VOL 1 ISSUE10 | PRICE : Rs. 200
RNI : MAHENG/2016/66630 | SUBSCRIBER COPY NOT FOR SALE
I N D I A’ S P R E M I U M M AG A Z I N E O N T H E B U S I N E S S O F J E W E L L E RY
NEW TEAM AT GJF
GJTCI EXCELLENCE AWARDS 2016
IBJA & JEWELBUZZ SIGN MOU
D R A W R O F Y WA
ISATION T E N O M E D POST
w : muktigold.com e : muktigold@gmail.com e: muktidiamonds@gmail.com t : +91 9821237189 | +91 9819603187 | +91-22-4911 8316
just2dial - 9819953885
Rose Micropave Collection
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Stall Nos : Hall 1 STH 102, 104
F RO M T H E P U B L I S H E R
From the Publisher
2
016 has been a very tough year for the industry. The Indian Government had began implementing various policies aimed at bringing more transparency to the economy and the jewellery industry is one of the most affected because of this. These initiatives are nudging the industry towards becoming more organised,transparent in its business transactions. The latest one, demonetisation had brought the entire industry to a complete standstill.
VOL 1 ISSUE 10 RNI : MAHENG / 2016 / 66630
Publisher VIVEK KABRA Editor ASHIKA KABRA Content Creation & Design PENITUP.COM PHANI GIRISH
We have presented a broad direction towards which the individual business houses can move to become more organised and better prepared for the other stringent measure the government is going to take in future. The leading thought leaders in the industry came together to present their views on how the businesses should strategise to make most of the changing business scenario.
ROOPESH MAVICHERY SUCHITHRA PILLAI Business Developement +91 98190 66366
vivek@jewelbuzz.in
Supported by
The annual GJTCI awards celebrate the contributions made by individuals and business houses for the growth of the industry. We present you the winners of this year. We are happy to announce that IBJA and JewelBuzz have entered into a MOU to bring out an exclusive jewellery magazine, ‘IBJA Times’. We hope JewelBuzz along with IBJA Times will form a formidable media platform to serve the industry better and you will continue to support us. Happy reading.
Vivek Kabra
AM MEDIA HOUSE Corporate Office : 2/69, Sahyog Building, SV Road, Opp. Lohana Samaj Wadi, Kandivali (w), Mumbai - 067. India | +91 22 2866 0762 / 63 mail@jewelbuzz.in www.jewelbuzz.in Registered Office : N- 10/2, Ganpati Niwas, Bangur Nagar, Goregaon (W), Mumbai - 400 090 Bangalore : #139, 2nd B Cross, SSR Layout, Dr. Shivram Karanth Nagar, Bengaluru - 560 077
vivek@jewelbuzz.in
Jaipur : # 2032, BTC House, Pitleyon Ka Chowk, Johari Bazar, Jaipur - 302 003 Vajubhai Vala, Governor of Karnataka, releasing the latest issue of JewelBuzz at 4th GJTCI Excellence Awards, Ahmedabad recently.
8
JEWELBUZZ | VOL 1 ISSUE 10
/JewelBuzzMag
Printed at : JAYANT PRINTERY LLP 352/354, Muralidhar Temple Compound, Near Thakurdwar PO, J.S.S Road, Mumbai - 400002
VISIT US AT
Stall Nos : Hall 5 GJC074,GJC076
I N T HI S I SS U E
VOL 1 ISSUE10 | PRICE : Rs. 200
RNI : MAHENG/2016/66630 | SUBSCRIBER COPY NOT FOR SALE
IN THIS ISSUE VOL 1 ISSUE 10
GJTCI
EXCELLENCE
AWARDS 2016
IBJA & JEWELBUZZ SIGN MOU
RD WAY FORWA
TISATION POST DEMONE
EVENTFUL IBJA & JB | MARK | NARAYAN | PNG | SGL
12 18
COVER STORY WAY FOREWARD
CENTRE STAGE LATEST COLLECTIONS
26
POST DEMONETISATION
44 SPECIAL COVERAGE NEW TEAM AT GJF
VARIOUS STORES ACROSS THE WORLD
MARK YOUR DATES 10
JEWELBUZZ | VOL 1 ISSUE 10
MANAGEMENT MANAGE TOUGH TIMES BETTER
60 62
EXHIBITIONS LIST
4TH GJTCI EXCELLENCE AWARDS
54 56
VISUAL MERCHANDISING
SPECIAL COVERAGE
64
STORE DESIGN NIGHTRIDER JEWELRY BY 555 INTERNATIONAL, DENVER – COLORADO
COVER PICTURE COURTESY:
NEW TEAM AT GJF
RANIWALA JEWELLERS, JAIPUR
I N D I A’ S P R E M I U M M AG A Z I N E O N T H E B U S I N E S S O F J E W E L L E RY
EVENTFUL
IBJA and JewelBuzz sign MOU to bring out ‘IBJA Times’ an exclusive IBJA Jewellery Magazine
IBJA and Jewelbuzz sign MOU to bring out ‘ IBJA Times’, an exclusive IBJA jewellery magazine. MOU also states that JewelBuzz will be official media partner for IBJA for the next one year.
Mark Bangles opens its new showroom in Zaveri Bazaar
12
JEWELBUZZ | VOL 1 ISSUE 10
SS
GJ 2 A/B
GJ A 107A GJ A 107B GJ B 108B GJ B 108A
GJ B 107A
GJ A 103A GJ A 103B
GJ B 104
GJ B 103A GJ B 103B
GJ C 104
GJ A 099A GJ A 099B
GJ B 100
GJ B 099A GJ B 099B
GJ C 100
GJ A 097A GJ A 097B
GJ B 098
GJ B 097A GJ B 097B
GJ C 098
GJ A 093A GJ A 093B
GJ B 094
GJ B 093A GJ B 093B
GJ B 107B GJ C 108C GJ C 108B GJ C 108A
GJ A 102
SS
ST F 109A ST F 109B
GJ D 102
GJ E 102
ST F 104
GJ E 101
ST F 102
GJ C 099 GJ C 097
GJ D 100 GJ D098
GJ E 100 GJ E 098
ST F 103A ST F 103B ST G 104
ST H 103A ST H 103B ST J 104B ST J 104A
ST H 104
GJ C 095
GJ D 096 GJ D 094 GJ C 094
GJ E 096 GJ E 094
GJ B 092
GJ B 091A GJ B 091B
GJ D 090
GJ C 092
GJ B 088
GJ B 087A GJ B 087B
GJ C 088
GJ A 085A GJ A 085B
GJ B 086
GJ B 085A GJ B 085B
GJ C 086
GJ E 092
ST G 101A ST G 101B ST H 102
ST H 101A ST H 101B ST J 102B ST J 102A
ST F 097A ST F 097B ST G 098
ST G 097A ST G 097B
ST H 098
ST H 097A ST H 097B ST J 098B ST J 098A
ST J 099 ST J 097
ST K 098
ST F 095A ST F 095B ST G 096
ST G 095A ST G 095B ST H 096
ST H 095A ST H 095B ST J 096B ST J 096A
ST J 095
ST K 096
ST K 095
ST L 096
ST L 095A ST L 095B ST M 096B ST M 096A
ST H 091A ST H 091B ST J 092B
ST J 091
ST K 092 ST K 090
ST K 091
ST L 092
ST L 091A ST L 091B ST M 092
ST G 102
ST K 101 ST K 099
ST F 094
GJ E 091 GJ E 089
ST F 088
GJ D 084 GJ D 082
GJ E 084 GJ E 082
ST G 092
ST J 092A
ST G 090
ST H 089A ST H 089B ST J 090B
ST J 090A
GJ A 075 A GJ A 075 B
GJ B 076
GJ B 079A GJ B 079B GJ C 080
GJ B 075A GJ B 075B GJ C 076
GJ C 079 GJ C 077
ST N 103A ST N 103B
ST L 101A ST L 101B ST M 102B ST M 102A
ST P 104
ST N 101A ST N 101B ST P 102
ST L 100
ST P 101 ST P 099
ST M 099
ST N 100 ST L 097A ST L 097B ST M 098B ST M 098A
ST N 098
ST N 097A ST N 097B
ST P 098
ST N 096
ST N 095A ST N 095B
ST P 096
ST P 097 ST P 095
ST M 097
ST L 098
ST M 095
ST N 091A ST N 091B ST P 092
GJ D 080 GJ D 078 GJ D 076 GJ D 074
GJ C 075
ST F 085B ST G 086
GJ E 080
ST F 086 ST F 084
ST L 090
ST L 089A ST L 089B ST M 090
ST K 086
ST K 085
ST L 086
ST L 085A
ST K 083 ST K 081
ST L 084 ST L 082
ST L 083A ST L 083B ST M 084B ST M 084A
ST K 079
ST L 080
ST K 077
ST L 078
ST J 089
ST H 085A ST H 085B ST J 086B ST J 086A
ST G 085A ST G 085B ST H 086
GOREGAON, MUMBAI
STALL NO : GJC077 HALL 5 ST F 083A
ST F 083B ST G 084
ST F 079A ST F 079B ST G 080
ST G 079A
ST P 090
ST P 089 ST P 087
ST K 088 ST L 085B ST M 086B ST M 086A
ST M 085
ST N 085A ST N 085B ST P 086
ST N 086
ST P 085 ST P 083 ST M 083
ST H 084
ST H 083A ST H 083B ST J 084B
ST J 084A
ST J 083
ST K 084
ST G 079B ST H 080
ST H 079A ST H 079B ST J 080B
ST J 080A
ST J 079
ST K 080
ST G 083A ST G 083B
ST N 089A ST N 089B
ST K 089
ST J 085
ST J 087 ST F 085A
GJ E 083
GJ E 079
CAFETERIA
ST N 102
ST P 091 ST F 091A ST F 091B
ST F 089A ST F 089B
GJ E 087 GJ E 085
GJ E 086
GJ E 081
GJ A 080 GJ A 078
ST N 104
ST M 101
ST K 100
ST K 097
ST F 090 GJ C 085
GJ C 083 GJ C 081
ST L 102
ST M 103
GJ E 088 GJ D 088 GJ D 086
GJ B 081A GJ B 081B GJ C 082
ST K 102
ST F 092
GJ C 087
GJ A 088 GJ A 086
GJ A 084 GJ A 082
ST 2 A/B
GJ E 093
GJ C 089 GJ A 087A GJ A 087B
SS
ST P 093 GJ D 092
GJ A 091A GJ A 091B
ST J 101
GJ E 095
GJ C 093 GJ C 091
GJ A 092 GJ A 090
ST M 109 ST N 110B ST N 110A ST N 109B ST N 109A ST P 110B ST P 110A
ST L 103A ST L 103B ST M 104B ST M 104A
VISIT US AT ST F 101A ST F 101B
GJ E 099 GJ E 097
ST G 103A ST G 103B
ST F 100
GJ A 096 GJ A 094
ST L 109A ST L 109B ST L 110C ST L 110B ST L 110A
ST G 110 ST G 109A ST G 109B ST H 110B ST H 110A ST H 109A ST H 109B ST J 110C ST J 110B ST J 110A
ST P 103 GJ C 101
GJ A 100
GJ A 098
ST 1 A/B
N
PURE PLATINUMTM THE COUPLE BAND EXPERTS...
