GJ Town India

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.   The Honoured Guests

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 of maximizing businesses

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; September 30-

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 crucial to

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.    

Silver Jewellery exports also grew 22.47% for April-May   India's gems and jewellery (GJ) sector continues to demonstrate resilience and growth, as highlighted by the latest export performance data for the period of April to May 2024. The overall gross exports of Gems & Jewellery during this period amounted to US$ 4691.58 million (Rs. 39123.07 crores), showcasing a commendable performance.   While this reflects a slight decline of 5.94% (-4.56% in Rs. term), the sector's ability to maintain such significant figures amidst global economic fluctuations underscores its stability and adaptability. In specific segments, while Cut & Polished Diamonds experienced a decline of 15.54% to US$ 2627.09 million (-14.32% to Rs. 21906.44 crores), other categories such as Gold Jewellery (Plain & Studded) and Silver Jewellery witnessed remarkable growth.   Commenting on the performance, Vipul Shah, Chairman, GJEPC said, "India's gems and jewellery sector has shown rem

  India design gallery display exceptional craftsmanship: GJEPC   The Gem & Jewellery Export Promotion Council (GJEPC) is thrilled to announce the successful conclusion of the India Pavilion and Design Gallery at JCK Las Vegas 2024. The event, held from 31st May to 3rd June at the Sands Expo & the Venetian, has once again demonstrated the exceptional craftsmanship and innovative designs that Indian jewellers bring to the global stage.    The India Pavilion, spread over 4,900 square feet across Level 1 and Level 2 (Passport Section, Diamond Pavilion, Lab-Grown, and Current Sections), hosted 39 esteemed member exporters.  The pavilion attracted significant footfall, with visitors expressing great admiration for the exquisite array of precious metal jewellery, both plain and studded, and the loose gemstones on display. The high visitor engagement underscores the global appreciation for the quality and artistry of Indian jewellery.    Vipul Shah, Chairman of GJEPC, remarked, “T

GJEPC to provide inputs on SION until this 31st July!   On behalf of the industry, the Gem & Jewellery Export Promotion Council (GJEPC) extends its heartfelt appreciation to the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry for their recent decision to put in abeyance the changes in maximum permissible wastage norms for gold, platinum, and silver content in jewellery exports.    In a virtual meeting called at a short notice on 28th May, GJEPC played an active role in advocating for a balanced approach that enables minimal disruption to exports and considers both efficiency and the livelihoods of millions associated with the trade. In the meeting, GJEPC informed DGFT officials that the revised norms would have a disproportionate impact on the small and medium-sized enterprises (MSMEs), which represent 85% of all exporters. DGFT has given GJEPC time until 31st July to provide inputs on Standard Input Output Norms (SION).  In this time period, G

Cut & Polished diamonds plunge 16.76% in April   According to the provisional statistics of GJEPC pertaining to export/import of Gem & Jewellery (GJ) for the period April 2024 - April 2024 as compared to same period last year.     The overall gross exports of Gems & Jewellery at US$ 2074.85 million (Rs. 17307.280 crores) in the month of April 2024 is showing a decline of 11.37% (-9.85% in Rs. term) as compared to US$ 2341.06 million (Rs. 19198.4 crores) for the same period previous year. The overall gross imports of Gems & Jewellery at US$ 1891.49 million (Rs. 15772.69 crores) in month of April 2024 is showing a growth of 3.95% (5.72% in Rs. term) as compared to US$ 1819.54 million (Rs. 14919.69 crores) for the same period previous year.    The overall gross export of Cut & Polished diamonds at US$ 1154.8 million (Rs. 9632.7 crores) in month of April2024 is showing a decline of 16.76%(-15.340% in Rs. Term) as compared to US$ 1387.38 million (Rs. 11378.15 crores)

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