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India-UAE FTA likely to help gem and jewellery industry increase exports to Gulf country

he India-UAE Free Trade Agreement (FTA), which is likely to be signed shortly, is expected to help the gem and jewellery industry to increase exports of plain gold and gold studded jewellery to UAE. The exports of these items have been badly hit during the pandemic. Among the top 10 gem and jewellery export destinations, UAE has witnessed the highest fall of 41.50% followed by Belgium 15.81%, Japan 12.20%, and Hong Kong 3.06% during April 2021 –January 2022 as compared to April 2019 – January 2020. For the FTA with UAE, the Gem & Jewellery Export Promotion Council (GJEPC) has recommended to the government to seek abolition of import duty of 5% in UAE on the exports of gold, silver, and platinum jewellery from India. Colin Shah, chairman, GJEPC, said, “UAE accounts for 80% of India’s plain gold jewellery exports and 20% of studded jewellery exports. The FTA between India and UAE has come at an opportune time when both countries are looking to rebound from the Covid-19 setback and recalibrate and realign their common business interests, including gold and diamonds. UAE is a gateway to the entire Middle East region and the proposed abolition of 5% import duty in UAE would lead to increased prosperity on both sides of the Arabian Sea. “The FTA will provide impetus and much needed push to exports of gem and jewellery products to the Emirates as G & J exports to UAE declined signicantly to US$1.18 billion in 2020-2021 due to the Covid-19 pandemic situation. With proposed nil duty, we are condent that exports of plain gold jewellery and gold studded jewellery from India to UAE would boost to US$ 10 billion (Rs 74,000 crore) in 2023,” said Shah. UAE is also India’s one of the major export destinations for studded gold jewellery. In the last few years, exports of studded gold jewellery declined from US$1.04 billion in FY2017 to US$400 million in 20202021. GJEPC is hopeful that studded gold jewellery exports from India to UAE could revert to its earlier average level of US$ 800 million if the duty is withdrawn. During the month of January, the overall gross exports of gems & jewellery stood at Rs 24426 crore showing a growth of 18.24%.

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JNI@Mar-Apr.’2022

CONTENT

What’s Inside

VOL: 21 / ISSUE: 4 | MAR-APR’2022

#24

Budget reforms optimise G&J Sector for peak performance

Cover Courtesy

#36

#49

Formation of New Executive of IBJA Mumbai Board

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#50

CROSSFOR patent owners of dancing stone

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#48

GJEPC & BDB felicitate Padma Shri Awardee Savjibhai Dholakia

A thumping success,

GJEPC signs 95-year lease agreement with MIDC for possession of land for India Jewellery Park #20

IIJS Signature 2022,

Indian Diamond Industry bids adieu to retiring Marketing Guru Stephen Lussier #20

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Harakh Mehta, Founder of Harakh India’s Jeweller to The Global Elite #90

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LEAD NEWS

Indian Diamond Industry bids adieu to retiring Marketing Guru Stephen Lussier at a Grand Function in Mumbai

JEPC along with De Beers celebrated the life and times of the legendary Stephen Lussier, De Beers Group Executive Vice President for Brands & Consumer Markets, who will step down on 1st April, 2022 after a 37-year long tenure. A grand send-off was held on 28th February at Sotel Hotel, Mumbai. Stephen’s nearly four-decade long stint to nurture and promote the cause of natural diamonds is something that cannot be replicated but only be used as an inspiration for his successor, Marc Jacheet, who has a rich and diverse experience in the eld of global luxury marketing, and most recently was President of Tiffany & Co. Europe, the Middle East, and Africa. In his keynote address, Colin Shah, Chairman, GJEPC, said, “The multi-billion-dollar Indian diamond industry owes a lot to Stephen Lussier. He has played a signicant role and is one of the chief architects of the India

diamond success story. It is our good fortune Stephen that you chose to dedicate your life to the cause of promoting diamonds.” Sachin Jain, Managing Director, De Beers India, noted, “Stephen Lussier is a rare gem and has shaped the entire marketing of miracles of nature. He is always bursting with ideas and is a huge inspiration for all of us.” Stephen was the star of the glittering event attended by the world’s leading diamantaires in Mumbai, where industry leaders heaped praise on him and recounted his many milestones and fun moments. Stephen’s quick wit, humility and immense love for India was evident during the rapid-re round with famous model and actor, Rochelle Rao. His impromptu jig on stage to a peppy Bollywood dance number reected his sporting spirit. Stephen said that three Ps were the reason why he spent his entire career at De Beers: Passion, Product and People. “These are the three reasons that

“The multi-billiondollar Indian diamond industry owes a lot to Stephen Lussier. He has played a significant role and is one of the chief architects of the India diamond success story. It is our good fortune Stephen that you chose to dedicate your life to the cause of promoting diamonds.”

have kept me engaged. We work in an industry where diamonds are part of the happiest moments of one’s life.”

JNI@Mar-Apr.’2022

LEAD NEWS

IIJS Signature 2022, A thumping success, generated an estimated Rs. 5000 crore of Business

Comprehensive Economic Partnership Agreement to benefit the G&J industry the most. CEPA to help achieve the set target of USD 52 billion G&J exports in FY 2022-23

he 14th edition of IIJS Signature 2022, organised by the Gem & Jewellery Export Promotion Council (GJEPC) at the Bombay Exhibition Centre, NESCO, Mumbai, concluded successfully on 21st February. The show witnessed nearly 950 exhibitors who occupied 1,470 booths spread across four exhibition halls. There were more than 17242 visitors, including 571 international visitors and delegations from USA, UAE,

Egypt, Nepal, Uzbekistan, and Bangladesh. IIJS Signature 2022 has generated an estimated business of Rs. 5000 Crore. The four-day show was inaugurated by Chief Guest Hon’ble Commerce and Industry Minister Shri Piyush Goyal, along with Shri Parshottam Rupala, Hon’ble Union Minister of Fisheries, Animal Husbandry & Dairying; Darshana Jardosh, Hon’ble Minister of State for Railways & Textiles; Gopal Shetty,

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LEAD NEWS

“We put up IIJS Signature 2022 in a record time of just three weeks. The unequivocal success of IIJS Signature 2022 is a testament to the fundamental strength of the Indian market and economy at large. And it proves that IIJS Premiere 2021 was not just an aberration. The rise in diamond prices by almost 50% since last September had the left the buyers sceptical about their buying decision. However, IIJS Signature turned out to be a testing ground for buyers, who wanted to compare rates between exhibitors on the show floor.

Member of Parliament; Vipul Bansal, Joint Secretary, Department of Commerce, Shri Colin Shah, Chairman, GJEPC; Shri Vipul Shah, Vice Chairman, GJEPC; Shri Shailesh Sangani, Convener, National Exhibitions, GJEPC; and Shri Sabyasachi Ray, ED, GJEPC in the presence of other dignitaries.

generated an estimated business of Rs. 5000 Crore.” “At the export front, with the Comprehensive Economic Partnership Agreement with UAE,

Support Scheme’. This enabled 94 MSME members to participate in IIJS Signature, while availing exhibition reimbursements of up to Rs.1.5 lakh each. I thank the

Colin Shah, Chairman, GJEPC said, “We put up IIJS Signature 2022 in a record time of just three weeks. The unequivocal success of IIJS Signature 2022 is a testament to the fundamental strength of the Indian market and economy at large. And it proves that IIJS we are condent to achieve the set target of USD 52 billion gem and jewellery exports for the nancial year 2022-23.”

Premiere 2021 was not just an aberration. The rise in diamond prices by almost 50% since last September had the left the buyers sceptical about their buying decision. However, IIJS Signature turned out to be a testing ground for buyers, who wanted to compare rates between exhibitors on the show oor. Since the price rise was uniform, it offered assurance to buyers and propelled them to book orders. Overall, the show

Commenting on the subsidy given to MSMEs to participate at IIJS Signature, Vipul Shah, Vice Chairman, GJEPC said, “The Council through its persistent efforts was able to enlist IIJS Signature 2022 trade fair under the Ministry of MSME’s ‘Procurement and Marketing

Ministry of MSME and MSME-DI Ofce in Mumbai for the support extended to our MSME exporters which will help them in tapping new prospective buyers thus developing their business and amplifying India’s exports.”

“We have been able to pull off yet another successful show by following all the covid-safety protocols. This would not have been possible without the support of participants who had implicit faith in us. I would like to thank our exhibitors and buyers from the bottom of my heart for supporting us all the way in putting up this show successfully.” JNI@Mar-Apr.’2022

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LEAD NEWS Shailesh Sangani, Convener, Exhibition (National), GJEPC “We have been able to pull off yet another successful show by following all the covid-safety protocols. This would not have been possible without the support

Exhibitor Testimonials:

Middle Eastern buyers.

Mitesh Gajera, Managing Director, Laxmi Dia Jewel Pvt. Ltd., noted, “We noticed a positive demand and buyers have responded well to the new diamond prices, especially those retailers who have been following the current price trends. Retailers who held back their buying in the hope that the diamond prices would stabilise, refrained from purchasing. Our bridal collections have been doing well and bigcarat diamonds, too, are in demand. IIJS Signature is the platform where the buyers came to terms with market prices.”

Anand Kulthia, Director, Kulthiaa Jewel, stated, “Despite the hike in diamond prices, our clients didn’t hesitate to book orders. They have been selecting pieces for the upcoming wedding season ahead. This show was long overdue.”

of participants who had implicit faith in us. I would like to thank our exhibitors and buyers from the bottom of my heart for supporting us all the way in putting up this show successfully.”

Show Trends: In the gold section, lightweight contemporary lines especially in the pret wear segment were popular. Many collections were conceived using laser and 3D technology to curb metal weight. Although demand for larger bridal gold lines is still strong, buyers wanted lighter pieces that are big in form and easier to wear. Modular sets, too, are being sought to optimise the wearability quotient of jewellery for various occasions other than just weddings. Fancy-shaped diamonds set in couture jewellery were being preferred. Large-carat diamonds in fancy colours such as yellow and pink were trending. In the bridal segment, jadau jewellery embellished with pastel colour gemstones such as morganites, rose quartz, Russian emeralds, opals, aquamarines, tourmalines, etc. were a common sight. The silver section featured an assortment of jewellery for pret and bridal wear and beautifully carved silver artefacts including idols, temples.

Siddhartha Sawansukha, Managing Director, Sawansukha Jewellers, commented, “We have had back-to-back packed days at Signature. It has been a super show for us as retail chain stores booked orders for diamond jewellery as they understand the market dynamics. Independent retailers, who are farsighted, also placed orders to meet the growing demand at the consumer end. India has a lot of potential to grow, especially from tier II and tier III regions.” Shekhar Reddy, CEO, Eon Jewellery, stated that the show was very encouraging and their inventory across all segments received good response from retail chain stores in India and the

Abhishek Sand, Partner, Savio Jewellery, said, “Buyers were excited to check out new lines. They also got a sense of price comparison of diamonds at the show. Retailers are now preferring coloured gemstones in their highend pieces. It is the dawn of the coloured gemstone era. We have been experimenting with gemstones such as rubellites, corals, Australian opals, morganite, tanzanite and more. Our research has found that we get more clicks on social media posts for colourful jewellery. So, we presented a range of rings saturated with colour at the show. The response was amazing!” Deepak Choksi, Director, CVM, Junagadh, noted, “Demand is increasing exponentially and to cater to orders, we are doubling staff strength from 700 to 1,400. We are blending handcrafted artistry with 3D tech. We need to change our manufacturing technologies frequently to match the demand.

We are also including more women from the local areas and training them to do bead work and wax setting procedures. Buyers are preferring a bigger look but with less metal weight.” Gold jewellery designer Anand Shah said, “I received bookings

JNI@Mar-Apr.’2022

LEAD NEWS from the start of the show. Buyers generally are sourcing lighter collections, but there have been multiple orders for my heavy oneoff pieces like the intricate Ganesha pendant necklace and a long oral necklace and more.”

Visitor Feedback: Hussain Al BenSaleh of Najmah Jewellery, Saudi Arabia, said, “We were surprised by the huge range of contemporary designs in diamond jewellery and gold in couture and pret variations. IIJS Signature has a relaxed vibe that’s unlike the bigger and more frenetic August show.” Alibaev Nizomali Xasanboyevich, the Association of Uzbekzargarsanoati, Uzbekistan,

noted: “The energy and vibe of the show was denitely positive. I was back in India after more than 2 years and I have seen an improvement in the quality and nish of the jewellery. But more than everything else, I was happy to connect with my friends and colleagues at IIJS Signature.” Joy Alukkas, CMD, Joyalukkas India Ltd., remarked: “I am bowled over by IIJS Signature 2022 on many fronts. The jewellery section was phenomenal! And the show organisers leave no room for doubt

that the IIJS brand and reputation make it one of the most coveted names in jewellery trade shows in not just Asia, but the world. Saurabh Gadgil, Chairman, PN Gadgil Pvt. Ltd. “I’m sure that the scores of merchandisin g teams that roamed the aisles of IIJS Signature made several unplanned purchases. Yes, the product offering was that good! The hard work and effort of the manufacturers and the Council was evident.”

Surat Diamond Bourse’s circular rocks Mumbai’s diamond industry

n a circular issued to its members, SDB committee stated that the members completely winding up their polished diamond trading from Mumbai will feature in the ‘leading members’ list on the huge display at the reception area of the SDB. Moreover, the members starting the polished diamond trading from SDB in the rst phase will be provided with a 100% exemption from the payment of monthly maintenance for six months. Vallabh Lakhani, Chairman, Surat Diamond Bourse, said, ‘We have come up with this scheme to boost Surat Diamond Bourse business. Most of the diamond companies are ready to close down in Mumbai and run it entirely from Surat because of this scheme.’ Industry leaders, especially in Mumbai, feel that the circular issued by SDB committee is not in the ‘good spirit’ and is highly objectionable. If Surat is the diamond manufacturing hub, it is Mumbai that has given the true identity to the diamond industry

in the world by being the diamond trading center. The circular by SDB committee must be treated as forcible on the members. With the view to expediting the commencement of diamond trading at SDB, the committee members are hellbent on encouraging their members to wind up the trading

ofces in Mumbai and start their business at the SDB latest by December 31, 2022. Sources said the allotment of ofces at the SDB is going in full swing. Many diamantaires have started the interior designing of their ofces to start the trading business. The SDB Committee is awaiting

conrmation from the Prime Minister’s Ofce (PMO) over PM Narendra Modi’s visit to Surat for the inauguration of the world-class diamond bourse at Khajod, Surat. A diamantaire requesting anonymity told, “SDB is three times bigger than its counterpart BDB in Mumbai. With about 4,200 ofces, SDB will be the world’s largest diamond bourse. The circular issued by the SDB committee will entice many traders to vacate their ofces at BDB and start their business from SDB before December-31. BDB in Mumbai will be deserted before December31. Since all the big, small, and medium diamond ofces will be at SDB, the merchants from Mumbai will shift to Surat for doing business” The Surat Diamond Bourse would be India’s second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with availability of 66 lakh sq ft. built-up area encompassing 4,000 ofces for national & international Diamond traders.

JNI@Mar-Apr.’2022

PRIME NEWS

GJEPC signs 95-year lease agreement with MIDC for possession of land for

India Jewellery Park India Jewellery Park Mumbai will contribute to economic development of Maharashtra and India by attracting investments of over Rs. 20,000 crore and create employment opportunities for over 1 lakh workers.