ST N 084
ST N 083A ST N 083B ST P 084 ST N 082 ST P 081 ST M 081 ST M 079
ST L 079A ST L 079B ST M 080B ST M 080A
ST N 079A
ST P 080
ST N 077A
ST P 078
WAY TO CAFETERIA
ST F 082
GJ E 076
GJ E 077 GJ E 075 ST F 080 ST F 078
GJ A 076 GJ A 074
ST F 077A ST F 077B ST G 078
ST G 077A ST G 077B
ST F 073A ST F 073B
ST G 073 A ST G 073 B ST H 074
ST H 078
ST J 078A
ST J 077
ST K 078
ST H 073A ST H 073B ST J 074B ST J 074A
ST J 073
ST K 074
ST J 071
ST K 072
ST J 069
ST K 070
ST H 077A ST H 077B ST J 078B
ST N 080
ST L 077A ST L 077B ST M 078B ST M 078A
ST M 077
ST L 073A ST L 073B ST M 074B ST M 074A
ST M 073
ST N 078
ST P 075 GJ A 073 A GJ A 073 B
GJ B 074
GJ B 073A GJ B 073B GJ C 074
GJ C 073
GJ E 074 GJ E 072
GJ E 073 GJ E 071
ST G 074
ST K 073
ST L 074
ST N 073A ST N 073B
ST N 074
ST P 074
ST F 076
GJ B 070
GJ B 069A GJ B 069B GJ C 070
GJ A 067A GJ A 067B GJ B 068
GJ B 067A GJ B 067B GJ C 068
GJ C 071 GJ C 069
GJ E 070
GJ C 067 GJ C 065
GJ D 072 GJ D 070 GJ D 068 GJ D 066 GJ D 064 GJ D 062
ST F 072
GJ E 069 GJ E 067
GJ B 064
GJ B 063A
GJ B 063B GJ C 064
GJ A 061A GJ A 061B
GJ B 062
GJ B 061A
GJ B 061B GJ C 062
GJ A 033A GJ A 033B
GJ B 034
GJ A 031A
GJ A 031B
GJ B 032
GJ A 027A GJ A 027B
GJ B 028
SC G 058
SC G 057A SC G 057B SC H 058B SC H 058A
SC J 057A SC J 057B SC K 058B SC K 058A
SC K 057A SC K 057B SC L 058B SC L 058A
SC L 057A SC L 057B SC N 058B SC N 058A
HALL 1
SC G 053A SC G 053B SC H 054B SC H 054A
ST F 060
SC L 053A SC L 053B SC N 054B SC N 054A
SC B 049
SC C 050
GJ C 047 GJ C 045
GJ E 045 GJ E 043
GJ D 046
SC G 051A SC G 051B SC H 052B SC H 052A
SC F 047 SC B 045
GJ D 044
SC C 046
SC G 047A SC G 047B SC H 048B SC H 048A
SC G 048
SC J 047A
SC J 047B SC K 048B SC K 048A
GJ E 044
SC B 043
GJ B 037A
GJ D 042 GJ D 040
SC C 044 GJ C 043 GJ C 041 GJ C 039
GJ E 042 GJ E 040
ST N 057
ST P 058
ST N 055
ST P 056
GJ C 038
SC K 047A SC K 047B SC L 048B SC L 048A
GJ C 028
ST N 053
ST P 054
ST P 053 ST P 051
ST N 049
ST P 050
ST P 049
ST N 047
ST P 048
ST P 047
ST N 045
ST P 046
ST P 045
SC L 047A SC L 047B SC N 048B SC N 048A
SC G 046
ST F 041 ST F 039
ST G 042 ST G 040
SC G 045A SC G 045B SC H 046B SC H 046A
SC J 045A SC J 045B SC K 046B SC K 046A
SC K 045A SC K 045B SC L 046B SC L 046A
SC L 045A SC L 045B SC N 046B SC N 046A
GJ E 037 GJ E 035
ST J 039A
ST K 039A ST K 039B ST L 040B ST L 040A
ST L 039A
ST N 039
GJ C 029 GJ C 027
ST J 039B ST K 040B ST K 040A
ST P 040
ST P 039
ST L 039B ST N 040B ST N 040A
GJ E 036 ST F 040 ST F 038
GJ E 033 GJ E 032
GJ E 031
GJ E 030
GJ E 029
GJ D 028 GJ D 026
GJ E 028 GJ E 026
GJ E 027 GJ E 025
GJ D 024
GJ E 024
GJ E 023 GJ E 021
ST G 038
ST G 037A ST G 037B ST G 037C ST H 038B ST H 038A
ST J 037A ST J 037B ST K 038B ST K 038A
ST K 037A ST K 037B ST L 038B ST L 038A
ST F 034
ST F 037
ST F 033
ST G 034
ST G 033A
IN J 033A
IN J 033B
ST K 034B ST K 034A
ST K 033A ST K 033B ST L 034B
ST L 034A
ST F 032
ST F 031
ST G 032
ST G 031A
IN J 031A
IN J 031B ST K 032B ST K 032A
ST K 031A ST K 031B ST L 032B
ST L 032A
ST F 036
GJ C 033 GJ C 031
GJ B 027A GJ B 027B
SC F 045
ST G 039A ST G 039B ST G 039C ST H 040B ST H 040A
GJ C 037 GJ C 035
GJ D 034 GJ D 032
CAFETERIA
ST P 061 ST P 059
GJ E 038 GJ D 038 GJ D 036
GJ B 037B
ST P 065 ST P 063
ST P 057 ST P 055
ST F 046 ST F 044 ST F 042
GJ E 041 GJ E 039
GJ B 039B GJ C 040
ST L 037A
ST L 037B ST N 038B ST N 038A
M
ST N 037 ST N 035
ST P 038 ST P 036
ST P 037 ST P 035
ST N 033
ST P 034
ST P 033
AL M 029
GJ B 026
GJ B 025A GJ B 025B GJ C 026
GJ C 025
GJ D 022
GJ A 021A GJ A 021B
GJ B 022
GJ B 021A GJ B 021B GJ C 022
GJ A 019A GJ A 019B
GJ B 020
GJ B 019A GJ B 019B
GJ C 023 GJ C 021
GJ C 020
GJ C 019
MH F 026 MH F 024
GJ E 019 GJ E 017
GJ C 017 GJ B 016
GJ B 015A GJ B 015B GJ C 016
GJ A 013A GJ A 013B
GJ B 014
GJ B 013A GJ B 013B GJ C 014
GJ A 009A GJ A 009B
GJ B 010
GJ B 009A GJ B 009B
GJ C 015
MH F 025 MH F 023
MH G 026 MH G 024
GJ D 016
GJ E 016
GJ D 014
GJ E 014
GJ E 015 GJ E 013
GJ D 012
GJ E 012
GJ E 011
MH F 020
MH F 021 MH F 019
MH G 022 MH G 020
MH F 017
MH G 018
MH F 018 GJ C 013
GJ C 010 GJ E 010 GJ C 007
GJ A 007A GJ A 007B
GJ B 008
GJ B 007A
GJ B 007B
GJ C 008
LS L 027
LS M 028
MH G 025A MH G 025B MH G 025C MH H 026 B MH H 026A
MH J 025A MH J 025B MH K 026B MH K 026A
LS K 025A LS K 025B LS L 026B LS L 026A
LS L 025 LS L 023
LS M 026 LS M 024
MH G 021A MH G 021B MH G 021C MH H 022B MH H 022A
MH J 021A MH K 022B MH K 022A MH K 022A
LS K 021A LS K 021B
LS L 021
LS M 022
LS L 022B LS L 022A
AL M 027 AL M 025
AL M 023 AL M 021
GJ E 018 MH F 022
GJ A 015A GJ A 015B
LS K 027A LS K 027B LS L 028B LS L 028A
MH F 028
GJ E 020
GJ D 020 GJ D 018
GJ A 014
ST P 062
SC L 051A SC L 051B SC N 052B SC N 052A
ST F 048
ST F 030 GJ A 025A GJ A 025B
GJ A 020 GJ A 018 GJ A 016
ST P 066 ST P 064
ST N 061
Installation 1
CONNECTING TUNNEL
GJ A 026
GJ A 024 GJ A 022
ST N 065 ST N 063
ST F 064 ST F 062
GJ E 055
GJ D 030
GJ A 030
SC F 057
ST F 066
GJ E 057
GJ D 060 GJ D 058 GJ D 056
GJ A 034 GJ A 032
GJ A 028
SC L 059A SC L 059B SC N 060B SC N 060A
GJ E 060 GJ E 058
GJ C 059 GJ C 057
GJ B 039A
GJ B 038
SC K 059A SC K 059B SC L 060B SC L 060A
12
GJ A 037A GJ A 037B
GJ B 040
WASH ROOM
SC J 059A SC J 059B SC K 060B SC K 060A
11
GJ A 038 GJ A 036
GJ A 039B
GJ E 061
SC G 059A SC G 059B SC H 060B SC H 060A
