The average import of gold in value terms during April-September 2021 was US$3992.34 million, an increase of around 40% versus FY 2017 to FY 2019
Using an econometric model, the report draws on three decades of annual data, dating from 1990 to 2020, to gauge some of the principal influences driving gold demand in India
The new policy has come on the heels of a series of meetings between the GJEPC and the Commerce & Industry Minister Piyush Goyal and the Commerce Secretary
The report provides investors and stakeholders with an understanding of the implications of the transition to net zero carbon for gold in the context of a global multi-asset portfolio
Gem And Jewellery Sector Along With Karnataka CM Basavaraj Bommai Felicitates Tokyo Olympic 2020 Winners At Jewellers For Hope
- Gem and Jewellery Export Promotion Council congratulated the Tokyo Olympic 2020 champions by giving them conceptualised brooches as a token of appreciation
- This year’s beneficiaries for Jewellers for Hope were Udayan Care and SDA-Diamond Hospital & Medical Research Centre
B V R Subrahmanyam, Commerce Secretary Assures Full Support To Gems & Jewellery Industry to Boost Exports
In an exclusive interactive session organised by the Gem and jewellery Export promotion council (GJEPC), Shri B V R Subrahmanyam, Commerce Secretary, MOC & I , Govt of India spoke to the gem and jewellery exporters on 4th September in Mumbai
GJEPC's webinar on “RoDTEP – Benefits, Challenges and the Way Forward" in collaboration with Lakshmikumaran & Sridharan (L & S) on 30th August was well received
- · IIJS Premiere 2021 Roadshow held in Delhi
- · IIJS Premiere 2021 to further boost the gem and jewellery exports. Trade show to be organised in Bangalore International Exhibition Centre from 15th–19th September, 2021
- · World Gold Council (WGC) launches The Retail Gold Investment Principles (RGIPs)
Gem & Jewellery Exports Continues on An Upward Trajectory, Records A Growth of 27% to Rs. 24881.52 Cr in July compared to the pre-pandemic year, 2019
- · Studded Gold Jewellery Exports record a growth of 70.69%
- · Cut and Polished diamond exports register a growth of 60.98%
• The G&J sector is one of the 4 core sectors contributing to 60% of India’s merchandise exports
• Current G&J export accounts for USD 37.4 billion
• Aims to achieve the target of USD 44 billion in FY 2021-22
- * IIJS Premiere 2021, India’s largest gems and jewellery exhibition, to be held at Bangalore International Exhibition Centre from 15th–19th September, 2021
- * 1275 ROI Applications received for 2444 stalls
- * More than 30000 visitors are expected for the show.
- * All COVID-19 protocols to be followed to ensure safety of visitors
The GJEPC conducted a webinar on 21st July to explain to its members the process of updating the Importer-Exporter Code (IEC) on the Directorate General of Foreign Trade (DGFT) portal
• IIJS Premiere 2021, India’s largest gems and jewellery exhibition, to be held at Bangalore International Exhibition Centre from 15th – 19th September,2021
• 1275 ROI Applications received for 2444 stalls
• More than 30000 visitors are expected for the show.
