GJ Town India

Sparkling Design Gallery features jewellery pieces from India   The Gem & Jewellery Export Promotion Council (GJEPC) organised India Pavilion at the 2024 JCK Las Vegas (LV) trade show, continuing its presence at this key event for the 19th consecutive year. Scheduled from 31st May to 3rd June 2024, at the Sands Expo & the Venetian, this year’s event promises to be a spectacular showcase of the finest in jewellery design and craftsmanship from India, catering to the western markets.   The India Pavilion, spanning 4,900 square feet across Level 1 and Level 2 (including the Passport Section, Diamond Pavilion, Lab-Grown, and Current Sections), features 39 member exporters. Visitors can expect to see an exquisite array of precious metal jewellery, both plain and studded, alongside loose gemstones such as diamonds, precious, and semi-precious coloured stones.   Vipul Shah, Chairman of GJEPC, stated, “The India Pavilion at JCK Las Vegas is a testament to the unmatched craftsman

Regionalised, Restructured and rerouted the tabled report 2024 Ahmed Bin Sulayem, DMCC’s Executive Chairman and CEO, unveiled the report at the Royal Society of Arts in London, United Kingdom. During the launch event, DMCC’s representatives shared their views on the report alongside a panel of international industry leaders and economists from Hitachi ZeroCarbon, the Industrial and Commercial Bank of China (ICBC) and the European Center for International Political Economy (ECIPE). The Future of Trade is the flagship thought leadership report series from DMCC on the changing nature of global trade. The report examines the impact of global economic trends, geopolitics, technology, sustainability and finance on the future of the trade landscape. The report series has been viewed and downloaded over 1.9 million times, underscoring DMCC's growing recognition as a leading voice on international trade. The report is a synthesis of expert opinions and detailed research on the outlook for i

A robust rally seems to breach Rs100K mark by the end of 2024 Recently, Colin Shah, MD, Kama Jewelry shared his Outlook on Silver. He shared, Silver prices have outperformed gold this year, gaining about ~18% Year-Till-Date (YTD). In addition to being a precious metal, having ornamental value, silver is also considered as an industrial metal.    Silver is an imperative raw material in electric vehicles, solar panels, and 5G antennas, among other products that are expected to drive the global economy in the coming years, supported by a constant rise in demand.  Fuelled by the on-going geopolitical tensions, economic uncertainty, higher inflation, anticipation of rate cuts coupled with robust industrial demand, silver prices are increasingly gaining momentum from the past few days.    Going ahead, given its hybrid nature of being a precious and an industrial metal, a robust rally seems to be in the foresight, with a possibility to breach INR 1,00,000 mark by the end of 2024 supported by

Strived to educate jewellers to explore benefits under CEPA All India Gem & Jewellery Domestic Council (GJC) organised the first of its kind one-day seminar to educate Indian jewellers about the benefits in jewellery exports under the Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE). The seminar organised on Wednesday, 29th May 2024, at Hyatt Regency Dubai, and was attended by over 100+ jewellers from across India and prominent importers from the UAE.   India signed an exclusive CEPA agreement with the UAE in March 2022 to boost gems and jewellery exports at lower duty. As per the agreement, the import duty on jewellery exports to UAE from India has been reduced from 5 per cent to ‘nil’. There were four panel discussions organised during the seminar where panellists elaborated benefits of India’s gems and jewellery exports to the UAE, and the potential forward.   Nilesh Shobhawat, GJC NextGen Convener, delivered the welcome address and formall

Opaque GJ Trade & Commerce pushes a reluctant Bank financing   All India Gem & Jewellery Domestic Council (GJC) organised first of its kind one-day Gem and Jewellery (GJ) Banking Summit presented by the World Gold Council (WGC) presented at Jio World Convention Centre, Bandra Kurla Complex, Mumbai, on the 18th May 2024.   The Summit was attended by leading Indian government and private bankers engaged directly or indirectly in the gold financing business. The Summit was powered by Yes Bank, Shree Kunj, Kolkata, and supported by Bangalore Refinery, Mukti Gold and Diamond, and Laxmi Diamonds India Ltd.   More than 200 delegates participated in the summit, with experts discussing the financing needs of the industry for a comprehensive growth of the entire value chain from bullion dealers to karigars, craftsman, manufacturers, wholesalers, and retailers. Speakers also deliberated about the risk management facilities available for Indian jewellers, and challenges being faced

Daniel's Jewelers & Pure Grown Diamonds joins   The Grown Diamond Trade Organization (GDTO) is thrilled to announce that Daniel's Jewelers and Pure Grown Diamonds have become inaugural members of the GDTO.  Both companies stressed that GDTO aligns with their commitments to quality, transparency, and sustainability in the jewelry industry. The new GDTO Jewelry Report and its groundbreaking Sustainability Rating will enhance Daniel's Jewelers' and Pure Grown Diamonds’ offerings and provide customers with a clear sustainability story.   "We're excited to join the GDTO and be part of this transformative movement in the lab-grown diamond industry," said David Sherwood, CEO of Daniel's Jewelers. "The GDTO's focus on high standards and transparency perfectly aligns with our values and dedication to providing our customers with the best possible products."   Dan Schneider, President and COO of Pure Grown Diamonds added: “We’ve been extr

Dedicated congress 2024 with the programme launched Registration for the 2024 congress of the World Jewellery Confederation (CIBJO) is now open. Delegates and other participants may register for the congress via a dedicated congress website located at: www.cibjo.org/congress-2024/   CIBJO’s 2023 annual congress will take place in Shanghai, China’s financial centre and the gateway to what is today the world’s largest jewellery market, from November 2 to November 4. Pre-congress meetings will be held on October 31 and November 1.  The hosts of the congress are the Donghao Lansheng Group and the China Gems & Jade Exchange. The congress venue and the official hotel will be the Shangri-La Qiantan, in the heart of Shanghai’s New Bund International Business District in Pudong.  The dedicated website includes the congress programme, important travel information, background information about Shanghai and the congress venue, news and media. An online registration form for the congress is ava