GJ Town India

By fostering dialogue Sanjay Kumar, focuses the Industry!   The leadership of the Gem and Jewellery Export Promotion Council (GJEPC) extended a warm welcome to Sanjay Kumar Agarwal, Chairman of the Central Board of Indirect Taxes & Customs (CBIC), along with Prachi Saroop, Chief Commissioner of Customs, and Harish Dharnia, Commissioner of Customs, Mumbai, at the GJEPC office in Mumbai. The meeting aimed to foster dialogue and address key challenges faced by the gem and jewellery industry.    Representing GJEPC were Vipul Shah, Chairman; Kirit Bhansali, Vice Chairman; Ajesh Mehta, Convener, Diamond Panel; Shaunak Parikh, Convener, Banking Insurance & Taxation, Milan Chokshi, Convener, PM&BD; and Sabyasachi Ray, Executive Director. Also in attendance from the Mumbai Customs were senior officials Prachi Saroop, Chief Commissioner Customs and Shri Harish Dharnia (Commissioner of Customs). During the discussions, GJEPC leadership highlighted several critica...

Focuses role of mining & manufacturing in India’s GJ sector   Sabyasachi Ray, Executive Director, GJEPC, highlighted the critical role of mining and manufacturing in India’s gem and jewellery (GJ) sector during his address at the CII Gems and Jewellery Conference. The conference, themed, Mining & Manufacturing to Markets & Economy, that held in New Delhi on 6th December.   Sabyasachi Ray lauded the government's proactive stance in promoting the gem and jewellery sector, citing key initiatives such as the Indo-UAE CEPA, Indo-Australian ECTA, and Indo-European TEPA. He emphasised GJEPC's crucial role in bringing these policies to fruition, thereby opening new markets and boosting exports. The GJEPC Executive Director also shed light on the Council's active engagement with the government to align the new definition of a diamond with India's consumer laws.  By leading consultations with the Consumer Affairs Ministry, GJEPC ensured that the new definition...

Amritsar the major centres for Meenakari & Jadau jewellery   The Ministry of Commerce & Industry has issued an update in the Gazette of India announcing an important amendment to the Handbook of Procedures, 2023, to further streamline jewellery exports. The Directorate General of Foreign Trade (DGFT) issued a public notice dated 13th November adding Amritsar Airport as an authorised export point for gold, silver, and platinum jewellery.   The inclusion of Amritsar Airport comes after persistent efforts by the GJEPC, which has been consistently advocating for streamlining export procedures and promoting regional growth within the industry. This move will significantly boost the export potential of precious jewellery, especially for businesses in Punjab and surrounding areas.   Expressing his gratitude to the government, Vipul Shah, Chairman, GJEPC, said, “We are thankful to the government for their continued support in enhancing the ease of doing busine...

  C&P diamonds exports in October grew 11.32%: GJEPC    India’s gem and jewellery (GJ) exports has made strides in October 2024, marking a turning point with positive growth in multiple product categories, notably cut and polished (C&P) diamonds, gold Jewellery (plain & studded), and polished lab-grown diamonds.    In October 2024, the overall gross exports of gems and jewellery reached USD 2,998.04 million (Rs. 25,194.41 crores), marking a growth of 9.18% in dollar terms and 10.23% in rupee terms, compared to USD 2,746.09 million (Rs. 22,857.16 crores) in October 2023. This increase underscores the industry’s resilience amid challenging global market conditions.    Cut & Polished Diamonds led the recovery in October 2024, with overall gross exports reaching USD 1,403.59 million (Rs. 11,795.83 crores), marking a growth of 11.32% in dollar terms and 12.39% in rupee terms compared to USD 1,260.91 million (Rs.10,495.06 crores) ...

A Gateway to Japan's Booming Jewellery Market   According to the available information, the Gem and Jewellery Export Promotion Council (GJEPC) call esteemed members to participate in the prestigious India Pavilion at the 36th International Jewellery Tokyo (IJT), scheduled to take place from 15th - 18th Jan. 2025 at the Tokyo Big Sight exhibition center.   This premier trade event is Japan's largest international jewellery trade show and is poised to offer an unparalleled opportunity for Indian jewellery manufacturers, designers, and exporters to showcase their products to an elite global audience.   Japan is the third-largest jewellery market in the world, and it stands as Asia’s jewellery hub, making IJT an essential platform for accessing the growing demand for high-quality jewellery across the region. The India Pavilion, organized by GJEPC, will give Indian participants exclusive exposure to over 23,000 buyers from 52+ countries—a dynamic mix of retailers, ...

  GJEPC welcome for an Interaction on India’s foreign policy  The Gem & Jewellery Export Promotion Council (GJEPC) was privileged to welcome Dr. Subrahmanyam Jaishankar, Hon’ble Minister of External Affairs-Government of India. Dr. Jaishankar was visiting Bharat Diamond Bourse (BDB) at Mumbai for an Interaction on India's foreign policy.  Industry leaders such as Vipul Shah, Kirit Bhansali, Vice Chairman, GJEPC; Anoop Mehta, President, Bharat Diamond Bourse, and Mehul Shah, Vice President, Bharat Diamond Bourse, addressed the pressing concerns, including the shrinking American market, fluctuating global demand, and intensifying competition. Members also highlighted the need for diversification and increased government support to stabilise and grow exports.  Vipul Shah expressed gratitude to Dr. Jaishankar, stating, "We are grateful for your active support in mitigating the impacts of G7 sanctions on Russian diamonds, which has enabled our industry to continue ope...

