Can India play a pivotal role in international gold price fixing?

Currently the London Gold Fix  is the main authority in deciding the gold prices worldwide.  Although India is the second largest consumer of gold in the world, India has no say in global gold price fixing. Can this situation change? What steps should India take immediately to command a role in gold price fixing? Read about this in our cover story.

Also read the special report on how Chennai based Lalithaa Jewellery’s misleading advertisements have upset the ethos and credibility of the jewellery industry. Plus our regular columns and features.

Jewellery sparkles on Akshay Tritiya, despite price hike

Jewellery sparkles on Akshay Tritiya, despite price hike The jewellers kept their fingers crossed with the thought that the sharp rise in gold prices in the past couple of weeks might keep the buyers at bay but surprisingly rising gold prices did not deter buyers from buying on strong investment demand, but gradually prices are weakening as fundamentals are turning bearish. FED has indicated that it will keep interest rates higher for a longer period of time, as inflation has turned sticky and is still above the 2% target.

The market is expecting only two rate cuts this year in September and December, which is a tailwind for gold prices. It seems Gold prices have topped out in the short-term and could retrace back to Rs 70000 unless there is some new geopolitical tension emerging.”

This year’s Akshay Tritiya started on a positive note says Saurabh Gadgil, Chairman and Managing Director, PNG Jewellers. “There has been a steady increase in footfalls since morning. High gold prices have not been a deterrent similar to what we experienced during Gudi Padwa. Sales numbers are looking strong for the first half but today being a working day we expect the footfalls and corresponding sales to increase further in the later part of the day. People are also coming in to pick up their pre-ordered purchases.” He add, “Demand for heavy jewellery, bullion and coins remains strong. Diamond jewellery is surprisingly doing very well too! Overall this year’s Akshay Tritiya sales will be in line with industry expectations.”

IIJS Tritiya hailed as the ‘Gateway to Global Gem & Jewellery Exports’, concludes on a positive note

IIJS Tritiya was hailed as the gateway for ‘Gateway to Global gem & jewellery Exports’ by the distinguished dignitaries during the inauguration. The inaugural was graced by Dr. Selvakumar, IAS, Principal Secretary, Industries and Commerce, Govt. of Karnataka; Dr. B Govindan, Chairman, Bhima Jewellery; Vinod Hayagriv, MD & Director, C. Krishniah Chetty Group; Vipul Shah, Chairman, GJEPC; Dr. Chetan Kumar Mehta, President, Jewellers Association Bengaluru; Kirit Bhansali, Vice Chairman, GJEPC; Nirav Bhansali, Convener-National Exhibitions, GJEPC and Member of Committee of Administration (COA), GJEPC; and Sabyasachi Ray; ED, GJEPC.

At IIJS Tritya, India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) unveiled “Brilliant Bharat” theme for the next six India International Jewellery Shows (IIJS). IIJS shows help Indian exporters attract international buyers and sourcing consultants to the best global branded retailers.

IIJS Tritiya An Exceptional Platform in South India, Second Edition To Be Held From  5th To 8th April 2024 at BIEC, Bangalore.

IIJS Tritiya, the third exhibition under the IIJS banner, stands out as an exceptional platform in South India that brings together renowned jewellery manufacturers, retailers, wholesalers, and industry professionals under one roof. It showcases an extensive range of gold jewellery collections that reflect the rich heritage and craftsmanship of India’s jewellery industry.

IIJS Tritiya goes beyond being a mere exhibition; it creates an environment that fosters networking, collaboration, and knowledge exchange within the Indian jewellery industry. The event facilitates interactions between manufacturers, retailers, and industry experts, allowing them to forge meaningful connections, discover new business opportunities, and stay updated on the latest market trends. 

Concurrent show - India Gem & Jewellery Machinery Expo (IGJME) Tritiya, Bengaluru 2024.

Championing Talent: GJEPC’s Artisan Jewellery Design Awards celebrate & honour design & craftsmanship

The World Gold Council’s Gold Demand Trends report reveals that annual gold demand (excluding OTC) fell to 4,448t in 2023, down just 5% from a notably strong 2022. When factoring in demand from the OTC markets and other sources, total demand climbed to a new annual record at 4,899t. Investment from this more opaque source of demand supported 2023’s highest annual average gold price on record.  

The central bank buying streak continued on from 2022 at a blistering rate. Demand reached 1,037t last year, making it the second highest on record, down just 45t on the previous year. In contrast to robust OTC and central bank demand, ETF outflows continued in 2023, losing 244t in a third consecutive year of decline, with outflows in Europe dominating the picture.   

Diamond sales were sluggish in January amid limited restocking following the holiday season. Prices of rounds continued to increase as select categories were in short supply following India’s two-month freeze on rough imports, which ended December 15. This trend will likely continue until inventories become too large. However, buyers were reluctant to close deals at these prices. US dealers mostly bought for immediate demand and not for inventory. Sales in mainland China remained slow.

Gem & Jewellery industry will play a key role in making Maharashtra USD 1 trillion economy:  Dr. Devendra Fadnavis Dy. Chief Minister, Maharashtra during inauguration of IIJS Signature

Recently Prime Minister, Narendra Modi inaugurated the commencement of the Bharat Ratnam Mega CFC at the SEEPZ SEZ in Mumbai in virtual mode. Bharat Ratnam Mega CFC is a Socio-economic project promoted by the Ministry of Commerce and Industry, GJEPC India and SEEPZ SEZ authority to drive exports from the country. This project aims at creating a world-class infrastructure for promoting the inherent skills of the gems & jewellery manufacturing industry. The Mega Common Facilitation Centre provides a supportive and collaborative environment for entrepreneurs, MSMEs and small businesses to grow and thrive.

On the other hand, in a historic moment the Gem & Jewellery Export Promotion Council (GJEPC) and the Government of Maharashtra marked a significant milestone with the official signing of a Memorandum of Understanding (MoU) during the World Economic Forum 2024. The agreement paves the way for the development of India’s first and largest Jewellery Park in Navi Mumbai.

