An industry with a heart! GJEPC shoulders CSR, Contributes Rupees 50 Crores

To Fund livelihood of Daily Wage Workers of the Gems & Jewellery Industry

To Fund the Government Initiatives to fight Covid-19

The Gem & Jewellery Export Promotion Council, the apex body of the Gem and Jewellery industry in India, has come forward to contribute a Fund of Rs. 50 Crores from its own reserves to help the needy workers of the industry impacted by Covid-19. The Fund allocated by GJEPC will also be utilized to support the Government in undertaking several initiatives to fight the current crisis in India.

Aisshpra Donates for Coronavirus Rescue

Uttar Pradesh’s Leading Jewellery brand, Aisshpra Gems and Jewels, donates 11 Lakh to support those who are affected by the Pandemic caused by the novel Coronavirus. While everyone across the world is impacted by this novel virus, Aisshpra Gems & Jewels, being aware of their corporate social responsibilities comes forward in order to do their bit with their contribution.

Financing Flexibility to US Exporters

To bolster American businesses and workers and their families in response to the COVID-19 (coronavirus) global pandemic, the Export-Import Bank of the United States (EXIM) board of directors today underscored its strong support for new initiatives to inject liquidity into the market and give maximum financing flexibility to facilitate sales of U.S. goods and services abroad.

Specifically, EXIM’s board of directors, through its unanimous adoption of a resolution during an open board meeting with the public via teleconference, affirmed its support of the following temporary EXIM programs to provide relief to U.S. businesses their buyers, financial institutions, and American workers negatively impacted by COVID-19, 1: Bridge Financing Program; 2: Pre-Delivery / Pre-Export Financing Program; 3: Supply Chain Financing Guarantee Program; and 4: Working Capital Guarantee Program.

Covid-19 makes planning H2 very difficult

Botswana Diamonds (BOD), the diamond explorer, continues to develop its portfolio of eight exploration projects in three sub Saharan countries, Botswana, South Africa and Zimbabwe. The projects in this highly prospective diamond region include Greenfield exploration in the Kalahari Desert in Botswana to the development of diamondiferous kimberlites in South Africa and a JV in Marange, Zimbabwe.

Botswana:

Sunland Minerals (100% BOD) has undertaken heavy mineral sampling and detailed geophysics in five of our licences in the Kalahari. An analysis of the results identified eight high grade targets. Environmental assessment work is being undertaken on three of these targets. This is a requirement to obtain drilling permits. Current plans call for drilling in the second half of 2020.

Canadian Mint suspended the production

“We have suspended the production of numismatic products!” said Royal Canadian Mint officially. With the ongoing challenges of the COVID-19 pandemic, The Royal Canadian Mint is implementing a temporary suspension of production effective Friday, March 20, for a period of two weeks.

This is part of the Mint's on-going efforts to proactively modify how we work, and take necessary measures to safeguard our employees' health and safety. The Mint remains open for business. Buyers can continue to view and order our products on mint.ca and with our Customer Service Representatives. However, parcel shipment will be safely held at the Mint until shipping operations have resumed.

FM announces several relief measures!

Finance Minister announces several relief measures relating to

Statutory and Regulatory compliance matters across

Sectors in view of COVID-19 outbreak!

GJEPC welcomes the relief measures by FM

Recently statement issued by Mr. Colin Shah, Vice Chairman, Gem & Jewellery Export Promotion Council of India (GJEPC), on relief in the financial year end related operational measures announced by Hon Union Finance Minister Nirmala Sitharaman.

Mr. Colin Shah, Vice Chairman, Gem & Jewellery Export Promotion Council of India (GJEPC), said, "We welcome the relief in the financial year end related operational measures announced by Hon. Union Finance Minister Smt. Nirmala Sitharaman as these will give some relief to a lot of very worried entrepreneurs. We eagerly await the economic relief financial package to be announced by the Government.

WFDB decided a Diamond Trading Platform

“Unity in the face of crisis is the way forward for our industry” said WFDB President, Ernie Blom amidst Covid-19 struggle. The World Federation of Diamond Bourses (WFDB) announced that it has decided to create a World Federation Diamond Trading Platform. The process of creation is on and the cross-bourse trading platform will be launched in due course.

“The brand-new, state-of-the-art, trading platform, which will be available for use by all members of all bourses, is being created specially keeping the needs of the WFDB members in mind,” said WFDB President Ernie Blom.

COVID-19: We are in this together!

David Tait, CEO, World Gold Council said, we are in this, together! As the impact of COVID-19 is felt around the world I hope that you and your friends and family are safe. We are constantly monitoring the evolving situation around COVID-19 and taking proactive steps to safeguard all employees.

It is not business as usual, but we are functioning close to normal with most of our employees working from home. I am immensely proud of the way my team has adapted to the current situation, juggling their lives to the best of their abilities.

We fight this pandemic with solidarity!

Yogesh Mudras, Managing Director, Informa Markets in India expressed out on Covid-19, he said, “In the wake of the COVID-19 outbreak, we are confronted with a pandemic that government agencies are doing their best to control. It is important that we fight this pandemic with solidarity, resilience, efficiency and compassion as one team, one industry and one nation.

In the current scenario, Informa Markets in India, as the nation’s leading B2B event’s organizer, has taken necessary and responsible measures in a bid to flatten the COVID transmission curve. We have reinstated a work-from-home policy from 19th March onwards and have identified critical team members to assist in potential crisis moments. We also have a core COVID committee in place that is examining the constantly evolving situation closely.