Mumbai

em & Jewellery Export Promotion Council (GJEPC) and Maharashtra Industrial Development Corporation (MIDC) signed a draft agreement for granting possession of land for a period of 95 years for setting up India Jewellery Park Mumbai (IJPM). The agreement was signed in the presence of Dr. P. Anbalagan, IAS – CEO, MIDC; Shri Colin Shah, Chairman, GJEPC; Shri P. D. Malikner, JT. CEO – MIDC; Shri Satish Bagal, Regional Ofcer, MIDC Mahape; Shri Ashok Gajera, Regional Chairman, Mumbai, GJEPC, Shri Sabyasachi Ray, ED, GJEPC along with other dignitaries. India Jewellery Park Mumbai is the rst-of-its-kind integrated gem and jewellery industrial park with manufacturing units, commercial areas, residences for industrial workers, and commercial support services. It will provide effective support to Jewellery manufacturers/traders who are interested in expanding in the state of Maharashtra to initiate new business or strengthen their existing ventures. GJEPC has formed IJPM as a Special Purpose Vehicle (SPV) and its wholly-owned subsidiary Section 8 company known as IJPM in 2018, limited by guarantee as a SPV. IJPM is the primary stakeholder and implementing agency of the project and will work closely with other stakeholders like MIDC, Government of

“We are extremely glad that the India Jewellery Park, the firstof-its-kind jewellery manufacturing set-up is based in Maharashtra. We would be happy to work along with GJEPC, offering them all the support in early completion of this project. We will make sure that India Jewellery Park would get all the incentives that are offered to other such Ultra Mega Projects, such as increased FSI, power tariff subsidy, stamp duty exemption, low-cost housing, etc. I wish GJEPC every success in this endeavour.” Maharashtra, Ministry of Commerce and Industry, Central Government, DGFT, Board Members, Trade and Industry associations, for implementing and operating the project. Dr. P. Anbalagan, IAS – CEO, MIDC said, “We are extremely glad that the India Jewellery Park, the rst-of-its-kind jewellery manufacturing set-up is based in Maharashtra. We would be happy to work along with GJEPC, offering them all the support in early completion of this project. We

will make sure that India Jewellery Park would get all the incentives that are offered to other such Ultra Mega Projects, such as increased FSI, power tariff subsidy, stamp duty exemption, low-cost housing, etc. I wish GJEPC every success in this endeavour.” Colin Shah, Chairman, GJEPC said, ”The India Jewellery Park Mumbai, another ambitious project of GJEPC, will get rolling with this land draft agreement with MIDC. I would like to thank MIDC for all

JNI@Mar-Apr.’2022

PRIME NEWS the assistance so far and request their continued support and guidance in successfully competing this project. The India Jewellery Park in Mumbai will augment the jewellery manufacturing ecosystem in the State, complemented by ease of doing business, thereby evolving it into a preferred destination for global manufacturers and investors. It will contribute to economic development of Maharashtra and India by attracting investments of over Rs. 20,000 crore and create employment opportunities for over 1 lakh workers.” Commenting on the facilities that will be offered at IJPM, Vipul Shah, Vice Chairman, GJEPC, said, “Gold loss has been a great concern for our manufacturers and artisans and the India Jewellery Park with state-of-the-art machinery and infrastructure would help to reduce the gold loss ratio from 10% to 3%. The gold dust can be recovered easily by suction and drainage systems. We can aim to become zero-loss manufacturers, which can save up to 40 tonnes of gold annually.” Kirit Bhansali, Chairman, India Jewellery Park Mumbai said, “The India Jewellery Park in Mumbai is benchmarked against similar projects in countries like China, Turkey, Italy, Thailand, etc. It will provide effective support to jewellery manufacturers/traders who are interested in expanding in the state of Maharashtra to initiate new business or strengthen their existing ventures. The emphasis will be on 17 sustainable development goals of the United Nations that include health, safety and de-congested working conditions, better food, hygiene and habitation facilities which can be accessed by the MSMEs.” The Jewellery Park is envisaged to house more than 1,000 Gems and Jewellery units on 21.3-acre plot of land (Permitted FSI5) in Mahape, Navi Mumbai. It will be an iconic project with state-of-the-art architecture and facilities. It is supported by the government for developing low-cost residential

facilities for workers in the vicinity. It will also have training and upskilling facilities for workers. Jewellery Park Mumbai will transform the Indian jewellery

sector. A comfortable working environment will increase the productivity of the people working at the jewellery trade, thus, making the sector more competitive in the world market.

INDIA JEWELLERY PARK MUMBAI – PROJECT HIGHLIGHTS Ÿ Iconic, State-of-the-Art Architecture and facilities Ÿ Excellent Government Support and a Single-Window Clearance for government approvals Ÿ Support for development of low-cost residential facilities for workers in the vicinity Ÿ Training and upskilling facilities for Manufacturers Ÿ Competitive Pricing Ÿ Large & Medium Manufacturing Units - Units from 2,672 sq ft to 5,273 sq ft carpet area with a total of 23 lakh+ sq ft area available Ÿ Small Karkhanas - Units from 413 sq ft to 621 sq ft carpet area with a total of 3 lakh+ sq ft area available Ÿ Commercial Space - Premium ofce space from 2,459 sq ft to 3,025 sq ft carpet area with a total of 6.81 lakh+ sq ft area available

GJEPC promotes benets of India Jewellery Park & Parichay Card to Mumbai-based Artisans

JEPC organised promotional booths for two of its initiatives, the India Jewellery Park Mumbai (IJPM) and Parichay Card, during the 21st Mega Blood Donation Camp organised by the artisan welfare association, Bengali Swarna Shilpi Kalyan Sangha (BSSKS), at CP Tank, Mumbai, on 26th January 2022. The event was attended by Mansukh

Kothari, Convener - Events, GJEPC, and Sabyasachi Ray, Executive Director, GJEPC and the Council’s MSME department team to brief artisans about the benets of the IJPM and Parichay Card. The event saw more than 400 karigars express an interest in signing up for the Parichay Card to avail the health insurance benets provided by GJEPC.

JNI@Mar-Apr.’2022

PRIME NEWS

Budget reforms optimise G&J Sector for peak performance

JEPC congratulates the Govt. of India and the honourable Finance Minister Smt. Nirmala Sitharaman for presenting a strong pro-reform and export growth-oriented Union Budget under the visionary leadership of our honourable Prime Minister Shri Narendra Modi. The gem and jewellery sector in India is overwhelmed by the Government support extended to the gem and jewellery industry in the Union Budget 2022-23. There is a swathe of favourable policy reforms announced that empowers the industry and puts it on a rm footing to capitalise on growth opportunities in the coming decade. The Indian gem & jewellery sector is one of the leading contributors to the national economy and the country is the undisputed leader in diamond processing. GJEPC hopes to replicate this success in the jewellery vertical, too, and help India become the ‘Jeweller to the World’.

diamonds, gemstones and sawn diamonds. In her Union Budget speech, Smt. Sitharaman announced that the Customs duty on Cut and Polished Diamonds and Coloured Gemstones had been reduced from 7.5% to 5%, while that of Simply Sawn diamonds was brought down to nil duty.

GJEPC is grateful that the Government considered its recommendation to reduce the Customs duty on cut and polished

Colin Shah, Chairman, GJEPC said, “The Indian gem & jewellery sector is one of the leading contributors to the national

“The Indian gem & jewellery sector is one of the leading contributors to the national economy and the country is the undisputed leader in diamond processing. Reduction in import duty on cut & polished diamonds to 5% will further help in strengthening the sector and retain its leadership position.”

economy and the country is the undisputed leader in diamond processing. Reduction in import duty on cut & polished diamonds to 5% will further help in strengthening the sector and retain its leadership position.” “Since more than 90% of the gem & jewellery sector consists of MSMEs, the extension of the Emergency Credit Line Guarantee Scheme” (ECLGS) for MSMEs up to March 2023 will be a great relief to the sector, and we are happy that its outlay has been increased by ¹ 50,000 Crore to a total cover of ¹ 5 lakh crore, Colin Shah noted. “Acceptance of personal surety bonds in place of bank guarantee for import of gold will meet our longstanding demand of simplifying duty free gold availability, especially to the SME

JNI@Mar-Apr.’2022

PRIME NEWS

“The Union Finance Minister Smt. Nirmala Sitharaman has announced some much-needed reforms that would springboard the sector to multi-fold growth in the coming year, thus eclipsing its relatively modest performance over the last decade. The emphasis on infrastructure spending is good news for the India Jewellery Park Mumbai (IJPM) which will be greatly benefitted due to the same. We also expect these reforms to raise the level of trust and transparency in the Indian gem and jewellery sector to a whole new level.” exporters of gold jewellery and revive the exports of plain gold jewellery. Surety Bonds in place of Bank Guarantee will be made acceptable to reduce indirect costs for suppliers. This will help gold jewellery exports,” said Colin Shah. The Special Economic Zone (SEZ) Act will be replaced with a new legislation that will enable the states to become partners in development of enterprise and service hubs. This will cover all large existing and new industrial enclaves to optimally utilise available infrastructure and enhance competitiveness of exports. Increase in Capital expenditure by 4.1% is good for the impetus of the economy. A composite basic Customs duty rate of 20% or Rs. 400/kg, whichever is higher is being applied on Imitation Jewellery. Vipul Shah, Vice Chairman, GJEPC commented, “The Union Finance Minister Smt. Nirmala Sitharaman has announced some much-needed reforms that would springboard the sector to multi-fold growth in the coming year, thus eclipsing its relatively modest performance over the last decade. The emphasis on infrastructure spending is good news for the India Jewellery Park Mumbai (IJPM) which will be greatly benetted due to the same. We also expect these reforms to raise the level of trust and transparency in the Indian gem and jewellery sector to a whole new level.” Colin Shah further added, “The Government has been quick to realise the potential of e-commerce

JNI@Mar-Apr.’2022

and has proposed to implement a simplied regulatory framework by June 2022 to facilitate gem & jewellery exports through the ecommerce route, ensuring that jewellers from every district in the country are able to ship their products overseas in a fast and economical manner. This is the need of the hour as the e-commerce sales of jewellery are growing exponentially in US and the consuming markets. The broad basing of the exports through this measure have the potential to grow the exports from this sector to USD 100 billion dollars in the next 5 years.”

“The announcement of the honourable Finance Minister in bringing a new SEZ regime by changing the SEZ Act is another big relief for our sector as the exports from SEZ are growing at a rapid pace and have the potential of getting FDI in manufacturing and exports of jewellery from SEZ and take the country’s exports to one trillion dollars within the next three years,” he added. GJEPC worked towards strengthening the gold jewellery industry through 2021. The Council supported mandatory hallmarking and mediated with the Govt. on behalf of the industry for progressive solutions. It supported the World Gold Council’s “You Are Gold” campaign to make gold jewellery attractive to the Millennial and GenZ. GJEPC also spearheaded discussions on operationalising the India International Bullion Exchange (IIBX) along with stakeholders from across the gold ecosystem.

Industry talks about Union Budget 2022-23 The budget is positive and growth-oriented. The government has focussed on infrastructure expenditure which will revive the Capital Expenditure. Given the current scenario, it will help revive the economy and generate employment. The reduction in Diamond is a welcome move. Apart from that there are no changes in individual taxation or any major announcement for the gems & jewellery industry. Aditya Pethe, Director, WHP Jewellers

Ishu Datwani, Founder, Anmol Jewellers

The one good aspect of this budget is the reduction of import duty on cut & polished diamonds and gemstones from 7.5% to 5%. Other demands of the jewellery sector have not been met. The budget seems growthoriented and may give an impetus to the economy helping growth in GDP.

PRIME NEWS

Vaibhav Saraf, Director, Aisshpra Gems & Jewels

Mr. Sachin Jain, MD, De Beers India

Mr Bhavik Chinai, Group CEO, BVC Logistics

The budget is focussed on infrastructure development. Increased capital expenditure and help to states for development will lead to higher fund infusion in the economy giving spurt to retail spending.A reduction in import duty on cut and polished diamonds to 5% will help in curtailing the high diamond prices to a certain extent.

“We are pleased with the budget announcement for our sector, particularly the reduction of customs duty on cut and polished diamonds from 7.5% to 5%. This will spur greater demand for natural and real diamonds and also give an opportunity to diamond companies to boost operations and, in turn, contribute to greater economic growth for the nation. The proposal to create a simplied regulatory framework to enable the use of ecommerce channels to export jewellery will help us seamlessly take forward our initiative to promote trade through the digital mode. This will bring down transaction costs and save time while enabling us to reach out and expand our customer base globally,” said Sachin Jain, Managing Director, De Beers India.

The government’s deep focus on techdriven change is admirable.

Suvankar Sen, CEO, Senco Gold & Diamonds FM’s announcement of reduction in customs duty on cut and polished diamonds and gemstones and plan to develop a simplied regulatory framework to facilitate export of jewellery through e-commerce are positive steps which will enable the sector to grow in the country and boost exports. We look forward to its implementation later this year. The reduction in import duty on diamonds will help generate increased demand for diamond jewellery in the market. Overall the focus on investment in infrastructure is positive for the economy, also the review of Special Economic zones Act will help boost the export infrastructure.

Gati Shakti network impetus with about 100 cargo terminals & 4 new National Logistics Parks will help boost Industrial growth and Atmanirbhar Bharat. The batteryswapping policy with interoperability is a welcome introduction toward sustainability. Expansion of SEZ’s advantages to existing infra through new legislation is promising for the G&J sector. Alongside, the Customs National Portal with a promise to facilitate customs clearance digitally will reduce the transaction costs in jewellery exports by over 20%. The reduction in polished diamond import duty is deeply appreciated. Overall, the budget 2022 is very positive and we look forward to quick execution of the digital initiatives.

The budget has put a lot of emphasis on increasing exports across sectors & the same goes for Gem & Jewellery India is a dominant player in the gems and jewellery sector in the world, and through the stimulus offered in this Budget, we are bound to increase our share. Simplied regulation for ecommerce exports in the G&J sector is a welcome move too. Overall, this Budget is growth oriented and will lead to growth in our GDP.

Dr. Saurabh Gadgil Chairman & MD PNG Jewellers The Budget set a roadmap for a sustainable economic recovery banking on infrastructure development and agricultural reform. It has also proposed measures for comprehensive economic development across the region. All these measures will denitely boost consumer sentiment & will have a favourable impact on the organised jewellery retail. Overall, it’s a budget which is rmly in the line of inclusive development.

