Author name: JNI

Giva, a jewellery startup sponsored by Azim Premji’s PE firm Premji Invest, has reported a 65.8 percent increase in operational revenue, although the firm’s net loss increased by 29.6 percent in fiscal year 2024 (FY24) compared to the previous year due to a steep increase in metal procurement. Giva‘s operating revenue in FY24 totaled Rs […]

India accomplished important achievements at the Kimberley Process (KP) Plenary 2024, which took place in Dubai from November 12 to 15. The Indian delegation, led by Shri Siddharth Mahajan, Joint Secretary, Ministry of Commerce, Government of India, and Shri R. Arulanandan, Director, Department of Commerce, included prominent representatives from the Gem and Jewellery Export Promotion

Strategic $4 million deal to stimulate innovation and increase production capacity. Fenix and Dholakia Lab Grown Diamond have acquired Lusix in a strategic $4 million agreement to drive innovation and increase manufacturing capacity.This acquisition represents a significant milestone in the lab-grown diamond industry. and Dholakia Lab-Grown Diamond, both based in New York, have purchased Israeli

Sabyasachi, an iconic Indian luxury brand, has announced a one-of-a-kind residency at Bergdorf Goodman in New York, which will last until February 3rd, 2025. The collaboration, scheduled for the holiday season, provides an immersive immersion into Sabyasachi‘s maximalist attitude through ready-to-wear, jewelry, and accessories. Aside from Sabyasachi‘s flagship shop in New York, Bergdorf Goodman will

To further expedite jewelry exports, the Ministry of Commerce & Industry announced a significant revision to the Handbook of Procedures, 2023, in an update published in the Indian Gazette. In a public announcement dated November 13, the Directorate General of Foreign Trade (DGFT) added Amritsar Airport to its list of authorized export locations for jewelry

The Grand Hyatt Hotel in Goa will host the eagerly awaited 20th edition of the IGI D Show from November 19–21, 2024. This flagship event, which has been a success for 19 editions since 2011, continues to offer a confidential and professional atmosphere for important business meetings in the diamond jewelry sector. With over 40

A historic moment occurred at Christie’s Geneva, when the legendary Aga Khan Emerald broke world auction records for an emerald sold at auction, fetching a whopping CHF7,765,000 (US$8,859,865). This amazing 37-carat gemstone was originally owned by the legendary British socialite Nina Dyer, who was temporarily married to Prince Sadruddin Aga Khan. It first appeared on

To further expedite jewelry exports, the Ministry of Commerce & Industry announced a significant revision to the Handbook of Procedures, 2023, in an update published in the Indian Gazette. In a public announcement dated November 13, the Directorate General of Foreign Trade (DGFT) added Amritsar Airport to its list of authorized export locations for jewelry

To address the growing concern of maintaining transparency in diamond terminology, GJEPC met with senior authorities from the Department of Consumer Affairs in New Delhi today, November 13. The necessity of requiring the provenance of diamonds, whether they are lab-grown or natural, to be disclosed in exported jewelry was the main topic of discussion. The

PN Gadgil Jewellers Ltd. reported a 46% year-on-year (YoY) increase in revenue to Rs. 20,013.10 million in the second quarter of the current fiscal year. In Q2 FY25, PNG’s profit after tax (PAT) climbed by 59% year on year to Rs. 349.19 million. In the first half of FY25, retail revenue increased by 37% year