Union Home Minister and Minister of Cooperation Shri Amit Shah today addresses 52nd India Gems and Jewellery Awards ceremony in Mumbai as the Chief Guest

The Union Home Minister and Minister of Cooperation addressed the 52nd India Gems and Jewellery Awards ceremony in Mumbai, organized by the India Diamond Board. Highlighting India's historical and contemporary significance in the global gems and jewellery trade, the Home Minister noted that nine out of ten cut and polished diamonds globally are processed in Surat, while Mumbai serves as a key financial and export hub anchored by the Bharat Diamond Bourse. The address emphasized the emerging market for lab-grown diamonds, calling for an indigenous manufacturing value chain spanning machinery production, creation, and global branding, backed by government support and initiatives such as the Taxation and Other Laws (Amendment) Act, 2026.