GJ Town India

Gold demand remained of 797.3 tonnes in 2021   Recently the World Gold Council India pronounced the Gold Demand Trend India for the January to December 2021 & Q4, 2021. The report said, 1: The gold demand for the full-year 2021 is 797.3 tonnes compared to 446.4 tonnes in 2020. 2: Total jewellery demand in India for 2021 was up by 93% at 610.9 tonnes as compared to 315.9 tonnes in 2020.   3: The value of jewellery demand in 2021 was Rs. 261,140 crores, up by 96% from 2020 (Rs 133,260 crores). 4: Total investment demand for 2021 was up by 43% at 186.5 tonnes in comparison to 130.4 tonnes in 2020. 5: In value terms, gold investment demand was Rs. 79,720 crores up by 45% from 2020 (Rs. 55,020 crores).   6: Total gold recycled in India in 2021 was 75.2 tonnes as compared to 95.5 tonnes in 2020, drop of 21% & 7: Total gold imported in India in 2021 was 924.6 tonnes as compared to 349.5 tonnes in 2020, increase of 165%. In his address, Somasundaram PR, Regional CEO...

The most-awaited jewellery expo run until 21  at Bombay Exhibition Centre, NESCO, Mumbai   IIJS Signature 2022, the most-awaited jewellery event of the first half of the year, has been now rescheduled to be held from 18 th & will run until February 21, at Bombay Exhibition Centre Goregaon, NESCO. The show was initially scheduled in first week of January 2022, but Council decided to postpone the show due to surge in Covid-19 cases at that point of time.   Colin Shah, Chairman, GJEPC, said, “IIJS Signature is an important jewellery show of the calendar, which caters to the sourcing needs of Gem & Jewellery retailers and wholesalers from across the world. GJEPC is encouraged by the fact that more than 871 exhibitors are participating in the show, occupying 1,472 booths. More than 12,000 visitors have already registered for the event, which indicates that the market is yearning for design innovation and refilling their inventory.  Shailesh Sangani, Convener,...

2.0 brings a blend of heritage, innovation and latest technology Trisha Datwani Anand, joins Anmol   Leading luxury jewellery brand Anmol re-launched its luxury boutique in Mumbai with a completely new make-over. With a vision to be the creator of trends & custodian of trust in the jewellery industry, the brand now embarks on a scintillating journey to create, A New Era of Design. With Anmol 2.0, the brand is bringing freshness, novelty & a significant change to how jewellery & design is perceived & experienced. Anmol 2.0 blends heritage craftsmanship with innovative ideas and the latest cutting-edge technology to create a power-house of awe-inspiring designs. It also mark the introduction of Gen-next as Trisha Datwani Anand, daughter of Ishu Datwani, takes the baton from her father to drive the brand and the legacy forward with her fresh perspective on design.   Anmol has launched 3 new exclusive collections to mark this occasion: Timeless; Classic Diamond...

Highlight the Timelessness of Kundan Jewellery Virasat #CreatingMemoriesForever Ushering in India’s wedding season and months of festivity, Dassani Brothers have unveiled their latest special edition Kundan jewellery collection - Virasat #CreatingMemoriesForever. The collection epitomises bridal luxury and is meant to adorn brides and her bridesmaids on their special day.   The Virasat collection dazzles with exquisite pieces of jewellery that are handcrafted from 24K gold and embellished with precious gemstones. Azure blues, mesmerizing greens and rich ruby red hues adorn the entire collection of exquisite Kundan pieces that are breathtakingly rich. And as more Indian brides opt for a mix of western and Indian sartorial choices, Kundan lends itself seamlessly to versatile clothing options.  With a rich legacy of over 2,500 years, Kundan jewellery has always held a special place in India. Its roots are steeped in India’s royal heritage and it is a prized craft that has b...

Unveils new campaign titled, Now is the Time!   Senco Gold & Diamonds, India’s one of the largest jewellery retail chain has signed Bollywood actress Kiara Advani as their brand ambassador. She will be promoting entire gold jewellery range of the brand. Senco Gold & Diamonds also unveiled their new campaign titled, Now is the time-featuring Kiara. Kiara Advani, who has joined the likes of Vidya Balan, Deepika Padukone, Priyanka Chopra Jonas, Anushka Sharma etc. as the recipient of the Smita Patil Memorial Global Award under Best Actor category, embodies this vibrant spirit of Now perfectly.  She has carved a place for herself as one of the most promising stars in a short span of time and since starting out her acting career in Bollywood in 2014, she has delivered hits like Shershaah, Good Newwz, Kabir Singh., and MS Dhoni: The Untold Story to name a few.  The Senco Gold & Diamonds campaign, which will run across Print and Digital mediums from 7th October, 20...

