Last month the Gem and Jewellery Export Promotion Council (GJEPC) announced its 39th annual award winners in New Delhi celebrating the performance of exporters, brands and local diamond companies. The chief guest for the ceremony was Sheila Dikshit, the chief minister of Delhi, and the guest of honor was Jyotiraditya Scindia, India's union minister of state, commerce and industry, Rapaport reported.
“The industry has weathered rough storms due to various economic conditions prevailing in the international market. However, the industry has shown signs of improvement with the encouraging orders for the forthcoming festive season to make up for lost business opportunities in the past few months,” Rajiv Jain, chairman of GJEPC, said. “We hope that the end of the year will see a culmination of efforts to put the trading fraternity’s fears of a slowdown to rest by way of increased exports and better business.”
GJEPC holds the annual awards at different locations each year, as it aims to encourage and promote greater participation amongst members of the industry. India exported gems and jewelry worth $42.84 billion in fiscal 2011-12, slightly down from $43 billion the previous year. However, the exports increased 4.6 percent year on year in rupee terms.
“The gems and jewelry sector is one of the fastest growing segments of the Indian economy. It has also emerged as a leader in churning out foreign exchange,” Scindia stated. “Even though we face a few challenges today, especially after the rising prices of gold, we can conquer them by exploring the arenas of retail, marketing, advertising, shows and exhibitions, investment in foreign companies and investments from private equity firms and corporate houses.”
The following is the list of GJEPC’s 39th annual award winners:
Cut & Polished Diamonds - Diamond Trading Company Sightholders
Kiran Gems Pvt. Ltd. – Mumbai
Dharmanandan Diamonds Pvt. Ltd. – Mumbai
Laxmi Diamond Pvt. Ltd. – Mumbai
Sanghavi Exports International Pvt. Ltd. – Mumbai
Cut & Polished Diamonds - Others
J.B. And Brothers Pvt. Ltd. – Mumbai
Shree Ramkrishna Exports Pvt. Ltd. – Mumbai
Hari Krishna Exports Pvt. Ltd. – Mumbai
HVK International Pvt. Ltd. – Mumbai
Studded Precious Metal Jewellery From EPZ/EOU Complexes
Kiran Jewelry - Surat
Renaissance Jewellery Ltd. – Mumbai
Shree Ganesh Jewellery House Ltd. - Kolkata
Plain Precious Metal Jewelry Exports By Units From EOU/EPZ
Shree Ganesh Jewellery House Ltd. - Kolkata
Studded Gold Jewelry Exports By Units From DTA
Bhansali Trading Corporation - Jaipur
Plain Gold Jewelry Exports By Units From DTA
Sumati Chand Gouti Jewellers (P) Ltd. – Mumbai
Cut & Polished Colored Gemstones Exports - Payment Realization Basis
RMC Gems India Ltd. - Jaipur
KGK Gems (SEZ UNIT) - Jaipur
Cut & Polished Synthetic Stones Exports
Industrial Jewels Pvt. Ltd. – Mumbai
Costume/ Fashion Jewelry Exports
Amrapali Exports - Jaipur
Silver Jewelry Exports
ACPL Exports Pvt. Ltd. - New Delhi
Sales to Foreign Tourists
Silver & Art Palace - Jaipur
Highest Importers of Cut & Polished Diamonds - Japan
Tsutsumi Jewelry Co. Ltd.
Highest Importers of Cut & Polished Diamonds – U.S.
Anaya Gems Inc.
Highest Importers of Cut & Polished Diamonds - Europe
Kiran Exports BVBA - Belgium
Highest Importers of Cut & Polished Diamonds -Southeast Asia
R A Gem Centre Ltd. - Hong Kong
Highest Importer of Gold Jewelry (Plain & Studded)
Siroya Jewellers L.L.C - U.A.E
Highest Importer Of Cut & Polished Colored Gemstones
Lee Gems & Jewellery Co. - Hong Kong
Agency Supplying Gold to Exporters on Replenishment Scheme
The Bank Of Nova Scotia – Mumbai
Total Limit Sanctioned by Bank
State Bank of India – Mumbai
The Royal Bank of Scotland – Mumbai
Percentage Growth in Number of Clients Financed
State Bank of India – Mumbai
The GJEPC, which has 5,500 members, is the apex body of the gem and jewelry industry in the country and operates under the supervision of India’s Ministry of Commerce & Industry.