1
GJ A 039A
SC B 044
GJ E 062
SC G 060
2
SC A 043
SC B 046
ST P 069 ST P 067
SC F 059
8
SC A 045
GJ A 044 GJ A 042 GJ A 040
SC B 050
SC C 052
ST P 072
ST F 068
9
SC A 049
SC B 051
ST N 071A ST N 071B
ST L 072 ST L 070
7
SC B 052
SC C 058
SC C 056
ST N 070
ST L 071A ST L 071B ST M 072B ST M 072A
ST K 071 ST K 069
10
SC A 051
SC B 057
SC B 055
ST H 071A ST H 071B ST J 072B ST J 072A
3
SC B 056
ST G 071 A ST G 071 B ST H 072
sc
SC B 058
ST G 072
SS
GJ A 048 GJ A 046
SC A 057
SC A 055
HALL 5
GJ A 056
ST M 069
ST P 073 ST P 071
ST F 070
GJ E 064
GJ C 063 GJ C 061
GJ A 062 GJ A 060 GJ A 058
ST F 071A ST F 071B
GJ E 068
GJ E 065 GJ A 063B
GJ A 063A
ST N 072
4
GJ A 068 GJ A 066 GJ A 064
ST M 071
ST F 074
5
GJ A 069A GJ A 069B
6
GJ A 072 GJ A 070
GJ E 007
GJ D 008 GJ C 005
IGJME EXIT
EXTENSION
MH G 019A MH G 019B MH G 019C MH H 020B MH H 020A
MH J 019A MH J 019B MH K 020A MH K 020A
LS K 019A LS K 019B LS L 020B LS L 020A
LS L 019
LS M 020
MH G 015A MH G 015B MH G 015C MH H 016B MH H 016A
MH J 015A MH J 015B MH K 016A MH K 016A
LS K 015A LS K 015B LS L 016B
LS L 016A
LS L 015
LS M 016
MH G 013A MH G 013B MH G 013C MH H 014B MH H 014A
MH J 013A MH J 013B MH K 014A MH K 014A
LS K 013A LS K 013B LS L 014B
LS L 014A
LS L 013 LS L 011
LS M 014 LS M 012
SIGNATURE EXIT
AL M 019 AL M 017
AL M 015
MH F 011
MH G 012
MH F 012
MH G 009A MH H 009B MH H 009C MH H 010B MH H 010A
MH F 010
GJ E 008
MH F 009 MH F 007
MH J 009A MH J 009B MH K 010B MH K 010A
LS K 009A LS K 009B LS L 010B
AL M 009
LS L 010A LS L 009
MH G 010 MH G 008
LS M 010
GJ B 003A GJ B 003B GJ C 004 GJ C 003
SS
GJ C 002
GJ E 006 GJ E 004
GJ E 005 GJ E 003
GJ D 002
GJ E 002
GJ E 001
AL M 007 AL M 005
MH G 007A MH G 007B MH G 007C MH H 008B MH H 008A
MH F 008
GJ C 001
SS
GJ 1 A/B
MH
AL M 003
SS
PR AYER R OOM
IGJME ENTRY
ENTRY / EXIT
HALL NO. 5
HALL NO. 1
MH
SIGNATURE ENTRY
PENITUP.COM
GJ B 001A GJ B 001B
GJ D 006 GJ D 004
M A N U FAC T U R E R S & W H O L E S A L E R S O F P L AT I N U M J E W E L L E RY
Pure Platinum Jewellery Pvt. Ltd.
Corporate Office: Unit No. E-517, 5th Floor, Floral Deck Plaza, Opp. Seepz Marol Central Road, MIDC, Andheri (E), Mumbai – 400093. Factory : Unit C-7, 1st Floor, Plot No.15, Western Industrial Co-Op. Estate Ltd., Marol Central Road, MIDC, Opp. Seepz Gate No.1, Andheri (E), Mumbai – 400093. W: WWW.PUREPLATINUM.CO.IN | CUSTOMER CARE: 022-66367979
EVENTFUL
Narayan Jewellers help Suyyash surprise Kishwer
‘Timeless by Madhuri Dixit’, diamond jewellery collection launched at the PNG Jewellers Store, Dubai.
B
ollywood actress Madhuri Dixit launched a range of diamond jewellery, Timeless by Madhuri Dixit, at the PNG Jewellers Store in Dubai. Saurabh Gadgil, chairman and managing director of P.N. Gadgil (PNG) Group; Paresh Gondkar, chief executive of PNG Jewellers, Dubai; and other company executives were present on the occasion at its Meena Bazaar store. PNG Jewellers, an established Indian jewellery brand, made its UAE debut almost two years ago. The brand is known for its association with the Indian showbiz industry and has run campaigns with Bollywood stars such as Salman Khan, Madhuri Dixit and Raveena Tandon. 14
JEWELBUZZ | VOL 1 ISSUE 10
“We have realised the customer’s requirements and their need to feel exclusive at all times. Hence, we have introduced Bollywoodinspired collections as our new product line for lovers of Hindi cinema,” Gadgil said.
The Indian jewellery brand has collaborated with Indian fashion designer Tarun Tahiliani to design the ornaments with an ethnic and royal, yet contemporary feel to it. “We have been very lucky with our first store in Dubai. We look forward to opening two more stores in the UAE,” Gondkar said. PNG has range of collections - from ethnic and heavy jewellery to chic and delicate contemporary designs. It has showrooms in India and across the world, with more than 25 showrooms, including in the US and the UAE.
EVENTFUL
SGL celebrates 10th year of service & success
SGL, headquartered in London, with a network of 13 labs worldwide, including Dubai, Riyadh, Jeddah and India, completes 10 years of its services in the Gems and Jewellery industry.
SGL certificates, now reach consumers in 115 countries through its international network which is continually growing. Confronting the lab grown diamond issue, SGL has developed proprietary technology that can detect CVD & HPHT lab grown diamonds in both loose and jewellery which is a major breakthrough. This technology will be showcased at the upcoming IIJS Signature Show in February 2017 at Mumbai. SGL was founded in 2007 and has the credit of being one of the fastest growing gem labs in the world. ‘We thank our patrons and wish to continue our pursuit of quality and standard in all our endeavors. Also, we are continually upgrading our equipment as well as our services which are the hallmarks of SGL’s business practices’ said Shirin Bandukwalla, Director
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‘At the very heart of SGL lies the exceptional standard and a tribute to the enduring commitment, hence we grade each stone with thorough detail, supported by the latest technology and vast gemmological expertise of a highly qualified team’ said Chirag Soni, Director.
