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APGJF 2022: A Record-Breaking Success for the Jewelry Industry
“Andhra Pradesh Gem and Jewellery Fair (APGJF) 2022 Shines Bright with Record-Breaking Footfall and Maximum Orders”
Exhibitors Experience Unprecedented Success from the Start
The show, which was held at the SS Convention Centre in Vijayawada on December 17th and 18th, attracted a large number of jewellers from across the southern states of India.
The event witnessed High Footfall and Maximum Orders
The exhibition saw record-breaking footfall, with trade visitors flocking to the venue from not only Andhra Pradesh but also from neighbouring states. The show generated business beyond expected levels for all exhibitors, particularly during the upcoming wedding and festival season.
Jewelry Industry’s Elite Recognized at Stars of Andhra Awards & Networking Nite
The APGJF also hosted the Stars of Andhra Awards & Networking Nite, an event held to recognize the stalwarts of the jewellery industry. The event took place at the Taj Vivanta on December 17th.
Organisers Reveal Plans for an Even Bigger and Better APGJF 2023.
The success of the APGJF 2022 has led to the announcement of the dates for the next fair. The APGJF 2023 will be held from December 8th to 10th, 2023.
The APGJF was organised by the Andhra Pradesh Bullion Gold Silver and Diamond Merchants Association and United Exhibitions, who reported that an aggressive promotional campaign and an eagerness among the trade led to the fair’s tremendous success. The organisers also announced that the fair will be a 3-day event in 2023 to ease the movement of crowds and facilitate trade visitors coming from longer distances.
Overall, the APGJF 2022 was a grand success that was celebrated by the entire jewellery industry. Organisers and exhibitors look forward to welcoming trade visitors, sponsors, and media to the APGJF 2023, which promises to be even bigger and better.
BrandBuzz
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
In a landmark decision that will significantly ease compliance for thousands of jewellery businesses across India, the Ministry of Corporate Affairs (MCA) has revised the definition of “Small Company” under the Companies Act, 2013, effective 1st December 2025.GJC published and sent out this important update to the jewellery trade.
New Eligibility Criteria (both conditions to be satisfied):
- Paid-up Share Capital : ≤ Rs.10 Crore (earlier Rs.4 Crore)
- Annual Turnover : ≤ Rs.100 Crore (earlier Rs.40 Crore) (as per the latest audited financial statements)
Any company exceeding even one of the above limits will cease to be a Small Company.
Key Benefits for Jewellers (Private Limited & Family-Owned Firms):
- Only 2 Board Meetings required in a year
- Exemption from mandatory Internal Audit in most cases
- Substantially lower penalties for defaults
- Simplified Annual Return via Form MGT-7A
- No need to prepare Cash Flow Statement in financials
- Exemption from mandatory Auditor Rotation – continue with existing trusted auditors
- Reduced overall compliance cost and administrative burden
GJC advised jewellery firms to immediately review their Paid-up Capital and Turnover for FY 2024-25 to confirm eligibility and start availing the relaxations from the current financial year itself.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.