Undoubtedly, the Indian G&J industry acts as a torch bearer with the rising economic growth of the nation. Currently, the Gems and Jewellery Export Promotion Council (GJEPC) has taken an initiative to promote bilateral trade for the purpose of tapping the untapped potential markets around the world. The first intent of the council is evident from the Indo-Russia Jewellery Summit held from 20 June 2011 to 23 June 2011 at Hyatt Regency, Mumbai. The Summit has be an effort to increase the footprints of Indian jewellery manufacturers in Russia and the Commonwealth of Independent States or Known as CIS countries, as there were leading retailers and wholesalers from Russia at the Summit.

It is no more a hidden fact that India is heading on its way to soon become a leading centre of gems and jewellery , as the total exports for the year 2010 have been registered to be US$ 37.14 billion as compared to US$ 25.11 billion in the earlier fiscal year. With the hosting of the summit, it is expected by the Chairman of GJEPC that nearly about 15-20% of the jewellery market can be captured, as Russia manufactures only about 21% of its jewellery and the remaining is being imported from Turkey, Itlay and China.

Big Jewelley business houses such as Asian Stars Jewels Pvt Ltd., Dimpex Jewels Pvt. Ltd., APPL, Inter Gold India Pvt Ltd., Jasani Jewellery Unit II, Poddar Diamond Pvt Ltd. participated in the summit for initiating new sourcing relationships between the two nations. Also, Alex Popov, who is the president of Moscow Diamond Bourse has also expressed its excitement to participate in the summit and has referred the summit as an excellent opportunity for particular Russian counterparts to explore the maximum potential of India’s Gems & Jewellery Industry!

We all should keep our fingers crossed and hope that the summit turns to be lucrative deal for Indian Jewellers!

none

Attention all Faithful Online Shoppers!

Today, we are here to talk about the revolution in the buying pattern for all products ranging from simple products to heavy jewellery from traditional shops to Branded jewellery retailers to buying jewellery online. But, actually what needs attention is a veritable fact that needs to be focused by the online shoppers that are they actually about the laws for online shopping. If not, then it’s the high time. It would be surprising to know that recently European Parliament has given its approval for new European Union-wide rules in particular for online shopping.

The consumer Rights Directive entitles the European buyers to change their minds regarding an online purchase within a time period of two weeks prior receiving the goods. The Directive also ceases the hidden charges by proscribing the use of “pre-ticked” boxes on the retail websites. The new law expects to see an increase in the number of online buyers placing cross-borders within the EU. The reason behind less online buyers is mainly the non-delivery or late delivery of goods, which is purely unfair to the consumers and for sure needs attention.

As we all know that there are n number online shopping portals, where the buyers can buy jewellery, Johareez.com is one such online portal, where the buyers can go for jewellery shopping at the best deal, without the fear of being cheated, as the certificate of authenticity comes with the name. The portal also provides with delivery guarantee of seven days, keeping in mind the convenience of the buyers. Buyer’s protection and convenience is kept in mind, so it provides with cent percent safe and secure payment options along with extended Read the rest of this entry…

none

Gems and Jewellery have always been as one of the most important of all Indian legacies; as Jewellery is a kind of love for all women!! It’s no more a hidden fact that the rich Indian Tradition has been symbolized by Gems and Jewellery in the international market. The demand of Indian gems and jewellery all over the globe now not only include the conventional gold, but also platinum, diamonds along with a rich variety of semi-precious and precious stones and gems.

We all know that India is known to be among the largest bullion and diamond polishing and cutting market around the globe. According to data given by Gems and Jewelley Export Promotion Council (GJEPC) the maximum growth of nearly 77 percent of in exporting of gold medallions and coins is being seen in May of US$ 1,240.24 million, which reflects a growth of 47.16% (+44.27% in rupees term). This is followed by Silver jewellery, which is reported to be US $ 44.46 million for May 2011, which shows a growth of 56.16 % (+ 53.11% in rupees term). There has been increase in the exports of cut & polished diamonds in May 11 of $ 2,221.89 million (Rs 9,976.27 crores) that shows a growth of 47.16% (+44.27% in rupees term)

With the continuous attraction of consumers towards the jewellery items as both investment and luxury fashion, it’s been known that the exports of Indian gems and jewellery has registered a high growth of nearly 33.5% (30.88% in rupees term) year-on-year to US$ 3.705.59 million (RS 16, 638.09) in May 2011. It has been possible due to the rising demand of the items from the US and UAE markets. Due to the repercussions of global crisis, the exports in 2010-11 fiscal have been only up to $ 2, 775.70 million (Rs. 12, 712.69 crores). It’s big news that the first two months of this year have seen huge jump in exports by 18.2 per cent to $ 6.9 billion when compared with last year. Although, it would surprising to know that the Chairman of GJEPC Read the rest of this entry…

none

Jewellery sets a class for Indian women; it is a form of personal ornament worn by mostly the Indian women as they treat it as their tradition. By wearing jewellery they feels themselves as complete, there are various types of jewellery ornaments which they wear such as brooches, rings, necklaces, earrings, and bracelets. The various materials used to make jewellery can be usually gemstones, precious metals, beads, or shells. Indian women are considered complete with the jewellery they wear. Jewellery is one of the oldest forms of body adornment, recently in a discovery beads were found which are considered to be 100,000-year-old and they have come from Nassarius shells are thought to be the oldest known jewellery.

Gemstones and other kind of precious stones and metals which can be categorized as silver or gold are used to form traditional jewellery while there is also a growing demand for art jewellery where design and creativity is prized above material value. To add more to this jewellery section, India’s Gem & Jewellery Export Promotion Council (GJEPC) on, June 7, 2011 formally launched the second edition of its opening up India International Jewellery Week (IIJW) in Mumbai. While speaking at the launch press conference, GJEPC chairman Rajiv Jain announced that riding on the success of last year’s show, the 2011 edition of the IIJW has a immensely flourished involvement basis and enhanced purchaser engagement.

This is proved by the fact that international designer jewelry brand Stefan Hafner is a confirmed visitor at the IIJW. In another first, Jain also announced that Indian film star Sonam Kapoor is selected as a face for this year’s IIJW. Kapoor has previously been the brand ambassador for the Indian generic diamond jewellery promotion Read the rest of this entry…

2 com

D’damas one of the most popular jewelry brand has introduced Sonakshi sinha as the new brand ambassador. The only brand in the country with a presence in over 159 towns and cities having distinct sub-brands has also launched its new campaign.

The brand provides its consumers a vast variety of gold jewelry, diamond studded jewelry for the moments like marriage, special occasions and religious or for pure indulgence. This reflects personality and also combines international quality with Indian values.

The new emerging bollywood diva Sonakshi about her association with D’damas says, “It feels great to be the brand ambassador of D’Damas! I connect with D’Damas because I personally live each moment to the fullest and believe in celebrating life. D’Damas adds celebration to both ordinary and even the everyday special occasions. When I want to celebrate any happiness in life I turn to D’Damas.”

After stream of bollywood actresses for instance Preity Zinta, Amrita Rao, Lara Dutta, Neetu Chandra and Celina Jaitley who have adorned the brand with their elegance, Sonakshi is all geared up to add on with her grace. “Dabbangg” actress is already linked up with brands such as Dyna Soap, Colgate toothpaste and Provogue’s women wear.

COO of D’damas Jewellery India Pvt Ltd, Mr. RK Menon said, “Sonakshi Sinha is the Read the rest of this entry…

none