GJ Town India

  A young customer and generate incremental demand!   According to the World Platinum Investment Council (WPIC), global jewellery demand is expected to rise by 5% (+102 koz) year-on-year to 1,951 koz in 2024. Steady results for Europe in Q4 should bring about a 3% rise for the full year. The mass market and bridal sector have underperformed, due to such drivers as the slower uptake of lab grown diamonds than in the US, but the top end remains robust.    This might surprise given talk of weakness in China hitting the luxury brands, but it is the entry level ones that have suffered, with the very top (where platinum is more prevalent) proving resilient. North America is expected to see slightly stronger growth in quarter four as the above positive factors remain in play and as some  are expecting the start of an uptick in the engagement market.    Destocking is also no longer a negative, but the election cast a cloud over October sales. As ...

  Tiffany unveiled the first Bird on a Rock collection in 2023   Each Bird on a Rock brooch is created by a team of Tiffany artisans who bring years of experience and the utmost passion to their craft. More than eight artisans work together to bring a single brooch to life over the span of 50 hours, a testament to the spirit of exceptional craftsmanship that has defined Tiffany for nearly two centuries.   “In 2023, we unveiled the first Bird on a Rock collection : a full suite of designs inspired by the iconic brooch. With the new pendants, necklaces, rings, earrings and brooches, the signature bird comes to life, depicted in different stances and in flight, lending a sense of motion and surrealism like only Jean Schlumberger could” Said, Tiffany & Co. Now, again highlighted!  Tiffany unveiled the design at the Musée des Arts Décoratifs’ Jean Schlumberger retrospective in Paris. Its fame grows as it travels the world on exhibition.  Today, over 25 y...

  The Men of Platinum x MS Dhoni Signature Edition   As IPL 2025 electrifies cricket fans across the country, Men of Platinum unveils #HonourThe7, a powerful tribute to MS Dhoni, an icon whose resilience, leadership, and composure have defined an era. This fan-driven initiative transforms admiration into action, inviting Thala fans to express their love for their hero in a unique and meaningful way.     Building on the Men of Platinum x MS Dhoni Signature Edition, the #HonourThe7 initiative invites fans to share a heartfelt 7-word tribute to Dhoni through a dedicated WhatsApp journey. Each entry is transformed into a personalized AI-generated video anthem featuring the fan and their message—a memorable digital keepsake to be shared across social media. Fans are encouraged to tag @MenOfPlatinum and use #HonourThe7 when posting their anthems. The most powerful entries will win match tickets to select CSK games, offering a chance to witness Dhoni’s legacy live.   A...

  Silver moved higher yet, not outperformed Gold   Precious metal expert Jordan Roy-Byrne suggest, it has been a heck of a last year for precious metals. A year ago, Gold broke out from its 13-year cup and handle pattern, and days ago, it reached its measured upside target of $3,000/oz. Quality miners and quality junior mining companies have surged higher.   Silver has moved higher alongside Gold but has not outperformed Gold yet. It has gained roughly the same amount as Gold in the past 13 months. However, since the May 2024 peak, Silver is up only 4% while Gold is up nearly 25%.    Part of the issue is that Gold, after clearing $2100/oz, has been able to enjoy blue sky territory (no overhead resistance) while Silver has had to chew through multiple resistance levels between $26 and $35/oz.   In the row, Augmont Bullion report, Silver is trading in a range of $33 (~Rs 97000) to $35(~Rs 102,000) from the last few days. Buy on dips and sell o...

  Consumers belief in gold is stronger than ever: Sachin Jain    By considering, festivity of Gudi Padwa, Ugadi, Chaitra Navratri and Ramzan Eid; Sachin Jain, Regional CEO, India, World Gold Council suggest, for generations, gold has been much more than an investment in Indian culture – it is a symbol of good luck and a harbinger of good times, and our households have forged a strong cultural bond with it.   This legacy takes on a fresh meaning this year as gold’s momentum has seen prices rise to historic highs , currently at INR 90,000/10grams or US$3,000 per ounce. While these high prices seem to have a temporary impact on the jewellery demand, the gold investment demand on the other hand, continues to drive the market, as record domestic prices and inflows into gold ETFs, digital gold, coins and bars reiterate gold’s appeal.   The shine will get brighter as festivals like Gudi Padwa, Ugadi, Chaitra Navratri, and Ramzan Eid are approaching, and th...

  Platinum Jewellery exports of India grew by 7.01% YoY!   According to the reliable sources, provisional gross export of Silver Jewellery for the period April 2024 - February 2025 at US$ 892.05 million (Rs. 7511.71 crores) shows decline of 42.00% ( -41.11% Rs. term) over the comparative figure of US$ 1537.94 million (Rs. 12754.82 crores) for previous year.   Provisional gross export of Platinum Jewellery for the period April 2024 - February 2025 at US$ 164.25 million (Rs. 1387.14 crores) shown growth of 7.01% (9.09% Rs. term) over the comparative figure of US$ 153.49 million (Rs. 1271.51 crores) for previous year Provisional gross export of Gold Medallions & Coins for the period April 2024 - February 2025 at US$ 119.95 million (Rs. 1000.5 crores) shown a growth of 257.660% (259.34% RS. term) over the comparative figure of US$ 33.540 million (Rs. 278.43 crores) for previous year.    “It is interesting to learn the available India’s export figures th...

