FICCI to organize gemstones, silver jewellery conference
Federation of Indian Chambers of Commerce and Industry (FICCI) will organize a conference focusing on gemstones and silver jewellery, on 22nd of July, 2010, at the SMS Convention Centre, Jaipur.
Rajendra Pareek, Minister for Industry, NRIs, Public Undertaking, Economics and Statistics, Excise, Government of Rajasthan has been invited to inaugurate the conference. The objective of this conference is to show the latest trends in the gemstones and silver jewellery market and to explore the global potential.
It will be an ideal platform to collectively address all the key stake holder of this sector
Gold Souk plans Rs 2,000 crore SEZ for GJ in Gurgaon
Gold Souk, the jewellery mall developer, is planning to set up gems and jewellery special economic zone (SEZ) with an investment of Rs 2,000 Crore in Gurgaon. The company is planning to start work on the project within this financial year.
They have 40 acres from the Haryana government and it will be an ambitious project. The Company is planning to have residential apartments named Gold Souk City, apart from having gems and jewellery manufacturers from Thailand and Dubai who will open their units in India. A formal announcement of the project is expected in the next couple of months.
They are at the design stage now. They are working out how much percentage of land should individually be designated for malls, residential and the other commercial offerings. The company is also looking for private equity (PE) players to fund a portion of this project. The rest would be financed through internal accruals and joint ventures. The company is also contemplating an initial public offer (IPO) over the next two years.
At present, Gold Souk has four operational jewellery malls in Gurgaon, Ludhiana, Jaipur and Cochin.
This financial year, it plans to launch similar malls in Indore, Hisar, Ajmer, Thiruvananthapuram, Madurai, Calicut and Salem. The company is also in talks with an international hotel group and plans to launch five four-star hotels within this financial year.
FICCI to organize gemstones, silver jewellery conference
Federation of Indian Chambers of Commerce and Industry (FICCI) will organize a conference focusing on gemstones and silver jewellery, on 22nd of July, 2010, at the SMS Convention Centre, Jaipur.
Rajendra Pareek, Minister for Industry, NRIs, Public Undertaking, Economics and Statistics, Excise, Government of Rajasthan has been invited to inaugurate the conference. The objective of this conference is to show the latest trends in the gemstones and silver jewellery market and to explore the global potential.
It will be an ideal platform to collectively address all the key stake holder of this sector.
WGC launched jewellery line at Gitanjali Stores
The World Gold Council (WGC) has launched new designs for its jewellery brand Collection, G. Ekta Chaudhary and Pooja Chopra, both former Miss India, launched the new range at Giantti store at Atria Mall in Mumbai. The collection is available at all Gitanjali stores in Mumbai, Delhi and Bangalore.
The new collection has a modern style and blends fusion and western designs. The light-weight pieces offer an everyday look of modern gold jewellery designs for younger buyers. Collection G features earrings, pendants and bracelets in 18 karat plain gold.
The items include yellow and white gold, with a smooth finish. According to the WGC, all the items are affordably priced.
“Collection G is designed for the young and fashionable woman of today. The affordability of these designs will enable modern women to indulge their love of stylish gold to make everyday life more special.
Surat diamond industry to seek direct supply from Canada
Surat’s diamond manufacturers are seeking imports of rough diamonds from Canada, reason being to ensure reasonable prices and better availability.
Canada is one the world’s largest rough diamond producing countries and they are keen to have some tie-up with mining companies there, which will allow them direct imports of roughs.
This association will send a delegation to Canada to reach with an agreement for direct import. Also the delegation plans to meet companies that have small mining operations.
Currently, the problem is sourcing of smaller rough stones. Prices of rough diamonds smaller than a carat have risen considerably in the last few months. However, the prices of polished diamonds have not risen.
The rise in prices of rough diamonds has led to reduced margins for diamond manufacturers.
Titan crosses billion dollar mark; net profit up 59%
In its Silver Jubilee year, Titan Industries Limited has come out with a sterling performance. Sales income for the year 2009-10 was Rs.4703.12 Crores, crossing the billion dollar (US) figure and registering a growth of 22.2 percent over last year.
Profit before tax for the company grew by 39.4 percent to Rs.321.32 Crores, while net profit grew by 57.5 percent over last year to Rs.250.32 Crores.
Both watches and jewellery segments benefited from a good wedding season in the first quarter. Retail sales were extremely good for watches post October 2009.
Tanishq ran a successful promotion the `Queen of Diamonds’ and the new Eyewear business had an impact. The B2B business of Precision Engineering was hit due to global slowdown and postponement or cancellation of some orders.
The jewellery segment sales grew by 26.8 percent to Rs.3504.19 Crores and the watch segment sales grew by 13 percent to Rs.1026.78 Crores. Sales of others including Eyewear and Precision Engineering rose by 11.4 percent to Rs.151.76 Crores.
The year witnessed expansion of its retail network with a net addition of 52 stores (81267sq.ft.) across watches, jewellery and eyewear businesses.
