GEM AND JEWELLERY EXPORT PROMOTION COUNCIL
GJEPC presents 50thIndia Gem & Jewellery Awards (IGJA) to the Brightest Jewels in India’s Exports’ Crown
Maharashtra’s Governor Shri Ramesh Bais & Shri Mukesh Ambani (CMD, Reliance Group) grace GJEPC’s 50th IGJ Awards
Shri Russell Mehta (Rosy Blue) bestowed with Lifetime Achievement Award
24 IGJ Awards included Women Entrepreneur of the Year & Best Bank
Since its inception in 1974, the IGJA has been an emblem of excellence in the gem and jewellery industry, recognizing the entrepreneurial spirit and innovation that propel the industry forward. Every year, IGJA honors the best of the best, showcasing the pinnacle of achievement in the gem and jewellery sector. This prestigious ceremony celebrates companies and partners whose contributions have made the industry a shining example of export excellence. IGJA has evolved over the years to embrace new categories, including social responsibility, innovation, and entrepreneurship, reflecting the dynamic nature of our industry.
Shri Ramesh Bais, Hon. Governor, Maharashtra State, was the chief guest for the magnificent awards ceremony and Business tycoon Shri Mukesh Ambani (Chairman & MD, Reliance Industries Ltd) graced GJEPC’s 50th edition of the IGJ Awards as Guest of Honour. Representing GJEPC were: Shri Vipul Shah, Chairman, GJEPC; Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri Anoop Mehta, President, Bharat Diamond Bourse; Shri Milan Chokshi, Convener, Promotions & Marketing, GJEPC; and Shri Sabyasachi Ray, Executive Director, GJEPC. Shri Sriram Natarajan (Managing Director, GIA India) was also present along with the who’s who, captains and doyens of India’s gem & jewellery exports’ industry.
Shri Russell Mehta, MD, Rosy Blue (India), was bestowed with the Lifetime Achievement Award for his exemplary/ impeccable contribution and serving as an inspirational model in the world of Gems & Jewellery. Shri Ramesh Bais, Hon. Governor, Maharashtra State, gave the award in the presence of Shri Mukesh Ambani (Chairman & MD, Reliance Industries Ltd).
Shri Ramesh Bais, Hon. Governor, Maharashtra State, said, “I am pleased to know that the Gem & Jewellery Export Promotion Council (GJEPC) is organising the India Gem & Jewellery Awards function in Mumbai on 30" March 2024. The Indian Gem and Jewellery industry accounts for 7 per cent of India's GDP and employs more than 5 million skilled and semi-skilled workforce. It is heartening to note that Maharashtra is a major hub for gem and jewellery exports. The GJEPC is playing a significant role in promoting Brand India through its multifaceted work for the industry and its members. I am sure, members of the Council will make their maximum contribution in realizing India’s goal of achieving a 5 trillion dollar economy. I congratulate all the awardees who are being honoured at the GIEPC 50th India Gem & Jewellery Awards and wish the Council success in its future endeavours.”
While addressing a packed hall of diamond, gem and jewellery trade, Shri Mukesh Ambani, CMD, Reliance Group, said, “I admire all that diamond exporters have achieved as you represent the true meaning of entrepreneurship and enterprise. I wish to extend my warm and heartfelt congratulations to all distinguished award winners in the 50th India Gem & Jewellery Awards. The golden jubilee of these prestigious awards not only signifies a proud milestone for the Gem & Jewellery Export Promotion Council (GJEPC), but it also highlights both the grand heritage and the dazzling future of the Indian gems and jewellery industry.
Evolving remarkably over the years, the industry has emerged as a leading player in the global luxury market, as well as a pivotal contributor to India’s export economy. It has also become a major generator of large-scale employment opportunities. Thanks to this industry’s unremitting focus on innovation-led growth, the world today stands in awe of the power of Indian design, the creativity of Indian designers, the quality of Indian materials, and the sheer range of India’s aesthetics in products that cater to diverse customers. As a result, the industry is poised to more than double its share in the global market in the coming years.
At the heart of this success lies GJEPC’s relentless efforts and visionary leadership that has propelled the industry to such lofty heights. The GJEPC has championed the cause of Indian gems and jewellery on the global stage, and has also played a crucial role in nurturing research, ensuring sustainable practices, and facilitating skill development within the sector. The jewellery industry’s remarkable resilience and adaptability, particularly during uncertain economic periods, is proof of the stellar role played by the GJEPC.
