>Gems & Jewellery Market – India: Major Government Bodies

The Gem and Jewellery Export Promotion Council (GJEPC)
■ The apex body of G&J trade in India was set up in 1966 for promoting precious stones and
jewellery exports

■ Has 6,500 members across the country

■ It has undertaken many initiatives in order to enhance competitiveness.

• Preparation of a medium term export strategy for various sectors including G&J by the Ministry of Commerce
• Exploring the possibility of direct procurement of rough diamonds from mining countries
• Promotion of Indian diamonds and jewellery abroad through advertisements, publicity and
• participation in international fairs, buyer seller meets as well as directly approaching market retailers
• Market study through experts in the field to identify new markets
• Promotion of export of 'hallmark' jewellery from India to assure foreign customers of quality and purity of jewellery made in India.

The Gem and Jewellery Trade Council of India (GJTCI)
■ This council is established with the main aim of boosting the gem and jewellery trade of India
■ It plays an important role in showcasing the Indian gem and jewellery to the international market
■ It is a council formed to boost jewellery trade of India by resolving various issues of the trade by forwarding them to the relevant high authorities
■ It disseminates latest information to its members through a monthly newsletter, various educative and trade motivational events such as seminars, workshops, exhibitions, festivals etc.

To read the full report: GEMS & JEWELLERY