GJ Town India

Though many jewellers reported growth in 2020!   Following Dusshera 2020, jewellers were eyeing  upon another largest occasion for jewellery buying. De facto fraternity worked hard to ensure Dhanteras sales. Buyers celebrated the festival and carried on jewellery buying amid all those safety norms for Covid-19. They pushed up jewellery sales yet over all the sales could not reached to the overall sales of 2019, It is estimated a short by 10% YoY (Year over Year.)   Although many reported and claimed a growth of 10% to 30% in this Dusshera over the previous year yet the overall ground reality could not draw a conclusion of such growth! Let’s learn through direct expression of key jewellers’ pan India. Aditya Pethe, Director, WHP Jewellers said, “Looking at the day so far, we can say that it has been very good. This Dhanteras is looking very promising in terms of what we had initially expected. As far as the sales are concerned we’re confident that we’d do as well as la...

  Lala Jugal Kishore Jewellers brings 4th store   This festive season, Lala Jugal Kishore Jewellers launched their 4th store in the heart of Bhootnath market of Indiranagar, Lucknow. The store was launched on 1st November, capturing the ethereal beauty of the jewels that display royalty at its best.   The collections displayed at the store celebrate the grandeur of the impeccable workmanship that has been proudly crafted by the house of Lala Jugal Kishore Jewellers for generations. The store was launched by the 11th generation Director Arpit Rastogi, and Tanya Rastogi, Director, Lala Jugal Kishore Jewellers.   The newly launched flamboyant store aims to offer its customers a holistic retail experience with their elegant jewellery. The latest store continues its legacy of providing its customers superior quality services, raising the bar with their everlasting, eternal creations and enticing estate jewellery masterpieces.  Their range extends from jewellery...

  Now all eye on jewellery buying at Diwali days!   Over all Covid-19 pulled down Dusshera 2020 jewellery sales! Looking at the report from pan India where some of the zones have registered just 37% of jewellery sales compare to the previous year, Dusshera while western part of India attained around 65% of jewellery sales compared with the Dusshera 2019. Over all pan India Dusshera jewellery sales estimated of about 50% to the previous year Dusshera 2019! In the row, Aditya Pethe, Director, WHP Jewellers said, “The Dusshera has started well. So far it is very encouraging. Consumers are betting more on gold Jewellery as compared to light weight Jewellery. Surprisingly the sales have been very good and we expect till the end of the day we may do sales just like last year.” On the other hand, Ishu Datwani, Founder, Anmol expressed that, “There have been few sales and clients since morning.  Today being a Sunday we expect clients to come post 3 to 4 pm. The trend of the las...

A transparent trading market required! Jewellery fraternity on Budget 2019-20 Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman announced her Union Budget 2019-20 proposals and in the context gem & jewellery fraternity reacted over the Budget proposals. Let’s learn choicest views at the juncture! Somasundaram PR, Managing Director, India, World Gold Council: “Import duty hike on gold from 10% to 12.5% will negatively impact India’s gold industry. This will impede efforts to make gold as an asset class particularly when gold prices are already rising globally. In addition, the grey market will thrive which will dilute efforts to reduce cash transactions. Millions of Indians invest in gold as part of their household savings, not simply as discretionary spending for consumption. People buy gold as a long-term investment to protect their wealth and gold also has huge significance socially, emotionally and economically in India. An incre...

Tanya Rastogi’s Power Cuff Girls edition Jewellery connoisseur Tanya Rastogi launches the Power Cuff Girls edition for Lala Jugal Kishore Jewellers, a range of statement cuffs which pays an ode to all the modern girls who are bringing a wave of change in the society. This edition comprises of cuffs curated in 18K Rose gold with motifs inspired from daintiness of power girls of today and includes floral, heart shaped diamonds showcasing their charisma. The edges of various diamonds in a variety of cuts and settings represent the girls who live their lives on the edge. Furthermore, Drop shaped diamonds symbolize tear-drops of joy of a goal getter who has made several sacrifices in the man’s world experiences on paving her own path.  This collection is ideal for all the Power Cuff Girls who are strong, courageous and beautiful and rise by lifting others. This collection can best be adorned on party gowns or a casual dress at an evening soiree. The Power Cuff Edition ...

Virtually every jeweller has Scheme, offer & new collection! Virtually every jeweller has announced various scheme, offer and has showcased a fresh collection to celebrate the Akshay Tritiya 2019. It is true that “people like festivity!” And this the right time for jewellers to catch every festive occasion! Before drawing any conclusion let’s view the expressions of vibrant jewellery fraternity! According to Aditya Pethe, Director, WHP Jewellers, “We are anticipating a good demand this Akshay Tritiya with an expected increase of 5-10% in sales this year. As the gold prices have increased, we feel it will reinstate the consumer’s faith into the category.  Gold Earrings, Necklaces and Bangles in light weight contemporary settings will continue to be the bestsellers!” Another player Ishu Datwani, Founder, Anmol says “The sales graph is on an uptrend & the consumer buying sentiment has been good since Gudi Padwa. There has been a good demand for small & bi...

