GJ Town India

  Ink & sign key MoUs at Bangkok Gem and Jewelry Fair 2025   A high-level delegation of 18 members from the Gem and Jewellery Export Promotion Council (GJEPC), Jewellers Association Jaipur, and Sitapura Gems and Jewellery Industry Association visited Thailand from 22nd to 24th February 2025 to explore collaborative opportunities in the sector, reflecting a unified effort to strengthen trade ties between India and Thailand.   The most significant highlight of the delegation was the signing of three Memorandum of Understanding (MoUs) on the opening day of the Bangkok Gem and Jewelry Fair (BGJF) on 22nd February 2025. These landmark agreements were signed in a grand ceremony in the presence of key Thai industry stalwarts and highlighted the commitment of both countries to fostering long-term cooperation in the gems and jewellery sector. The MoUs were signed as follows:  1: GJEPC's Indian Institute of Gems and Jewellery Research and Laboratories Centre (IIGJ-...

  India marking a pivotal moment at Inhorgenta 2025   India proudly takes on the role of official partner country at Inhorgenta 2025 , marking a pivotal moment in the global gem and jewellery (GJ) industry. The show, taking place from 21st to 24th February, was inaugurated at the India Pavilion by Shatrughna Sinha, IFS, Consul General of India, Munich; Kirit Bhansali, Chairman, GJEPC; Stefan Rummel, CEO of Messe München; and Stefanie Maendlein, Exhibition Director of Inhorgenta.    Curated by the Gem & Jewellery Export Promotion Council (GJEPC), the India Pavilion is showcasing a stunning array of diamond jewellery, gold and platinum pieces, fine jewellery, and loose gemstones. These collections highlight India’s ability to blend traditional craftsmanship with contemporary design, offering global buyers unmatched quality and artistry.   Speaking at the inauguration, Sinha Said, “Germany is one of India’s key trading partners in Europe, with stron...

  Gem mining industry back on track to continue that trajectory   Further to the announcement made by the Company on 8 January 2025, Gemfields is pleased to announce that the Honourable Minister of Finance of Zambia, Dr Situmbeko Musokotwane, has suspended the 15% export duty on precious gemstones and metals by issuing Statutory Instrument No. 4 of 2025 on 18 February 2025 (the Customs and Excise (Precious Stones and Metals) (Export Duty) (Suspension) Order). This suspension is effective immediately. As a result, the 15% export duty on precious gemstones will no longer apply to the Zambian emeralds mined by Kagem Mining Limited ("Kagem") which is 75% owned by Gemfields and 25% owned by the Zambian Government's Industrial Development Corporation.    Sean Gilbertson, CEO of Gemfields, said, “We express our sincere thanks to President Hakainde Hichilema’s government for their prompt and impressive action in addressing the 15% export duty on precious gemstones. ...

  Trending to maintain its upward momentum!   Gold trend show that it is eyeing on ongoing developing geo-political scenario especially keeps an eye on Russia-Ukraine peace talks! As concerns about a possible global trade war fueled demand for safe-haven assets, uncertainty about U.S. President Donald Trump's tariff proposals continued to drive gold's strength today.   In terms of geopolitics, a group of European leaders decided during a conference in Paris on Monday, 17 th February that they were prepared to provide Ukraine with security assurances, but that it would be risky to reach a truce without also reaching a peace deal is learning at the Augmont Bullion. To discuss the ongoing conflict between Russia and Ukraine and to strengthen bilateral ties, top Russian and American officials, including foreign ministers, will gather in Saudi Arabia today. Three years after Ukraine's invasion, the conference is expected to be significant because of the US's role i...

  PMI that held during February 16th to February 18th, 2025   Recently, 7th edition of PMI, held by the All India Gem & Jewellery Domestic Council (GJC), during February 16th to 18th, 2025, at Hyatt Regency, Gurugram. At the occasion, Rajesh Rokde, Chairman-GJC said, “ As Chairman of the All India Gem & Jewellery Domestic Council, I am proud that Preferred Manufacturer of India (PMI) has set a new benchmark.   PMI is more than just a platform; it’s a transformative initiative that fosters meaningful business relationships, strengthens brand positioning, and enhances profitability. The inauguration in Gurugram, with Honorable MLA Shri Mukesh Sharma Ji lighting the ceremonial lamp, was a landmark event, bringing together 42 leading manufacturers and 200+ prominent retailers from across India from16th to 18th February.   I was deeply honored to take the oath as Chairman during the installation ceremony, alongside Avinash Gupta as Vice Chairman, and ...

  Also announces, Shaunak Parikh as Vice Chairman & CoA   Gem & Jewellery Export Promotion Council (GJEPC), the country’s apex nodal trade body, announced the appointment of Kirit Bhansali as Chairman; Shaunak Parikh as Vice Chairman and announced the constitution of new Committee of Administration (CoA) after the completion of the CoA Election 2024.    Kirit Bhansali, Chairman, GJEPC, said, “Our vision is to drive transformative growth for India’s gem and jewellery industry through strategic initiatives, innovative projects, and collaborative efforts.    From advancing flagship projects like the India Jewellery Park in Mumbai and the Gem Bourse in Jaipur to expanding our global footprint with initiatives like Saudijex in Saudi Arabia and IJEX Dubai, we aim to position India as a global leader in technology, design, and manufacturing.    Together, we will strive to achieve the ambitious export target of USD 100 billion by 2...

  India’s January Gem & Jewellery exports cross US$ 2237 mn   “Even after the several attempts and efforts of GJEPC & Union Government to hike up the Gem & Jewellery (GJ) exports of India and to attain a higher target, the global economic weakness, inflations, geopolitical uncertainties and poor demand are the factors that pull down the India’s GJ exports!   Additionally, rocketing gold price has changed the buyer’s attitude from jewellery buying to gold investment trend,” said; Nayan Jani, Editor-GJ Town India amid discussion with media player.  The overall gross exports of India’s Gems & Jewellery total at US$ 2237.14 million (mn) (Rs.19302.280 crores) in the month of January 2025 is showing a decline of 7.01% (-3.47% in Rs. term) as compared to US$ 2405.78 million (Rs. 19995.66 crores) for the same period previous year.    On the other hand, overall; India’s gross imports of Gems & Jewellery registered at US$ 1421.61 million (...