National News
GSI collaborates with GJEPC, launches exclusive lab at Bharat Ratnam – Mega CFC building, Mumbai
The Indian gem and jewellery industry is raring to reach a market cap of US $100 billion by 2025. Organising the industry across all hierarchies to attain this objective, every stakeholder is rooting for mandatory certification of not only gemstones but also jewellery. Adding merit to this development, Gemological Science International (GSI) has collaborated with Bharat Ratnam – Mega CFC to set up the sole lab facility for comprehensive jewellery and gemstone certification.
To celebrate this visionary partnership, Bharat Ratnam and GSI jointly organised a soft launch at IIJS Signature 2025. The launch took place at JIO World Convention Centre (JWCC) – Level 3 Pavilion – Launch Pad on the 4th of January, 2025 from 1-1:30 pm. Dignitaries present at the event included Colin Shah – Working Group Member of Bharat Ratnam Mega CFC; Ramit Kapur, Managing Director, GSI India; and Ravi Menon, CEO, Bharat Ratnam Mega CFC. The dignitaries demonstrated the purpose of this association and its longstanding benefits to the jewellers and manufacturers operating at Bharat Ratnam – Mega CFC.
Bharat Ratnam – Mega CFC bridges gaps in India’s jewellery industry by providing cutting-edge Technology, Techniques, and Training. Serving MSMEs, students, brands, and designers, it offers global-standard resources to enhance competitiveness. Located in Seepz, Mumbai, home to the largest jewellery manufacturing cluster, it empowers small units with access to modern technology, R&D, and skilled manpower, ensuring industry growth and global readiness. GSI’s latest state-of-the-art facility will span across a 2000 sq ft space, equipped with the latest technology and equipment for the MSMEs. The facility is located near entry gate no.1 at SEEPZ, Mumbai, with unique access gates to both jewellery manufacturers inside of SEEPZ as well as manufacturers and traders outside of SEEPZ.
Sharing his thoughts on this collaboration, Ramit Kapur, MD, GSI India commented, “Ever since Bharat Ratnam – Mega CFC was launched, new manufacturers and players in gems and jewellery have got a mammoth opportunity to train their workforces and get themselves export-ready. Thanks to GJEPC’s foresight, GSI is honoured to be the only certification lab for Mega-CFC. We hope that with our facilities and service, this association helps each and every stakeholder of Bharat Ratnam – Mega CFC reach their business potential faster than planned.”
National News
India’s Consul General to Dubai, Shri V V Reddy, Interacts with BDB Committee
The Hon’ble Consul General of India to Dubai, Shri Vishnu Vardhan Reddy, visited the Bharat Diamond Bourse (BDB) complex on July 24, and after being shown around the complex, engaged with members of the Bourse Committee. The visit enabled the Consul General to gather better insights into the functioning of the diamond trade and the operations within the Bourse. He also observed the smooth functioning of import-export trade in diamonds between the two countries, facilitated by the PCCCC run by Indian Customs within the complex. The UAE is one of India’s most significant trading partners in the field of diamonds and jewellery. Bilateral trade between the two countries reached US$33.51 billion in FY2025-26. In addition to a tour of the complex to understand the complete cycle from the import of rough diamonds to the export of polished diamonds, Shri Vishnu Vardhan Reddy also spent time interacting with Mehul Shah, Vice President, BDB, and other Committee members. The BDB Committee highlighted the close connections between diamond companies in Mumbai and those in Dubai, as well as the regular interactions between the two centres. They thanked Shri Vishnu Vardhan Reddy for the cooperation they have always received from the Indian Embassy and expressed confidence that this visit would further streamline the movement of import-export parcels between the two countries. Shri Vishnu Vardhan Reddy appreciated the global standards of the infrastructure and systems within the Bharat Diamond Bourse, as well as the professionalism with which the import-export trade operates. He assured the BDB Committee of the continued support of the officials at the Indian Embassy in the UAE.
- Visit gives CG greater insights into diamond trade and import-export operations
- BDB Committee Highlights Close Ties between Diamond Industries in UAE and India
The Hon’ble Consul General of India to Dubai, Shri Vishnu Vardhan Reddy, visited the Bharat Diamond Bourse (BDB) complex on July 24, and after being shown around the complex, engaged with members of the Bourse Committee.
The visit enabled the Consul General to gather better insights into the functioning of the diamond trade and the operations within the Bourse. He also observed the smooth functioning of import-export trade in diamonds between the two countries, facilitated by the PCCCC run by Indian Customs within the complex.
The UAE is one of India’s most significant trading partners in the field of diamonds and jewellery. Bilateral trade between the two countries reached US$33.51 billion in FY2025-26.
In addition to a tour of the complex to understand the complete cycle from the import of rough diamonds to the export of polished diamonds, Shri Vishnu Vardhan Reddy also spent time interacting with Mehul Shah, Vice President, BDB, and other Committee members.
The BDB Committee highlighted the close connections between diamond companies in Mumbai and those in Dubai, as well as the regular interactions between the two centres. They thanked Shri Vishnu Vardhan Reddy for the cooperation they have always received from the Indian Embassy and expressed confidence that this visit would further streamline the movement of import-export parcels between the two countries.
Shri Vishnu Vardhan Reddy appreciated the global standards of the infrastructure and systems within the Bharat Diamond Bourse, as well as the professionalism with which the import-export trade operates. He assured the BDB Committee of the continued support of the officials at the Indian Embassy in the UAE.
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National News21 minutes agoIndia’s Consul General to Dubai, Shri V V Reddy, Interacts with BDB Committee
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