India’s Biggest Lab-growndiamond pavilion in DJGF 23I

ndia has a prominent presence inthe diamond industry and lab-growndiamonds (LGDs) are no exception.
In recent times, lab-grown diamonds
have gained immense popularity due
to their technological advancements,
increasing consumer awareness andmost importantly they are eco-friendly
and pocket-friendly too! With risinggold and natural diamond prices,
consumers are looking for affordable
alternatives in precious jewellery andlab-grown diamond studded jewellery
perfectly fulfils this demand.
Additional demand is also going tobe driven by consumers who haveaspired to buy a diamond but can’t
afford them. In this, India is going toplay a huge role as today, less than
5% of Indian women wear and adorn
diamonds. Lab grown diamonds will bean opportunity for even the remaining
95% of women to wear and afford
diamonds. With increasing awarenesson the environmental and economic
benefits of LGDs, particularly CVD

Exhibitor Talks
DJGF is a pioneer in thejewellery exhibition industry.
DJGF has revived the industry.
It has been lucrative for ourbusiness, drawing thousandsof buyers from different
parts of country with varied
requirements, over a span
3days. I highly recommend
participation in this show.
Gaffy Garg, Owner, Beera Jewellers

diamonds in Indiaand since it is afully Made in India
product, the youthof our country is
rapidly shifting theirpreferences towards
LGDs made throughthe CVD technologyin India.
Overall, the LGD
industry in India isself-assured for acontinued
growthandexpansion
determined
bybothdomesticandinternational
demands and poised to capture ahuge market share of this $50bnindustry potential.
Based on the demand received frommembers we are pleased to inform youthat we have introduced a separate

section for Lab Grown Diamonds atDJGF 2023.
We are glad to open the space
application for Lab Grown Diamond
Section at DJGF 2023 all interested
members are requested to submit
their Online application.

Phase 2Registration Straded
1 Number Response from 25000+ Jewellers
Visitor Registration in phase 1

Phase 2 Visitor Registration Started
from 16th August 2023

@ Just Rs 250/-

Hurry! Register and get your entry badge now.
Onsite Show Days Visitor Registration Charges - Rs.2000/-

Vol 1 - Issue 4 - Monday, 21 August’202301

#1 Ek Number, DGJF held out
an encouraging roadshow inthe delightful city of Agra
DJGF organized Agra Roadshow held successfully
concluded with a good mix of wholesaler andretailers from Agra & Nearby Agra core areas. We
would like to thanks Exhibitors & Buyers to attend
the meet. We specially appreciate to all Jewellery
Associations like Sarafa & Swarnakar committee
Loha Mandi (Agra), Agra Sarafa Manufacturing
Association, Agra Sarafa Association, Jewellers
Association Agra, Sarafa Swarnakar Vyavsayik
Committee for their extended support.

DJGF 2023 announced their next ROAD SHOW on

16nd September’23 at AMBALA& invites to all GJ Industry Members of all over Haryana State& nearby cities to attend the show

This year DJGF introducing upcoming
jewellers as Rising Stars Pavilion.

Given a good opportunity to showcase their versatile collections

Since its inception 11 years
ago, DJGF has surpassed
its role as a conventional
exhibition and has become
the primary national platform forthe Indian jewellery manufacturingindustry to network with global
retailers. This edition of DJGF hasmany new and innovative features.
We Started the Rising Star pavilion
this year, which is presenting
upcoming Jewellers, which arestarted the business recently &they want’s to participant with small
space in show. This time, we tried

Vol 1 - Issue 4 - Monday, 21 August’2023

to be more outward looking, andhave brought in upcoming jewellers
and share valuable 6 sqmtr Booth
space to them started their journeywith DJGF. They will also launch
their new products at designated02time slots. For a glimpse of exciting
new talent, we encourage upcoming
Jewellers in the name of Rising
Stars. We invite to all GJ members
to visit the Rising Star pavilionfeaturing Budding Jewellers.

WEEKLY CONNECT

Govt may add 56 new gold
hallmarking centres, mulls
mandatory marking of bullionT

he government is considering
expanding the scope of
mandatory gold hallmarking,by adding 56 new regions tothe existing network of 288 districtsin the country. The Bureau of IndianStandards (BIS) - which is thenational standards body of the country
operating under the Union Ministry ofConsumer Affairs, Food and Public
Distribution - is actively working in thisregard.
The government has convened ameeting with various stakeholders,
including jewelers, associations andBIS, on Thursday, August 17, to discuss
the expansion of the mandatory
gold hallmarking. A notification may
be issued after the conclusion ofdeliberations on Thursday.