I am confident that, with the GJEPC continuing to provide strategic guidance and encourage innovation, the talent and the passion of our entrepreneurs and professionals will propel the Indian gems and jewellery industry to greater heights. I am confident that India’s gem & jewellery industry will touch the 100 billion dollar mark within the next few years.”
Moving forward, the industry's trajectory aligns closely with our Honourable Prime Minister Shri Narendra Modi's vision of a prosperous and sustainable India or Viksit Bharat. GJEPC has been wholeheartedly committed to this cause, actively undertaking initiatives to drive growth and sustainability. These efforts not only contribute to the industry's expansion but also ensure its alignment with the principles of Viksit Bharat,” added Shri Shah.
The 50th Edition IGJA recognised every sector contributing to the Gems & Jewellery Industry in their own way while felicitating, recognizing & nurturing talent and mentorship in the industry (large players as well as M/SMEs) – winners included names such as Renaissance Global Ltd., Vaibhav Global Ltd., Emeral Jewel Industry India Ltd., Laxmi Diamond, Kiran Gems, Kiran Exports, Hasmukh Parekh Jewellers, Ashok Jewellers, Jewelex India, Kiran Jewellery, Shree Momai Krupa Jewellery, Dhanera Diamonds, Oopal Diamonds, Amrapalli Exports, Industrial Jewels, Green Lab Diamonds among others.
Mrs. Heena Vimal Dhorda from M/s Shree Aavad Kruppa Jewellery and Mrs. Foram Mehul Dhakan from M/s Shree Aavad Kruppa Jewellery won the Woman Entrepreneur of the Year.
Indusind Bank Ltd. won the Best Bank Financing the Gem & Jewellery Industry (Highest growth of limit sanctioned with minimum base of Rs. 500 crore).
Sr. No | Award Category | Name of the Award | Name of the Winner |
1 | Felicitation Awards | Lifetime Achievement Award | Russell Mehta |
2 | Special Recognition Awards | Highest Taxpayer Company | Kiran Gems |
3 | Highest Turnover | Kiran Gems | |
4 | Industry Performance Awards | Cut & Polished Diamonds (Large) | Kiran Gems |
5 | Cut & Polished Diamonds (Medium) | Dhanera Diamonds | |
6 | Cut & Polished Diamonds (Small) | Oopal Diamonds | |
7 | Precious Metal Jewellery - Plain (Large) | Hasmukh Parekh Jewellers | |
8 | Precious Metal Jewellery - Plain (Medium) | Ashok Jewels Pvt Ltd | |
9 | Precious Metal Jewellery - Studded (Large) | Jewelex India Pvt Ltd | |
10 | Precious Metal Jewellery - Studded (Medium) | Kiran Jewellery | |
11 | Precious Metal Jewellery - Plain & Studded (SME) | Shree Momai Krupa Jewllery | |
12 | Silver Jewellery | Renaissance Global Limited | |
13 | Cut & Polished Colored Gemstones | Vaibhav Global Limited | |
14 | Costume/ Fashion Jewellery | Amrapali Exports | |
15 | Cut & Polished Synthetic Stones | Industrial Jewels Private Limited | |
16 | Lab Grown Diamond (Highest exports) | Green Lab Diamonds | |
17 | Most Socially Responsible Company (CSR) | Laxmi Diamond Private Limited | |
18 | Special Recognisation Awards | Highest Employment on the Company Rolls | Emerald Jewel Industry India Limited |
19 | Highest Gems & Jewellery Sales (Importer) - USA and Canada | Unique Designs Inc | |
20 | Highest Gems & Jewellery Sales (Importer) - Asia (other than India) | Kiran Exports (Hong Kong) Limited | |
21 | Highest Gems & Jewellery Sales (Importer) – Europe | Kiran Exports NV | |
22 | Award for Best Innovative Marketing and Branding Campaign Overseas | Kiran Gems | |
23 | Felicitation Awards | Woman Entrepreneur of the year | Mrs. Heena Vimal Dhorda from M/s Shree Aavad Kruppa Jewellery |
24 | Banks and Agencies Supporting the Gems and Jewellery Industry Awards | Best Bank Financing the Industry (Highest Growth of limit sanctioned with Minimum base of Rs 500 crore) | Indusind Bank Ltd |
About The Gem and Jewellery Export Promotion Council (GJEPC)
The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today over 10,000 members in the sector. With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.
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