Connect with us

Press Releases

GJEPC Presents India Diamond Week from 15th to 17th October 2019

87 international buyers to interact with leading Indian exporters.

mm

Published

on

(PRESS RELEASE) MUMBAI — The Gem & Jewelry Export Promotion Council (GJEPC) organized the India Diamond Week from 15th to 17th October 2019, which is aimed at creating an annual trading platform to increase communication among diamantaires and promoting the Make in India diamond business globally. India Diamond Week further envisages to establish and strengthen the business ties of Indian gems & jewelry exporters with buyers from countries across the world.

India Diamond Week in Mumbai witnessed participation from 87 prominent buyers including those from the Australia, China, Egypt, France, Greece, Hong Kong, Israel, Italy, Lebanon, Russia, Netherland, New Zealand, Russia, Saudi Arabia, Sweden, Taiwan, Thailand, UK, Ukraine, USA and Uzbekistan amongst others. The first two days had pre-fixed one-to-one meetings of 30 minutes between the buyer and seller, and the third day is an open exhibition.

Podcast: Jason Druxman Discusses Differences of Corporate and Independent Jewelry Stores
JimmyCast

Podcast: Jason Druxman Discusses Differences of Corporate and Independent Jewelry Stores

Podcast: The 12 Days of Christmas … Like You’ve Never Heard It Before
Over the Counter

Podcast: The 12 Days of Christmas … Like You’ve Never Heard It Before

Podcast: Aleah Arundale Tells Why She Created Jewelers Helping Jewelers
JimmyCast

Podcast: Aleah Arundale Tells Why She Created Jewelers Helping Jewelers

19 Leading diamantaires of India showcased their capabilities through various offerings in terms of polished diamond shape, size and cuts. The invited global buyers could deal directly with Indian suppliers to reduce cost of transactions and boost bilateral trade between global importers and Indian exporters.

Mr. Pramod Kumar Agrawal, chairman, GJEPC, said, “I take this opportunity to thank international buyers and indigenous manufacturers whose participation have made this show a successful one. Focused Buyer Seller Meets during the India Diamond Week will further promote business ties especially at this time when global trade dynamics are changing and evolving due to multiple factors. Every buyer is taking advantage of this unique platform offered by GJEPC so that they can concentrate on existing & new customers across the spectrum. India’s expertise and experience can ensure that its exporters can deliver any size, any shape, any quality, anytime, anywhere in the world. All this is made possible by our enterprise, business acumen and massive scale of operations.”

The Indian diamond industry has been developed in India over the last 5 decades. Today, India is a leader in cutting and polishing diamonds with exports of USD 24 billion annually. 14 out of 15 diamonds set in Jewelry worldwide are processed in India. Around 1.3 million people are employed in the sector alone. India has capabilities in cutting and polishing diamonds from the smallest to the largest. India can craft a plethora of exquisitely designed diamonds – brilliant, baquette, briolette, taper, marquise, pair, princess, oval, radiant, rose cut, heart shaped.

Indian Diamond trade is committed to four pillar principles of fair trade. One, it leads in self-regulation encouraged through My KYC amongst GJEPC members. Two, sustainable development, created through model programs for the health and welfare of its workers such as Swasthya Ratna. Three, GJEPC has joined hands with Diamond Producers Association – DPA to fund the promotion of Diamond Jewelry with the sole objective to instill demand for diamond Jewelry at the consumers’ end. Four, it is building state-of-the-art gemological laboratories that ensure diamonds are natural, well-crafted and ethically sourced.

Advertisement

Indian jewelers and craftsmen cater to the most demanding customers across the globe. Indian Gem & Jewelry Industry and GJEPC have invested heavily in its 5 million plus workforce by adopting high standards of modernization, safety, cleanliness and other socio-economic benefits such as, medical facilities, employment generation and second-to-none training programs 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.

India has already developed direct relations with many of the large jewelry chains from across the world. BSMs have helped Indian companies reach out to new segments. They are an ideal way to connect with the independents – single store or those with a small number of outlets. Moreover, for a country which has such a diverse range of offerings across so many different product categories and manufacturing centers, the BSM format provides many benefits. It facilitates product centric events and facilitates ensuring that the right profile of buyers and sellers come face-to-face with each other.

PHOTO GALLERY (4 Images)

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

To Generate Funds for a Jeweler’s Move and Remodel, Wilkerson More Than Delivered

Even successful jewelers need a little extra cash to fund expansion plans—especially when there’s inventory on hand that’s ripe for liquidation. For Beaumont, Texas-based jeweler Michael Price, co-owner of Mathews Jewelers, it was the perfect time to call Wilkerson. Price talked to other jewelers as well as vendors for advice during the selection process and decided to go with Wilkerson. And he wasn’t disappointed. When it comes to paying for the move and expansion, Price says the road ahead is clear. “When we close on the next two stores, there’s no worries about finances.”

Promoted Headlines

Press Releases

Jewelers Block Insurance Specialists Surya and AIB Merge

The combined businesses will continue under the Surya and AIB names.

mm

Published

on

(PRESS RELEASE) NEW YORK — Surya Insurance Services, LLC is merging with Associated Insurance International Brokers Inc (AIB). The combined businesses will continue under the Surya and AIB names, both offering jewelers block insurance and other specialized insurance for the diamond and jewelry industry. Janak Dave will continue as Surya CEO and AIB founder Elan Manham will join Surya as President.

