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GJEPC’s India Silver & Fashion Jewelry BSM Witnesses Buyers from 39 Nations at Jaipur

The BSM between 12 – 14 June will witness international buyers from countries namely Algeria, Australia, Egypt, England, Ireland, Jordan, UAE, USA, Spain, Kuwait and Thailand.

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(PRESS RELEASE) JAIPUR — Gem & Jewelry Export Promotion Council (GJEPC) kick started India Silver & Fashion Jewelry Buyer Seller Meet (BSM), in the pink city of Jaipur at Rajasthan from 12th – 14th June 2019.

The event was inaugurated by Mr. Pramod Kumar Agrawal, chairman, GJEPC; Shri Nirmal Bardiya, regional chairman, Silver Panel Convener Ram Babu Gupta along with International buyers and exhibitors from India.

Commenting at the inauguration, Shri Pramod Kumar Agrawal, chairman, GJEPC said, “The BSM has been organized with an objective to meet current business needs of silver jewelry industry and to further establish and strengthen new business opportunities and promote business globally. The 3-day business matching program will be an ideal opportunity to showcase India’s strength & capabilities in manufacturing silver jewelry which is in demand due to its exclusivity and craftsmanship, whether its machine-made or hand made. Made in India silver jewelry has gradually made a mark in international markets with remarkably good designs, bold use of diamonds and colored gemstones thereby adding more value addition. I am sure buyers will get to see a range of innovative and trendy jewelry as per their needs and requirements”.

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India’s gross exports of silver jewelry for the period April 2018 – March 2019 accounted for US$ 837.81 million.

The India Silver Jewelry BSM will be a mix of a Buyer Seller Meet (BSM) and an open meeting day between invited buyers and exhibitors. Over 20 silver jewelry manufacturing companies will be showcasing their manufacturing skills to 39 International buyers consisting of silver jewelry Wholesalers, Retailers, Traders & Chain stores from the targeted region viz., Algeria, Australia, Egypt, England, Ireland, Jordan, UAE, USA, Spain, Kuwait, Thailand, during the BSM meet.

At the same time, for buyers, this is an opportunity to understand the Indian silver sector better for their sourcing needs, understand supply chain, business practices and culture. “I am sure both the buyers and sellers would make the most out of this platform to further establish and strengthen new sourcing relationships and promoting business globally”, added Agrawal.

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The gem and jewelry sector is going through tough times and Agrawal expressed concerns impacting exports and overall growth of the sector.

GJEPC has been talking with the government to address major banking issues affecting G&J industry including, increase in cost of funds, need for interest subvention, dollarization of credit limits, allowance of release of BG/ cash margins of exporters after exports; reintroduction of ECGC WTP policy for the sector, gold card and taxation issues.

Shri Pramod Agrawal also presented the Pre-budget proposals of the industry to the Finance Minister Smt. Nirmala Sitharaman. Following are few of the points presented:

1. One of our burning issues of the industry is imposition of IGST on re-import of consignments which are exported through consignments/ exhibition mode. The industry is hopeful that the issue will be resolved soon.

2. Reduction in import duty on Cut and Polished Diamonds from 7.5% to 2.5%: Due to certain data anomaly in the import figures of cut and polished diamonds, duty on diamonds got increased from 2.5% to 5% and thereafter to 7%. The industry has been repeatedly representing that returned consignments of polished diamonds had constituted a major portion of the import figures which was erroneously captured and reported. 93% of the imported polished diamonds are exported back and are also procured in manufacturing and exporting studded jewelry from the country

3. Reduction in import duty on Precious Metal Gold from 10% to 4%: Industry for a long time has been making this request to reduce the import duty on gold to a realistic level. Duty reduction will definitely re-initiate the flow of raw material through official channels into the country thus strengthening our jewelry exports

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4. Introduction of a realistic turnover taxation regime for Special Notified Zone in Mumbai: Special Notified Zone in Mumbai was inaugurated in December 2015 and since then, the zone has been running successfully. The only major hurdle is that foreign mining companies, in the absence of favorable taxation regime, have not yet started selling rough diamonds. They still come, display and take their goods back to their country. The industry has been requesting that on the lines of the level playing field being offered by Belgium, Israel, UAE etc, Indian Government should introduce presumptive turnover linked tax rate (0.125%) on sale of rough diamonds at SNZ

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Antonini Celebrates 100th Anniversary

Anniversary100 is a collection made completely in gleaming gold.

