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Jewellery News India

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JEWEL MARKET Vol 11 Issue 5 - Thursday 31, August,’2023

Land Allotment Approved for Jaipur

Gem and Jewellery Bourse!
I
n a significant stride towards
enhancing India’s gem and
jewellery industry, the Rajasthan
Govt. has approved the allocation of
approximately 44,000 square meters
of land at the reserve rate for the
establishment and development of the
Jaipur Gem and Jewellery Bourse. This
joint collaboration between the Gem
& Jewellery Export Promotion Council
(GJEPC) and the Jewellers Association
Jaipur is set to invigorate the export of
gems and is anticipated to generate
a host of employment opportunities,
bolstering both the local economy and
the state’s overall progress.
lease at a rate 3 times the industrial
The approved land will be granted reserve rate. This strategic decision is
to the Jaipur Gem and Jewellery aimed at not only promoting the gem Mr. Vipul Shah, Chairman of GJEPC,
Bourse’s Special Purpose Vehicle and jewellery sector but also fostering declared, “The Rajasthan Govt.’s
(SPV), specially constituted to oversee economic growth by creating an approval for the land allotment is a
the creation of the Gem Bourse. The environment conducive to trade and watershed moment for our gem and
SPV will receive the land on a 99-year investment. jewellery industry. This step will pave
the way for a state-of-the-art trading
platform that will attract global attention
GJEPC Launches 8th India Rough and fortify Jaipur’s position as a global
gem and jewellery hub.”
Gemstone Sourcing Show In Jaipur The Gem Bourse project is anticipated
to generate approximately 60,000 direct
and indirect employment opportunities,
injecting vitality into the local workforce
and economy. This infusion of jobs is
expected to yield a positive cascading
effect, influencing various sectors
and contributing to the broader socio-
economic development of the state.

SFT/SS/CFJ Panel. Notable members

from the Regional Committee and
CGS Panel Committee were also in
attendance.

T
he 8th edition of the GJEPC’s
India Rough Gemstone Sourcing
Show (IRGSS) was inaugurated
in Jaipur on 29th August by Shri
Sugrive Meena, Commisioner of
Customs, Jaipur. Shri Vijay Prakash
Verma, Asst. Commissioner of
Customs, ACC, was also present. The
three-week-long exhibition ends on
19th September 2023.
The event witnessed the participation
of prominent industry figures, including
Shri Nirmal Kumar Bardiya, Regional
Chairman; Dr Nawal Agarwal,
Convener, Gold Jewellery Panel; Shri
K.B. Goyal, Convener, Silver Jewellery
Panel, and Shri B.N. Gupta, Convener,
The exhibition features an assortment
of rough emeralds displayed by the
Gemfields-owned Kagem Mining Ltd.,
Zambia whose Managing Director of
Product & Sales, Mr. Adrian Banks was
present during the inauguration and will
remain in India for the whole duration of
IRGSS.

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Jewellery News India
QUOTES OF THE WEEK
Sanjay Kothari
Managing Trustee-GJNRF
“Since its inception
in 1999, GJNRF has
continuously widened its
support base within the
industry. In addition to a
strong base in the Indian
diamond and jewellery
export industry, GJNRF
has also been supported
by large diamond mining
companies from across the
world, international trade
bodies, leading laboratories
and others. We also plan to
make efforts to reach out
to and involve all other
segments of the gem and
jewellery industry across
India in the campaigns
we will undertake over the
next three years.”
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GJEPC leaders join
Shri Piyush Goyal at
B-20 Summit India 2023
S
hri Piyush Goyal, Honourable Minister of Commerce and Industry, Consumer
Affairs, Food & Public Distribution and Textiles, Government of India,
alongside GJEPC Vice Chairman Mr. Kirit Bhansali and GJEPC Committee
of Administration Member Mr. Anil Sankhwal at the Business 20 (B20) Summit India
2023 in New Delhi on 26th August 2023. B20 is the official G20 dialogue forum for
the global business community during India’s G20 Presidency.
India eyes bigger share of
lab-grown diamond mkt
I
ndia is taking a shot
at the global diamond
trade with its lab-grown
variety, whose exports were
estimated at around $1.5
billion in 2022-23. Fuelling its
expectations is US Federal
Trade Commission (FTC)
recognising it as ‘cultured’,
instead of artificial or
synthetic.
On the eve of the G20 ministerial meeting here, commerce and industry minister
Piyush Goyal said lab-grown diamonds are made through natural elements and the
recognition by US FTC will further enhance their acceptance globally and benefit
Indian entities. “It is a huge thumbs up for the Indian industry.”
The government had sought to provide an impetus to lab-grown diamonds in this
year’s budget and provided for a grant of Rs 242 crore to IIT-Madras to establish
an India Centre for Lab-Grown Diamond.
These diamonds are cheaper compared to natural ones, and price depends on the
size and quality.
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GJEPC meets Mumbai