C E N T RE STAGE
THE DAZZLE COLLECTION BY DILLANO JEWELS Dillano Jewels, the luxury precious jewellery brand presents to its patrons “The Dazzle Collection”- an assortment that reflects the amalgamation of diamond and pearl jewellery. The collection is a mélange of earrings, bracelets and necklines that reflects sophistication and simplicity. Ideal to wear with any attire, the collection is crafted in white gold set with diamonds and pearls.
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C E N T RE STAGE
WINTER BEAUTIES FROM ENTICE These dazzling, lightweight statement ear studs can speak loud volumes in spite of those bulky layers of winter clothing. This ďŹ ne winter collection comprising the medley of ear studs and statement rings by Entice will accentuate your face with gorgeousness and turn your hands into a piece of royalty. As most of your other skin remains absolutely unexposed in winters, Entice aims to glamorize the exposed parts during the festive season.
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C E N T RE STAGE
NEW COCKTAIL COLLECTION BY JAIPUR JEWELS Jaipur Jewels forte lies in painstakingly crafting luxury quality jewellery; creating jewels that eventually become their possessors pride. This season it’s all about in-house designed and exclusive bespoke pieces! Precious stones like amethyst, rubies and emeralds set in mesmerising designs represent the regality of a modern woman. Featuring encrustments of the finest black diamonds, rings from the collection are a true feast for the eyes and complete one’s evening look.
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C E N T RE STAGE
To add charm to the season of snow and fog, Minawala, the luxury precious jewellery sovereign presents “Serenity”, a spectacular collection of quirky rings. Crafted with lustrous 18 karat white gold and best quality diamonds of patented cuts; the rings are versatile, new age and cool. They can be accessorized with any attire; you can carry them from desk to dinner effortlessly! Each ring is stunningly laid out in eccentric styles that will add the perfect finishing touch to the outfit in trend.
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SERENITY BY MINAWALA
sales y r e l wel aar : JeRY n COVtER STO o i i Baz sa r i t e e v n a o Dem ke hit at Z Jewellery ta sa
under taxm les amid crac en lens kdo blackmon wn on ey
No ca gold:sh for jewellOld sale h ery jewell alts as e cheqrsupay in es
Demonetisation: GJF urges jewellers to go cashless , crash s k c ry sto ide ahead e l l e Jew downs more ms & e g  o hine t s e k r a n to t are repo o i t a s C oneti wellery: m e D je
IjewelleT raids on C h r of cashy shops; Rs 1ennai , 100kg 5 gold se0 crore ized
O F Y A W 8pm: 8/11/2016 The Indian Gem and Jewellery Industry will not be forgetting this moment for a long time to come, the reasons may be different for different members though. 26
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ut h s n i remay s p o ry sh e 7th da e l l e Jew for th
De Beers d tempered iamond sales d cash craucek to India’s down
Dem woeosnetisati crun : Ca on ch cr sh t h Indiae big fashes n we at ddin g
Gold reďŹ ners lose bulk business after demonetisation
r: glitte s t i sing tponed o l g n pos thi y w l o n h o not ery s Cash ur jewell Jaip
Jewelle ry pur declinechase by NR Is s 50%
D R A W R
N O I T A S I T E N O M E POST D Being one of the oldest industry in India, it has seen many ups and downs but never has experienced a moment which presented an excellent opportunity for the industry to transform itself into a transparent and organised entity. But again, it is easier said than done. The process of getting organised and transparent should start from each individual member and translate into a movement progressing towards a more organised industry. JewelBuzz spoke to some of the prominent thought leaders in the trade on the way forward for the industry post demonetisation and presenting their views in this exclusive special coverage. They spoke on the ďŹ ve key issues of moving towards an organised industry, changes in overall business, product and promotion strategies and the role of associations and councils. VOL 1 ISSUE 10 | JEWELBUZZ
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stry u d n i d e s i n a org e r o m a s d r a Tow portant role in s an im on one side play , ry st ous life du in ry le he jewel jewellery at vari e th ng ri fe of ans by the other hand the lives of Indi t to many and on en m oy pl em es id d customers. moments, prov e government an AN limit th om fr t us tr of posed the P suffers from lack dustry which op in ly industry on e th s embers of the m It is perhap e m so ay w licy. The of industry as of Rs 2 lakh po eated an image cr n io at is et on m oney. With operated post de convert black m to le op pe e ocess of g th ons that the pr ti platform helpin ca di in gh ou stry ving en digital, the indu d an t government gi en ar sp an me es more tr erates and beco op it ay making business w e th t to change future , all has no choice bu arent as per the govt rules. In way for ansp ble paving the ka organised and tr ac tr be ill w r the sactions e right path fo th g in the financial tran ct re di so ctor and al ss practises. the organised se e ethical busine th w llo fo to s er unorganised play
T
Almost 85-90 per cent of transactions in the unorganised jewellery market in India take place in cash as opposed to the organised market where cash transactions are to the extent of 40 per cent. Unorganised players, Bhat said, would have to switch to credit card-based sales, as was the trend on the organised side.
Vijay Jain, founder director and chief executive, Orra, said: “While the next 12-15 months will be challenging for both organised and unorganised players, in the long-term the organised market
India’s jewellery market, estimated at $45 billion (or Rs 3 lakh crore), which is 85 per cent unorganised, may see a shift due to demonetisation and introduction of the goods and services tax (GST). As Titan’s Managing Director Bhaskar Bhat explains, the ban on high-value notes coupled with
will gain from the new taxation and payment
the GST, will compel the unorganised market to
happen in jewellery.”
environment. What we are seeing happening to jewellery today is what happened to apparels around 20-25 years ago. At that time, you had apparel stores scattered all over, which slowly but steadily began organising themselves. Something similar could
formalise. Bhat said as much as 15-30 per cent of they were unable to organise their businesses in
Mehul Choksi, chairman and managing director, Gitanjali Group, said in seven years the organised
the new environment. “The unorganised jewellery
market could double to around 30 per cent from 15
market could be squeezed because it will not be
per cent now, a big shift given that the conversion
able to manage increased compliance,” he said
rate from unorganised to organised prior to
addressing investors on the effects of demonetisation.
demonetisation was low. (Inputs : Business Standard)
the unorganised jewellery market could perish if
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K Srinivasan, Managing Director, Emerald Jewellery Industry agrees, ‘Yes it is high time that the industry should move towards more organised and transparent trade practices as per the government policies. The future would be such that all financial
for normal commodities) resulting in less probability of lenient tax rates and a series of steps taken towards bringing in transparency in the way the industry operates leaves very less leeway for unorganised players in the industry to do the business.
transactions are trackable and so only organised players will survive and so the unorganised players
Surendra Mehta, Secretary, IBJA says,’ Government
should get organised’,
gave a clear signal to the jewellery industry by imposing excise that it wants to regulate the
Rajendra Jain, Managing Director, Swarovski Gemstones Business echoes same opinion, ’This is
industry and eliminate non-organised players
the appropriate time to visualise the bigger picture
“Gold” as “demerit goods” and left it for the industry
with a larger vision of organised, professional &
players to make efforts to recategorise as “merit
transparent business practices, respecting the
goods”. Hence the time has come for industry to be
government policies &
from the market. The Govt. has already categorised
more organised and transparent.
tax structures so that runs smooth without
Sanjay Kothari, Vice Chairman, KGK Group, says, “It’s a wonderful decision whose long term
any hurdles and in
multiplied effects will be unquestionably rewarding
future one can be able
which ultimately leads
to hand over the safe,
to survival of the fittest
ethical & successful
and that is delightfully
business
a
commendable putting
great future for your
an end to lawbreaking
successors.
formats will not only
your business always
with
earn great benefits for
The country’s Economic Survey for 2015-16, that was tabled in Parliament earlier this year, has listed gold as a “strong demerit good” as 80 per cent is consumed by top 20 per cent income earners while it is taxed at 1-1.6 per cent compared with a tax of about 26 per cent for normal goods (the central government’s excise tax on gold is zero compared with 12.5 per cent
luxury retail brands like Entice but will determinedly augment the entire economy of the nation.”
