Colin Shah, Chairman, GJEPC, held a series of meetings in Kolkata last week

GJEPC held a webinar on 26th March, 2021 to brief members on “E-Sanchit”

“India should become synonymous to gems and jewelry” - Colin Shah, Chairman, GJEPC at the 3rd ICC Gems & Jewellery Summit 2021  

The Gem & Jewellery Export Promotion Council (GJEPC) and High Commission of India, Singapore jointly organised the India Global Connect on 18th March

Coloured gemstone manufacturers to access rough gemstones  directly from miners of Zambia and Mozambique  

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 Skill Council of India (GJSCI) kickstarted the pilot project of its Jewellery Artificial Intelligence & Data Science Excellence (JADE) project

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

The Gem & Jewellery Export Promotion Council (GJEPC) signed a Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC) 

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

GJC announches outcome of COA results

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

GJEPC’s flagship show IIJS Premiere which takes place every year in the month of August had to be postponed to January 2021 due to the Coronavirus pandemic

• •  “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

More than 60 participants from across India attended the webinar

In a first of its kind collaboration, Yes Bank has signed an MoU with GJEPC to support the gem and jewellery industry

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

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 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 three-day Virtual Buyer-Seller Meet (VBSM) for Silver and Fashion & Costume Jewellery was inaugurated on November 17

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

GJEPC continues to strive to strengthen the industry and boost demand for gem and jewellery

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’

Global gold demand dropped by 19% y-o-y to 892t in Q3 

Dr. C. Vinod Hayagriv addressed over 100 alumni at the event
 

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

GJS Virtual had organised Swarnotsav, which began on October 5 and concluded  on October 10. The show gave a boost to the G&J sector

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

GJS Virtual, an annual B2B initiative of All India Gem and Jewellery Domestic Council (GJC) to conduct six unique exhibitions titled “Swarnotsav”

E-commercee policyfor B2C G & J exports discussed

GJEPC connected India and UK as part of its Virtual Business Meet held on 28th September

IIJS Virtual will be held from 12th-16th October

GJEPC aims to organise exclusive Virtual Business Meet in order to connect Jewellery Manufacturers from India to leading Retailers/wholesalers of UK

GJPEC virtual buyer-seller meet witnesses good participation from exhibitors and buyers from across the world held from September 21 - 24

GJEPC to organise the first Plain Gold Jewellery Virtual Buyer Seller Meet (VBSM) from 21st-24th September 2020

• •    IIJS Virtual, the digital edition of the GJEPC’s flagship August show is scheduled in October 2020
• •    Show to witness 500 exhibitors & 10000 buyers 

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

Randy Smallwood, President and CEO at Wheaton Precious Metals Corp. (“Wheaton”), new Chair at WGC

GJEPC flags off with first ever virtual BSM and promises a series in future for the growth of gems and jewellery industry in India

GJEPC had a virtual meet with Suresh Kumar, the new Joint Secretary, Department of Commerce

The Gems and Jewellery Export Promotion Council has proposed changes in the revamped gold deposit scheme 

GJEPC had jointly organized an informative webinar along with top officials of the Income Tax Department on 28th August

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

Silver Promotion Service (SPS), an arm of the Silver Institute, announced the launch of its all-new Virtual Silver Pavilion

GJEPC’s regional office in Jaipur held an open house on Customs issues on 25th August

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

The GJEPC had conducted a webinar on the ‘Diamond Industry’s Recovery Options & Way Forward’

Nirmala Sitharaman to form a Special Group to resolve all issues related to the gem and jewellery sector

The GJEPC organised a meeting with its Global Partners on 12th August 2020 to have discussion over widening India’s  global market reach

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

With this MOU, IIGJ Jaipur & MIIC jointly agree to exchange their expertise for mutual benefit and growth

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

Introduction of Technology Upgradation Fund (TUF) will benefit the MSME sector

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

Important suggestions which need to be considered before formulating any policy related to gold refining

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

GJEPC also requested for a clarification on 'Online Equalisation' Levy for B2B international diamond auctions

Shaankar Sen contributed immensely to the trade with his wisdom and knowledge and served as GJC’s Vice Chairman

GJEPC’s regional office met  the Karur Gold Smith Association and explained the benefits of the Parichay Card

Malabar Gold, C. Krishniah Chetty, G.R.Thanga Maligai, Mehta Emporium, KK Jewels, Kulthiaa, Sona Chandi amongst winners of the 9^th 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

The platform will be a great experience for our designers and entrepreneurs to network and meet buyers from India and abroad

GJEPC arranged the faculty from Indian Diamond Institute (IDI) Surat to train the officers

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 

For the last 6 years, G&J exports have been declining and in current FY 2019-20 (April-May) the exports has declined by 7.85%

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

Overall exports from the gem and jewellery industry dropped around 10% year-on-year

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

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

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%

Exports stood at USD 30.96 billion in 2018-19 as opposed to 2017-18 exports of USD 32.7 billion

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

July 2nd-3rd will see the comeback of knowledge sharing platform, Manthan which will feature an illustrious panel of speakers in Mumbai 

31 exhibitors from across the country showcased a range of plain and studded jewellery

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.

