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GJEPC Organizes First India-USA Jewelry Buyer-Seller Meet

Over 32 leading jewelry buyers from the US, Germany, UK, Ireland, Spain and New Zealand explore sourcing from Indian jewelry exporters at the meet in Mumbai.

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(PRESS RELEASE) MUMBAI — The first India-US Jewelry Buyer Seller Meet (BSM) was inaugurated by Mr. Colin Shah, vice chairman, Gem & Jewelry Export Promotion Council (GJEPC) along with Mr. Sabyasachi Ray, ED, GJEPC. Leading Indian jewelry exporters interacted with a delegation of over 32 topmost jewelry buyers i.e. 23 from United States and 9 from New Zealand, Ireland, Spain, United Kingdom and Germany – comprising a mix of jewelry retailers, wholesalers and distributors as representatives of merchandising/ buying groups and best practice groups of independent retailer jewelers as well as VP merchandising and buyers from large and small regional chains. America is the largest (by value) jewelry market in the world. Over 23 prominent export houses are exhibiting their products at the three-day business matching program.

India’s total exports of gem & jewelry to the US grew 16% to USD 10.48 bn in FY19 from USD 9.064 bn in FY16. Exports to the US (USD 10.48 bn) accounted for 26.3% of the total gem & jewelry exports of USD 39.76 bn in FY19. India’s exports of gold jewelry studded with diamonds to the US were USD 1.37 bn while those of plain gold jewelry and other studded gold jewelry in FY19 were USD 290.62 mn. India’s exports of Cut & Polished diamonds to the US were USD 8.31 bn in FY19 (up 26% from FY16).

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Mr. Pramod Agrawal, chairman, GJPEC said, “We want to introduce American buyers to India, wherein the love for jewelry is as old as existence of jewelry itself and where the ebullient art of jewelry designing and making has left the world spellbound. The fire to create stunning pieces has been honed and passed over the generations. We want US buyers to discover the intrinsically crafted pieces woven out of tales of romance, creativity, heritage, charisma & elegance to say the least. GJEPC’s member exporters will showcase some of the finest contemporary jewelry pieces resonating our country’s forte in curating and crafting fine jewelry.”

Speaking at the inaugural ceremony, Mr. Shah said, “India’s Jewelry exports of around $10 billion is highest compared to the cumulative exports from China, Singapore and Hong Kong to the US market. India offers a value proposition to the US buyers with its unmatched heritage and cultural world class jewelry designs. Craftsmanship, which is the backbone of the Indian Jewelry industry as there are millions of workforce working since generations and they carry forward the exquisite art of Jewelry making. Indian manufacturers adheres to requisite ethical standards, compliances and promotes responsible sourcing of diamonds and jewelry. Members of GJEPC are Responsible Jewelry Council (RJC) certified. India is KP chair this year and is active participant along with all the diamond producing nations of KP to source stones from the diamond chain of custody.”

Mr Shah, briefly introduced the Indian jewelry industry to the visitors, and said, “It was about 50 years since the country took its first step into the export market. In these few decades, India has become a significant force in the global arena and today is a bigger jewelry exporter than China, HK and Singapore. He attributed India’s success to its ability to “produce a world class product, offer competitive prices and ensure on schedule deliveries”. The growth of the industry has been facilitated by different initiatives taken up by GJEPC, which ensured an enabling policy framework, international networking opportunities, global promotions as well as development of a skilled workforce.

BSMs have helped Indian companies reach out to new segments. They are an ideal way to connect with the buyers in a focused business setting.

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Indian gem and Jewelry manufacturers have been catering to the most demanding customers across the globe. Indian Gem & Jewelry Industry has invested heavily in its 5 million plus workforce and ensured sustainable development through socio-economic benefits such as, medical facilities, employment generation and second-to-none training institutes for workers amongst others. Their ability to satiate any kind of jewelry requirements has amazed the world. This has been possible due to Industry’s willingness to embrace and adopt the latest technology.

The prime activity of GJEPC is to promote the Gem & Jewelry products in the International markets. Over the years, it has been involved in organizing a number of important trade shows held in the country like the India International Jewelry Show (IIJS), IIJS Signature, India Gem & Jewelry Machinery Expo (IGJME). The GJEPC also organizes India Pavilions – participation of a number of companies under the GJEPC banner – at various leading international shows like JCK Las Vegas, Basel, and several others worldwide. Various product-specific Buyer-Seller Meets, sending and hosting trade delegations and sustained image building exercises through advertisements abroad, publications and audio-visuals are some of the other trade promotion activities undertaken by the Council.

Apart from its constant endeavor to develop its gem and jewelry industry through infrastructure and skill development, the Indian industry has been following ethical business practices and complying to world business standards which has made India the ideal destination for sourcing quality gems and jewelry.

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GIA Commits $1.3M to Artisanal Mining Education Project

It’s a four-year commitment.

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(PRESS RELEASE) CARLSBAD, CA – Building on a successful pilot and feedback from small-scale colored gemstone miners in Tanzania, GIA (Gemological Institute of America) will expand distribution of its innovative gem guide for artisanal miners to other communities and countries in Africa. Speaking at the ICA Congress in Bangkok on Oct. 15, GIA President and CEO Susan Jacques announced a four-year, $1.3 million commitment, funded from the GIA endowment, to expand the program in Tanzania to Madagascar, Nigeria, Rwanda and Zambia. Working withPact, a Washington D.C.-based international development nonprofit organization with expertise in the region, GIA plans to reach 10,000 miners with relevant information on how to evaluate the quality of the rough they mine.