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Vishal Gandhi, Managing Director, Tiara Fashion Jewellery feels that the unorganised players in the industry will face tough times in future, Demonetisation is an excellent opportunity for the industry to move towards a more transparent way of doing business. We have so many people in
Saurabh Gadgil, MD PNG, thinks that the demonetisation will benefit the industry and customers. He feels that the industry can now focus on better designs, customer service and will have access to better financing from banks. The industry will actually start functioning as an industry.
the industry who are doing transparent and organised way of business and winning the trust of their customers. Unfortunately, there are some short term players who are very unorganised and do business in a way that the industry trust issues not only from the customers but also from government. These unorganised players either have to change their ways on their own or they will be out of the industry soon.
ry good ng run is a ve lo e th in n io isat The demonet ry and the eďŹ t the indust n be ill w it e move becaus this image ry always had st du in e h T ho consumers. as someone w looked down e ar rs le el w his where je al dealings. T doing unethic s, er om st cu cheat organised t as only the ou ed ip w t tter entire taboo ge resulting in be the industry in n ai m re d players will cus, enhance t business fo gh ri up , cy en er margins transpar sign and bett de ed ov pr im ice, lead to the customer serv etisation will on m de e h T r. e under for the jewelle e people wer er h w on ti ti ical compe rd to sell end of uneth gil right way, affo a in e ad tr Saurabh Gadtor e ing th ec lead to the cutting, not do Managing Dir market . It will e th rs g le in el ct w fe Je te af P N Gadgil at cheaper ra age. ing a clean im industry gett n’t ms and we do vernment nor go e th r pe as ack money dustry status ing hawala, bl n’t have an in do es le do op it , pe ry , st ed al nis ll it an indu pect a nation ally gets orga Tough we ca e industry re vel. We can ex th le t en h en er W ff l. di ci rs a welle more be at al coun nks look at je ry status will have a nation st ba du sh in pu e ol so h al w will ove away the ry exports . It laundering m PC for jewelle JE G e lik . s mestic sale counsil fro do favourably.
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ll a r e v o e h t n i Change egy t a r t s s s e n i s bu some site to what po op n, io at is he demonet ts an excellent ade think, presen tr e th of rs be siness, be mem the jewellery bu in le op pe r ided fo opportunity ufacturer. It prov an m or r le sa le e it a Retailer, who businesses in the jewellery trad e r th think overall enough push fo ing table and re aw dr e th to to go back . business strategy
T
Saurabh Gadgil, MD, PNG thinks there is nothing fundamentally wrong with the whole thing, the government has clarified that they are not putting any holding or limit on the ancestral gold jewellery or gold jewellery people buy, only thing the government said is that the buying should be accounted for. So this fake fear has gone away. There is no need to panic, right now the issue is of money circulation. People have money in the bank and not in hand, They are holding on to what ever they have and prescribes an effective strategy. “I think it is a passing phase. Jewellers should
He says, So far due to ignorance simply buying and selling the products was taking place without knowing much about the statutory. Now things should be organised and jewellers should learn the statutory obligations and succeed in business.
Surendra Mehta, Secretary, IBJA echoes similar practices and says,’ Jewellers should start following the law of land and stop buying and selling inappropriate and without invoice. Subject to
use this time to beef up the operations, to drive
Income tax Limit, Jewellers
out the inefficiencies, focus on better design
must
and I think customers will comeback. The
transaction methods.
adopt
cashless
life becomes much easier when people start paying online, cash handling will go down and I think it will comedown to a large extent,
Rajendra Jain, MD, Swarovski emphasises focus on flexibility, he advises, “One needs to remain
as much as 50 to 60 percent. Life becomes
flexible and be ready to adapt the change
easier for every one”.
immediately as per the current & future need
K. Srinivasan, MD, Emerald Jewel Industry India Limited thinks that its important to understand and focus on statutory obligations.
of the business and government policies. If you don’t accept the change, it can be difficult to survive and possibly one can be out of the business sooner or later. VOL 1 ISSUE 10 | JEWELBUZZ
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tegy a r t s n o i t o m pro Product and ions in the cent of transact -90 per sed market ry business, 85 and in the organi n Indian jewelle sh ca in e ac pl ke ation had arket ta . The demonetis nt unorganised m ce r pe 40 t dition stand abou dstill. This, in ad an st to e cash transactions m co les sh transactions the jewellery sa e ad m d ha , almost all the ca se it on the purcha to PAN card lim dropped further. limit ound PAN card ar gy te ra st t uc sion and take to plan his prod al strategic deci A jeweller has rn te in an on d d online. of base through cards an ts en or independent ym pa in se onary the increa wn on discreti do t cu to the advantage of le op also made pe investment. a more reliable Demonetisation as ld go ds ar w ove to spending and m
I
an important role in the entire economic
K Srinivasan, thinks that it helps to plan the product strategy based on the PAN limit. He says, Obviously the product strategy, to the
system, gold is a store of value. In the times of
largest extent will change to ďŹ t into the
demonetisation the only asset to hold when
limit where pan card is not mandatory for
the currency became illegitimate was gold.
maximum cash purchase. This means the
From that prospective people will invest in
chances are bleak for heavy weight and high
gold and we can see the real consumption
end jewellery unlike earlier days.
Saurabh
Gadgil
explains,
people
have
realised the importance of gold that it plays
and parking unpaid tax money in gold and diamonds will move away. I think the Indian
Surendra Mehta agrees, Yes, Normally at
imports will come down and whatever
current price levels a 70 GMS product can
we are importing will be for our domestic
be sold without PAN card in cash. Jewellers
consumption. So, when people are consuming
needs to change their product plan to make
they don’t mind paying more for designs and
goods below to 70 gms.
the experience.
He thinks, instead of PAN card limit which can be altered any time, the jewellers should focus on getting the right consumers. If the consumes has accounted his money, he does not hesitate to give the pan card details. The jewellers must first makeup their mind that they will follow all the norms and make the consumer understand. When people are buying online every transaction is tracked and all the bank details are given. The same should hold good for sales in retails stores too.
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Rajendra Jain concludes that one has to adapt to the situation and balance product strategy to achieve success. It will surely attract the consumers and possibly can help in creating the demand and increase the sales for everyone in the supply chains if one produces & sells the attractive and innovative products at the retail below the PAN Card range. Due to demonetization, possibly there would be a low demand for the high value Jewellery for few months or a year hence if one focus more on the speciďŹ c value product strategy
as per the situation. I believe one would be able to create great opportunity in such a challenging situation. This absolutely does not mean that other products and high value products will not have any demand or sales, there will always be a good demand and customers during the wedding seasons and festivals. The only change that can be expected is, the volume sales can reduce as compared to the previous years. Hence one has to adapt the situational and balancing product strategy to achieve success.
is not a good y exists and it ad re al gy te “The stra around PAN oduct strategy pr e th an pl that thing to an indication h again gives ic h w it lim card overcome find ways to to g n yi tr is the industry the steps to hich is one of w , it lim rd he the PAN ca ack money. T ns and curb bl io ct sa an tr e e th track th pendent and should be inde gy te ra st t as uc this it prod t advantage in ea gr a as h ry Silver indust competitive gns at a very si de t n lle ce can offer ex prices.”
i Vishal Gandcthor
re Managing Di Jewellery Tiara Fashion
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Discretionary spending down, jewellery sales climb Innoviti, a payment solutions company backed by Catamaran Ventures, says card users have cut spending by 30% on discretionary items such as mobiles and consumer durables since demonetisation, even as the country sees an increase in the use of digital payment options to transact funds. Interestingly, spending for jewellery is continuing to increase, up to 10% from the first to the fifth week of demonetisation. “This is surprising as after Diwali jewellery sales are usually in a lean period, suggesting that consumers may be diverting money into jewellery for savings,” said Rajeev Aggarwal, chief executive officer, Innoviti. “This correlates with the reduced high-value spending,” he added. Innoviti is a payments firm backed by N R Narayana Murthy’s Catamaran Ventures and powers the payment backbone of companies such as Titan, Reliance Retail and Indigo Airlines. The company says it processes 20% of India’s card payments. On the other hand, as the cash flow is improving, cash transactions are slowly coming back to retail shops. This has resulted in a slight decline of 10% in card usage at retail stores during the current week. The share of debit and credit card transactions in the unorganised sector is about 30%, as opposed to 10-12% before demonetisation. This was around 65% during the initial phase of demonetisation, the firm said.
in new credit and debit card users across India. The processor, which conducts around Rs 6,500 crore of transactions a month for companies like Arrow, Bajaj and Airtel, says old users seem to be spending less than earlier, but the situation was improving. The company attributed the initial decrease in transaction value to cutting down on discretionary spending. This also explains the drop in monthly instalment transactions, the company says. However, after demonetisation an average of 320,000 new card users are coming into the system every day. “This growth is unheard of and shows the scenario is changing fast. After the initial days of inconvenience, people are increasingly adapting and finding a way out through digital payments,” said Vikas Bhasin, chief financial officer, PineLabs. In fact, the new users have pushed the average transaction value up. The company added 1.9 million new users in the first six days of demonetisation. (Inputs : Economic Times)
Pine Labs, a payment processor for businesses, recently said it had seen transactions from existing customers fall in value for discretionary spending, even as it has seen higher growth
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Promoting the product in these times place an important role and the jewellers need to explore various ways to promote their jewellery. Social Media could play a very critical role in coming days by helping retilares reach to their cusotmers effectievely. K. Srnivasan adds, jewellery can be promoted
customers. In future mostly it will be design oriented and the products with excellent designs will sell more.
Surendra Mehta thinks a more personal approach towards customers is the key, he says, Personal approach to customers thru social media, exbhitions and after sales strategy
through exhibitions and various promotional
are necessary to attract customer. Festival
activities. Also World Gold Council can take
promotions are another way to promote
a lead role along with various associations
products. Each shop should display vision
to promote gold jewellery. After all the only
mission & policy of its shop. This price
mantra is that those who provide excellent
charged should
design, quality, purity, good finish, light
rates. The making charges should also
weight, etc will ultimately attract more
be displayed.
be real time as per IBJA
tial growth of is a big poten e er th at th I believe e should look untry and on co e th in rt po Jewellery ex e current well during th as s ie it un rt for such oppo market and the domestic in n io at tu si g challengin direction and government r ea cl a is e also ther ch initiates. support to su sociations e Jewellery as th l al e m ti e At the sam ucating and the lead in ed ke ta to e av h ry of India silver Jewelle mestic gold & do e th g n ti promotional protec otivational & m e th g n ti ea rs business by cr Rajendra Jactin ce of Jewelle re or the confiden ck ba g in br Managing Di program to stone Swarovski Gem s. and consumer Business business. lver Jewellery Si & d ol G e ing th e consumers ers in promot g interest of th t our custom n or ti pp ea cr su d ly an re cing believe as ski will since ojects influen We at Swarov will make them at program & pr th al ry n le io el ot w om on Je lop new pr & confidence And will deve ck their trust ba g n gi in br love as well. helps in first and last that possibly ’s an om w d t an st investmen omers win by one of the be help our cust to on s on ti lu so g them back iant s and will brin ting some brill ie ea it cr un of rt n po io op ct ess k in the dire to new busin We shall wor t challenges en rr cu e th them from transforming the runway.
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s n o i t a i c o s s A Role ofan a million members in the industrya, kethye
W
ations have ith more th national associ d an more al on gi re local, ansform into a tr to ry st du in helping the implemented role to play in at the change is th t an rt po im is . It d lead the organised entity me together an co ns io at ci so actices. and as hical business pr et at every level d an cy en ar transp t a positive industry towards have greater role to play presen also The associations umers. rnment and cons case to the gove
K. Srinivasan, Managing Director, Emerald Jewel Industry India Limited, echoes same and says, it is
industry stands united. He says, a good & sincere
better for the industry to go hand in hand with
unity of the entire industry and all the associations
government. Already the gape is being bridged
of India will surely help the industry to grow and
through some bodies such as GJEPC, GJF, etc and
present their cases strongly and effectively with
hope the government will support the jewellers for
the government. But before that , he suggests to
sustainability. He thinks
work towards making the industry stronger. He
organised lobbying helps
says,I believe first we need to make our industry
to present the views from
and associations stronger and united to work
the industry. Government
in the direction to win the trust & confidence of
policies are formed in the
government and the day they start believing in us
interest of the welfare of
surely they will invite and involve us in the decision
the country.
making process of any future government policies
However,
always organised lobbies
Rajendra Jain maintains that it is important that the
for the betterment of the industry and the country.
can represent grievances of jewellers for redressal.
Surendra Mehta thinks, The association plays better role in presenting a positive image to the government. But same unorganised players always damage the reputation of industry. All associations should have one voice and should work towards Nation building with support of industry. Industry and Government both needs breather now. No support of government is expected unless industry work for betterment of nation. I don’t think lobbying is not needed. The correct policy and approach is always accepted by
Vishal Gandhi, echoes the opinion. He says, It is important that all the association come
Government. All association should work together
together and help make the industry organised
to recategorize Gold as “merit goods” and this will
and transparent. It is not possible with few of
be positively taken by Government.
the members are getting organised and others
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are opposing. The associations should take the responsibility of educating their members and help them in getting organised in their businesses.
Sourabh Gadgil expects that there will be a national council soon, he says, All the associations have to come together . there has to be a national council very soon for the domestic sales. It is not clear whether it going to be one of the existing national association or a unified form of all the association. But we can soon expect it.
discount and freebies On digital payment. This has enabled jewellers to not loose any major business
India Bullion and Jewellers Association ,IBJA took
and customer.
initiatives to help their members to move towards a more transperent transactions. It was was the first
Surendra Mehta, explained,’Jewellery business has
to inform all the members to move towards cashless
recovered by more than 50% due to IBJA’s effort of
system and also not to charge any transaction fee
explanining its members to immediately shift to
for digital payment.
digital payment. Undoubtedly, once the cashless system increases, business will automatically gets
IBJA has also requested its members to offer
organised. That’s core focus of IBJA today.”.
ing siness improv nfident of bu co ry ve e ar “We for our ady gearing up re al e ar d an post budget on 3-4-5 ow scheduled h es ad tr dz bai. Jewel Tren Sahara, Mum uled at hotel ed h sc 17 20 is February stall booking are getting on e w se on sp as h The re t say that IBJA ing and I mus ag ur co en ry ve dustry.” back for the in s es n si bu e triggered th
ta Mukesh Meh President, IBJA
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4 GJTCI EXCELLENCE AWARDS th
Gem and Jewellery Trade Council of India (GJTCI) had organized the fourth edition of GJTCI Excellence Awards presented by Swarovski and Powered by GIA. The event was supported by IndextB, Gujarat Tourism and JewelTrade. recently at Ahmedabad. Shri Vajubhai Vala – Honorable Governor of Karnataka was the Chief Guest for the Award Ceremony 44
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GJTCI Excellence Awards recognise and “ it is very important in this challenging times to recognize the efforts of our fellow jewellers who aim at bringing employment, uniqueness and a belief of trust to the society. This year we also looked upto individuals with social welfare and women entrepreneurs as well along with jewellers. The event also had a session for motivational speech to overcome the daily stress of our businessmen. “ – Shantibhai Patel President, GJTCI.
honor the BEST in the Indian Gem & Jewellery Industry. They celebrate the contribution of individuals as well as business houses with a focus on people who make up the industry and take the industry to different heights as well as people who fulfill their social responsibilities through their business. The Awards were given for various categories like Diamond, Plain Gold, Studded Jewellery , Kundan, Silver, Exports, woman entrepreneur, social services, lifetime achievement etc. GJTCI encouraged women entrepreneurs in jewellery field by felicitating them in a separate category. GJTCI felicitated Nirupa Bhatt- Managing Director of GIA-India, Farah Ali Khan and Suhani Pittie- one of the most creative and well known jewellery designers of India who have created their own line of jewellery.
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SP E C I A L COV E R AGE
Excellency in branding
Rajendra Jain Swarovski Gemstones Business
Outstanding Social Activist- Trade & Industry Mohit Kamboj, IBJA
Exceptional Contribution to the Industry Nirupa Bhatt, GIA
Journalism & Social Activist Ajay Umat Ahmedabad
Best Advertising Campaign Electronic Media - MH Saurabh Gadgil, P G Gadgil
Best Brand of the year - (Kolkata) East
Sankar Sen, Senco Gold Pvt. Ltd.
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4th GJTCI EXCELLENCE AWARDS
Best Diamond Jewellery Designer of the year
Farah Khan, Farah Khan Fine Jewellery
Business Excellence Award Mahendra Tayal Anmol Jewellers
Best Business Ethics G. Radhakrishnan GRT Jewellers.
Innovation in Day-to-day Jewellery
Sunil Nayak, Reliance Jewels
Best Indian Bridal Jewellery-UAE
Chandubhai Siroya, Siroya Jewellers
Most Innovative Jewellery Designer of the Year Suhani Pittie
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SP E C I A L COV E R AGE
Best Gold Chain Manufacturer- West
Saiyam mehra, Unique Chains Pvt. Ltd.
Social Activist- East
Samar Kumar De, Kolkata
Social Activist- North Ram Avatar Verma
Best Silver Jewellery of the year Vishal Gandhi Tiara Fashion Jewellery
Best Woman Entrepreneur –South Mallika Grandhi Manoj Vaibhav Jewellers
Best Gold Jewellery Design-West
Ashishbhai Pethe Waman Hari Pethe Jewellers
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MFG of 92.5 Hallmark Silver �r��le�� Jewellery & Payal
Jaipur Factory
The World of Silver aims to educate the people of India on everything they need to know about their Silver purchase. The World of Silver aims to maximize the industry's growth by monitoring and encouraging Silver consumption. Currently, only a handful of people with a specialized knowledge or interest understand silver's asset value. https://www.facebook.com/worldofsilver
Launched the World's rst Motorcycle Made of Silver in 2013. Rolls Royce featured Silver Emporium in their Coffee Table Book in 2013. In 2013 & 2015 India Bullion and Jeweller's Association (IBJA) awarded Silver Emporium as the 'Best Silver Manufacturer' in the Industry. In 2014 & 2015 Gem and Jewellery Trade Council of India (GJTCI) Awarded Silver Emporium as the 'Best Silver Manufacturer' in India.
