GJ Town India

  India marking a pivotal moment at Inhorgenta 2025   India proudly takes on the role of official partner country at Inhorgenta 2025 , marking a pivotal moment in the global gem and jewellery (GJ) industry. The show, taking place from 21st to 24th February, was inaugurated at the India Pavilion by Shatrughna Sinha, IFS, Consul General of India, Munich; Kirit Bhansali, Chairman, GJEPC; Stefan Rummel, CEO of Messe München; and Stefanie Maendlein, Exhibition Director of Inhorgenta.    Curated by the Gem & Jewellery Export Promotion Council (GJEPC), the India Pavilion is showcasing a stunning array of diamond jewellery, gold and platinum pieces, fine jewellery, and loose gemstones. These collections highlight India’s ability to blend traditional craftsmanship with contemporary design, offering global buyers unmatched quality and artistry.   Speaking at the inauguration, Sinha Said, “Germany is one of India’s key trading partners in Europe, with stron...

  Trending to maintain its upward momentum!   Gold trend show that it is eyeing on ongoing developing geo-political scenario especially keeps an eye on Russia-Ukraine peace talks! As concerns about a possible global trade war fueled demand for safe-haven assets, uncertainty about U.S. President Donald Trump's tariff proposals continued to drive gold's strength today.   In terms of geopolitics, a group of European leaders decided during a conference in Paris on Monday, 17 th February that they were prepared to provide Ukraine with security assurances, but that it would be risky to reach a truce without also reaching a peace deal is learning at the Augmont Bullion. To discuss the ongoing conflict between Russia and Ukraine and to strengthen bilateral ties, top Russian and American officials, including foreign ministers, will gather in Saudi Arabia today. Three years after Ukraine's invasion, the conference is expected to be significant because of the US's role i...

  PMI that held during February 16th to February 18th, 2025   Recently, 7th edition of PMI, held by the All India Gem & Jewellery Domestic Council (GJC), during February 16th to 18th, 2025, at Hyatt Regency, Gurugram. At the occasion, Rajesh Rokde, Chairman-GJC said, “ As Chairman of the All India Gem & Jewellery Domestic Council, I am proud that Preferred Manufacturer of India (PMI) has set a new benchmark.   PMI is more than just a platform; it’s a transformative initiative that fosters meaningful business relationships, strengthens brand positioning, and enhances profitability. The inauguration in Gurugram, with Honorable MLA Shri Mukesh Sharma Ji lighting the ceremonial lamp, was a landmark event, bringing together 42 leading manufacturers and 200+ prominent retailers from across India from16th to 18th February.   I was deeply honored to take the oath as Chairman during the installation ceremony, alongside Avinash Gupta as Vice Chairman, and ...

  Also announces, Shaunak Parikh as Vice Chairman & CoA   Gem & Jewellery Export Promotion Council (GJEPC), the country’s apex nodal trade body, announced the appointment of Kirit Bhansali as Chairman; Shaunak Parikh as Vice Chairman and announced the constitution of new Committee of Administration (CoA) after the completion of the CoA Election 2024.    Kirit Bhansali, Chairman, GJEPC, said, “Our vision is to drive transformative growth for India’s gem and jewellery industry through strategic initiatives, innovative projects, and collaborative efforts.    From advancing flagship projects like the India Jewellery Park in Mumbai and the Gem Bourse in Jaipur to expanding our global footprint with initiatives like Saudijex in Saudi Arabia and IJEX Dubai, we aim to position India as a global leader in technology, design, and manufacturing.    Together, we will strive to achieve the ambitious export target of USD 100 billion by 2...

  Reports to serve as a critical resource to empower consumers   Natural Diamond Council is launching a report series on trends, origin, and other particularities of the ultimate gemstone – Natural Diamonds (NDs). We will partner with key organizations including governments, local communities, analysts, and researchers that are part of the various stages of the natural diamonds’ journey from source to market.   These comprehensive reports serve as a critical resource to empower today’s discerning consumers as well as members of the press and industry with transparent information and fun facts!  1: Flagship Report Unveiling Trends and U.S. Consumer Preferences Regarding Natural Diamonds: We have partnered with trend analytics company, Tenoris, on our latest report, Natural Diamond Trends, A 2024 Overview, detailing the latest trends and consumer preferences regarding natural diamonds.    Insights from Natural Diamond Trends, a 2024 Overvie...

InCent-LGD to develop MPCVD, HPHT equipment   Update 2: The Gem & Jewellery Export Promotion Council (GJEPC) and InCent-LGD - IIT Madras, with the support of the Ministry of Commerce & Industry, Government of India, organized “Vajra Industry Research and Academic Meet” (Vairam 2025) on 10th February at IITM Research Park, Chennai.   This event was first of its kind in the lab-grown diamond (LGD) sector, bringing together industry thought leaders, researchers, and government officials to explore the potential and future advancements in lab-grown diamonds. The meeting underscored India's commitment to developing indigenously designed CVD (Chemical Vapor Deposition) and HPHT (High Pressure High Temperature) systems for lab-grown diamond production.   Vairam 2025 was supported by the Gemological Institute of America (GIA), with the International Gemological Institute (IGI) as the Associate Partner and Economic Law Practice (ELP) as the Co-Partner.   ...

  Global gold trading volumes rose 20% in January 2025   In the Gold ETF Commentary, January in review, World Gold Council (WGC) reported, Global physically backed gold ETFs  saw net inflows during the first month of 2025, adding US$3bn in January. The most notable shift comes from Europe: while it led global outflows during most of 2024, it is now dominating inflows.  Despite gold’s strong performance, North American investors remained net sellers of gold ETFs in the month, while Asia and the other regions saw limited inflows. By the end of January, the total asset under management (AUM) reached US$294bn, another month-end record, and collective holdings continued to rebound (+34t).    In the highlights WGC report, 1: Global gold ETFs kicked off 2025 with positive flows, led by Europe, while North America saw outflows. 2: Following the second consecutive monthly inflow and supported by a higher gold price, global gold ETFs’ total AUM rose to US$294bn a...

  US$3000 is knocking on the door for Gold: Augmont   Less than a month and a half into 2025, the breakneck pace continues. The price of gold broke through the US$2,800 mark on January 31, and pushed above US$2,900 during intraday trading on Monday, February 11. All India Gem and Jewellery Domestic Council (GJC) remained watchful over the swift trend of gold price.   Rajesh Rokde – Chairman-GJC said, " As we witness gold crossing the $2,930 per ounce mark and continuing to rise day by day, it is a clear testament to the prevailing economic uncertainties. The persistent upward trend in gold prices underscores the growing need for safe-haven assets in volatile times.    Additionally, with the current GST rate of 3% on bullion and precious ornaments, both consumers and jewellers are facing an increased tax burden. To align taxation with industry realities and encourage compliance, it is imperative to reduce the GST rate to 1.25%. This move will not on...

Consolidated sales volumes fell 28% year-on-year   Operational Performance: The mining operations delivered steady operational performance, albeit at lower output levels as the business continued to reconfigure production in response to prevailing market conditions.   Rough diamond production decreased by 26% to 5.8 million carats, reflecting a proactive production response to the prolonged period of lower demand, and higher than normal levels of inventory in the midstream. De Beers continues to focus on managing working capital, and despite low sales volumes, inventory has reduced slightly year-on-year through managing purchases and downstream stocks.   In Botswana, production decreased by 31% to 4.2 million carats, as a result of planned actions to lower production at Jwaneng. Production in Namibia increased by 3% to 0.6 million carats, reflecting planned higher grade mining and better recoveries at Namdeb partially offset by intentionally lower production a...