Author name: JNI

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

Mia by Tanishq is opening pop-up stores in smaller towns such as Dindigul and Thanjavur to reach clients in locations where permanent stores are not possible. The temporary pop-up boutiques, which will be open for a week at various locations, allow customers to examine and purchase jewellery. Sanjay Bhattacharjee, Head of Retail at Mia by

Swarovski reported a 20% year-on-year increase in India and anticipates this trend to continue in the future years. Nasr Sleiman, the company’s managing director for Southeast Asia, India, and the Middle East, described India as a “rocket market” with enormous potential for expansion. The company is focusing on an omni-channel approach for growth, with particular

GJEPC‘s Surat Regional Office successfully completed the 16th batch of a two-day Export Certificate Course on December 22, 2024, in Rajkot. This is the third group in the city to benefit from the program. The training, which aimed to improve the skills and knowledge of gem and jewellery exports, drew a total of 21 ambitious

Malabar Gold & Diamonds, a leading jewellery retail company in India, has opened its first showroom in Amritsar, adding significantly to its Northern India portfolio. Om Prakash Soni, former Deputy Chief Minister of Punjab, attended the inauguration, as did the brand’s management team, local dignitaries, and others. With an annual revenue of $6.2 billion, Malabar

Gemfields Group Limited, a coloured gemstone miner, has outlined a number of strategic steps to reduce costs and optimize its operations in response to four major issues. The company’s most recent emerald and ruby auctions generated fewer revenues than anticipated due to an oversupply of Zambian emeralds at discounted rates, lesser output of quality rubies,