Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

‘Manthan 2019’ kicks off in Mumbai with enthusiasm

03 july 2019
The All India Gem & Jewellery Domestic Council’s (GJC)  flagship event ‘Manthan - Gems & Jewellery Conclave 2019’ to be held on 2 & 3 July was launched at Hotel Sahara Star, Mumbai. Over 1,000+ attended the event, as the heavy rains in Mumbai failed to dampen the enthusiasm of Day 1 of ‘Manthan 2019’, with keywords by corporate India speakers where Customer first; Values; Culture Compliance; Technology adaption; Market development and so on.

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Image credit: GJC


Speaking on the subject of the creation of world-class institution, Vikram Limaye, MD & CEO, NSE, said that NSE overcame several challenges by adaption of technology etc but said these are relevant to jewellers too. He also mentioned that NSE is keen to develop a Gold Spot Exchange with the right structure. Kewal Handa, Chairman, Union Bank of India, said that bankers are not averse to lending to jewellers. Trust & Transparency are the keys – he said. He said that the gems & jewellery sector should take inspiration from other industries such as the pharmaceuticals industry, which reformed themselves and set up systems and processes for getting more organised. Biju Patnaik, EVP, IndusInd Bank, said that gems & jewellery business funding is complex. The primary collateral is stock and it is more about inventory financing as the collaterals are moving stock - don’t remain with the lender.
Anantha Padmanabhan, Chairman, GJC, said, “Inspirational leaders from corporate India reinforced that customer is always right. Anything is possible for jewellers if they conform to their family values and traditional business practices while incorporating change management of the present for a better future. Manthan is the churning of thoughts, vision and insights, which will result in a new mindset, mission and ethos. Manthan led to a lot of self-belief, self-confidence and self-worth amongst jewellers leading to believe in ‘Whatever It Takes’ motto for being successful in business despite all odds.”

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished