GJ Town India

HK Group Completes 12 Years of Mass Marriage Festivals   Hari Krishna (HK) Exports Pvt. Ltd., a global leader in the diamond industry and a champion of community empowerment, hosted its 12th Annual Mass Marriage Festival on 27th November 2024. The event united 32 couples in a heartfelt ceremony at the HK Hub Facility in Surat, bringing the total number of couples joined under this initiative to an inspiring 553. This year, the couples hailed from 50 villages, 40 cities, and 4 states, exemplifying the diversity and reach of this cherished tradition.   Reflecting the spirit of love, community, and care, the festival drew over 2,000 attendees, including family members, friends, and well-wishers from the Hari Krishna community and the company’s top management. Each couple was blessed with essential household items, including gold ornaments, silverware, and home essentials, symbolising the company’s commitment to supporting their new beginnings. Speaking at the event, Savji...

Gemfields announces auction results of higher-quality emeralds   Gemfields announces the results of an auction comprised of higher-quality rough emeralds held during the period 4 – 21 November 2024. According to the reported highlights of the November 2024 Higher-Quality Emerald Auction is, 1: Total auction revenues of USD 16.1 million, 2: 43 lots were offered for sale of which 30 were sold (70%), 3: 141,084 carats of 200,460 offered were sold (70%), 4: Average price of USD 113.96 per carat, 5: The 50 auctions of Kagem gemstones held since July 2009 have generated USD 1,068 million in total revenues.   Adrian Banks, Gemfields’ Managing Director of Product & Sales, commented, “While the top quality lots in this auction saw bidding within touching distance of our all-time records for emeralds, the overall result for this auction is very disappointing, driven by fewer and poorer bids for lesser quality grades. While the wider luxury and gemstone markets are undeniably...

The campaign for NDs revives the iconic A Diamond is Forever   De Beers Group launched a new marketing campaign, Forever Present, to reinforce desirability for natural diamonds over the key holiday gifting season in the U.S. The campaign sees the return of the iconic; A Diamond is Forever, tagline following its reintroduction to De Beers’ category marketing activities last year.   Highlighting a diverse array of gifting opportunities for natural diamonds this holiday season, the campaign celebrates familial, friendship and romantic relationships under the premise that natural connections deserve natural diamonds, making them the ideal choice for celebrating special moments with special people. The campaign reinforces the notion that natural diamonds are a store of emotional value that enable precious memories to remain forever present.  The campaign features diverse real-life couples, illustrating unforgettable moments and key milestones worth celebrating with th...

GJEPC, urges the Government to align the definition of NDs & LGDs The Gem & Jewellery Export Promotion Council (GJEPC), apex body for the gem & jewellery (GJ) trade in India, has adopted the new mandated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the United States (U.S.). The FTC’s updated guidelines provide a clear, standardised definition of diamond (ND) and distinct terminology for laboratory-grown diamonds (LGDs), ensuring clarity and transparency for both industry stakeholders and consumers.    GJEPC’s members will ensure compliance with the new definition of ‘diamond’ and request all other gem and jewellery trade bodies and retailers to do the same. Additionally, GJEPC is leading the consultation with the Govt. and made representation to the Consumer Affairs Ministry to align this new definition with the country’s consumer laws.    This alignment will empower consumers to make info...

Organizes Mega Blood Donation Camp & 616 blood units collected   Bharat Diamond Bourse Organizes Mega Blood Donation Camp on 26/11 Martyrs’ Remembrance Day! On the solemn occasion of the 26/11 Martyrs' Remembrance Day, Bharat Diamond Bourse (BDB) organized its annual Mega Blood Donation Camp, honoring the memory of those who lost their lives in the tragic 2008 attacks.  This year, the camp saw an incredible response from the BDB community, with a total of 616 blood units collected to support hospitals and healthcare services.    As part of the initiative, 494 blood units were donated by BDB members and office employees, including 122 units from BDB employees and outsourced staff. Additionally, BDB’s partners, including Tata Blood Bank (212 units), Jaslok Hospital (204 units), and Mahatma Gandhi Blood Bank (200 units), played a key role in collecting a total of 616 units.    The blood donation camp is a tribute to the bravery and sacrifice of the 26/11...

3rd Season Inaugurated by Amir Lone, Captain of JK Para Cricket Team   BDB Sports Complex is proud to announce the opening of its state-of-the-art padel court, a significant addition aimed at enhancing sports and recreation in the region. The ceremony was graced by the esteemed presence of Amir Hussain Lone, Captain of Jammu & Kashmir’s Para Cricket Team, who officially inaugurated the facility, marking a new chapter in promoting inclusive sports.   The event was attended by a vibrant mix of sports enthusiasts, community members, and local dignitaries, all gathered to celebrate the expansion of the BDB Sports Complex. During his address, Lone shared his personal journey, recounting the challenges he has faced throughout his career.  His powerful message emphasized resilience, the importance of never giving up, and the need to move forward in life despite the obstacles it may present. Lone's story of perseverance has inspired countless individuals, especially t...

CCPA hosts consultation for the protection of consumer interest   Guidelines would eliminate Confusion by Standardizing Terminology for Natural Diamond (ND) and Lab-Grown Diamonds (LGDs)! The Central Consumer Protection Authority (CCPA), organized a Stakeholder Consultation on Consumer Protection in the Diamond Sector to deliberate on the use of appropriate terminology for diamonds. The consultation, chaired by Nidhi Khare, Chief Commissioner, CCPA, brought together key industry stakeholders and experts.   The meeting addressed critical concerns regarding the lack of standardized terminology and inadequate disclosure practices in the diamond sector. These gaps have resulted in consumer confusion and misleading practices, especially concerning the differentiation between natural diamonds and lab-grown diamonds.   During the consultation the broad key aspects and prevailing Legal and Regulatory frameworks were discussed in detailed. For example, the Legal Metrol...