GJ Town India

  Diamonds & Drums Meets Patriotism & Industry Excellence   In a vibrant display of national pride and solidarity, the Bharat Diamond Bourse (BDB) in Mumbai has kicked off an inspiring, year-long celebration commemorating the 150th anniversary of Vande Mataram, India's revered national song. This monumental initiative follows the directive of Prime Minister Narendra Modi ji, who has encouraged organizations and citizens to honor the legacy of Vande Mataram with enthusiasm and unity.  Grand Gathering: Hundreds Rally for Vande Mataram's Legacy.    Marking the start of the celebrations, over 100 diamond merchants and BDB staff united in an unforgettable demonstration, Men Standing 150 Years; serving as a living tribute to Bankim Chandra Chatterjee, the iconic author of the national song, and the spirit it has instilled in generations.    This striking formation not only celebrated the song's pioneering role in India's independence movement but als...

  CEO & VP roles are rolling in the 2025 management   De Beers Group announced changes to its Executive Committee, with current Chief Operating Officer, Burger Greeff, retiring at the end of the year following three decades of exceptional service. Kevin Smith, currently Executive Vice President, Corporate Affairs & Strategy, will become Interim Chief Operating Officer, while Eirik Waerness, currently Senior Vice President & Chief Economist, will move into the role of Acting Executive Vice President, Corporate Affairs & Strategy, both effective from 1 December 2025.    Burger joined De Beers Group in August 1993 as a Senior Research Officer at De Beers Consolidated Mines. Over his career with De Beers, Burger has held numerous pivotal leadership roles across the business, including Senior Research Manager: Strategic, General Manager at De Beers Marine SA, and Executive Head of Technical & Sustainability. His leadership has spanned technical innovat...

  Some 350 delegates & guests attended the three-day event    The 2025 CIBJO Congress concluded in Paris on October 29, 2025, following the traditional gathering of the CIBJO General Assembly, this time at the headquarters of the Union Française de la Bijouterie, Joaillerie, Orfèvrerie, des Pierres et des Perles (UFBJOP), the host of the congress.    Some 350 delegates and guests attended the three-day event, which marked the start of CIBJO's Centenary Year, with the association having been founded in Paris as a pan-European body in 1926 and transforming into a global organisation in 1961. Many hundreds more viewed the proceedings online, with all sessions being streamed live via the CIBJO Congress website and CIBJO's YouTube channel.  Recordings of each the CIBJO Congress will become available on the CIBJO Congress website within the coming few days. During the General Assembly it was formally confirmed that the CIBJO's Centenary Congress will ...

  The FCDI reflects a measured and stable market landscape in Q3 2025    The Fancy Color Research Foundation (FCRF) announced the results of the Fancy Color Diamond [FCD] Index (FCDI) for Q3 2025.    Following a modest decline in Q2, the index held steady this quarter, with no overall movement across all fancy color diamond categories. Beneath this flat headline, certain sub-categories, particularly within the Pink segment, demonstrated noteworthy increase.    Despite persistent macroeconomic uncertainty, the fancy color diamond market continues to exhibit large pockets of resilience. Prices for most categories moved within tight margins, suggesting ongoing buyer caution but not capitulation. In contrast to broader volatility in the white diamond market, the FCDI reflects a measured and stable landscape in Q3 2025. The overall Fancy Color Diamond Index (FCDI) remained unchanged in Q3 2025, following a 0.5% decline in Q2 and a 0.3% decrease ...

  The IAGES framework covers the entire gold value chain    In India’s highly dynamic gold sector, consumers are increasingly seeking retailers who follow a strict Code of Conduct that offers transparency, trust, and sustainability across the entire gold value chain.  To establish a stringent framework across the industry, the Indian Association for Gold Excellence and Standards (IAGES), a Self-Regulatory Organisation (SRO) established by and for the Indian gold industry, has officially accredited one of Maharashtra’s oldest and legacy jewellery brand Waman Hari Pethe Jewellers (WHP) with its authorised certification.    “Our mission with the IAGES accreditation is to align our local businesses with global standards while addressing the unique needs of the Indian market with a framework that benefits the consumer, retailer and the gold industry at large.    We are delighted to welcome Waman Hari Pethe Jewellers to the IAGES network...