Ahammed MP Malabar Gold & Diamonds

JNI@Mar-Apr.’2022

INDUSTRY AROUND

GJEPC’s foreign trade Policy recommendations to make India GJ repairing hub of the World

JEPC, the apex body of the gem & jewellery trade in India, owes a debt of gratitude to the Ministry of Commerce & Industry, whose constant, collaborative efforts have removed bottlenecks and paved a path for the rapid growth of the industry over the years. The Union Budget 2022-23 reects this strong synergy.

should be inaugurated by 1st May 2023 without any compromise on quality. During an earlier visit to SEEPZ in September 2021, he sanctioned ¹ 200 crore for the complete revamp of the aging SEZ’s infrastructure. “I rmly believe that the policy

The Council is keenly awaiting the nalisation of the extension of interest subvention scheme for the export sector which the Commerce Ministry is currently working on with the Finance Ministry. The scheme provides for an interest relief of two per cent per annum to eligible MSMEs on their

The Indian gem and jewellery sector has been contributing in a big way to the country’s economy with 4.3 million people employed in the sector, and annual exports of around USD 40 billion. The government has viewed this sector as a thrust area for export promotion. Colin Shah, Chairman, GJEPC said, “There has been an ongoing, relentless and extensive support from the Ministry of Commerce & Industry to transform this industry and make it a global leader in all its verticals. India’s Commerce & Industry Minister Shri Piyush Goyal, with his deep understanding of the challenges and pressing issues of the export sector, has been lending an empathetic ear to manufacturers in pursuit of their mission to grow the sectoral exports. The raft of favourable policy reforms announced in the recent Budget due to such strong support from Commerce Ministry further empowers the industry and puts it on a rm footing to capitalise on growth opportunities in the coming decade.” “The pace of change has kicked into high gear since Shri Goyal’s proactive regular interactions with the trade. He sets deadlines for the speedy implementation of various projects and diligently follows up for updates, which keeps everyone on their toes.” For instance, in mid-December 2021, at the foundation stone-laying ceremony for the ¹ 70 crore Mega Common Facility Centre at SEEPZ SEZ, Shri Goyal stated that it

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reforms announced in the Budget 2022, is the result of the continued support and hard work by the Ministry of Commerce that has paved way for the favourable policy interventions. We keenly look forward to a favourable Foreign Trade Policy that will further help in strengthening the sector and attain USD 50 billion gem and jewellery exports by 2025”, Colin Shah further added. “The Government is closely watching the performance of each industry and making sure that the manufacturing industry is not affected by the pandemic. We are happy that the Government has extended the Emergency Credit Line Guarantee Scheme” (ECLGS) for MSMEs up to March 2023, which is a great relief to the sector, and the outlay has been increased by ¹ 50,000 Crore to a total cover of ¹ 5 lakh crore.”

outstanding fresh/incremental term loan/working capital during the period of its validity. The coverage of the Scheme is limited to all term loans / working capital to the extent of ¹ 100 lakh. The loan accounts on the date of ling claim should not have been declared as NPA as per the extant guidelines in force. Government of India had approved the extension of Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, with the same scope and coverage, for a further period of three months, i.e., up to 30th September, 2021. The extension takes effect from 01st July, 2021 and ends on 30th September, 2021 covering a period of three months. After that the scheme has not been extended. There has been a request from MSMEs for extension of the scheme, as this would help in a big way.

INDUSTRY AROUND

Americans to spend record $6.2 Billion on Jewellery this Valentine’s Day: NRF

alentine’s Day spending is expected to reach $23.9 billion this year, up from $21.8 billion in 2021 and the second-highest year on record, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. “Following the historic level of consumer spending over the winter holidays, it appears that the trend will continue into 2022,” NRF President and CEO Matthew Shay said. “Valentine’s Day is a special occasion for many Americans, even more so as we navigate out of the pandemic, and retailers are prepared to help them mark the holiday in a memorable and meaningful way.” More than half (53%) of US consumers plan to celebrate the holiday in 2022, up from 52% in 2021. More than three-quarters (76%) of those celebrating indicate it is important to do so given the current state of the pandemic. According to the survey, almost a quarter (22%) will opt to gift jewellery to a special someone.

“While traditional Valentine’s Day gifts like candy and owers seem to never go out of style, gift givers and recipients alike are more comfortable heading out for a special meal or participating in a new experience than they were a year ago,” Prosper Insights Executive Vice President of Strategy Phil Rist said. “This is especially true among younger age groups.”

Total spending on jewellery is estimated at $6.2 billion, up from $4.1 billion in 2021 and the highest in the survey’s history. Shoppers expect to spend an average of $175.41 per person on Valentine’s Day gifts, up from $164.76 in 2021. The increase comes as many intend to spend more on signicant others or spouses. Candy (56%), greeting cards (40%) and owers (37%) remain the most popular gift items this Valentine’s Day.

Online continues to be the most popular shopping destination for Valentine’s Day this year, visited by 41%, followed by department stores at 32%, discount stores at 28%, local small businesses at 18% and orists at 17%. The survey of 7,728 US adult consumers was conducted from 3rd to 11th January and has a margin of error of plus or minus 1.1% points. Almost a quarter (22%) will opt to gift jewellery to a special someone. Photo courtesy Esther Tuttle / Unsplash

Diamonds headline Christie’s online winter Jewellery Auction

hristie’s is holding its rst jewellery auction of 2022 as an online sale, from 24th January to 9th February. Jewels Online features a curated assemblage of ne jewellery ranging from antique through contemporary jewels to white diamonds and coloured stones, as well as jewelled objects and clocks. The sale showcases over 250 lots including designs by renowned jewellery houses including Angela Cummings, Buccellati, Bulgari, Cartier, Graff, Harry Winston, JAR, Marina B,

Oscar Heyman & Brothers, Raymond Yard, René Boivin, Jean Schlumberger, Tiffany & Co., Van Cleef & Arpels and Verdura. Leading the sale is a diamond ring of 11.46 carats, offered without reserve ($200,000-300,000). Other notable diamonds included in this sale are a diamond ring of 5.05 carats ($100,000-150,000), also offered without reserve, and a pair of diamond earrings of 5.02 and 5.02 carats ($170,000250,000).

JNI@Mar-Apr.’2022

INDUSTRY AROUND

DMCC welcomes global diamond industry for Dubai Diamond Conference

MCC announced the full list of industry-leading speakers set to take centre stage at its agship diamond event, the Dubai Diamond Conference (DDC). The DDC will be held physically, welcoming the global diamond industry to Atlantis, The Palm on 21st February 2022. Now in its fth edition, the DDC will be held under the theme of ‘The Future of Diamonds’, with industry titans Bruce Cleaver, CEO of De Beers, and Sergey Ivanov, CEO of Alrosa set to address the audience in Dubai. As outlined in the newly announced agenda, this year’s event will focus on the current opportunities and challenges within the sector, and how global diamond businesses can help shape the future of the industry’s growth. As well as a physical event in Dubai, the event will be livestreamed to an international audience. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Ofcer, DMCC, said: “Dubai is the fastest growing diamond hub in the world. From a position of virtually no diamond trade in 2000, Dubai has become a major trading centre and leader in the industry.” He added: “I am personally looking forward to engaging with our friends from major diamond centres around the world in Dubai, collaborating to ensure the future of the industry. This is going to be one of the industry’s most exciting and impactful events in recent years, and you can feel the excitement from the market.” Throughout the week of DDC, a series of high-level meetings and industry events will be taking place in Dubai as part of Dubai Diamond Week, beginning with a board meeting of the World Diamond Council on 20th February 2022. The DDC Gala dinner and Jewellery World Awards, hosted jointly with Informa Markets, will recognise signicant contributions to the development of the global diamond and jewellery industry on 21st February 2022.

JNI@Mar-Apr.’2022

Sotheby’s displays 555.55-Carat Black Diamond at DDE

MCC hosted an exclusive viewing of an extremely rare black diamond named The Enigma at the Dubai Diamond Exchange (DDE). The 555.55-carat and 55-facet stone, which is being seen by the public for the rst time in Dubai, was also viewed by leading diamond trading companies from Dubai and around the world at the exclusive viewing organised by Sotheby’s at the DDE. The world’s largest faceted diamond of any kind to appear at auction will travel from Dubai to Los Angeles and London for exhibition, before being set for a single-lot online auction in February. The Enigma is thought to be the largest faceted natural colour black diamond in the world, reported by Gubelin and the Gemological Institute of America as of 2004. It was also listed as the largest cut diamond of any kind in the world in

the 2006 Guinness Book of World Records. The design of the stone is inspired by the Middle Eastern palm-shaped symbol, the Hamsa, which is associated with the number ve and is a sign of protection, power and strength. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Ofcer, DMCC, and Chairman, Dubai Diamond Exchange, said: “After such a successful 2021, which saw the DDE host 68 tenders of diamonds and precious stones, we are delighted with how this year has started and are looking forward to welcoming the global diamond community to the Dubai Diamond Conference next month. Dubai has become synonymous with the trade of this precious stone, and I am condent that we are building an ecosystem that will grow into the leading diamond trading hub in the world.”

INDUSTRY AROUND

Boucheron pays homage to the

Maharajah of Patiala with a stunning new high-jewellery collection

n the fabulous world of high jewellery, stories of record-setting gemstones, extravagant suites of jewellery, and large entourages are practically commonplace. However, some stories are so fantastic and over-the-top that they become the stuff of legends. In the 1920s, the Maharajah of Patiala, Sir Bhupinder Singh, travelled to Paris from India with a retinue of security guards and staff, took over 35 suites at the Ritz Paris, and placed not one of the most impressive jewellery orders of all time. On August 2, 1928, the Maharajah of Patiala walked across Place Vendôme from the Ritz Paris to the historic Boucheron maison. His guards carried iron safes full of precious gemstones, including rubies, emeralds, pearls,

and, of course, diamonds. After examining the stones, Boucheron selected 7,571 diamonds, 1,432 emeralds, and other gemstones to use in a spectacular collection of 149 pieces of one-of-a-kind jewellery. Boucheron blended Indian and Art Deco jewellery styles in these magnicent pieces. In a Zoom interview from Paris, Boucheron’s Creative Director Claire Choisne describes it as a “more organic” type of Art Deco. The pieces aren’t as linear but have a softness to them, and they retained the hallmarks of Indian jewellery. Over the years, these memories faded and became lost in the archives. As a jewellery expert, I am fascinated by stories like the Maharajah’s. When I rst came across his name on the Boucheron website several years ago while conducting

research for an article, I could not believe how incredible the story was - and that no one seemed to know about it. I became instantly obsessed with it, to the point of tracking down one of his granddaughters to interview her about his jewellery collection and fabulous life. His quest for the absolute pinnacle of luxury and his willingness to cross long distances and embrace new ideas and techniques was enthralling and ahead of his time. In recent years, there has been a resurgence of interest around the Maharajah, with several exhibitions of Indian jewellery at prestigious museums in the US and the Maharajas & Mughal Magnicence auction at Christie’s in 2019, all of which included pieces from his immense collection. And now, Boucheron unveils a new high-jewellery collection inspired by the Maharajah’s legendary order, Histoire de Style: New Maharajahs. The collection was

JNI@Mar-Apr.’2022

INDUSTRY AROUND featuring spectacular emeralds. She says the mostly monochrome palette gives a sense of purity to the collection. In total, the New Maharajah collection includes ve sets of jewellery, with 14 pieces in total.

designed by Choisne, who is renowned for her artistic and modern interpretations of Boucheron’s archives, as well as her penchant for unusual materials and designs.

The New Maharajah Necklace features nine cushion-cut Colombian emeralds weighing nearly 40 carats in a transformable necklace. In the original order, emeralds were set at the end of every piece of the necklace. To lighten the necklace’s appearance, Choisne chose to use rock crystal instead, a signature of the maison. The necklace is also transformable:

When asked what the special order from the Maharajah meant to Boucheron, she laughs and says it is a fairytale come true, almost unbelievable. “The fact that the Maharajah opened the door of Boucheron with guards with cases of stones… It was one time. We never saw this again anywhere on Place Vendôme. It’s really a one-of-

Choisne told me that before joining Boucheron she had heard whispers of the Maharajah’s legendary order, but not the details. “When I joined Boucheron 10 years ago, I think it was the rst story that everybody told me. Obviously, it was the biggest one,” she said. “It’s a fairytale, and it’s totally amazing. Of course, when I looked at the archives to have a global vision of the Boucheron style, I couldn’t miss the Maharajah designs. They were totally impressive… I was totally fascinated by the story and by the pieces.” She knew she wanted to bring a contemporary take to the fabulous order, and the Histoire de Style high-jewellery collection would be the perfect place to do it. In order to update the style of the pieces to suit a modern client, she had to reduce the scale of the pieces, which was quite substantial. Not only were they royal jewels meant to impress and to show the crown’s power and wealth, but they were designed for a man - a 6’7" man, to be exact. Although she loved the collection and personally adores strong statement pieces, they were too much for her. So, she scaled down the size of the pieces and used a mostly clear and white colour palette of diamonds and rock crystal, with just a single piece

JNI@Mar-Apr.’2022

consists of three necklaces rendered in monochrome shades of white using only white gold, diamond, rock crystal, and pearl. The centrepiece of the parure is the Majestic Lotus necklace, which showcases Boucheron’s exceptional craftsmanship. Diamond lotus petals appear to oat around the necklace, seemingly unconnected to each other. In the middle of the central lotus ower, there’s a 4.08carat cushion-cut diamond. In addition to the diamonds, this necklace features carved rock crystal drops, a nod to India’s expertise in gem carving, called glyptique. “It’s traditional, of course, it’s not something we invented. I think our craftsmen pushed the excellence of the work,” she said.

the central motif can be removed and worn as a brooch. It was important to her that the necklace not just have the capability to be worn multiple ways, but that it was easy to do at home and didn’t require tools or a trip to the boutique. In the New Maharajah earrings, Choisne shrinks the famous necklace into earrings. These hoops have the same shape as the necklace, just on a miniature scale. They are shaped like a shining sun, with diamonds and drops of emeralds on the tip of each ray, just as in the original piece. Indian jewellery is famous for its substantial necklaces and layering, which Boucheron pays homage to in the New Maharani Set. It

a-kind story. It’s a fairytale but in a strong way,” she said. “I would love if a Maharajah or someone comes from the Ritz, pushes the door of Boucheron, and asks me to do something like that. It would be magical, but I don’t think it will happen again.”

INSTITUTIONS

GIA examines world-record 16.41-ct CVD Lab-Grown Diamond

cientists at the Gemological Institute of America (GIA) recently examined the largest known laboratory-grown diamond produced by the chemical vapor deposition (CVD) method. The examination determined that the 16.41-carat princess cut diamond from the Shanghai Zhengshi Technology Co. Ltd. had the observable characteristics of a diamond produced by the CVD method. Detailed spectroscopic readings conrmed there was no post-growth treatment to improve the colour of the G colour, VVS2 clarity man-made diamond. “The rst CVD diamond I examined in 2003 was a 0.23-ct pear shape, with clear brown colour,” said Dr. Wuyi Wang, GIA Vice President of Research and Development, who examined the new record-sized CVD diamond. “This 16.41-ct laboratory-

grown diamond demonstrates the advances in CVD growth technology. This achievement has important implications for the many scientic and industrial applications for high-quality laboratorygrown diamonds.” “GIA has examined thousands of laboratorygrown diamonds since the rst gemmological description of them by Robert Crowningshield in 1971,” said Tom Moses, GIA executive vice president and chief laboratory and research ofcer. “In the decades since, we have shared the results of our detailed research; this is an important aspect of our consumer protection mission.” After examination by GIA scientists, GIA experts graded the diamond using the Institute’s standard

rigorous process for laboratory-grown diamonds, issuing GIA LaboratoryGrown Diamond Report number 2225246686. A brief report authored by Wang and GIA research associates Stephanie Persaud and Elina Myagkaya is available on the Institute’s website, GIA.edu. It will be published in a subsequent edition of GIA’s quarterly journal, Gems & Gemology.

