Author name: JNI

Gold prices in India rose by 21% in 2024, owing to central bank policies, geopolitical threats, and strong worldwide demand. As of January 1, 2025, gold prices were Rs 78,000 per 10 kilos for 24K, with forecasts indicating an increase to Rs 85,000-90,000 by 2025. While gold outperformed other commodities in 2024, analysts recommend that […]

The Gemmological Institute of India (GII) opened its new Pune branch on December 23, 2024, with a ribbon-cutting ceremony led by Chief Guest Shailesh Ranka. The event demonstrated GII‘s dedication to provide superior gem and jewellery certification services in Pune. Dr. Reddy, CEO of GII, welcomed guests and led a tour of the cutting-edge laboratory,

Jos Alukkas has launched The Diamond Fest, which offers diamond enthusiasts exceptional deals, interesting prizes, and premium collections. Exclusive offers Customers will receive a complementary 500-milligram gold coin for every carat of diamonds purchased, along with a ₹15,000 discount on diamond jewellery. The festival also allows attendees to exchange old gold for globally lab-certified diamonds

Limelight Diamonds, a prominent lab-grown jewelry brand, plans to build seven new exclusive locations in India by the end of the year to meet rising consumer demand for sustainable and inexpensive lab-grown diamonds. Pooja Sheth Madhavan, Founder and Managing Director, emphasized the tremendous increase in awareness of lab-grown diamonds, with most customers now understanding that

GJEPC has launched a two-month online Exporters Development Program (EDP) across India, beginning on December 13, 2024. Designed to assist gem and jewellery makers and traders looking to join export markets, the program focuses on improving participants’ grasp of export basics, offering practical expertise, and answering questions. The EDP consists of eight important modules designed

GJEPC recently hosted a webinar on India’s expanding gold ecosystem, highlighting the critical role of the India International Bullion Exchange (IIBX). Mr. Ashok Gautam, MD & CEO of IIBX, gave a detailed presentation on the exchange’s history, characteristics, and key contributions to the industry during a session moderated by Mr. Maulik Shah. IIBX, which already

The Department of Consumer Affairs (DCA) reported a good year for its hallmarking programs, with more registrations and a broader reach for customers. In its 2024 year-end evaluation, the DCA noted substantial progress in assuring the purity and quality of gold jewellery and antiquities. Between April 1st and November 25th, 2024, hallmarking registrations increased 4%,

The GJEPC recently held a special session on bullion imports and options for hedging gold price risks via the India International Bullion Exchange. It was attended by 35 people, including jewelers, bullion merchants, and TRQ holders. The session was headed by Mr. Ashok Seth, Regional Chairman-Northern Region, and Mr. Antar Pal Singh, Regional Committee Member.

On December 26th, Vipul Shah, Chairman of the GJEPC, met with Hon’ble Finance Minister Smt. Nirmala Sitharaman in Delhi for a pre-budget consultation. During the discussion, Mr. Shah made crucial proposals on behalf of the gem and jewellery sector to promote growth, improve global competitiveness, and solve the industry’s essential concerns. Vipul Shah, Chairman of

GRT Jewellers celebrates their 60th anniversary by breaking its own Guinness World Record for the heaviest set of gold earrings. The Mega Jhumkas, which weigh 3.527 kilos of 22-carat gold, highlight the brand’s extraordinary craftsmanship and South Indian origin. Mr. G.R. ‘Anand’ Ananthapadmanabhan and Mr. G.R. Radhakrishnan, GRT’s Managing Directors, were presented with the Guinness