• All COVID-19 protocols to be followed to ensure safety of visitors
Mandatory hallmarking was brought in force on June 15 and since then jewellers are facing several issues while following its mandates, GJC issues some clarifications sought in discussion with the Minstry and comes forward to help all members of this industry
Overwhelming global response to the ‘Reinventing Vintage’ theme -- 3 winners, 8 runners up from Indian and foreign designers
World Gold Council and GJEPC Enter into Strategic Partnership for Generic Gold Jewellery Marketing in India
The World Gold Council and Gems and Jewellery Export Promotion Council (GJEPC) have signed an agreement to promote gold jewellery in India in 2021
Chaos And Unrest In Jewellery Industry - Lack Of Clarity On The Key Aspects Related To Mandatory Hallmarking
BIS has had three meetings with around 20 members from the Expert Committee from 25th to 29th May 2021, where they brainstormed all the elements that the industry found impractical and needed amendments in the Regulations and the Act
GJEPC held a webinar on the topic of Hallmarking on 25th June in association with Bureau of Indian Standards (BIS) Bhopal. The eminent speakers briefed Council members on the recent developments surrounding hallmarking, including the setting up hallmarking centers, process of registration and various government initiatives
Post the implementation of mandatory hallmarking from 16th June 2021, the Indian jewellery industry was seeking clarity on a host of concerns with regard to the new rules of hallmarking
*GJEPC, the apex body of the gem and jewellery trade, organised a webinar on 28th June, with the authority and keynote speaker Mr. Pramod Kumar Tiwari, Director General, Bureau of Indian Standards (BIS) to address queries concerning the manufacturing , retail and the end consumers
According to Colin Shah, Chairman GJEPC with global demand rising, exports to the US, Hong Kong and the UAE have displayed gradual growth. In India, key sectors like gold and diamond will show significant rise as the pandemic comes under control
Banks Increase Credit To The Gem & Jewellery Sector By 15% To INR 627 billion In Mar’21 From INR 546 billion July’20
The gem and jewellery exports have taken a severe hit due to pandemic in 2020-21, but what the industry has achieved during this period is commendable which would help it further its growth in the long term
GJEPC with the support of Govt. of India, is organising the inaugural International Gem & Jewellery Show (IGJS), an in-person exhibition, in Dubai from 14th to 16th August 2021
At the request of the Gem & Jewellery Export Promotion Council (GJEPC), the Rajasthan State Government has started a Covid-19 vaccination programme on 9th June for the 25,000 workers employed by over 100 gems and jewellery manufacturing and export units in the Sitapura Industrial Area, Jaipur
Maharashtra CM Uddhav Thackeray Agrees To Partner With Industry For Building Iconic Jewellery Park In Mumbai
A GJEPC delegation met with Maharashtra Chief Minister Shri. Uddhav Thackeray on 4th June at his official residence Varsha, in Mumbai to brief him about the India Jewellery Park Mumbai (IJPM) mega cluster project, and to request immediate support from the state government on certain pressing issues
The concerted efforts of GJEPC bore the results in favour of Indian Industry: the USTR announces suspension of proposed additional tariff on goods for upto 180 days with six trading partners including India over Sec. 301 investigation on Digital Service Tax; States that the investigations are meant to finally determine the imposition of additional tariffs on certain goods imported from Austria, India, Italy, Spain, Turkey, and the UK
The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gem & jewellery trade in India, has forged a unique partnership with global E commerce giant eBay to offer to its Members an Exclusive Jewellery Store on eBay
GJEPC held a webinar on 27th May with the aim of understanding the perspective of bankers who finance the gem and jewellery sector. The panellists included Ranvir Singh, DGM and Branch Head, SBI, Diamond Branch, Mumbai and Narayan Singh Deora, Zonal Manager, Bank of India, who were joined by Manish Jivani, MSME Convener, GJEPC. The discussion was moderated by Mayank Bajaj, Director, Bajaj Advisors
GJEPC organised a webinar on “Bonded Warehouse: Analysis & Comparison with other export promotion schemes”
The Gem and Jewellery Export Promotion Council (GJEPC) in association with Knowledge Partner Lakshmikumaran & Sridharan Attorneys, organized a webinar on “Bonded Warehouse: Analysis and Comparison with other export promotion schemes” on Friday, 21st May 2021
The Gem & Jewellery Export Promotion Council (GJEPC) and Embassy of India, Morocco, jointly organised the India Global Connect on 20th May, 2021
G & J Exports Witness Growth Of 16.63% To US$ 3369.65 Million In April 2021 As Compared To US$ 2889.12 Million In April 2019, Pre Pandemic Year
- * GJEPC Seeks Support From Govt To Continue Momentum Of Gem & Jewellery Exports
- * Achieved Over The Last Few Months
- * International markets are open and demand for G&J has started to come back
- * However domestic challenges due to Covid-19 second wave are hurdles in first half of the year
The GJEPC in association with Micro, Small and Medium Enterprises Development Institute (MSME-DI) Indore, Ministry of MSME, Govt. of India had organised a webinar on ‘Export Opportunities & Govt Support’