India’s Gold Market Reform and Growth

Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse, the world’s largest and modern centre for international diamond and jewellery business. Modi inaugurated Surat Diamond Bourse shortly after inaugurating a new integrated terminal building at the Surat airport, which is equipped to handle 1,200 domestic passengers and 600 international passengers during peak hours and has a provision for further increasing the peak hour capacity to 3,000 passengers with the annual handling capacity increasing to 55 lakh passengers.

GJEPC has successfully enlisted the IIJS Signature 2024 Exhibition under the “Procurement and Marketing Support” scheme of the Ministry of MSME. The scheme provides financial assistance to micro and small enterprises for participating in domestic and international trade fairs and exhibitions. As a result, the eligible exhibitors can now avail themselves of a grant of  `1.50 lakh each, which will help them cover costs and enhance their visibility and competitiveness in the global market.

Jewellery Sales Soars by 20% this Diwali - Dhanteras

Maharashtra Minister of Industry Uday Samant during his visit to GJEPC and Bharat Diamond Bourse announced that the State has taken a decision to allocate additional land adjacent to the Park for India Jewellery Park workers’ residence. India’s first-ever Jewellery Park in MHAPE (Navi Mumbai), spread over 21 acres is expected to create one lakh new jobs. 

The World Gold Council’s Q3 Gold Demand Trends report reveals that support for the asset continues as central bank buying maintains a historic pace, bringing quarterly gold demand (excluding OTC) to 1,147t, 8% ahead of its five-year average. According to the World Gold Council’s data series, central banks saw the third strongest quarter of net buying, reaching 337t. Although shy of breaking the Q3 2022 record, year-to-date demand has reached 800t, a new record for our data series. This strong buying streak from central banks is expected to stay on course for the remainder of the year, indicating a robust annual total again in 2023.

GJS diwali edition concludes successfully

The Gem & Jewellery Export Promotion Council (GJEPC) welcomed a high-level G7 delegation that came to India from 27th to 29th September 2023. The delegation comprised members from the U.S. State Department, U.S. Department of Treasury, European Commission, Prime Minister’s office of Belgium, Foreign Trade Department of Belgium, and the Japan Embassy in India. 

The delegation visited Mumbai and Surat to learn more about the Indian gem and jewellery industry to explore ways of helping it meet G7 sanctions requirements with minimal or no disruption to the sector.

The G7 delegation met and Indian trade members, represented by GJEPC and the Bharat Diamond Bourse (BDB). The G7 delegation expressed their intent to gain insights into the industry’s ground realities and identify potential approaches to sanctions compliance and implementation. In response, GJEPC reaffirmed its commitment to facilitating cooperation to address the G7’s concerns with regards to industry compliance.

GJS - The Diwali Edition Ideal destination for sourcing before the festive season.

GJS - INDIA GEM & JEWELLERY SHOW 2022 is the one of the largest trade show and exhibition for the jewellery and gems industry. GJS - INDIA GEM & JEWELLERY SHOW 2022 will be held from 03- 06 April 2022 at JIO World Convention Centre - JWCC Mumbai, India.

To further jewellery promotion in India, GJC proudly presents it’s 1st B2B Jewellery Expo (GJS - INDIA GEM & JEWELLERY SHOW 2022) in Mumbai. GJS 2022 will comprise the top of the line manufacturers/wholesalers of Gems & Jewellery as well as dealers from all over the industry. 

GJS 2022 will assemble the best retailers, wholesalers, manufacturers, traders, and delegates from across India. GJS 2022 (INDIA GEM & JEWELLERY SHOW 2022) endeavors to be the ultimate sourcing platform for doing business and a must-attend for every jeweler interested in the Indian market. GJS 2022 will include the participation of a large number of exhibitors from India.

GJEPC’s IIJS Premiere 2023 held at two venues simultaneously,  generates  highest-ever business of over  Rs. 70,000 crore: A resounding Success!

GJEPC’s IIJS Premiere 2023 held at two venues simultaneously, generates highest-ever business of over Rs. 70,000 crore. IIJS Premiere 2023 continues to impress with its remarkable statistics and impressive offerings, bringing together the world’s gems and jewellery industry in a dazzling extravaganza that showcases the very best in craftsmanship, innovation, and global connections.

The World Gold Council’s latest Gold Demand Trends report reveals that gold benefited from record central bank buying in the first half of the year and was supported by healthy investment markets and resilient jewellery demand. Gold demand (excluding OTC) dropped by 2% y/y to 921t during Q2, although total demand (inclusive of OTC) was up 7% y/y, pointing to a solid gold market globally.  

Second quarter central bank demand was down y/y to 103t, primarily driven by net sales in Turkey due to country-specific political and economic circumstances. However, central banks bought a first half record amount of 387t, and quarterly demand is in line with the longer-term positive trend – indicating that official sector buying should remain strong throughout the year.  

IIJS Premiere 2023 : Get Ready to Experiaence an Upgraded Version

Experience IIJS Premiere 2023, the world’s second largest show, at the prestigious Jio World Convention Centre (JWCC) in Mumbai, where international visitors will be spellbound, along with the Bombay Exhibition Centre (BEC) as a vibrant haven. Brace yourself for a double dose of excitement, featuring a staggering 1850+ exhibitors, an astonishing 3250 stalls, and an anticipated attendance of over 35,000 trade visitors from 800+ cities in India and a whopping 80+ countries.

The JWCC venue, located next to Bharat Diamond Bourse, the world’s largest diamond repository, showcases specialised product sections dedicated to Loose Stones (Diamonds) and Lab-Grown Diamonds (both Loose and in Jewellery). In addition, it offers sections dedicated to Diamond, Gemstone, and other Studded Jewellery, as well as Gold and Gold CZ Studded Jewellery. The venue also features laboratories and educational facilities for diamond and loose stone studded, along with participation from international companies.

IBJA’s Silver Show of India (SSI) exceeds expectations; achieves commendable success

After two successful edition in Banglore, the largest ever silver exhibition “Silver Show of India (SSI)” 3rd edition held in Mumbai BKC at JIO Convention Centre, from 8th June till 11th June, 2023, which showcased exquisite artistry and timeless elegance in the world of silver craftsmanship.
  
