GJ Town India

  Yet, GJEPC endeavour to chase the big export target!     The overall gross export of Cut & Polished diamonds at US$ 1362.67 million (Rs. 11860.71 crores) in month of February 2025 is showing a decline of 20.2%(-16.260% in Rs. Term) as compared to US$ 1707.62 million (Rs. 14164.1 crores) for the same period of previous year.   The overall gross Imports of Cut & Polished diamonds at US$ 120.03 million ( Rs. 1044.59 crores) in month of February 2025 is showing a decline of 7.97% (-3.47% in Rs. term) as compared to US$ 130.43 million (Rs. 1082.17 crores) for the same period of previous year. The overall gross Imports of Cut & Polished diamonds in DTA at US$ 17.82 million (Rs. 155.1 crores) is showing a Growth of -56.78(-54.66% Rs. term) as compared to US$ 41.23(Rs 342.1 crores) for the same period of February 2025.   The overall gross Imports of Cut & Polished diamonds in SEZ at US$ 102.21 million (Rs. 889.49 crores) is showing a Grow...

  The opened up the Spring season in the GJ Industry & Trade!   Update 1: IIJS Tritiya 2025 & IGJME Tritiya remained graced by Chief Guest M.B. Patil, Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka, Guests of Honour A.B.S. Sanjjay, Managing Director, AVR Swarnamahal Jewellery Ltd and B A Ramesh, Joint Managing Director, Thangamayil along with Saravana, Member of Legislative Council and Dr. Chetan Kumar Mehta, President, Jewellers Association Bengaluru. India’s third largest and most comprehensive gem and jewellery (GJ) show IIJS Tritiya 2025 & IGJME Tritiya that inaugurated its 3rd Edition and opened up the spring in the gem & jewellery industry & trade! IIJS Tritiya 2025 & IGJME Tritiya, Bengaluru, the ultimate gem and jewellery sourcing destination; from fine craftsmanship to modern innovation find everything under one roof!    A grand opening session that held at BIEC, Bengaluru, unde...

  Ensuring India’s artistic heritage to address a global audience   Rituu B. Jhaveri, founder of Rowa’s Jewels, an esteemed Mumbai-based brand, stands as a modern visionary, blending a rich family legacy in the precious stone trade with her creative and entrepreneurial drive. An accomplished jewelry specialist and distinguished entrepreneur, Rituu is dedicated to carrying forward her family’s legacy in precious stones and diamonds, established over ninety years ago. Rituu’s early foray into fashion exhibitions revealed her flair for design and her unique sense of style. After completing her degree in Commerce from Jai Hind College in Mumbai, she deepened her understanding of jewelry by earning certifications in Jewelry Manufacturing and Designing from the Indian Institute of Jewelry in 2010.    During the Covid-19 pandemic, she expanded her knowledge by enrolling in the Marketing Luxury: Understanding the Complexities of a New World of Business, program from the ...

  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...