GJEPC India notices signs of recovery for diamond industry

On the 5th of September, India’s Gem & Jewellery Export Promotion Council (GJEPC) and the Bharat Diamond Bourse published a Trade Letter for the diamond industry. In the letter, they highlight a possible turnaround and the positive outlook for recovery and price stability in the industry. A few key indicators were listed that suggest this could be the case:

- Reduced polished diamond inventory
- Limited rough diamond inflow
- Reduction in manufacturing capacities and industry debt
- Strong August sales and increased customer confidence 
- Price increases in shortage segments
- Growing demand India, consistent demand in the USA
- GJEPC’s consistent promotion of natural diamonds and diamond jewellery

The letter reads that they want to call on their “colleagues, partners, and fellow trade members to recognize these signs of recovery and move forward with positivity and confidence”. This means that they are optimistic about a more prosperous future for the diamond industry.

Picture credits : Envato Elements