The inauguration was graced by Chief Guest Mangal Prabhat Lodha, Ministry of Tourism, Skill Development and Entrepreneurship and Women and Child Development, GoI; Guest of Honours Mangesh Kudalkar, Member of Legislative Assembly Mahrashtra; Dr T A Sharavana, MLC Karnataka Govt, Deputy Floor Leader - Legislative Council and Chairman Shree Sai Gold Palace; Prithviraj Kothari, National President, IBJA; Dr Chetan Kumar Mehta, National Vice President, IBJA; Surendra Mehta, National Secretary, IBJA.

Union Minister Piyush Goyal felicitates top exporters at the 49th India Gem & Jewellery Awards (IGJA)

The Gem and Jewellery Export Promotion Council (GJEPC) organised the 49th edition of the India Gem and Jewellery Awards (IGJA) in Mumbai. Chief Guest Piyush Goyal Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Government of India, felicitated 27 top Gem and Jewellery exporters during the award ceremony. Welcoming all the dignitaries, Vipul Shah, Chairman, GJEPC, congratulated Union Minister Piyush Goyal for the monumental achievement of $770 billion in aggregate exports combining both merchandise and services from India for the financial year 2022-23.

In a grand event held in Mumbai, the Gem and Jewellery Export Promotion Council of India (GJEPC) unveiled the winners of the highly anticipated 6th edition of Artisan Awards 2023, the country’s esteemed jewellery design competition. This prestigious event, organized by GJEPC, showcased the exceptional talent and creativity of jewellery designers from across the nation and around the world.

Consumers showed up to the shops and purchased jewellery despite hiked jewellery prices during Akshaya Tritiya

Akshaya Tritiya is considered an auspicious occasion to buy gold as it is believed to bring prosperity and good luck. However, this year, during this season the jewellers were assuming that sales of the jewellery will not be as expected since the gold prices hover above Rs 60,000 per 10 gram; but unexpectedly it turned out to be good one as on the day of Akshaya Tritiya despite heavy gold prices consumers showed up to the shops and purchased jewellery. Additionaly, with the rising gold prices the demand for the light-weight jewellery was anticipated. 

3rd Edition of “India Gem and Jewellery Show (GJS)” concludes with commendable business of 60 to 80 tons even with increased Gold Price. More than 15,000 domestic and International buyers contributed the success of GJS with the business of 60 to 80 tons in this show.

The India International Jewellery Show - IIJS Tritiya, which recently concluded, saw the participation of over 800 exhibitors and showcased more than 1,500 stalls. The GJEPC aims to further raise India’s overall gem and jewellery exports from USD 40 billion to USD 75 billion by 2030.

All India Gem and Jewellery Domestic Council, is looking forward to the 3rd edition of GJS - India Gem and Jewellery Show scheduled from 7th to 10th April 2023 at Bombay Exhibition Centre (NESCO), Mumbai. GJS will comprise the top-of-the-line manufacturers/wholesalers of Gems and Jewellery retailers and stockists as well as dealers from all over the industry.

The inaugural edition of IIJS Tritiya to take place in Bengaluru from 17th to 20th March 2023.

Jewellery industry shared mixed reactions to Union Budget 2023. While most of the players applauded the well-balanced Budget but the major demand of the sector to reduce the import duty on gold was not addressed by Finance Minister. The reduction in gold duty in this Budget was a big expectation, which has severely hampered the industry and has encouraged smuggling and grey market.  The Budget boosted the prospects for lab grown diamonds and signalled possibilities that the industry could ride on this growth opportunity.

With IIJS Tritiya, the gold drive is on the roll despite the volatile gold prices . All eyes are on the upcoming wedding season to prove the much needed flip to the demand . 

The Tanishq benchmark of sales and figures has reflected a buoyant buying sentiment for the year.

Union Budget 2023-24: GJEPC seeks jewellery repair policy to make India a global outsourcing service centre and hub

For the Union Budget 2023-24, GJEPC has recommended a series of suggestions across verticals of gem and jewellery (G&J), which would help in propelling the exports from the sector and achieve the goal of USD 55 billion in G&J exports by 2025. GJEPC has sought reduction in Import Duty on gold, silver and platinum to 4% as a prime recommendation in their wishlist to the Government of India. GJEPC believes that this import duty is draining off the capital from the exporters and is the generator of economic malpractices of all kind.

As The Art of Jewellery celebrates its 22nd Anniversary, a look back at our major milestones reveals the determination which we have been offering cutting edge information,news and analysis to this amazing and ever growing jewellery industry. Most importantly, we say thank you to all our readers and advertisers who have remained our constant source of support.

IIJS Signature is India’s top-of-the-line jewellery show by the GJEPC.

This time, IIJS Signature will be as large as the IIJS Premiere, which is usually held in August each year. Given the bigger format of the show, Signature has been extended to 5 days instead of 4, so that visitors and exhibitors are not hard-pressed for time to cover the entire show floor. IIJS Signature will accommodate more than 1300 exhibitors spread over 2400+ booths.

Speaking about the new and improved aspects of IIJS Signature 2023, Mr. Nirav Bhansali, Convener, National Exhibitions, GJEPC said, “IIJS Signature is perfectly timed to replenish inventory for the upcoming jewellery-driving festivals.”

IIJS Signature team travels across the world, inviting buyers for the upcoming show 

India’s robust gem and jewellery export performance in the first six months of the financial year 2022-23 has helped to maintain growth for the period April to October 2022, despite a sharp dip in exports in the month of October 2022. The decline in exports in the month of October or November is a seasonal trend consistent with previous years as manufacturing activities are either limited or units are closed because of the Diwali season. Traditionally, a spike in exports is seen once again post the Diwali holiday period. 

The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the third quarter of 2022 hit 1,181 tonnes, up 28% year-on-year. Strong demand pushed the year-to-date total to its pre-COVID levels. Gold demand was bolstered by consumers and central banks, although there was a notable contraction in investment demand.

