GJ Town India

The customs duty reduction to benefit domestic jewellery manufacturers   In the Reaction, All India Gem & Jewellery Domestic Council (GJC) officially said on the Union Budget 2024-2025 that presented by Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman!   In the row, Saiyam Mehra, Chairman, GJC said, "The reduction in the basic customs duty on gold and silver to 6% and on platinum to 6.4% is a commendable move by the government. This was a long-standing demand from the All India Gems & Jewellery Domestic Council, which represents the entire gems and jewellery industry.   The customs duty reduction will benefit domestic jewellery manufacturers, especially small and medium enterprises, encouraging them to transition gradually to the formal channel. Additionally, the Finance Minister has also increased the scope of working capital loans to SMEs and MSMEs, which will help these units expand their businesses in the future.  The extensi...

Opaque GJ Trade & Commerce pushes a reluctant Bank financing   All India Gem & Jewellery Domestic Council (GJC) organised first of its kind one-day Gem and Jewellery (GJ) Banking Summit presented by the World Gold Council (WGC) presented at Jio World Convention Centre, Bandra Kurla Complex, Mumbai, on the 18th May 2024.   The Summit was attended by leading Indian government and private bankers engaged directly or indirectly in the gold financing business. The Summit was powered by Yes Bank, Shree Kunj, Kolkata, and supported by Bangalore Refinery, Mukti Gold and Diamond, and Laxmi Diamonds India Ltd.   More than 200 delegates participated in the summit, with experts discussing the financing needs of the industry for a comprehensive growth of the entire value chain from bullion dealers to karigars, craftsman, manufacturers, wholesalers, and retailers. Speakers also deliberated about the risk management facilities available for Indian jewellers, and challenge...

Labham is an educational programme!   Recently the Labham Seminar concluded on a very high note in Kalyan, was organised by the GJC. Along with the Labham Seminar, GJC also organised GJS Jewellers meet. In the meantime; GJC also concluded.    Yet another successful GJS Jewellers Meet organised along with Labham Seminar concluded today at Thane. The jewellers’ sentiments are high and have assured their full support towards the upcoming GJS July show.    An interactive Labham Seminar held along with GJS Jewellers Meet successfully concluded at Dadar. The jewellers participated actively in the discussions and also showed their support towards the upcoming GJS Show. The Jewellers stated that "For 17 years GJC has done tremendous amount of work for the industry and it is now their turn to give back by supporting only GJC for its upcoming events". Existing exhibitors increased their number of booths and also received new participations for the upcoming show....

GJS hosted 16K visitors & concludes with a successful note!   All India Gem and Jewellery Domestic Council (GJC), the apex industry body representing the jewellery sector in India organized its first-ever mega B2B expo; India Gem & Jewellery Show, GJS 2022 which turned out to be a great success. The expo was held from 3rd to 6th April at Jio World Convention Centre – JWCC Mumbai. The four-day event was graced by Nitin Gadkari Ji, Union Minister for Road Transport & Highways, Govt. of India; Shri Raosaheb Danve Ji, Minister of State for Railways, and Singer Anup Jalota.   The event witnessed footfall of more than 16000 visitors from across India as well as foreign nations. The show had over 600 exhibitors with 1277 booths. Educational seminars along with trend talks by prominent leaders from the industry added tremendous value to the whole mega B2B trade expo.   Speaking about the success of the show, Ashish Pethe, Chairman, All India Gem and Jewellery Domest...

Nitin Gadkari graces the GJS 2022 on day 2 Nitin Gadkari, Union Minister for Road Transport & Highways, Government of India, graced the India Gem & Jewellery Show (GJS 2022) on the second day at Jio World Convention Centre. He powerfully showed confidence and trust in the jewellery industry for India’s vision for achieving the goal of USD 5 Trillion Dollar Economy.   All India Gem and Jewellery Domestic Council (GJC), the Apex industry body representing the jewellery sector in India as a trade federation of over 3 lakh gems and jewellery ventures is celebrating the Indian Jewellery fraternity with their B2B Expo at Jio World Convention Centre in Mumbai. The theme of the Expo is centered around supporting Product Launches and Trend Discoveries, keeping in mind the growth in demand of the sector. Spanning over 4 days, over 600 exhibitors with 1277 booths and more than 12,000 registered visitors the show is all set for a roaring success.  The educational seminars with...

