Posts

Discover the World’s Finest Diamonds

Image
5th Carats scheduled from 12th to 14th of July Exhibitions are exciting events which provide enormous opportunities to promote a business. Surat Diamond Association is all set to host the highly anticipated 5th edition of Carats- Surat Diamond Expo. The exhibition is organized by Surat Diamond Association (SDA), a non- profit organization on a mission to expand the diamond industry in Surat by giving it exposure to the Indian and overseas markets.  In an event that promises to sparkle with more than just the glint of exquisite diamond, Carats is set to be a landmark gathering. This prestigious affair is scheduled to light up the iconic Surat International Exhibition and Convention Centre Sarsana on 12, 13 and 14th of July 2024.  The venue has a spacious exhibition hall that can accommodate a large gathering with a staff present that is highly experienced and is always on its toes to make your event a flawless affair. The centre is centrally located and easily accessible by public trans
Post a Comment
Read more

GJEPC host International BSM at the Bharat Ratnam

Image
The first time ever international BSM at Mega CFC   The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex trade organization dedicated to promoting Indian gem and jewellery exports worldwide, organised the International Gem and Jewellery Buyer Seller Meet (BSM) the first ever at the newly inaugurated Bharat Ratnam, Mega CFC SEEPZ in Mumbai.   This event is specifically designed to cater to international buyers from the U.S., Latin America (Argentina, Brazil), Oceania, Australia, Dubai, Italy, Lebanon, South Africa and Uzbekistan; comprising a total of 33 international buyers from 25 companies.  Present on the occasion were Ranjit Rawool, Senior Authorised Officer (SEEPZ); Kirit Bhansali, Vice Chairman, GJEPC; Colin Shah, Head - Working Group, Bharat Ratnam - Mega CFC and Sabyasachi Ray, ED, GJEPC. The iconic Mega CFC SEEPZ provided international standard facilities for the diverse groups including key stakeholders from various sectors of the diamond industry,
Post a Comment
Read more

Lulo earns on an average US$29K per carat

Image
361 carats sold for US$10.5 million Lulo Tender  The tender, which concluded on Friday 19 April 2024, was conducted by Sodiam E.P in Luanda, Angola. The parcel of 361 carats consisted of three Type IIa diamonds weighing 42 carats, 116 carats and 203 carats.  Lucapa CEO and Managing Director Nick Selby commented, “This is the first tender of Lulo diamonds for 2024 and we are pleased to see that the outstanding quality of these Type IIa diamonds has been recognised by the diamantaires who competitively bid for the stones. An average price per carat of US$29,000 for the parcel is further proof that the high-end sector of the diamond market continues to be buoyant.”  Lucapa Diamond Company Limited together with its Lulo Alluvial Mine partners, Endiama and Rosas & Petalas are pleased to announce three exceptional diamonds recovered from the Lulo Mine in Q1 attracted US$10.5 million at tender.   
Post a Comment
Read more

India’s plain gold jewellery exports up 61.72%

Image
The UAE rose to 107.2% in FY 2023-24 Emerged as a significant market for India exports!   For the FY 2023-24, exports of Plain Gold Jewellery surged by an impressive 61.72% to US$ 6792.24 million as compared to US$ 4199.96 million in FY 2022-23. Total Gold jewellery (plain & studded jewellery), which experienced a 10.47% decline between April 2023 to September 2023, rebounded strongly in the latter half of the year, achieving a growth of 46.91%.    The UAE emerged as a significant market for plain gold jewellery exports from India, experiencing remarkable growth of 107.2% to reach USD 4,528.66 million in FY 2023-24, compared to USD 2,185.67 million in the previous year. Markets of UAE & Bahrain accounted for over 85% of India’s plain gold jewellery exports.    Australia also witnessed a growth of 37% in plain gold jewellery exports attributing its growth to the India-Australia ECTA.  Speaking about the increase in plain gold jewellery exports, Vipul Shah, Chairman, GJEP
Post a Comment
Read more

GJEPC host the 3rd edition of IGJS in Jaipur

Image
IGJS 2024 witnessed 250 international buyers from 27 countries   54 jewellery manufacturers and exporters showcased  An array of diamonds, Loose Gemstones, Gemstone &  Diamond Studded Jewellery, and Silver Jewellery!    The apex body of the gem and jewellery industry in India, GJEPC hosted the 3rd edition of International Gem & Jewellery Show (IGJS) in Jaipur. The event, powered by Gemfields, is being held from 12th to 14th April at Novotel Jaipur Convention Centre, Jaipur.    IGJS Jaipur is a curated event, showcasing the best of Indian craftsmanship, featuring over 54 jewellery manufacturers and exporters presenting an array of Diamonds, Loose Gemstones, Gemstone & Diamond Studded Jewellery, and Silver Jewellery.    IGJS 2024 witnessed 250 international buyers from 27 countries, spanning Algeria, Argentina, Australia, Brazil, Canada, Egypt, Greece, Iran, Italy, Jordan, Kazakhstan, Kenya, Lebanon, Mexico, Russian Federation, Saudi Arabia, South Africa, Spain, Switz
Post a Comment
Read more

The gold price, rose to an 8% during the month!

Image
Gold ETFs March remained 21% lower MoM   In the March in review of Global physically backed gold ETFs for World Gold Council (WGC) said, Outflows from global gold ETFs continued in March, but at a much slower pace than previous months as North American and Asian inflows cushioned European losses.   WGC witnessed their tenth consecutive monthly outflow in March, losing US$823mn. But by comparison this is far less than February outflows (-US$2.9bn) and the average of the past nine months (-US$2.4bn). Collective holdings fell by 14t to 3,112t by the end of March, the lowest since February 2020 and 21% lower than the month over month (MoM). The month-end record lower that of 3,915t in October 2020.  However, helped by a jump in the gold price, total assets under management (AUM) rose to US$222bn, an 8% increase during the month, the highest in 21 months. All regions except Europe saw inflows in March.  Flows in North America flipped back to positive for the first time in 2024. Asia and
Post a Comment
Read more

Manushi dazzled at Jewels on the Ramp

Image
  GJEPC Brand Ambassador glitters at IIJS Tritiya  Manushi Chhillar, former Miss World and GJEPC’s Brand Ambassador dazzled at, Jewels on the Ramp - a Ravishing jewellery fashion show that left lasting impressions at the India International Jewellery Show IIJS Tritiya held in Bangalore.  The glamourous night was held with the dazzling presence of industry stalwarts walking the ramp with Manushi Chhillar, adorning an exquisite jewellery piece in a white gown. Manushi, along with several fashion models, captivated hearts and stole the limelight. From traditional Indian artistry to contemporary brilliance, the stage was ablaze with the beauty and grandeur of Indian gems and jewellery.  Luxurious bejeweled showstoppers blended elegance with innovation as the design houses pushed the boundaries of creativity.  The Jewels walking the ramp represented each exhibitor's brilliant creations…                                                                                          1: Chokshi V
Post a Comment
Read more