‘Enchanted Cosmos’ – design theme of GJEPC’s The Artisan Awards 2019 is a futuristic theme for the global buying season 2020 

IIJS Signature concludes on an average note; decent visitor turnout
 

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

The 12^th edition has over 750 exhibitors, 1400+ booths with delegates from the U.S., UK, Russia and more and expects around 12500 + visitors

According to data from the GJEPC, exports stood at USD 24.5 billion in the April-December period of 2017-18

GJEPC creates “Swasthya Kosh” a special fund to offer health insurance to Parichay card holders & their family

The Domestic Council will help create 3 million more jobs in
Gems & Jewellery sector

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 labour-intensive sector contributes about 14 per cent to the country's overall exports.

In a GJC-COA meeting held on 3rd January, Anantha Padmanabhan, MD, NAC Jewellers has been elected as the Chairman 

India’s prominent jewellery manufacturers to showcase their exclusive designs to top 150 jewellery retailers

The Gems and Jewellery Export Promotion Council (GJEPC) on Tuesday said it was struggling to retain the credit limit for the industry.

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.

All India Gems &Jewellery Domestic Council (GJC) along with GJSCI to help Tihar Jail inmates to become jewellery artisans.

Commerce & Industry Minister Suresh Prabhu chaired the meeting to discuss the nuances of the formation of domestic council for the G&J industry.

43 prominent Jewellery Manufacturers and 150 leading Retailers gathered at the event.

India's gems and jewellery exports have declined 22 percent to $2.6 billion in April on account of demand slowdown in major markets including the UAE.

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.

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.

At present, the domestic gems and jewellery sector is estimated at USD 75 billion.

Around 600 jewellers/manufacturers from across India have so far registered for the conclave.

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. 

Third CFC in Gujarat is to be made operational by GJEPC after Visnagar, Palanpur

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
Maharashtra’.

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. 
 

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.

IBJA Governing Board in its meeting held on 23rd January, 2018 has unanimously decided to appoint Mr. Mohit Kamboj as its New President.
 

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.

The Indian bullion dealers and jewellers have requested the government to begin gold accumulation schemes through post offices.

Other elected members include, Ashok Seth Regional Chairman Northern Region, Diamond Panel members include Manish Jivani, Milan T Choksi, and Sanju Kothari

She has over 20 years of experience spread across Marketing, Operations and Communications.

GJF presents the bigger and better avatar of its eagerly awaited business networking event - The Preferred Manufacturer of India (PMI) in Pune from 8^th to 10^th January 2018 at the J W Marriott Hotel.

Traders from India as well as abroad are rooting for their favourite contenders

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. 
 

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. 

Gems and jewellery export decreased 8.12 per cent to USD 13.5 billion during April- August this year, data from the GJEPC showed.

The industry welcomes Government’s move of exempting the e-way bill after GJF’s representation of the problem.

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.

GJF starts preparing G&J industry on GST with seminars and webinars on GST on 29^th June, 2017 in Mumbai.

Kirit Somaiya, Member of Parliament, North-East Mumbai visited GJSCI’s state-of-art training centre in Mumbai at IIGJ-M.

GJSCI organized a Training Partners Meet to discuss priorities of the coming year along with the updates on various schemes and benefits.

An opportunity for distinguished Hand-made Jewellers, Manufacturers and leading Retailers.

GJF  hopes that the Centre would levy only 1.25 per cent tax on the sector.

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.

An opportunity for distinguished jewellery manufacturers and leading retailers from Eastern Region to participate & develop business relationship.

GJSCI aims to train women inmates of Tihar into jewellery making.

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).

All India Gems & Jewellery Trade Federation seeks GST of 1.25 per cent for the gems & jewellery sector

The winners were felicitated by GJSCI with a cash prize and Certificate of participation.

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.

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.

Problem of utilizing millions of Euro accumulated in the past for Antwerp’s benefit

Consumers to get information on any GIA Diamond Grading Report or Diamond Dossier