GJ Town India

He will step down from on 1 April 2022 a fter Distinguished 37 year career as Executive VP   Marc Jacheet to join company and lead consumer businesses   De Beers Group announced that Stephen Lussier, De Beers Group Executive Vice President for Brands & Consumer Markets, will step down from his executive responsibilities on 1 April 2022 after 37 years with the company. Stephen will continue to contribute to De Beers as a strategic advisor and will continue to serve in his role as Chairman of the Natural Diamond Council.   Stephen will be succeeded by Marc Jacheet. Marc brings a wealth of luxury goods, luxury jewellery, marketing and digital experience gained over a 25-year international career - most recently as President of Tiffany & Co. Europe, Middle East and Africa, and prior to that as President of Tiffany’s Asia Pacific region. Marc has also held a number of global marketing roles with LVMH, Danone and Unilever in Europe and the US. Bruce Cleaver, CEO, De Beers G

Indian GJ Exports Bounce Back to US$ 3.04 Billion versus December 2019   The Indian industry is back on a roll immediately after the October festive break. Gem and jewellery exports in December 2021 reaffirm this with a growth of 29.49% to US$ 3040.92 million (+37.11% in rupee terms to Rs. 22914.630 crores) as compared to as compared to US$ 2348.44 million (Rs. 16712.46 crores) for the same period 2019 – the pre-pandemic year.     The overall gem and jewellery exports from April 2021 to December 2021, grew 5.76% to US$ 29084.0 million (+11.61% in rupee terms to Rs. 216072.56 crores) as compared to compared to US$ 27500.85 million (Rs. 193587.67 crores) for the same period in 2019.  Colin Shah, Chairman, GJEPC, said, “India’s performance in the crucial Christmas quarter capped a spectacular year for the gem and jewellery industry. The Holiday bounce has managed to offset part of the post-Diwali export slump when factories normally take a short break.  Holiday and festive demand was

WGC to develop a framework to better understand gold valuation Gold does not directly conform to the majority of the most common valuation methodologies used for equities or bonds. Without a coupon or dividend, typical models based on discounted cash flows, expected earnings, or book-to-value ratios, struggle to provide an appropriate assessment for gold’s underlying value. This presented an opportunity for the World Gold Council (WGC) to develop a framework to better understand gold valuation. The Gold Valuation Framework (GVF) is a methodology that allows investors to understand the drivers of gold demand and supply and, based on market equilibrium, estimate their impact on price performance.  GVF powers our web-based tool, QaurumSM, which allows users to assess the potential performance of gold under customisable hypothetical macroeconomic scenarios provided by Oxford Economics.   Our analysis shows that the price performance of gold can be explained by the interaction of four key

A one of a kind jewellery manufacturing revolution  l ed by technological innovations and expertise!   Platform called, Tanishq Hi-Lites Tanishq, India’s largest jewellery retail brand from the house of Tata has introduced a unique Light Weight Jewellery platform called, Tanishq Hi-Lites. The jewellery major has piloted the lightweight Jewellery launch in a bid to cater to the growing consumer preference for lightweight gold ornaments and to further strengthen its position in the Gems and Jewellery Industry.   With a mounting shift in consumer preference towards lightweight jewellery, the emphasis on product engineering has once again taken the spotlight.   Tanishq has experimented with product reengineering initiatives such as design reconstruction through technological innovations, realignment of manufacturing processes and the introduction of a gold alloy with enhanced hardness and strength to offer 22 karat jewellery as part of material innovations that offers functional st

Celebrate Valentine’s Day with timeless diamond jewellery   Orra’s retail stores in India and online  introduces dazzling offers and new designs This Valentine’s Day, Orra re-introduces its most celebrated Diamond Festival, equipped with exciting discounts and benefits on their bestselling diamond jewellery. With a meticulously crafted diamond jewellery collection that showcases exceptional craftsmanship and classic diamond designs, Orra ensures a shopping experience with great value on every purchase.   To give a sparkling start to your new year, Orra introduces, Flat 10% off on products up to 2 Lakhs, Flat 15% off on products costing between 2 and 5 Lakhs & Flat 20% off on products above 5 Lakhs. In addition to this, Orra has curated two special jewellery designs for Valentine’s Day!   1: The  Valentine’s Set consist of a pair of diamond studded hoop earrings and 2 multi-use diamond heart pendants with a classic chain at an offer price of Rs.39,999. 2: Set in 14kt gold, this mult

When it will be offered without reserve, with purchase accepted in Cryptocurrency   Ahead of a Single-Lot Online Auction from 3 - 9 February  Named, The Enigma, this diamond is a true natural phenomenon. Much more than a jewel, it is a unique and precious object of curiosity. Weighing a staggering 555.55 carats and presenting exactly 55 facets, The Enigma is a marvel of rarity and size, and its brilliance and high polish are a testament to the delicate and highly skilled undertaking of diamond cutting. This diamond has been treasured for over two decades by the owner, and the diamond itself has never been exhibited publicly or offered on the open market, so we are thrilled to have the opportunity to tell its story to the world. Its sale represents an once-in-a-lifetime opportunity to acquire one of the rarest, billion-year-old cosmic wonders known to humankind.” Nikita Binani, Sotheby’s Jewellery Specialist & Head of Sale, London. “We are honoured that Dubai has been chosen as

Expecting a double digits growth  in the South India market 2022 De Beers Forevermark, one of the most trusted diamond brands, is upbeat about demand for diamonds in South India in 2022. The brand had already witnessed a huge response last year, and is expecting to grow in double digits this year too given the pent-up demand.   The brand continues to grow in South India, the largest market for De Beers Forevermark in India. While the brand has 270 doors in India spread over 60 markets, it looks forward to expanding this to 300and expanding its exclusive boutique stores as well from 12 to 30 by the end of this year. Of the 30 exclusive boutique stores, we will be setting up few stores in South India. The company’s research has shown that there is increasing demand for its natural, rare, beautiful and responsibly sourced diamonds in South India and that consumers here value the diamond’s quality over size.   The company is now focused on consolidation in the South as it sees immense