GJ Town India

  Much needed a clearer definition to avoid buyer confusion   The World Jewellery Confederation (CIBJO) is recommending a new definition of recycled gold to be used in the jewellery and watch sectors, so as to provide greater clarity and consistency both within the industry and marketplace. CIBJO will henceforth include the definition in the guidance documents it produces.   The definition, which covers recycled materials recovered during manufacturing and fabrication processes before being sold to consumers, and also gold recovered from materials after they have been sold to consumers, was developed through extensive discussions among industry experts. It is designed to set stricter criteria for secondary and circular gold supplies, and aims to improve the identification of inputs and outputs in the gold refining and fabrication processes, as well promoting transparent and responsible sourcing.   The full text of the new definition follows:    CIBJO acknow...

  Gold crossed in intra-day trading on Friday, 14 March   “Gold crossed US$3,000/oz in intra-day trading during the early hours of Friday 14 March and then again on Monday 17 March. While the LBMA Gold Price PM hasn’t officially crossed the mark, setting at US$2,996.50/oz on Monday, it has nonetheless grabbed the attention of investors and media outlets around the world, triggering a myriad of questions about its significance” Taylor Burnette, Research Lead, Americas-World Gold Council (WGC).   According to Dr. Renisha Chainani, Head - Research at Augmont as said in the Augmont Bullion Daily Report for March 18, “Gold continues its winning streak! Gold maintains its winning streak above $3025 (~Rs 88500) as Trump's tariffs are projected to exacerbate inflation and economic turmoil. Trump said he would hold Iran accountable for any strikes carried out by the Houthi group it supports in Yemen, as his administration escalated the largest US military operation in the Middle ...

  For 4,000 years, India was the only source for diamond in the world!   The process of natural diamond (ND) formation deep in the Earth’s mantle, and the dramatic journey undertaken by the diamonds to reach the surface of Earth means that natural diamonds are innately rare. Diamonds were created billions of years ago when carbon was crystallised by extreme heat and pressures more than 100 miles beneath the Earth’s surface.    They were brought to the surface millions of years ago in volcanic eruptions, carried as accidental passengers in a lift (travelling at 1,000 km per hour) of lava and molten rock. Most diamonds then remained at the site of the volcanic eruption where the rock solidified as a kimberlite pipe. Some were washed away to lie on river beds, the ocean floor and beaches.    Even once they reached the surface of the Earth natural diamonds are hard to find. The first diamonds were found in rivers in India. For 4,000 years this was t...

Global trade uncertainties pull down GJ exports of India!    Donald Trump feel, “For many years, the United States has been treated unfairly by trading partners, both friend and foe.  This lack of reciprocity is one source of our country’s large and persistent annual trade deficit in goods- closed markets abroad reduce United States exports and open markets at home result in significant imports.” This policy has brought additional uncertainties in the global trade. Well Nirmala Sitharaman, FM-India has assured India’s Gem & Jewellery (GJ) exports yet, along with several global weaknesses, including geopolitical risk, reciprocal trade and tariffs of US adds fuel to the flame! Overall, all these weaknesses & uncertainties restricted India’s GJ Exports for the month of February. No doubt, Import also seen tumbled accordingly in the month of February 2025. Over all export-imports (Exim) both, remains weak!    The overall gross exports of Gems & Jewel...

  New collection designed to redefine an everyday luxury    CaratLane - A TATA Product, unveils Eternity -a breathtaking new collection designed to redefine everyday luxury. Featuring exquisitely crafted tennis bracelets, necklaces, and earrings, the collection elevates classic diamond jewellery with unparalleled fluidity and comfort.  With prices that suit every jewellery lover’s pocket, CaratLane’s Eternity collection is designed for those who embrace iconic style without compromise. The collection redefines luxury as an experience -seamlessly blending elegance with everyday movement. By offering eternity jewellery in this price range, Eternity fills a unique gap in the market, making timeless sophistication more accessible than ever.    Saumen Bhaumik, CEO & MD of CaratLane, shared his thoughts on the launch, "With Eternity, we set out to reinvent a classic with a contemporary twist. This collection is for the modern wearer—someone who appreciates so...

  Held in alliance with India Bullion & Jewellers’ Association   The Bureau of Indian Standards (BIS), the National Standards Body of India, is a statutory body functioning under the aegis of the Ministry of Consumer Affairs, Food and Public Distribution, Government of India. It operates various schemes such as Product Certification (ISI mark), Management Systems Certification, Hallmarking of Gold and Silver Jewellery/Artefacts, and Laboratory Services for the benefit of the industry, ultimately aiming at consumer protection.    BIS works together with licensees to enhance the quality landscape of the nation. To obtain a BIS license, a manufacturer must have the requisite manufacturing infrastructure, appropriate process controls, quality control, and testing capabilities for the product as per the relevant Indian Standard (IS). The product must also conform to all requirements laid down in the IS.  The Bureau grants the license based on a successfu...

  Alexey Moiseev confirmed that the Ministry had made a provision    Russia’s Finance Ministry is currently monitoring the trends of the diamonds market, planning to decide on acquisitions of diamonds from Alrosa to the State Precious Metals and Gems Repository (Gokhran) at the end of the second quarter, Deputy Finance Minister Alexey Moiseev told domestic reporter. He confirmed the information that the Finance Ministry had made a provision for purchases of diamonds from Alrosa to Gokhran for 2025. "At this stage we are monitoring the market dynamics so far, indeed, it is rather weak, though not much time has passed," he said.    "Fundamentally, the first quarter is rarely strong. I think that we will actually see how much the situation has changed structurally, or this has rather been a seasonal factor, at the end of the second quarter, and then we will be taking a decision," the official added.    Earlier, Moiseev said that the Finance Ministry was...