, the Anushka Sharma Silver Drop of Pearl Set captures effortless elegance with a graceful pearl drop and sparkling zircon accents. Crafted in 925 silver, the set includes a delicate pendant and matching earrings designed to add timeless charm to any look.
Rose Gold Glam Drops Necklace
Graceful and statement-making, this rose gold-plated lariat necklace in 925 silver features a central oblong pearl with delicate cascading strands ending in luminous pearls. Elegant yet contemporary, it’s the perfect piece to elevate evening looks and special occasions with effortless glamour.
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