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Creativity Takes Center Stage: IIG Students Shine at NJA 2025

IIG has been an Education Partner of NJA for seven consecutive years, and have together consistently strived to identify, nurture, and showcase the finest emerging talent from the industry.

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The International Institute of Gemology (IIG), a pioneer and global thought leader in gem and jewelry education, proudly celebrates the triumph of its students at the prestigious National Jewellery Awards (NJA) 2025. This year, four IIG talents, Pratibha Sheshagiri, Priyanshi Chaudhary, Siddhi Lokhande, and Ujjwal Adeshara, emerged victorious on one of India’s most respected platforms for jewelry design and innovation. More than a win, their success stands as evidence to what education, mentorship, and opportunity can achieve when combined with passion and perseverance.

For IIG, these triumphs signify more than individual awards. They reflect the institute’s founding philosophy, established in 1965: to provide every aspiring jewelry professional, irrespective of geography, background, or access. The mentorship, confidence, and platform to compete at the highest levels of excellence.

Rahul Desai, CEO & MD of IIG, reflects: “It has always been my vision that every IIG student, from their very first sketch to their hundredth creation, finds recognition that authentically reflects their journey. The NJA makes dreams come true by creating an equal platform where creativity is celebrated without boundaries. Over the decades, IIG has evolved from an institute of gemology into a complete ecosystem of learning and leadership. We don’t merely train skills, we cultivate mindsets. We teach our students to design with intention, influence with purpose, lead with conviction, and most importantly, present their vision with clarity, confidence, and without limits.”

This philosophy of equal access is also why IIG has instituted a dedicated Scholarship Program at NJA worth lakhs of rupees. These scholarships are designed to ensure that passionate and hardworking students, irrespective of their background, are given equal opportunity to learn, grow, and eventually be absorbed into the Gem & Jewelry industry.

Gunjan Sapra, COO and head of department, IIG, adds: “I know the value of a good design. Having dedicated my life to designing, I deeply understand what it means for a student when their creation is not only appreciated but celebrated. Recognition should never be limited by geography or circumstance. A child from a Tier 2 city may carry as much zeal, if not more, than one from a Tier 1 hub. An offline student’s passion may rival that of someone in a structured classroom, and vice versa. What NJA has created is remarkable… it places every student on the same stage, giving them equal opportunity. That is both humbling and inspiring.”

The NJA victories of Pratibha, Priyanshi, Siddhi, and Ujjwal highlight this philosophy. Year after year, IIG consistently grooms and prepares its students to participate in such prestigious competitions, showcasing their talent and skills not only at national platforms like NJA but also on global stages. Their success reflects not only technical mastery, but also resilience, creativity, and the courage to present their work on a national stage.

As Rahul Desai further emphasizes: “Knowing how to design is one thing. Knowing how to present your vision with boldness, that is where true success lies. At IIG, we mentor not just skills, but confidence. That is what transforms a student into a leader, and a dream into a reality that impacts lives.”

Since its founding, IIG has stood as an academic and professional hub for the jewelry industry. Today, guided by Rahul Desai’s leadership, the institute is recognized as the “world-class center of Gemology and Jewelry Education”.

The NJA stage this year was indeed a proof that opportunity, when combined with the right ecosystem, produces excellence. Proof that talent can emerge from anywhere, and when given the stage, it shines without limit.

For the winners, this is not an endpoint, but a beginning, the beginning of many more dreams that do not remain sketches on paper, but evolve into creations that inspire, influence, and endure.

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GJEPC,  IndusInd Bank Host Webinar On FEMA Guidelines For GJ Exporters

Webinar Outlined How The Updated Regulatory Framework Enhances Operational Ease While Adjusting Key Trade Timelines.

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GJEPC in association with IndusInd Bank, held a joint online webinar aimed at explaining the revised Foreign Exchange Management Act (FEMA) guidelines and their direct operational impact on the gem and jewellery trade. 

The interactive session featured key industry figures and financial experts, including Prakash Kumar Rath (Head – Gems, Jewellery and Diamond Division, IndusInd Bank), Mital Doshi (Convenor – Banking, Insurance and Taxation Sub-committee, GJEPC), and Sumit Dolwani (Manager – Trade Policy, GJEPC). Together, they outlined how the updated regulatory framework enhances operational ease while adjusting key trade timelines. 

Shorter Export Realisation Periods: Timelines for foreign currency invoices have been adjusted from 12 months down to 9 months, while Rupee invoices have been revised from 15 months down to 12 months. 

Greater Flexibility for Extensions: Authorised Dealer (AD) banks can now grant time extensions based on individual transaction circumstances, significantly reducing the requirement for routine Reserve Bank of India (RBI) referrals. 

Revised Import Payment Timelines: Import payments will now be governed primarily by commercial contracts, replacing the former rigid six-month and 360-day restrictions. 

Greater Discretion on Advance Payments: Banks have been given enhanced flexibility in framing internal policies for advance remittances instead of strictly adhering to fixed monetary thresholds. 

Flexibility in Third-Party Payments: Third-party payments are now permitted subject to prescribed regulatory conditions and the satisfaction of the AD bank. 

Simplified Handling of Pending Cases: AD banks can directly resolve outstanding EDPMS and IDPMS cases without needing to refer every individual matter to the RBI. 

Speakers emphasized that exporters must maintain precise records and complete supporting documentation for all transactions, including those monitored through EDPMS and IDPMS. 

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