<h1>Gold Exports Rise by 12% as Diamond Trade Faces 10% Decline; GJEPC Eyes US Recovery and West Bengal Hub.</h1> The Gem & Jewellery Export Promotion Council (GJEPC) reported a 12% increase in gold jewellery exports, despite a 10% decline in diamond exports in the current fiscal year. The council is optimistic about a recovery in diamond exports, particularly in the US, despite challenges like China's weak demand. The GJEPC plans to establish Singur, West Bengal, as a global jewellery hub, leveraging its skilled workforce. The initiative aims to capitalize on shifting trade dynamics as the US reduces procurement from China. Investments include promoting diamonds and lab-grown alternatives to appeal to price-sensitive consumers.