Zaveri Bazar, a land mark of Mumbai is the 150-year old jewellery market in south Mumbai is literally a feast for the eyes. The market controls over 60 per cent of India’s gold trade and has over 7,000 shops selling traditional and contemporary gold, platinum and diamond jewellery.

IBJA will be organising Zaveri Bazar festival called Indian Jewellers Week will make its debut this October. Scheduled from 1st to 7th October, it is an innovative B2B initiative taken providing a platform for manufacturers, wholesalers and retailers.  This issue the cover story will take you into details of the event.

K Srinivasan, MD, Emerald Jewel Industry India is a renowned name of jewellery industry. In an exclusive interview he talks about his success journey. Get to know more about his work style, designs and future plans.

Like every issue, this edition also promises good and informative content that you are looking for. Our regular features and columns will ne a visual treat for you with latest designs in jewellery and luxury watches.

So, grab on to the latest edition and Happy Reading….

IBJA brings on to its board the new president Prithviraj Kothari  and before I start, my hearty congratulations to the new IBJA committee members. IBJA, which has made its presence stronger in the jewellery industry in nine decades and with strong leaders  at the wheel, the association has set an example many.

The industry is going through a rough patch with increase customs duty on gold and other precious metals from 10% to 12.5%.  Gold imports holds a very vital place  in the Indian economy and the recent development with regard to import duty has burdened the industry. Our jeweller’s disappointment over the proposal stands right as, at the time when the industry is going through a lull phase, a positive announcement would have encouraged the sector. Our cover story will give you a detail report and industry reactions.

Indian jewellery and its designs are commendable and its worth has been recognised globally. At a recent auction, our jewellery breaks a record by fetching a whopping price of  $109.3 million. Must say it is an achievement for the country and the jewellery industry.

Besides the  special features and reports, this edition will not take away the regular columns on trends, designs and much more.  Don’t miss it. Read on…

Have a joyful reading!

IBJA’s India International Bullion Summit plays a vital role in the Indian jewellery industry. The event is known to bring together experts, officials and trade pundits under one roof. The two day event included Technical Symposium and Panel Discussions on the issues related to the gold and jewellery industry.

IBJA’s  launch of B2C Festival in Mumbai, Thane and Navi Mumbai from Gudi Padwa till Akshaya Tritiya in this seminar was another positive element along with launch of ‘IBJA Accredited Stores’ for the benefit of MSME jewellers to compete with big jewellery brands.  To get the complete information about the 6th edition of IIBS read on our cover story.

Like every issue, this edition also promises good and informative content that you are looking for. Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good as much as an investment. As such, gold can play four fundamental roles in a portfolio. Get the hands on the comprehensive report in our special report. A must read…

Last but not least, this edition talks about the hallmarking of silver. We hope you enjoy this issue too with right and interesting  information loaded. 

So, grab on to the latest edition and Happy Reading….

The Time really flies, and it is not something we envisage. The month of Feb is going to an important month for the jewellery industry with Prime Minister Narendra Modi’s government presenting the budget on Feb 1st.  Let’s hope this budget industry get some relief with the bullion industry urging a tax reduction to combat smuggling, which has increased since India raised the import duty to 10 per cent in August 2013, to narrow its current account deficit.

This issue is filled with a wide range of informative articles that will give you all an insight into the industry. World Gold Council expects that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance. An interesting report which is must read.

In China, gold is divided into several categories. There is gold, gold products and ore and gold are subdivided in standard gold and non-standard. Can India Have Similar GST Model Like China VAT Model?  To find out, read our detail report.

Latest information, updates, trends, versatile collections and much more in this issue. Don’t miss the opportunity to stay ahead of the latest news on the jewellery industry.

Happy Reading!

Times files! Yet another year is coming to an end.  May the new year bring health and success.

Like every edition, this issue too offers a plethora of information on jewellery and overwhelming designs that will win your hearts.