IGI appoints John Pollard as Head of Education

he International Gemological Institute (IGI) has named John Pollard Senior Director of Education. In this newly created role, Pollard will oversee and expand the institute’s educational offerings and diploma programmes, currently taught at 14 schools of gemmology around the world, including a wide array of gemstone grading and jewellery design courses, interactive e-learning and instructional seminars and webinars. “I am pleased that John is taking on this important role,” said Roland Lorie, IGI CEO. “At IGI we have always felt a responsibility to provide proper gemmological education to all who choose to enter this eld. Only then can we have a strong industry, trusted by consumers. For over 40 years we have educated tens of thousands of people and we intend to continue

reaching more people in more places, increasing knowledge and condence among professionals and consumers alike.” Pollard has been collaborating on projects with IGI for more than a decade. In 2020 he began designing curriculum and training for an increasing number of the institute’s clients, including leading luxury brands. He has been a regular consultant for diamond producers, sellers, and grading laboratories, domestic and overseas, and has instructed educational seminars at JCK Las Vegas, the American Gem Society Conclave, the Gemological Institute of America Alumni Association, and IGI trade conferences in Beijing and

Shanghai, China. Since 2005 he has been educating industry professionals and consumers alike, holding management roles with companies in both traditional and e-commerce sectors, and recently serving as Director of Education for PriceScope.com. A former Texas public school educator, Pollard holds degrees in education, gemmology and music.

JNI@Mar-Apr.’2022

INSTITUTIONS

WGC: India sees best ever Q4 Gold Demand driven by Weddings & Festivals

ndia’s gold demand surpassed the most optimistic expectations for the Q4 fuelled by weddings and festivals and saw double the fullyear 2021 demand compared with 2020, according to World Gold Council’s (WGC’s) latest Gold Demand Trends report. India’s full-year 2021 demand grew 79% to 797.3 tonnes compared to 446.4 tonnes in 2020. In value terms, the country’s gold demand soared 81% to $25.4 billion, WGC noted. Somasundaram PR, Regional CEO, India, World Gold Council said: “2021 revalidated the strength of conventional wisdom about gold and holds several lessons in revival that will shape policy thinking for years to come. India’s gold demand recovered by 79% to 797.3 tonnes in 2021 chiey a result of an exceptional Q4 demand of 343 tonnes that surpassed even our most optimistic expectation articulated in Q3 and turned out to be the best quarter in our recorded data series.” Total gold jewellery demand in India in 2021 was up by 93% at 610.9 tonnes as compared to 315.9 tonnes in 2020. The value of India’s gold jewellery demand in 2021 was $35.3 billion, up by 96% from $18 billion in 2020. Somasundaram added, “Gold jewellery demand doubled y-o-y in 2021, surging past pre-pandemic levels to reach a six year high of 610.9 tonnes. Record Q4 demand of 265 tonnes fuelled by weddings and festival season underpin the resilience of gold demand following its deep-rooted socio-economic footprint in household nance. With the easing of lockdown restrictions in H2 and a successful progress of the vaccination program, economic growth altered consumer sentiment signicantly, triggering spending and investments across the board during Dussehra and Dhanteras. This marked a remarkable recovery

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with many retailers reporting record sales volumes above even those of pre-pandemic levels and imports and exports rising in tandem. With more weddings yet muted celebrations, higher savings and pent-up demand boosted jewellery market.” WGC said total Indian investment demand for 2021 was up by 43% at 186.5 tonnes in comparison to 130.4 tonnes in 2020. In value terms, gold investment demand was Rs.79,720 crore, up by 45% from 2020. Total gold recycled in India in 2021 dropped 21% to 75.2 tonnes as compared to 95.5 tonnes in 2020. Total gold imported in India in 2021 was 924.6 tonnes as compared to 349.5 tonnes in 2020, an increase of 165%. Somasundaram noted, “Anecdotally, many manufacturers reported stretched capacities and unusual waiting times, pointing to the robustness of recovery. Gold investment demand in the Q4 also surged to an eight-year high of 79 tonnes, softer prices in November coupled with a positive outlook about future prices addition impetus to retail investments. Digital gold savings also rose impressively due to their ease and safety, a pointer to altering future buying behaviour in investment gold. Annual investment jumped 43% to 186.5 tonnes in India. India’s Q4 gold demand was at 343.9 tonnes up by 85% as compared to overall Q4 demand for 2020. The country’s Q4 2021 gold demand value was $19.8 billion an increase of

77% in comparison with Q4 2020. Total gold jewellery demand in India for Q4 2021 was up by 93% at 265.0 tonnes as compared to Q4 2020 (137.3 tonnes). By value, India’s Q4 jewellery demand was $15.3 billion, an increase of 85% from Q4 2020. “For 2022, Covid-19 and its future variants will remain a factor to watch as will price movements in gold, given global concerns on ination, interest rate and geopolitical developments. The spurt in demand that is, in part, a result of pent-up demand in Q4 is less likely to be repeated this year, though the revival will continue to set a new normal above pre-pandemic levels. The next few years starting with 2022 will be years to watch for the effect of policy reforms, technology and industry collaboration to let gold evolve into a more transparent mainstream asset class.” India’s total investment demand for Q4 2021 was up by 61% at 78.9 tonnes in comparison with Q4 2020 (48.9 tonnes) and grew 55% in value terms to $4.6 billion. The total gold recycled in India in Q4 2021 was 20.0 tonnes, as compared to 21.7 tonnes in Q4 2020. The total gold imported in India in Q4 2021 was 208.4 tonnes, as compared to 166.5 tonnes in Q4 2020.

INSTITUTIONS

IGI analyses record 150-ct rough Lab-Grown Diamond

he International Gemological Institute (IGI) recently analysed the heaviest known rough diamond crystal ever to be grown in a laboratory. Produced by biotechnology company Meylor Global, the record setting blue crystal weighs 150.42 carats and measures 28.55 x 28.25 x 22.53 mm. A second grey crystal weighing 141.58 carats and measuring 28.90 x 28.50 x 20.75 mm, was also analysed by the institute. These crystals were produced using the HPHT process, which replicates

and accelerates natural growth. Both of them surpass the previous known record of 115 carats established in September 2020, also by Meylor Global. “The acceleration of technology in the lab-grown diamond sector is signicant,” said IGI Senior Director of Education, John Pollard. “In addition to record-setting weights, they’re type IIb crystals, a semiconducting category associated

with diamond-based electronics. At IGI we’re seeing new benchmarks from the world’s most advanced producers in jewellery applications and beyond.” The 150.42-carat crystal placed next to a loupe for scale.

GSI hires Jonathan Tack as Exec VP of Business Development

SI said that Jonathan Tack will join the organisation as Executive Vice President of Business Development. He has over 25 years of experience in the luxury goods sector. Following a decade of service as Vice President of Sales for Suberi Brothers where he revamped the legacy brand and launched ecommerce, Tack then founded Proposition Love where he designed for celebrities like Cher, Kathy Grifn, and Tori Spelling and even appeared on the Chelsea Handler Show. Debbie Azar, President and Co-

Founder of GSI, said, “Our team is made up of leaders from the diamond and jewellery industry, and I am condent that Jonathan’s enthusiasm, energy, and vast industry knowledge will help GSI achieve continued growth and success.” Tack has successfully guided crossfunctional teams while launching products into new markets, developing business strategies for multi-channel sales, and fostering lucrative partnerships. “I am delighted to join such an esteemed and prestigious global

organization. The GSI team is building consumer trust and condence in our industry through its integrity and innovation. I look forward to creating new opportunities that will be benecial for GSI and for the entire diamond and ne jewellery industry,” Tack noted.

Sarine’s new advisor 8.0 rough planning Software to extract greater value from small diamonds

srael-based Sarine Technologies said the latest version of its Advisor® rough diamond planning software – Advisor® 8.0 focuses on smaller sized rough diamonds, which form a signicant segment of the value chain, wherein an estimated 900 million stones are polished annually. Our newest version incorporates more

than 20 new features along with the renement of existing processes, all focused on three core drives – generating more value, by extracting more polished yield from a given rough stone, increased productivity – shorter run cycles and augmented automation – reducing the need for human interaction and thus precluding possible human errors, allowing ofine (off hours/off shift) operation, including overnight autonomous operation and

even automatic recovery from system failures (e.g., interruption of the power supply), the company noted. Advisor® 8.0 implements features specically designed to benet polishers of rough diamonds under 15 points in weight (0.15 carats). The software has also applied sophisticated, cutting-edge antihacking protection algorithms developed in house to prevent any attempt to penetrate its defences.

JNI@Mar-Apr.’2022

INSTITUTIONS

Marijan Dundek Publishes updated, comprehensive 2022 Edition of

new revised 2022 edition of the authoritative “Diamonds” book by Marijan Dundek has been published, providing an updated and even more comprehensive guide for the general public and the trade, with all the essential information about diamonds and the factors that determine their value and quality.

“Diamonds”

The book provides a nely illustrated overview of natural diamonds, including an expanded chapter on natural fancy colour diamonds, explaining their extraordinary colour variety with descriptions and illustrations of every colour group. “I have taken great care over the research of the text and the sourcing of the highest quality images in order to deliver the most informative and entertaining guide possible for diamond lovers and gemmologists,” said Dundek, who came into contact with some of the most beautiful diamonds in the world when he worked for Graff Diamonds in London for 16 years. The book talks about the creation and development of diamonds in the earth’s crust, and relates a history from the earliest diamond discoveries, the origins of commercial diamond mining in South Africa, recent changes in the diamonds

industry, including global shifts in centres of production and distribution, the international implementation of ethical standards in the trade, and the emerging roles of China, India, Russia and Dubai as major players in the diamonds market. It also illustrates some of the world’s most remarkable diamonds, such as the 31.06-carat fancy deep blue

Wittelsbach-Graff Diamond, the 70.21-carat Idol’s Eye colourless diamond, and the 5.11-carat Moussaieff Red. The book, which has been widely used as an educational tool in jewellery and gemstone courses, explains the “four Cs” that measure the quality of a diamond, and gives fresh insights into the history, inuence and role of the GIA in the diamond world.

H. K. Designs Certied as a “Great Place To Work”

.K. Designs has been certied a Great Place to Work®. This puts them in the league of prestigious industry stalwarts in the USA such as Signet Jewelers. As part of the assessment, Great Place to Work Institute®, a global management research and consulting rm dedicated towards enabling organizations achieve business objectives by building better workplaces, measured the

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perceptions of H.K. Designs’ employees using Great Place to Work® Trust Index© Employee Survey and understood the organization’s differentiating culture through the Culture Brief© and Culture Audit©. The company received a high score on the Trust Index© score covering ve parameters of Credibility of Management, Respect for People, Fairness at the Workplace, Pride and Camaraderie between People.

A major percentage of employees gave a positive response (rated 4 or 5 on a 5 point scale) to the 59 statements of the survey.

AWARDS AND HONOURS

GJEPC & BDB felicitate Padma Shri Awardee

Savjibhai Dholakia

t a glittering function held by The Gem & Jewellery Export Promotion Council (GJEPC) and Bharat Diamond Bourse (BDB), at the Sotel Hotel, Mumbai, on 1st February 2022, diamantaire, entrepreneur and philanthropist Savjibhai Dholakia, Founder Chairman, Hari Krishna Exports, a diamond manufacturing and exporting company, was felicitated amidst an august gathering of industry leaders for being conferred with Padma Shri Award for social work. The event witnessed all stalwarts from the diamond trade under one roof, lauding the rst-ever Padma Shri Awardee from the diamond industry. In his keynote address, Colin Shah, Chairman, GJEPC said, “We are proud to have Savjibhai as a member of our diamond industry who has led by examples with exemplary values, and grounding fundamentals that

have been the force behind his neversay-die attitude. Savijibhai is a visionary, who has worked hard in the drought-hit region of Saurashtra. “The ‘Waterman of Saurashtra’ has made it his mission to dedicate his life to providing solutions to combat water scarcity by building water bodies (sarovars or lakes) to bring in a holistic development in the region. So far, 75 lakes have been constructed under the Dholakia Foundation beneting 20 villages

and 2 lakh farmers. And the current project that he is spearheading is the Pancha Ganga Sarovar – a collection of 5 freshwater catchment lakes. It is an unbelievable feat as it is, but he intends to complete 100 lakes in the next two years.” A recipient of several awards for his work, including 16 consecutive Excellence Awards for Exports by GJEPC, Savjibhai is known to motivate and reward his staff of over 7500 employees.

Navrattan Kothari to receive lifetime achievement award from JWA

avrattan Kothari, Chairman, KGK Group has been chosen as the 2021 recipient of the Jewellery World Awards’ highest accolade – the Lifetime Achievement Award, in recognition of his outstanding achievements in business, contributions to the gemstone and jewellery trade, and extensive philanthropic efforts. Letitia Chow, Chairperson and Founder of JWA at Informa Markets Jewellery, said, “Since the 1960s, Kothari has been working tirelessly, not just to elevate the KGK Group, but also to inspire excellence in the jewellery and gemstone trade through his roles in key industry organisations. A role model for the younger generation, he is a visionary whose business acumen is matched only by his passion for giving back to society.”

Building on his family’s existing gemstone trading business, Kothari transformed the enterprise when he spearheaded efforts to explore opportunities in manufacturing coloured stone and diamond jewellery in the ’60s. This paved the way for KGK’s subsequent growth into a global conglomerate that covers the entire spectrum of mining, sourcing, manufacturing, distributing and retailing diamonds and coloured stones. Kothari is also being lauded for his compassionate response in dealing with the recent Covid-19 crisis. Even

as the pandemic dealt a blow on various industries, he made sure to retain the services of everyone in the Group’s workforce. The businessman also allocated resources for feeding more than 70,000 people on the fringes of society and donated oxygen compressors to the Rajasthan state government.

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INSTITUTIONS

Formation of New Executive of IBJA Mumbai Board

he oath Ceremony of Mumbai India Bullion Jewellers Association Mumbai Board took place on 2nd February 2022 at Hotel Radhakrishna Palace, Grant Road, Mumbai. IEJA National President Mr.Prithviraj Kothari has appointed, Mr.Kanti Bhai Shah (Ansa Jewellers) President , Mr.Raman Solanki (Sangam Chains) - Vice President, Mr.Jaswant Mehta (Veer Jewels) - Vice President , Mr.Ramesh Jain (Kanakratna Jewellers)Secret ary to the Mumbai Board. On this occasion Mr.Anish Birawat (Chain - N-Chain), Mr.Rahul Mehta (Silver Emporium), Mr.Prem Mehta (Unique Chain), Mr.Sanja Jain (S K Jewellers), Mr.Vinod Wadala (V Chains), Mr.Ganesh Muthalia (G M Gold), Mr.Prakash Jain (Chains Corner), Mr.Bipin Jain (Vimal Sons), Mr.Ashok Jain (CHainaji Narsingji), Mr.Harmesh Arora,

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Mr.Suresh Hundiya, Mr.Surendra Mehta, Mr.Nilesh Gupta and many other dignitaries were present. Congratulating the new board, Mr.Prithviraj Kothari said that all should work for the progress of the

jewellery business. He greeted and congratulated all the ofce bearers with a Shawl and bouquet. Mr.Surendra Mehta , National Secretary of IBJA explained all the activities of the organisation in detail.

EXPO EXCLUSIVE

AGE OLD HERITAGE, BRAND NEW LEGACY

o further jewellery promotion in India, GJC proudly presents it’s 1st B2B Jewellery Expo “INDIA GEM & JEWELLERY SHOW(GJS)”. GJS will comprise the top of the line manufacturers/wholesalers of Gems & Jewellery as well as dealers from all over the industry. GJS will assemble the best retailers, wholesalers, manufacturers, traders, and delegates from across India. GJS endeavors to be the ultimate sourcing platform for doing business and a must-attend for every jeweler interested in the Indian market. GJS will include the participation of a large number of exhibitors from India. The show will create a conducive atmosphere for the Retailers to explore various exclusive and trendsetting Jewellery and encourage a strong business relationship.

