Advanced Search

Mumbai Diamond Trade Exempt from Lockdown

Apr 14, 2021 6:21 AM   By Joshua Freedman
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

India’s gem and jewelry industry has obtained an exemption from the strict Covid-19 measures that have gone into effect in Mumbai and the surrounding region.

The government of Maharashtra state announced new rules on Tuesday, restricting gatherings and activities and allowing only essential services to operate. These include the export and import of all commodities, enabling the diamond sector to carry on as normal, the country’s Gem & Jewellery Export Promotion Council (GJEPC) said Wednesday. Support functions such as grading laboratories can also continue.

“This has [resulted from] persistent communication and requests made by the Gem and Jewellery Export Promotion Council and the Bharat Diamond Bourse [BDB],” the council said.

The BDB, the heart of the Mumbai trade, will remain open, Mehul Shah, the exchange’s vice president, told Rapaport News. The bourse closed for one day last week when the government introduced a partial lockdown, Shah added.

Gem and jewelry manufacturing and support activities can continue in shifts, the Maharashtra government clarified in a virtual meeting with the GJEPC last week. In addition, the BDB can open Covid-19 vaccination and testing centers for workers, it said.

The government said the new measures were not a “lockdown,” but admitted the “war has begun again.” The rules follow a sharp surge in coronavirus infections in the state.

Image: Mumbai during its first lockdown in April 2020. (Shutterstock)
Tags: BDB, Bharat Diamond Bourse, COVID-19, Gem & Jewellery Export Promotion Council, GJEPC, India, Jewelry, Joshua Freedman, lockdown, Maharashtra, Mehul Shah, mumbai
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Aug 11, 2022
News: Diamond market cautious amid China slowdown and US economic uncertainty. Polished prices declining. Inventory
RJC Satta Matturi 140Jeweler Satta Matturi Joins RJC Board
Aug 04, 2022
The Responsible Jewellery Council (RJC) has appointed industry veteran Satta Matturi to its board of directors.Matturi,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.