GJ Town India

Experienced positive & transformative power of yoga   Hari Krishna Exports, a renowned name in the diamond and jewelry industry, once again celebrated International Yoga Day with immense enthusiasm and wide participation across its Surat and Mumbai offices, and its different offices worldwide. This year, nearly 4,000 HK employees rolled out their yoga mats to join in the global celebration of this ancient Indian practice.   The Surat office had around 2,000 employees who gratefully participated, while the Mumbai office had a turnout of approximately 1,600 employees and a few more hundred from other HK Group offices. Participants engaged in various yoga asanas and breathing exercises. The atmosphere was filled with positive energy and a sense of unity. “I believe in the transformative power of yoga for physical, mental, and spiritual well-being. By participating in International Yoga Day, we aim to contribute to uniting individuals and promoting a harmonious world throu...

Collects1,120 units of blood as a part of the SEEPZ  drive   Bharat Diamond Bourse (BDB) hosted a successful two-day blood donation camp, marking a significant contribution to the city's healthcare ecosystem. The event garnered overwhelming participation from members of Bharat Diamond Bourse, MDMA (Mumbai Diamond Merchants Association), and GJEPC (Gem and Jewellery Export Promotion Council), underscoring their commitment to community welfare.   The Blood Donation drive was inaugurated by Dnyaneshwar Patil, IAS, Zonal Development Commissioner, SEEPZ- SEZ & CPS Chauhan, IRS, Joint Development Commissioner, SEEPZ- SEZ. Speaking at the event, Shri. Dnyaneshwar Patil underscored the critical importance of blood donation in supporting individuals, especially Thalassemia Major Patients, in their fight against life –threatening conditions.  CPS Chauhan, led a poignant tribute to the selfless donors and tireless volunteers who contributed to the camp’s resounding succ...

Kisna open 2nd showroom in Uttarakhand, totaled 29 th in India   Kisna Diamond & Gold Jewellery, from Hari Krishna Group, a leading name in the Indian jewellery industry, has proudly inaugurated its 2nd exclusive showroom in the Mall of Dehradun, Uttarakhand and 29th in India. The grand event, was graced by the esteemed presence of the Chief Minister of Uttarakhand, Pushkar Singh Dhami, along with the Founder & Managing Director of Hari Krishna Group, Ghanshyam Dholakia.   Kisna’s new showroom in Mall of Dehradun blends traditional designs with contemporary elegance, reflecting local motifs and consumer preferences. Featuring intricately crafted gold necklaces and diamond-studded earrings, Kisna caters to diverse tastes while celebrating the region's cultural heritage and craftsmanship.  Commenting on the launch, Ghanshyam Dholakia, stated, “We are delighted to inaugurate our 2nd exclusive showroom in Uttarakhand. This milestone not only highlights our expans...

The session brought a spirit of holistic wellness & solidarity   Bharat Diamond Bourse (BDB) marked the 10th International Yoga Day with the yoga session which brought together its members, and stakeholders in a spirit of holistic wellness and community solidarity. The event, held on June 21st, 2024, underscored the profound significance of yoga in fostering physical, mental, and spiritual well-being.   The occasion witnessed enthusiastic participation from across the Bourse, with members, staff and stakeholders joining in the yoga sessions conducted by Vipul Tejani & his team of Navsarjan Prathisthan.  These sessions ranged from traditional yoga to a sound healing session, catering to practitioners of all levels and preferences. Around 460 members & staff engaged wholeheartedly, embracing the calming influence of yoga amidst the bustling diamond trading environment.    Mehul Shah, Vice President of Bharat Diamond Bourse, highlighted the importan...

Vipul Shah attends Hon'ble FM's Consultation Meeting!   GJEPC Chairman Vipul Shah presented key recommendations for the gem & jewellery trade at the pre-budget meeting with Union Finance Minister Nirmala Sitharaman.    Vipul Shah, Chairman of GJEPC, said, “The Indian gems and jewellery industry contributes around 10% to India’s total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence of the beneficiation scheme, and issues related to rough diamond sourcing.   Against the backdrop of the macroeconomic scenario, I urge the government to take measures to revive exports in this sector. I request the Hon’ble Finance Minister to introduce a Safe Harbour rule in SNZs, introduce the Diamond Imprest License, and reduce the import duty on gold, silver, and platinum bars to 4%; and introduce duty drawback on exports of platinum Jewellery to take advantage of India UAE CEPA. These measures are ...

