News

Advanced Search

GJEPC Tightens Ties with Shenzhen

Aug 12, 2018 10:37 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... India’s Gem & Jewellery Export Promotion Council (GJEPC) will open an office in China’s Shenzhen Rough Diamond Exchange (SRDE) in an effort to promote trade between the countries.

GJEPC chairman Pramod Agrawal signed a Memorandum of Understanding (MOU) with Julius Zheng, vice president of the SRDE, at the India International Jewellery Show (IIJS) in Mumbai last week.

Under the MoU, the Chinese exchange will participate in India Diamond Week in Mumbai in October, while SRDE will host a Gemstone Week in Shenzhen, Zheng said.

“There is a lot of investment by Indian companies in China,” GJEPC executive director Sabyasachi Ray noted Friday. “In diamonds, India and China complement each other; we are not competing with each other.”

China, the world’s second-largest consumer market for diamonds, sources many of its stones from India, Zheng said. In addition to that relationship, China would also welcome Indian diamond suppliers who want to do business in Shenzhen, he added.

Image: Kentaro Iemoto
Tags: Gem & Jewellery Export Promotion Council, GJEPC, IIJS, India International Jewellery Show, Julius Zheng, memorandum of understanding, Pramod Agrawal, Rapaport News, Sabyasachi Ray, Shenzhen Rough Diamond Exchange, SRDE
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
May 27, 2020
Diamond industry reopening and adjusting to new normal as consumers emerge from lockdown. US retail jewelers resuming
Hong Kong Victoria Harbour.Hong Kong Polished Imports Slump
May 27, 2020
Polished-diamond imports into Hong Kong plummeted 54% to $2.33 billion in the first three months of 2020,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 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.