Fact-n-Figures: Show:

INDIA GEM & JEWELLERY SHOW(GJS)

Major Section:

1: Gold Jewellery 2: Diamond Jewellery

A new Journey, shining opportunities

3. Loose stones and gemstones 4. Silver Jewellery & Artifacts

A tribute to a 5000-years-old heritage is a brand new expo, spanning across 25,000 sq. meters set to create industry-wide ripples of change.

Our Mission is To ensure that the Gems & Jewellery industry is able to uplift the standards and environment of the artisans and get the industry further organised and compliant. To reach the smallest operator in the country, and be able to maintain, sustain and continue to grow through GJC moto: Protect, Promote & Progress

5. Allied and Machinery Date:

03rd – 06th April, 2022

Venue:

Jio World Convention Centre, Mumbai

Exhibitors:

600+

Cities Road Shows:

100+

Expected Visitors:

20,000+

Hosted Buyers:

2,000+

Frequency:

Annual

Organizer:

All India Gem And Jewellery Domestic Council

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EXPO EXCLUSIVE

A RICH ORIGIN. AN EXTRAVAGANT AFFAIR.

Organized by:

Brilliance takes shape when experience meets the passion of creation All India Gem And Jewellery Domestic Council is a national trade federation established with the objective to address the industry, its functioning and its cause with a 360° approach to promote and progress its growth, while protecting the industry’s interests. As a self-regulated trade body, GJC, since the last 15 years, has been serving as a bridge between the Government and the trade as well as undertaking various initiatives on behalf of and for the industry. GJC represents the interests of over 3 lakh gem and jewellery businesses from across the country. GJC represents various industry segments such as Manufacturers, Retailers, Wholesalers, Allied, gold, silver, platinum, diamonds, Gem stones, machinery, etc. including the entire industry value chain from bullion to retail. GJC also undertakes various initiatives and programmes that are aimed at improving industry business practices, promote compliance, standardization and transparency, promoting

professionalism for the growth and development of the industry sector. The organization also initiates various promotional activities to further retail businesses as well as manufacturing segments through various dedicated platforms designed for the purpose. With the view to develop skills, promote entrepreneurship and expand career opportunities, GJC undertakes various educational programmes for skills upgrade of artisans, retail segment, etc., offers sponsorship to deserving design students and works closely with various gem and jewellery institutes to encourage talent and facilitates opening up of opportunities for an emerging workforce. GJC also undertakes various initiatives and programmes that are aimed at improving industry business practices, promote

PROMOTING | PROTECTING | PROGRESSING

compliance, standardization and transparency, promoting professionalism for the growth and development of the industry sector. The organization also initiates various promotional activities to further retail businesses as well as manufacturing segments through various dedicated platforms designed for the purpose. With the view to develop skills, promote entrepreneurship and expand career opportunities, GJC undertakes various educational programmes for skills upgrade of artisans, retail segment, etc., offers sponsorship to deserving design students and works closely with various gem and jewellery institutes to encourage talent and facilitates opening up of opportunities for an emerging workforce.

GJC OBJECTIVES Ÿ To form a single minded body of members who have come together for a common interest. Ÿ A body, that represents the trade on national issues affecting the smooth functioning of business. Ÿ To promote procient trade practice, by structuring high quality standards in every aspect of business. Ÿ Updating the members, via a common web site, newsletters and promotional activities of the new developments of the trade. Ÿ Regular news updated on notications, rules and regulations declared by the Government. Ÿ Promoting the trade, by participating in promotional events on a national level, trying to enhance indigenous markets by uplifting the trade and incorporating the joys of shopping of gems and Jewellery in the country. Ÿ Encouragement of trade through the organization of consumer exhibits in India that elevates business and promotes its members. Ÿ Initiating a Jeweller’s credibility program and issuing Store Certications. Ÿ Initiating educational and research institutes that help in developing superior quality and high standards for effective functioning of the trade.

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EXPO EXCLUSIVE

Mr. Ashish Pethe Chairman-GJC Mr. Pethe is presently working as Partner in Waman Hari Pethe Jewellers, One of the most trusted and renowned Retail jewellery chain in Western India. Established in 1909 having Operations spread across three states. The brand has been operating through 26 stores, having a team of more than 900 people. He has worked with Tata Electric Companies and IMRB before joining family business of “WAMAN HARI PETHE JEWELLERS” in 1995. He has been actively involved in the Gems and Jewellery Trade for more than 25 years. He has been playing a pivotal role in expanding the brand WHP and in creation of brand identity WHP Jewellers. Under his leadership at WHP he takes care of Legal, Procurement, General Administration and primarily looks

after Advertising and Marketing functions. He is actively involved with the trade bodies at various levels: Zonal Chairman (West Zone) and Director at “ The All India Gems & Jewellery Domestic Council” (GJC) the largest Trade body in the country; Convenor (Head) of Hallmarking Committee; Director, National Governing Board , India Bullion & Jewellers Association (IBJA) - A 100 year old Trade body representing the bullion and retail trade in India. He completed his bachelor’s degree in B.E. (ELECTRICAL) from VJTI, Mumbai followed by masters in MBA (Marketing) from Symbiosis Institute of Business Management, Pune and a certicate course in Diamond Grading from International Gemological Institute.

He has been actively involved in delivering lectures on Marketing & Gold Trade, Hedging at various Management Institutes and Trade seminars.

Mr. Saiyam Mehra Vice Chairman & Convener GJS SYNERGY ORGANIZING COMMITTEE

Mr. Avinash Gupta COA Member

Mr. Nitin Khandelwal Past Chairman, GJC

Mr. Nilesh S. Shobhawat COA Member

Mr. Ashok Minawala COA Member

Mr. Madan Kothari COA Member

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EXPO EXCLUSIVE

Tremendous response for the GJS 2022 Jewellers Meet (Roadshow for Visitor Enrollment) GJS 2022 visitor registration is in full swing.

Booth Allocation, Mumbai

Jaipur Jewellers Meet

Islampur Visitor Enrollment

Nashik Road show

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Bdb Mumbai Jewellers Meet

Rajkot Jewellers Meet

Jaisinghpur Visitor Enrollment

Behrampur Visitor Enrollment

Kolhapur Visitor Enrollment

99th Labham Group

Vadgaon Jewellers Sangh Meet

Kolkata Jewellers Jewellers Meet

EXPO EXCLUSIVE

UGJIS 2022 (8th Edition)

to be held on 12, 13 & 14, March, 2022

GJIS 2022 will be held in March 2022 and the eighth edition is set to be as massive as its earlier ones. With all the big names participating in the show, the stage is set for a windfall as far as the festive season is concerned and jewellers from Maharashtra, North Karnataka and Goa can really look forward to a exclusive array of display so that the auspicious festivals of Gudi Padwa and

Akshaya Tritiya can be celebrated with gusto. “The eighth edition promises to be a grand affair and we expect a very good turnout for the show. Already, the networking meets have generated very good response and this is very encouraging,” says Ranjeet Shinde, Director, Stylus India. With the market gaining momentum, the stage is set for

12 13 14 MARCH 2022 “The eighth edition promises to be a grand affair and we expect a very good turnout for the show. Already, the networking meets have generated very good response and this is very encouraging,”

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EXPO EXCLUSIVE some robust trade engagement and it is being touted that the sun is shining brightly on the gem & jewellery industry. The response to the show has been phenomenal and retailers are eagerly looking forward to visiting it. Shri Anil Dande, Managing Director, Govind Dande & Sons, Nashik has a word of advice for the trade. “Unless you leave the connes of your shop/store and move in the market, you will never be able to decipher and decode the changes and upgrades that keep coming up. The time has come to reach out to your prospects with the objective of giving the best through a deep understanding of market dynamics and always being proactive and pre-emptive,” feels Shri Dande. “Our industry has been faced with several challenges and tough situations but we have overcome them all. Infact, each time we have

had testing times, our industry has only shown growth and that is the unique feature that we have,” says Shri Ajay Nashikkar, Director, G. B. Nashikkar & Sons, Dhule. Shri Nashikkar further quips that UGJIS 2022 has been slotted very aptly and jewellers must visit the show to avail maximum benets before the festive season. His views are echoed by Shri Mayur Shahane, Director, Mayur Alankar Jewellers, Nashik. “I feel jewellers must use every

opportunity that unfolds before them to engage in trade. Having put behind two difcult years behind us, we must explore opportunities which will help trade expansion. The market proliferation and dynamics have always commanded quick response and the same applies to business expansion as well. UGJIS has always been a fulcrum that helps balance sourcing and supply. I feel jewellers must make use of this opportunity,” Shri Shahane says.

Reiterating the quips by some of the patrons of UGJIS 2022:

e have been associated with UGJIS since its very rst year and are a part of the progress of this show over the years. UGJIS is exclusive to our markets and with market proliferation, it is evident that jewellery sourcing has reached new heights. With UG JIS 2022 slated to take place before Gudi Padwa and Akshaya Tritiya, we expect a very robust trade engagement in UGJIS 2022. We will be displaying an array of new designs to suit the tastes of our visitors and are condent of an exceptional response in UGJIS 2022! Inviting all jewellers to visit UGJIS 2022 and ensure a successful trade! Mahesh Bafna : Bhawani Gold Private Limited

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ur association with UGJIS is right from its inception and we are extremely satised with the response we have received so far. The organizers have never left an y stone unturned in ensuring the reach of the show enters newer markets with every edition. We look forward to an exciting show and are happy to be a part of it. Ashok Jain : Mangalsutram

EXPO EXCLUSIVE

ur presence in the market is wide but we still need to tap newer markets. UGJIS, with its reach, is that one platform which will provide us the steppingstone to achieve this. With the markets being very potent, it is for u s to create our space and engage in tra de communication. UGJIS 2022 has been very strategically planned to ensure the festive season goes the right way. The last year has been very tough and it is tie to manufacture, market and maintain momentum. Response in UGJIS has always been exceptional and we hope to keep going. Wishing the organizers the very best and we also take this opportunity to invite all the jewellers to visit UGJIS 2022!!! Ramesh Padalkar, Proprietor, Disha Ornaments, Mumbai.

e have been closely monitoring he progress of UGJIS over the years and are extremely pleased with the growth of the show. The organizers have been very professional and share very cordial relations with the jewellers across Maharashtra, North Karnataka & Goa. This has been the primary reason for visitors thronging UGJIS in large mbers in every edition.

GJIS has always been a very good platform for us. The number of visitors has been growing each year and this is an encouraging sign for the trade. We have often launched new designs in the show and these have been very well received by one and all. The market seems to be slowly gaining lost traction and with the fe stive season ahead, UGJIS 2022 will surely be the perfect t for trade engagement and jewellery sourcing. Ajit Soni : Shivendra Jewellers

he show must go on… And each time, we need to dish out new strategies to meet the growing requirements in context of jewellery sourcing. With technology and technical expertise being highly dynamic, there is no taking a back-seat as far as trade is co ncerned. We have always launched exclusive designs in UGJIS and the response has been very encouraging. We look forward to our participation in UGJIS 2022 and invite all jewellers to visit this show and make the best out of it! Girish Solanki : Girish Jewellers

e have been an integral c rucible of UGJIS since its very rst edition and the experience has been very rewarding. Our reach across the state has expanded and we now cater to a very large segment. However, our quest to engage in the pr ocess of continuous renewal of our produ cts and services also complements the fact that we need to target markets which we have still not managed to foray into. UGJIS is therefore, a perfect platform to he past year was tough; then as achieve this objective. And with UGJIS 2022 slated to trade started getting steady, take place before the commencement of the festive the second wave disrupted the ow season, it is important that all jewellers visit the show! and we were back to square one. Mohanlal Borana : Partner, Mamta Jewellers Finally, there seems to be an upward movement in our trade and that surely is condence-boosting. GJIS has been the perfect With the festive season approaching, trading place for us. U GJIS 2022 has been planned keeping in Jewellery sourcing and mind the fact that jewellery sourcing can be expedited early engagement have always been to meet the demands of the consumer during the peak days. very encouraging and this show We are condent of getting the desired response through is apt for our markets. The the show since our products are always sought-after and we organizers have worked very keep customizing to ensure better value for investment. hard to reach out to virtually every UGJIS 2022 is perfect for the market; the organizers have region within the state and have left no stone unturned to ensure smoothness their enco uraged jewellers to visit the show and deliverables. Requesting all fellow-jewellers to visit UGJIS increase trade. We will be introducing new designs and expand their business. suited to the market and are eagerly looking forward to the eighth edition of UGJIS. Manoj Jain : Mahadev Nath & Jewellers Anil Jain : Sanket Jewellers LLP

Also, another important factor is that every participant takes a lot of care to ensure only designs which are sourced by our markets are displayed and this makes it easier for visitors to engage in trade. Our designs being unique yet sought-after, we are condent of getting a very food response in UGJIS 2022. With the festive season ready to spring in full swing, it is important for jewellers to visit UGJIS 2022 and make it a huge success! Rajaram Patil, Partner - Annapurna Gold

UGJIS 2022 will be held on March 12, 13 & 14, 2022 at The Orchid Hotel, Next to Balewadi Stadium, Mumbai-Bangalore Highway, Mhalunge-Balewadi, Pune – 411045. Timings: 10 am to 6 pm 56

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EXPO EXCLUSIVE

e are delighted to be part of Pune’s premier B2B exhibition, UGJIS 2022 show, which will be held from 12 to 14 of March, 2022. This show has been an important crucible for uplifting Pune’s market in this difcult time. We have been associated with UGJIS since 2019, and the response w phenomenal. We expect the response to get better, keeping in mind the important festive seasons in March and April. Covid has shown us that innovation, use of technology and adapting to the changing trends will be the key for any business, that’s why through this show we will be coming up with new exclusive designs using technology as a tool but keeping the traditional touch intact. We believe that, through this show there will entry of newer markets and it will help upscale the Pune market further. Subrato Majumdar : Shree Guru Gold

GJIS has always been a very responsive platform for us. We have, over the years, expanded our business through effective interface with new jewellers who, during their visit to UGJIS, have expressed their keenness to engage in trade with us. Our designs are unique; we will be showcasing se veral new designs in UGJIS 2022. With the festive season arriving, trade will be very hectic especially since the outbreak is now behind us and everyone is ready to get back to old business-lled days. Since UGJIs is that exhibition which caters exclusively to our markets, it is important for all jewellers to visit this show and eke out maximum benets to enhance their trade and business expansion. Shailesh Bagla, Partner, Amrut Jewellers

ost-pandemic, growth has been st eady and if pundits are to be believed, the sun is shining brightly on the gem & jewellery industry. Retailers have been potent in trade engagement and this is a god indication as far as the sector is concerned. Our association with UGJIS has been si nce its inception and we have always been encouraged by the response of the visitors. The festive season promises to be a grand affair with a very high trade-ow and therefore, UGJIS 2022 will be the exhibition for jewellers in our markets to visit and full their sourcing requirements. Inviting all jewellers to visit UGJIS 2022 and make it benecial for trade. Harivijay Deokar : D R Bullion

e are hugely excited about participating in UGJIS 2022 for several reasons. At the outset, UGJIS has been growing in a very robust manner and every participant ensures that the visitors are satised with the designs that are displayed. We have a st rong presence in certain markets and are extremely keen to expand our engagement with fellow-jewellers from other cities. This makes us condent that our designs, which we have exclusively designed for the festive season, will meet the sourcing requirements of visitors. UGJIS is the perfect space for us to showcase our strengths and we take this opportunity to invite all jewellers from the target markets to book their visit and ensure that they don’t miss UGJIS 2022! #humhongekaamyaab Amrit Kesrimal Sonigara Partner, A K Sonigara Jewellers

ast year we participated in the 7th edition of UGJIS-2021 where we got an amazing response and now we are excited and positive for the 8th edition of UGJIS. UGJIS has been acclaimed as one of the nest B2B Trade Shows in India, consistent in its endeavour to meet the expectations of both the participants and visitors. Jewellers from Maharashtra, North Karnataka and Goa can really look forward to a exclusive array of display so that the auspicious festivals of Gudi Padwa and Akshaya Tritiya can be celebrated with gusto. Archit Jain : Sarafa Bazar India