Tanya launches the Power Cuff Girls edition   Jewellery connoisseur Tanya Rastogi launches the Power Cuff Girls edition for Lala Jugal Kishore Jewellers, a range of statement cuffs which pays an ode to all the modern girls who are bringing a wave of change in the society. This edition comprises of cuffs curated in 18K Rose gold with motifs inspired from daintiness of power girls of today and includes floral, heart shaped diamonds showcasing their charisma. The edges of various diamonds in a variety of cuts and settings represent the girls who live their lives on the edge. Furthermore, Drop shaped diamonds symbolize tears drops of joy of a goal getter who has made several sacrifices in the man’s world experiences on paving her own path! This collection is ideal for all the Power Cuff Girls who are strong, courageous and beautiful and rise by lifting others. This collection can best be adorned on party gowns or a casual dress at an evening soiree. The Power ...

Tanya celebrates return of Karnaphool with a Flora Fauna Edition Jewellery connoisseur and curator, Tanya Rastogi, known for her creations under Karnaphool, brings a fresh Flora Fauna Edition of danglers. This elegant ensemble comprises of traditional yet contemporary earpieces which is an ode to the true magnificence of nature’s beauty. Inspired from the modern woman who synchronously carries daintiness and edginess with ease, Flora Fauna Edition is crafted. This floral inspired intricate range consists of earrings that have been carved out using 18K rose, yellow gold, and is studded with fine cut and uncut diamonds. In addition, gemstones such as emerald, turquoise, pearls, and blue sapphire exude the vibrancy of myriad of colours which engulfs nature.  Furthermore, the leaf and floral motifs seen in a few pieces accentuates the true beauty of Nature.  This elegantly created earring range is ideal for the modern day Indian woman who likes t...

Put your partying foot forward with Diamond Earrings Put your partying foot forward with your office bffs with the latest diamond dangler edition curated by Jewellery Connoisseur Tanya Rastogi for Lala Jugal Kishore Jewellers. Crafted in 18K gold the edition plays with various tones of the metal including yellow, white and rose. The edition is studded with purest of fine cut diamonds along with emeralds, blue sapphires and rubies. This edition is meant for the working women who effortlessly woo the party circles after a long day at office. Diamonds of various shapes and sizes do the talking here. Rose gold encapsulates the foliage motifs in some of the pieces and at times accentuates the beauty of diamonds, giving the look of shining snowflakes at night. Emeralds and sapphires ooze out glamour and stand out in the quirky shell-like designs, boosting the shine of the tireless and zestful woman. This glowing diamond collection is sure to transform a corporate ...

Many jewellers & segments fetch over 15% sales YoY This Dhanteras remain a classic case of demand & supply. Initially no jewellers had expected any growth at the festive. Later all of the sudden market sentiments get changed and many leading had expected the Dhanteras to grow over 20% by adding wedding season advantage! Yet over all the Dhanteras grew over 7% only pan India YoY.   Mr Nitin Khandelwal, Chairman, All India Gem and Jewellery Domestic Council (GJC): “This Dhanteras has been better than our expectation. The sales have seen a positive figure as compared to last year and we have experience over 7-10 percent higher jewellery sales compared to last year Dhanteras. This festive season followed by a long wedding season is going to contribute substantially in sales. The consumers are witnessing new promotions and attractive schemes across India by Jewellers, thus giving a win-win situation for both.” Mr Saurabh Gadgil, Chairman and Managing Direct...

Good endeavour to halt CAD & To support the Make In India Craftsmen & Artisan would benefit! Recently by a notification government hiked up import tariffs on 19 items where about six items are related to GJ (Gem-n-Jewellery) industry & trade. It is to be noted that, the items are, 1: Non industrial diamond (other than rough diamonds), i.e., cut and polished diamond, 2: Diamonds-semi processed, half cut or broken, 3: Lab grown diamonds, 4: Cut and polished Colored gemstone, 5: Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal & 6: Articles of Goldsmith or silversmith wares and parts thereof of precious metal or of metal clad with precious metal. Now, industry leaders & players have reacted & casted their feedback on the tariff hike! Here are the choicest expressions! Aditya Pethe, Director, WHP Jewellers said, “This is a welcome move as it will discourage Indian retailers from importing...