CIBJO, AGTA and ICA issue a joint statement irradiated gems   The World Jewellery Confederation ( CIBJO), the American Gem Trade Association (AGTA) and the International Colored Gemstone Association (ICA) are once again expressing concern about the presence in the marketplace of irradiated rubies and sapphires, particularly sourced in Sri Lanka.    The materials in question, which have a pleasing but temporary appearance, were earlier reported upon in a 2022 press release entitled, Irradiation of Rubies: A Cautionary Note.    The issue was also addressed in the 2024 pre-CIBJO Congress Special Report produced by the CIBJO Coloured Stone Commission, which drew attention to the colour stability of yellow, orange and padparadscha coloured sapphires. It noted that the issue that has become increasingly important, given that the irradiation of coloured gemstones is now widespread, and for some of these treated stones the resultant colours are not stable....

  Pushing US to exacerbate inflation & stymie economic growth    According to the Augmont Bullion! Gold holds steady ahead of Trump's reciprocal tariff threats! Gold prices remained stable as market investors squared their positions ahead of US President Donald Trump's sweeping reciprocal tariff plans, which they fear will exacerbate inflation and stymie economic growth. The focus is now on potential reciprocal tariffs that the US administration may impose on April 2, prompting some market concern.    In March, U.S. consumer confidence fell to its lowest level in more than four years, with households dreading a potential recession and increased inflation caused by tariffs. On the geopolitical front, the United States on Tuesday negotiated deals with Ukraine and Russia to halt their strikes at sea and against energy targets, with Washington agreeing to attempt to lift certain sanctions against Moscow. Considering the Technical Triggers, Gold has stron...

  A pair of unique earrings that can be worn in three different ways!   Women are taking up multiple tasks effortlessly and as they move fluidly between their professional, social, and personal roles, they need jewellery to keep up with their dynamic lifestyles.    These strong, independent, multi-tasking trailblazers seek variety, adaptability, and elegance in every versatile piece of diamond jewellery they own. Divine Solitaires’ innovative Three-Way Wearing, earnings tick off all these boxes and more, offering modern women the choice of accessorising their outfits with a pair of earrings that can be worn in three different ways.   Each pair offers multiple styling possibilities to match changing moods, outfits, and occasions. The best part? You don’t need to spend on several purchases to achieve your dream look. So, when you can have a pair of classic solitaires, a bold statement piece, and chic dangling earrings all in one, why buy all three sepa...

  IIJS Tritiya 2025 conclude with a silver line for the trade!    Update 2- Moving right with the inaugural: The 3rd edition of IIJS Tritiya 2025, India’s 3rd largest and most comprehensive B2B jewellery show, organized by the Gem & Jewellery Export Promotion Council (GJEPC) opened at the Bangalore International Exhibition Centre (BIEC) from 21st to 24th March 2025.   M.B. Patil, Hon’ble Minister of Large & Medium Industries and Infrastructure Development, Government of Karnataka, inaugurated IIJS Tritiya 2025 along with Dr. Sharavana TA, MLC, Karnataka; BA Ramesh, Joint Managing Director, Thangamayil; A.B.S. Sanjjay, Managing Director, AVR Swarnamahal Jewellery Ltd.; Kirit Bhansali, Chairman, GJEPC; Nirav Bhansali, Convener, National Exhibitions, GJEPC; Mahendra Kumar Tayal, Regional Chairman (South), GJEPC; Dr. Chetan Kumar Mehta, President- Jewellers’ Association Bengaluru, and Sabyasachi Ray, Executive Director, GJEPC along with others.    ...

  Secured for leadership, innovation, transparency & more…   Augmont Enterprises Pvt. Ltd. and Augmont Goldtech Pvt Ltd. have been recognized for their prominent contributions to the bullion and digital gold industry at the 10th India International Bullion Summit (IIBS), hosted by the India Bullion and Jewellers Association (IBJA). The group secured honors across four key categories, reaffirming its leadership and commitment to innovation, transparency, and proficiency in the sector.   Augmont’s Award-Winning Achievements:  1: Best Bullion Dealer - Gold: Augmont Enterprises Pvt. Ltd. received this award for its market leadership, trust, and transparency in the gold bullion trading ecosystem. The company has been providing seamless bullion trading experiences, ensuring reliability and efficiency for traders and investors. 2: Best OTT Platform: Augmont Goldtech Pvt. Ltd. was recognized for its noteworthy digital gold investment platform, which enables investors to ...

  NDC launches a new flagship report in the series    “We continue our report series with an immersion into the second-largest diamond producer in the world. The in-depth analysis shares key figures and details on how natural diamonds have underpinned Botswana’s rise from the third-poorest country in the world to a vibrant, middle-income country. Today, Botswana is home to many skilled workers whose families benefit from largely free education, universal healthcare and paved roads as well as game parks and protected lands for Botswana’s wildlife” said Natural Diamond Council (NDC).    Natural diamonds make up a third of Botswana’s fiscal revenue, 80% of its exports, and account for a quarter of the country’s GDP. The report further shares how the diamond industry remains a force for good in Botswana, set up to deliver long-term, sustainable prosperity, facilitated by fair governments and collaborative, community-minded partners.  Key Highlights of t...