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GJEPC Congratulates Commerce Department Officials on Landmark India–EU FTA

Industry body lauds leadership of Commerce Ministry officials for steering historic trade agreement with far-reaching impact on export sectors

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The Gem & Jewellery Export Promotion Council (GJEPC) extended its congratulations to senior officials of the Department of Commerce following the successful conclusion of the landmark India–EU Free Trade Agreement, described as the “mother of all trade deals.”

On 29 January in New Delhi, Sabyasachi Ray, Executive Director, GJEPC, met Rajesh Agarwal, Commerce Secretary, Department of Commerce, Ministry of Commerce and Industry, along with Saket Kumar, Joint Secretary, Department of Commerce, Ministry of Commerce and Industry. During the meeting, Sabyasachi Ray congratulated the officials for their pivotal role in steering the complex negotiations that culminated in the signing of the comprehensive trade pact.

He acknowledged the direct involvement and leadership of the Commerce Department officials in advancing discussions related to market access, tariff rationalisation, and trade facilitation. He highlighted that their efforts were instrumental in addressing long-standing concerns of Indian exporters and in creating a more competitive framework for bilateral trade with the European Union.

The interaction also provided an opportunity to reflect on the strategic importance of the India–EU FTA for India’s export-oriented industries, particularly the gems and jewellery sector. The agreement is expected to enhance market access, improve ease of doing business, and strengthen India’s position in global value chains, while opening new growth avenues for exporters across multiple sectors.

source : GJEPC

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DiamondBuzz

Jewelbox Expects Festive Momentum as Consumers Embrace Versatile Lab-Grown Diamond Jewellery

In an exclusive JewelBuzz interview, Vidita Kochar Jain, Co-founder, Jewelbox, shares insights on festive jewellery demand, evolving consumer preferences, the growing acceptance of lab-grown diamonds and the brand’s latest personalised diamond offering, Signed Diamonds

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Jewelbox, a contemporary lab-grown diamond jewellery brand, is witnessing an evolving jewellery consumption landscape, with consumers increasingly prioritising versatile designs, personal expression and value. As festive and wedding purchases gain momentum, the brand sees growing opportunities in everyday fine jewellery, gifting and personalised diamond offerings.

In an exclusive interview with JewelBuzz, Vidita Kochar Jain, Co-Founder, Jewelbox, discusses expectations for the current festive season, changing consumer sentiment, the growing appeal of lab-grown diamonds and the brand’s latest festive offering, Signed Diamonds, which brings a personal touch to diamond jewellery.

Jb: What are your expectations with regard to jewellery sales during the current festive season?

Vidita Kochar : Every year, the festive season is a strong period for jewellery consumption, with both gifting and self-purchases contributing to demand. Jewellery continues to hold a unique position in Indian celebrations, but the nature of consumption is evolving. Customers are increasingly looking beyond traditional occasion-led purchases towards versatile pieces that can be worn regularly. At Jewelbox, we expect lab-grown diamond jewellery to benefit from this shift, particularly in categories such as everyday fine jewellery, statement pieces and gifting. We remain optimistic about festive demand and expect to see sustained momentum across our retail and digital channels.

Jb: What is the current consumer sentiment regarding jewellery purchases?

Vidita Kochar: Consumer sentiment towards jewellery remains encouraging, although purchasing behaviour is becoming increasingly discerning. Customers are placing greater emphasis on design differentiation, product quality, versatility and the overall value proposition. There is also a discernible shift towards self-purchasing, with consumers increasingly viewing jewellery as a personal expression rather than an occasion-led purchase. Within this evolving landscape, lab-grown diamonds are finding greater acceptance, particularly among younger consumers who appreciate the ability to access fine jewellery across a wider range of designs and price points.

Jb: Are you launching any festive or wedding collections this season? If yes, please share the details?

Vidita Kochar: At Jewelbox, our focus this season is on offering jewellery that brings together contemporary design, versatility and craftsmanship. Our collections cater to festive celebrations as well as weddings, with designs that transition effortlessly from special occasions to everyday wear.

With changing consumer preferences reshaping the jewellery landscape, versatility, personalisation and design-led offerings are emerging as important purchase drivers.

Jewelbox’s focus on contemporary lab-grown diamond jewellery and innovative concepts such as Signed Diamonds reflects its approach to connecting with the evolving expectations of modern consumers. As the festive and wedding seasons bring renewed opportunities for the industry, the brand remains focused on making diamond jewellery more accessible, expressive and meaningful.

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