QUOTE OF THE DAY - 12 Mar 2025
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QUOTE OF THE DAY - 12 Mar 2025
"India cuts and polishes nine out of 10 natural diamonds sold in the global market. "Buyers were cautious and they mainly bought small diamonds. We are happy that Chinese buyers have started showing interest. We can see green shoots of recovery. Hopefully, FY26 will be better for Indian diamond exports."
Vipul Shah, Managing Director, Asian Star
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QUOTE OF THE DAY - 12 Mar 2025
"The Council, along with the US jewellery retailers, are promoting Indian jewellery in the US, which can be bought through the e-commerce route. As global trade shifts from multilateral to bilateral frameworks, the de minimis principle-allowing small-value, direct to consumer (D2C) parcels to enter duty-free-offers Indian exporters, especially in gems and jewellery, a significant advantage. This simplified process provides direct access to consumers worldwide without duties. It is estimated that 70-80% of ecommerce exports fall under US$ 200, making gems and jewellery an ideal fit due to their low weight, which reduces logistics costs."
Kirit Bhansali, Chairman, GJEPC
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