India’s Gem and Jewellery Export Promotion Council (GJEPC) today (Tuesday) held its 38th Annual Awards Function in Surat, India’s diamond polishing center. The awards recognize the top performers in the exports of diamonds, colored gemstones and jewelry. The GJEPC awards also recognize the leading importers of its product from markets around the world.
The leading exporter of cut and polished diamonds is Kiran Gems Pvt. Ltd., which topped the DTC Sightholder category. In second place was Gitanjali Gems Ltd., followed by Dharmandan Diamond Pvt. Ltd., Laxmi Diamond Pvt. Ltd. and Sanghavi Exports International Pvt. Ltd.
Topping the non-DTC category in polished diamond exports is J.B. And Brothers Pvt. Ltd., followed by Shree Ramkrishna Export, Hari Krishna Exports and Star Rays.
Renaissance Jewellery Ltd. is the leading diamond- and gemstone-set jewelry exporter from an export zone, followed by Kiran Jewellery.
RMC Gems India Ltd is the top colored gemstone exporter, followed by Kothari Gems.
The highest-value importers of Indian cut and polished diamonds in export by markets are Tsutsumi Jewelry Co. Ltd. in Japan, Anaya Gems Inc. in the U.S., R.A. Gem Centre Ltd. of Hong Kong in South East Asia and Kiran Exports BVBA of Belgium in Europe.
The highest-value importers of Indian cut and polished colored gemstones is Lee Gems & Jewellery Co. of Hong Kong, while Siroya Jewellers LLC of the UAE is the biggest importer of Indian gold jewelry — both plain and set with precious stones.
Chief guest Narendra Modi, Chief Minister of Gujarat the state where Surat is observed that Surat was not only the primary diamond processing center, it was also the country’s “center of trade” with a GDP growth rate of over 10 percent, the highest among all states in the country.
The gem and jewelry industry is India's leading foreign exchange earning sector, with exports of $43 billion in 2011 amounting to 17 percent of India's total merchandised export. GJEPC chairman Rajiv Jain noted, "The GJEPC has an undeniable contribution to the growth of the Indian economy. These awards are an endeavor to acknowledge the winners who led the growth and set their efforts as an example to the rest.”
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