GJ Town India

  GJEPC to run the expo from 4th to 7th January 2025 at JWCC, Mumbai     Shri Mangal Prabhat Lodha, Hon’ble Minister of Skill Development, Employment, Entrepreneurship & Innovation, Govt. of Maharashtra, inaugurated the 17th edition India International Jewellery Show (IIJS) Signature organised by India’s apex trade body, Gem & Jewellery Export Promotion Council (GJEPC).   The inauguration ceremony was also graced by the presence of several esteemed dignitaries, including Guest of Honour Shri Saurabh Gadgil, Managing Director and CEO, PNG Jewellers Ltd.; Shri Umesh Pandey, Thai Trade Representative; Shri Vipul Shah, Chairman, GJEPC; Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri Nirav Bhansali, Convener, National Exhibitions, GJEPC; and Shri Sabyasachi Ray, Executive Director, GJEPC.   Organized by the Gem & Jewellery Export Promotion Council (GJEPC), IIJS Signature 2025 has grown exponentially, featuring over 1,500 exhibitors across...

Avinash Gupta announced as the new Vice Chairman-GJC   All India Gem & Jewellery Domestic Council (GJC), the apex body representing the Indian gem and jewellery industry, is pleased to announce that Rajesh Rokde has been elected as the new Chairman and Avinash Gupta the new Vice Chairman of the council. This is confirmed during the council's first Board Meeting of the COA 2025 – 26 post completion of their COA elections held in December 2024.   Rajesh Rokde, from the esteemed Rokde Jewellers in Nagpur, upholds a remarkable legacy of over 100 years in the jewellery industry. Representing the Large Retailers category in GJC, he has distinguished himself through an unwavering dedication to quality, innovation, and customer trust—the hallmarks of his family's renowned brand.    His proactive leadership as Vice Chairman and Legal Committee Convener has significantly benefited the jewellery industry by addressing critical issues such as GST for the Gems and Jewellery s...

Mangal Prabhat Lodha to grace the inaugural as the Chief Guest!!   The much-anticipated 17th edition of IIJS Signature 2025 is set to be a grand and transformative event for the global gems and jewellery community. As the show prepare for this exciting showcase, GJEPC invited Gem & Jewellery (GJ) fraternity, to witness the spectacular inauguration at the Jio World Convention Centre, Mumbai, on January 4, 2025, at 10:30 AM.   The grand ceremony will be honored by the presence of Mangal Prabhat Lodha, the Hon'ble Minister of Skill, Employment, Entrepreneurship, and Innovation, Government of Maharashtra, as the Chief Guest. The event will also feature Umesh Pandey, Thai Trade Representative from Thailand, and Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, as Guests of Honour. The Inaugural ceremony will be held at the Innov8 Launchpad, Pavilion Hall, Jio World Convention Centre, Bandra Kurla Complex, Bandra East, and Mumbai.    The 17th Edition of ...

Utilize gem and jewellery certification services   Shailesh Ranka, M.D., Ranka Jewellers and President of Pune Jewellers Association was the Chief Guest for the inaugural function. The event began by reciting the National Anthem, followed by the ceremonial lamp-lighting by Shailesh Ranka and GII trustees Bhagvatibhai Patel, Shripalbhai Desai, Dr. AVR Redd, CEO, GII and Pradeep Patel, GJEA.    Dr. Reddy welcomed the guests and participants and explained about the flow of the programme. He gave very brief history of the genessis of GII that started way back in 1971 by GJEA (Gem and Jewellery  Exporters Association). Because of founder fathers’ dedication and adherence to the observations based testing that helped in evolving GII as a trusted and impartial laboratory.    He invited jewellers to utilize its comprehensive gem and jewellery certification services. He introduced Shailesh Ranka to the audience as a renowned jeweller, manager and innovator with mult...

Gemfields reports security incident involving illegal ruby miners    Mozambique unrest Update  1: On 24 December 2024, Gemfields made an announcement regarding incidents occurring on 23 December 2024 and involving groups associated with illegal ruby mining taking advantage of the prevailing political unrest in Mozambique and setting fire, inter alia, to community buildings built by Montepuez Ruby Mining Limitada in Mozambique (MRM).    These incidents took place in and around Namanhumbir, a village immediately adjacent to MRM’s principal residential infrastructure (MRM Village). On 24 December 2024, more than 200 persons staged an attempt to invade the MRM Village and during their approach set fire to external structures built by MRM and containing, inter alia, a community cash point.  Security forces comprising both the Mozambican police and military protected the MRM Village using a staged escalation of force. Tragically, during the course of the ...

Alfa-Bank analyst estimates potential for diamond price!   The potential for diamond price increase is 30-40% in the next two-three years, according to Alfa Bank's forecast. India's average diamond imports over 10 years amounted to $15 billion, and in 2024 they totaled $12 billion, while this year diamond prices fell to $125 per carat, according to Tolstykh's presentation! "Alfa Bank experts say that the potential for diamond price growth can be 30-40% over a two-to three-year horizon," Yulia Tolstykh, an analyst in Alfa Bank's metallurgy and mining sector, said at an Alrosa press breakfast.    India's average diamond imports over 10 years amounted to $15 billion, and in 2024 they totaled $12 billion, while this year diamond prices fell to $125 per carat, according to Tolstykh's presentation.  It is also noted that diamond reserves formed on speculative demand in 2020-2022, as well as the abnormal growth of lending rates for the cutting sector of ...