All India Gem And Jewellery Domestic Council (GJC), the national trade federation for promotion and growth of trade in gems and jewellery in the country, is not in favor of banning the import of rough natural diamonds until December 15, a top official of the Council said.
The GJC board will meet to deliberate on the issue in order to prevent a hardening of the price of the precious stone in the domestic market ahead of the festive season, he said.
"Our council's board has decided to discuss the ban and its potential adverse impact on the domestic market during the coming festive season." GJC Vice-chairman Rajesh Bhaiyyaji Rokde.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