At the United States Trade Representative (USTR) multi-jurisdictional hearing held virtually on 10th May, the GJEPC along with other major trade bodies and leading exporters from the gem & jewellery sector represented Indian industry’s grievances over a proposed 25% import duty on 17 Indian jewellery items
Present Form Of Mandatory Hallmarking Doesn’t Give Customers Freedom Of Right To Choose; Restricts Jewellery Trade: GJC
BIS allows only gold articles of 14k, 18k and 22k for mandatory hallmarking; excludes other popular karatages(Purities) used in India and abroad
According to World Gold Council’s (WGC’s) latest Gold Demand Trends report, India’s Q1 demand for gold grew 37% to 140 tonnes compared to Q1 2020 (102 tonnes) buoyed by factors such as lower gold prices
GJEPC is seeking further assistance from the Government of India to tide over the challenges arising from the outbreak of the deadly second wave of Covid-19 in India
GJEPC organised a webinar on 27th April to explain the procedure of registration on the E-Sanchit single-window Customs clearance portal, which has been made mandatory for all importers/exporters
Gold investment demand fell in Q1, while value of gold jewellery purchased by consumers enjoyed a post-Covid rebound, rising to 477.4t - a 52% annual increase
"From June 1, 2021, it is compulsory for all jewellers selling gold jewellery and artefacts to register with BIS and sell only hallmarked gold jewellery and artefacts in three grades of 14, l8 and 22 carat gold," Bureau of Indian Standards (BIS) stated in a notification to jewellers. What are the latest provisions and their repercussions
The GJEPC Uncut 2021 Webinar Series covered the basics of the Authorised Economic Operator (AEO) Scheme and its Customs Clearance benefits for exporter members
The Gem & Jewellery Export Promotion Council (GJEPC) and High Commission of India, Singapore jointly organised the India Global Connect on 18th March
An extensive initiative was undertaken with the support of GIA India [an independent subsidiary of Gemological Institute of America (GIA)], Gem & Jewellery National Relief Foundation (GJNRF) and Shrimad Rajchandra Love and Care’s Women Empowerment Initiative
In view of current pandemic situation GJEPC announces postponement of IIJS Signature 2021 which was scheduled from April 7 – 12. The Council is monitoring the situation regularly and new dates will be announced very soon.
- * eBay will enable jewellers to have access to international buyers through eBay Marketplace
- * GJEPC to launch an eCommerce Promotion and Facilitation Desk (“EPFD”) at all its 6 Regional Offices
The Finance Ministry has issued a notification dated 17th February 2021, of the amendments made to the finance bill 2021 with regards to the Agriculture Infrastructure and Development Cess (AIDC) exemption on gold/Silver bars and dore for exporters
GJEPC had organised a webinar for Micro, Small & Medium Enterprises (MSMEs) on the “Benefits of Machinery empanelment for gem and jewellery manufacturers
The Gem & Jewellery Export Promotion Council (GJEPC) organised a virtual business meeting with Oman on 28th January 2021 in order to connect jewellery manufacturers from India and leading retailers/wholesalers of Oman
E-IGJS unveiled by Hardeep Singh Puri, Minister of State for Commerce and Industry in the presence of several luminaries
The report, titled 'Gold Outlook 2021- Economic recovery and low interest rates set the tone', also said although global economic growth is likely to remain anaemic relative to its full potential for some time, gold's more stable price performance since mid-August may foster buying opportunities for consumers
The gem and jewellery industry has sought reduction in customs duty on gold to four per cent, withdrawal of tax collected at source (TCS), cut in import duty on polished precious and semi-precious gemstones, in the upcoming Union Budget 2021-22
The GIA Cultured Pearl Classification Report is an abbreviated report that provides classification information on unmodified cultured pearls
Spain-based Gemvision Product Director Oriol Collelldemont took IIJS Virtual 2.0 participants on a journey to the Future of CAD. He offered a live demonstration of the power of the latest MatrixGold CAD software for jewellery manufacturers and the CounterSketch custom jewellery designing software for jewellery retailers
The recent PMLA notifications have been creating quite a stir in the G &J industry, with a view to bring in more clarity on these notifications GJPEC Chairman Colin Shah spoke to legal expert Rohan Shah about this matter, excerpts:
250+ exhibitors and 8000+ registered buyers visiting the show. More than 15,000 meetings booked
Dedicated 5 Halls each for Traditional Gold Jewellery; Gold Jewellery (Mass); Diamond/Colour Gemstone Jewellery; Couture/Bridal Jewellery; Loose colour Gemstone/Silver jewellery / Machinery & Allied
Ashish Pethe has recently been elected the Chairman of GJC he shares his vision and the issues he would like to address in the near future in an exclusive interview with IJ
IIJS Virtual in October was a game changer for the industry with transactions worth approximately Rs. 1000 Crore taking place and the industry could recover from the effects of pandemic to an extent
In an online meeting convened by Finance Minister Nirmala Sitharaman for union budget recommendations, GJEPC represented the budget recommendations for the gem and jewellery sector for union budget 2021
- • “e-IGJS – The curated gem & jewellery show” will be held from 18th to 22nd January 2021.
