GJ Town India

Exclusive Online Jewellery Store launched! Jewellery Market: The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gem & jewellery trade in India, has forged a unique partnership with global E commerce giant eBay to offer to its Members an Exclusive Jewellery Store on eBay.  With its ‘Make in India for the World’ tag, the Jewellery store on eBay will help jewellery exporters including MSMEs and Brands to boost online jewellery sales with a low setup cost. It will also provide market research & insight along with being a local business development support. Ebay has 183 million Active Buyers (Q2 2020) having more than 15,000 Indian sellers, which is a high potential market segment for GJEPC members. Colin Shah, Chairman, GJEPC, said, “As part of our endeavour to constantly deliver value to members, GJEPC has collaborated with eBay, to establish an exclusive and dedicated store for Jewellery on eBay.   This would be an opportunity for all Jewellery Manuf

  The right time to build your brand Jewellery Market: Scheduled latest issue of the Jewellery Market Newspaper is being published its issue 3 of the Gujarati language. On the occasion, the Jewellery Market said, “This is the right time to build your brand in the Indian Gem & Jewellery Sector with Jewellery Market-India’s first multilingual fortnightly newspaper!” By adding the Jewellery Market said, “Enhance Profits with unbelievable reach!” જવેલરી માર્કેટનો ગુજરાતી અંક ૩ પ્રકાશિત Just click & explore,  http://jewellerymarket.co.in/Issue/26May-10june-21.html

                             Hallmarking implementation deferred for 15 days                                                        BIS to resolve the issues of exporters as raised by GJEPC Jewellery Market: With mandatory gold hallmarking set to be implemented in India from 1st June, 2021, the GJEPC in a representation to Piyush Goel, Minister of Consumer Affairs and Food & Public Distribution, Govt of India welcomed the decision but has sought clarity on certain issues pertaining to exports under the hallmarking provisions.   While the Hallmarking Order excludes exporters, the GJEPC has called on the authorities to “explicitly clarify that jewellers having transactions only in the export stream are completely excluded from the purview of the Hallmarking Order”. The GJEPC chairman Mr. Colin Shah pointed out operational challenges brought on by the fact that all exporters maintain common inventory for both export and domestic streams.  Shah noted that the storing of fully manuf

Learning opportunities for jewellery professionals   Click the Link:    http://www.thenewjewelleruae.me/Top_Stories/MoU_with_Pearson.html  

                           The highest sale total for the category in four years                                                                HK Spring Auction Achieved US$76,804,799                                            World record price at auction for                                                                                        The largest purple pink diamond   On 23 May 2021, Christie’s Magnificent Jewels auction totalled HK$593,437,500 / US$76,804,799. The Sakura set a new auction record when it became the largest purple pink flawless diamond ever sold at auction realising HK$226,275,000 / US$29,285,318 (US$1,852,329 per carat).  Another notable pink diamond in the sale - The Sweet Heart – a Fancy Vivid Pink Diamond Ring of 4.19 Carats, sold for HK$50,650,000 / US$6,555,304 (US$1,564,512 per carat).   Vickie Sek, Chairman, Department of Jewellery, Christie’s Asia Pacific, commented, “We are very excited to have marked another important chapter in jewellery auctio

                                              Reliable ages for diamond fluids                                                Encapsulated fluids, from which the diamond formed   Diamonds are sometimes described as messengers from the deep earth; scientists study them closely for insights into the otherwise inaccessible depths from which they come. But the messages are often hard to read. Now, a team has come up with a way to solve two longstanding puzzles: the ages of individual fluid-bearing diamonds, and the chemistry of their parent material. The research has allowed them to sketch out geologic events going back more than a billion years—a potential breakthrough not only in the study of diamonds, but of planetary evolution.   Gem-quality diamonds are nearly pure lattices of carbon. This elemental purity gives them their luster; but it also means they carry very little information about their ages and origins. However, some lower-grade specimens harbor imperfections in the form

The issue price of the Bond shall be Rs 4,842 In terms of the Government of India Notification No.4(5)-B(W&M)/2021 dated May 12, 2021, Sovereign Gold Bonds (SGB) 2021-22 (Series II) will be opened for the period May 24-28, 2021 with Settlement date June 01, 2021. The issue price of the Bond during the subscription period shall be Rs 4,842 (Rupees Four thousand eight hundred forty two only) – per gram, as also published by RBI. The Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs 4,792 (Rupees Four thousand Seven hundred Ninety two only) per gram of gold.   It is to remember that the Sovereign Gold Bond Scheme 2021-22 Series I had had remained of Rs 4,777 (Rupees Four thousand seven hundred Seventy seven only) – per gram.  

                                                      Procedures detect counterfeit inscriptions Click the link: http://www.thenewjeweller.net/emailer/Newsletter/index-18-5-21.html  

                           India-Morocco meets under India Global Connect!                                                             India, a viable GJ sourcing global destination!   Jewellery Market: The Gem & Jewellery Export Promotion Council (GJEPC) and Embassy of India, Morocco, jointly organised the India Global Connect on 20th May, 2021. The objective of the meet was to understand the current business scenario with regard to the gem and jewellery sector and have discussions among manufacturers, exporters and importers of both the countries, and initiate a dialogue, explore trade opportunities and project India as a viable sourcing destination.   Morocco is India’s second-largest trade partner from the North African region. Currently, Moroccan global gem and jewellery imports amount to $122 million annually, of which India’s share is $2 million.   Gracing the occasion along with other dignitaries, were His Excellency Rajesh Vaishnaw, Indian Ambassador to Kingdom of M

Swiss gold exports hit 10 month high in March   World Gold Council (WGC) j ust released, Gold Market Commentary, under the heading of Inflation, falling yields and the US dollar pushed gold higher, said, “Looking forward, we expect inflation concerns and the direction of rates to remain an important driver of gold prices, while rising Covid cases could weigh on consumer demand but support investment.”   Looking ahead the Commentary says, rates dominate but Covid poses risks! Rising inflation expectations and questions around central bank tapering are front-and-centre for investors. Despite recent increases in inflation, central banks have maintained their accommodative stance in words and actions.   Markets remain nervously poised for the outcome of rising inflation and central banks' reactions to it. While yields in the US moderated during April, they continued to rise across Europe and parts of Asia. Gold’s increased sensitivity to changes in interest rates means any shif

Collaborated to promote the Natural Diamonds Dream   Jewellery Market Bureau:  The Natural Diamond Council (NDC) announced an exclusive strategic partnership with Chow Tai Fook (CTF) Jewellery Group, in the Greater China region, to advocate the Natural Diamonds Dream to Chinese consumers, especially the younger generation, through diverse communication channels and accessible digital content, along with professional training resources.   The partnership aims to convey the value and beauty of timeless natural diamonds to Chinese consumers and enhance their confidence and desire for natural diamonds. As the first and exclusive strategic retail partner of the NDC in China, Chow Tai Fook will fully support the natural diamond-related promotional and educational campaigns launched by the NDC in China.   The Natural Diamond Council will also step up its support in different areas, including advertising assets, digital assets, social media content and search engine marketing, to fully r

                                         Second wave of Covid-19 in India                                                                                        Lower rough diamond demand!   Robust demand for diamond Jewellery in the key US and China!   Jewellery Market Bureau:  De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fourth sales cycle of 2021. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the fourth sales cycle of 2021, with the Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 4 represents the expected sales value for the period 3 May to 18 May and remains subject to adjustment based on final completed sales.   Bruce Cleaver, CEO, De Beers Group, said: “We continue to see robus