The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian gem and jewellery exporters, has reaffirmed its commitment to facilitating cooperation to address the G7’s concerns with regard to industry compliance.
The commitment from the industry comes following the visit of a high-powered delegation from G7 countries to Mumbai and Surat in the last week of September to learn more about the Indian gem and jewellery industry and to explore ways of helping it meet G7 sanctions requirements with minimal or no disruption to the sector.
The Group of Seven (G7) countries comprises Canada, France, Germany, Italy, Japan, the UK and the US.The team also had a very productive meeting with the commerce ministry along with leaders of trade where the way forward was discussed and both sides committed to finding practical solutions in future. They gained a comprehensive understanding of India’s diamond industry, its challenges, and potential solutions for compliance with G7 sanctions, said Vipul Shah, Chairman of GJEPC.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
