GJF welcome’s Union Budget!

Revamping Gold monetization scheme is

a victorious decision for the gems and jewellery sector

The Finance Minister’s announcement about government to soon come-up with a gold monetization scheme is a victorious decision for the gems and jewellery sector, said, Mr Nitin Khandelwal, Chairman, All India Gems and Jewellery Trade Federation(GJF) commenting on the budget.

Vallabhbhai Patel bags Udhyog Ratn Award

Felicitated in Global Patidar Business Summit

Sardardham had organized the three day ‘Global Patidar Business Summit’ in Gandhinagar to provide the community a common platform for business alliances and support their educated youth. It was the First Business Summit which was meant exclusively for the Patidars.

Edi Faltz New President to WJH Panama

The membership of the World Jewelry & Diamond Hub (WJH), Panama, Latin America's first and only diamond exchange, has elected Edi Faltz as its new President. He replaces Mahesh Khemlani, who served in the position since September 2015.

The voting took place & following an earlier decision by the diamond exchange's management, which appointed an Election Committee to manage the process.

FM to table Budget 2018 today!

Multiple jewellery parks likely to be focused!

India is one of the largest exporters of gems and jewellery. The industry is found to play a vital role in the contribution to total foreign reserves of the country. It is one of the fastest growing sectors and is export oriented and labour intensive.

Government focuses MSME

The share of MSME Sector in the country’s Gross Value Added (GVA) is approximately 32 per cent. MSMEs in India play a crucial role in providing large scale employment opportunities at comparatively lower capital cost than large industries and also in industrialization of rural & backward areas.

As per the National Sample Survey (NSS) 73rd round, for the period 2015-16, there are 633.8 lakh unincorporated non-agriculture MSMEs in the country engaged in different economic activities providing employment to 11.10 crore workers.

Botswana Diamonds moves ahead!

Botswana Diamonds provides an update on its Thorny River Project & John Teeling, chairman, commented:

“We have made rapid progress at Thorny River with the generation of volume and grade estimates following intensive exploration field work. 

India Diamond Week to be Held in April

The first India Diamond Week will be held at the Bharat Diamond Bourse (BDB) in Mumbai, India, from April 23-25. The event will see 200-250 Indian companies displaying polished diamonds to buyers from across the world.

Bharat Diamond Bourse Vice-President Mehul Shah, who is heading the India Diamond Week project, said that the BDB will be booking around 100-200 complementary hotel rooms in order to host foreign buyers who will be taking part.

Shagun held with hi-note!

Marriages are made in heaven and weddings are made at ABEC ITE’s much talked about Premium Wedding Exhibition- ‘Shagun’. Held on 19th, 20th and 21st January 2018 in Mumbai, yet again successfully emerged as one of India's premium and exclusive wedding exhibition which covered every minute details of a dream nuptial.

Shagun’s 10th edition showcased over 90 brands encompassing country’s finest fashion and jewellery designers to wedding planning service providers to lifestyle and accessory brands such as Bawree, Charu Jewels, Diamonds Forever, Ekaani, Johri, Kasso Couture, Kuchi Jewelry, Rajshree Creations, Rasiklal Jewellers, Sammohi, Sanzany, Sunita Nagi, Shubham Motiwala, Zahairaa by Golank Diamonds to name a few.

Summer Rose collection!

Luxury Jewellery brand Manubhai Jewellers, known for crafting awe inspiring jewellery, captures red roses, the eternal symbol of beauty and love, in their latest summer rose collection. The range captures the perennial theme of art in vintage pairs of statement earrings.

DeBeers Cycle 1 remained lower YoY

De Beers announced Cycle 1 result!

De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the first sales cycle of 2018.

Bruce Cleaver, CEO, De Beers Group, said: “Following positive early signs for diamond jewellery sales over the holiday season in the US, the need for the industry to restock led to increasing demand for our rough diamonds in the first sales cycle of 2018.