GJ Town India

  Angola to host NDs promotional initiatives in Luanda   The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the Indian gem and jewellery industry, will be participating in the Ministerial RoundTable on Natural Diamond [ND] Promotion, scheduled to take place on 18 June 2025 in Luanda, Angola.   Representing India at this prestigious global forum will be Shaunak Parikh, Vice Chairman, GJEPC, and Sabyasachi Ray, Executive Director, GJEPC. Their presence underscores India’s continued commitment to supporting a resilient, transparent, and sustainable natural diamond industry. Organised by Angola’s Ministry of Mineral Resources, Petroleum and Gas (MIREMPET), the high-level summit is bringing together ministers and senior representatives from leading diamond-producing nations including Botswana, Namibia, South Africa, Sierra Leone, and the Democratic Republic of Congo, along with key stakeholders across the global diamond value chain.  ...

Determined to push up GJ exports yet watchful on inventories!   According to the media sources, Bharat’s Gem & Jewellery [GJ] export & import [Exim] are highly impacted by global geopolitical scenario and uncertainties. Additionally, global power center is also shifting. In the changing and shifting supply line priorities over collapsed globalisation of commerce & industry, including Exim practices; Bharat is also facing the global challenges!    The overall gross exports of Gems & Jewellery at US$ 2263.42 million (Rs. 19260.81 crores) in the month of May 2025 is showing a decline of 15.81% (-14.07% in Rs. term) as compared to US$ 2688.38 million (Rs. 22414.02 crores) for the same period of previous year. The overall gross imports of Gems & Jewellery at US$ 1689.61 million (Rs. 14393.12 crores) in month of May 2025 is showing a decline of 12.96% (-11.07% in Rs. term) as compared to US$ 1941.29 million (Rs. 16184.80 crores) for the same period o...

  Aim to protect diamond consumers from misleading marketing   Recently, Diamond Reports, Laboratory-Grown Diamond Facts; that published by Natural Diamond Council [NDC] suggested the Disclosure Rules for Retailers! One, Canadian diamonds have been the most tracked and traced diamonds in the world.    There have been many different brands of Canadian diamonds backed by these have been different types of tracking systems that followed Canadian diamonds on their journey of discovery, to auction, manufacturing, and wholesalers/ retailers and ultimately to the consumers.    It’s been a source of pride for the ones that own it and are aware of their journey of their diamond. Kevin Vantyghem, Canadian Jewellers Association. At the Iconic Polar Bear Diamonds; the report said, the Polar Bear insignia is the oldest brand in NWT. It  is owned by the GNWT and has been licensed for use by select companies over the years. Today, Diamonds  de Canada...

  Innovative coral DNA-testing method discovers   A refined DNA-based method to distinguish look-alike; precious corals, used in luxury jewellery, developed by a joint team from the Swiss Gemmological Institute SSEF and the Zurich Institute of Forensic Medicine at the University of Zurich, has uncovered a precious coral species hitherto unknown in the gem trade and to science. It belongs to the Pleurocorallium norfolkicum species complex.    “Several precious coral species present very similar characteristics and colours, and traditional gemmological techniques can’t tell them apart,” said Dr Laurent E. Cartier, Head of Special Initiatives at SSEF. “By reading their genetic fingerprints, we can now identify different species unambiguously—providing greater transparency and allowing us to further document the provenance of historic and modern precious coral jewels.” The path to the new discovery was detailed in two peer-reviewed papers, published in early Jun...

  The next target is Rs 111,000 if this positive momentum continues   Colin Shah, MD, Kama Jewelry said, "The gold prices in India hitting an all-time-high is on the much-expected lines given the latest development in international geopolitical tensions, and weakening of the INR. The uncertainties drive up the demand of gold as a safe investment haven as compared to other asset classes. The price trend is going to face some resistance which will keep it below 1 lakh in the short-term.   However, prices may see some correction due to bouts of volatility. We anticipate prices to hover in the range of Rs. 1,00,200 - 1,00,500 on MCX, subject to international economic influences." In the row it is interesting to focus on Augmont Bullion’s Daily report for the 10, 11 & 12 June 2025,  where, Indian Gold resistance that recorded at Rs 99000/10 gm and Indian Silver Resistance Level at Rs 111,000/kg. And these resistance barriers that broken away on the Friday, J...

  Air India Flight AI 171, crashed shortly after take-off on 12 June    On behalf of the Gem & Jewellery Export Promotion Council (GJEPC), Kirit Bhansali, Chairman, GJEPC  Shaunak Parikh, Vice Chairman, GJEPC said, we are deeply saddened to learn that former Gujarat Chief Minister Vijay Rupani was among those on board the ill-fated Air India Flight AI 171, which tragically crashed shortly after take-off from Ahmedabad on 12 June 2025. Rupani was not only a distinguished statesman but also a true friend of our industry. As recently as the 46th edition of the India Gem & Jewellery Awards (IGJA) held in Surat in 2021- where he graced the event as Chief Guest, he demonstrated genuine warmth and support towards the gem and jewellery community.    He remained a staunch advocate for our sector, offering valuable insights, encouragement, and a deep understanding of our challenges and aspirations. His gracious demeanour and steadfast support left a lasting i...