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(PRESS RELEASE) MILAN — Antonini celebrates its century-spanning history with a significant collection in terms of both its wide and the bold choice made in the use of materials. Faithful to its history, which has seen the exclusive use of gold and diamonds for the ‘ready to wear’ collections, Sergio Antonini – the creative director of the brand – when designing the collection, he had in mind the malleability of gold and its most striking feature, which since antiquity and over the centuries has made it an immediately recognizable element: its sheen.

Anniversary100 is a collection made completely in gleaming gold, be it yellow gold or white gold, embellished with subtle waves of diamonds that underline the sensual profiles or some hidden details of the jewels. Soft and supple shapes recall those of the ‘Anniversary’ collection – one of the most iconic and successful collections in the brand’s recent history, designed in 2009 for the company’s 90th anniversary. Very long chains, rings and earrings that shine amongst garments and hair and reveal even brighter stones set at a 45-degree angle. In the more luxe version, in white gold, the surface is completely covered with valuable F-color diamonds that are exceptionally brilliant and sparkly.

Antonini’s dual soul is reflected in the two variants that each of its collections are organized into: yellow gold and white gold, to meet the taste of their markets of reference. From the US that loves white gold and imposing sizes, to Japan that prefers minimal jewelry, passing through the countries of the Russian area where the more traditional yellow gold triumphs.

Since 1919 in the heart of Milan: this is the Antonini story, a company which for three generations has been making jewelry with a unique and recognizable design, directly influenced by the motivation that the city offers, architecture, design and contemporary art, all passions that Sergio Antonini enjoys in his daily life. Beauty and culture are distinctive elements of the showroom in Piazza Borromeo 12: a place of a poignant artistic enchantment, a circle of extraordinary frescoes from the fifteenth century situated in an architectural context that has its roots in the history of the city. In a district where the medieval guilds had their own laboratories, giving the neighborhood its well-known street names: via Orefici, via Moneta, via Zecca, via del Bollo, via Spadari, via Armorari… In such a context, only exclusive creations such as those of Antonini can be made.

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French Association of Gemology Announces Speakers for 18th Gemological Symposium

It takes place on September 9, 2019.

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(PRESS RELEASE) PARIS, FRANCE – The Association Française de Gemmologie (the French Association of Gemology) has announced the line-up of speakers for the 18th Paris Gemological Rendez Vous, its prestigious annual gems symposium, which will take place on September 9, 2019, at: l’ASIEM, 6 rue Albert de Lapparent, Paris, France.

The speaker list in alphabetical order is:

  • Alan Bronstein, President of the Natural Color Diamond Association
  • Aurélien Delaunay, director of the French Laboratory Of Gemology (LFG)
  • Richard Duffy : CEO of Petra Diamonds
  • David Fisher, Principal Scientist, De Beers Technology
  • Stéphane Fischler, President of the World Diamond Council
  • Peter Karakchiev, Head of the International Relations Department, ALROSA
  • Jim Pounds, Executive Vice-President Diamonds, Dominion Diamond Mines
  • Martin Rapaport, Chairman, Rapaport
  • Eddy Vleeschdraeger, Director at the Scientific and Technical Research Center for
    Diamonds (WTOCD – Belgium), author of “Hardness 10”
  • Feriel Zerouki, Senior Vice-President of International Relations and Ethical Initiatives, De Beers

The moderator of the symposium is Didier Giard, president of the French Association of Gemology and a member of the French Academy of Overseas Sciences. “This year’s symposium will be taking a comprehensive look at diamonds,” said Giard. “During a period of many challenges to the natural diamond industries including synthetics and a volatile international market, we are very proud to host such distinguished members of the diamond industry. They will be giving us their considered views, backed by years of experience, on the diamond industry from many different angles.

“This is a one-day event (9.15 am to 6.00 pm) that will give the audience plenty of food for thought, from diamond mining, the current state of the market, and colored diamonds to the scientific, gemological and historical aspects of natural diamonds. I would urge members of the trade to register as soon as possible in order to secure a place at the symposium since there are a limited number of places available. The symposium will have simultaneous French and English translation.”