India Jewellery Retail Market Moving Towards Robust, Organised Eco-System; Chain Store Share Rises To 35%: WGC Report

The World Gold Council launched a report titled ‘Jewellery market structure’, as part of a series of in-depth analysis on the Indian gold market. The report highlights a notable shift in India’s gold jewellery market over the past few years, catalysed by changes in consumer behaviour and government regulations. While small independent retailers still dominate the landscape, the market share of chain stores (national and regional) has increased steadily over the last decade. In contrast to the retail jewellery trade, changes at the manufacturing level have been relatively slower but as the market continues to develop, organised retail and manufacturing operations are well-poised to see their market share grow.

For the cumulative period of April – September 2022, the overall gross exports of gem & jewellery witnessed a growth of 12.82% to Rs.  161545.06 crores (6.31% in dollar terms to US$ 20580.11 million) as compared to Rs. 143187.15 crores (US$ 19359.01 million) for the same period last year. With this the gem & jewellery sector has managed to achieve 45% of the total export target of USD 45.7 billion for the year 2022-23.

Mega Inauguration of 4th Edition of South Jewellery Show  - SJS 2022

A grand inauguration was held at Tripura Vasini Palace Grounds, Bengaluru today. The Chief Guest at the mega ceremony was Murugesh R Nirani Minister of Large & Small Scale Industries. Guest of Honours were Prithviraj Kothari National President – IBJA and T. A. Sharavana, MLC – Government of Karnataka . The B2B show is organised by GES India Inc and powered by Jewellers Association Bengaluru (JAB)

GJEPC, recently elected its new Board of Committee of Administration (COA) members for the tenure of 2022 to 2024. Vipul Shah is the new Chairman and Kirit Bhansali is new Vice Chairman.

IIJS Premiere 2022 creates history  records 50,000 visitors; expected to generate business worth Rs. 50,000 crore

The Gem and Jewllery Export Promotion Council’s flagship show IIJS Premiere held from 4th to 8th August in Mumbai saw a record number of visitors which will generate business worth Rs. 50000 crore to exhibitors in the coming 4 – 6 months. 

A wave of pride and patriotism spread across the aisles of IIJS Premiere 2022. Joining the mass movement of “Har Ghar Tiranga”, under the initiative of Honorable Prime Minister’s Azadi Ka Amrit Mahotsav campaign, to celebrate the 75th year of India’s Independence, the Council and all the 1790 exhibiting companies displayed the National Flag at every booth and aisle at the show.

Get ready to experience the most coveted gem and jewellery show of the year: IIJS Premiere 2022

IIJS Premiere 2022, the most coveted show of the year, is all set to welcome buyers and visitors from across India and different parts of the world from 4th to 8th August 2022 at Bombay Exhibition Centre, Goregaon, Mumbai. This 38th edition of IIJS Premiere will witness more than 1700 exhibitors, showcasing a range of products including Gold and Gold CZ Studded Jewellery; Diamond, Gemstone and Other Studded Jewellery; Loose stones, CVD; Silver Jewellery, Artefacts and Gifting Items; Laboratories and Education; and Machinery and Allied, etc. 

GST Council, in its 47th meeting held on 28th and  29th June 2022, has come up with revisions in GST rates for a series of products. With regards cut & polished diamonds, the GST has been increased from 0.25% to 1.5% (effective 18th July 2022), which the diamond sector has welcomed as it resolves their issue of ITC accumulation being faced on account of inverted duty under GST Regime.

The Natural Diamond Council Launches The Second Edition Of Their Jewellery Trend Report

The Natural Diamond Council and United Arab Emirates launched the second edition of the jewellery trend report offering insights and predictions on the natural diamond jewellery that is set to make statements in 2022. NDC dedicated towards increasing transparency and upholding the integrity of the modern natural diamond industry, announced a collaboration with Malabar Gold & Diamonds, Jawhara Jewellery, and La Marquise Jewellery – three of the leading jewellers in UAE to advocate the ‘Natural Diamond Dream.’

India’s rough imports rose 14% to $1.43 billion in May as the country sought to offset the decline in Russian rough supply. Polished exports grew 4% year-on-year to $2.09 billion, according to the data from Gem and Jewellery Export Promotion Council. Both measures had declined in April. The government is targeting 17% growth in all gem and jewellery exports in the current fiscal year that ends March 31,2023.

Akshay Tritiya adds sheen to jewellery sales

This year Akshay Tritiya adds sheen to the jewellery sales. The jewellery industry was glad to see the response they received for this years Akshay Tritiya as the business saw pre-pandemic level scale. Although there was hike in the gold price the consumers went ahead and made a purchase of their favourite gold jewellery on this auspicious day.

For the recent months there have been many activities happening in the jewellery industry which are definately leading the industry towards growth. The flagging-off ceremony of India-UAE Comprehensive Economic Partnership Agreement (CEPA) was held in New Delhi recently. The landmark agreement has come into force by flagging off the first-three consignments of jewellery from New Delhi to Dubai which would be getting zero duty market access.

GJC’s first-ever B2B Expo hits the right chord among the retailers and is a mega hit!!

Nitin Gadkari, Union Minister for Road Transport & Highways, Govt. of India;  Raosaheb Danve, Minister of State for Railways, and Singer Anup Jalota graced the occasion.

All India Gem and Jewellery Domestic Council (GJC), the apex industry body representing the jewellery sector in India organized its first-ever mega B2B expo “India Gem & Jewellery Show, GJS 2022 which turned out to be a great success. The expo was held from 3rd to 6th April at Jio World Convention Centre – JWCC Mumbai.

The four-day event was graced by Nitin Gadkari, Union Minister for Road Transport & Highways, Govt. of India; Raosaheb Danve, Minister of State for Railways, and Singer Anup Jalota.