Mandatory markingof bullion will likely
be discussed in themeeting as well.
Earlier, BIS - which
ensuresthat
quality goods andservices
reachconsumers throughvarious schemes restricted the saleof hallmarked gold
jewellery or gold artefacts without asix-character identification number.
Also known as the Hallmark Unique
Identification Number (HUID), thisalphanumeric number - aimed atensuring the safety and protecting theinterest of the consumer - is issued at
the time of hallmarking of a piece ofjewellery under the new rules.
Currently, gold hallmarking comprises
three markings - the BIS Hallmark,figure mentioning the purity of goldin carats and fineness, and the sixcharacter HUID code.

Sudha Reddy unveils Shiv Narayan Jewellers’
new masterpiece ‘Shri Ananth Padmanabhaswamy’in HyderabadS

hiv Narayan Jewellers held an exclusive unveiling(16th August) of their latest masterpiece, ‘Shri Ananth
Padmanabhaswamy’. The event was hosted by SudhaReddy, the renowned entrepreneur, philanthropist, andstyle icon, at her residence in Hyderabad.The masterpiece hadgarnered attention earlier at the India International Jewellery Show(IIJS) 2023, where it was officially launched.
The event marked a fusion of art, culture, and luxury, and guests
were left spellbound by the intricate beauty of Shri Ananth
Padmanabhaswamy. Inspired by the divine idol enshrinedin the iconic Shri Ananth Padmanabhaswamy Temple in
Thiruvananthapuram, Kerala, the jewel captures every intricate
detail of the original with remarkable precision. The depiction ofLord Vishnu in the Yoga Nidra (Yogic Sleep) position, with his handgently resting on a Jyotirlinga representing Lord Shiva, and Lord
Brahma seated atop a lotus that emerges from Vishnu’s navel, is a
sublime representation of ancient Indian scriptures.
Shri Ananth Padmanabhaswamy measures 8 inches in height
and an astounding 18 inches in length. Handcrafted by 32 peopleworking 16 hours every day for 2 months, this paragon piece
weighs an astounding 2.8 kg. Adorned with around 75,000 highquality diamonds, totalling an astounding 500 carats, Sri Ananth
Padmanabhaswamy is a sight to behold. Each diamond has beenthoughtfully sourced, masterfully polished, skilfully set. It boasts thefinest Zambian emeralds and natural burmese rubies that fabricate
a spectacular, mesmerising look perpetuating divine elegance.

WEEKLY CONNECT03

Vol 1 - Issue 4 - Monday, 21 August’2023

Indian diamond industry set to focus ondomestic markets and ASEAN countries

The Indian diamond industry
is set to focus on domestic
markets
andemerging
markets in ASEAN countries
in an attempt to neutralise the impactof reduced demand from the US andthe European Union (EU).This movecomes after reports that diamonds
originating from Russia may bebanned.
Vipul Shah, Chairman, Gem andJewellery Export Promotion Council(GJEPC), said that the outcomeof the ongoing discussions onfuture business prospects involving
diamonds originating from Russia
is still unclear.”The intention of theWestern countries, that they do notwant to finance the Russian diamondbusiness,is clear. The Government
and industry are trying to work out
the modalities of a fool-proof methodof assessing the traceability ofdiamonds,” Shah said.
He said that it is still unclear whether
or not a ban will be imposed by theUS and other developed economies.
“If this happens, we are preparing
ourselves to switch focus to new andemerging markets, including ASEAN
countries, Vietnam and Cambodia.
At the recently concluded India
International Jewellery Show, we hada participation of 2,100 buyers from69 countries and business worth morethan Rs 70,000 crore was transacted
during this exhibition.”
Shah further added that the current
demand from the US and Chinese
markets is lower than the usual
demand from these markets.
In 2019, global diamond production
stood at 142 million carats amounting
to $13.9 billion, while the value after
grading, cutting and polishing wasat $29.7 billion. The global jewellerymarket is currently valued at $79
billion, according to a report in theFinancial Express.

concern for us as the Indian market
is our main focus,” he said.He further
added that the upcoming festival
season could see a good demandbecause a diamond is perceived asa luxury product and an investment
option.

Russia has the highest diamondreserves in the world. In 2022, Russian
diamond production touched 41.92
million carats, with Botswana andCanada ranking second and third with
24.5 million carats and 16.3 million
carats, respectively.

According to the FE report, De Beers(Luxembourg), Alrosa (Russia) and
Rio Tinto (British-Australian) are
the top three diamond producers inthe world. These three companies
account for more than 60% of global
diamond production.