  A larger Piaget gold pendant, adorned with further diamonds...   What is gold without the influence of human touch? After all, it is the artisan's skill that breathes life into it, imbuing each piece with soul, warmth, and sensuality.    More than adornment, Possession evoked the majesty of ancient talismans and amulets: objects bursting with symbolism and meaning. By reimagining these echoes of antiquity, Piaget breathed new life into a tradition where jewellery is not only worn, but experienced. Through this evolution, an ensemble of pendants, bracelets and earrings continue to embrace, but also reinterpret with a contemporary ethos.    Each piece an ode to sophisticated simplicity, it welcomes a flamboyant look that promises versatility, whether stacked or sported individually. The legacy of the House of Gold evolves with each new creation in the Possession collection, yet its core codes remain unchanged: a celebration of Piaget's masterful...

  Don’t just buy gold. Buy SmartGold- rooted in craftsmanship    Ritvaa, a new-age jewellery brand with a legacy rooted in gold craftsmanship, made a star-studded premiere with noted Bollywood actress Sonali Bendre unveiling its SmartGold Jewellery collection at a glittering launch event held at the Intercontinental, Mumbai.    The evening saw the launch of Ritvaa’s elegant line of SmartGold Mangalsutras, designs that beautifully blend timeless traditions with modern sophistication. Each piece celebrates the strength, grace, and individuality of today’s woman, for whom tradition is not a constraint but an expression of self.    For centuries, the mangalsutra has been more than an ornament it is a sacred symbol of love, trust, and commitment. With Ritvaa SmartGold, this eternal sentiment finds a new voice — lighter in feel, versatile in design, and enduring in beauty. Welcoming guests at the event, Hanissh Jaain, Co-founder of Ritvaa, shared...

    Delivered organic revenue growth of 6% despite the turbulent!    In Q3 2025, Pandora delivered organic revenue growth of 6% despite the turbulent macroeconomic backdrop. The organic growth comprised of like-for-like (LFL) growth of 2% and network expansion etc. of 4%.  LFL growth in the US and Rest of Pandora remained robust at 6%. Overall LFL growth in Europe was    -1% with the four European markets disclosed separately weighing on growth and offsetting the solid growth in several other countries, such as Spain, Portugal and Poland.    The gross margin remained strong at 79.3% despite 280bp of headwinds from foreign exchange, commodities and tariffs (80.1% in Q3 2024). The Q3 2025 EBIT margin landed at 14.0% as expected. The margin declined by 210bp Y/Y reflecting a significant 380bp headwind from foreign exchange, commodities and tariffs. Reported EPS growth in Q3 2025 was -14% (+5% in constant currency), in line with expectations...

  Urged to PM to prepare White Paper on Gems & Jewellery Sector   Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), was invited to attend the meeting organised with selected representatives of various industry sectors that contribute majorly to India’s merchandise exports chaired by Hon’ble Prime Minister Shri Narendra Modi at New Delhi, on 3rd November 2025. Kirit Bhansali was representing the Gems & Jewellery sector that contributes 7% to India’s Merchandise Exports.    The meeting was convened to seek inputs from leading export sectors on measures to strengthen India’s competitiveness in global trade. Utilizing the opportunity to speak at the occasion, Bhansali presented key Policy Reforms on behalf of the gems and jewellery sector, which contributes US$30 billion in exports, US$85 billion in domestic sales, and provides direct employment to over 42 lakh people across India.    He thanked the Hon’ble Prim...

  GJEPC & AAICLAS deliberate on expanding domestic cargo facilities   According to the sources, Ajay Bhardwaj, CEO of AAI Cargo Logistics and Allied Services Company Limited (AAICLAS) had inaugurated the In-Line Baggage Handling and Scanning System (ILBHS) on 29 October 2025 at Surat International Airport.   In the row, Ajay Bhardwaj also attends the scheduled meeting with Gem & Jewellery Export Promotion Council (GJEPC), Southern Gujarat Chamber of Commerce and Industry (SGCCI) & stake holders. Export players & Stakeholders raised the need to set up an international cargo terminal from Surat International Airport. Exports, Trade & Commerce representatives updated Ajay Bhardwaj about the export scope including diamonds & jewellery and the need of international cargo. Ajay noted the stake holders’ suggestions to initiative the setting up an international air cargo facility.    Initially, t he Union Cabinet chaired by the Prime Mi...