Inaugural edition of GJS generates huge interest

It gives an immense pleasure to tell you that your favourite jewellery magazine ‘The Art of Jewellery’ has been honoured with “Best Bullion & Jewellery Magazine” the most prestigious IBJA Award for the 4th year in a row. It was only possible due our excellent team work, dedication and efforts. A very big congratulations to team AOJ for all the hard work and support and our humble, heartfelt gratitude to IBJA jury, our readers and advertisers for your continuous faith and support. 

As a team we assure that in future we would deliver excellent service to our readers and industry friends.  

Another good news is that National Stock Exchange of India Ltd (NSE) is pleased to announce that NSE and India Bullion and Jewelers Association Ltd (IBJA) will soon launch the Domestic Bullion Spot Exchange as per SEBI guidelines.  

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

The 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.

Jewellery trade bodies urge FM to reduce GST rate and Import duty on gold , increase PAN card limit to Rs 5 lakh in Budget 2022

As we entered in the new year, it has hit us again with the new variant Omicron and once again has halt the industry to certain extent. However, the jewellery industry is going on and is all set to put forth their demand to the FM (Finance Minister) in the upcoming Budget 2022-2023 in terms of making the jewellery industry much better.  

Very recently the jewellery industry trade bodies urge FM to reduce GST rate and import duty on gold, and also increase PAN card limit to Rs 5 lakh in Budget 2022. 
GJC has sought to reduce the GST rate on jewellery to 1.25 per cent from 3 per cent now in the upcoming Budget.

It also has urged the FM to raise the PAN card limit from Rs 2 lakh to Rs 5 lakh citing that many households in rural India do not hold PAN cards and face difficulty in arranging minimum required jewellery in times of need especially post-pandemic. On the other hand, GJEPC proposes a series of measures as part of G&J Packages for the upcoming Budget for fiscal year 2022-23.

Back-to-back exhibitions a boon or bane?

Exhibitions have bounced back after a very long halt. IIJS Signature was the first mega event that took place post pandemic and its success with new venue was one of the turning point. From then onwards many exhibitions have taken place and further more are set to take place. However, too many exhibitions are boon or bane will be explained in our exclusive coverstory.
 
The World Gold Council (WGC) launched a report titled ‘Bullion Trade in India’, as part of a series of in-depth analysis on the Indian gold market. The report highlights how, with very little mining and modest levels of recycling, India is heavily reliant on bullion imports to meet its domestic demand. Indian official imports have continued to grow despite high import duty, with official imports averaging 760 tonnes since the first duty hike in 2012.

May 2024

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The Art of Jewellery is India's No. 1 business magazine on the jewellery trade and industry. A one-stop source of cutting-edge information for the Gems and Jewellery sector, it is reputed for its focused content, high editorial standards, creative design, rich imagery and state-of-the-art printing.

Now in 14th year of publishing, it has won many awards and rich accolades for its contribution to the jewellery industry and trade. It is widely recognized by readers, advertisers, and the jewellery community as a premier magazine in the industry. It reaches quality jewellery retailers in India and overseas and has an extended reach during exhibitions and trade fairs.

The Art of Jewellery has a tremendous web and digital presence and is a pioneer in providing daily news updates on national and international happenings. AOJ Daily – E news capsule reaches more than 80,000 industry players on daily basis.

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HPJ Special Issue

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GJIIF 2022 Special - September 2022

Sixty Incredible Years Of K Srinivasan

IIJS Signature Special Issue - February 2022

IIJS Showstopper Collections, July 2018

IIJS SPECIAL ISSUE 2016

IIJS 2015 Special Issue

1. Magzter.com'un, uygulamanın ve hizmetlerinin kullanımının riskinin tamamen size ait olduğunu kabul etmektesiniz. Ne Magzter.com, ne ortakları, ne çalışanları ne de üçüncü taraf içerik sağlayıcılar, hizmetin tamamen kesintisiz veya hatasız olacağını veya kötü niyetli faaliyetlere karşı kusursuz olacağını garanti etmez. Web sitesi veya ürün tarafından beklendiği veya vaat edildiği gibi kesin sonuçları alacağınızı da garanti etmezler.

11. HİZMET VE TÜM YAYINLAR 'OLDUĞU GİBİ' VE 'MEVCUT OLDUĞU GİBİ' TEMELİNDE SUNULUR. MAGZTER, İŞTİRAKLERİ, TEDARİKÇİLERİ, LİSANS VERENLER VE TEMSİLCİLERİ, SATILABİLİRLİK, BELİRLİ BİR AMACA UYGUNLUK VE İHLAL ETMEME İLE İLGİLİ ZIMNİ GARANTİLER DAHİL ANCAK BUNLARLA SINIRLI OLMAMAK ÜZERE, AÇIK VEYA ZIMNİ HER TÜR GARANTİYİ AÇIKÇA REDDEDER. YUKARIDA BELİRTİLENLERİ SINIRLAMAKSIZIN, MAGZTER NE BAĞLI KURULUŞLARI, TEDARİKÇİLERİ, LİSANS VERENLER VEYA TEMSİLCİLERİ (I) HİZMETİN GEREKSİNİMLERİNİZİ KARŞILAYACAĞINA, (II) HİZMETİN KESİNTİSİZ, ZAMANINDA, GÜVENLİ VEYA HATASIZ OLACAĞINA, ( III) HİZMETİN KULLANIMINDAN ELDE EDİLECEK VEYA YAYINLARDA BULUNABİLECEK BİLGİLERİN DOĞRU VEYA GÜVENİLİR OLACAĞI VEYA (IV) HERHANGİ BİR YAYININ VEYA HİZMETİN KALİTESİ BEKLENTİLERİNİZİ KARŞILAYACAKTIR. GÜVENİLİR İNTERNET BAĞLANTISI VE CİHAZINIZI SAĞLAMAK VE SÜRDÜRMEKTEN YALNIZCA SİZ SORUMLUSUNUZ. MAGZTER, İÇERİĞİ İNDİREMEZSENİZDEN SORUMLU DEĞİLDİR. HİZMETİN KULLANIMIYLA İNDİRİLEN VEYA BAŞKA BİR ŞEKİLDE ELDE EDİLEN HERHANGİ BİR MALZEME, KENDİ TAKDİRİNİZDE VE RİSKİ SİZE AİTTİR VE BİLGİSAYAR SİSTEMİNİZDE VEYA MOBİL CİHAZINIZDA BU TÜR MATERYALİN İNDİRİLMESİNDEN KAYNAKLANAN HERHANGİ BİR HASARDAN VEYA VERİ KAYBINDAN YALNIZCA SİZ SORUMLU OLURSUNUZ. MAGZTER'DEN VEYA HİZMET ARACILIĞIYLA VEYA HİZMETTEN ELDE ETTİĞİNİZ SÖZLÜ VEYA YAZILI HİÇBİR TAVSİYE VEYA BİLGİ HERHANGİ BİR GARANTİ OLUŞTURMAZ.