To register, please send a mail to: gemmes7@orange.fr

For further information, contact Didier Giard at: giard.didier@gmail.com

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GIT Is Hosting GIT’s 13th World Jewelry Design Award and Challenge Gems Faceting Master 2019

Its objective is to support and further strengthen designers and lapidaries potentials towards the gem and jewelry industry today.

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(PRESS RELEASE) The Gem and Jewelry Institute of Thailand (Public Organization) or GIT is hosting a press conference on GIT’s 13th World Jewelry Design Award and Challenge Gems Faceting Master 2019 with an objective to support and further strengthen designers and lapidaries potentials and to provide guidance towards the gem and jewelry industry today.

Mrs. Duangkamol Jiambutr, director of GIT mentioned, GIT’s World Jewelry Design Award is hosted for the 13th time this year under the theme “Blue by Day, Green by Evening, Red by Night” starring blue gem, red gem and green gem as the main component of the design piece, also GIT is hosting Challenge Gems Faceting Master, inviting Chanthaburi lapidaries and lapidaries from all around the world to have a chance to further strengthen their skills to meet international standard and to win cash prizes worth 1 million baht or 35,000 USD with honored trophy. In the past year, there are over 300 submissions from interested participants from around the world, whereas this year, we are expecting to receive over 400 submission globally.

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The institute have hosted GIT’s World Jewelry Design Award for 12 times in the past, where it is able to create numerous renown designers, for example, Miss Supatchana Limwongse, the winner of GIT’s World Jewelry Design Award 2018 under the theme “The Pearl of Wisdom – Illumination from under the surface” where today, she is the founder of La Orr Ornaments, a contemporary jewelry brand that combines valuable metal with silk, that is gaining popularity today.

As well as Mrs. Wichuda Taepornpanich the winner of GIT’s World Jewelry Design Award 2013 under the theme “Cubism” who started as a freelance designer and today, she is the owner of a jewelry brand called ‘Wida Jewelry’, with her renown embedded gemstone in silver and gold jewelry that has been showcase in both domestic and international events such as Mega Show 2018 in Hongkong and Tokyo Fashion World 2019 in Japan.

GIT’s 13th World Jewelry Design Awards 2019 invites participants from all around the world including students, experts, designers and entrepreneurs. Submission opens from today – 1 August 2019 and the first-round selections will be in August 2019 where the judges will be selecting 30 designs, where 8 designs with the highest score will be turning their designs sketches into an actual jewelry piece.

The competition is divided into 3 types which are prizes for jewelry design focusing on red (ruby) or blue (sapphire) or semi-precious stone with similar shades, prizes for jewelry design focusing on green (peridot) or semi-precious stone with similar shades and Popular Design Award 2019, where interested participants must submit their design that is related to the theme and must contain a minimum of three design pieces in one collection such as earrings, rings and bracelets, and participants can submit up to 3 collections during the submission period.

Submissions can be made via www.gitwjda.com or submit a hard-copy to The Gem and Jewelry Institute of Thailand (Public Organization) 340, 340/1-3, 340/5 ITF-Tower Building. 3rd Floor, Silom Road, Suriyawong, Bangrak, Bangkok 10500, Thailand within 1st August 2019.

Challenge Gem Faceting Master is divided into 2 types which are prizes for Chanthaburi Lapidaries and prizes of General Lapidaries, interested participants can use Synthetic Gemstone or Semi-precious stone with no color limitation, cutting in a cushion shape with no limitation to the number of edges (Mixed cut or Fancy cut) with an approximate size of 25 millimeters, each applicant can submit up to 2 gems. The submitted gemstone must be packed neatly with full details and can be submit in person at The Gem and Jewelry Institute of Thailand (Public Organization).

“The institute will be hosting the Final Round Selections in September 2019 and an Awarding Ceremony for The Winner of GIT’s World Jewelry Design Award and Challenge Gems Faceting Master 2019 together with an exhibition of the selected designs in the “International Chanthaburi Gems and Jewelry Festival 2019” we hope that this competition will have a crucial role in developing and strengthen designer and lapidaries potential, to further build a strong foundation to enter the gem and jewelry industry, as well as to push forward Thai jewelry to be the center of the global gem and jewelry trade” Mrs. Duangkamol Jiambutr said.

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