The Gem & Jewellery Export Promotion Council (GJEPC) recently hosted the 50th India Gem & Jewellery Awards (IGJA), recognizing the shining stars of India’s jewellery export sector. Powered by the Gemological Institute of America (GIA), the prestigious event celebrates excellence and innovation within the Indian gem and jewellery industry.
Every year, the IGJA gala event pays tribute to companies and individuals whose dedication and efforts have elevated the industry to global recognition. Over time, the IGJA has expanded its scope to acknowledge excellence in various areas such as social responsibility, innovation, and entrepreneurship.
At this year’s ceremony, the GJEPC presented a total of 24 awards, including 14 Industry Performance Awards, 7 Special Recognition Awards, 2 Felicitation Awards, and 1 Bank Supporting the Gems & Jewellery Industry Award.
Distinguished guests at the event included Honourable Governor of Maharashtra Ramesh Bais and Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, who graced the occasion as the guest of honour. Representing the GJEPC were prominent figures such as GJEPC chairman Vipul Shah and GJEPC vice chairman Kirit Bhansali, among others. Also in attendance were notable personalities from the gem and jewellery exports industry, including Sriram Natarajan, managing director of GIA India.
Russell Mehta, managing director of Rosy Blue (India) received the Lifetime Achievement Award in recognition for his exceptional contributions and inspirational leadership in the realm of gems and jewellery.
Honourable Governor of Maharashtra Ramesh Bais says, “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.”
While addressing a packed hall of diamond, gem and jewellery trade, Mukesh Ambani said, “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.”
GJEPC chairman Vipul Shah says, “Today, India stands tall as a global leader in the gem and jewellery sector. Our exports continue to rise, our domestic market flourishes, and our artisans inspire the world with their intricate creations. This progress is a direct reflection of the hard work, dedication, and collective vision of the industry stakeholders. GJEPC’s dedication in championing and advancing this dynamic industry has been pivotal in solidifying India’s stature as a key player in the global gem and jewellery market. The global marketplace is dynamic, and the Indian gem and jewellery industry must embrace innovation, sustainability, and responsible sourcing to maintain its competitive edge. As we mark the 50th IGJA, we not only applaud the remarkable achievements of individual exporters but also acknowledge the collective endeavours of the industry at large. The 50th IGJA ceremony is a significant milestone, reflecting the Council’s remarkable dedication and leadership in nurturing the industry’s growth and success.”
GJEPC vice chairman Kirit Bhansali added, “A proud moment for all of us today as we celebrate the 50th anniversary of the India Gem and Jewellery Awards. Over the past five decades, our industry had come a long way, growing stronger with each passing year. Today, India is the preferred sourcing destination for gems and jewellery for the world. The impressive annual exports of gem and jewellery industry, valued at USD 40 billion, showcase the dedication and ambition of every exporter who dared to dream big.”
Sriram Natarajan, managing director of GIA India, said, “I am honoured to extend my heartfelt congratulations to GJEPC on the Golden Jubilee of its IGJA. This is a significant milestone in our industry’s history, and the dedication and commitment shown by GJEPC in recognizing excellence within the gem and jewellery sector is truly commendable. We collaborate with GJEPC on several key initiatives that help in ensuring the continued growth and prosperity of the Indian gem and jewellery industry.”