Expect a protracted U-shaped recovery in diamond demand   De Beers Group announced the value of rough diamond sales for the fifth sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 5 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.   De Beers Group CEO Al Cook said: “The northern summer is generally a quieter period for rough diamond sales, and this was reflected in our cycle 5 sales. The recent annual JCK jewellery show in Las Vegas confirmed a resurgence in retailers’ interest in natural diamonds in the United States but ongoing economic growth challenges in China mean we continue to expect a protracted U-shaped recovery in demand.”  DeBeers Cycle 5 2024 (provisional) [1] Cycle 4 2024 (actual) [2] Cycle 5 2023 (actual) Sales value [3] ($m) 315 383 456 [1] Cycle 5 2024 pro...

Celebrates Graduates & Specially Abled Trainees    The Jewellery Occupational Skilling Hub (JOSH), an initiative by the Gem & Jewellery Skill Council of India (GJSCI), held a convocation ceremony at the Mega Common Facility Centre (CFC) in SEEPZ, Mumbai. The event marked the graduation of 115 candidates from the 7th regular batch and the 1st batch of Specially Abled Persons (SAP/PwD).   The trained candidates specialised in various job roles, including Filing & Assembly, Basic Metal Setting, Polishing & Cleaning, Jewellery CAD Designing, Diamond Assorting, Wax Setting, SAP – Filing & Assembly, SAP – Basic Metal Setting, and SAP – Polishing & Cleaning. The event was graced by the chief guest, the newly appointed Development Commissioner, SEEPZ-SEZ, Dnyaneshwar B. Patil, IAS, who was joined by Joint Development Commissioner C.P.S. Chauhan, IRS, SEEPZ-SEZ; Deputy Development Commissioner, Dr. Prasad Varwantkar, IRS, SEEPZ-SEZ along with other dign...

Until a new CEO is appointed, the board to handle!   Fura Gems Inc. DMCC, a company specializing in colored gemstone mining, has announced that CEO Dev Shetty has resigned to explore new opportunities, said media report. Fura Gems announced that its board of directors will serve as the main decision-making body until a new CEO is appointed. During this period, the current management team will collaborate with the board to handle daily operations. The management team has played a crucial role in Fura’s achievements and is well-equipped to maintain operational stability and uphold the company's high standards. Fura remains dedicated to ensuring a smooth leadership transition, with a continued focus on sustainability, innovation, and delivering value to its partners, customers, and stakeholders.    “The restructuring of our leadership team is a next step in driving forward our strategy, building on the progress made to create a world-class business that meets the evolving ...

Bhopal road show draws 600 retailers, from 42 districts   The IIJS Premiere 2024 Road Show held in Bhopal on 23rd June showcased an array of features and benefits of the upcoming exhibition. Mansukh Kothari, Member, National Exhibitions Sub-committee, GJEPC, delivered a presentation that emphasised the new venue, digital platform, enhanced product quality and variety, and promising business opportunities for visitors. He encouraged retailers to register and attend the event in August.   Nitin Khandelwal, Deputy Director – Jaipur, GJEPC, followed with a presentation on the diverse services and initiatives offered by the GJEPC, including membership benefits, international exhibitions, and e-commerce opportunities.    The event was graced by Chief Guest Praveen Khandelwal, Member of Parliament from Delhi. Over 600 jewellery retailers from 42 districts of Madhya Pradesh participated, with strong support from the Jewellers Development Welfare Association.  ...

DGFT advised to the industry to refer the detailed issued guidelines  Recently, the Ministry of Commerce & Industry (MoC&I) has issued a clarification regarding the subsequent re-import of unsold jewellery exported under the Import Policy of items listed under ITC (HS) Codes 71131912, 71131913, 71131914, 71131915, and 71131960. According to a recent circular from the Directorate General of Foreign Trade (DGFT), the status of these items has been amended from 'Free' to 'Restricted' category, as per Notification No. 17/2024-25 dated June 11, 2024.  Following this amendment, the DGFT received multiple representations from trade and industry bodies seeking clarity on the applicability of this import restriction on the re-import of items exported under paragraphs 4.79 and 4.92 of the Handbook of Procedures, 2023. The clarification from the DGFT states that the re-import of unsold jewellery, which was exported for the purpose of exhibitions abroad and falls under the ...

Franchise host a noble initiative CSR of Blood Donation Drive   Kisna Diamond and Gold Jewellery, a leading name in exquisite jewellery, proudly marks the one-year milestone of its exclusive showroom in Auqaf Market, Jammu. To honour this special occasion, the company had organized Blood Donation Drive to give back to the people of Jammu that has supported them throughout their journey.   This noble initiative was conducted on behalf of the consumers who had purchased jewellery from the Kisna’s exclusive showrooms at Jammu. This social welfare approach reflects Kisna's holistic commitment to making a positive impact on society beyond its business operations. Ghanshyam Dholakia, Founder and Managing Director of Kisna Diamond and Gold Jewellery said, “As we celebrate the 1st anniversary of our exclusive showroom in Jammu, we are honoured to contribute to the well-being of our community through this blood donation drive.  At Kisna, we believe in making a meaningful impac...