RSBL Wins
Customs Chief to address key
Jewellery Export Concerns
‘Best Gold Bullion Dealer
of 2022-23’ at
M
embers of the Gem and Jewellery Export Promotion Council
(GJEPC) met with Smt. Prachi Saroop, Chief Commissioner
of Customs, Mumbai, and Shri Manish Tiwari, Commissioner
India Gold Conference
of Customs, Mumbai. The primary focus of this meeting was to
deliberate on critical issues concerning the industry. Among the GJEPC
representatives present were Shri Kirit Bhansali, Vice Chairman, GJEPC;
Shri Ajesh Mehta, Convener of the Diamond Panel; and Shri Sabyasachi
Ray, Executive Director.

R
iddiSiddhi Bullions Limited (RSBL) won
the “Best Gold Bullion Dealer for the
Year 2022-23” award at the India Gold
Conference in Kolkata on 18-20 Aug 2023.

India Gold Conference attracts a diverse

The discussions primarily revolved around crucial facets of the gem and
jewellery trade such as the appointment of expert valuers, the facilitation
of e-commerce jewellery exports through courier mode, the consideration
of allowing hand-carriage of gems and jewellery, the potential for customs
duty exemption on historical imports of sawn diamonds, the introduction
of a modern Risk Management System (RMS), and addressing matters
related to the RoDTEP scheme.
The meeting concluded with a positive note as Chief Commissioner
Prachi Saroop and Commissioner Manish Tiwari acknowledged the
concerns of the GJEPC representatives. They informed that concrete
steps have been taken regarding the e-commerce export of jewellery
via courier mode, paving the way for courier companies to initiate the
dispatch of their parcels.
audience for a comprehensive discussion of the
current market condition in the bullion industry,
bringing together individuals associated with
the gold industry in India and overseas on a
single platform.
Prithviraj Kothari, MD & CEO, RSBL, said, “We
are honoured to be named Best Gold Bullion
Dealer for 2022-23. It makes me proud that the
India Gold Conference has acknowledged our
efforts. RSBL will continue to play an influential
role in expanding and organising India’s bullion
market.”

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GJNRF Elects Board of Trustees for 2023-26:

Praveen Shankar Pandya is New Chairman,
Sanjay Kothari Managing Trustee

T
he members of the Board subsequently elected
Praveen Shankar Pandya as the Chairman and Sanjay
A. Kothari as Managing Trustee for the three-year
term. Arun C. Shah will be the Jr. Managing Trustee, Rajesh
C. Shah Treasurer and Sailesh S. Mehta Jr.Treasurer in the
new Board.
Other elected Board members include: Ashish K. Mehta,
Ashok. H. Gajera, Ashok K. Bhansali, Bharatkumar A.
Kakadiya, Jitendra K. Bhansali, Ramniklal P. Shah, Vijay B.
Shah and Vikram M. Mehta.