2. Bu bilgileri doğru, doğru, güncel ve eksiksiz tutmak için koruyacak ve derhal güncelleyeceksiniz. Hesabınızın ve parolanızın gizliliğini korumaktan ve bilgisayarınıza erişimi kısıtlamaktan siz sorumlusunuz ve tüm içerik ve hizmetlerin seçimi ve kullanımı da dahil olmak üzere hesabınız altında gerçekleşen tüm faaliyetlerin sorumluluğunu kabul ediyorsunuz.

3. Magzter.com veya web sitesi ve uygulamadaki içeriğin oluşturulması, üretilmesi ve dağıtılmasında yer alan herhangi bir kişi veya kuruluş veya üçüncü taraf, aşağıdakiler dahil ve bunlarla sınırlı olmamak üzere hiçbir zarardan sözleşmede veya yasal olarak sorumlu tutulamaz: Magzter.com'u kullanırken veya kullanırken maruz kaldığınız doğrudan, dolaylı, tesadüfi, özel ve sonuç olarak ortaya çıkan. Web sitesine kayıt olarak veya uygulamayı indirerek, bu bölümde belirtilen hükümlerin web sitesi ve uygulamadaki tüm kullanım ve içerikler için geçerli olacağını kabul etmektesiniz.

3. Burada yayınlanan her şey Magzter'in veya lisans verenlerinin mülkiyetinde olduğundan, Magzter'in önceden yazılı veya yetkili izni olmaksızın, Magzter'den alınan hiçbir içeriği değiştirmemeli, kopyalamamalı, dağıtmamalı veya satmamalısınız. Bu tür yetkisiz kullanım, telif hakkı ve ticari marka yasaları dahil olmak üzere yürürlükteki yasaları da ihlal edebileceğinden, Magzter bunları kesinlikle yasaklar ve bu tür yasa dışı faaliyetlerin kanıtlanması veya tespit edilmesi durumunda erişiminizi ve hesabınızı sonlandırır. Bu yetkisiz faaliyetlerden kaynaklanan zararlardan da sorumlu olmalısınız. Yayının yasal sahibinin izin verdiği durumlar dışında, Hizmet aracılığıyla erişilen Yayınları indirerek herhangi bir mülkiyet hakkı elde etmediğinizi kabul edersiniz. Telif hakkı yasasının açıkça gerektirdiği veya Hizmetin özelliklerinin izin verdiği durumlar dışında, değiştiremez, tersine mühendislik uygulayamaz, yayınlayamaz, iletemez, görüntüleyemez, devir veya satışına katılamaz, türev çalışmalar oluşturamaz veya herhangi bir şekilde ticari olarak kullanamaz veya sağlayamazsınız. Magzter'in ve söz konusu içeriğin sahibinin açık izni olmaksızın Uygulamanın, Yayınların veya bunların herhangi bir bölümünün içeriğinin üçüncü taraflarca paylaşılması. Size, Magzter veya Magzter'e lisans verenlerin fikri mülkiyetine ilişkin açık veya zımni herhangi bir lisans vermiyoruz.

5. Magzter.com'un diğer kullanıcılara veya üçüncü taraflara veya içeriklerine yönelik herhangi bir iftira niteliğinde veya saldırgan veya yasa dışı davranıştan sorumlu olmadığını ve bunlardan kaynaklanan yaralanma riskinin tamamen size ait olduğunu özellikle kabul etmektesiniz.

 7. Magzter, bu hüküm ve koşullara ve Magzter tarafından belirlenen diğer işletim kurallarına uyup uymadığınızı belirlemek amacıyla sizin tarafınızdan yayınlanan ve girilen içeriği izleme hakkını saklı tutar. Magzter, içerikle ilgili kararlar alma ve bunları kendi isteğiyle silme hakkına sahiptir.

8. Magzter, Yayınların yayıncısı DEĞİLDİR, distribütörüdür ve bu nedenle Magzter'in, dergilerde temsil edilen görüşler, tavsiyeler, beyanlar, hizmetler, teklifler vb. dahil olmak üzere içerik üzerinde herhangi bir editoryal kontrolü yoktur. Bu nedenle Magzter, resmi sıfatlarıyla hareket eden yetkili Magzter çalışanları dışında herhangi biri tarafından sağlanan veya hizmet aracılığıyla sunulan herhangi bir bilgi veya olgunun doğruluğu veya güvenilirliği konusunda sorumluluk almayacaktır. Buna göre, Yayınlar üzerinde herhangi bir editoryal kontrolümüz yoktur. Hizmet tarafından sunulan Yayınlarda yapılanlar da dahil olmak üzere, üçüncü şahıslar tarafından ifade edilen veya kullanıma sunulan her türlü görüş, tavsiye, beyan, hizmet, teklif veya diğer bilgi veya içerik, ilgili yazar(lar)a veya yayıncı(lar)a aittir ve üçüncü taraflara ait değildir. Magzter. Magzter, Hizmet aracılığıyla veya Yayınlardan elde edilen bilgilere güvenmenizden kaynaklanan herhangi bir kayıp veya hasardan sorumlu olmayacaktır. Hizmet, diğer İnternet sitelerine ve üçüncü taraf kaynaklara bağlantılar içerebilir ve Magzter, bu tür bağlantılı sitelerde bulunan iletişim veya materyaller için herhangi bir sorumluluk veya yükümlülük kabul etmez. Bu bağlantılar yalnızca size kolaylık sağlamak için sağlanmıştır. Üçüncü taraf bir siteyi ziyaret ettiğinizde veya bu site aracılığıyla sipariş verdiğinizde geçerli olabilecek tüm hüküm ve koşulları anlamaktan yalnızca siz sorumlusunuz.

