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.
GJEPC to organize India Pavilion at UBM’s June and September Hong Kong Jewellery & Gem Fair 2018.
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
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 8th to 10th 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 29th 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.