Export caps and civil strife in African nations has resulted in a shortage of colored gemstones, prompting Indian gem and jewelry exporters to set up a firm to engage in sourcing gemstones globally and distributing them in India, according to the Gem and Jewellery Export Promotion Council, India's largest jewelry trade association.

India and China, the two largest consumers of silver in the world, are set to drive demand for silver in the new year, according to a variety of reports.

C. Mahendra Exports Limited, a Diamond Trading Co. sightholder based in India, has launched an initial public offering, the company has announced.

New Delhi, India--The Indian gem and jewelry industry is among the sectors impacted by the country's new foreign trade policy, according to a copy of the policy obtained by .

Mumbai, India--The Federation of Indian Chambers of Commerce and Industry's (FICCI) Gems and Jewellery Committee recently held a meeting in Mumbai, India, where they elected fresh leadership and unveiled plans for confronting the Indian jewelry industry's challenges in the coming year.

Mumbai, India--A project nearly two decades in the making, the new diamond bourse in India officially welcomed its first tenant last week, according to a report from the Gem and Jewellery Export Promotion Council (GJEPC).