 Platformumuzdaki bağlantısı da dahil olmak üzere sakıncalı içeriğin ayrıntıları

 En sevdiğiniz kitapları indirin ve çevrimdışı, her zaman ve her yerde okuyun

 Sevdiklerinize anında bir Magzter Hediye Kartı hediye edin ve onlara en çok satan binlerce başlık arasından en sevdikleri dergi ve gazeteleri okuma özgürlüğü verin.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

Bir Magzter Hediye Kartı ile sevdiklerine anında hediye et ve onlara {{magCount}} en iyi satan uluslararası isimden favori dergilerini okuma özgürlüğü ver.

Girish Ramdas, küresel dijital yayıncılık işinde dalgalar yaratan New York merkezli bir girişim olan Magzter'in Kurucu Ortağı ve CEO'sudur. Magzter, kurulduğu 2011 yılından bu yana dünya çapında 4.500'den fazla yayıncıdan 1000'lerce dergi, gazete ve kitapla 150'den fazla ülkeden 80 milyon kullanıcıyı aştı. Basılı, mobil ve Web geliştirme dahil olmak üzere platformlar arası yayıncılıkta 25 yıldan fazla deneyime sahiptir. Bu süre zarfında, üç başarılı start-up şirketi kurdu ve yönetti. Dergi şirketlerinin dijitalleşmesini sağladı ve dijital dünyadaki içeriklerinden para kazanmalarına yardımcı oldu. Girish'in çevrimiçi, mobil ve yayıncılık ekosistemlerindeki derin sektör deneyimi, onu dünya çapındaki platformlarda dijital içerik edinme, pazarlama ve paraya çevirme konusunda uzman yaptı.

 Platformumuzda sakıncalı herhangi bir içerikle karşılaşmanız durumunda, endişelerinizi gidermek için bir şikayet giderme politikası oluşturduk.

Magzter Inc. (“Şirket”, “biz”, “bize” veya “bizim”) kişisel bilgilerinizin nasıl kullanıldığını ve paylaşıldığını önemsediğinizi bilir. Gizlilik uygulamalarımız hakkında daha fazla bilgi edinmek için lütfen aşağıdaki gizlilik politikasını (“Politika”) okuyun.Şirket tarafından işletilen web sitelerinden herhangi birini ve bunların alt alanlarını ziyaret ederek veya mobil uygulamalarımızdan ve diğer içerik dağıtım yöntemlerinden herhangi birini kullanarak(toplu olarak “Hizmet“), belirtilen uygulamaları ve politikaları kabul ettiğinizi kabul edersiniz.bu Politikada yer alır ve bilgilerinizi aşağıdaki şekillerde toplayacağımıza, kullanacağımıza ve paylaşacağımıza işbu vesile ile izin vermiş olursunuz.

Magzter Inc., kurulduğu 2011 yılından bu yana 80 milyondan fazla kullanıcısı ve 40'tan fazla kategoride ve 60'tan fazla dilde binlerce dergi ve gazeteyle dünyanın en büyük ve en hızlı büyüyen self servis, platformlar arası dijital gazete bayisidir. Merkezi New York'ta bulunan Magzter'in Amsterdam, Londra, Mexico City, Chennai, Mumbai, Yeni Delhi, Bengaluru, Singapur'da yerel varlığı bulunmaktadır ve yakında diğer ülkelere de yayılacaktır. Haziran 2011'de küresel girişimciler Girish Ramdas ve Vijay Radhakrishnan tarafından kurulan Magzter, dünyanın dört bir yanındaki dergi ve gazete yayıncılarının kitaplarının dijital baskılarını oluşturup küresel tüketicilere ulaştırmasına olanak tanıyor.

 Magzter, kullanıcılarımız için güvenli ve emniyetli bir platform sağlamaya kendini adamıştır. Lütfen Magzter'in yalnızca yayıncıların içeriklerini dağıtmaları için bir platform olduğunu unutmayın. Platformumuzda yayınlanan içeriği kontrol etmiyor veya desteklemiyoruz. Yayıncılarımızın eylemlerinden veya içeriklerinden sorumlu tutulamayız.

Magzter, haklarını ihlal eden herhangi bir içerik veya içeriğin bir kısmı nedeniyle zarar gören veya masrafa maruz kalan tarafları tazmin etmekten sorumlu değildir. Magzter, üçüncü şahısların haklarını ihlal eden herhangi bir içerikten veya içeriğin bir kısmından kaynaklanan herhangi bir hak ihlali nedeniyle hukuk mahkemesinde herhangi bir yasal işlem başlatmakla yükümlü değildir.

Magzter, dijital okuyuculara aylık abonelik ücreti karşılığında 8.000'den fazla dergi ve gazeteye sınırsız erişim sağlayan Magzter GOLD adlı dünyanın en büyük All- You - Can - Read abonelik hizmetini sunuyor.Magzter ayrıca, akıllı telefon ve küçük ekranlı mobil kullanıcıların dergi içeriğinin keyfini çıkarması gerektiği gibi, makale metniyle keyfini çıkarmasını sağlayan, uygulamaları için ezber bozan ezRead 2.0 özelliği ile dünyadaki en fazla sayıda hikayeye sahiptir.okunması kolay ve buna çarpıcı videolar ve yüksek çözünürlüklü fotoğraflar eşlik ediyor.

İsim

İçeriğini Magzter'da yayınlamakla ilgili herhangi bir yardıma ihtiyacın varsa lütfen bu formu doldur

 Magzter'den önce Dot Com Infoway (DCI) ve Galatta Media'nın Başkanlığını yapmıştır. Görevleri arasında stratejik pazarlama, ortaklık geliştirme ve küresel olarak içerikten para kazanma yer alıyordu. DCI, 2000'de 3 kişilik küçük bir ekipten 2011'de 300'e yükseldi ve dünya çapındaki müşterileri için web, yazılım ve uygulama geliştirme ile ilgileniyordu.

