GJ Town India

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 impact beyond j

Study tour for students concludes with a succeeded note!   In a landmark initiative to blend academic learning with practical industry exposure, J K Diamonds Institute of Gems & Jewelry organized an enriching study tour for its gemology students to Thailand in May 2024. This tour provided the students with invaluable hands-on experience and also allowed them to build meaningful connections in the international gems and jewelry market.   Students visited the renowned KGK Jewelry Manufacturing Factory. They mastered the art of achieving flawless finishes, refined their gemstone setting skills, and expertly set green stones into bracelets with invaluable practical experience and insights into the jewelry manufacturing industry. J K Diamonds Institute’s student also met Somchai Phornchindarak, President of the Thai Gem & Jewelry Traders Association, along with Hemant Jain and Dipak Shahthanawuth, Vice Presidents of the Thai Gem & Jewelry Traders Association. Our very own

Gold and silver's CPI soften over steady fed rate   At the juncture Colin Shah, MD, Kama Jewelry said, “The decision by the US Fed to keep the policy rate intact for the seventh consecutive time comes as per the industry expectations. Although the inflation has cooled down, it has still not come under the Fed’s expected range, thereby deferring the possibility of three rate cuts, which we could have possibly seen during this calendar year.   As per the forecast by Fed, it has hinted that it may start slashing rates from next year onwards wherein a rate cut of 100bps is in focus. However, we will have to wait and watch how the inflation numbers play out, which will further decide the possibility of rate cuts next year.   Gold prices saw some softness post Fed’s announcement in domestic market. Since Q2 of financial year is usually a dull phase due to monsoon and shraadh, we expect the prices to remain dampened during this period. Nevertheless, we hope for the demand to see a g

Education evolved with rich eLearning materials!   GIA India recently held the graduation ceremony for GIA Graduate Diamonds Diploma Program (Blended) batch at its Mumbai campus. The graduation ceremony was preceded by an interactive discussion that was conducted by Sriram Natarajan, Managing Director of GIA India, and Apoorva Deshingkar, Senior Director – Education and Market Development, GIA India where students shared their experiences from the program.   Addressing the students, Sriram Natarajan said, “Through the years, the model of education has evolved with rich eLearning materials delivered online, and now, we’ve delivered world-class diamond education through the blended format that has gained a lot of interest among gem and jewelry aspirants. He also congratulated the students and added, “I am excited to witness the career paths that these new graduates will take in the future.”     Apoorva Deshingkar added, “We are proud of our GIA Graduate Diamonds Diploma Program (Bl

The heartfelt campaign celebrates father's love- affection  Senco Gold and Diamonds has launched its latest brand campaign, #LegacyOfLove, starring the renowned father and son duo, Kaushik Sen and Riddhi Sen. This heartfelt campaign celebrates the profound strength of a father's love—his unwavering support, silent encouragement, and endless affection.  In the digital film, Kaushik Sen and Riddhi Sen beautifully portray the deep bond between father and son—a bond forged in love and the legacy of paternal guidance. The film captures the son’s greatest aspiration to make his father proud, while also pursuing his own dreams.   It ends with Kaushik Sen's touching wish for his son's happiness, regardless of the path he chooses. The father's pride remains steadfast, with his legacy rooted not in financial success or career milestones, but in love. "Father's Day is a time to celebrate the enduring bonds and legacies we inherit and cherish. At Senco Gold and Diamond

Silver Jewellery exports also grew 22.47% for April-May   India's gems and jewellery (GJ) sector continues to demonstrate resilience and growth, as highlighted by the latest export performance data for the period of April to May 2024. The overall gross exports of Gems & Jewellery during this period amounted to US$ 4691.58 million (Rs. 39123.07 crores), showcasing a commendable performance.   While this reflects a slight decline of 5.94% (-4.56% in Rs. term), the sector's ability to maintain such significant figures amidst global economic fluctuations underscores its stability and adaptability. In specific segments, while Cut & Polished Diamonds experienced a decline of 15.54% to US$ 2627.09 million (-14.32% to Rs. 21906.44 crores), other categories such as Gold Jewellery (Plain & Studded) and Silver Jewellery witnessed remarkable growth.   Commenting on the performance, Vipul Shah, Chairman, GJEPC said, "India's gems and jewellery sector has shown rem

