GJ Town India

Recent Import Duty Hike to Strengthen Jewellery Manufacturing in India A step towards establishing Brand India jewellery! The government recently increased the customs duty on categories of diamond such as semi-processed, half cut or broken, and cut and polished coloured gemstone to 7.5 per cent, from 5 per cent earlier, and increase in import of jewellery articles from 15% to 20% in a move to narrow the current account deficit (CAD). Mr Pramod Kumar Agrawal, Chairman, The Gem & Jewellery Export Promotion Council (GJEPC) said, “GJEPC welcomes the step undertaken by the government to narrow the current account deficit. Welcoming the Increase in import duty on jewellery from 15% to 20% by Chairman GJEPC said “this move would not only help the sector strengthen jewellery manufacturing in India but also give a boost to Jewellery exports from India, a step towards establishing Brand India jewellery”. Mr. Agrawal said, “The import duty increase in cut and

Beauty of designs introduces Collection with Swarovski Zirconia Zar, formerly known as RG Bangle, was founded in 1950 and focussed on manufacturing handmade bangles. In 2007, the third generation entered the family business and introduced CNC machines to the bangle industry, consequently changing the face of the game. Zar officially launched as a brand in 2012. In 2018 Zar has become a proud brand partner of Swarovski and launched exclusive collection with Swarovski Zirconia. Today, Zar takes great pride in its world class facility of 17,000 square feet, in Mumbai, manufacturing bangles, bracelets & rings with Swarovski Zirconia. Zar has always been ahead of its time when it comes to having an esteemed customer base. It is this trust, bestowed upon us, that drives us each day to deliver on our promise of manufacturing best-in-class products.

Overall increases 2.5 to 5% duty on GJ items! Tariff measures taken to curb The imports of non-essential items In an endeavor  to strengthen Indian Rupee & to halt a growing CAD issue, the Union Government has taken a decision to hike up the Import duty on choicest 19 items. Out of these 19 items about six items are related to GJ (Gem-n-Jewellery) Industry & trade. The Central Government has taken tariff measures, by way of increase in the basic customs duty, to curb import of certain imported items. These changes aim at narrowing the current account deficit (CAD). In all the customs duty has been increased on 19 items, here are six which is related to GJ Industry & Trade: S. No. Item Tariff code (HSN) Basic customs duty From To 1 Non industrial diamond (other than rough diamonds), i.e., cut and polished diamond 71 5 7.5 2 Diamond

PGI celebrates New Campaign from Daughter’s Day Society is constantly evolving and progressing. The expectations we have of each other, the way we relate to one another, we find often ourselves in a state of evolution. At the centre of this is the daughter of today. She’s modern, independent and strong-willed, who in her own unique way, will make the choices she needs to so she can always be the best version of herself and redefine the world around her. Platinum Evara in its Daughter’s Day campaign celebrates this new-age daughter and pays tribute to her rare qualities that drive her to make these rare choices. One such daughter is captured in a lead film that is live on digital platforms of YouTube, Facebook, Instagram and the like, from 22nd Sept 2018. This daughter is a perfect example of a daughter of today – secure, spirited, confident. Even when her choices are rare or difficult, this confidence holds good. No wonder she has commanded the respect of her new f

Aisshpra celebrates the latest edition Luxury Jewellery House, Aisshpra Gems & Jewels celebrates demure of an Indian bride with the latest edition of Nazakat Collection where each piece pays tribute to her femininity. These selections of elaborate 22k gold chokers and earrings have been subtly enhanced with meenakari and Jadau karigari that gives a graceful finesse.   Curated in red and antique hues, the collection boasts a variety of stunning bridal pieces. Intricate designs are the crux of this statement collection where beautiful crescent, conical, floral and spiral motifs are a visual delight.  Some of the danglers have chandelier-inspired layers on them while other earrings resemble Indian noble battle crowns. Aisshpra Gems & Jewels has displayed extraordinary imagination in contrasting criss-cross net-like patterns with gold floral meenakari work, whereas the radiance of the Sun is also etched around a circular pattern in some pieces. One can’t h

Karan Kothari Jewellers embarks the wedding season with mesmerizing range of Bridal Baubles crafted in 22k yellow gold. Every piece of the collection is handcrafted to perfection in the yellow metal where some are infused with precious gemstones and Jadau karigari. The heart-warming range is curated for the traditional Indian bride who appreciates culture and aspires to embark new beginnings with the auspicious yellow metal that stands for purity.  The collection brings a variety of designs in dainty natural motifs where each design strikes balance in asymmetry. Some of the pieces bring refined Jadau karigari on one side that beautifully contrasts with the understated elegance of filigree designs on the other side. Carefully crafted for the modern bride with variations in design, the confluence of this contrast ends at a gemstone or pearl drop dangling on the jewel.  The range also flirts subtly with layers where each layer brings a unique traditional motif to li