- • An exclusive export-oriented show only for international buyers
- • 200 + exhibitors to showcase exquisite gems and jewellery to 6000+ international buyers
* GJEPC represents to DPIIT, MOC & I for a revamped E-Commerce Policy to equip small players in the G&J sector
* 85% MSMEs spread across 390 Gem & Jewellery clusters to benefit from the Policy
The Gem and Jewellery Export Promotion Council (GJEPC) proposes several measures like reduction in cut and polished diamonds to 2.5%, reduction in import duty of gold and other precious metals to 4%, Technology Upgradation Fund (TUF) Scheme for G&J industry; need for additional Common Facility Centres (CFCs) and many more to strengthen the gems and jewellery export sector
GJSCI Aims To Transform Indian G&J Manufacturing With The Launch of JADE Artificial Intelligence Initiative
Gem & Jewellery Skill Council of India (GJSCI) launched the Jewellery Artificial Intelligence & Data-science Excellence (JADE) initiative in a virtual ceremony on 30th November, 2020. JADE is a Center of Excellence for artificial intelligence focusing on the gems and jewellery industry
India's B2C Gem & Jewellery Exports To Shine: Customs Dept. Accepts GJEPC Request For Shipments Through Courier Mode
India’s Central Board of lndirect Taxes & Customs under the Department of Revenue, Ministry of Finance, has clarified that gems and jewellery exports from the country could now take place through the courier mode, acceding to this long-standing demand of the Gem & Jewellery Export Promotion Council (GJEPC) to make B2C, small-value, e-commerce exports economically viable
The Embassy of India (Berne), GJEPC and the Swiss-India Chamber of Commerce, Zurich, jointly organised the India Global Connect on 26th November
The GJEPC’s proposal for establishing an e-commerce policy to facilitate cross-border e-commerce trade in the wake of the pandemic made considerable headway
On November 18, the Indian Institute of Gems and Jewellery, Mumbai signed a Memorandum of Understanding with the prestigious Savitribai Phule Pune University for offering a 3 Year Bachelor of Arts in Gems & Jewellery Designing
The GJEPC held an interactive video meeting on 5th November, 2020, with key government representatives and top Special Economic Zone (SEZ) officials to discuss the common concerns pertaining to the units working in SEZs
Households and small businesses in India have preferred to pledge gold as collateral to meet financing needs rather than selling it outright during the Covid pandemic, the World Gold Council (WGC) said in a market update titled ‘Gold loans help India weather the Covid-19 storm’
Want to make Maharashtra world’s largest trading center for diamonds and jewellery: Uddhav Thackeray, Chief Minister of Maharashtra at IIJS Virtual Inauguration
The gem and jewellery industry has once again proved to the world that we are full of our ability to face any adversity and emerge a winner: Piyush Goyal, Union Minister of Commerce & Industry and Railway
IJ Preview: IIJS Virtual Promises Abundant Opportunities For Manufacturers And Retailers To Promote Business
Beginning Oct 12 and going on up to Oct 16, IIJS Virtual 2020 will set new benchmarks in bridging the gap between manufacturers and retailers from all over the world
GJEPC To Hold The First India Global Connect Business Meet For Indian Manufacturers And UK Jewellery Retail
GJEPC aims to organise exclusive Virtual Business Meet in order to connect Jewellery Manufacturers from India to leading Retailers/wholesalers of UK
Gems and jewellery exports recover to USD 1764.06 Million in August 2020, as compared to USD 36 Million in April 2020