UGJIS 2022 will be held on March 12, 13 & 14, 2022 at The Orchid Hotel, Next to Balewadi Stadium, Mumbai-Bangalore Highway, Mhalunge-Balewadi, Pune – 411045. Timings: 10 am to 6 pm

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EXPO EXCLUSIVE

Players of the global jewelry industry are getting together in Istanbul…

ISTANBUL JEWELRY SHOW UNITES THE JEWELRY INDUSTRY FOR 51ST TIME!

stanbul Jewelry Show, the most important exhibition of jewelry industry in the region, main sponsored by IGI, opens doors at Istanbul Fair Center for the 51st time between 24-27 March 20221 Istanbul Jewelry Show offers a secure platform where industry leaders may experience and supply the latest products, services and technological solutions while setting trends, and new business deals may be concluded by and between exhibitors and buyers. One of the most signicant events for jewelry industry on global calendar, Istanbul Jewelry Show convenes the outstanding companies and brands with industry experts on a safe platform while offering opportunities for new cooperation and a unique way to exchange information. The main sponsored by IGI, the global authority for grading Diamond, Gemstone and Jewelry, the exhibition will be featuring

over 1,250 local and international jewelry companies & brands representing a wide range of product groups and sectors including gold, jewelry, diamonds, colored stones, precious and semiprecious stones, pearls, silver, silver accessories and silver household items, mounting, renery, watches, molds, shop window decorations, machinery and equipment side industry, safes, software, and logistics and lighting product groups. The

exhibitors will be showcasing their special products and collections to over 30,000 professionals of the sector around the world. Catering the needs of industry since 1986, Istanbul Jewelry Show fairs are organized by Informa Markets, the world’s biggest and leading fair organizer. Informa Markets has a long-standing background and expertise in industry with 17 jewelry fairs organized in 8 countries. Encouraged also with the power of its portfolio, Istanbul Jewelry Show stands as an exhibition closely followed by all industry experts.

The buyers are coming for Istanbul Jewelry Show! The exhibition features an “International Buyer Delegation

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EXPO EXCLUSIVE

“Istanbul Jewelry Show - October 2021’s results indicating that 2022 shows will be much more successful”

Program” coordinated with support from the Ministry of Trade of Turkish Republic and organized by General Secretary of IMMIBIstanbul Minerals and Metals Exporters Association, Turkish Jewelry Exporters’ Association, and Informa Markets with the goal of supporting exports, nding new markets and preserving the market share. As part of the program more than 1,500 buyers of the sector from North America, Europe, Middle East, Americas, North Africa, and Far East will be host at the exhibition. The business meetings to be held during the exhibition are expected to generate around 80% of Turkey’s jewelry exports in the coming term.

design ideas for the upcoming year are developed. UBM Rotaforte Founding Partner ªermin Cengiz: “Istanbul Jewelry Show - October 2021’s results indicating that 2022 shows will be much more successful” Istanbul Jewelry Show - October 2021' success has had a tremendous impact on the jewelry sector all around the world. Compared to October 2019 exhibition, the number of visitors saw a 14% increase at Istanbul Jewelry Show-October 2021. Again, compared to October 2019 Exhibition, October 2021 event saw a 45% increase in European visitors, a 43% increase in visitors from Russia and CIS countries, a 37% increase in North America

which also includes the USA and a 10% increase in visitors from Middle East countries. Orders given and new business deals made during the exhibition made positive contributions to the global jewelry trade and especially to Turkish jewelry exports. The combination of all the positive impacts has created momentum to enlarge the number of halls of the show and resulted to open a brandnew hall for Istanbul Jewelry Show - March 2022. Within this new hall, we will be able to host more exhibitors and ability to increase the current exhibitors’ spaces. As a result of the increased number of exhibitors and range of exhibits, we will be a more solid point to be a “one-stop sourcing place” for the visitors. As one of the top biggest jewelry 5 shows in the world, we are gearing up to raise the bar higher with the support of the sector.

Designer Market is again where the heart of jewelry design beats! Designers joining Designer Market which is organized as part of Istanbul Jewelry Show will be showcasing their latest designs and signature jewelry products. Growing every year and followed closely by professionals, Designer Market is a special platform where trend setting designs of the global jewelry market are showcase for the rst time, designers get the chance to meet producers to exchange ideas and where jewelry

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EXPO EXCLUSIVE

IEG - at Vicenzaoro sustainability, Technological Innovation, Training, Buying Trends: The Jewellery World’s challenges at the heart Of the debate The Italian Exhibition Group event’s talk and seminar programme will be held at Vicenza Expo Centre from 17th to 21st March. International protagonists and experts will discuss the present and future of the gold and jewellery sector. analysis for the rst time.

icenzaoro rallies sector institutions, thought leaders and key inuencers for ve days of talks and conferences on the evolution and prospects of the gold and jewellery industry. The event will take place in Vicenza from 17th to 21st March 2022 during the International Jewellery Show organised by Italian Exhibition Group, which represents the entire chain of international excellence. Sustainability and technological evolution, with a look also at younger generations and buying trends, will be the hot topics central to the debate on the sector’s future scheduled to take place on the Main Stage, the interactive and interconnected platform raised in Hall 7, in the heart of IEG’s Expo centre. A physical space for thoughts and iscussion on future challenges with authoritative professionals to clarify development and innovation

prospects to benet the industry’s national and international excellences and to acquire knowledge and skills to increase competitiveness on the market. The morning of Thursday 17th March, after the ofcial opening of Vicenzaoro 2022, will dive in immediately with “The gold sector scenario: a positive picture with new uncertainties to face”, an analysis of the industry’s progress in Italy in 2021 in a report presented by Club degli Ora in collaboration with Intesa Sanpaolo’s Studies and Research Department, which provides a snapshot of the main players’ feelings through a new qualitative survey that has been integrated into the numerical

On Friday 18th March, after opening the event with its General Assembly, CIBJO will once again play a leading role with two Industry Events. “Emphasizing jewellery’s positive impact on society, as an integral part of its value proposition”, sponsored by the Natural Diamond Council, will focus on changes in communication and marketing standards in light of the growing importance that consumers, especially young people, attach to the social value of the products they purchase, in addition to the monetary and emotional value. The second event, “Innovation and technology in jewellery manufacturing, supporting creativity and driving sustainable impact”, supported by Platinum Guild International, will instead focus on the use of new production technologies, such as 3D printing and laser welding, able to give free rein to the creativity of craftsmen and designers by favouring accessibility and inclusion in a highly technical and specialised sector.

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EXPO EXCLUSIVE A beautiful jewel is a narrative constellation able to captivate customers with countless stories linked to those who choose it, design it and make it. In order to know how to tell these stories, it is important to recognise them and this is the focus of the discussion “Teaching beauty - the crafts of excellence for the new jewellery generations” organised by Assogemme, with president Paolo Cesari and the participation of Alessia Crivelli, President of the “Mani Intelligenti” Foundation, Loredana Prosperi, director of IGI in Milan and other guests such as Giampiero Bodino, Artistic Director of Richemont, and Simone Rizzetto, CEO of the Damiani workshop, moderated by coach & trainer Raffaele Ciardulli.

Saturday 19th March will see the appointment with Trendvision Jewellery + Forecasting, Italian Exhibition Group’s rst independent Observatory that specialises in jewellery forecasting. Paola De Luca, the Observatory’s Founder and Creative Director, will be leading a panel of experts and inuencers in a discussion on the theme “THE CIRCULAR VISION - Design Thinking, exploring innovation in the Jewellery Sector” in order to explore the opportunities of a circularity approach within the sector. A precious moment in light of the period of multiple changes that is affecting the world of luxury in general, focusing on the supply chain’s environmental and social impact.

jewellery machinery exhibition, held at the same time as Vicenzaoro, will take the stage on Sunday 20th March with the whole day dedicated to the Jewellery Technology Forum, the international conference on innovations for producing and processing jewellery, offering the chance of direct contact between gold sector operators and the R&D world. The event is coorganised by IEG and the Legor Group, which will enrich the exhibition programme with an indepth look at how silver’s role has evolved in a talk entitled “The Evolution of Silver: Manufacturing to Consumer.” Vicenzaoro’s programme of events will also include Assocoral’s

presentation of the “MadeinTorredelGreco” project in collaboration with ITA (Italian Trade Agency), in the presence as a speaker of Carlo Ferro, President of ITA. The talk, entitled “Piazza Italia - Stronger Together”, will look overseas to the principles of evolution, innovation and connection in the restart that govern the new vision of business with the United States. GEM TALKS and DIGITAL TALKS will also provide in-depth technical information. The former, in collaboration with I.G.I. (Italian Gemmological Institute) will open the world of gems to producers, wholesalers, resellers and retailers; the latter, in collaboration with Confcommercio Federpreziosi, will help jewellery and watch retailers understand topics such as “The lifestyle sector beyond the crisis: online shopping, digital communication and inuencer marketing” and “Cybercrime and jewellery protection: prevention is the best defence.”

The technology of T.GOLD, the

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M: 9821093855 | 9224455684 A/602, Dheeraj Kiran, Chincholi Bunder Road, Nr Infant Jesus School, Malad (W) Mumbai - 400 064 E: chitta_art@yahoo.co.in | W : www.chittaart.com

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DESIGNER’S KRAFT

Kanishka Chandnani contemporary designs with traditional materials.

he wave of entrepreneurship has changed the meaning of business in India. To contribute in the wave, Kanishka Chandnani started her jwellery making journey while still being in second year of her college. She started Kaash in 2019. It is a homegrown brand based in Jaipur. The good thing about her jewelleries is that they are Completely lightweight. She is doing her graduation in design from Indian Institute of crafts and design. She also specializes in basic wood working, metal and stone work. Familiarity with different crafts such as stone inlay, meenakari, Dhokra gives her design language a unique edge. At such young age she is ought to achieve a lot greater things. Kaash is a homegrown brand which makes purely handmade jewellery and completely lightweight. We provide a range of contemporary designs with traditional materials.

JNI@Mar-Apr.’2022

DESIGNER’S KRAFT

NEHA AGARWAL (A Jewellery Designer)

lways been interested in drawing, I have always envisioned myself having my career in designing. But as every other young talented kid, I also needed direction. Coming from Jewellery business, my Father encouraged me in Jewellery designing. I started researching designing college and stumbled upon IIGJ- Indian Institute of Gems and Jewellery, Jaipur. I started with 15 days workshop to test the waters. Then, I registered in their 3 year course in B.Voc- Bachelor of Vocational degree. In my third year, I exhibited my jewellery in JJS- Jaipur Jewellery Show 2021 which was praised and worn by social media inuencers. As a admirer of nature, I took inspiration from Buttery. I believe nature is the purest and unadulterated form to get inspired. My jewellery was inspired by buttery because of its colours which I used in gem stones. My experience on such a vast platform was a great learning experience and motivated me to put myself on such platform in future. Spanning a legacy of 5,000 years, the Jewellery of India is a striking expression of the country’s aesthetic and cultural history. So being a young designer, I would like to lay the groundwork for Indian designer to make Indian Jewellery revolutionary.

POOJA NIKUMB

ideas, inspirations, art, knowledge

ello I am Pooja Nikumb and designing has always been a big part of my life, it has played an important role in how I see things differently. Jewellery design is vast and as deep as someone goes. As someone who can design a piece of jewellery from scratch, it’s nothing less than art. My inspiration for this eld has always been the way I see things and how they can be turned into something beautiful which will closely resonate with other people. As a woman, my appearance is my condence. Wearing a piece of jewellery doesn’t just means an ornament or a piece of metal and fancy stones. It gives condence, personality and a realization of how beautiful I am. For me, inspiration comes from art, symbol or any subtle thing I see. A simple curve line can also be created into a jewellery design. Designing inspires me to live and view things differently too. Working as a designer is about ideas, inspirations, art, knowledge etc., it takes practice to get it done. The mixture of colours, art and crafts, ideas, metals, stones, etc to create something new is a process that gives me a reason to go ahead. Jewellery is made to be worn, and not to be kept in a glass box for a show. And every new design brings a new concept not just to my work but also to my life.

JNI@Mar-Apr.’2022

DESIGNER’S KRAFT

The use of CAD in Jewellery Design has provided a world of endless possibilities. by: Simple Chahar Master’s Student IIGJ JAIPUR.

AD Jewellery Design has transformed the way the jewellery industry has been practicing jewellery designing. Through computer assisted design softwares jewellery design can be easily replicated to the nest detail before it is crafted. The design can be viewed from all angles - inside, the top and even the sides and allows to make any changes before the manufacturing process.

use of CAD Jewellery Design enables in the rendering of 3D designs which helps the jeweller to get an understanding of what the nal piece will look it

Technology may have made it easy to create designs, it denitely has not eliminated the use of human interaction. The use of CAD in Jewellery Design has provided a world of endless possibilities. It is to be noted that CAD Jewellery Design has not replaced the jewellery makers or anyone involved in casting, polishing, soldering and welding metals or the setters. The

and also helps to showcase the design to a customer who seeks customized jewellery. The modern jewellery designer rely on design softwares for their work as it is quick and convenient. Despite the use of technology and the ease of work that it provides, jewellery design still requires creativity, artistic vision alongwith the knowledge of different materials required to create meticulous jewellery pieces and jewellery fabrication. Jewellery Designer is a part of an industry that is fast gaining momentum. Gone are the days

JNI@Mar-Apr.’2022

when people wore jewellery only for occasions and festivals. Jewellery is seen as a statement. Apart from the mass production, there is a market that caters to fashion jewellery and costume jewellery, 3D printing has become a large part of jewellery design alongwith smart jewellery. There are limited prospects for graduates who opt to work with brands as a jewellery designer. However, the ones who do opt to work for someone can gain skills from knowledgeable and experienced people. Most jewellery designers choose to build their careers as either freelancers or take on the path of entrepreneurship. However, inorder to successfully run one’s business apart from having the requisite creative and technical skills, it is important to be wellversed in promotion and development of business.

PROFILE POINT

CROSSFOR patent owners of dancing stone

Exclusive conversation with Mr. Kabir Sadarangani Director

Q. Tell us about your company and its journey? A. Crossfor Co Ltd is an innovative jewelery components manufacturing company, based out of Kofu, Japan. We manufacture and sell a wide range of Jewelery Findings, Crossfor cut Cubic Zirconia, and light weight mountings to customers all over the world. Our primary and most successful product has been our Patented Dancing Stone component, which has been widely accepted and appreciated by consumers in India. Crossfor’s India Director, Kabir Sadarangani has been appointed to overlook our business strategy and sales in

India. Under his leadership, Crossfor has witnessed business growth, but more importantly, we have been able to create beautiful and unique jewellery that has been appreciated by people all over India.