Seeks pro-consumer initiatives   All India Gem and Jewellery Domestic Council (GJC) through its Budget recommendations seeks pro-consumer initiatives such as reduction in GST rate on jewellery to 1.25%; increase in PAN Card limit and cash limit & EMI facility for rural and semi-urban India.  The industry is identified as one of the stress sectors in KV Kamath’s report in 2020.   Post the impact of Covid’s first and second wave in 2020 and 2021 respectively, the Gems & Jewellery industry was on the recovery route, however, the fear of the new virus variant Omicron looms large and there are talks of restrictions and additional curbs.  India’s gem and jewellery business and allied businesses continue to suffer and face the brunt of the pandemic for nearly two (2) years now. Business has been slack due to lockdowns and curbs on retail sector; customers are not spending much on jewellery; and the MSME jewellers, craftsmen and artisans who comprise the bulk of ...

https://www.youtube.com/watch?v=jokPxttEkho&t=9s Jewellery Market inaugurated in Mumbai, u nder the auspices of GJC & IBJA leaders with Founders and Directors of select Industry entities The scheduled debut issue of the JEWELLERY MARKET- India's first multilingual Fortnightly News Tabloid-Gujarati Edition launched. It has been proposed to be published in Hindi & Gujarati language fortnightly is of The New Jeweller (TNJ) International Media Group.   Jewellery Market inaugurated in Mumbai, under the auspices of GJC Vice Chairman, Mr Saiyam Mehra, IBJA India Secretary, Mr Surendra Mehta, along with founders and directors of select Industry entities including Shringar, Payal Gold & Shine Shilpi in Zaveri Bazar. Jewellery Market is India’s first of its kind fortnightly News Tabloid in Gujarati as well as Hindi language to enable reach out to over 80% of Jewellery Industry members who trade in the said language.  The intention of launching Jewellery market is to eq...

An educational seminar for jewellers in Kolkata Maiden GJS B2B show is s cheduled during 24th to 28th June 2021   All India Gem and Jewellery Domestic Council (GJC), the apex trade body of the gems & jewellery industry, organized the 73rd edition of ‘Labham’ an educational seminar for jewellers in Kolkata on 11th February 2021 at The Westin Hotel, Rajarhat. The event presented by World Gold Council, powered by Gemological Institute of America, Commodity Exchange Partner – NSE and supported by KNC.   The focus for this edition remained on Prevention of Money Laundering Act, Goods & Service Tax (GST), guidelines pertaining to hallmarking, business development amongst the key issues to be discussed. CA Bhavin Mehta and Vijay Soni remained as the speakers for this session.  In the presence of various industry stalwarts and Kolkata’s local jewellery association, members of the GJC board, Zonal council members felicitated for their contribution in the year 2020 – 20...

Roadshow for the 66th BGJF in 2021 held BGJF to be held from 23-27 February 2021   Thailand’s Ministry of Commerce, Department of International Trade Promotion (DITP) with support from Thailand’s gem & jewelry delegates and the Thai Trade Centre, Mumbai, conducted the “Silverline Trade from Bangkok to Bombay Roadshow” for the 66th Bangkok Gems & Jewelry Fair (BGJF) to be held from 23-27 February 2021 in Bangkok for a very selective group of leading Indian jewellers.   Thailand’s Ministry of Commerce is celebrating its 100th anniversary in 2020 and unveiled Thailand’s Magic Hands global campaign aimed at gaining international recognition for the Thai gems and jewellery industry.   The DITP presented a magnificent Thai silver jewelry fashion show “The Silverline Trade from Bangkok to Bombay” supported by Thai Silver Exporters' Association (TSEA) that showcased six brands namely Marvel Jewelry, Karen Silvery Design, Nakorn Gems, J. C. Jewelry, Patanaanunwong ...