Gems And Jewellery Export Promotion Council : Stop Importing Rough Diamonds
The Gems and Jewellery Export Promotion Council (GJEPC) recently appealed to diamond industries to stop importing rough diamonds.
- Gems and Jewellery Export Promotion Council (GJEPC) is an apex body of the Gem and Jewellery industry in India, sponsored by the Ministry of Commerce & Industry, Government of India.
- It is primarily involved in introducing Indian gem and jewellery products to the international market and promotes their exports.
- To achieve this, the Council provides market information to its members regarding foreign trade inquiries, trade and tariff regulations, rates of import duties, and information about Jewellery fairs and exhibitions.
- Headquarters: Mumbai, Maharashtra
- It has regional offices across the country and with a strength of over 7,500 members.
- Rough Diamonds refer to diamonds which are still in their natural state after being removed from the belly of the earth.
- This is the stage before they are actually cut or polished in order to create the marvellousdiamonds found in all of our unique jewellery.
Kimberly Process (KP):
- KP is a multilateral trade regime established in 2003 with the goal of preventing the flow of conflict diamonds.
- The core of this regime is the Kimberley Process Certification Scheme (KPCS), under which States implement safeguards on shipments of rough diamonds and certify them as “conflict-free”.