GJ Town India

The risk of slowing the economy & causing a recession   Inflation is at a 40-year high but isn’t hitting all consumers as hard as top-line numbers might suggest, National Retail Federation Chief Economist Jack Kleinhenz said today. Nonetheless, consumer worries about rising prices could become self-fulfilling if workers demand higher wages to compensate and will play a role in the Federal Reserve’s efforts to bring inflation under control.    “After decades of relatively low levels, inflation is on everyone’s mind and has been making consumers and businesses miserable as prices have picked up dramatically over the past year,” Kleinhenz said. “However you measure it, inflation has become a powerful force and plays a key role in the nation’s economic outlook.”    “While actual price gains are expected to slow down in the coming months as they lap relatively high readings from the year before, the Fed is concerned about the risk of an unwanted jump in inf...

Ahmed Sultan Bin Sulayem felicitates for the year 2021    The Jewellery World Awards (JWA) awarded KGK Group Chairman Navrattan Kothari with the laureate of the Jewellery World Awards' highest honour, the Lifetime Achievement Award, for the year 2021 on 21 February in Dubai by Ahmed Sultan Bin Sulayem who is an Executive Chairman of DMCC in the esteemed presence of industry stalwarts.   Kothari has been working persistently in the business since the 1960s, not only to raise the KGK Group but also to inspire excellence in the jewellery and gemstone sector. He is a pioneer in the sector, and his experience and knowledge have made a significant contribution.   He is the one who is behind the expansion of his family's gemstone trading company into a worldwide conglomerate that encompasses the whole spectrum of mining, sourcing, production, distribution, and retailing of Color Gemstones, Diamonds, and Jewellery. KGK Group is also actively engaged in numerous philan...

Rasika is derived from the Sanskrit Rasa, meaning graceful, elegant and beautiful   A piece of silver jewellery is not merely a fashion accessory but also an extension of the personality of a woman. Paksha by Tarinika has launched its stunning collection Rasika for the modern Indian woman of today. Rasika is derived from the Sanskrit Rasa, meaning graceful, elegant and beautiful. The collection includes collectables, and one-of-a-kind heirlooms made for your precious moments. Every piece is designed with a special occasion in mind, where you are the star. It’s meant to elevate your confidence while sharing your heritage with the world. Earrings, neckpieces, bracelets, chains work well for every occasion; these designs reflect sheer elegance and style.  Any time is right to buy silver jewellery, and Rasika is the perfect buy that no woman will regret investing in. The new collection from Paksha by Tarinika boasts contemporary and beautiful designs, with colourful stones and d...

Inspired from the sumptuous Topkapi Palace In the new collection, Lydia Courteille has taken her inspiration from the sumptuous Topkapi Palace, in Istanbul, Turkey. In love with this country, she uses the Palace as her starting point to explore the past of this sublime gateway to the Orient. From the great love story of Roxelana and Sultan Suleiman the Magnificent of the vast and powerful Ottoman Empire, to the famous Iznik ceramics decorated with black Halfeti roses and brilliant red tulips, symbol of Turkey - Lydia Courteille invites you to discover the secret splendours of Turkey’s Byzantium and Constantinople. Twenty jewels form this collection: rings, earrings and tiara set with white opal and matched with pavés of sapphires, rubies, spinels and tsavorite garnets mimicking the faience tiles of Iznik that cover the Topkapi walls and those of the Harem.                                 ...

The new designs can be booked at just INR 9,999/-   Orra, India’s leading diamond jewellery brand makes investing in diamond jewellery much easier and more feasible. The brand launches new designs under the Astra collection at affordable prices, 0% interest, and exclusive EMI options.   Investing in jewellery has never been as vital as it is today with valuations on diamonds yielding higher returns than other traditional forms of investment. The four new designs in the Astra collection are in rose gold with 14-carat metal purity. The bejeweled Astra collection is Orra’s homage to the beauty of the starry night sky. The new designs of elegant diamond necklaces and earrings are curated keeping the evolving tastes of contemporary consumers in mind. The pieces can be purchased at INR 9,999 with the remainder payable on 0% Interest EMI.    The sets feature stunning layering for an opulent look, with three and four-liner necklaces with diamond-centric designs. One of t...

Revenue collection stood at Rs 1,33,026 crore   The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 crore, SGST is Rs 30,779 crore, IGST is Rs 67,471crore (including Rs 33,837 crore collected on import of goods) and cess is Rs 10,340 crore (including Rs 638 crore collected on import of goods).   The government has settled Rs 26,347 crore to CGST and Rs 21,909 crore to SGST from IGST. The total revenue of Centre and the States in the month of February 2022 after regular settlement is Rs 50,782 crore for CGST and Rs 52,688 crore for the SGST. The revenues for the month of February 2022 are 18% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in February 2020. During the month, revenues from import of goods was 38% higher and the revenues from domestic transaction (including import of services) are 12% higher than the revenues from these sources during the same month last ye...

Show scheduled to open from March 17   More than 1,000 exhibiting brands will be taking part at Vicenzaoro 2022, the international gold and jewellery show organised by IEG - Italian Exhibition Group, to be held at Vicenza Expo Centre from 17th to 21st March 2022 together with T.Gold, the international exhibition of technologies and machinery for the jewellery industry, and VO'Clock Privé, the contemporary watchmaking lounge (18-20 March).   Vicenzaoro, which fills the IEG exhibition centre to the brim, is the event at the beginning of the year that will offer Europe the first chance to physically see the latest ideas and trends of 2022. One location and one single moment for the entire gold and jewellery industry to meet "All at Once", as the claim of this edition highlights. And the trends will be set by the creations in the ICON community which hosts luxury jewellery brands, together with the original proposals of The Design Room. Among the companies in attendance i...