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GJEPC webinar on Credit Guarantee Scheme for exporters draws strong industry response

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GJEPC hosted an interactive webinar on the Credit Guarantee Scheme for Exporters (CGSE), drawing participation from 90 industry members on 18th December. Hardik Mukesh Sheth, Director, Department of Financial Services, Ministry of Finance, delivered the keynote address.

Welcoming participants, Sabyasachi Ray, Executive Director, GJEPC, outlined the Export Promotion Mission and the CGSE. Sheth delivered a detailed presentation on the scheme, explaining that it is managed by the National Credit Guarantee Trustee Company Ltd. (NCGTC), with the Department of Financial Services as Settlor.

This Central Sector Scheme offers 100% guarantee cover to enhance liquidity and sustain production amid global geopolitical challenges, such as U.S. tariffs. With Rs.20,000 crore in credit flow support, the scheme aims to promote market diversification and drive sustainable growth in international trade, fully aligning with the objectives of Atmanirbhar Bharat.

Following the presentation, members raised questions which were addressed by Shri Sheth. Concluding the webinar, the Executive Director thanked him for his valuable insights, which will benefit the gems and jewellery trade.

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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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