GJ Town India

A significant milestone for the GJ industry in India!  The Gem & Jewellery Export Promotion Council (GJEPC) announces a significant milestone for the Gem and Jewellery (GJ) industry in India. Following extensive efforts by the GJEPC in collaboration with the Ministry of Finance, the Authorized Economic Operator (AEO) status is now being extended to the gem and jewellery sector.  The AEO program was introduced as pilot project in 2011 vide Circular No. 37/2011 – Customs dated 23rd August. 2011.The AEO program, a crucial part of the broader ease of doing business initiative, has been instrumental in simplifying export operations across various sectors, resulting in significant time and cost savings for exporters. Despite the benefits it offers, the gem & jewellery sector was initially denied participation in the AEO program.  However, through proactive engagement with relevant Ministries, the GJEPC successfully advocated for the inclusion of the gem and jewellery industry in the

The UAE rose to 107.2% in FY 2023-24 Emerged as a significant market for India exports!   For the FY 2023-24, exports of Plain Gold Jewellery surged by an impressive 61.72% to US$ 6792.24 million as compared to US$ 4199.96 million in FY 2022-23. Total Gold jewellery (plain & studded jewellery), which experienced a 10.47% decline between April 2023 to September 2023, rebounded strongly in the latter half of the year, achieving a growth of 46.91%.    The UAE emerged as a significant market for plain gold jewellery exports from India, experiencing remarkable growth of 107.2% to reach USD 4,528.66 million in FY 2023-24, compared to USD 2,185.67 million in the previous year. Markets of UAE & Bahrain accounted for over 85% of India’s plain gold jewellery exports.    Australia also witnessed a growth of 37% in plain gold jewellery exports attributing its growth to the India-Australia ECTA.  Speaking about the increase in plain gold jewellery exports, Vipul Shah, Chairman, GJEP

IIJS Tritiya: The Gateway to Global GJ Exports! IGJME runs concurrently with IIJS Tritiya Bengaluru 2024 GJEPC signs MoU with Karnataka Jewellers Association   India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) inaugurated the 2nd edition of the India International Jewellery Show - IIJS Tritiya – in Bangalore (Karnataka) at the Bangalore International Exhibition Centre (BIEC) from 5th to 8th April 2024. India Gem & Jewellery Machinery Expo (IGJME) is running concurrently with IIJS Tritiya Bangalore 2024 for the first time ever to showcase world-class technology in manufacturing powered by digital technology tools and techniques.    GJEPC unveils, Brilliant Bharat theme for next six India International Jewellery Shows. The Brilliant Bharat theme is aimed at rediscovering and celebrating India’s traditions, cultural diversity, and innovative technology to create something truly extraordinary. It also helps to explore the magic of India’s rich he

24 IGJ Awards included Women Entrepreneur of the Year & Best Bank   Ramesh Bais & Mukesh Ambani grace GJEPC’s 50th IGJ Awards Russell Mehta bestowed with Lifetime Achievement Award   The Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 50th India Gem & Jewellery Awards (IGJA), to the brightest jewels in India’s exports’ crown. GJEPC presented a total of 24 IGJ Awards: 14 - Industry Performance Awards; 7 - Special Recognition Awards; 2 - Felicitation Awards; and 1- Bank supporting the Gems & Jewellery Industry Awards. IGJA is powered by GIA - Gemological Institute of America, The World's Foremost Authority in Gemology.    Since its inception in 1974, the IGJA has been an emblem of excellence in the gem and jewellery industry, recognizing the entrepreneurial spirit and innovation that propel the industry forward. Every year, IGJA honors the best of the best, showcasing the pinnacle of achievement in the gem and jewellery sector.  This prestig

  To impart skill training to registered Vishwakarmas!   A Memorandum of Understanding (MoU) was signed between the Ministry of Skill Development and Entrepreneurship (MSDE) and the apex trade body, Gem & Jewellery Export Promotion Council (GJEPC) appointing GJEPC as implementing agency for Prime Minister PM Vishwakarma Scheme on 14th March 2024 in Delhi.  The MoU was signed in the august presence of Dharmendra Pradhan, Hon. Union Minister of Education, Skill Development and Entrepreneurship, Government of India; and Sabyasachi Ray, Executive Director, GJEPC, was present on this momentous occasion.   Sabyasachi Ray, ED, GJEPC, said, “Under the Kushal Bharat Viksit Bharat motto, this MoU will promote initiatives to bring speed and scale to India's skill ecosystem. The primary objective of the scheme is to enable the recognition of artisans and craftspeople as ‘Vishwakarmas’ making them eligible to avail the benefits under the scheme.   GJEPC will impart skill training to regis