IIJS Virtual, the digital edition of the GJEPC’s flagship August show, that is scheduled to be held from 12th to 16th October, has already created a buzz among industry circles, with initial exhibitor interest exceeding the expectations of the organisers
Gems & Jewellery Export Promotion Council Suggests Changes To Gold Deposit Scheme To Make It More Attractive
The Gems and Jewellery Export Promotion Council has proposed changes in the revamped gold deposit scheme
The GJEPC team, led by its Chairman Colin Shah, visited Mrs. Rupa Dutta, Economic Advisor, MoC&I on 26th August, 2020, to bid her farewell and thank her for her immense contribution towards the gem and jewellery industry over the last many years
The GJEPC representation, led by Colin Shah, Chairman, GJEPC, met Finance Minister Smt. Nirmala Sitharaman on 26th August to raise concerns and implications arising on the diamond segment
The Union Minister for Consumer Affairs, Food & Public Distribution Shri. Ram Vilas Paswan virtually launched the online system of Registration and Renewal of Jewellers and online system of Recognition and Renewal of the Assaying and Hallmarking (A&H) Centres
The National Council of Applied Economic Research (NCAER) recently submitted its findings of a Cluster Mapping survey commissioned by the GJEPC two years ago
GJEPC UNCUT 2020: Webinar on ‘The Diamond Industry Recovery Options & Way Forward’: All Stakeholders To Take Responsible Demand-Driven Decisions
The GJEPC had conducted a webinar on the ‘Diamond Industry’s Recovery Options & Way Forward’
GJEPC Along With The World Gold Council Felicitates The True ‘KOHINOORS OF INDIA’ This Independence Day Via A Virtual Musical Extravaganza
Celebrating the humane side of the Indian G&J Industry, Gems & Jewellery Export Promotion Council (GJEPC) in association with the World Gold Council felicitated the real heroes of the Industry
Gem and Jewellery Export Promotion Council (GJEPC) held a discussion on framing a policy for domestic and international trade in gems and jewellery through e-commerce
The GJEPC made a representation on the key focus areas pertaining to Gems & Jewellery to the Micro, Small and Medium Enterprises (MSMEs) sector to Shri. Nitin Gadkari, Minister of MSME, Government of India, on 6th August
Many industry stalwarts are hopeful that by October this year, the demand situation will improve, WGC however, based on its research claims otherwise
The Gem and Jewellery Export Promotion Council of India will be hosting its buyer and seller meet for the first time in a virtual format
The World Gold Council launched its new Retail Gold Investment Principles (RGIPs) which provide high-level best practice principles for providers of all kinds of retail gold investment products
Malabar Gold, C. Krishniah Chetty, G.R.Thanga Maligai, Mehta Emporium, KK Jewels, Kulthiaa, Sona Chandi amongst winners of the 9th edition of GJC’s National Jewellery Awards (NJA)
5 million people work in the G&J industry that is worth $40 billion and contributes around 7 per cent to our nation’s GDP
Managed and driven by the Times of India Fashion editorial team, this new vertical will feature exclusive coverage from the world of fashion and lifestyle
IIJS Signature 2020 to have special design pavilion featuring works of women entrepreneurs and upcoming designers
The platform will be a great experience for our designers and entrepreneurs to network and meet buyers from India and abroad
The Board of Indian Institute of Gems & Jewellery Jaipur welcomed the new Chairman, Dr Nawal Kishore Agrawal during the Board Meeting held that took place on Jan 4, 2020.
