In September 2016 India's polished exports increased significantly compared with the same period last year, rising to $ 2.50 billion, versus $ 1.92 billion in September last year.
By volume, polished exports amounted to 3.16 million carats against 3.29 million carats a year earlier. This is evidenced by the preliminary data of the Council to promote the export of gems and jewelery (Gem and Jewellery Export Promotion Council, GJEPC).
For 6 months of 2016 fiscal year (April-September), India's polished exports rose by 10.71% to $ 11.69 billion against $ 10.56 billion in the same period a year earlier. This may indicate a recovery of the Indian diamond industry.
Rough imports in monetary terms meanwhile rose by 71.25% to $ 1.80 billion in September 2016, compared to $ 1.05 billion in September 2015. In volume of diamond imports rose to 14.43 million carats against 12.34 million carats in the same period last year, representing an increase of almost 17%.
Polished diamond imports to India fell by 21.4% in September 2016 to $ 184.55 million, compared to $ 234.83 million in September last year.
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The annual two-day seminar "Inspiration in design» (Design Inspirations) February 9 Council was organized to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India. This workshop is an important event in the annual calendar GJEPC, and is dedicated to forecasting trends in the jewelry industry, reports gjepc.org portal.
"Jewelry is inextricably linked with the design," - said Pravinshankar Pandya (Praveenshankar Pandya), Chairman GJEPC. "If the design is good, if it captures the imagination of the consumer, the decorations are sold in large quantities, - said Pandya -. You should be a passion for design, but it is also necessary to understand the needs of the market."
Pandya said that although the country has a lot of talented designers who are able to create great projects for the domestic market, India still needs to further develop the skills of masters to become a global design center for the export market. Exhibition "Inspiration in design" is one of the steps to achieve this goal. It is designed to give designers a broader understanding of the methodology of analysis of trends on which they should base their design.
Many designers and entrepreneurs spoke about their way of becoming the world's jewelry. Among them was Ishu Datvani (Ishu Datwani), founder of Anmol Jewellers. He said: "There is a deep connection between design and success; they go hand in hand." He, meanwhile, warned that only one design is not sufficient for success. "There are also marketing, branding, administration, financial management These aspects are also important.", - he added.
On the second day of the seminar a number of designers and professionals of the jewelry industry from various Indian companies presented their views based on experience in the design and its importance in the jewelry business.
Paula De Luca (Paula Deluca) from Italy, the founder of The Futurist Ltd., one of the pioneers in the field of predicting market trends in the jewelry industry, noted that this segment of the tool is required to assess future trends, a certain methodology that would allow companies to develop long-term strategy .
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