Indian Jeweller - April - May 2021

In this issue

20 WAYS TO MAKE YOUR MONEY WORK FOR YOU: There is no one way to manage your finances. From planning, not over leveraging, assessing risk, embracing a minimalist approach, investing in a solid software and a backend team, here’s what retailers believe will make you financially strong says Vijetha Rangabashyam...

Finance 101 - 20 WAYS TO MAKE YOUR MONEY WORK FOR YOU

There is no one way to manage your finances. Debt management is unique to every business owner. It all boils down to inventory – store owners in metropolitan cities might believe in investing in pieces that an owner from Tier II or III cities may not be interested in. Contrary to what most people believe in, inventory management, taking loans and indulging in a bit of financial risk is not a gamble. There is a foolproof way of handing your finances. From planning, not overleveraging, assessing risk, embracing a minimalist approach, investing in a solid software and a backend team, here’s what retailers believe will make you financially strong

10+ mins

Open Letters from Industry Stalwarts - Word to the Wise

The world has collectively gone through an unspeakable year. Loss of family members, friends, colleagues and acquaintances; the virus might’ve permanently altered the way some of us look at life. Many of us are bereft of hope, we are not able to see the light at the end of the tunnel. But this too shall pass, and as humans we are bound to come out of this hardship together. Here are some encouraging words penned by some industry stalwarts.

10+ mins

AKSHAYA TRITIYA 2021 - AKSHAYA TRITIYA 2021 A NOTCH BETTER THAN LAST YEAR

This Akshay Tritiya brought in a ray of hope for many jewellery retailers across India and many noted that demand was better than last year. people were buying gold and that helped dispel the dark clouds cast by this pandemic

6 mins

Mandatory Hallmarking: What This Means For The Industry?

Amidst several concerns, long meetings, continual discussions and more, the landmark regulation related to mandatory hallmarking becomes a reality in India – all set to change the course of the Indian G & J Industry completely. Opinions from across the industry highlight the upsides and downsides of thisregulation

10+ mins

Digital Gold To Make For A Long-term Investment

Digital gold is like ‘physical gold’ but without the added issues of safekeeping and storage. There are no compromising risks on the purity of gold. Three companies – Augmont, MMTC-PAMP and SafeGold – that currently offer digital gold in India store equal amounts of physical gold is insured vaults. Digital gold can be bought in small units on multiple online platforms, however, there is a limit of Rs 2 lakh. Most providers have a clause for a mandatory exit or for taking delivery of the physical gold after a fixed period of time.

1 min

inflationary environment Foretells increase in Gold demand

Building on the positive trend in April, precious metals closed on a healthy note in May. The weakness in the U.S. dollar and inflation concerns helped Comex gold close near a 5-month high on May 28. Comex gold gained 7.8 per cent in May to close at $1,905.3 an ounce. Comex silver, too, closed on a positive note, clocking a gain of 8.3 per cent to settle at $28.02 an ounce.

1 min

Webinar Seeks Bankers' Perspective On G&J Industry Financing

GJEPC held a webinar on 27th May with the aim of understanding the perspective of bankers who finance the gem and jewellery sector. The panellists included Ranvir Singh, DGM and Branch Head, SBI, Diamond Branch, Mumbai and Narayan Singh Deora, Zonal Manager, Bank of India, who were joined by Manish Jivani, MSME Convener, GJEPC. The discussion was moderated by Mayank Bajaj, Director, Bajaj Advisors.

1 min

IGJS to be held in Dubai from 14th to 16th August 2021

GJEPC with the support of Govt. of India is organising the inaugural International Gem & Jewellery Show (IGJS), an in-person exhibition, in Dubai from 14th to 16th August 2021.

1 min

GJEPC along with eBay launches an Exclusive Online Jewellery Store

The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gem & jewellery trade in India, has forged a unique partnership with global E commerce giant eBay to offer to its Members an Exclusive Jewellery Store on eBay.

1 min

Maharashtra Govt gives Thumbs Up to Jewellery Park in Mumbai

A GJEPC delegation met with Maharashtra Chief Minister Shri. Uddhav Thackeray on 4th June at his official residence Varsha, in Mumbai to brief him about the India Jewellery Park Mumbai (IJPM) mega cluster project, and to request immediate support from the state government on certain pressing issues.

1 min

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Indian Jeweller Magazine Description:

A to Z of jewellery industry, read industry news, special columns like personality plus, retail innovation, designscape, interface, etc International Journal House (IJH) and Gem and Jewellery Information Centre (GJIC) comprising The Journal House Group (JH Group) are non-government bodies which are dedicated to the all-round development and advancement of the Gem and Jewellery Industry and Trade.