“The combined strength of the two companies will allow Surya to continue to grow to provide even better service to all of our customers,” Dave says. “In addition to growing our jewelers block insurance business, we plan to offer more insurance products specifically tailored to the needs of the industry’s top diamond and jewelry professionals, including covering the risks of rough processing, repolishing and the setting of important diamonds and gemstones.”

Video: Chicago Estate Jeweler Edward Kahn, Holocaust Survivor, Dies at 103
Headlines

Video: Chicago Estate Jeweler Edward Kahn, Holocaust Survivor, Dies at 103

Video: Jeweler Wins Fight for $500,000 Snow Promotion Claim
Headlines

Video: Jeweler Wins Fight for $500,000 Snow Promotion Claim

Video: Gene the Jeweler Talks About Work Stress
Gene the Jeweler

Video: Gene the Jeweler Talks About Work Stress

Surya Insurance Services is dedicated to serving the insurance needs of the diamond and jewelry industry. Surya was founded in New York in 2005 by Surya Capital to serve the diamond and jewelry industry. AIB was founded by Elan Manham in 1993 to provide jewelry and diamond wholesalers and retailers with Jewelers Block Insurance.

“The financial strength of Surya will give us better relationships with underwriters and enable us to better serve our customers and offer enhanced coverage,” Elan Manham says. “I look forward to working with the Surya team to grow the business.”

The combined companies will be able to provide A+ rated custom insurance solutions tailored to the individual needs of each client, including on premises, in transit, worldwide travel, trade and trunk show, unattended auto, bank vault and memo coverage.

Surya and AIB customers include more than 300 diamond wholesalers, jewelry manufacturers, jewelry retailers, pawnbrokers, and fine arts dealers, from small independent companies to some of the world’s most important diamond sightholders.

For more information about Surya and AIB insurance products and services, contact a specialist at 800-242-7766 or visit www.suryains.com.

Continue Reading

Press Releases

Diamonds Do Good Announces Winners of 2nd Annual Millennial-Focused Proposal Contest

Finalists will be flown to Canada to see the real impact of natural diamonds.

mm

Published

on

(PRESS RELEASE) In recognition of Valentine’s Day, Diamonds Do Good announced the winners of the second annual ‘Real Stories. Real Diamonds. Real Impact’ video proposal contest. A third year of the proposal contest is now being planned.

The winning couple of this year’s contest, Nicole and Isaiah, hail from North Carolina and were engaged during a trip to Ireland. “I love simple and natural… surrounded by the natural beauty of Ireland, the natural beauty of the diamond and my beautiful fiancé, our proposal story is one I will never get tired of telling” says Nicole.

Nicole and Isaiah will experience the natural beauty of the Northwest Territories of Canada, the third largest producer of natural diamonds. There they will see firsthand the impact natural, mined diamonds have had on the country and to share their experiences through social media.

Videos were judged by digital media influencers @thediamondsgirl, @weddingdiary and @roamaroo with combined followers numbering over 2,000,000.

“The contest is helping boost consumer understanding of the real, positive impact for communities of natural, mined diamonds,” says Executive Committee member Rebecca Foerster, president of Alrosa USA.

D.E.F President, Anna Martin, senior vice president of GIA, echoes, “Educating the younger generation on the good diamonds do and inviting them to engage in this narrative will help boost consumer confidence in, and ultimately demand for, diamonds.”

The winning video can be seen on DiamondsDoGood.com/myproposalcontest.

Continue Reading

Press Releases

Fortuna Completes First Sale of New Decade

It featured a diamond that brought $40,625.

mm

Published

on

(PRESS RELEASE) On February 6, 2020, Fortuna held its first sale of the new decade with exciting results that set the NY-based jewelry and watch auction house apart from current jewelry sale trends. The Fine Jewels sale offered a well-rounded selection of fine estate diamond jewelry and designer pieces, and achieved a nearly 70% sell-through rate—a great feat for this time of year.

The sale brought in bidders and consigners from around the world, featuring items consigned from countries like Spain, and bids coming all the way from Kuwait. It was also the first of Fortuna’s auctions to be streamed live on Facebook, highlighting the boutique auction house’s global reach.

Among the sale highlights sold was a 4.13-Carat Emerald-Cut Loose Diamond. This fine diamond came accompanied by a GIA diamond report stating the stone as possessing G color and VVS1 clarity. This particular diamond, which any jeweler would be thrilled to turn into an engagement ring, achieved $40,625 at auction. Most of the important stones in this sale came with a GIA certificate, which industry insiders trust as the ultimate stamp of verification of quality.

The sale also featured rarely seen designs, like that of a Tiffany & Co. Aquamarine Morganite and Diamond Drop Necklace. The piece, which was the property of a lady, had never been worn and was in excellent condition. The stunning lot which was crafted in platinum in a spectacular cascading design, achieved an impressive $30,000 at auction—more than double its starting bid.

Upcoming Fortuna Auction Sales

The next Fine Jewels auction on Fortuna’s calendar is set for March 19 at 1PM EDT, and is still accepting consignments. If you have jewelry or watches you would like to submit for auction, visit our website at www.FortunaAuction.com or call our office at (212)389-9040 for a free valuation.

Tiffany Co. Morganite Aquamarine Necklace

4.13ct Emerald Cut Loose Diamond

Continue Reading

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular