Non-performing assets or bad loans in the banking sector are set to shoot up by at least Rs 8,000 crore as advances to the scam-hit Gitanjali Gems group have turned bad during the quarter ended March 31.
Kerala-based Kalyan Jewellers said the Dubai Police has filed a case against five persons of Indian origin for circulating alleged fake news about the brand and quality of jewellery sold.
Around 600 jewellers/manufacturers from across India have so far registered for the conclave.
GJEPC to organize India Pavilion at UBM’s June and September Hong Kong Jewellery & Gem Fair 2018.
According to All India Gem and Jewellery Domestic Council's zonal Chairman Shankar Sen, there are around 500 hallmarking centres across the country at present and 70 per cent of these are located in metropolitan cities.
They are learning techniques to help them become independent, in a certificate course offered by the Gem and Jewellery Skill Council of India at the Tihar jail in New Delhi.
It is alleged that Choksi and Modi got Letters of Undertakings (LoUs) and Foreign Letters of Credit (FLCs) of Rs. 12,636 crore issued in favour of foreign branches of Indian banks based on fraudulent claims. The accused officials of PNB did not enter the instructions for these LoUs and in their internal software to avoid scrutiny.
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. Mr. Padmanaban is currently Zonal Chairman – South and he is the Managing Director of NAC Jewellers, Chennai.
The world’s trusted authority in diamond certification and education, IGI, announced their decision to certify uncut, unpolished diamonds, giving the Indian bridal dream, its mark of authenticity.
The show witnesses 14,500 pre-registrations on Day 1 as compared to 11,000 last year. The Council expects the registration to be over 16000 by the end of the show.
GJF had conjured an evening comprising an elegant mix of fashion, style and glamour to showcase the multifaceted creativity of the Indian handcrafted jewellery.
Gyan Museum, Jaipur to host the India launch of Bernadette van Gelder’s landmark publication on Traditional Indian Jewellery.
The Indian bullion dealers and jewellers have requested the government to begin gold accumulation schemes through post offices.
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.
Jewellery Designer Gauri Himatsingka talks to Vijetha Rangabashyam
about creating one of a kind pieces that leave a lasting impression and
the growing demand for luxury fashion jewellery in India.
Policy changes last year created a lot of upheavals in the Indian gems and jewellery
industry. A good medicine tastes bitter; likewise, the policies may have caused
a short-term mayhem in the industry, however, the gradual transition with GST is
meant to do good in the long term. It’s definitely a move towards more transparent
and organized way of doing business. By Kavita Parab
Traders from India as well as abroad are rooting for their favourite contenders
Presence of industry stalwarts, celebrities, insights and entertainment makes the IMP show an evening to remember.
On a star-studded award night held on 1st December, 2017, in the presence of stars and prominent jewellers from all over India, Sawansukha from eastern India was pronounced as India’s Most Preferred Jewellers.
With an interesting mix of industry and non-industry experts, the first day of the summit definitely proved to be a learning platform for industry personnel says Vijetha Rangabashyam.
The India Gold & Jewellery Summit will cover topics such as value addition through jewellery manufacturing, merchandising and marketing and trends, among others.
The Gem & Jewellery Legacy Of India
Merging the Indian heritage of traditionalism with modern design sensibilities, ‘Vadhu’ brings to life a royal touch of elegance and enhances the look of any woman who adorns the jewels.
The most expensive piece of jewellery to be ever created in India, it took two years to complete the set.
World’s largest independent gemological institute's, user-friendly diamond identification card continues to garner positive reviews in the Indian Market.
At the onset of the wedding season in India, Notandas Jewellers presents a stunning ensemble to match every mood and every occasion of the marriage revelry.
Inspired by some of Jaipur’s majestic architectural wonders, CaratLane, India's leading omnichannel jeweller, launched the Jaipur collection.
As a part of their Diwali celebrations, The International
Gemological Institute, IGI India, declared open a contest 'Flaunt Your Stone. Share The Story' on October, 8, 2017.
With the launch of the boutique, NIRAV MODI now houses three exquisite boutiques across India.
“ASYA – I am that” Collection is Inspired by the Traditional, Designed for the Versatile Indian Women
One of the firsts to realize the potential for luxury, luxury-fashion-jewellery, Nitya Arora created Valliyan ten years ago. Now, the brand has become a household name when it comes to highend
fashion jewellery. Spirited, funky and some even psychedelic, Nitya’s creations are truly unique with a quintessential Indian touch. In a conversation with Vijetha Rangabashyam, she talks about the birth of her brand, her love for Art Deco, her future plans and more.
With delegates discussing about growth triggers in different aspects such as mining, creating demand, boosting consumer confidence and so on, the ICA Congress has shed light on the potential of coloured gemstone industry of India.
Saffronart’s inaugural jewellery conference, The Timeless Legacy of Indian Jewels, that concluded in Mumbai on Saturday night was a scintillating conversation about the heritage of Indian Jewellery.
BlueStone.com, India’s leading online jewellery brand, presents the Amour collection, inspired by the vivid beauty of nature and its wonderful creations.
Saffronart is organising an interdisciplinary conference, The Timeless Legacy of Indian Jewels, from 6 – 8 October 2017.
A singular exhibit of intricately designed 17th to 20th-century jewelry and ornate objects from India will debut on Oct. 13 at GIA’s headquarters in Carlsbad, California.
Tyani.com the world's first and only Polki Jewellery store online, is all set to launch.
Laksh who is well known for his outstanding creative designs partnered with HRD Antwerp - Europe’s leading authority in diamond grading, education and equipment - to showcase the extraordinary designs which were based on various themes related to India from past to present.
Models walked the ramp wearing resplendent jewellery of diamonds, emeralds and other precious stones and audience was reassured that India is and will continue to be a leader in handcrafted jewellery.
Over 1000 trade visitors from across the country
As promised, we are back with a few more awe-inspiring pieces that caught our attention at Couture India this year.
Deemed as the best show for fine/high jewellery in India, Couture India 2017 was certainly a treat for the eyes! Here is a short recap of some of the jewellery we loved.
The exclusive B2B show was inaugurated by Manoj Dwivedi, Joint Secretary, Ministry of Commerce and Industry, Government of India.
The exclusive B2B show is to be inaugurated by Manoj Dwivedi, Joint Secretary, Ministry of Commerce and Industry, Government of India.
Themed around Indian goddesses, the collection celebrates the spirit of feminine divinity.
The Couture India Lookbook was unvielled yesterday at IIJS 2017 in the presence of emininent personalities from the industry.
Multi-store jewellery house Aisshpra Gems and Jewels launches ‘Nazakat’, a Bridal collection for the Demure Indian Bride.
A mark of an everlasting bond, tying the Mangalsutra has been an auspicious tradition followed in most marriages for centuries in India. Originally a Hindu tradition, the mangalsutra has become such a universal symbol in Indian weddings that over time, other religions have also adopted the tradition of tying the mangalsutra. Mostly made in gold, the meaning and history behind the mangalsutra is profound, and has different cultural implications in different parts of India. While in some parts of India, people still uphold the traditional way of adorning the propitious piece of jewellery, in some parts, people have acclimatized to new and modern designs of wearing the mangalsutra. By Vijetha Rangabashyam.
Thanks to the online revelation and the embracing of modern technology, a lot is happening in the jewellery industry nowadays. The geopolitical climate and the economy have a great bearing on the jewellery industry, when it comes to jewellery manufacturing and the preferences of the people. Half the year is already over, and we thought this is the right time to take stock of what is currently popular and hot when it comes to jewellery. We did an online and email survey on many jewellery retailers spread across all major states, dealing with all types of jewellery and we received responses from 150 retailers and designers across India. The survey helped us understand what really sells in different cities and the consumer mindset when it comes to jewellery buying. By Vijetha Rangabashyam
Velvetcase.com, India’s multi-brand jewellery destination presents a chic range of accessories for the modern working woman.
Shobha Shringar Jewellers was the official jewellery partner for Fbb Colours Femina Miss India 2017
Manubhai Jewellers captures the essence of Indian royalty in its unique range of chains and earrings.
Premium destination store to offer exquisite collections from India’s leading jewellery brands.
Today’s customer is very well travelled and well informed about jewellery making. Their keen interests in latest trends are fuelled by various social media platforms. This knowledge gives them the power to make choices that are very exclusive making the retailer’s job extremely challenging. Preeta Agarwal asked one simple question to a few leading retailers of India who truly
Izaara, a premium silver Jewellery brand from the house of WHP Jewellers establishes 26 unique touch points PAN India with kiosks across 5 PVRs in Mumbai.
PC Chandra Jeweller’s ad campaign resonates with the inner strength of modern yet traditional Indian women.
A three-day trade extravaganza of India's leading jewellers by UBM India in the City of Pearls.
Asia is a “growing and perceptible market to diamond jewellery," says Nirav Modi.
WGC latest report shows that Indian gold demand supported world gold demand in the first quarter of 2017.
Three Indian companies — Gitanjali Gems, Titan and PC Jeweller — have been named in the list of top 50 luxury goods firms globally that was topped by Louis Vuitton.
