GJ Town India

  Debuts two exquisite festive collections - Sol and Luna   CaratLane - A Tata Product, India’s leading omnichannel jewellery retailer, simultaneously marked the debut of two exquisite collections; Sol & Luna, inspired by nature’s celestial wonders in their truest and most brilliant form. The collection launches, perfectly timed for the auspicious occasions of all the regional New Years and Akshaya Tritiya, beautifully capture the significance of new beginnings with their intricate designs.   Saumen Bhaumik, CEO & MD – CaratLane, remarked, “At CaratLane, we’re committed to making stunning jewellery. This festive season, we’re bringing 2 distinct collections - Sol and Luna, deeply symbolic of blending celestial grandeur embraced with prosperity and auspiciousness.  Sol, the dawn of your brilliance is a tribute to new beginnings and endless possibilities. Inspired by the moon’s ever-changing beauty, Luna is a tribute to every phase of you. These collect...

  Corporate retailers continued their aggressive store expansion   Recently, Kavita Chacko, Research Head, India-World Gold Council published India's gold market update, Rally and demand realignment! Where she said, Stronger quarter for corporate retail jewellers!   Earnings reports from leading jewellery retailers for January-March quarter point to a strong performance, with average revenue growth up 25–35% y/y. This was largely fuelled by wedding related demand, festive buying, and a noticeable consumer shift toward gold – both as an adornment and a store of value.   While high gold prices tempered demand at the lower price points, the premium segments remained fairly resilient. Average transaction values reportedly rose by 15% to 20% y/y. Also, there was an uptick in old gold exchanges, which contributed to overall sales volumes. Corporate retailers continued their aggressive store expansion strategy, adding 10 to 30 new outlets during the quarter and ...

  AI-Based Diamond Paternity Testing at the BDB The Diamond Exporters’ Association Limited (DEAL), in collaboration with the Bharat Diamond Bourse (BDB), organized an insightful seminar on Artificial Intelligence-Based Diamond Paternity Testing at the BDB Convention Hall, Bandra Kurla Complex, Mumbai.    As artificial intelligence continues to transform industries globally, its application in the diamond sector has become increasingly significant. The seminar addressed the vital role AI now plays in ensuring authenticity and traceability within the diamond value chain — a topic of great relevance in today’s evolving technological landscape. The keynote speaker for the event was the esteemed Janak Mistry, an internationally recognized, Diamantaires Scientist, Mistry holds a BE (Mechanical) and DGA-GAGTL (London), and currently serves as the Managing Director and CEO of the Lexus Group of Companies, Surat.    With a passion for innovation and over three dec...

  Indians will continue to purchase gold this Akshaya Tritiya   As gold is moving high with big ticket and Akshay Tritiya is at our doorstep! In the scenario Sachin Jain, Regional CEO, India, World Gold Council expressed on account of Akshay Tritiya, “Gold purchases have traditionally been an integral part of Akshaya Tritiya celebrations for millions of Indians, symbolising prosperity and good fortune.   We are currently witnessing, sky rocketing gold prices - gold’s era. This year marks a significant period for gold, with global prices increasing by 25% since January and reaching a record high of USD 3500 per ounce.    In India, gold prices have hit historic highs of Rs 1 lakh per 10 grams, reinforcing the belief in the yellow metal. Gold’s status as a safe haven is at an all-time high, and it is anticipated that Indians will continue to purchase gold this Akshaya Tritiya regardless of price fluctuations.    Industry feedback suggests...

  An opportunity for buyers to secure investments ahead of festive   At the moment when gold price reached ₹10,000 per gram for 24K, All India Gem and Jewellery Domestic Council (GJC), issued their optimistic note on Monday, 23 April, as gold has become a dearer for any good investment portfolio.   At the juncture, Rajesh Rokde, Chairman-All India Gem and Jewellery Domestic Council (GJC) said, Gold prices in Mumbai are soaring, with 24K gold at ₹10,000 per gram and 22K gold at ₹9,290 per gram. Predictions for gold to reach $4000 globally highlight sustained demand driven by investment buying and government interest.  Temporary corrections and profit booking have occurred but haven’t slowed the bullish momentum. India’s gold imports climbed to 802 tonnes in 2024 from 741 tonnes in 2023, reflecting strong market activity despite occasional dips. Jewellers are enticing customers with attractive offers, especially during the wedding season and ahead of Akshaya Tr...

  Concluding an inclusive trade agreement aims mutual gain   According to the media report & EBN, U.S. Vice President JD Vance hailed, very good progress; on the U.S.-India trade deal during his visit to India, confirming that both countries have finalized the terms of reference for the bilateral trade negotiations. This milestone sets a clear roadmap toward concluding a comprehensive trade agreement aimed at increasing market access, reducing tariffs and non-tariff barriers, and fostering long-term economic benefits for both nations.   Vance emphasized the importance of enhanced collaboration in sectors such as defense, energy, and technology, urging India to increase purchases of U.S. defense equipment and energy products. He described Indian Prime Minister Narendra Modi as a tough negotiator- who drives a hard bargain but praised the constructive engagement between the two countries. The trade deal is expected to help mitigate the impact of tariffs, includ...

