Mumbai, 31st March 2024 (GNI): Shri Ramesh Bais, Hon. Governor, Maharashtra State, chief guest presents GJEPC’s India Gem & Jewellery Lifetime Award to Shri Russel Mehta, MD, Rosy Blue Group; in the presence of Business tycoon Shri Mukesh Ambani, Chairman & MD, Reliance Industries Ltd.; Shri Vipul Shah, Chairman, GJEPC (2nd from right); Shri Anoop Mehta, President, Bharat Diamond Bourse (extreme right); Shri Milan Chokshi, Convener, Promotions & Marketing, GJEPC; during 50th edition of the IGJ Awards presented by the Gem & Jewellery Export Promotion Council (GJEPC) in Mumbai – photo by GNI
Mumbai, 31st March 2024 (GNI): Shri Mukesh Ambani, Chairman & MD, Reliance Industries Ltd. addresses the diamond, gem & jewellery trade during 50th edition of the IGJ Awards presented by the Gem & Jewellery Export Promotion Council (GJEPC), in Mumbai – photo by GNI
Mumbai, 31st March 2024 (GNI): Shri Mukesh Ambani, Chairman & MD, Reliance Industries Ltd. presents GJEPC’s India Gem & Jewellery Award in the presence of Shri Ramesh Bais, Hon. Governor, Maharashtra State; Shri Vipul Shah, Chairman, GJEPC (extreme right); and Shri Kirit Bhansali, Vice Chairman, GJEPC (extreme left); during 50th edition of the IGJ Awards presented by the Gem & Jewellery Export Promotion Council (GJEPC), in Mumbai – photo by GNI
Mumbai, 31st March 2024 (GNI): Shri Mukesh Ambani, Chairman & MD, Reliance Industries Ltd. presents GJEPC’s India Gem & Jewellery Award in the presence of Shri Ramesh Bais, Hon. Governor, Maharashtra State; Shri Vipul Shah, Chairman, GJEPC (extreme right); and Shri Kirit Bhansali, Vice Chairman, GJEPC (extreme left); during 50th edition of the IGJ Awards presented by the Gem & Jewellery Export Promotion Council (GJEPC) in Mumbai – Photo by GNI
Mumbai, 31st March 2024 (GNI): Shri Ramesh Bais, Hon. Governor, Maharashtra State, chief guest presents GJEPC’s India Gem & Jewellery Lifetime Award to Shri Russel Mehta, MD, Rosy Blue Group; in the presence of Business tycoon Shri Mukesh Ambani, Chairman & MD, Reliance Industries Ltd.; Shri Vipul Shah, Chairman, GJEPC (2nd from right); Shri Anoop Mehta, President, Bharat Diamond Bourse (extreme right) during 50th edition of the IGJ Awards presented by the Gem & Jewellery Export Promotion Council (GJEPC), in Mumbai – photo by GNI
Mumbai, 31st March 2024 (GNI): Shri Kirit Bhansali, Vice Chairman, GJEPC honours Shri Mukesh Ambani, Chairman & MD, Reliance Industries Ltd. during 50th edition of the IGJ Awards presented by the Gem & Jewellery Export Promotion Council (GJEPC) , in Mumbai – photo by GNI
Mumbai 31st March 2024 (GNI) : (L-R): Shri Mukesh Ambani, Chairman & MD, Reliance Industries Ltd; Shri Ramesh Bais, Hon. Governor, Maharashtra State; Shri Vipul Shah, Chairman, GJEPC and Shri Anoop Mehta, President, Bharat Diamond Bourse in Mumbai – photo by GNI
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
National, 31st March 2024 (GNI): The Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 50th India Gem & Jewellery Awards (IGJA), to the brightest jewels in India’s exports’ crown. GJEPC presented a total of 24 IGJ Awards: 14 – Industry Performance Awards; 7 – Special Recognition Awards; 2 – Felicitation Awards; and 1- Bank supporting the Gems & Jewellery Industry Awards. IGJA is powered by GIA – Gemological Institute of America, The World’s Foremost Authority in Gemology.
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.
Shri Kirit Bhansali, Vice Chairman, GJEPC, 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.”
Shri Sriram Natarajan, Managing Director of GIA India said, “I am honored to extend my heartfelt congratulations to GJEPC on the Golden Jubilee of its India Gem & Jewellery Awards (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 jewelry 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 jewelry industry.”
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 won the Lifetime Achievement Award. 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).
winner List 2022-23:
| 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) Exports Rs. 1000 Crore & above | Kiran Gems |
| 5 | Cut & Polished Diamonds (Medium) Exports Above Rs. 250 crore upto Rs. 1000 crore | Dhanera Diamonds | |
| 6 | Cut & Polished Diamonds (Small) Exports Below Rs. 250 crore | Oopal Diamonds | |
| 7 | Precious Metal Jewellery – Plain (Large) Exports Above Rs. 250 crore | Hasmukh Parekh Jewellers | |
| 8 | Precious Metal Jewellery – Plain (Medium) Exports Above Rs. 100 crore upto Rs. 250 crore | Ashok Jewels Pvt Ltd | |
| 9 | Precious Metal Jewellery – Studded (Large) Exports Above Rs. 500 crore & above | Jewelex India Pvt Ltd | |
| 10 | Precious Metal Jewellery – Studded (Medium) Exports Above Rs. 100 crore up to Rs. 500 crore | Kiran Jewellery | |
| 11 | Precious Metal Jewellery – Plain & Studded (SME) Exports Below Rs. 100 crore | 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 and Mrs. Foram Mehul Dhakan 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.ends GNI
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