www.silverempo.com REGISTERED OFFICE & SHOWROOM Silver Emporium Pvt Ltd. Chambar Bhavan, 1st Floor, Opp. Abhinandan Market, 232/234, Kalbadevi Road, Mumbai-400 002. Tel : +91-22-6157 0000 (30 Lines) 2240 0914 |2241 2712 Fax : +91-22-2240 4803
SILVER EMPORIUM EXIM LLP SHOWROOM : Shop No:199, Venkatachalam Street Behind Yellow Pages (Off. R.K.Salai) Mylapore, Chennai-600 004. Tel: +91-44-4335 6057 Email : chennai@silverempo.com
SILVER EMPORIUM TRENDZ LLP SHOWROOM : 4A/5A, Grd Flr Siddharth Bldg., Factory Lane Off. L.T.Marg, Borivali (W) Mumbai-400 092. Tel : +91-22-2898 4990 | 2898 4997 Email : borivali@silverempo.com
SILVER EMPORIUM SOUTHEX LLP SILVER EMPORIUM ARTIFACTS LLP SHOWROOM : 6-3-862/A & B SHOWROOM : 402, 1st Flr, Rajshree Shop No.6, Lal Bunglow Market (Next to Saklajee Market) Ameerpet, Hyderabad - 500 016 Near Avenue Road Circle Tel : +91-40-4020 3397 Avenue Road, Banglore - 560 002 Email : hyderabad@silverempo.com Tel : +91-4172 5151 | 4172 5152 Email : bangalore@silverempo.com
SEPL MANUFACTURING FACILITY & SHOWROOM : G1-795, Industries Area, Sitapura, Tonk Road, Jaipur-302 022 Email : jaipur@silverempo.com
SP E C I A L COV E R AGE
4th GJTCI EXCELLENCE AWARDS
Contribution to Industry
Suvro Chandra P.C.Chandra Jewellers
Emerging Net Marketer Vikas Chudasama GJF
Young EntrepreneurTraining Kalpesh Desai, ISGJ
Best Consultant for the Sector Anil Prabhakar Mumbai
Best Diamond & ColorStone Jewellery-Gujarat Ketan Chokshi, Narayan Jewellers
Supported by Dr. C. Chaterjee IndextB
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SP E C I A L COV E R AGE
Supported by Preeri Bhatia
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Supported by Vivek Kabra JewelBuzz
Best Diamond Jeweller of the year Ashraf Motiwala A.S.Motiwala Jewellers
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Contribution in Promotion of Sector Govind Verma Jewel Trendz
Contribution to the Industry Surendra Mehta IBJA
Outstanding Logistics Service Bhavik Chinai BVC Logistics
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SP E C I A L COV E R AGE
NEW TEAM AT GJF
Nitin Khandelwal is the new Chairman & Pramod Agrawal appointed as the Vice Chairman.
T
he All India Gems & Jewellery Trade Federation (GJF), a national trade federation for the promotion and growth of trade in gems and jewellery across India, has appointed Nitin Khandelwal as Chairman and Pramod Agarwal as Vice Chairman for a period of two years. The list of other Directors of GJF has been uploaded on the company website.
Nitin Khandelwal, Chairman GJF, said, “I am indeed honored by the opportunity given to me to lead the industry’s apex body which is one of the most prestigious organizations in the industry. Given this great responsibility of helming the affairs at GJF, I am committed to further the growth of this organization with the help of the newly elected zonal heads and Committee of Administration of GJF. I believe that the industry must remain united and together to achieve greater prominence and growth for the Gems & Jewellery sector”.
Pramod Agrawal, Vice Chairman, GJF, said, “It is my proud privilege to work for the growth of this pivotal trade organization and contribute my vision for the development of its member jewellers across region. There is a need for the industry to become more organized and compliant. GJF will continue to create better and newer platforms for the industry”.
Nitin Khandelwal, Khandelwal Jewellers (Akola) Pvt. Ltd. has been closely associated with GJF since its inception. Over the years, he has successfully conceptualized and executed innovative programmes for the benefit of the Industry. Pramod Agrawal, Derewala Jewellery Industries Ltd. has a vision to create a benchmarks in gold, silver and fashion jewellery that reflects excellence in design and artistry. He is focused on innovations and visualizing future trends, for the benefit of the industry. The e- Voting also elected 18-member Committee of Administration (CoA) of GJF, comprising of Zonal Chairmen- Shankar Sen (East Zone), Vijay Khanna (North Zone), N Anantha Padmanaban (South Zone) and Nitin Khandelwal (West Zone). The entire e-Voting election process was conducted by an authorized independent person (Chief Election Authority), and the voting platform was created by a digital agency, both appointed by GJF. The electronic voting facility conducted hasslefree election of various panel & zones. The voting process was for 8 days starting from 22 to 28 December, 2016. The results were declared on December 30, 2016.
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M A N AG EME N T
MANAGE TOUGH TIMES BETTER There are two types of business--those that have had tough times and those that are going to have tough times. Generally tough times relate to money dramas, either a lack of business, or a client that goes broke or a combination of the two. Of course there are other issues that can create tough times but more importantly, what do we need to do to survive them?
Don’t make things worse by doing nothing. Whenever you see a disaster looming, the single most important thing to do is take action. Sometimes we can be a little like a deer in the headlights, not quite believing what is going on, frozen on the spot. The problem is that if we don’t leap into action, things will always get worse and they will get worse quickly.
Deal with facts not fiction. In the middle of a tough time it is really easy to start freaking out based on “what could be” as opposed to what actually is. It is imperative to get all of the 56
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information about what is going on and to only deal with facts, regardless of what is going on in your head. Most of the things we worry about never actually happen, so don’t let your imagination get ahead of the reality of the situation.
Always cement your relationship with your existing customers. In a weirdly ironic way, when times are tough, many businesses actually stop servicing their existing and loyal customer. A depressed mood descends on the business and this in turn affects customer service. That’s why businesses in this negative space lose far more customers than they should, which of
course only makes matters worse. Now is the time to build bulletproof relationships with each and every customer you are fortunate enough to have. You need to be communicating with your customers, engaging them, finding out what is going on in their world and most importantly of all, becoming very clear on what your customers need from you.
Use this situation to rethink your business. Tough times are crossroads in our business and they provide an opportunity to make hard decisions about what is working and what is not. This is the perfect time to stop and really reflect on your business and
make the changes that deep down you know you need to make.
It is time to get out and chase business. Just as we can stop servicing our clients during tough times, business development can also grind to a halt and we all know that this spells disaster. As hard as it may be, when times are tough, you have to ramp up your business development and push through the hard times. Winning a few new projects, or finding some new clients might just prove easier than you think and it will go a long way to making you feel better.
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M A N AG EME N T
Be careful whom you spend your time with. One of my favorite sayings is that “if you lay down with dogs you get up with fleas.” It is more important than ever to avoid the harbingers of doom, those people who are negative all the time, they only ever focus on what they haven’t got as opposed to what they have and so on. Don’t let yourself get caught up in the negativity vortex. Keep away from people who are like this and find the positive, proactive and energetic business owners who are too busy getting on with it to get caught up with misery brigade.
Be prepared to try “NEW”. When what you are doing isn’t working it makes sense to try something different. Now this sounds logical, yet I have watched so many businesses slowly go bust simply because they kept doing the same thing, right to the end. We have to be prepared to do new things, try ideas outside of our comfort zone and look to other for advice.
Invest in your business.
This is the very best time to invest in your business. It is time to give the outside a coat of paint, upgrade the website, come up with a new corporate image, train your staff, invest in new technology and really anything else that will make your business look more impressive and run more impressively.
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Invest in yourself. Just as I believe that it is an important time to invest in your business it is also an important time to invest in yourself. This means learning new skills through books, seminars, online training, mentoring, coaching, really whatever it takes. To do this you need to invest time and money.
Find someone to mentor you through the challenging times. If you have someone who you admire and respect and who you know has been through a similar challenge, why not reach and ask for help. Be totally honest with them, tell them the problem, exactly how bad it is and what help you need. They can’t be expected to take on your problem, but having them to talk to, and to offer advice on how they got through their own challenges could just prove invaluable.
Learn from the experience. This can be such a cliche but it is true. Most business owners are really good at beating themselves up for things that go wrong but there really isn’t much to be achieved from this. Far better to take a step back and learn from the experience. What would you do differently next time? What were the clues that you should have picked up on? What are you going to do to make absolutely certain that this never happens again?
BELLY All rights reserves. Studex®©copyright 2016
NOSE
AFTER CARE
V I SUA L ME R C H ANDI S I N G
VISUAL MARIAH
Visual Merchandising is an art to attract, engage and motivate customer towards making a purchase. It’s the visual treat that entices the customer when the importance of the product is conveyed in the most creative way.