Newly elected Chairman Praveen Shankar Pandya said,

“GJNRF was set up primarily to spearhead relief and
rehabilitation efforts during periods of national crisis and
social calamities. A lot has been achieved since then and
the new committee will aim to take forward and deepen this
good work.”
Incoming Managing Trustee Sanjay Kothari said, “Since
its inception in 1999, GJNRF has continuously widened its
support base within the industry. In addition to a strong base
in the Indian diamond and jewellery export industry, GJNRF
has also been supported by large diamond mining companies
from across the world, international trade bodies, leading
laboratories and others. We also plan to make efforts to reach
out to and involve all other segments of the gem and jewellery
industry across India in the campaigns we will undertake over
the next three years.”

Milestone Ceremony Marks This year DJGF

Commencement of Sitapura introducing
Gems & Jewellery Association’s upcoming jewellers
Impressive New Building as Rising Stars
Pavilion.

T
his edition of DJGF has many new
and innovative features. We Started
the Rising Star pavilion this year,

S
itapura Gems & Jewellery Industries Association held stone laying
ceremony for its association building at Sitapura industrial area.
The Chief Guest for the event was Kuldeep Ranka (Chairman-
Riico) & presided by Rajiv Arora (Chairman-Rajsico). Guest of honour
were Pramod Agrawal (Chairman –NGJSCI) & Nirmal Bardiya (Regional
Chairman - GJEPC).Kuldeep Ranka appreciated the efforts of SGJIA and
asked entrepreneurs to keep greater vision. Rajiv Arora said that Govt.
of Rajasthan has taken many positive steps to promote exports from the
state.
President, SGJIA, welcomed the hon. Guest & trade dignitaries, Vijay
Chordia (Convenor) described in detail about the proposed Association
building & thanked all Donors. Jaideep Gupta (sec.- SGJIA) gave thanks
to all guests. SGJIA building will facilitate trade, commerce & provide
common facility services to all associated members. The completion of
state of art building shall be completed in one year duration.
which is presenting upcoming Jewellers,
which are started the business recently
& they want’s to participant with small
space in show. This time, we tried to be
more outward looking, and have brought
in upcoming jewellers and share valuable
6 sqmtr Booth space to them started their
journey with DJGF. They will also launch
their new products at designated time
slots. For a glimpse of exciting new talent,
we encourage upcoming Jewellers in the
name of Rising Stars. We invite to all GJ
members to visit the Rising Star pavilion
featuring Budding Jewellers.

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The week on
Jewellery News India JEWEL MARKET
Cricketer Suryakumar Yadav
Makes a Bold Statement in
Men of Platinum’s Latest Campaign
C
apturing the essence of a true
man of character, the brand
welcomes leading cricketer
“SKY” - Suryakumar Yadav into their
fold. Selected as the face of their
latest campaign, Suryakumar’s journey
mirrors the enduring rare qualities that
platinum stands for.
Vol 11 Issue 5 - Thursday 31, August,’2023
Six captivating digital films, a television
rendition, print & other content formats
work together to weave parallel
narratives of Suryakumar’s journey and
the rare, values that Men of Platinum
represent. The campaign thought is
brought alive via an immersive journey
into the life of this extraordinary cricketing
talent through an engaging series titled
WEEKLY NEWSLETTER
“Stay informed and stay
connected with us.”
“A Minute with Men of Platinum X
Suryakumar Yadav”. This unique six-
part mini-series pulls back the curtain on
his life, tracing the threads of his journey
and aligning them with the core values
that Men of Platinum symbolize.
Suryakumar Yadav shared his thoughts
on being a part of the new Men of
Platinum campaign, as he stated, “I
am excited to come on board and be
a part of this season’s campaign for
the new collection. Platinum is a metal
that always endures and never fades,
thus making it truly rare. I have always
strongly believed in values like self-
belief, endurance, courage, resilience,
and compassion that Men of Platinum
stands for. These values have guided
me throughout my professional and
personal life. Platinum jewellery also
resonates with my personal style
– the range of sleek, minimal, and
contemporary designs appeal to my
style sensibilities, allowing me to
seamlessly integrate these pieces into
my wardrobe.”
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05-08 October 2023