Bhaskar Bhat, Managing Director of the company said, “It has been an outstanding year for Titan Industries in terms of cost containment, profit growth and performance against the plan.”
After considering the excellent performance of the company, the directors have recommended a dividend of 150 percent.
WBIDC plans developing Phase-II of Kolkata’s GJ SEZ
West Bengal Industrial Development Corporation (WBIDC), a Government of West Bengal Undertaking, is proposing to develop Phase II of Manikanchan in Kolkata. This is the gems and jewellery SEZ spread over 4,00,000 sq.ft. of built-up space.
Carrying its intent forward, WBIDC is inviting sealed proposals from those keen on setting up diamond processing units, units of gold, platinum and other jewellery, over a minimum 1,00,000 sq.ft. built up space of the Manikanchan Phase II, Special Economic Zone, Kolkata.
GJEPC presents IIJW India’s International Jewellery Week
The Gem & Jewellery Export Promotion Council, in its endeavour to promote India as the “Innovation & Design Destination” for Jewellery, proudly presents to you India’s first Jewellery Week India International Jewellery week (IIJW) to be held in Mumbai at the Grand Hyatt from 15th – 19th Aug 2010.
IIJW is an initiative to showcase India’s finest in jewellery, be it design or innovation supported by top of the line craftsmanship, technology and quality to the customers around the globe. India with its ability to create most intrinsic & inspired jewellery has made bold statements across the globe with our designers time & again winning different international design awards of repute.
IIJW is an attempt to provide an international platform to India’s budding designers, leading designers & design houses to unveil their fascinating jewellery collections, classic & contemporary by India’s leading designers & design houses to the world jewellery market thereby establishing India as the most sought after destination for quality Gems & Jewellery which stands out in terms of design & innovation quotient.
India, the world diamond leader, is today burgeoning with energy and passion when it comes to jewellery. Being the fastest growing manufacturing centre, with the world eyeing “INDIA”, the industry is poised to take over the mantle as world’s “Jewellery Hub”.
INDIA INTERNATIONAL JEWELLERY WEEK – Show Highlights
Exclusive platform to showcase innovative and new concepts in Jewellery
Grand Finale – Best of Best pieces Extensive media and PR coverage, Trade, Lifestyle & Luxury, both Domestic & International
India’s top models and choreographers to showcase your creation
Opportunities for participants to be interviewed and promoted across print, online, radio & electronic media
Select top buyers from India & aboard to attend the show
IIJW will be marketed & promoted extensively in print, TV, online & radio.
To download participation form & for further details, Click here Last date to submit duly filled participation form is 8th June, 2010
Do not miss the opportunity to be a part of this new and innovative platform which will be reserved for the exclusive few from INDIA.
For any further information, please contact: Tom Jose- 9004446114 / 022-43541800
Email us to – iijw@gjepcindia.com
AWDC Launches 14th HRD Awards, Theme is ‘You and Me’
Antwerp World Diamond Centre (AWDC) has launched the 14th edition of its HRD Awards diamond jewellery design competition. The theme of the HRD Awards 2011 is “You and Me.”
The biennially held competition is widely considered to be the world’s leading diamond jewellery design contest, and in the past it has proven to be a valuable stepping stone for young designers on their way to successful careers in the jewellery industry. The competition’s goal is to foster creative talent, with entrants encouraged to let their imaginations soar, and then translate them into innovative jewellery.??
In adopting the theme of “You and Me,” AWDC intends inspiring contest entrants with the mystery of dualism. This provides the young designers with wealth of possibility, as they express through the creation of diamond jewellery the interplay of two elements which are irreversibly intertwined, sometimes complementary and sometimes in contradiction. ??
As has been the case in previous years, AWDC will coordinate the extensive global promotional campaign to highlight the jewellery produced by the finalists and laureates of the HRD Awards 2011. It includes a trilingual printed and online catalogue, an international media programme, and a travelling jewellery exhibition that will appear worldwide in museums, trade fairs and industry events during the course of 2011 and 2012. ??
With the contest now launched, the deadline for registration and the initial submission of designs is October 15, 2010. Laureates reaching the final round will be informed by mail following their selection by a professional jury. They will be required to produce the actual jewellery, and will be assisted in obtaining sponsors by AWDC. The finished diamond jewellery pieces will have to reach AWDC no later than March 31, 2011. An elite panel of international judges will select the finalists and first place winner on May 26, 2011, and an awards ceremony will be held in Antwerp on June 30, 2011. ?
A dedicated HRD Awards 2011 website has been launched at www.hrdawards.com.
India’s Q1 Gold Demand Surges to 193.5 Tonnes: WGC
India’s total gold demand surged to 193.5 tonnes in the first quarter ending March from 24.2 tonnes a year earlier, the World Gold Council said on Wednesday.
Jewellery demand rose to 147.5 tonnes from 37.7 tonnes, while investment demand rose to 46 tonnes.
Total demand consists of both jewellery as well as investment demand.