Maharashtra to chart Industrial Policy for Smart Manufacturing    “I feel proud to see how IIJS has grown into the world’s second-largest B2B gem and jewellery show” A new bigger Exhibition & Convention Centre in Mumbai and ‘Smart Manufacturing’ will be included in the new Industrial Policy of Maharashtra, which will be announced in September 2024, announced Dr. Harshdeep Kamble, IAS, Principal Secretary (Industries) Govt. of Maharashtra, at the India International Jewellery Show (IIJS) Premiere show organized by the Gem & Jewellery Export Promotion Council (GJEPC).     Dr. Harshdeep Kamble, IAS, Principal Secretary (Industries) Govt. of Maharashtra, visited the 40th edition of India International Jewellery Show 2024, the flagship show of GJEPC at the Bombay Exhibition Centre (BEC), NESCO-Goregaon. He was welcomed by GJEPC leadership Vipul Shah, Chairman, GJEPC, Kirit Bhansali, Vice Chairman, GJEPC and Nirav Bhansali, Convener-National Exhibitions, GJEPC...

GJ trade is ready to rock in the post budget, ease of doing business!   40th Edition of IIJS Premiere Show 2024 is opening its’ curtain in Mumbai, is India organised by The Gem and Jewellery Export Promotion Council (GJEPC). The Gem & Jewellery Export Promotion Council (GJEPC) is the apex body of trade sponsored by the Ministry of Commerce & Industry, Government of India, to promote exports of gems and jewellery from India.   The grand inauguration will host, C. P. Radhakrishnan (Hon. Governor of Maharashtra) as Chief Guest, Guests of Honour will be Paul Rowley - EVP De Beers and Paul Alukka - MD Jos Alukkas Group in the presence of  Manushi Chhillar, GJEPC Brand Ambassador.    GJEPC has been organizing its flagship annual B2B trade shows, India International Jewellery Show (IIJS Premiere & IIJS Signature) and India Gem & Jewellery Machinery Expo (IGJME) in Mumbai for many years. IIJS Premiere 2024 is proud to celebrate 4 decades ...

Experience a taste of India during August 19-22 at DDC The historic Diamond Dealers Club (DDC) in New York City (NYC) and the Gem and Jewellery Export  Promotion Council (GJEPC) of India are hosting a unique opportunity to experience a taste of India at the Diamond Dealers Club August 19-22.  The event will feature a combination 15-20 Indian based diamond, lab grown and colored gemstone suppliers, plus another group of 30+ US DDC diamond dealers. There is no buying obligation. US coordinators for GJEPC will be available to meet visitors at the entrance and escort them to the trading floor. Security is tight & therefor GJEPC suggest to register in advance using this link.  Upon acceptance, you will receive confirmation and further instructions. Don’t miss out on this unique opportunity. “I’m looking forward to and excited to see more at this year’s Taste of India week.” Michael Lebowitz, MHL Trading. In the row, GJEPC will be hosting an expense paid, Buyer Seller Meet;...

Vipul Shah attends Hon'ble FM's Consultation Meeting!   GJEPC Chairman Vipul Shah presented key recommendations for the gem & jewellery trade at the pre-budget meeting with Union Finance Minister Nirmala Sitharaman.    Vipul Shah, Chairman of GJEPC, said, “The Indian gems and jewellery industry contributes around 10% to India’s total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence of the beneficiation scheme, and issues related to rough diamond sourcing.   Against the backdrop of the macroeconomic scenario, I urge the government to take measures to revive exports in this sector. I request the Hon’ble Finance Minister to introduce a Safe Harbour rule in SNZs, introduce the Diamond Imprest License, and reduce the import duty on gold, silver, and platinum bars to 4%; and introduce duty drawback on exports of platinum Jewellery to take advantage of India UAE CEPA. These measures are ...

Bhopal road show draws 600 retailers, from 42 districts   The IIJS Premiere 2024 Road Show held in Bhopal on 23rd June showcased an array of features and benefits of the upcoming exhibition. Mansukh Kothari, Member, National Exhibitions Sub-committee, GJEPC, delivered a presentation that emphasised the new venue, digital platform, enhanced product quality and variety, and promising business opportunities for visitors. He encouraged retailers to register and attend the event in August.   Nitin Khandelwal, Deputy Director – Jaipur, GJEPC, followed with a presentation on the diverse services and initiatives offered by the GJEPC, including membership benefits, international exhibitions, and e-commerce opportunities.    The event was graced by Chief Guest Praveen Khandelwal, Member of Parliament from Delhi. Over 600 jewellery retailers from 42 districts of Madhya Pradesh participated, with strong support from the Jewellers Development Welfare Association.  ...