In 2022, the market value for Russian
diamond production was estimated at$3.55 billion, while the market valueof Botswana’s production was $4.7billion.

Shimmering SilverSplendor!
North India’s 1st Exclusive
Silver Jewellery Show colocated with DJGF in Hall
No-2 is finally here!

Amit Pratihari, vice-president De
Beers Forevermark, one of the top
three diamond producer companies
in the world, said that the international
diamond market is being affectedby the inflationary tendencies andgeo-political disturbances across theworld.”However, this is not a cause ofVol 1 - Issue 4 - Monday, 21 August’2023

Get ready to explore an exquisite
array of shimmering elegance andtimeless designs. Join us as wecelebrate the beauty of silver in itspurest form. Mark your calendars
and be a part of this extraordinary
showcase!
Exhibition Dates:
30 Sept- 1st & 2nd October 2023
Venue: Pragati Maidan,New Delhi

04

WEEKLY CONNECT

Graduating designers of IIGJ Mumbai
felicitated at glittering awards ceremonyof Glimpz 23 in which winners ofvarious categories were announcedand trophies awarded, based on
the selectionmade earlier by theesteemedjury panel. The jury panel
comprised eminent dignitaries of thejewellery and fashion world, namely,
Laksh Pahuja, Jewellery Virtuoso,
Meher Castelino, fashion icon andwriter, Yogendra Tripathi, VP-ProductDevelopment, Goldstar Jewellery
Pvt. Ltd. and Indra Jadwani, jewellery
designer and consultant.

T

he Indian Institute of Gems& Jewellery Mumbai (IIGJMumbai) held a glittering
awards ceremony to honour
the outstanding achievements ofitsgraduating designers. The event
took place at the recently concluded
IIJS Premiere.
Glimpz, the highly acclaimed annualshowcase of emerging jewellery

designers, has been a hallmark
of IIGJ Mumbai’s commitment tofostering talent and innovation within
the jewellery industry. The ceremony
witnessed an impressive gatheringof industry leaders, design experts
and dignitaries who were present torecognise the remarkable contributionsof the graduating designers.
The event was the grand finale

Augmont Gold offering thePerfect Gift of Digital Gold on
Rakhi Celebrations

Several dignitaries from the worldof gems and jewellery graced theoccasion, among whom were Milan
Chokshi,Partner,
Tanvirkumar& Co. (Chairman, IIGJ Mumbai),
Punit Mehta, CEO, D.Navinchandra
Jewels (Director, IIGJ Mumbai), Amit
Pratihari, VP, De Beers Forevermark(India), Leena Amin, National Training
Manager, De Beers Forevermark,Nirupa Bhatt (Expert/Consultant,Jewellery Industry) and Debasish
Biswas, CEO IIGJ, among others.
The Glimpz 23 awards ceremony
reaffirmed IIGJ Mumbai’s commitment
to nurturing the next generation ofjewellery designers and positioning
them as trailblazers in the global
jewellery landscape.

Raksha Bandhan is an auspicious day because itcommemorates the lovely relationship between
a brother and a sister and giving Digital Gold on
Raksha Bandhan may be the warmest and purestpresent you can give to your beloved sisters.
Augmont Gold For All covers the entire gold lifecycle,providing retail customers with a one-stop-shop solution. It
facilitates gold deposits, financing, and EMI purchases ofgold and silver.
This Raksha Bandhan, present your sister the gift of security
by purchasing digital gold. It is an ideal present because itis regarded as auspicious, valuable, and something that canbe treasured throughout time. It can provide a reliable safety
net and be helpful in times of need. Digital Gold is safe andsecure as one can use the mobile app to purchase virtually.
Augmont’s Digital Gold is available on the mobile app 24
hours a day and can be delivered to sisters (or other familymembers) on the day itself. There are also several virtual
gift wrappers available for a more personal touch. Whenit comes to purchasing Augmont’s digital gold, you have a
lot of possibilities. Augmont’s digital gold, for example, isavailable in various denominations beginning at 1 rs.

WEEKLY CONNECT05

Vol 1 - Issue 4 - Monday, 21 August’2023

Show Glimpz

VISITOR REGISTRATIONVISITOR REGISTRATION PHASE
PHASE 1PHASE 2PHASE 3Till 15 August

16 August to 29 September

30 September to 2 October

Free Entry

Rs 250/-Rs 2000/-

CONTACT DETAILSVol 1 - Issue 4 - Monday, 21 August’2023

06

WEEKLY CONNECT