Q. How did the idea of Dancing Stone come to be? A. Our company president and CEO, Mr.Hidetaka Dobashi understood that the main value of all gemstones and jewelery comes when its brilliance and sparkle is maximized. It is with that concept that Crossfor patented and created a new setting which is called

Dancing Stone- a technology that allows any gemstone to keep dazzling incessantly. Our Dancing Stone setting converts the slightest movement of the wearer into energy that makes the gemstone swing and icker endlessly resulting in a crystal that never stops glittering and shinning.

Q. How do you sell your products in India? A. Crossfor has grown our business in different segments like Diamond Jewelery, Gold & Cubic Zirconia Jewellery, and we are actively looking to further grow our business in new segments. Our main business model has been to collaborate with large and highly capable factories to produce and distribute nished product all over India. We have several licensed manufactures who have been trained and given the rights to manufacture a range of Dancing Stone Jewellery using our patented omponents. We offer training and guidance to all these companies to produce

JNI@Mar-Apr.’2022

PROFILE POINT

Mr Hidetaka Dobashi Crossfor’s President and CEO

product that is of highest quality. We are very proud to say that our collaborated companies have done a phenomenal job in achieving a wide range of beautiful Dancing Stone Jewellery. Today you can probably nd Dancing Stone

jewelery at almost all top retailers across India. From rings, bangles, necklaces, earrings,mangalsutras, and many more products yet to come. It is available in 22Kt, 18Kt and 14Kt.

The most important point for us is that the nished product is very well appreciated by end customers. Indian ladies are liking Dancing Stone jewelery as it is unique and offers a very distinctive look to any item. We feel that there is yet a lot of potential to grow our sales since many large corporates are yet to launch a Dancing Stone collection in their stores, after which we will see exponential sales growth. We are also waiting for the right collaboration to launch heavy and gorgeous Dancing Stone Necklaces in Diamonds. Our Dancing Stone has also just been used in jewellery; however its applications can be extended to watches,sunglasses, accessories and more.

Q. What next for Crossfor? A. Crossfor continues to offer innovative ndings to our customers in India. Our focus on innovation and light weight machine made products allows us to compete in India and continue to offer new products. We will launch some variations in Dancing Stone, by introducing components in different shapes,(Heart, Pear, Princess, Marquise, Cushion).We are also able to create customized Dancing Stone plates which can set any symbol or design further allowing for all variations to be made. We have recently launched a range of Cubic Zirconia with laser inscription. All our Dancing Stone components come studded with our Cubic Zirconia for the best sparkle and shine. We will continue to expand our range of Dancing Stone Jewellery as well, as we are now trying to create new items like Dancing Stone nose pins, men’s broaches, mangalsutras, baby jewelery and more.

Q. What is the potential you see for India?

Q. How has a Japanese company been successful in India?

A. India is such a large market, and we have just about tapped a small fraction of its true potential.

A. Japan and India share a very close relationship at a national level. I think deep down every

JNI@Mar-Apr.’2022

Mr Akhiko Naito Managing Director

Indian also respects the values of the Japanese people. It is the respect for our product quality that led companies in India to honor our Patent and not engage in making imitations. We also have a very strong legal team that protects our intellectual rights, and the Indian legal system has been very supportive to implement harsh action for violators.

PROFILE POINT

HARAKH MEHTA, FOUNDER OF HARAKH India’s Jeweller To The Global Elite

“I pay homage to moments of joy” Harakh Mehta

hen fourth generation diamantaire, Harakh Mehta established his eponymous brand HARAKH, he promised himself that the brand would strive for a higher purpose – to give and spread joy to all those who came in contact with it. After all, the name HARAKH in his native language means “A deep sense of joy and happiness” a philosophy cemented in their logo which is the tear of joy symbol, marked on every HARAKH piece.

“All my design inspirations come from moments of JOY that I have experienced throughout my life. Each collection has a speciﬁc story that led to its creation. That moment of JOY was then translated into wearable art – the result is these sparkling jewels that you see today.” -Harakh Mehta Born and brought up in India, Harakh Mehta was exposed to beauty and splendour of diamonds, at a very early age. He graduated from University of Rochester, USA majoring in Economics post which he opted for a diamond grading course in GIA Carlsbad. He then returned to India to join his family business. In 2017, he established the brand HARAKH. Harakh jewellery specialises in creating high-end jewellery crafted with only the nest materials and the pieces reecting inspiration from Harakh Mehta’s ancestral background in Gujarat and Rajasthan. In Spite of it being a young brand, it’s uniqueness along with its stunning designs is already capturing global attention. Thanks to his orientation towards spirituality, he carries his wellearned fame lightly.

JNI@Mar-Apr.’2022

PROFILE POINT

sustainably sourced and graded according to its exact standard. HARAKH designs and produces both, ne jewellery pieces starting from $2,000 as well as high jewellery, priced from US$30,000 and US$1 million and above.

Detachable Earrings from the Frangipani Collection

With an appreciation for artistry and designs, Harakh Mehta’s philosophy is simple - You must actively take time out to celebrate all the small and big moments of happiness in your life. With every detail nessed and crafted to the highest standards by experts, HARAKH jewellery goes beyond the usual standards of high jewellery. They only feature rare and exceptional DEF colour, IF-VS clarity diamonds set in 18-karat gold or platinum jewellery. Every Harakh jewellery piece comes with a ‘Reection Card’ that explains the artist’s reection of the mood board.

Since 2017, Harakh Mehta has won several accolades including being bestowed the title of the Rising Star Award for Fine Jewelry by Fashion Group International (FGI) in New York. Harakh Mehta has also been featured in top international publications including The New York Times, Forbes, Vogue, and Vanity Fair among others. Since 2019, Harakh is the ofcial jeweller of le Bal, Paris. Harakh Mehta worked round the clock and designed 100 jewellery pieces for 20 debutants, including the daughters of the Rockefellers, the Mellons, Julio Iglesias, Jean-Paul Belmondo and Jet Li. “Le Bal brings together some of the most privileged families in the world in an informal environment for three magical days. I feel honoured to be part of this Joyous occasion in their lives and learn so much from them” exclaims Harakh Mehta!

Laying emphasis on the brand philosophy, “Luxury with a conscience” each Harakh diamond is a

Harakh Mehta at The Le Ball Debutant Ball 2019 with upcoming Bollywood Actress Shanaya Kapoor, HRH Princess Louise D’orleans and HRH Maria Carolina de Bourbon des 2 Siciles. All are seen here adorning exquisite pieces from Harakh.

JNI@Mar-Apr.’2022

PROFILE POINT

launches the collection Where Modern touch Meets Traditional Mangal Means Auspicious and sutra means thread Together it means an auspicious thread uniting the souls. the years, but its divine signicance continues to remain unaltered. When planning your wedding shopping, the one piece that matters the most is a mangalsutra, a necklace that is traditionally worn by all married women across India. Purchasing the perfect piece may seem like an impossible task, as checking out rows and rows of the beautiful, but similar-looking mangalsutras can be quite overwhelming.

Bollywood brides. In the last few years, we have seen B-town ladies showcasing the most unique and stylish mangalsutra designs. With social media taking over and

But not any more. Over time, wedding jewellery trends have evolved drastically. While many of us have seen traditional pieces worn by our mothers, brides are now going for the modernised versions of this sacred necklace.

he groom ties the auspicious thread around the bride’s neck on the day of their holy nuptial as signicance that their relationship would be as auspicious as the thread. South Indians believe that the mangalsutra needs to be tied in 3 knots with each knot carrying a signicance – loyalty towards the husband, dedication to the family, and devotion to the lord.

We at KS believes the same 3 knots with Customer by offering Transparency, Quality And exquisite craft In the time when we all consider jewellery as an essential to make a fashion statement, there is one necklace that women in India wear as a symbol that denes their holy bond with their husband. Yes, we are talking about the mangalsutra. The designs for mangalsutra may have evolved over

While there are a lot of styles to choose from, it ultimately comes down to the trends set by millennial

celebrity weddings getting bigger than ever, brides-to-be are now looking for stylish and non-archaic pieces. Whether you’re a conventional bride or want something unique, we’ve curated a list of classic and stylish pieces perfect to mark the special day and something you’ll enjoy wearing daily. KS launches its collection where modern touch meets traditional With different kinds of accessories used to make your jewellery special. A mangalsutra is not just a piece of jewellery or a fashion accessory it is a symbol of eternal love, respect, and trust that a husband and wife share. Surprise your loved one with a beautiful mangalsutra

JNI@Mar-Apr.’2022

PROFILE POINT

Sarafa Bazar India Launched Gold and Silver live Rates on Mobile App With Sarafa Bazar India, you get to choose among 15000+ authentic jewellery products, which serves you well with their beauty, detailed work, quality, and wholesale prices! Here, you get the chance to spread your business and increase your reach to thousands of trusted, leading jewellery manufacturers, retailers, and wholesalers. Sarafa Bazar India works with a dream to look for jewellery manufacturers, retailers, and

wholesalers, and keep them connected with industry through its website – https://sarafabazar.in/ . Here you can track down makers and wholesalers of a wide range of diamonds and gems. You can likewise look for adornments related to machines, shows, and bundling, stockpiling and security, institutes, and so forth. Sarafa Bazar India is working smartly on bringing revolution in the wholesale industry of Jewellery. It has a huge network of sellers and makers all around the country. Many leading manufacturers, and sellers from all major cities of the country are already connected to Sarafa Bazar India through its mobile application.

Events and Promotions

Sarafa Bazar India’s vast product range includes-

Sarafa Bazar India believes that as a smart seller or a maker of jewellery, you should know about every little change happening in the industry.

Ÿ Silver articles &

It permits everyone in the jewellery wholesale industry to contribute to the growth and work with a goal that aims to bring revolution in the B2B Gems and Jewellery market.

Ÿ CZ & Plain casting

es, Sarafa Bazar India is now giving you the live updates about MCX rates of Gold and Silver.

Sarafa Bazar India, is an online platform that connects all aspects of Jewellery Wholesale Industry.

JNI@Mar-Apr.’2022

Ÿ Handmade Plane Gold

Jewellery Jewellery Ÿ CNC, Italian & Turkish

Gold goal Ÿ Antique & Kundan

gold Ÿ Stone & gold jewellery Ÿ Platinum Jewellery

For wider reach of it’s community members and for achieving its’ marketing goals, in 2021 Sarafa Bazar India participated in UGJISPune, DJGF- Delhi, HJFHyderabad, Jewelnet ExpoChandigarh. And now in the month of March & April 2022 they are participating in UGJIS- Pune, IGJ Expo- Amritsar and JewelNet Expo- Ludhiana. Hopefully all 3 exhibitions will be a huge success in bringing more leads and sales for its’ subscribers.

Sponsors and Co-sponsors Sarafa Bazar India is thankful to its sponsors Aqua Gold and SRT Chains and co-sponsors PD Soni Jewellers Pvt. Ltd., Kalinga Jewellers and Meraki Jewels for choosing its platform to promote their jewellery business.

NEW LAUNCH

eirloom ranges are something every jeweller is proud of. They sustain the legacy of a family and are never out of fashion. Promoting the same, brands generally take the easy route with young models, young blood that appreciate the legacy. But few reimagine the image of a grandparent bedecked in the same jewellery. Shri Ram Hari Ram Jewellers (SRHRJ) has done that remarkably. The current collaboration with bridal couture brand Diva’ni has powered SRHRJ with a breathtaking promotion on Instagram. The snaps showcase an aged, mature model wearing an antique passa and golden bangles. She owns the look and reminds viewers of the ageless beauty of antique jewellery. The attire is from Diva’ni while the jewellery accessorisation has been done by SRHRJ. Such age-appropriate promotion of heirloom jewellery sheds a light on the fashion statement of elderlies in Indian families, something that is put in the backburner due to youngsters frontlining the glamour space. This apart, few hashtags such as #prepartition, #puranidilli, #lahore give us a glimpse at the cross-border

JNI@Mar-Apr.’2022

“Old is deﬁnitely gold”, Shri Ram Hari Ram proves it with Diva’ni tie-up clientele the jewellery brand has been targeting. Brand director Meghali Gupta says this is the rst such collaboration with a fashion label that leans heavily towards heritage. “The label has strong presence in India as well as Pakistan. To pep up their clothing lines, they were looking for

heirloom pieces which is one of SRHRJ’s forte. We are an old jewellery brand and the experience elderlies bring in to our lives can’t be replicated. This is the reason why the collaboration took place,” said Gupta, adding that Diva’ni was glad to dress up one of their models for this collection.

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NEW LAUNCH

‘Emily in Paris’ inspires Darshanaa Sanjanaa Jewellers to create Mon Amour range

nspiration comes from myriad sources. Surviving the neck-andneck competition in the gem and jewellery industry, every brand strives for unique offerings. In the case of Darshanaa Sanjanaa Jewellers, Mumbai, the prime cue for their latest collection named Mon Amour, is a highly popular Netix show. Indeed, it is ‘Emily in Paris’. It is a comedy-drama series revolving around the struggles of marketer from The United States setting sail for a career in the French capital. Although the series has received mixed reviews on the platform, it has found its fan following amongst a huge chunk of the fashion-forward generation, and Darshanaa Sanjanaa Jewellers is tapping into that fanbase while promoting its range consisting of earrings, neckpieces,

diamond bands and chains. Often the most minimalistic message gets attention the fastest, which is what the brand has done by sharing a creative naming of the collection inspired by the Netix title’s name, with The Eiffel Tower on the left. Thereafter, several images of layered

Tanishq’s Voyage fanned diamond pendant is a tribute to womanhood

chains with evil eyes, diamond bands and rings have been posted with different snaps of Lily Collins, who played the character of Emily Cooper in the series and have been spotted wearing brilliant jewellery. The collection is essentially a tribute to the French style statement of the title.

Rastogi, Head of Design, Tanishq. The cutting-edge starburst design with radiating elements signies how each milestone, irrespective of scale, aids the success of each woman. Visibility and the form factor were two important considerations while etching the geometrical shapes of this pendant, said Rastogi. The mirror-nish surfaces relate to the different hurdles one overcomes through their voyages, while the princess cut diamond truly brings out the equilibrium of classical design and contemporary values. “It took us about 8-9 months to conceptualise the design for manufacturing,” said Rastogi.

omen’s Day is around the corner, and one of Tanishq’s marquee creations is summing up the beauty of womanhood. Launching Voyage – the fanned diamond pendant, is a tribute to the individuality of today’s progressive women.

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Literally, one can spot the reiterations of the alphabet ‘I’ through the structures branching in all directions out of the core. “We at Tanishq celebrate womanhood every day, and it’s the journey of every woman that this pendant encapsulates,” said Abhishek

A lot of attention has gone into making this pendant blend with any kind of fashion. Be it a palazzo or a saree, there is hardly any kind of style statement that the Voyage pendant doesn’t go by. “I’m absolutely proud to launch this product in the Indian market as it speaks to and for women of every age and society,” said Rastogi.

