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The Maharashtra state government has announced a complete waiver of stamp duty on the first lease of land and subsequent sub-leases within the India Jewellery Park, a project of GJEPC, at Mahape, Navi Mumbai. The decision, outlined in the Maharashtra Government Gazette dated 25th September 2024, aims to encourage investment in the jewellery sector and promote the development of the India Jewellery Park.

The belief that there is a specific ring for every birthstone is a common misconception among the general public. This idea is largely supported by extensive literature on birthstone jewellery, which has contributed to its popularity. The sphere of the industry of jewelleries focuses, especially due to culture and tradition, on the so-called rings of birthstones.

In a proud continuation of its long-standing commitment to create the next generation of talent, the International Institute of Gemology (IIG) is excited to announce its role as the official education partner for the National Jewellery Awards (NJA) 2024, organized by the Gem and Jewellery Council (GJC).

Gemfields, a world-leading responsible miner and marketer of coloured gemstones, joined hands once again with the Guild Institute of Gemology (GUILD), the first and only international gemmological institute in China, to host the gala ceremony of the third Aurora Awards International Gem and Jewelry Competition at the IBC International Business Centre in Shenzhen, China.

Platinum Guild International (PGI) India’s Men of Platinum has launched the MS Dhoni Signature Collection, immortalising the inspiring values of cricketing legend MS Dhoni. This exclusive collection boasts designs that reflect not only Dhoni’s immaculate style and brilliant journey but also his unmatched character and greatness.

Total revenue for the six months to 30 June 2024 is USD 128.0 million. EBITDA for the six months to 30 June 2024 of USD 49.6 million (an EBITDA margin of 38.8% for the Group). Free cash flow before working capital movements for the six months to 30 June 2024 of USD 3.3 million due primarily to a significant investment programme. The group’s net debt position on 30 June 2024 was USD 44.4 million (before USD 65.5 million of auction receivables, which are now 100% collected.

Informa Markets in India, the country’s leading B2B event organizer, proudly inaugurated the 12th edition of the Delhi Jewellery & Gem Fair (DJGF) at Pragati Maidan in New Delhi. This year’s event, the largest to date, features over 650 exhibitors showcasing an impressive array of traditional and contemporary jewellery designs from 700 innovative brands.

The Gem and Jewellery Export Promotion Council of India (GJEPC), the apex trade organization dedicated to promoting Indian gem and jewellery exports worldwide, organised the 3rd edition of the Gem and Jewellery Buyer Seller Meet (G&J BSM) at the iconic Bharat Ratnam, Mega CFC SEEPZ in Mumbai.

Shri Uday Samant, Hon’ble Minister for Industries, Government of Maharashtra, inaugurated the Indian Institute of Gems & Jewellery (IIGJ), training and skilling centre in Ratnagiri on 24th September in the presence of Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri M. Devender Singh, District Collector, Ratnagiri; Shri Kirthi Kiran Pujar, CEO, Zilla Parishad, Ratnagiri; Shri Sabyasachi Ray, Executive Director, GJEPC; Shri Siddhartha, COO, GJEPC; Shri Debasish Biswas, CEO, IIGJ, amongst others.

The natural diamond market is experiencing a renaissance, characterised by stability and a renewed sense of optimism. After facing significant challenges in recent years, including shifts in consumer preferences and the rise of lab-grown alternatives, the market is poised for growth, reflecting a positive outlook among industry experts and stakeholders.