Hizmetimizi başlattığımızdan beri Magzter, müşterilerimize mümkün olan en yüksek gazete bayii teknolojisini ve hizmetini sunmak için kendini küresel kuruluşlarla ortak olmaya adadı. İster müşteri veritabanınıza dergi aboneliği sunma amacını güdün ya da isterse sadece daha fazla öğrenmeyi amaçlayın, Magzter kendisini ticaretinizin büyümesine yardım etmek için adadı. Daha fazla öğrenmek için lütfen aşağıdaki soru formunu doldur:

{{trialPackText}} İÇİN ÜCRETSİZ DENE

 Orijinal DMCA Bildirimini gönderen taraf, Karşı Bildiriminizin kopyasını aldıktan sonra on iş günü içinde size karşı bir dava açmazsa, DMCA, kaldırılan içeriği geri yüklememize izin verir.

Bu Politika, Şirketin kişisel olarak tanımlanabilir bilgileri(“Kişisel Bilgiler“) ve siz ve Hizmete eriştiğinizde Şirketin topladığı bilgisayarınız veya cihazınız hakkında diğer bilgileri nasıl ele aldığını kapsar.Aşağıda daha ayrıntılı olarak açıklandığı şekilde sizden Kişisel Bilgiler toplayabiliriz ve bu Kişisel Bilgileri, ürünlerimizi, hizmetlerimizi, içeriğimizi ve reklamlarımızı kişiselleştirmek, sağlamak ve iyileştirmek ve size izin vermek de dahil olmak üzere Hizmetlerimizle bağlantılı olarak dahili olarak kullanırız.kullanıcı hesabı ve profili oluşturmak, sizinle iletişime geçmek, belirli ürün ve hizmetlere yönelik taleplerinizi yerine getirmek ve Hizmetleri nasıl kullandığınızı analiz etmek.Belirli durumlarda, bazı Kişisel Bilgileri üçüncü taraflarla da paylaşabiliriz, ancak yalnızca 4. maddede açıklandığı şekilde.

Bu başlık, Magzter GOLD aboneliğinize dahildir

 İçeriğin kalitesini analiz etmek ve yayıncılara uygun geri bildirim sağlamak

 Sakıncalı içerikle ilgili şikayetleri ele almak için bir Şikayet Görevlisi görevlendirdik.

 Sakıncalı içerikle ilgili herhangi bir şikayetin, yukarıda belirtilen e-posta adresine e-posta yoluyla Şikayet Görevlisine gönderilmesini talep ediyoruz. Şikayette bulunurken aşağıdaki bilgileri de vermenizi rica ederiz.

ve size çeşitli dergi, kitap, haber ve dergi ve yayınla ilgili içeriği (toplu olarak 'Yayınlar' olarak bilinir) sipariş etme, abone olma ve teslimatını alma ve Yayınların bu dijital sürümlerinin size teslim edilmesini sağlayan Uygulama

C.Kişiselleştirilmiş önerilerde bulunmak için uygulamayı kullanımınızla ilgili bilgileri de topluyoruz.Üçüncü taraf hesap kimlik bilgilerinizi bize sağlarsanız, bu tür aktarımlara izin verirseniz, bu hesaplardaki bazı içerik ve / veya bilgilerin(“Üçüncü Taraf Hesap Bilgileri“) bizimle olan hesabınıza aktarılabileceğini ve bu Üçüncü Taraf Hesabını anlamış olursunuz.Hizmete iletilen bilgiler bu Politika kapsamındadır.

 F. Topladığımız Kişisel Bilgiler, isteklerinize yanıt vermemize, ürünlerimizi ve hizmetlerimizi iyileştirmemize, gördüğünüz reklamları ve içeriği özelleştirmemize ve sizinle yeni ürünler hakkında iletişim kurmamıza olanak tanır.

kurulduğu 2011'den bu yana 85 milyondan fazla kullanıcısı ve 40'tan fazla kategoride ve 60'tan fazla dilde binlerce dergi ve gazeteyle dünyanın en büyük ve en hızlı büyüyen self servis, platformlar arası dijital gazete bayisidir. Merkezi New York'ta bulunan Magzter'in Amsterdam, Londra, Mexico City, Chennai, Mumbai, Yeni Delhi, Bengaluru, Singapur'da yerel varlığı bulunmaktadır ve yakında diğer ülkelere de yayılacaktır. Haziran 2011'de küresel girişimciler Girish Ramdas ve Vijay Radhakrishnan tarafından kurulan Magzter, dünyanın dört bir yanındaki dergi ve gazete yayıncılarının kitaplarının dijital baskılarını oluşturup küresel tüketicilere ulaştırmasına olanak tanıyor.

 N. Kullanıcıların Kullanım Koşullarımıza uymasını sağlamak için kullanım bilgilerini de kullanacağız. Örneğin, bir kullanıcının kullanım bilgileri, bir kullanıcının bir dergiyi veya başka bir içeriği yalnızca izin verilen sayıda veya izin verilen sayıda cihaza indirdiğini doğrulamamıza yardımcı olur.

 dijital okuyuculara aylık abonelik ücreti karşılığında 8.000'den fazla dergi ve gazeteye sınırsız erişim sağlar. Magzter ayrıca, akıllı telefon ve küçük ekranlı mobil kullanıcıların dergi içeriğinin keyfini çıkarması gerektiği gibi, makale metniyle keyfini çıkarmasını sağlayan, uygulamaları için ezber bozan ezRead 2.0 özelliği ile dünyadaki en fazla sayıda hikayeye sahiptir. okunması kolay ve buna çarpıcı videolar ve yüksek çözünürlüklü fotoğraflar eşlik ediyor.

The Art of Jewellery - May 2014

The Art of Jewellery - May 2014

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