Solitaire International - March 2018
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March 2018 issue Digital Access. 
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In this issue
Signature IIJS, the first trade show of the calendar year, set a positive tone for the coming months. The show registered a 22% growth in visitor footfalls, at 16,500 attendees, compared with last year. Plain gold and studded jewellery manufacturers reported good sales, while there was strong demand for diamond jewellery under K5 lakh. Turn to the Cover Story for a detailed report, and view some of the statement jewellery pieces highlighted in Signature Trends. Design Inspirations, the GJEPC’s two-day trend seminar that is held just after Signature each year, provided valuable insights from some of the leading luminaries of the industry from India and abroad, including Alexandra Mor, Paola De Luca, Roza Topolnicka, Farah Khan, Siddharth Kasliwal, Payal Singhal, and Nilesh Hundekari. Spotlight summarises their viewpoints. In a major development, the India Jewellery Park Mumbai project moved one step closer to realisation as the GJEPC and MIDC signed an MoU for its establishment. The Jewellery Park will be spread across 25 acres in Navi Mumbai, with 4 million sq ft of built-up area housing more than 5,000 gem and jewellery units. The project will attract an investment of over K13,000 crore spread across 3-5 years. The GJEPC has strongly condemned the K12,700 crore financial scam involving Nirav Modi and Gitanjali Gems, and has agreed to support investigating agencies to reach the right conclusion. GJEPC chairman Pramod Agarwal and vice chairman Colin Shah share their views on the impact the fraud may have on the industry in this issue.
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De Beers Diamond Jewellers Revamps Harrods Store
De Beers is proud to continue its legacy as the ‘Home Of Diamonds Since 1888’ with a refined new store in the Fine Jewellery Room at Harrods.
JJS Gears Up For December Show
The Jaipur Jewellery Show (JJS), the country’s largest combined business-to-business (B2B) and business-to consumer (B2C) jewellery show, will be held from December 22nd to 25th at the Jaipur Exhibition and Convention Centre (JECC) in Sitapura.
HK's 4,455+ Employees Take Part On International Yoga Day
Hari Krishna Group organised a yoga programme on 21st June 2017, International Yoga Day in its factory premises in Surat, and sales offices at BKC and SEEPZ, Mumbai.
GJEPC To Set Up IIGJ Centre In Udupi
The Gem & Jewellery Export Promotion Council (GJEPC) laid the foundation stone for a premier gem and jewellery training institute in Udupi, Karnataka, on June 16th.
US Diamond Jewellery Demand Reaches $41 Bn
Total diamond jewellery demand from US consumers increased 4.4% in 2016 to exceed $40 billion for the first time, according to industry insight data published by De Beers.
Business In The GST Era
Bullion analyst Sanjiv Arole evaluates the pros and cons of the recently implemented Goods & Services Tax (GST).
Signet Jewelers Appoints Virginia C. Drosos As CEO
Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, appointed Virginia “Gina” C. Drosos, who has served as a independent director of the company’s board since 2012, as the new chief executive officer of Signet, effective August 1st 2017.
GJEPC Opens Common Facility Centre In Palanpur
The Gem & Jewellery Export Promotion Council (GJEPC) said the second Common Facility Centre (CFC) was inaugurated in Palanpur by Nirmala Sitharaman, minister of state (independent charge) for commerce & industry, and Haribhai Chaudhary, minister of state for Micro, Small & Medium Enterprises (MSME), on July 10th.
Jewellers For Hope Raises ₹1 Crore For Three NGOS
The GJEPC hosted a by-invitation-only charity dinner, Jewellers for Hope, on the sidelines of the show to raise funds for a noble cause.
Small Is Big
Lightweight jewellery demand has grown 20% in the last year. Self-purchases, gifting and work wear drive the demand. Solitaire International interviewed retailers and designers to check out what’s hot in this category.