“This is a tremendous step forward in our efforts to bring information directly to artisanal miners right at the beginning of the gem and jewelry supply chain,” said Jacques. “We know that this investment will bring an invaluable benefit to miners, their families and the communities in which they live.”

Robert Weldon, GIA director of the Richard T. Liddicoat Library and Information Center, pictured with an artisanal miner from Tunduru, Tanzania.

The gem guide project began shortly after GIA Distinguished Research Fellow Dr. James Shigley saw the difficult working conditions of artisanal miners during a 2008 trip to Kenya and Tanzania. Dr. Shigley and Dona Dirlam, then-director of the GIA library, working with GIA research and library staff, created the booklet, “Selecting Gem Rough: A Guide for Artisanal Miners.” First developed in English and later translated into Swahili, the photo-rich booklet has images of the gemstones found in East Africa and illustrations of how to examine and evaluate rough gems. The booklet is waterproof and comes with a durable plastic tray that can be used to sort gems and do basic gemological evaluations. GIA piloted the program in 2016, working with Pact.

“We found that for every dollar invested, there was a 12-fold social return that will last years into the future,” said Cristina M. Villegas, technical program manager for Pact’s Mines to Markets program. “With their new knowledge, miners improve their income, send their children to school, invest in their mines and their communities.”

GIA staff, including Robert Weldon, current director of the Richard T. Liddicoat Gemological Library and Information Center at GIA and a major contributor to the development and content of the guide, trained more than 1,000 artisanal miners on how to use the guide and tray during a two-week period earlier this year in Tanzania. GIA’s initial efforts to provide information to small scale, artisanal miners came full circle when the GIA team visited the Tanzanian Association of Women Miners (TAWOMA), who participated in the very first training session for the guide.

“There is nothing more rewarding than seeing the reaction of the miners as they learn the material – you instantly see that you’ve positively made a change in someone’s life,” said Weldon. “These transcendent moments make us so proud that we can provide artisanal miners with a gem guide that gives them the confidence to know their value in the market.”

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Press Releases

Brooklyn Jewelers Launches Newest Line

It’s called “Neighborhoods Collection”.

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(PRESS RELEASE) BROOKLYN, NY – Brooklyn Jewelers announces the official launch of its newest line, the new “Neighborhoods Collection”. Taking inspiration from the art and fashion trends of Brooklyn, this collection is designed with millennials in mind. All of our jewelry is available in castings with select styles offered finished (in white, yellow, rose, 14K, 18K, palladium, and platinum).

For more information, contact: info@brooklynjewelers.com or call (718) 534-4408

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Check out our website: brooklynjewelers.com

We are also on Facebook and Instagram: @brooklynjewelers

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David Sexton of Jewelers Mutual Group Retires

He retires after 39 years with Jewelers Mutual.

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David Sexton

(PRESS RELEASE) NEENAH, WI – Earlier this week, Jewelers Mutual Group announced the retirement of longtime vice president of Loss Prevention and Consulting, David Sexton, CPCU.

Sexton began his association with Jewelers Mutual in 1980 as an Underwriting Assistant and enhanced his career through roles in commercial lines customer service, CL underwriting, and specialty account management, becoming vice president of Loss Prevention and Consulting in 2004.

In this critical loss prevention leadership role, Sexton was responsible for the development, recommendation and implementation of Jewelers Mutual’s loss prevention policy. He is credited with building key relationships between Jewelers Mutual with the jewelry, alarm, and law enforcement communities, to effectively promote comprehensive loss prevention strategies to reduce jewelry exposures to loss.

“It was never about me, it was always about us,” Sexton said.

Sexton will officially retire from Jewelers Mutual on December 31, 2019, however he plans to remain involved with the company for the foreseeable future through engagement with Jewelers Mutual associates, jewelry associations at industry events, and collaborations with agents/brokers. He will continue to work with the Jewelers Mutual executive team to ensure key relationships and partnerships he has helped forge remain strong.

“I will always treasure the relationships I have made during my association with Jewelers Mutual,” Sexton said. “My retirement is not an end, but rather a beginning. The leadership of Jewelers Mutual has a clear path for continuing our vital loss prevention mission to provide innovative risk management solutions for the industry we serve, not just insurance.”

Sexton, a member of the 24 Karat Club of New York, currently serves on the Board of Directors for the Jewelers’ Security Alliance, a nonprofit association devoted to reducing crimes against the jewelry industry, as well as the Canadian Jewellers Association. In 2016, Sexton was the recipient of the Jewelers’ Security Alliance Industry Service Award and in 2018 he received the American Gem Society’s John J. Kennedy Law Enforcement Award.

Sexton has served on the Underwriters Laboratories (UL) Security Systems Council, formerly known as the Burglary Protection Council, since 1994 and also serves as a corporate member of UL in the insurance category. He served on the Central Station Alarm Association’s Insurance Liaison Committee, which assisted in the development of the Underwriters Laboratories (UL) burglar alarm modular certificate program and remains active on several UL/ULC Standard Technical Panels through which UL/ULC develops and maintain their standards for safety.

“You’re known by the company you keep,” Sexton said. “It’s all about the people. Working with people to help them solve their risk management challenges has really been the most rewarding aspect of my insurance career.”

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