Istanbul Expo Center

Swarovski to stage
Landmark Exhibition
in September
S
warovski is to unveil a major
brand exhibition in Shanghai
from 20 September to 9
October, celebrating almost 130
years of its storied heritage as
Masters of Light across the worlds of
fashion, jewellery, and pop culture.
Entitled Swarovski - Masters of
Light from Vienna to Shanghai, the
exhibition will explore the crystal
Maison’s artistry and savoir-faire as
well as its unique impact on culture
from its origins in fin de siècle Austria
to the present day.

The birth of Swarovski in 1895

coincided with the dawn of haute
couture, and founder Daniel
Swarovski travelled to Paris,
providing its early couturiers with
new cuts and colours, and fresh inspiration.
In the hands of such visionary creators,
Swarovski crystals took on forms of infinite
variety, becoming a vital ingredient on the
catwalk, in fashion and couture jewellery.
Swarovski–Masters of Light will showcase
a unique array of stage costumes and
red-carpet ensembles – many drawn from
the Swarovski Heritage Collection – and
presented to the public for the first time,
alongside masterpieces from more than a
century of the art of haute couture.
The exhibition will be centred around three
pillars: Swarovski’s Austrian heritage;
the incomparable savoir-faire passed
down from generation to generation of
craftspeople at its headquarters in the
Tyrolean Alps; and the brand’s unique
relationship with the fashion industry and
pop culture.
Masters of Light will also present
Swarovski’s groundbreaking innovations
in cut and colour – today the brand offers
more than 300,000 varieties of crystal
hues, cuts, and effects – as well as its
visions for the future, such as dazzling fine
jewellery collections made with Swarovski
Created Diamonds.

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J K Diamonds Institute of Gems

& Jewelry organized a Campus
recruitment drive for students!

J
K Diamonds Institute of Gems
& Jewelry recently organized a
Campus Recruitment Drive on
26th August, 2023 to ignite the career
aspirations of its students. This event
was graced by esteemed companies
talents, skills, and passion to some of the
industry’s most renowned companies.
Diamond and jewelry design students
were the major participants in this
recruitment drive. Thus illuminating
the path to ambition, connections, and
testimony to the institute’s commitment
to imparting 100% practical training
and nurturing talent while fostering
an environment where students can
flourish. J K Diamonds Institute of
Gems & Jewelry’s Campus Recruitment

such as KGK, Damara Gold, and Sheetal
Diamonds. Along with these companies,
Amyrah Creations, a startup led by one
of our J K alumni, Miss Darshini Jain,
also joined this event as a recruiter.
The campus was abuzz with excitement
as students prepared to showcase their
boundless possibilities.The presence of
the industry giants served as a guiding
light for the students, who were taking
their first steps towards a radiant career.
The Campus Recruitment Drive served
as a connecting bridge between
education and industry. It was a
Drive was a triumphant event that
brought together aspiration, talent, and
opportunity under one roof. As the event
concluded, it was evident that the path
to success had been illuminated for both
students and recruiters alike. A path that
promises a brilliant and prosperous
future in the world of gems and jewelry.