BVC Clearance, a BVC Logistics enterprise has been awarded the Best Customs Broker of the Year 2019 award at the 46th India Gem & Jewellery Awards (IGJA) 2019 organized by the GJEPC
India’s exports of gems and jewellery are largely concentrated in the United States, UAE and Hong Kong which together account for as much as 80 per cent of the shipments
IJES will bring an outstanding incitement in jewellery industry for “Make in India” and for Global Markets by bringing in best international and Indian experts
Expansion of scope of ECIS by ECGC to banks lending to exports, is an encouraging step towards resolving the finance woes of the G&J sector: GJEPC
GJEPC applauds and welcomes the announcements made by Hon’ble Finance Minister Nirmala Sitharaman to boost exports
In Union Budget 2019-20, gold import duty was raised to 12.50 percent to 10 percent while GST on jewellery was fixed at 3 percent as compared to 1 percent under the previous tax regime
Its presence at the IIJS Premier 2019 helped raise awareness around the rapidly growing scope and opportunities of this industry among aspiring students and professionals
Craft Pavilion at IIJS 2019, taking the initiative to revive traditional artforms of Indian jewellery
GJSCI has taken onus of nurturing the dying art form of Indian Jewellery. Several skill development initiatives to increase skilled workforce in jewellery industry
This decision proceeds from a spate of complaints on impure 24 carat bars being received by jewellery makers from states like Delhi, UP, MP and Maharashtra
Customs clarifies that Gems and jewellery carried for international exhibitions now exempted from IGST
This comes into effect post several representations by the GJEPC to the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs
The 2nd Edition of IJW – ZAVERI BAZAAR, the most successful and cost effective business concept that brings further ease for Manufacturers & Wholesalers as they can display maximum product range to buyers without any trouble of logistics, security, insurance & stall construction hassles
As Mumbai practically came to a standstill owing to incessant rains over the last 24 hours, the gems and jewellery industry got together at the Manthan conclave today to learn from the best of the best
IBJA's representation in the Ministry and RBI on gold related matters has been a path breaking work under Bharatiya's leadership
GJEPC has asked for a reduction in import duty on Cut and Polished Diamonds & Precious and Semi-Precious Gemstones from 7.5% to 2.5% and on Gold from 10% to 4%
The Council indicated that it would seek continued support from the Government for major constructive reforms on international trade policies, ease of doing business, domestic bank financing and manufacturing/technological impetus for the gem & jewellery exporters and entrepreneurs
Union Minister Shri Suresh Prabhu inaugurates Indian Institute of Gems & Jewellery, Udupi IIGJ Udupi is the 6th training institute set up by GJEPC
With over 100 retail stores and engaging workforce of over 5,000 artisans and craftsmen, Udupi boasts of a rich jewellery lineage. IIGJ Udupi has been set up by GJEPC in association with National Institute of Design (NID), Ahmedabad
With a view of aligning the goal of PM “Make in India vision” to the gems & jewellery sector, GJEPC’s initiative aims at making India a global gem & jewellery manufacturing hub by promoting local artisans and indigenous design & production.
The grand finale of the 8 th edition of the country’s biggest and most eagerly awaited gems and jewellery awards were bigger and grander than ever before
Union Minister Shri Suresh Prabhu unveils GJEPC’s Parichay Card for gem & jewellery sector workers, artisans and craftsmen in India
GJEPC creates “Swasthya Kosh” a special fund to offer health insurance to Parichay card holders & their family
The Innovation & Incubation center is being established to foster a culture of research and entrepreneurship amongst the student community who have undergone a jewellery study program at any of the IIGJS.
Under the guidance of Alok Chaturvedi, director general, DGFT, 14 jewellers will meet in Delhi today to discuss the formation of a local gem & jewellery body
As the new Chairman of GJC, Anantha Padmanabhan has big plans for the industry and he shares with IJ his immediate plan of action
The Chairman also called upon Training Institutes to join hands with GJSCI towards imparting skilling as an Assessment Agency or Training Partner as all the curriculum and qualification packs are aligned to NSQF levels based on international standards.
IIJS, Asia’s leading Gem & Jewellery trade exhibition organised by GJEPC concludes providing healthy lifeline to trade at a crucial time.
The preparation for the competition started with a registration process, where about more than 150 candidates across India registered themselves for the WorldSkills Competition. The competition is scheduled to happen in Kazan, Russia, 2019.
Commerce & Industry Minister Suresh Prabhu chaired the meeting to discuss the nuances of the formation of domestic council for the G&J industry.
The countrys gems and jewellery exports contracted by 8 per cent to about USD 32.72 billion in 2017-18 owing to demand slowdown in major markets, including the US.
Gems & Jewellery Exports from India reported USD 40972.36 mn in FY18 vis-a-vis USD 43,157.11 mn in FY17
The Gem & Jewellery Export Promotion Council (GJEPC) of India, announced the performance figures for the Indian Gems & Jewellery Sector for FY 20017-18. The Indian Gem and Jewellery industry has witnessed a decline of 5.06 % with total gem & jewellery exports recorded at USD 40972.36 million (Rs. 264130.64 crores ) as compared to USD 43,157.11 million ( Rs. 289207.47 crores) in the same period last year.
The RBI ban on Letter of Undertaking (LoU) as a trade finance instrument, will not have much impact on the gems and jewellery industry in West Bengal, but a hike in bank's credit margin may hurt the business, a GJEPC official said.