Presenting more than a symbol of beauty of Forevermark diamond   Celebrated for ushering in prosperity, success, and auspicious beginnings, Akshaya Tritiya is one of the most significant days in the Hindu calendar. This year, it falls on April 30, 2025. Believed to bring lasting good fortune, it is a time when intentions take root and blessings multiply- making it the perfect occasion to mark with something meaningful and enduring. As traditions evolve to embrace modern interpretations, Forevermark invites you to celebrate this special day with exquisite diamond jewellery.    Trusted and timeless, natural diamonds by Forevermark offer a fitting tribute to the spirit of the day. Every Forevermark diamond is rare, responsibly sourced, and inscribed with a unique number that guarantees authenticity and trust. More than a symbol of beauty, these natural diamonds embody strength, purity, and enduring commitment—carrying emotional significance that transcends the moment...

  Alrosa holds 41% share & has been working since 1992   The deal on sale of a share in Russia’s diamond producer Alrosa in the Angolan project Catoca may be closed this month, Deputy Finance Minister Alexey Moiseev said. The deal has not been closed yet, he noted. "[It] will be closed this month," Moiseev told reporters. Alrosa has been working in Angola since 1992. It holds 41% in the Catoca mining holding (another 41% is owned by the Angolan state company Endiama, 18% is held by the international holding LL International Holding B. V.).    Catoca is the largest kimberlite pipe in Angola and the world’s fourth-biggest diamond mine in terms of deposits and diamond mining. Every year around 6.8 mln carats of diamonds are mined there.    Moiseev said earlier that Alrosa would quit the Catoca project, while the Angolan side believes that the participation of a Russian company as a shareholder hinders development of business as many market participant...

The next potential milestone for gold could be around $3500   Recently, Dr. Renisha Chainani, Head- Research, Augmont - Gold for all, said in her weekly Blog that, gold prices reached a record high of $3397 (~Rs 96747) on exchanges and nearly Rs 1 lakh in the spot market after adding 3% GST. Concerns over global economic growth as a result of the escalating Sino-U.S. trade war are driving the rise, with a weaker dollar adding to the momentum.  Fundamentally, markets are pricing in increased geopolitical risks, fueled by U.S. trade tensions and stagflation concerns, while persistent central bank demand adds to price pressures. On April 2, US President Donald Trump imposed "reciprocal tariffs" on dozens of countries, and while his administration has suspended duties for some, it has escalated its trade war with China.    China cautioned countries on Monday not to strike a bigger economic deal with the United States at its expense, a move Trump is allegedly looking ...

  Joins this year’s theme, Unite to Ignite: Fire Safe India   Every year, 14th to 20th April is marked as Fire Service Week across India, paying heartfelt tribute to the brave hearts who have laid down their lives in the line of duty—protecting people, property, and our cities from the fury of fire. This year’s theme, “Unite to Ignite: Fire Safe India,” resonated with powerful energy as Maharashtra’s fire safety initiatives set the city ablaze with awareness, action, and admiration.     The Mumbai Fire Brigade and the Directorate of Maharashtra Fire Services led this vital week with a range of informative, educational, and hands-on activities to strengthen public and institutional preparedness. Among the many institutions that stepped up with remarkable enthusiasm was the Bharat Diamond Bourse (BDB)-Diamond Centre of the World, proving once again that Fire Safety is not just a Responsibility, but a Commitment deeply embedded in their Culture.   Bharat Diam...

  Pays tribute to a man in whose shadow we could proudly walk   At the mourning, Gaetano Cavalieri, CIBJO President expressed, when earlier this morning the peaceful silence of Easter Monday was suddenly broken by the sound of church bells ringing, I, like many Catholics around the world, instinctively understood that they brought news of the passing of our Holy Father, Pope Francis. This day was not unexpected. He had been desperately ill of late, but just a few weeks ago was released from hospital, and we had hoped that he would convalesce and get to spend more time among us.   And so ends an era and the life of a remarkable man, who used his special stature and moment in time on the world stage to look out first and foremost for the many who society often does not see, those less fortunate members of humanity, who contribute greatly to our success but frequently do not fully share its bounty. I was privileged on several occasions to be in the Pope’s presence, a...

  Emeralds in Full Bloom collection draws inspiration   This spring, we joined forces with Mohar Fine Jewels. Zambian emeralds are at the centre of the Emeralds in Full Bloom collection, with each design carefully crafted to highlight the unique characteristics and beauty of these verdant gems. With a legacy spanning three generations, Mohar Fine Jewels – founded by couple Nakul and Priyanka Jain – is dedicated to expertly curating the finest natural gemstones and crafting them into breathtaking works of art.  Combining meticulous attention to detail with a commitment to excellence, its craftspeople bring each design to life, marrying traditional techniques with innovative flair.    Emeralds in Full Bloom draws inspiration from lush, verdant forests and vivid, brilliant emeralds, all the while celebrating the beauty of the natural world.  Featuring striking modern pieces, this emerald collection offers earrings and necklaces alongside bracelets and ring...

  Antwerp Diamond Federation Welcomes EU Decision   The Antwerp World Diamond Centre (AWDC), the industry organization representing all Belgian diamond companies, has expressed relief and satisfaction following the European Council’s decision not to impose import tariffs on polished diamonds originating from the United States, as part of its package of countermeasures in response to the U.S. tariffs imposed by President Trump. European import tariffs could have caused significant harm to Belgium’s diamond sector, without meaningfully impacting the U.S. in return.    “We are extremely pleased and grateful that our efforts over the past weeks have led to the European Council’s decision not to impose tariffs on U.S. diamonds,” said Karen Rentmeesters, CEO of AWDC. With an annual trading value of $3.9 billion in polished diamonds representing around 16% of Belgium’s total diamond trade, the US is a key trading partner for the Belgian diamond industry.  “It i...