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GJEPC Joins Hon’ble Finance Minister for Post-Budget Interaction in Mumbai

Union Finance Minister Smt. Nirmala Sitharaman Engages with Industry Stakeholders to Discuss Union Budget 2025

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On 17th February 2025, Hon’ble Union Finance Minister Smt. Nirmala Sitharaman participated in a post-Budget interaction session with industry leaders in Mumbai. The session focused on addressing concerns and opportunities arising from the Union Budget 2025. Representing the gems and jewellery sector, Shri Shaunak Parikh, Vice Chairman of GJEPC, and Shri Sabyasachi Ray, Executive Director of GJEPC, were among the key attendees.

The discussions aimed to explore policy measures, taxation changes, and industry-specific initiatives proposed in the Budget. This meeting is part of the government’s broader outreach programme to engage with business leaders and policymakers, ensuring the economic priorities and challenges faced by various sectors are effectively addressed.

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Cosmos Diamonds Makes History With World’s First LGD  Jewellery  Launched Into Space

The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.

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In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.

The Cosmos Bloom Diamond  is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.

Sanjana Tripuramallu, Founder- Cosmos Diamonds

The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.

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