DITP and GIT announce the Ruby Celebration of

Bangkok Gems’ in its 68th Edition this September

M
r. Phusit Ratanakul Sereroengrit,
Director-General of the
Department of International
Trade Promotion (DITP), and Mr.
Sumed Prasongpongchai, Director
of the Gem and Jewelry Institute of
Thailand (GIT), joined forces with nearly
20 governmental and private sector
agencies to announce the 68th edition
of Bangkok Gems and Jewelry Fair.
The fair, which is Thailand’s largest
and Asia’s longest-celebrated gems
and jewelry trade fair, will celebrate its
ruby jubilee this year and is set to take
place between 6-10 September 2023
at Queen Sirikit National Convention
Center (QSNCC), Bangkok.
that allows Thai entrepreneurs to meet to retail and exports, employs nearly
Mr. Phusit Ratanakul Sereroengrit, and negotiate with buyers from around 800,000 people. There are also around
Director-General of DITP, said that the globe, fostering partnerships, 12,000 entrepreneurs across the country
“Bangkok Gems and Jewelry Fair is expanding business opportunities, and involved, of which 90 percent are SMEs.
considered to be the largest gem and promoting collaboration. It also serves This event significantly supports
jewelry trade fair in Thailand, and also as a knowledge-sharing and networking
represents one of the five major gem hub, playing a pivotal role in driving jewelry exports and reinforces Thailand’s
and jewelry trade fairs in the world. The the country’s economy. Currently, the role as a crucial hub for the global gem
fair serves as a vital trading platform industry’s supply chain, from production and jewelry trade.”

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Espera unveils its rich repository of

lab-grown diamond jewellery in the city
For high-shine pieces that won’t break the bank. ….
shapes and settings or, opt to connect with the brand to bring
your bespoke vision to life.

“We are delighted to present our

remarkable Lab-grown jewellery
offering. The new store will create
an engaging and immersive
experience for customers. We have
always believed in making jewellery
accessible to everyone, and this new
line is a testament to that commitment.
Lab-grown diamonds are exactly the
same on the molecular level as mined
diamonds and are just as beautiful as their counterparts and
will cost much less. It is hard to differentiate mined diamonds
and lab-grown ones with the naked eye as they are chemically
of the same composition”, said Mr Pratik Dugar, Owner/
Founder, Espera.

Adding to their appeal, lab grown diamonds is a more ethical

alternative to mined diamonds-an industry that’s notoriously
been linked to the use of child labour and fueling conflict. The
state-of-the-art technology allows the brand to masterfully

G
lobally, lab-grown diamonds are emerging as an
alternative to natural diamonds. But if you’re looking
to get similar sparkle out of your jewelry while saving
a good chunk of money, you may want to go the lab grown
diamond route. This is what drew Pratik Dugar, a seventh
generation jeweller, to lab-grown diamonds, for he had
always been looking to create a brand that was affordable,
fashionable and future-ready. Acting on this new-found
fervour, Pratik launched his first flagship store of lab grown
diamond jewelry, ‘Espera’ on July 30, 2023 in Kolkata.
From gorgeous engagement rings in all shapes and sizes to
an array of timeless baubles, ‘Espera’ has tons of stunning
pieces that make great gifts or fabulous treats
for personal use too. Espera’s aim is
simple: to make sustainable
jewellery without replicate the exceptional brilliance and unrivaled fire that
characterizes these pristine gemstones. Each lab-grown
diamond undergoes rigorous scrutiny, meeting the rigorous
standards upheld by the gemological community. Moreover,
compromising on the decision to purchase a lab-grown diamond signifies your
quality or design. From commitment to preserving Earth’s precious resources for
bold necklaces to delicate bracelets, future generations. Your choice becomes a testament to your
stunning rings to delightful earrings, every dedication towards responsible consumerism, promoting
diamond piece is meticulously crafted with modern- positive change in the industry.
meets-heritage flair and designed to endure as a personal
Just as with every other part of our wardrobes, there are more
treasure. The label carries an assortment of striking ready-
opportunities than ever to be sustainable and environmentally
to-wear pieces, from timeless tennis bracelets and glitzy
friendly when it comes to purchasing jewellery. ‘Espera’
tear-drop earrings to bold, art-deco-inspired rings and more,
creates high-quality yet sustainable pieces that cater to a
crafted in 18k gold and platinum. What’s more, the label
variety of budgets. Celebrate not only in style, but consciously
extends the option to customize your lab grown diamond
too with Espera…..
jewellery as well. Simply choose from a variety of popular

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