GJ Town India

Business Leader of the Year Award by GJEPC   In a glittering celebration of excellence, the gem and jewellery industry bestowed its highest honour upon ten luminaries at the prestigious IIJS Signature Show, as they were inducted into the coveted Hall of Fame category.  The event served as a platform to recognise the outstanding contributions of these trailblazers who have left an indelible mark on the industry.    This momentous occasion not only celebrated the achievements of these 10 luminaries but also highlighted the collective spirit of the gem and jewellery community. The sparkling players are, Govindbhai Laljibhai Dholakia of Shree Ramkrishna Exports Pvt. Ltd. (SRK), Shailesh Sangani, of Priority Jewels.    Joy Alukkas of Joy Alukkas Jewellers, K Srinivasan of Emerald Jewel Industry India, Pramod Kumar Agrawal (Derewala) of the National Gem & Jewellery Council of India (NGJCI), Nirupa Bhatt, consults-gem and jewellery businesses, Tehmasp Printer of IGI, Rajesh Kalyanar

The show accommodates 1,500+ exhibitors occupying 3,000+ stalls   Union Minister Piyush Goyal inaugurated the New Year’s first and largest-ever India International Jewellery Trade Show-IIJS Signature; Gem & Jewellery Trade, organised by the country’s apex trade body, the Gem & Jewellery Export Promotion Council (GJEPC).    The 16th edition of GJEPC's IIJS Signature will witness 30,000+ visitors (including international buyers) from 800 Indian cities and 60 countries. The show boasts of 1,500+ exhibitors occupying 3,000+ stalls across a sprawling 1.25 lakh sq. mt. of exhibition area.    For the first time ever, the New Year’s first top-of-the-line design centric jewellery trade show along with the India Gem & Jewellery Machinery Expo (IGJME) is being held at two venues in Mumbai: JIO World Convention Centre, BKC (4-7 January) & Bombay Exhibition Centre, NESCO, Goregaon (5-8 January). This expansion aims to offer exhibitors and visitors more space, fostering a r

CPD exports of India fall to 28.27% 9mYoY    The overall gross Exports of Cut & Polished Diamonds (CPD) during the April-December (9month) 2023 totaled at US$ 11926.1 million (Rs. 98638.48 crores) is showing a decline of 28.27% (-25.32% Rs. term) as compared to US$ 16625.45 million (Rs. 132075.49 crores) for the same period of previous year.    The overall gross Imports of Cut & Polished diamonds during the April-December 2023 reached to US$ 1495.33 million (Rs. 12390.84 crores) is showing a growth of 42.95% (48.74% Rs. term) as compared to US$ 1046.06 million (Rs. 8330.81 crores) for the same period of previous year. The overall gross Imports during April-December 2023, of Cut & Polished diamonds in DTA at US$ 318.87 million (Rs. 2637.24 crores) is showing a Decline of -14.25 (-11.13% Rs. term) as compared to US$ 371.84(Rs 2967.4crores) for the same period of previous year.    The overall gross Imports during April-December 2023, of Cut & Polished diamonds in SEZ

The new board of JVC appointed for 2024-2026   The Jewelers Vigilance Committee (JVC) announces the appointment of its new board officers for 2024-2026.  Rebecca Foerster, Chairman- Board of Directors: Rebecca Foerster, President of Hearts on Fire North America, has been elected Chairman of the Board of Directors of the Jewelers Vigilance Committee. Rebecca joined Hearts on Fire in May of 2022, after her three-year role as President of Alrosa North America ended with the closure of the US office that April.    Hearts on Fire is one of the largest diamond jewelry brands, is owned by Chow Tai Fook, and is known as “The World’s Most Perfectly Cut Diamond.” Rebecca is the former Senior Vice President of Strategic Planning and Marketing for Leo Schachter Diamonds. Before joining Leo Schachter in 2014, she oversaw Diamond Sales and Marketing as the Vice President for the Rio Tinto US Representative Office and was Vice President of Marketing at Frederick Goldman.    Rebecca served as the

The special interactive session from DGFT at the IGJS 2024   Key insights from the exclusive interactive session featuring Santosh Kumar Sarangi, DG, Director General of Foreign Trade (DGFT) at the Ministry of Commerce & Industry, Government of India. Here is the top ten key takeaways!   1: India stands as one of the largest buyers of gold globally, showcasing considerable buying power that can potentially influence the streamlining of gold prices and availability.   2: Recognising the fragmented nature of gold demand in India, spanning from small to large jewellers and varying from kilograms to tons, there's a pressing need for streamlining.  3: India currently holds the position of the 4th largest exporter. With immense potential, the aim should be to become the foremost exporter globally.    4: Drawing a parallel with Switzerland, we need champions in India investing in creative designs catering to Western tastes.    5: Collaboration between the Department of Commerce

To position India as top supplier, design creator & value-adding hub for gold jewellery    India's gold jewellery ecosystem stands strong in infrastructure, policies, exports, retail, design, and innovation, and is poised for a significant role on the global stage. Santosh Kumar Sarangi, Director General, DGFT, Union Ministry of Commerce & Industry, Govt. of India urged GJEPC to popularize Indian jewellery exports through e-commerce; and to position India as top supplier, design creator & value-adding hub for gold jewellery.   These were the key takeaway from the India Gold & Jewellery Summit, the two-day (23-24 January) organised by Gem & Jewellery Export Promotion Council (GJEPC) at Bharat Mandapam in the Capital. The Summit aims to enhance and expand the role of gold in the economic growth of the country.  World Gold Council was the lead partner for the Summit.    Marking their presence at the inaugural were Santosh Kumar Sarangi, Director General, DGFT, Unio

  Indispensable role of e-commerce in shaping GJ future   In a groundbreaking initiative, the Gem and Jewelry Export Promotion Council's (GJEPC) MSME department, in collaboration with eBay and DHL, orchestrated a triumphant seminar at the vibrant Zaveri Bazaar, Mumbai. The event marked a significant milestone as it unfolded the vast e-commerce prospects within the gems and jewelry (GJ) sector, illuminating its pivotal role in the industry's trajectory. The Regional Director of Rajasthan, GJEPC, Nitin Khandelwal, spearheaded the seminar by providing a comprehensive overview of e-commerce and its indispensable role in shaping the future of the gem and jewelry trade. eBay, a global e-commerce giant, took the stage to deliver a thorough presentation, underscoring its role as a pivotal platform connecting businesses with a staggering presence in over 190 countries.  The presentation highlighted eBay's commitment to facilitating businesses through dedicated account management