A round table of debate, Visio.Next: Trends on day 1 Numerous events, organized by leading Italian and International exhibitors among others, will be staged at Vicenzaoro The Jewellery Boutique Show September– Italian Exhibition Group’s splendid European trade show specifically for international Gold and Jewellery, scheduled to take place in Vicenza from 22nd to 26th September 2018. A calendar of events that has becoming fuller by the day. On the opening day of the September edition of Vicenzaoro will be Visio.Next:Trends, one of the most awaited events featuring a round table of debate on the future of jewellery, to be held on Saturday 22nd September (10 am, Sala Tiziano HALL 7.1). Specifically, the most authoritative key players on the global market will be discussing the jewellery world’s latest trends, consumer modalities and the market situations destined to leave a mark. To mention just a few of the events programmed, at 4.30 in the afternoon of Saturday 22nd

Alrosa presented the results of its Global luxury and jewelry market research In Q2 of 2018, sales of decorative jewelry increased in all of the world's key regions, except for India. The average global growth rate was some 5% higher than during the same period last year. Notably, in the Asia Pacific, the figures were as high as 17%. The positive dynamics resulted from the continuing expansion of various local players, made possible by the mounting demand for diamond-based jewelry in continental China. Another factor that made sales more stable was the improvement of tourist traffic in Hong Kong and Macao. In other key regions (North America, Europe, and Japan) the sales boost fluctuated between 3% and 5%. It bears pointing out that the rise of diamond jewelry sales in North America and Japan (+5% and +3% respectively) has been accompanied by significant demand spikes among the local population, which drive most of the sales. In India, jewelry sales (in dol

Love Conquers All: The AI ‘ 愛 ’ Diamond 5-carat fancy vivid blue diamond and diamond ring Exhibition: 28 September-2 October, Auction: 3 October On 3 October, Sotheby’s Hong Kong Magnificent Jewels and Jadeite Autumn Sale 2018 will present unique contemporary creations alongside phenomenal gems from nature. Headlined by the Ai (‘ 愛 ’) diamond, a rare and important 5-carat fancy vivid blue diamond and diamond ring (Est. HK$98-120 million / US$12.49 – 15.29 million), the season also features a spectacular pair of fancy vivid yellow diamond earrings of ingenious designed, and an important jadeite bead and diamond necklace. Enthusiasts of contemporary designs will be impressed by a selection of masterworks created by celebrated Asian contemporary designer Wallace Chan. A stunning selection of Red Carpet necklaces by such famed jewellers as Van Cleef & Arpels and David Morris, as well as a vintage Bulgari suite will also be offered this season. Chin Yeow Quek,

#BetterHalfWithinMe  Forevermark, the diamond brand from The De Beers Group of Companies, has launched the ‘The Better Half Within’ Campaign, a reflection of the poised, powerful, and self-determined personality of the woman of today. The campaign includes a film and will utilize national media channels such as TV mainlines, set of print and outdoor ads, digital display, social media, radio channels, and in-store. The campaign will debut on TV with 30 and 50 second commercials, to be screened on 15 September 2018. The TVC will be shared on social & digital with shorter edits. Through extensive research commissioned through Kantar IMRB it was found that Indian women are slowly evolving the meaning of femininity by combining strength with an essential grace. They currently enjoy increasing levels of economic power and whilst celebrating the achievements of their family, while being focused on their personal growth as an individual. A half-carat diamond charact

Trade war may last for two decades! Alibaba Executive Chairman Jack Ma told businesses that the country’s trade war with Washington will not be over anytime soon, and that they must be prepared, media reports. Speaking at an Alibaba investor day meeting in Hangzhou, Ma said the conflict could last up to 20 years, with the economic fallout being larger than expected. “Short term, business communities in China, US, Europe will all be in trouble,” said Ma. “This thing will last long. If you want a short-term solution, there is not a solution.” “We should not focus on this quarter or next quarter or next year’s profit. This is a huge opportunity,” he added. Hinting at the company’s slowly sliding stock value. “If Alibaba cannot sustain and grow, no company in China can grow. I’m 100% confident in that.” Ma went on to recommend that China look elsewhere for business if the US continues to ramp up the pressure with tariffs. “When problems come, learn how to hide, learn