IBJA’s new initiative of  22kt & 18kt retail gold jewellery rates will bring in changes in the industry. Once 3 lakh unorganised jewellers will start charging its customers, IBJA’s indicative 22 kt & 18 Kt retail gold jewellery rate and they would also gradually get themselves registered with BIS, so that customers start getting same purity gold what a branded or organised player is selling but at a much cheaper, fair and transparent price. Read on a detailed report.

The hallmarking of gold, which is voluntary in nature at present, is a purity certification of the precious metal. Very soon, the government is planning to soon make hallmarking mandatory for gold jewellery. Our special report will give you an insight.

This edition will also throw light on why Jean-Marc Lieberherr, CEO of DPA, believes India will not be affected by the growing popularity of synthetic or laboratory-grown diamonds.

Moving on from the serious affair, don’t miss on the beautiful collections of jewellery and watches that will brighten up your day. This and much more in this edition, so Happy Reading!

Design Contest Showcases Swarovski Innovations and Indian Creativity.

Palak jewellers a dealer of “YUG” - branding partner of Swarovski inaugurated store in Durg, Chattisgarh.

The more things change, the more they stay the same is an English translation of a 19th century French saying and is
an apt way to describe the gold market of last year. The average annual dollar gold prices rose a mere 
0.5% in 2017, a stark contrast to all prior years this century which have seen moves (whether up or down) of more than 5% and typically double-digit. We present  the excerpts of annual GFMS survey as a special coverage in this issue.

We are also presenting the annual gold survey by WGC  as  the lead story to  glance back to last year and plan better for this year. 2017 was a challenging year for gold demand, it fell to its lowest level since 2009. Investment and central bank demand accounted for most of the decline.While institutional investors continued to add funds to gold backed ETFs, inflows were a fraction of what we saw in 2016.

Among other articles, we urge you to take a look at Budding Designers folio, where we are presenting profiles of upcoming designers ,who we think are going to earn a name for themselves in the days to come. This is part of our intention of bringing the designers and manufacturers together and bridge the gap between both.

With wedding season approaching, we hope things will improve in coming days. Wishing everyone  happy and prosperous business times ahead.

It is so true that time flies with IBJA in its 6th edition. We have always strived to bring the latest news and developments in the jewellery industry. 

Every year IBJA host India International Bullion Summit every year which plays a vital role in the Indian jewellery industry. The event brings together experts, officials and trade pundits from India and across the world under one. This year too the event will witness eminent speakers discussing on major topics like Spot Gold Exchange, Gold policy, emphasis on best practices and much more.

Like every issue, this edition also promises good and informative content that you are looking for. Recently the cabinet approved New Bill to ban Unregulated Deposit Schemes and our cover story on the same will give a comprehensive report on how the bill is aimed at tackling the menace of illicit deposit-taking activities in the country. A must read…

We could steal some precious time from our dynamic leader Mohit Kamboj who is the National President of IBJA. In an exclusive interview, he talks about the vision and latest initiatives of the association.

Last but not least, this edition will also see how some budding designers paving their way into the world of jewellery.

So grab on to the latest edition and Happy Reading….

It doesn’t matter if a magazine is carried to your doorstep or to your computer, whether it is printed on glossy paper or on low-quality paper, seeming on tablet screen or a phone screen,  it is still and primary the work and effort of an editorial team for a sharp audience, a beautiful and meaningful we hope package of ideas, words and images that a group of experts prepares for its readers.

We are well aware that technology plays a vital role in proficiently delivering news and stories to computers and electronic devices, but magazines are all about the context in terms of how ideas are presented in relation to one another and within a larger viewpoint. Magazines are about belief, authenticity, credibility and partnership: We will strive always to keep you engaged with latest news, trends and developments in the jewellery industry.

IBJA has grown in its reach, stature and reputation over the years since its creation with great pioneers leading the path of success. This year Mohit Kamboj ji has taken the baton from Mukesh Mehtaji as new National President for IBJA and my heartiest congratulations.

The fifth edition of IBJA Times is rich with information on GST, Gold Trends in 2018, and much more. So, grab on to your latest copy.  Enjoy the read!

