GJ Town India

  Unlocking the full potential of a revitalised partnership    The Prime Ministers of India and the United Kingdom, during their meeting on 24 July 2025 in London endorsed the new India-UK Vision 2035 that reaffirms their shared commitment to unlocking the full potential of a revitalised partnership. This ambitious and future-focused agreement underscores the two nations’ resolve to work together for mutual growth, prosperity and to shape a prosperous, secure, and sustainable world in a time of rapid global change.    Increased ambition: Since elevating the relationship to a Comprehensive Strategic Partnership, India and the UK have catalysed significant partnerships and growth across all sectors. The new vision builds on this momentum, setting ambitious goals to deepen and diversify bilateral cooperation.    Strategic Vision: By 2035, flagship partnerships will redefine the India-UK relationship delivering transformative opportunities and tangible b...

  Unlocks India’s export opportunity, including gem and jewellery   India and the United Kingdom have taken a major step in building a stronger economic partnership with the signing of the Comprehensive Economic and Trade Agreement (CETA) under the visionary leadership of Prime Minister Shri Narendra Modi.   In the presence of Prime Minister Shri Narendra Modi, UK Prime Minister Keir Starmer, the agreement was signed by Commerce and Industry Minister, Piyush Goyal and Secretary of State for Business and Trade, Jonathan Reynolds. Dr. S. Jaishankar, Minister of External Affairs and Rachel Reeves, Chancellor of the Exchequer were also present.   This FTA marks a significant milestone in India’s engagement with major developed economies and reflects a shared commitment to strengthening economic integration. As the world’s fourth and sixth largest economies respectively, India and the UK’s bilateral engagement holds global economic significance. The signing of...

  The prolonged period of lower demand; the key reason!   Rough diamond production in Q2 2025 decreased by 36% to 4.1 million carats, reflecting a planned production response to the prolonged period of lower demand.   In Botswana, production decreased by 44% to 2.7 million carats, as a result of extended maintenance at Orapa  as well as actions to lower production, which included putting the Letlhakane Tailings Treatment Plant on care and maintenance. Jwaneng production was broadly consistent with the prior period.   Production in Namibia decreased by 5% to 0.5 million carats, as a result of planned actions to lower production at Debmarine Namibia. Following a fleet optimisation study, the Coral Sea vessel was retired and the Grand Banks vessel has been taken out of service, pending a decision on potential decommissioning or sale. This was partially offset by planned mining of higher-grade areas at Namdeb.    In South Africa, the output fro...

  Entirely a fresh issue of shares up to 18,096,000 equity shares   Shanti Gold International Limited has fixed the price band of ₹189/- to ₹199/- per Equity Share of face value ₹10/- each for its maiden initial public offer. The IPO is entirely a fresh issue of shares up to 18,096,000 equity shares with no offer for sale component.    The Initial Public Offering (IPO or Offer) of the Company will open on Friday, July 25, 2025, for subscription and close on Tuesday, July 29, 2025. Investors can bid for a minimum of 75 Equity Shares and in multiples of 75 Equity Shares thereafter.   Shanti Gold International was founded as a partnership firm in 2003, by promoters, Pankajkumar H. Jagawat and Manojkumar N. Jain is a leading manufacturer of high-quality 22kt CZ casting gold jewellery, in terms of installed production capacity, specializing in the design and production of all types of gold jewellery (Source: CARE Report).   The company offers a wide range of hig...

  Even if the slow diamond Exim, India moves with confidence!   Even if I did not suggest and express the view about the diamond exports of India and import trend, just look at the statement of mining player that said in the  1Q 2025 & released recently: “By commenting on the market condition, Gem Diamonds said in their 1H report, “In the report operational and cost management measures in response to market conditions: Considering the prolonged weakness in global diamond prices, compounded by a weak US dollar and ongoing US tariff uncertainties.    Gem Diamonds has implemented decisive measures to conserve cash and protect shareholder value. While the Company has met its production targets, it has not been immune to the sustained pressure on rough diamond prices and adverse exchange rate movements.” Now, one can draw their own conclusion & outlook of the trend for 2Q FY 2025-26.    India’s overall gross export of Cut & Polished ...

  India’s Gem & Jewellery exports eye to cut big pie from India-UK FTA   At the invitation of the Prime Minister of the United Kingdom, Sir Keir Starmer, Prime Minister Shri Narendra Modi will pay an official visit to the United Kingdom from 23 – 24 July 2025. This will be Prime Minister Modi’s fourth visit to the UK. During the visit, both leaders are likely to sign & seal the India – UK Free Trade Agreement (FTA).    Previously, Hon’ble Prime Minister of India Shri Narendra Modi and Hon’ble Prime Minister of the United Kingdom Keir Starmer have announced the successful conclusion of a mutually beneficial India – UK Free Trade Agreement (FTA) on the sidelines of the G-20. ( Full details are available at: https://gjtownindia.blogspot.com/2025/07/successfully-concluded-huge-win-win.html )    In the meantime, GJEPC has taken several initiatives to boost the strategic India – UK Free Trade Agreement (FTA) . According to the GJEPC, “Unite...

  With 67% stake strengthen GCC market presence   Titan Company Limited through its wholly owned subsidiary Titan Holdings International FZCO has entered into an agreement for the sale and purchase of shares-definitive agreement, to acquire 67% stake in Damas LLC (UAE), current holding company for Damas jewellery business in GCC countries from Mannai Corporation.    The current Graff Monobrand Franchisee business of Damas LLC will be discontinued before completion of the Proposed Transaction. The consideration for the Proposed Transaction is arrived on the basis of the enterprise value of AED 1,038 million. On completion of the acquisition, Titan Holdings would hold 67% of the equity share capital and voting rights in Damas LLC and a path to acquire the balance 33% stake from Mannai after 31st December 2029, subject to conditions agreed upon in the definitive document.  The completion of the Proposed Transaction would be subject to certain conditions precedent,...