GJ Town India

  Plain Gold Jewellery category recorded Growth of 39%   According to the available export figures of India’s exports, Gold Jewellery (Plain & Studded) for the month of March 2025, the total gross export of Gold Jewellery at US$ 1111.76 million (Rs. 9617.85 crores) in month of March 2025 is showing a growth of 27.27% (32.60% in Rs. term) as compared to US$ 873.54 million (Rs. 7253.30 crores) for the same period of previous year. Looking at the full year exports from April 2024 to March 2025, the provisional gross export of total Gold Jewellery for the period April 2024 to March 2025 at US$ 11215.46 million (Rs. 94937.78 crores) shown a decline of 0.11% (2.01% Rs. term) over the comparative figure of US$ 11227.72 million (Rs. 93066.82 crores) for previous year.    Plain Gold Jewellery category recorded the total export of US$ 577.12 (Rs. 4990.43 crores) in month of March 2025 is showing a Growth of 39.0(44.75% in Rs. term) as compared to US$ 415.2(Rs. 3447.67 ...

  A nationwide month-long retail activation designed drive!   Platinum Guild International (PGI) – India proudly announces the return of its iconic retail programme, the seventh edition of Platinum Season of Love, set to unfold from 25th April to 31st May 2025. As a strategic anchor in PGI India’s annual calendar, this retail initiative continues to play a pivotal role in catalyzing both consumer demand and retailer engagement for platinum jewellery in India.   The retail activation will showcase a diverse range of platinum jewellery across key consumer segments, in collaboration with PGI’s trusted retail partners. This year, Platinum Season of Love is expected to see participation from 1800+ doors, in 360 metro, tier 1, 2 & 3 cities across the country.   Over the years, this marquee retail initiative by PGI India has significantly contributed to the growth of platinum jewellery sales, boosting demand ahead of the festive season and driving higher footfalls at re...

  Average silver price jumped by 21 percent in 2024!   Silver industrial demand rose 4 percent in 2024 to 680.5 million ounces (Moz), reaching a new record high for the fourth consecutive year. Demand continued to benefit from structural gains linked to the green economy, including investment in grid infrastructure, vehicle electrification, and photovoltaic (PV) applications. Demand was further boosted by end-uses related to artificial intelligence (AI), which drove growth in consumer electronics shipments. Overall, global silver demand exceeded silver supply for the fourth consecutive year, resulting in a structural market deficit of 148.9 Moz in 2024. Notably, during 2021-2024, the combined deficit reached 678 Moz, equivalent to 10 months of global mine supply in 2024.    These and other key aspects of the 2024 silver market are examined in the World Silver Survey 2025, released by the Silver Institute. The 88-page Survey also provides an outlook for the silver...

  Global scenarios have impacted India’s GJ exports 2024-2025   India’s overall gross exports of Gem & Jewellery (GJ) remained at US$ 2582.97 million (Rs. 22340.89 crores) in the month of March 2025 is showing a growth of 1.02% (5.24% in Rs. term) as compared to US$ 2556.97 million (Rs. 21228.71 crores) for the same period previous year.   The overall gross imports of Gems & Jewellery in India registered at US$ 1939.30 million (Rs. 16783.49 crores) in month of March 2025 is showing a decline of 7.20% (-3.26% in Rs. term) as compared to US$ 2089.76 million (Rs. 17349.51 crores) for the same period previous year. Looking at the whole year’s activities for the period of April 2024 to March 2025, overall gross exports of Gems & Jewellery-India at US$ 28500.08 million (Rs. 241089.50 crores) is showing a decline of 11.72% (-9.82% in Rs term) as compared to US$ 32283.05 million (Rs. 267350.83 crores) for the same period previous year.    Equally, at...

  World’s largest functional bourse hosts the delegation   Bharat Diamond Bourse (BDB) hosted two prominent dignitaries C.R. Patil, Union minister of Jalshakti, Government of India and Harsh Sanghvi, Minister of Home, Industries, Transport, Youth & Sports, Government of Gujarat for a tour of BDB, which is today the largest functional Diamond Exchange in the world.   Kirit Bhansali, Chairman, GJEPC, Anoop Mehta, President BDB, Mehul Shah, Vice President BDB were present during the welcoming ceremony of dignitaries. The honorable Harsh Sanghvi went to Ayambi Oli, a religious event where over 2000 devotees were having ambil. Sanghvi served food to devotees. Later they visited GJEPC office and toured the newly opened Customs department and logistics area, post which Bharat Shah invited the ministers to Mumbai Diamond Manufacturers Association and gave a firsthand view of the MDMA along with facts on employment offered to people as well as access to traders who reg...

GJEPC & Trade Opportunities, insightful seminar held   The Gem & Jewellery Export Promotion Council (GJEPC) successfully organized an insightful seminar titled, GJEPC and Trade Opportunities- for the gem and jewellery community of Zaveri Bazaar on April 11, 2025. The event was aimed at raising awareness about the Council’s various initiatives and support systems designed to boost the growth and global reach of the Indian gem and jewellery industry.   The seminar drew a strong turnout, with more than 200 industry professionals in attendance, including exporters, traders, wholesalers, young entrepreneurs, and members of prominent trade bodies. The seminar began with a welcome address by Khusboo Ranawat, Regional Chairperson, Western Region and GJEPC Regional Representative, who highlighted the Council’s ongoing efforts to empower MSMEs and exporters by providing market intelligence, financial assistance, and opportunities for international exposure. The speaker e...

  Lower premium rubies production impacted by revenues! Recently, Gemfields announces the publication of the Company's audited Annual Report and Accounts for the year ending 31 December 2024 (2024 Annual Report). According to the related report summary, total annual revenue of USD 213 million, down from USD 262 million, due to disrupted market for emeralds in H2 2024 and lower production of premium rubies at MRM impacting achievable auction revenues. Construction of second processing plant in Mozambique is materially on track and on budget with completion expected by end of H1 2025. Mining at Kagem continues to be paused, with emeralds only produced by processing the pre-mined stockpile. Reasonable emerald production achieved but with a lower rate of premium emeralds to date.    Operating costs down to USD 172 million (2023: USD 179 million). Significantly lower operating costs expected in 2025. EBITDA margin of 19.2% (2023: 31.7%) due to lower revenues at MRM and Kagem...