DMCC member stands at 3,888 & trade reach to US$ 85bn!   Update 1: DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has affirmed its latest drive to attract a new wave of Indian businesses to Dubai following the conclusion of its latest Made for Trade Live roadshow in New Delhi and Mumbai.  Looking to build upon the USD 85 billion non-oil trade corridor between the two countries, DMCC highlighted the role of its district and infrastructure as a platform for Indian companies to expand internationally and unlock growth opportunities.    The UAE’s bilateral trade with India has accelerated in recent years, surging 16% in 2023 after the implementation of the pioneering Comprehensive Economic Partnership Agreement (CEPA). This growth is reflected at DMCC through its growing Indian member company base, which currently stands at 3,888, or 16% of its 24,000 members.    Ahmed Bin Sulayem, Executive Chairman and Chief Executive

Beyond the Tie opt for a gift that He'll remember   He is the man ready to take you on a shopping spree, lend you his credit card, or take you out for dinner when your significant other lets you down! Today's fathers are not confined by the traditional boundaries and stereotypes of the past. They are caregivers, confidantes, and friends.   This Father's Day, it's time to celebrate these multifaceted men with gifts that reflect their diverse interests and dynamic roles. So, skip the predictable and opt for a gift that reflects the enduring strength and the unwavering love of your dad.   For all that they are & all that they do, they definitely deserve some sparkle in their wardrobe as a reminder to who they mean to us. De Beers Forevermark offers a range of men's diamond bracelets, rings, and cufflinks, each meticulously crafted to embody timeless elegance. But what truly sets them apart is that each diamond is inscribed with a unique inscription number ac

  India design gallery display exceptional craftsmanship: GJEPC   The Gem & Jewellery Export Promotion Council (GJEPC) is thrilled to announce the successful conclusion of the India Pavilion and Design Gallery at JCK Las Vegas 2024. The event, held from 31st May to 3rd June at the Sands Expo & the Venetian, has once again demonstrated the exceptional craftsmanship and innovative designs that Indian jewellers bring to the global stage.    The India Pavilion, spread over 4,900 square feet across Level 1 and Level 2 (Passport Section, Diamond Pavilion, Lab-Grown, and Current Sections), hosted 39 esteemed member exporters.  The pavilion attracted significant footfall, with visitors expressing great admiration for the exquisite array of precious metal jewellery, both plain and studded, and the loose gemstones on display. The high visitor engagement underscores the global appreciation for the quality and artistry of Indian jewellery.    Vipul Shah, Chairman of GJEPC, remarked, “T

Attempt to build stronger economic ties   The Gem and Jewellery Export Promotion Council (GJEPC) organised a delegation visit to Latin America from 21st to 29th May 2024. Led by Kirit Bhansali, Vice Chairman, GJEPC, the delegation toured Brazil, Colombia, and Panama to explore markets, boost India’s exports, and build stronger economic ties in the Latin American and Caribbean (LAC) region.   The GJEPC delegation included Anish Birawat, Managing Director, Chain N Chains Jewels Ltd.; Shailesh Sangani, Founder, Priority Jewels; Anilkumar B. Virani, Director, Karp Impex Limited and Partner, Ethereal Green Diamond LLP; and Yash Shah, Partner, The Lalit Gems Co. & President, The Dia Box Inc (US subsidiary of The Lalit Gems Co.). Vipul Shah, Chairman, GJEPC, said, “I am immensely proud of the strides we have made during our recent delegation visit to Latin America. Our engagements in Brazil, Colombia, and Panama have not only showcased the unparalleled craftsmanship and diversity of I

They will focus on industrial quality LGDs   Recently at the JCK LV Show Al Cook, CEO-De Beers said media that the Lightbox factory in Gresham, Oregon, will stop Lab Grown Diamonds (LGDs) of the useful quality for jewellery. He said, they will focus on the LGDs production of industrial quality for technology!    Lightbox Lab in Portland, Oregon, can grow a 1 carat stone in about two weeks, entirely from 100% renewable wind power.  What's more, our state-of-the-art technology can alter the chemistry of the growing process to create lab-grown diamonds not just in white, but also in blue and pink.    Previously just in the May, Lightbox lowers LGDs retail prices by more than a third! De Beers Group’s LGD brand reduces pricing to reflect price declines in the LGD jewellery sector, with prices now starting at $500 per carat.    De Beers Group’s wholly-owned lab-grown diamond jewellery brand, Lightbox Jewelry, announced a permanent price reduction to as low as $500 per carat, from