GJ Town India

DMCC signs agreement with Czech Mint  DMCC has unveiled prototypes of a new series of gold and silver bullion coins that celebrate the achievements of the UAE over the last 50 years. The coins will be made available for purchase after Ramadan. Announced at the 2022 edition of the Dubai Precious Metals Conference (DPMC), the coins are the result of a partnership with Czech Mint, the official supplier of currency coins to the Czech Republic’s central bank.  The agreement was signed by Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, and Mr Michal Drtina, CEO and Chairman of the Board, Czech Mint.  Representing the success of the UAE, the new prototype bullion coins feature a range of designs including the image of HH Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the Louvre Abu Dhabi to reflect the UAE’s s...

Members updated from GIA, NDC   The Diamond Manufacturers and Importers Association of America (DMIA) held its first annual member meet-and-greet-and inform, cocktail reception. A well-attended DMIA membership meeting followed the reception.    DMIA had invited representatives of GIA (the Gemological Institute of America), the Natural Diamond Council (NDC), the International Gemological Institute (IGI), De Beers, and the U.S. Department of State to attend the gathering.    After welcoming guests and offering introductory remarks, DMIA President Stuart Samuels introduced the NDC’s CEO, David Kellie, who reported on the organization’s work promoting natural diamonds worldwide. Kellie concluded with a delightful video highlighting the NDC’s current promotional advertising and public relations efforts. The next speaker was Ricard Pesqueira, GIA’s Vice President for Global Market Development. He updated the DMIA membership on GIA’s digital grading reports that ...

Revised System of Warranties!   “We are reaching out to inform you about the Revised System of Warranties (SoW), which will require you to change the warranty declaration that all members of the trade add to invoices and memo documents” said the World Diamond Council (WDC).  The SoW was developed by the WDC in 2002 as an industry self-regulation system that would indicate that diamonds being sold comply with the requirements of the KPCS. The Revised SoW was launched in September of 2021 to meet consumer demand for enhanced supply chain integrity.  It is designed to help meet those expectations.    In view of this fact, the current warranty statements on your invoices and memo statements are soon to be outdated and are to be replaced with the broader statement that is in accordance with today's market demands. Therefore it is imperative that you update them as soon as possible.    Register on the SoW website and provide the required information. Upon...

Fiscal 2024 guidance reflects confidence!   Recently, Signet Jewelers announced its results for the 13 weeks and 52 weeks (Fiscal 2023) ended January 28, 2023.    "Thank you to our team for their dedication, agility, and excellent execution. We delivered on our three key priorities of growing market share, achieving an annual double-digit non-GAAP operating margin, and leveraging capital allocation to drive shareholder returns despite headwinds and volatility throughout the year," said Signet Chief Executive Officer Virginia C. Drosos. "    As we turn to FY24, we are confident in the sustainable competitive advantages we've built and our ability to leverage our enhanced infrastructure and scale to grow ahead of the jewelry industry. "Our Fiscal 2024 guidance reflects confidence in our ability to deliver an annual double-digit non-GAAP operating margin despite a jewelry retail environment that we estimate will decline mid-single digits through the year,"...

Idylle Blossom by Louis Vuitton   Louis Vuitton carried the campaign in addition to the collection’s emblematic pieces, new essentials are introduced this season, from pavé pendants, earrings and rings to those adorned with diamonds. Worn together, stacked, layered or alone, each piece yields a contemporary yet refined elegance, rendering these creations undeniably feminine. Playfully feminine, the Idylle Blossom paved ring brings life to the Monogram Flowers, created over a hundred years ago by Georges-Louis Vuitton. Cast from 18-karat white, pink, and yellow gold, the three blossoms are covered with more than 150 pavé diamonds. The precious stones are a sparkling celebration of the collection’s tenth anniversary.    Taking on a playful and modern aesthetic, the pieces can be styled to suit any mood or occasion, celebrating the beauty of the imagination. The collection’s signature Idylle Blossom ring is introduced in three shades of gold punctuated with diamonds, while...

Roberto Coin featuring handmade creation The pieces were inspired by the coat of arms of Navarra, an ancient region of Spain, which was made of 16 chains in a sunray pattern under a glorious crown.  The meticulous, essential design is almost regally austere, with the chains as the dominant element. Navarra may have been inspired by the past but its look is modern and powerful, free from contrived details and full of commanding simplicity.                                                                                                              Navarra bangle with diamonds, where diamonds decorate this majestic bangle by, featuring 18kt yellow gold and the uniqueness of a handmade creation. Navarra bangle in 18...

How, diamonds presented in retail settings! CXG, a global leader in consumer insights, performed research across national and regional retailers to uncover how natural diamonds (NDs) and laboratory-grown diamonds (LGDs) are presented in retail settings. The study analyzed how the store environment, merchandising, and interactions with the Sales Advisors contribute to the customer’s education, experience, and confidence to purchase.  Key findings include: 1: It is a concern that sales advisors show little proactivity (less than 40% of interactions) in explaining differences between LGDs and NDs, use a comparative narrative, and show lack of knowledge in using ethical, provenance, and traceability arguments.                                                                                ...