'Such vast irregularity without any detection across several financial periods are extremely surprising and unreasonable': GJEPC
The GJEPC, the apex council for the gems & jewellery industry releases a statement on PNB fraud; whille expressing its faith in the Indian banking system, the statement also places onus on the banking system for having neglected an irregularity of this magnitude for such a long period.
The proposed Jewellery Park will be established in Navi Mumbai. An MoU to this effect was signed between GJEPC & MIDC at the ongoing Convergence, ‘Magnetic
The All India Gems & Jewellery Trade Federation (GJF) has unanimously elected Mr. Anantha Padmanaban as its Vice Chairman
The All India Gems & Jewellery Trade Federation (GJF) has unanimously elected Mr. Anantha Padmanaban as its Vice Chairman. Mr. Padmanaban is currently Zonal Chairman – South and he is the Managing Director of NAC Jewellers, Chennai.
Welcoming the Budget, the gems and jewellery industry said positive focus on the rural economy and estimated growth of GDP to 7.2-7.5 per cent will boost demand.
Union Budget Favourable for Gold but Detrimental for the Diamond & Gemstone Industry Owing to Doubling of Customs Duty to 5 Per Cent
While announcements for gold seemed positive, the industry mourns the Government’s decision to increase customs duty to 5 per cent on polished diamonds as well as gemstones.
The Indian Institute of Gems and Jewellery (IIGJ), Varanasi, an educational venture of the Gems and Jewellery Export Promotion Council (GJEPC) starts its maiden operation in the historical city of art and culture, Varanasi.
The commerce ministry has pitched for reduction in import duty on gold in the forthcoming Budget with an aim to promote gold jewellery exports, a senior government official said.
Other elected members include, Ashok Seth Regional Chairman Northern Region, Diamond Panel members include Manish Jivani, Milan T Choksi, and Sanju Kothari
The 4th edition of PMI in the Smart City promises to be Bigger & Better in terms of Business Orientation than ever before
GJF presents the bigger and better avatar of its eagerly awaited business networking event - The Preferred Manufacturer of India (PMI) in Pune from 8th to 10th January 2018 at the J W Marriott Hotel.
Gems and jewellery exports saw a 4.8 per cent dip at USD 22.43 billion during April- November this year owing to demand slowdown in major markets, including the US.
The Election Process for GJEPC Chairman & Vice Chairman Underway; all Nominations Received & Voting Process to Begin in January
Nominations for Vice Chairman & Chairman have been received and the voting process will commence in January.
Chairman Praveenshankar Pandya, during his recent visit to Kerala to inaugurate the Kerala Jewellery show, announced to set up Common Facility Center (CFC) at Thrissur, Kerala.
Indias gems and jewellery exports rose by over 11% to USD 6.78 billion during the first two months of the current fiscal, largely driven by demand in major markets like the US.
GJSCI organized a Training Partners Meet to discuss priorities of the coming year along with the updates on various schemes and benefits.
PMI showcases Variety of New Designs, Innovative Creations and Extraordinary Jewellery Collections in Gold & Diamond
An opportunity for distinguished Hand-made Jewellers, Manufacturers and leading Retailers.
Higher demand in the Middle-East and South-East Asia could help India’s gems and jewellery export grow this fiscal to about USD 42 billion.
According to the MOU, IIGJ – Jaipur will act as an RPL training facilitator, JAJ as Mobilization Agency and GJSCI will act as Project Implementation Agency (PIA).
GJF & industry delegates submits GST representation to the Bihar Finance Minister Abdul Bari Siddiqui & Commercial Tax Minister Bijendra Prasad Yadav
All India Gems & Jewellery Trade Federation seeks GST of 1.25 per cent for the gems & jewellery sector
IIGJ Andheri conducts 10th Convocation Ceremony Of The Diploma In Jewellery Design &Manufacturing Technology
The best IIGJ Chairman’s Trophy was awarded to Shiv Chandan, Ms. Oneza Chauhan was declared the second runner up and Ms. Kushali Patel was announced as the third runner up for their consistent performance during their course.
Under Pradhan Mantri Kaushal Vikas Yojna, GJSCI initiates implementation of Recognition of Prior Learning (RPL) Program in SEEPZ
The aim behind this initiative is to uplift the karigars of gems & jewellery industry in India.
The seminar was, especially organised for the non-members of the Council who are doing business in an unorganised manner, but have played a significant role by contributing to the success of the “Make in India” initiative.