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E
stúdio Chão has unveiled its design for Mariah
TREAT ROVERY JEWELRY STORE BY ESTÚDIO CHAO, SÃO PAULO – BRAZIL
Rovery’s debut jewelry store in São Paulo, Brazil. With a floor plan of just 20 meters squared, the
studio has wrapped the interior of the shop with an envelope of ‘tubes’ that appear tonally similar from afar, but upon closer inspection prove to be texturally individual. In its preparation for the project Estúdio Chão undertook extensive research into the work of Mariah Rovery exploring the various elements, jewels and textures employed in her work. “The contrast of textures, brightness and values are always a rich source of her art and work”, explain the studio, who were inspired by the artist’s use of relatively ordinary materials in conjunction with precious stones. The studio mimicked this style in their approach to the design, working with three tonally similar but texturally distinct materials: brass, wood and cardboard. The main street facing window is obscured by a screen of floor-to-ceiling tubes, with the material of each alternating periodically. The central concept was to create a homogenous palette of textures where, from a distance, the viewer would perceive a warm and welcoming ambience. As soon as the store is approached, the materials reveal themselves as a contrasting collection of textures, properties and sensibilities. The effect is continued throughout the store, interrupted only by recessed glass display cases. The design raises the question of “worth” with regards to different materialities. Three distinct textures, when combined, are shown to be equally as appealing aesthetically — but some lose value or appeal when perceived in a different context. Design: Estúdio Chao Photography: Graziella Widman Courtesy : www.retaildesignblog.net
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STORE D E S I GN
STORE DESIGN A CRITICAL ELEMENT IN JEWELLERY RETAILING, RETAIL STORE DESIGN DIRECTLY IMPACTS THE JEWELLERY SHOPPING EXPERIENCE AND THUS SALES. JEWELBUZZ PRESENTS BEST DESIGNED STORES ACROSS THE WORLD AND LATEST TRENDS IN STORE DESIGN EVERY MONTH.
N
ightrider jewelry was born of unwavering dedication to the creation of fine jewelry, with a focus on excellence in every detail. Realizing the mutual commitment to one of a kind, quality craftsmanship, Nightrider teamed with 555 to design their new store and fabricate the unique specialty features that would make their space stand out within Denver’s Cherry Creek Mall. At each phase of the process, from conceptual design to custom fabrication, from management to installation, the 555 team ensured precision in each detail. The materiality reflects the soul of the Nightrider brand with fixtures designed to highlight the artistry of the products. The exterior storefront is clad in light wood vertical planks intersected by large window openings and dark framing. At the entryway ceiling, custom metal mesh panels lead to the reception area, compromised of custom signage within back wall cabinetry and a light wood and stone reception desk, partially encased in custom laser cut blackened metal. Brilliant display cases furnish the front of the retail space. Ultra-clear starfire glass sits on black bronze steel bases with laser cut details between open frames. Two massive screens mirror each other to divide the front display area and back consultation space. Each screen measures over 7 feet wide and 10 feet tall, telling the story of Nightrider in laser-cut black bronze with applied printed graphics, fine metal mesh panels and dark oak framing. 62
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NIGHTRIDER JEWELRY BY 555 INTERNATIONAL, DENVER – COLORADO
In the back room, specialty jewelry is highlighted at center display cases, flanked by dark wood cabinets with waterjet designs cut through their solid side panels. Throughout, custom plaster walls add grit to the polished displays. Lounge furniture and accessories were selected to embody the American spirit in dark leather, blackened steel and raw wood. The space as a whole is an embodiment of the Nightrider identity, speaking to a passion for craftsmanship made in the USA. Photography by Jamie Gray VOL 1 ISSUE 10 | JEWELBUZZ
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E X HI BI T I O N S - I N DI A
GOREGAON, MUMBAI
10th Signature IIJS 6 - 9 February 2017 Bombay Exhibition Centre Gem & Jewellery Export Promotion Council iijs-signature.org
India Gem & Jewellery Machinery Expo 7 - 9 February 2017 Bombay Exhibition Centre Gem & Jewellery Export Promotion Council
13th GJIIE -2017 10 - 12 March 2017 Bombay Exhibition Centre UBM India Pvt. Ltd chennai.jewelleryfair.in
signature@gjepcindia.com
iijs-signature.org
syed.thamim@ubm.com
+91-22-42263600
signature@gjepcindia.com
+91-44 4553 0072 / 73
+91-22-42263600
Jaipur Jewellery Show 17 - 20 March 2017
India International Jewellery Show 2017
Jaipur Exhibition & Convention Center(JECC)
9 - 11 June 2017
27 - 31 July 2017
HICC Novotel, Hyderabad
Bombay Exhibition Centre
JJS Committee
UBM India Pvt. Ltd
Gem & Jewellery Export Promotion Council
jaipurjewelleryshow.org
hyderabad.jewelleryfair.in
info@jaipurjewelleryshow.org
pankaj.shende@ubm.com
+91-141 272 5647
+91-22-61727272
11th Jewellers Association Show 1 - 4 September 2017 JECC, Sitapura, Jaipur Jewellers Association
64
Hyderabad Jewellery Pearl & Gem Fair
iijs@gjepcindia.com +91-22-2654 4600
COUTURE INDIA
Delhi Jewellery & Gem Fair
9 - 11 September 2017
24 - 26 September 2017
Hotel Taj Palace, New Delhi
Pragati Maidan, New Delhi
Gem & Jewellery Information Centre/ Indian Jeweller Magazine
UBM India Pvt. Ltd
jasjaipur.com
coutureindia.show
info@jasjaipur.com
coutureindia@indianjeweller.in
+91-141-2563829
+91-22-2675 6066
JEWELBUZZ | VOL 1 ISSUE 10
iijs.org/index.php
delhi.jewelleryfair.in marketing.jewellery@ubm.com +91-22-6172 7182
E X HI B I T I O NS - GLO B AL
Hong Kong International Jewellery Show 2 - 6 March 2017 Hong Kong Convention and Exhibition Centre Hong Kong Trade Development Council hktdc.com hktdc@hktdc.org
E XH IB IT IO NS - G LO B AL
JA Newyork 12 - 14 March 2016 Javits Convention Center · NYC Fairs and Congresses Arezzo ja-newyork.com jasumexh@experient-inc.com 240-439-2983
(852) 1830 668
LAS VEGAS Gem & Jewelry Show 29 May - 1 June 2017
MidEast Watch & Jewellery Show 4 - 8 April 2017 Sharjah Expo Centre, Sharjah, UAE Expo Centre Sharjah mideastjewellery.com amjed@expo-centre.ae +971-6-5770000
JCK LAS VEGAS 5 - 8 June 2017
The Mirage Hotel and Casino
Mandalay Bay Resort & Casino Las Vegas, NV
G.L.D.A., Inc. Headquarters
Reed Exhibitions
www.glda.com
reedexpo.com
info@glda.com
inquiry@reedexpo.com
+1 203 840 4800
+1 203 840 4800
Singapore Jewellery & Gem Fair 27 - 30 October 2017 Marina Bay Sands, Singapore, Singapore UBM Exhibition Singapore Pte Ltd singaporejewellerygemfair.com clara.leong@ubm.com +65 6592 0888
Dubai International Jewellery Week
VicenzaOro - Dubai
Jewellery Arabia
15-18 November 2017
21-25 November 2017
15 - 18 November 2017
Dubai World Trade Centre
Dubai World Trade Centre
DV Global Link LLC
Baharain International Exhibition & Convention Centre
Arabian Exhibition Management Fawzi Al Shehabi jewelleryshow.com
dubai.vicenzaoro.com exhibitor@vicenzaorodubai.com +971 (4) 308 6431
Arabian Exhibition Management Fawzi Al Shehabi jewelleryarabia.com
benedetta.galletti@arezzofiere.it
benedetta.galletti@arezzofiere.it
+65 6592 0888
+65 6592 0888
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PENITUP.COM
AD INDEX
ADVERTISEMENT’S INDEX Sl No
Name of the Advertiser
City
Page No
1
Aarya 24KT
Mumbai
15
2
Alankar International Pvt. Ltd
Mumbai
9
3
Bhindi Manufacturers
Rajkot
19
4
Do - It Impex Pvt. Ltd.
Mumbai
70
5
Emerald Jewel Industry India Ltd
Coimbatore
6
Euro Cubic Creations Pvt. Ltd.
Mumbai
Cover Gate Fold
7
Mark Bangles
Mumbai
21
8
Mukti Gold & Diamond
Mumbai
6
9
Piercing Systems India Pvt Ltd.
Mumbai
59
10
Pure Platinum Jewellery Pvt. Ltd.
Mumbai
13
11
Raj Jewellers
Mumbai
55
12
Raniwala Jewellers
Jaipur
25
13
S. K Seth Jewellers
Mumbai
7
14
S. K. Jewellers
Mumbai
51
15
Shilpi Jewellers
Mumbai
17
16
Shringar House of Mangalsutra
Mumbai
3
17
Silver Emporium Pvt. Ltd.
Mumbai
49
18
Solanki Jewellers
Mumbai
11
19
Solitaire Gemological Laboratories
Mumbai
71
20
Soni Nanhahlal
Ahmedabad
23
21
Swarovski Gemstones Business
Mumbai
53 & 72
22
Tiara Fashion Jewellery
Mumbai
2 & 67
4&5
Disclaimer : The above list is not an indication of ranking or any other preference and not part of the agreement. JewelBuzz does not take responsibility of any errors unintentionally occurred.
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