Conversations with Industry Leaders on March 28    IDMA Congress to be held during the afternoon of March 28 at the D-Mall, participants will be discussing, among other topics, the State of the Diamond Market, including the diamond and diamond jewelry retail markets in the U.S., and the relationship – or the lack thereof - between diamonds and LGDs.   One of the modules of the Conversations with Industry Leaders to be held during the 40th IDMA Congress in the afternoon of March 28 will revolve around, Financing and Technology in the Diamond industry.  Three conversation participants will share the stage: Pranay Narvekar of Pharos Beam Consulting, a renowned diamond industry analyst; Ophir Gore, Director of Diamonds, Precious Stones & Jewelry Administration at Ministry of Economy & Industry, Israel; and David Block, CEO of Sarine Technologies.    The three will discuss the industry's financial health, the changing landscape of the financial inst...

Jacob & Co presents at Geneva watch week   Looking ever deeper in space, Astronomia is shaking up contemporary watchmaking with radical performance: Astronomia Revolution reaches terminal velocity and revolves around its own axis in one minute. Housed in a sculptural, 47 mm case made of sapphire and gold, Astronomia Revolution is powered by an all-new movement, designed to deliver high speed, high accuracy and high entertainment efficiency.    Caliber JCAM48B spins in 60 seconds, bearing a double-axis flying tourbillon, with a third axis which is the movement itself. Mastering this speed requires a patented, innovative constant force device, harnessing the massive energy generated by Astronomia Revolution.    This bright star of contemporary watchmaking reflects both light and Jacob & Co.'s unique sense of narration. Underneath the revolving satellite carriage lies a curved, red gold, 18-mirror array inspired by the James Webb Space Telescope. Astr...

To be Held from 6th to 8th April 2023   The fourth edition of the Bharat Diamond Week, popularly known as BDW will be held from 6th to 8th April, 2023 at the sprawling Bharat Diamond Bourse Complex Mumbai. After a hiatus due to travel restrictions and other factors affecting free trade, Bharat Diamond Bourse decided to open this important, Only Diamond - show this year promising over 125 exhibitors comprising of large and medium sized Diamond manufacturers [cut and polished] and Diamond Jewellery companies.   The BDW 2023 will also have Technology as well as Lab Grown Diamond companies among exhibitors.   BDW 2023 organisers also said that this year will be different as it becomes the responsibility of Bharat Diamond Bourse to put up a show that not only showcases the best of products from globally renowned companies, but also give value to all the buyers who would be coming in specifically to attend the exhibition and buy.  According to Anoop Mehta, President,...

Sotheby’s live auction at Hong Kong 2023 marks the 50th anniversary of Sotheby’s in Asia, where we were the first international auction house to establish a permanent presence in the region with the opening of our Hong Kong office. Sotheby’s is much more than an auction house.  Sotheby’s is destination for cultural expertise and appreciation. It is a hub for the most discerning collectors and lovers of fine arts and luxury in Asia as well as a gateway for the rest of the world to discover the cultural heritage and creativity of Asia.                                                                                                              To commemorate this momentous occasion, our anniversary year is overflow...

Fabergé x Game of Thrones collection!   An exciting new high jewellery collaboration between the iconic artist jeweller Fabergé and the cult television series Game of Thrones was unveiled in November with a series of dragon-inspired pieces.   Capitalising on the runaway popularity of Game of Thrones, one of the most loved shows of all time, the collection will be released in four chapters over the next few years, each piece intended to become a little piece of television history. The first chapter – Dragon– features five fiery designs, containing Gemfields’ responsibly sourced Mozambican rubies.   The Fabergé x Game of Thrones Dragon collection was created by Game of Thrones’ award-winning costume designer, Michele Clapton, and Fabergé’s Head of Design, Liisa Tallgren. The pieces channel the design details of the show’s exquisite sets, costumes and characters, its dramatic landscapes and fantastical appeal. Dragon is a nod to the orphan-turned-warrior queen Daenerys...

In the month of March 2023 up to April 2023  Golay Buchel Trading Company is a Leading Importer of Golay Buchel Zirconia. With its unique existence in the industry ever since 1887, the brand has always aimed to offer a unique and understandable global fashion vision & to this vision is an extended hand of craftsmanship by participating in fleet of exhibitions in the month of March 2023 up to April 2023. Golay Buchel Trading Company is thrilled to announce its participation in several upcoming jewellery exhibitions. March and April. The company will display its finest Zirconia collections at these exhibitions, showcasing their creativity, craftsmanship and exceptional quality. The next event Zaveri Bazaar Festival by IBJA (India Bullion and Jewellers Association Ltd.) is coined to take place from 3rd April to 6th April at Zaveri Bazaar. Golay Buchel Trading Company will be an active participant in the event as the Premium Zirconia Partner. Following Zaveri Bazaar Festival, Golay...

3rd GJS, a 5000-year Old Industry glory!   All India Gem and Jewellery Domestic Council, the premier industry body catering to around 300,000 Indian jewellers and the allied industry value chain, is looking forward to the 3rd edition of GJS - India Gem & Jewellery Show scheduled from 7th to 10th April 2023 at Bombay Exhibition Centre (NESCO), Mumbai.   GJS will comprise the top-of-the-line manufacturers/wholesalers of Gems & Jewellery retailers and stockists as well as dealers from all over the industry. GJS will assemble the best retailers, wholesalers, manufacturers, traders, and delegates from across India. GJS endeavours to be the ultimate sourcing platform for doing business and a must-attend for every jeweller interested in the Indian market. GJS will include the participation of a large number of exhibitors from India.   The show will create a productive atmosphere for the Retailers to explore exclusive and trendsetting precious ornaments and encourag...