An exquisite collection inspired by sun rays   Reliance Jewels, India’s most trusted jewellery brand launches an elegant line of designs with the theme #UtsavSunherePalonKa, Reliance Jewels will present a line of Diamond Earrings and Rings inspired by the magnificent rays of the sun. Like every day the shining sun brings with it the spirit of new hope, this festive season Reliance Jewels brings you designs that embody the spirit of hope and best wishes.   Each piece in this diamond collection is carefully designed as a glistening reminder of beautiful sun rays ushering in happiness and hope for new beginnings.   With an array of tasteful, unique designs, the collection will prove to be a brilliant addition to personal jewellery collections or as gifts to loved ones on auspicious days. The stunning collection will be exclusively available at all Reliance Jewels Flagship showrooms across the country and a select range will be available on the Reliance Jewels website....

  Launches two new stores in Mumbai Tanishq, India’s most trusted and celebrated jewellery brand launches two new stores in Mumbai, Maharashtra as a part of brand’s retail expansion strategy. The stores launched are located at Mira Road, spread in 4000 square feet and the re-launch of the store located at Santacruz (W) is spread in 5200 square feet in a brand new look. The stores were inaugurated by Regional Business Head, West, Titan Company Limited. As part of the grand inauguration, the brand is offering free Gold Coins with every jewellery purchase for a limited time. The stores will cater to wide range of 2000+ designs across gold, diamonds, solitaires and coloured stone jewellery. Wedding jewellery from Rivaah by Tanishq features some stunning jewellery designs for the Marathi brides to-be.  This stores also caters to Tanishq’s exclusive collections Stories of Summer, Ekatvam, Aarambh, Utsaah collection which is a beautiful blend of traditional designs infused with a t...

Diamond jewels that cast a spell   Entice, KGK Since 1905, India’s most trusted and iconic jewellery brand with a rich legacy of over 115 years, presents an exquisite a spectacular jewellery line embedded with sparkly white diamonds. Entice takes its impeccable craftsmanship a notch up with magnificently crafted diamond jewels that are fashioned to life by talented designers. A dazzling ode to the quintessential modern women of today’s time, this exquisite collection perfectly complements the party  fervour and is sure to add a note of subdued glamour to any look.                                                                                                        ...

Billionaire Ashoka, a 62 precisely-cut facets Named after India's greatest King Ashoka Maurya   Since its introduction in 2015, the Jacob & Co Billionaire has reached fame as the watch coveted by all with a price tag surpassing $18 million. With only one in existence worldwide, the Billionaire is a unique piece adorned with Emerald-Cut Diamonds with an approximate carat weight of 260 carats. Now, Jacob & Co is using the Ashoka diamond for the very first time in a diamond-encrusted tourbillon timepiece.   The white gold case of the Billionaire Ashoka measures 54x40mm and houses a skeletonized tourbillon movement, exclusive to Jacob & Co Artistry in and of itself, skeletonizing this tourbillon movement removes every bit of extraneous material, leaving only what is necessary to ensure precise and robust operation.  Every surface is chamfered, polished and finished to perfection. This manual-wind, almost see-through timepiece has an impressive power reserve of...

Returns rock over 16% & soared over $4.5 trillion Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released by the National Retail Federation [NRF] and Appriss Retail. This accounts for an average of 16.6 percent of total U.S. retail sales, which soared to $4.583 trillion in 2021.   “As total retail sales continue to accelerate from sustained consumer demand during the pandemic, it is no surprise that the overall rate of returns has also been impacted,” said Mark Mathews, NRF’s vice president of research development and industry analysis.  “While retailers have indicated that they are seeing an increase in items returned to stores and online, the upside is that it also provides them with additional opportunities to connect further with customers and provide a positive experience.”   The 2021 total rate of returns (16.6 percent) is up from 10.6 percent during 2020, but online returns are in lin...

Savji Bhai Dholakia conferred with Padma Shri   Padma Awards - one of the highest civilian Awards of the country, are conferred in three categories, namely, Padma Vibhushan, Padma Bhushan and Padma Shri. The Awards are given in various disciplines/ fields of activities, viz.- art, social work, public affairs, science and engineering, trade and industry, medicine, literature and education, sports, civil service, etc.  Padma Vibhushan, is awarded for exceptional and distinguished service; Padma Bhushan, for distinguished service of high order and Padma Shri, for distinguished service in any field. The awards are announced on the occasion of Republic Day every year.   These awards are conferred by the President of India at ceremonial functions which are held at Rashtrapati Bhawan usually around March/ April every year. This year the President has approved conferment of 128 Padma Awards including 2 duo case (in a duo case, the Award is counted as one).    The list...

Gold may face similar dynamics in 2022 to those of last year,  as competing forces support and curtail its performance. Near term, the gold price will likely react to real rates in  response to the speed at which global central banks tighten  monetary policy and their effectiveness in controlling inflation! Despite potential rates hikes, real rates remain low! Higher rates in 2021:   Outweighed inflation risks:  Gold finished the year approximately 4% lower, closing at US$1,806/oz. The gold price rallied into year-end on the heels of the rapidly spreading Omicron variant, likely prompting flight-to-quality flows, but it was not enough to offset H1 weakness.  Early in 2021, as newly developed vaccines were rolled out, investor optimism likely fuelled a reduction in portfolio hedges. This negatively impacted gold’s performance and resulted in gold ETF outflows. The rest of the year was a tug of war between competing forces. Uncertainty surroundin...