All India Gems and Jewellery Trade Federation (GJF) hosted its fourth edition of Gems and Jewellery Leadership Summit on February 21, 2013 at The ITC Grand Maratha Hotel in Andheri, Mumbai. It has been a constant endeavour of GJF to facilitate constant learning for the jewellery industry to retain their success and increase it by manifolds. This year there was a change in the module of the Leadership Summit in terms of speakers. This year, the summit consisted of three panel discussions and two eminent speakers from outside the industry.%% Nirupa Bhatt, Managing Director, GIA (India & Middle East) presented the opening speech and invited on dais the first speaker of the day, Govind Shrikhande, Managing Director, Shopper’s Stop Ltd. Shrikhande threw light upon the Indian retail market and the changes it has seen over the few years. He also spoke about the cultural and generation differences and how it affects the shopping mindset. He shared his insights on Foreign Direct Investment (FDI) being allowed in India and how it can affect the Indian retail scenario in the good, bad and the ugly way. Lastly he presented the journey of Shopper’s Stop Ltd over the last 21 years and its growth strategies.%% The next session was a panel discussion where the topic was, ‘Design and Innovation- Key to Growth’. The panelists were eminent designers Varuna D Jani and Roopa Vohra along with leading retailers Ishu Datwani of Anmol Jewellers and Vinod Hayagriv of C Krishniah Chetty & Sons. The topics included limitations of design being the ‘hero’ in the jewellery industry, consumers mindsets regarding paying for design, importance of in-house designers, complete utilisation of Indian heritage when it comes to jewellery design and leading designers depending only on word-of-mouth publicity instead of advertising and public relations.%% The third session presented a light yet motivational time for the audiences where celebrated author and motivational speaker Vijay Batra explained the ways of a good and successful life in a very fun and joyous way. The audiences spilt their sides with laughter and were also touched by his immaculate oration skills.%% The forth session was yet another interesting discussion panel for which the topic was ‘Small is beautiful, Big is powerful. The discussion shed light on the various pros and cons of big retail chain jewellers and small family jewellers. The panelists were Prem Hinduja of Tribhovandas Bhimji Zaveri, Jayesh Jogia of Jayesh Art Jewellers, Sandeep Khulali of Tanishq, Bengaluru, Kumar Zaveri of UT Zaveri, Mumbai, Haresh Soni of Premjivalji Jewellers, Rajkot and Vinod Hayagriv of Krishniah Chetty & Sons.%% The last session of the Leadership Summit was also a panel discussion. The topic of the discussion was ‘Volatility of Gold Prices’. The panelists included Samir Patil of MCX, Ashish Kotari of Vardhaman Jewellers, Jabalpur, Akshay Baradia of AT Jewellers, Raipur and Jaymin Shah of P&S Jewellery, Mumbai. The panelists recommended ways to hedge risk due to volatility of gold prices.%% Bachhraj Bamalwa, Chairman, GJF and Shailesh Sangani, Convener, GJF presented the closing session as the audience felt more empowered with a day full of knowledge sharing and information exchange.