After PM Narendra Modi’s pep talk about ‘Design in India’ and how India should be Number One in gems and jewellery, Indian exporters are all geared up to hit $60 billion worth of exports in the next 5 years. Given the current climate, this could be a tall order. There is no dearth for inspiration in this country that has had a longstanding heritage when it comes to craftsmanship. We have a strong foundation in jewellery manufacturing and the industry currently employs 4.5 million skilled and semi-skilled workers across India, but we are meeting only 10 per cent of the global demand. If our forte lies in jewellery making, why is India not playing to its strength? Where is the industry lacking and what should it be doing to be on top? Explores Vijetha Rangabashyam
Kalyan Jewellers said it has given creative mandate to Ogilvy and L&K Saatchi & Saatchi for India and West Asia markets.
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.
38 Indian Manufacturers to exhibit their products to 70 international buyers from SAARC and Middle East region.
The success in Asian countries has given Trollbeads taste for more of Asia. Hence, Trollbeads has now set its eyes on India.
Renowned for ornamental legacy, jewellery Connoisseur Tanya Rastogi brings in Festive Earring Collection that reflects the royal hues and richness of Indian Culture.
Such an initiative is an industry-first, wherein customers across India and the GCC will get an opportunity to win 30 Audi A3’s on their purchase at any of the Kalyan Jewellers showrooms.
The Denmark based store opens its first store in DLF Mall, Noida.
New Ambassador a perfect fit for ‘dare to be different’ business model of India’s first online jewellery marketplace.
ORRA one of India’s most preferred brands when it comes to jewellery, launches an exciting collection of bridal jewellery set in gold.
The precious piece will be auctioned at Sotheby’s Arts of the Islamic World sale and is estimated at up to £80,000.
CaratLane, India’s leading omni channel jeweller launches a new range of 22Kt gold jewellery inspired by tradition.
ANMOL revisits the era of Royal India with their Heritage Jewellery collection that reflects the intermingling of the Persian & Indian culture.
Swarovski Zirconia Galleria shines a spotlight on key trends
Making a name for you in the extensive world of jewellery retailers needs much more than just beautiful jewellery. Sourcing of diamonds, talented artisans and a market to appreciate your jewels are equally important. Moreover, one city in India that has all these factors available in abundance is Surat. Preeta Agarwal talks to Surat’s famous jewellery designers about how the city of Surat contributes to their work.
The annual conclave touched upon various grave issues related to bullion and jewellery industry in India.
Published by the Journal House Group, Indian Jeweller magazine caters to the retail jewellery industry of India.
The company aims to redefine the wedding jewellery market with this offering
All India Gems & Jewellery Trade Federation seeks GST of 1.25 per cent for the gems & jewellery sector
Faberge adds to the growing list of global luxury brands such as Burberry and Rolex to enter India.
The aim behind this initiative is to uplift the karigars of gems & jewellery industry in India.
Income tax for small companies with an annual turnover of Rs 50 crore, now to pay 25%, a 5% reduction; 96% Indian companies will get benefit of MSME tax cut.
The company has signed a distribution deal with an Indian company.
The second edition of Couture India will be held from 9th to 11th September 2017 at Taj Palace in New Delhi.
16 Indian Exhibitors across categories including jewellery, loose stones and machinery
With this, the company is confident that India’s most desirable and profitable jewellery brand, Tanishq, will get even more desirable for customers and attractive to investors.
Founder and Chairman of the company, Arun Kaigaonkar has been one of the notable personalities of Indian gems and jewellery fraternity.
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.
A jewellery-shopping destination with curated designer fashion – First in India
The Indian gems and jewellery industry is hoping that the forthcoming budget would be more industryfriendly,which would lead to further growth of the industry. Kavita Parab spoke to few industry playersto know their views on the forthcoming budget.
World Gold Council demand trend report for Q3 of 2016
Izaara is one of its kind premium silver jewellery that brings concept driven ethno contemporary designs that includes rings, earrings, bracelets, cuffs, pendants and necklaces in a range that appeals to the taste of a modern Indian woman.
Exhibitors are of the view that the changes dates of the signatures would not help the business
Sreedhar GV, Chairman, All India Gems & Jewellery Trade Federation (“GJF”) Statement on move to encourage jewellers to go cashless
The demonetization move aims to reduce India’s dependence on Gold imports, which has a direct bearing on current account deficit and rupee value.
A step towards fulfilling Prime Minister’s dream of ‘Skill India’; GJEPC to set up IIGJ in Varanasi
Knowledge Forum, Couture India 2016
It is not every day that the industry think-tank comes together under one roof to impart their knowledge and experiences to the fellow industry patrons. But Couture India made it possible for three interest
India is known for its love affair with the fascinating pearls, since time immemorial. Kunjal Karaniya brings you a brief overview to know more about the pearls and its affair with India.