GJ Town India

The 4th +100 carat diamond recovered in 2022    Lucapa Diamond Company announces the recovery of a 131 carat white Type IIa diamond by Sociedade Mineira Do Lulo (SML). The 131 carat stone is the 29th +100 carat diamond ever recovered and the 4th +100 carat diamond recovered at Lulo in 2022.  In a comment on the occasion, the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, said “Angola has proven, yet again, its enormous diamond potential. I am absolutely convinced that with discoveries of this nature we will be, in the near future, among the biggest diamond producers in the world. Companies can always count on the Ministry's full institutional support to ensure the proper performance of their operations.”    The Chairman of the Board of Directors of Endiama E.P, José Manuel Ganga Júnior, commented “The discovery of another large and high-quality diamond demonstrates the quality of the partnership between Endiama, Rosas & Petalas and Lucapa Di...

92% exhibitors intended to participate in the next edition of IIJS Premiere   The 38th edition of IIJS Premiere held in Mumbai from 4th to 8th August 2022, was highly successful in driving sales and fulfilling the expectations & objectives of 1790 exhibitors and 50,000 domestic & international visitors, according to an exhaustive research survey conducted by Hansa Research, a consumer insights and analytics agency, commissioned by GJEPC.   The survey, which measured the world’s second-largest show’s performance across key touch points that impact customer experience, found that 95% of the exhibitors (sample size 948 exhibitors) expressed high satisfaction with overall experience at IIJS Premiere 2022, contributed by the quality of services, visitors, facilities & ambience, and machinery display.    Interestingly, IIJS Premiere contributes on average 23% of the country’s annual gems and jewellery sales, the study revealed. The total estimated value o...

GJ exports grew by 33% during the June-Aug 2022 The India-UAE Comprehensive Economic Partnership Agreement (CEPA) which came into effect on the 1st of May 2022 is already creating a significant positive impact on India-UAE trade. Indian exports to the UAE, excluding petroleum products grew from US$ 5.17 billion during June-August 2021 to US$ 5.92 billion,  during June-August 2022, which denotes an increase of 14%. In the row Gem & jewellery (GJ) exports that grew by 33%. That registered exports during the June-Aug 2022 of US$ 1404.73 over the previous June-Aug 2021 of US$ 1053.33.   It is pertinent to note that India’s global non-petroleum exports during the same period (Jun-Aug 2022) grew by 3% on an annual basis. This implies the growth rate of India’s non-petroleum exports to the UAE is almost 5 times as that of India’s non-petroleum exports to the world.   Excluding petroleum related imports, Indian imports from the UAE during the same three-month period grew...

The myth regarding gold & what does the data tell us?   Recently ABC Bullion highlighted the myth & asked, does gold need the dollar to fall? One of the interesting myths regarding gold as an investment is one that suggests it only does well in periods the US dollar (USD) is falling. Indeed, some analysts go so far as to say that it’s the anti-dollar.   It’s of course worth noting briefly that up until 1971, US dollars were formally backed by gold, at a formal price of close to $35 per troy ounce (oz), meaning you could exchange USD $35 for an ounce of gold through the banking system.   This backing was brought to an end during the Nixon administration, and it has now been just over 50 years since the US abandoned the gold standard. Back to the myth regarding gold and its relationship with the USD, in simple terms, some believe that anytime the USD is going up in value, the gold price will be going down, and vice versa. A detailed examination of market hist...

Dassani brothers presents Navratna Jewellery Collection   Worshiping goddess Durga with the alluring colours of its Navratna jewellery, India’s finest designer jewellery brand, Dassani Brothers, is launching the Navratna jewellery collection this Navratri season.   The collection is exclusively crafted keeping in mind the significance of the nine colours to celebrate the glory of this auspicious festival. Navratna jewellery is designed to enhance the charm of every outfit with its bold and bright colours. The faith of people in the nine-day event brings to every home, pure and positive vibes. The Navratna jewellery is made with 18 KT Gold and embellished with round brilliant cut diamonds, syndicate quality uncut diamonds (Polki), Rubies, Emerald, Coral, Cat's-eye, Blue Sapphire, Yellow Sapphire, Hessonite and South Sea Pearls.    Enamelling enhances the appearance of the jewellery, and Emerald mani, Tourmaline mani, Emerald cabochon and South Sea Pearls are also ...

Reliance Jewels, inspired by the heritage of Maharashtra   Reliance Jewels, one of India’s leading jewellery brands is known for its many collections inspired by the various art and culture, traditions and beliefs that personify India’s rich and diverse heritage. From Utkala inspired by Odisha to Kaasyam inspired by Banaras and Rannkaar inspired by Kutch, Reliance Jewels continues to bring forth the rich and diverse heritage of India through its jewellery designs.   This festive season, Reliance Jewels has launched an exquisite collection of Gold & Diamond jewellery, “Mahalaya”, inspired by the glory & grace of Maharashtra to mark the upcoming auspicious & celebratory festive season. The name Mahalaya is a culmination of Greatness and Beauty, MAHA meaning great and AALYA meaning beauty that is found in almost every aspect of life in Maharashtra.  The collection was launched with a Grand invite only event, where Reliance Jewels hosted an exclusive Jewellery...