Indian jewellery industry has come a long way and it has set its sights on the bigger, international level. Today the industry stands truly global that does not havet to shift into reverse and focus on only the domestic market. But this does not mean that India obsession with gold will plunge. But, to think about when we say it as ‘obsession’, is it true or it is an impersonate of ‘Weakness’? Well it  is an debatable statement and for this issue our cover story will give you the essence what actually gold is for Indians.A must read article.

After an interval of three years ‘God’s Own Country’, Kerala saw its own Kerala Jewellery Show. The first edition received and overwhelming success with national level participation. The special report on KJS will tell you the tale of its victory in terms of its exhibitors, visitors, latest collections showcased and much more.

Get the ephemeral about  direct versus indirect taxes, importance of each taxes, difference between those taxes and advantages by our guest writer who himself is an ocean of knowledge shares his views and talks about it in detail.

Finally, the mandatory hallmarking of gold is making its way to industry and the working to fortify the required infrastructure which also includes testing labs. It is once again an achievement for IBJA, the based on the representation of IBJA, the Govt agreed on compulsory hallmarking of 24 carat jewellery apart from 14, 18 and 22 carats.

We hope you enjoy this issue too with right and interesting  information loaded. Happy Reading!

The government’s decision to apply the Prevention of Money Laundering Act, (PMLA) 2002 was a surprising move which stumped the industry. Most of the jewellers believe anti-money laundering rules will dampen the jewellery sales during the festive season.  We hope the govt understands the gravity of the issue and act accordingly. Our cover story on money laundering will give you and exact definition of the law, how it will affect the industry and views of industry experts.

This edition also throws some light on platinum market forecast which is expected to remain in balance this year. The report incorporates analysis of platinum supply and demand for the full year and the second quarter of 2017.

The 14th edition of India International Gold Convention 2017 which concluded on a positive note witnessed over than 400 delegates participation from 20 countries and 55 speakers expressed their viewpoints in the panel discussions and various other programmes. Read on to know more…

With the festive season around, our design gallery with the latest collection will be a visual treat so don’t miss it.
May the brightness of the lamp will your life with happiness. Wishing all my readers a very happy Diwali in advance.

Progress is impossible without change…..

Let me start with thanking our readers for supporting and accepting the 1st edition of IBJA Times. New times demand new things and our jewellery trade too follows the same train of thoughts.  We live in the midst of various social, economic as well as political transformations and these times call for changes are necessary for any trade for its growth and success. GST is one such policy which that will integrate the economy and provide for a common national market.

GST for gold has been fixed at 3 per cent and the making charges have been curbed to 5 per cent by the govt, which is a praiseworthy decision by our govt and we welcome the move. It is a breath easy for the jewellers and IBJA had played a vital role and had requested the Govt to keep the same tax structure. There will be many query and clarifications with regard to GST, therefore don’t miss ‘FAQ on GST’ segment in this issue.

Our regular columns like news, special reports will keep you updated and the gallery will be a visual treat, so don’t miss your copy and read on. We welcome your suggestions and feedbacks.

Enjoy your read…..

The inaugural issue presents the story of India Bullion and Jewellers Association from its inception, initiatives and how IBJA played a key role in Indian gem and jewellery industry. Other articles include a special report on recently concluded IIJS Signature, The Bangkok and Hong Kong exhibitions. The management articles helps you to formulate strategies to manage your top management effectively. In Store design, we present you, France’s top jewellery retailer Histoire d’Or store in Paris. Other regular features News, Events, ShowCase etc providing you with the latest content carefully compiled for you.

We hope you would enjoy our Inaugural Edition.

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A bi-monthly, IBJA Times will provide authentic and accurate information on the happenings of gem and jewellery industry in India, in addition to the activities of IBJA. We would want the magazine to be interactive and have created special sections like ‘Ask the Expert’ where members can get answers for their queries related to the business, government policies etc answered by an expert panel set up by IBJA.

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IBJA times - August / September 2018

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