GJ Town India

  C&P diamonds exports in October grew 11.32%: GJEPC    India’s gem and jewellery (GJ) exports has made strides in October 2024, marking a turning point with positive growth in multiple product categories, notably cut and polished (C&P) diamonds, gold Jewellery (plain & studded), and polished lab-grown diamonds.    In October 2024, the overall gross exports of gems and jewellery reached USD 2,998.04 million (Rs. 25,194.41 crores), marking a growth of 9.18% in dollar terms and 10.23% in rupee terms, compared to USD 2,746.09 million (Rs. 22,857.16 crores) in October 2023. This increase underscores the industry’s resilience amid challenging global market conditions.    Cut & Polished Diamonds led the recovery in October 2024, with overall gross exports reaching USD 1,403.59 million (Rs. 11,795.83 crores), marking a growth of 11.32% in dollar terms and 12.39% in rupee terms compared to USD 1,260.91 million (Rs.10,495.06 crores) ...

Unveils the Iconic Golden Wheel of Time at Zaveri Bazaar   In a momentous event that highlighted India’s rich heritage and artistic journey, Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) and the National President of Indian Bullion Jewellers Association (IBJA), inaugurated the Golden Wheel of Time at the historic Zaveri Bazaar.   This magnificent ring sculpture, meticulously forged from iron and gold, serves as an ode to Bharat’s kaal chakra (wheel of time), symbolizing transformation and resilience through the ages.   The Golden Wheel of Time stands as a testament to Bharat's enduring legacy and the evolution of its artistry. The union of iron and gold, combined with intricate etchings and diverse textures, narrates a story of transformation from raw to refined splendor.  The sculpture signifies continuity, bridging the nation’s illustrious past to a gleaming future, and calling on all to rise brighter and stronger as the ...

  Richemont operating profit down by 17% in 1H FY25    Recently, Richemont reported for the 1H (six-month period ended 30 September 2024) and the report say,  Richemont demonstrates sustained resilience FY25. According to the Interim Results & Group highlights said, Sales at € 10.1 billion and operating profit from continuing operations at € 2.2 billion in a challenging macroeconomic and geopolitical context, supported by ongoing investment into distribution and manufacturing assets.    In a Strategic developments Richemont highlight, 1: Completion of the acquisition of distinctive Italian jewellery Maison Vhernier, 2: Signature of an agreement by which Mytheresa will acquire YNAP in exchange for a 33% equity stake in Mytheresa, subject to customary closing conditions, 3: Strengthened governance with the appointment of new Group CEO; new leadership in place at Cartier and Van Cleef & Arpels. At the Financial highlights Richemont reported, ...

The pendant to be auctioned on 28 November 2024   The Northwest Territories’ three diamond mines – Rio Tinto’s Diavik Diamond Mine, De Beers Group and Mountain Province Diamonds’ Gahcho Kué Diamond Mine, and Burgundy Diamond Mines’ Ekati Diamond Mine - have collaborated on a stunning one-of-a-kind pendant featuring diamonds from all three operations in a unique Northern design.   The pendant, set in 18-karat white gold, features a round brilliant-cut 0.41 carat Ekati diamond, a radiant-cut 0.51 carat Gahcho Kué diamond, and a round brilliant-cut 0.41 carat Diavik diamond. The three diamonds are set in a bespoke caribou antler design, paying homage to the unique Northern origin of the gems. It was designed by Adamas Diamonds and has an appraised retail replacement value of over C$12,000.   The pendant has been donated by the three diamond mines to be auctioned at the 2024 MAX Awards, taking place on Thursday, 28 November in Yellowknife as part of the 2024 Yellowknife Geosc...

Now developing Saskatchewan's resources 3Q 2024 results   Star Diamond Corporation reports that the unaudited financial results for the quarter ended September 30, 2024 (3Q). In their overview 3Q 2024 results said, Star Diamond Corporation is a Canadian natural resource company focused on exploring and developing Saskatchewan's diamond resources.    Star Diamond holds a 100% interest in the Fort à la Corne Project which includes the Star – Orion South Diamond Project located in central Saskatchewan, Canada. These properties are in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development. The Company also holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills Diamond Project, that is; Star Diamond Corporation Completes Acquisition of Buffalo Hills Diamond Project.    Located approximately 400 kilometres...

  Shri Narendrabhai Modi’s presence brought sense of warmth After the Bharatmata Sarovar inauguration, Hon'ble Prime Minister of India, Shri Narendrabhai Modi also attended the wedding celebration of Dravya and Jahnvi, the son of Dr. Savjibhai Dholakia and daughter of Bharatbhai Chaludiya, blessing the couple and bringing warmth to the joyful occasion. Adding a personal touch to the day’s celebrations, Prime Minister Modi also joined the Dholakia family in Dudhala for the wedding of Dravya and Jahnvi, Savjibhai Dholakia’s son and daughter-in-law. The union was simultaneously held in Het Ni Haveli on the day of the lake inauguration. Hon'ble Prime Minister of India, Shri Narendrabhai Modi’s presence brought an added sense of warmth and joy, as he met with family members and friends, sharing blessings and congratulating the couple. This moment highlighted not only his bond with the family whom he knew since he was still Chief Minister, but also his enduring respect for the values...

Sumit Dassani on evolving trends in trade!   Recently, Sumit Dassani, Partner at Dassani Brothers focussed on customisation and said, Customisation is the new standard! Talking about, the Evolving Jewellery Trends; he said, emerging fashion trends and new design innovations are capturing the attention of both manufacturers and consumers. While traditional earrings and necklace sets remain popular, there's a growing interest in more diverse accessories.   Coloured gemstones—like emeralds, sapphires, and opals - are adding vibrant pops of colour, while accessories such as hair clips, anklets, and waist chains are becoming fashionable. Customisation has taken centre stage as consumers seek to personalise their jewellery according to individual styles and preferences, moving away from readily available designs in favour of more bespoke creations.  Suggesting about the customisation trend Sumit said, customisation is no longer just about aesthetic preferences -it’s d...