GJ export declines over 12% for February 2024! According to the sources, India’s Exim (Export-Import) for gem & jewellery tumbles equally over 15% for the period of April to February 2024. India’s overall gross exports of Gems & Jewellery (GJ) registered at US$ 3046.84 million (Rs. 25274.640 crores) in the month of February 2024 is showing a decline of 12.66%  (-12.34%in Rs. term) as compared to US$ 3488.51 million (Rs. 28832.86 crores) for the same period previous year.  The overall gross imports of Gems & Jewellery at US$ 2261.8 million (Rs. 18765.3 crores) in month of February 2024 is showing a growth of 1.12% (1.6% in Rs. term) as compared to US$ 2236.72 million (Rs. 18470.62 crores) for the same period previous year.  India’s overall gross exports for the period of April 2024 – February 2024, of Gems & Jewellery at US$ 29606.8 million (Rs.245132.66 crores) is showing a decline of 15.31% (-12.39% in Rs term) as compared to US$ 34958.91 million (Rs. 279806.68 crores)

The 7th Artisan Jewellery Design Awards held in Mumbai   The 7th edition of The Artisan Jewellery Design Awards, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA, challenged designers to tap uncharted territory by integrating unusual materials and cherished objects into their jewellery designs, to infuse their pieces with a unique identity.   Actress and style icon Sonam Kapoor graced GJEPC’s 7th edition of Artisan Jewellery Design Awards in Mumbai and presented awards to winners. Sonam Kapoor graced the stage with an aura of elegance and charisma along Vipul Shah (Chairman, GJEPC); Kirit Bhansali (Vice Chairman, GJEPC); Sriram Natarajan (Managing Director, GIA India); Milan Chokshi (Convener, Promotions & Marketing, GJEPC); Sabyasachi Ray (Executive Director, GJEPC) bestowed the coveted awards upon 6 Artisan winners.  This year the theme for the Artisan Jewellery Design Award were two unconventional themes - Objet Trouvé (Found Objects) and

Vipul Shah welcomes Interim Union Budget 2024-25   Gem & Jewellery Export Promotion Council (GJEPC) welcomes Union Finance Minister (FM) Nirmala Sitharaman’s announcement to make our country Viksit Bharat by FY2047. Exporters will agree with Hon. FM that globalization is being redefined and a new world order is emerging after the pandemic.    For gem & jewellery exporters, the recently announced India-Middle East-Europe Economic Corridor is a strategic and economic game changer for India and others. Just as the CEPA trade agreement has increased jewellery exports to the Middle East, we welcome bilateral trade agreements with European countries and others to boost gem & jewellery exports.    We welcome FM coining real GDP growth as well as her emphasis on Governance, Development & Performance. Before FM presents the full budget and detailed roadmap for the pursuit of Viksit Bharat in July, Council seeks inclusion of gem & jewellery artisans and craftsmen i

The show accommodates 1,500+ exhibitors occupying 3,000+ stalls   Union Minister Piyush Goyal inaugurated the New Year’s first and largest-ever India International Jewellery Trade Show-IIJS Signature; Gem & Jewellery Trade, organised by the country’s apex trade body, the Gem & Jewellery Export Promotion Council (GJEPC).    The 16th edition of GJEPC's IIJS Signature will witness 30,000+ visitors (including international buyers) from 800 Indian cities and 60 countries. The show boasts of 1,500+ exhibitors occupying 3,000+ stalls across a sprawling 1.25 lakh sq. mt. of exhibition area.    For the first time ever, the New Year’s first top-of-the-line design centric jewellery trade show along with the India Gem & Jewellery Machinery Expo (IGJME) is being held at two venues in Mumbai: JIO World Convention Centre, BKC (4-7 January) & Bombay Exhibition Centre, NESCO, Goregaon (5-8 January). This expansion aims to offer exhibitors and visitors more space, fostering a r