JNI@Mar-Apr.’2022

NEW LAUNCH

Manubhai introduces Magraise diamond collection; trademarks the setting

iamonds are dreamy, the glittering stars that sit among the prized pieces in a jewellery box. While everyone wants to own a dazzling piece, not everyone can get their heads around the availability factor that swiftly follows. Solitaires, for example, pinch the pocket hard, and with good reason. These are single gemstones that are stringently taken through the test of the 4Cs and are rarer than other diamond jewellery. However, Manubhai Jewellers in Mumbai has come up with a brilliant collection that offers diamond jewellery lovers the feel of a bigger gemstone at an affordable price. Called the Magraise collection, the pieces feature a collection of smaller stones in marquise and princess cuts, set together expertly. The concept is to put these diamonds together in a way that gives an illusion of a bigger diamond. While this is common practice, what makes Magraise special is the curation of diamonds that gives the best brilliance together. It is an ethereal pairing of different shapes of diamonds that gently clasp a wondrous reason for its being. Also called monture illusion or mirage setting, the revival of the illusion setting in the 1860s is credited to a

Parisian jeweler, Oscar Massin. He is quite famous in jewellery circles for his contributions to the burgeoning Art Nouveau movement in the late 1890s. Magraise is offered in all categories, and the price points depend on the product. However, they start at around Rs 50,000 and upwards.

Malabar Gold and Diamonds’ ‘mine diamond show’ launched

alabar Gold & Diamonds’ ‘mine diamond show’ has been launched in the presence of jewellery group’s management team members, customers & well-wishers. This exclusive exhibition and sale of diamond jewellery present a vast choice of exotic collections in bridal, solitaire, everyday collections, celebration necklaces, men’s jewellery, and platinum jewellery from January 5 to 10, 2022 at Mehdipatnam store said Malabar Gold & Diamonds, store head Rameez.

guarantee and lifelong assured maintenance & one year assured insurance. The brand has also announced a Wedding Advance Purchase scheme wherein gold rate protection is offered to customers by paying as little as 5% advance of the total purchase amount.

amongst the most trusted jewellery brands is the agship company of the Malabar Group, a fastest growing business conglomerate of India. The group earmarks a distinct share of its annual prot for Corporate Social Responsibility activities in the eld of health, education, and housing for the poor, woman’s empowerment and environment conservation initiatives.

Malabar Gold & Diamonds, one

Malabar Gold & Diamonds have started the “One India One Gold Rate” campaign under which customers will be given best gold rate across all stores of Malabar gold & diamonds in India. All diamond Jewellery are certied IGI along with value added services like buyback

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JNI@Mar-Apr.’2022

NEW LAUNCH

CaratLane launches its musical collection

‘HARMONY’

aratLane, India’s leading omni-channel jeweller is set to mesmerise you with their newest collection – Harmony, an amalgamation of sound waves that create beautiful melodies! The diamonds in each ethereal design are laid on a series of twirling golden spirals that seem to go on forever, much like a never-ending symphony. Harmony is many things! It’s the perfect partner for cocktail parties/dance nights, the only thing you need to accentuate your occasion wear and your constant companion reminding you how beautiful you are every day, everywhere. The diamond-studded spirals are expertly crafted using state of the art 3D printing techniques. This enchanting orchestra of captivating designs instantly lends a modern, elegant and sophisticated touch to any getup.

PNG Jewellers launches Digital Gold Facility

NG Jewellers launched a digital gold facility enabling its customers to buy and sell digital gold through its website (www.pngjewellers.com). The brand has tied up with digital gold pioneer, Augmont, for the service. Digital gold facilitates the purchase of physical bullion (i.e. gold/silver) with an accumulation of gold/silver as low as ¹ 1 with the ease of online access. The customers can request for the delivery of gold/silver purchased anytime they want in the form of coins or bars.

JNI@Mar-Apr.’2022

Talking about the collection, Kinnari Shah, Head of Design & Merchandising, CaratLane said, “Harmony is a designer’s imagination come true. Inspired by the different notes of music that come together in perfect synchrony to form a tune, Harmony celebrates all that makes us different yet brings us together as one.” This 14kt gold jewellery line has something for everyone and makes a perfect gift for your loved ones, one that will tune your hearts forever. Harmony features 22 exceptional designs consisting of rings, earrings, pendants and bracelets starting at Rs 15,400.

Customers can also sell the bullion in a secured and convenient manner back through the same link. The

‘buy’ and ‘sell’ prices are quoted based on wholesale spot rates and hence are not only fair but also

competitive compared to other service providers. Moreover, customers can now gift their loved ones gold and silver for any occasion as well. All it requires is for the receiver to have an active mobile number. The receiver has to accept the same within 7 days otherwise the purchase is added back to the sender’s wallet. PNG Jewellers said that launching this digital gold initiative was a natural progression after a pilot programme conducted at select stores proved to be a success.

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NEW TREND

Jewelove, the platinum-only e-com brand, rides high on customization

t is a no-brainer that inventory of any jewellery brand consists of different categories. The more varied the options are, the better each category performs. This is also reected in jewellery showcased online. But the scope of growth rises exponentially when you discover an Indian e-com platform specializing in platinum jewellery only. Yes, we are talking about Jewelove, the brand that started with the vision of IIT-Kanpur alumnus Sambhav Karnawat. It is the clear distinction in grandeur of platinum that had enticed Karnawat to wear platinum over any other precious metal and start Jewelove. “I could sense a rising demand for platinum jewellery among the youth. Strengthened by personal choices, I started the e-

com and retail wings for ne platinum jewellery,” said Karnawat, the founder and CEO of Jewelove, who hails from a family of jewellery wholesalers in Jaipur, Rajasthan. Jewelove started in 2009 in Jaipur and has gone on to hold the largest variety of platinum jewellery available across any e-com platform in India, adds Karnawat. Besides readymade items, one of the strongholds of Jewelove is its customization services, in which the brand’s designers can create

bespoke jewellery nearly identical to the ideas shared by customers from the scratch. This has helped the brand expand its customer base from Rajasthan to faraway Indian states such as Jammu, Mizoram, Bihar and even across borders such as Europe, The UK, US and The UAE.

Dancer-inﬂuencer drives Om Jewellers’ reel views sky-high with peppy Bollywood performances an inuencer.

ollywood songs make for a sure-re tool to grab eyeballs of Indians any day. Jewellery brands have thus been making thousands of reels to showcase their jewellery with peppy Hindi songs as background scores. However, Om Jewellers just concocted the right mix of entertainment with jewellery through an apt collaboration with

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Collaborating with dancerinuencer Akansha Vora, Om Jewellers has shared three exciting reels with jewellery that becomes a part of the performances. The make-up and accessorisation of the performances on the songs ‘Suno Aisha’, ‘Sajna’ by Badshah and ‘Piya Basanti’by Nusrat Fateh Ali Khan have been different. The nal package exudes abundant grace in the performances. This is indeed a brilliant way to present jewellery and hasn’t been done in this manner by any brand.

Usually, brands go ahead with models posing for the lens and getting involved in the ambience created by the song used in reels, but using peppy Bollywood songs and having impressive performances done by the face of a campaign impacts the viewer in two ways. The foremost impact is the visual combo of jewellery, wherein the prospect realizes that it is easy to carry heavy-ticket jewellery as easily as the performer is carrying in the video. Secondly, the prospect realizes that with such ease of use, one can allow her persona to dominate her accessories and look at any gala get-together. No longer, does one have to remain cautious the entire time while aunting highly valuable, delicate jewellery.

JNI@Mar-Apr.’2022

NEW TREND

Antique, the new love interest for young jewellery buyers’ traditional ﬁnesse admire the dressing choices and jewellery preference of their parents and grandparents. They aspire to look as elegant and traditional as their parents are, in family functions and traditional festivals. Thus, antique is their best choice to suit the demand,” said Seth. In the last decade, the demand for antique jewellery has seen quite a radical shift. According to Zaveri, the vertical has never lost its demand from afuent families wherein aged buyers opt for antique because of the quality and history attached to such pieces. When it comes to the mass buyers, youngsters are showing interest in antique because of the grandeur of time these pieces showcase with their design elements. To add to the excitement, the huge scope of infusing colour gemstones in this segment works as cherry on the top for the fashion-forward youth.

n ethereal mix of age and glory comes to mind when thought of antique jewellery. Indeed, we associate heritage a lot with this category. Of late, youngsters have taken a strong liking to this segment. Inuencers or not, youngsters are proud of imbibing the historic persona of their communities and capturing the moments for social media. Select manufacturers known for their antique jewellery highlight the reasons why. Rajubhai Zaveri, director, RBZ Jewellers Pvt. Ltd., feels that the antique polish is appealing the young generation. “In antique jewellery, young buyers are looking for heritage designs. So, such designs are ying off the shelves across retail space because the target audience wants to strike a connection with their roots,” he said. Agreeing with Zaveri is Deepak Seth, partner, S K Seth Jewellers, who feel that besides the design element, fashion preferences of the older generation are also inuencing youngsters, who are looking for imagebreaking appearances. “Teenagers and young adults

JNI@Mar-Apr.’2022

There is a huge scope of design in antique jewellery, fe el s S n eh S on i, di r ec t or, S on i N a na la l B ec h ar d as J e w ell e rs. “ W e ca n fuse contemporary and traditional designs in antique. Black antique, geru antique are very popular forms of this segment because of the highlight of colour that they provide on gold,” he says. Due to the rise in price of gold, consumers looking for safer investment options are investing in antique jewellery because of the dash of colour it adds,” he added. That is also a reason behind the rising demand of antique jewellery in bridal, believes Seth. Weddings across the country are pushing brides-to-be to choose antique jewellery for marriage ceremonies. Almost 80-90% of weddings in urban areas involve antique jewellery, says Soni, because any buyer looking for design diversity instead of the look of plain gold is choosing antique. “In the coming ve years, demand for antique jewellery will go three to fourfold,” feels Seth.

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CELEBRATIONS

Kiran Gems gifted diamond earrings to 425 women employees as a symbol of power,

ndian women are excelling and leading in various endeavours, venturing into uncharted territories and creating new landmarks, and reshaping our society as well as economy, says, Dinesh Lakhani. As we take inspiration from the new age women ying ghter planes, we also take inspiration from the early torchbearers like the magnicent Late Smt. Lata Mangeshkar ji who gave

Their magnicent achievements in different sports like Cricket, Boxing, Wrestling, or Athletics tell us that nothing is impossible for Indian women. Today’s woman has the power to change the world. Their versatility is immense and when coupled with dedication and determination, the spirit of women is going to be the key driver of change for all of us. We truly believe that the next wave of growth will be driven by the women’s force. To celebrate this spirit and the endless contributions in varied elds, Director, Dinesh Lakhani gifted diamond earrings to 425 women employees of Kiran Gems as a symbol of power, dignity, justice, hope, equality, and respect to the women team of Kiran Gems.

inspiration to people all over the world.

Keep shining!

The Indian woman achievers are now the face of our country, the likes of Indra Nooyi of PepsiCo, Kiran Mazumdar Shaw of Biocon, Smt Nirmala Sitaraman - the Hon. Finance Minister of India and Late Kalpana Chawla etc. The entire Kiran Team was delighted to hear Mrs. Saroj Rajesh Lakhani, Mrs. Dipal Dinesh Lakhani, Rasilaben Mavjibhai Patel, and Srushti Munjalbhai Patel.

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JNI@Mar-Apr.’2022

CELEBRATIONS

oyalukkas’ latest video commercial is more than just a brand recall ad. It is a bittersweet reminder of friendship and the essence of it that lasts forever, even if you miss your bestie. With the unmistakable elegance of Kajol, the commercial starts with a reunion party. Friends bump against each other, but the

JNI@Mar-Apr.’2022

Joyalukkas’ latest ad featuring Kajol, Amruta Subhash reminds jewellery lovers about thanking true friends Bollywood diva is searching for a long-lost soulmate. The rst encounter lasts a while with each other surprised to the core and never stopping to smile at each other. Kajol goes on to gift a Joyalukkas set. Enchanted by the grandeur, the friend in question, Amruta Subhash, thinks of returning the expensive gift, but Kajol interrupts her, insisting on focusing on the beauty of the

jewellery piece as a memento of friendship. There is a sweet background story, taking the audience decades back to an intra-school event where Kajol and Amruta were lined up for their respective performances. Kajol, out of nervousness, tore apart her necklace accidentally, but Amruta’s character saved her grace by giving away her own necklace so that there is no speckle on the spotlight shining on the condence of the child artist. Sadly, Kajol couldn’t get a chance to thank her back then as she was transferred to another school after the event. This prompted the diva to nd the best gift possible for a memorable reunion decades later.

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TREND NOW

Impress your partner with the gift of love with

Paksha I

mpress your loved ones with the joy of handcrafted elegance. Our collection is designed with a touch of lightness that can be carried through occasions, from day to night. Skillfully handcrafted by the artisans, the jewellery pieces in pink semi-precious stones forming an alluring accessory for eventful occasions. The pieces are made of 925 Silver with 1.0 microns Gold Plating. The style ranges from modern, contemporary to traditional. Just take your pick. Nothing can replace the love you hold for your special someone, a Paksha can merely remind them of it.

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JNI@Mar-Apr.’2022

TREND NOW

hroughout the gem and jewellery industry, promotions have been stereotyped in such a manner that only the nished product qualies to be exposed and appreciated for. But as unceremonious as the term ‘backend’ sounds, there hasn’t been enough talk on the process of jewellery manufacturing. Konika Jewellery has broken that stereotype with a video that would make everyone pause, breathe and put a smile on their faces.

Konika jewellery indulges in audio-visual ASMR with bangle-making video

First, the choice of a song that evokes a vintage, ethereal and emotional fullment is not a regular choice in the race to coax peppy, foottapping tracks. Yet, Tanvi Singhi, marketing head, Konika Jewellery, Chennai, chose ‘Chan Kithan’ by Ali Sethi of three other options for this video. That was indeed a correct decision, as every commentor has praised the satisfaction element of the video.

the process much like a machine. This prompted me to show how a beautiful pair of gold bangles get made.”

When asked what prompted her to chart this journey of a pair of gold bangles, Singhi said, “Two weeks before, I visited one of our jewellery workshops. We invest so much into promotion of designs, but often overlook the relentless dedication of our karigars. They were engrossed in

The video shows the different soldering, washing, beading and other techniques, each of which add to the journey of a jewellery piece meant for everlasting adornment. The beauty of the video is its originality and simplicity with which the brand has proudly showcased the

traditionally Indian way of manufacturing. As a result, the video has received over 7.6k views within three days of release. That is quite a good feat for a promotional video that swims against the tide of glamour and banks on the value of love that transcends from the efforts of a dedicated craftsman to the beholder and nally, to the person adorning this work of art.

Dhanji Jewels announce one-stop e-commerce platform for diamond jewellery

he pandemic dramatically increased the adoption of the e-commerce ecosystem and online shopping became the preferred mode not only for essentials but also for jewellery businesses. Even the prices of diamond jewellery have increased manifold in the last few years but the sales of diamond jewellery seem unaffected except for the pandemic period. As the diamond jewellery market has picked up again and the demand for jewellery is growing rapidly, Dhanji Jewels are offering dynamic diamond jewellery at the best prices.

JNI@Mar-Apr.’2022

Dhanjijewels.com is a new one-stop shopping destination for unique diamond jewellery with a vast product range, ne quality and unbelievable prices. Dhanji Jewels also deals in customised jewellery across the world. “Since its inception in 2019, the platform has grown rapidly. We deal in Western and Indian Traditional designs in a wide range of diamond jewellery from necklace to pendant, to rings earnings. The platform offers more than 2000 varieties of diamond jewellery which attracts customers to select appropriate products.

While shopping is just a click away, Every buyer looks for discounts, variety and quality and that’s what we are doing and we have achieved the milestone and sales volume speaks for itself,” said Mahasukh Chadapara, Founder and Director, Dhanji Jewels.

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