GJ Town India

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;...

Experienced positive & transformative power of yoga   Hari Krishna Exports, a renowned name in the diamond and jewelry industry, once again celebrated International Yoga Day with immense enthusiasm and wide participation across its Surat and Mumbai offices, and its different offices worldwide. This year, nearly 4,000 HK employees rolled out their yoga mats to join in the global celebration of this ancient Indian practice.   The Surat office had around 2,000 employees who gratefully participated, while the Mumbai office had a turnout of approximately 1,600 employees and a few more hundred from other HK Group offices. Participants engaged in various yoga asanas and breathing exercises. The atmosphere was filled with positive energy and a sense of unity. “I believe in the transformative power of yoga for physical, mental, and spiritual well-being. By participating in International Yoga Day, we aim to contribute to uniting individuals and promoting a harmonious world throu...

Collects1,120 units of blood as a part of the SEEPZ  drive   Bharat Diamond Bourse (BDB) hosted a successful two-day blood donation camp, marking a significant contribution to the city's healthcare ecosystem. The event garnered overwhelming participation from members of Bharat Diamond Bourse, MDMA (Mumbai Diamond Merchants Association), and GJEPC (Gem and Jewellery Export Promotion Council), underscoring their commitment to community welfare.   The Blood Donation drive was inaugurated by Dnyaneshwar Patil, IAS, Zonal Development Commissioner, SEEPZ- SEZ & CPS Chauhan, IRS, Joint Development Commissioner, SEEPZ- SEZ. Speaking at the event, Shri. Dnyaneshwar Patil underscored the critical importance of blood donation in supporting individuals, especially Thalassemia Major Patients, in their fight against life –threatening conditions.  CPS Chauhan, led a poignant tribute to the selfless donors and tireless volunteers who contributed to the camp’s resounding succ...

Kisna open 2nd showroom in Uttarakhand, totaled 29 th in India   Kisna Diamond & Gold Jewellery, from Hari Krishna Group, a leading name in the Indian jewellery industry, has proudly inaugurated its 2nd exclusive showroom in the Mall of Dehradun, Uttarakhand and 29th in India. The grand event, was graced by the esteemed presence of the Chief Minister of Uttarakhand, Pushkar Singh Dhami, along with the Founder & Managing Director of Hari Krishna Group, Ghanshyam Dholakia.   Kisna’s new showroom in Mall of Dehradun blends traditional designs with contemporary elegance, reflecting local motifs and consumer preferences. Featuring intricately crafted gold necklaces and diamond-studded earrings, Kisna caters to diverse tastes while celebrating the region's cultural heritage and craftsmanship.  Commenting on the launch, Ghanshyam Dholakia, stated, “We are delighted to inaugurate our 2nd exclusive showroom in Uttarakhand. This milestone not only highlights our expans...

The session brought a spirit of holistic wellness & solidarity   Bharat Diamond Bourse (BDB) marked the 10th International Yoga Day with the yoga session which brought together its members, and stakeholders in a spirit of holistic wellness and community solidarity. The event, held on June 21st, 2024, underscored the profound significance of yoga in fostering physical, mental, and spiritual well-being.   The occasion witnessed enthusiastic participation from across the Bourse, with members, staff and stakeholders joining in the yoga sessions conducted by Vipul Tejani & his team of Navsarjan Prathisthan.  These sessions ranged from traditional yoga to a sound healing session, catering to practitioners of all levels and preferences. Around 460 members & staff engaged wholeheartedly, embracing the calming influence of yoga amidst the bustling diamond trading environment.    Mehul Shah, Vice President of Bharat Diamond Bourse, highlighted the importan...

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 ...

Expect a protracted U-shaped recovery in diamond demand   De Beers Group announced the value of rough diamond sales for the fifth sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 5 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.   De Beers Group CEO Al Cook said: “The northern summer is generally a quieter period for rough diamond sales, and this was reflected in our cycle 5 sales. The recent annual JCK jewellery show in Las Vegas confirmed a resurgence in retailers’ interest in natural diamonds in the United States but ongoing economic growth challenges in China mean we continue to expect a protracted U-shaped recovery in demand.”  DeBeers Cycle 5 2024 (provisional) [1] Cycle 4 2024 (actual) [2] Cycle 5 2023 (actual) Sales value [3] ($m) 315 383 456 [1] Cycle 5 2024 pro...