Connect with us

New Premises

GJC Inaugurates New Office; Gems & Jewellery Industry Reaffirms Support To Government’s Economic Measures and Presents Structured Roadmap For Revitalised Gold Monetisation Scheme

GJC Strengthens Industry Representation With New Office Launch; Trade Backs Government’s Macroeconomic Strategy

Published

on

The All India Gem & Jewellery Domestic Council (GJC), representing over six lakh jewellers across India, marked another significant milestone in its journey with the inauguration of its new office at Trust House, Parel East, Mumbai. Over the past two decades, GJC has emerged as a leading national trade body advocating policy reforms, promoting transparency, encouraging responsible trade practices, and safeguarding the interests of artisans, traders, and consumers across the gems and jewellery sector.

The inauguration of the new office reflects GJC’s continued institutional growth and its commitment towards strengthening industry representation and stakeholder engagement at the national level.

The inauguration ceremony was graced by:

  • Ajay Sancheti – Former Member of Rajya Sabha
  • Pankaj Bhoyar – Hon’ble Minister of State for Home (Rural), Housing, School Education, Cooperation and Mining, Government of Maharashtra
  • Chitra Wagh – Member of Legislative Council Maharashtra
  • Rajesh Rokde – Chairman, GJC
  • Avinash Gupta – Vice Chairman, GJC
  • Members of the Committee of Administration (COA)

The event witnessed the presence of prominent industry leaders, associations, stakeholders, and members of the trade fraternity from across the country, celebrating yet another landmark achievement in GJC’s continued journey of service to the industry.

On 13th May 2026, GJC also convened a nationwide virtual meeting attended by Chairman Rajesh Rokde, Vice Chairman Avinash Gupta, past Chairmen including Ashok Minawala and Saiyam Mehra, senior industry leader Nitin Khandelwal, zonal committee members, trade associations, and jewellers from across India.

The meeting was organised to deliberate upon the Government’s recent economic measures relating to customs duty revisions on gold and silver, broader macroeconomic concerns, and the need for constructive industry participation in supporting national economic priorities.

During the discussions, the industry acknowledged the Government’s concerns relating to Current Account Deficit (CAD), foreign exchange management, and prevailing global economic uncertainties. GJC reiterated that the gems and jewellery industry has always stood shoulder-to-shoulder with the nation during challenging economic periods and remains committed to supporting measures aimed at strengthening macroeconomic stability and reducing pressure on foreign exchange reserves.

Key Discussions and Industry Suggestions

  • Recent customs duty revisions have resulted in higher landing costs of gold and silver, thereby impacting market dynamics and consumer purchasing behaviour.
  • GJC emphasized the importance of industry unity and constructive engagement with the Government while presenting structured recommendations for revitalising the Gold Monetisation Scheme (GMS).
  • Members deliberated upon the need to encourage responsible consumption patterns, with greater focus on value-added jewellery purchases and old gold exchange mechanisms and also discourage the selling pure gold bars to end consumers
  • The industry stressed the importance of promoting recycling and circulation of idle household gold within the formal economy.

Rajesh Rokde, Chairman, GJC, stated:

“We extend our sincere gratitude to Shri Ajay Sancheti ji, Shri Pankaj Bhoyar ji, and Smt. Chitra Wagh ji for gracing this important occasion and encouraging the industry through their presence. The inauguration of GJC’s new office marks an important institutional milestone for the Council and reflects the collective strength and unity of the Indian gems and jewellery fraternity.

At this important juncture, GJC and the entire industry stand firmly with the nation and respect the Government’s policy decisions taken in the larger national interest. India’s gems and jewellery sector has historically demonstrated resilience, discipline, and adaptability during periods of economic transition, and we are confident that the trade will continue to act responsibly and contribute positively towards national economic priorities.

GJC has urged its members to discourage the selling pure gold bars to end customers and promote jewellery sales by strengthening old gold exchange mechanisms, and support measures that help reduce pressure on imports and Current Account Deficit (CAD). We believe the present customs duty revisions are part of a calibrated economic approach in the prevailing scenario, and the trade should remain calm, confident, and constructive in its outlook. GJC will continue working closely with the Government and all stakeholders to ensure long-term stability, consumer confidence, and sustainable growth of the sector.”

Avinash Gupta, Vice Chairman, GJC, added:

“The establishment of GJC’s own office is a proud milestone that reflects the confidence, unity, and progress of the Indian gems and jewellery fraternity. This achievement is the result of the vision, dedication, and contribution of all past Chairmen, founding members, industry leaders and most importantly our valued members who have strengthened GJC over the last two decades.

Gold and jewellery remain deeply connected with India’s economy, traditions, and household savings culture. At this stage, the industry must continue conducting business responsibly while supporting artisans, traders, and consumers with confidence and stability.

GJC fully supports the nation’s larger economic priorities and remains committed to constructive engagement with policymakers to safeguard stakeholder interests and ensure the long-term growth and stability of the sector.

We have also submitted a structured roadmap for a revitalised Gold Monetisation Scheme (GMS), aimed at mobilising idle household gold, strengthening formalisation, reducing dependence on imports, and supporting India’s long-term economic resilience and self-reliance in the gems and jewellery ecosystem and promote Atmanirbhar Bharat.”

GJC reaffirmed its commitment to work collaboratively with the Government, policymakers, financial institutions, and all stakeholders to ensure that India’s gems and jewellery sector continues to remain globally competitive, economically responsible, and aligned with national interests.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

New Premises

Bollywood Actor, Vicky Kaushal Inaugurates Harit Zaveri Jewellers’ Flagship Showroom At Surat

Inaugurated By Vicky Kaushal, Harit Zaveri Jewellers’ 10,000 sq. Ft. Surat Flagship Blends Indian Craftsmanship, Contemporary Design and Transparent Retail

Published

on

Harit Zaveri Jewellers, the Ahmedabad-based jewellery destination founded in 2014, expands its presence across Gujarat with the opening of its new 10,000 sq. ft. flagship  in Surat. The new space at Parle Point in Surat is built on Harit Zaveri Jewellers’ founding principles: a contemporary approach to heritage Indian jewellery, transparent retail and considered design. 

Actor Vicky Kaushal, alongside Founder Harit Zaveri, inaugurated the space with a grand Kabuki Drop, marking a significant new chapter for the brand in one of Gujarat’s key jewellery markets. 

Harit Zaveri, Joint Managing Director, Harit Zaveri Jewellers shared

“We wanted someone whose public persona and approach to his work had some resonance with what we are trying to build. Vicky has that combination of reach, humility and substance. So for us, it was both a communication decision and a value alignment.”

Vicky Kaushal, Actor , as he browsed through the flagship and jewellery shared:

“When I was invited  to attend the opening of a jewellery brand in Gujarat whose ethos lay in  right craftsmanship, right quality and right price it stood out to me . In today’s fast-paced world, there is something truly special about the sincerity and quality it takes to carry forward a legacy as distinguished as Harit Zaveri Jewellers. Buying jewellery comes with a great deal of trust, and that trust is built through the values upheld over time. I’m really happy to be here in Gujarat  and be a part of the unveiling of Harit Zaveri’s  new legacy in Surat.

To me personally, jewellery is tied to  memories and celebrations, and you can feel that sentiment in the designs here”

Built on the belief in “the right craftsmanship, the right quality and the right price,” Harit Zaveri Jewellers has grown from its roots in Ahmedabad into one of the region’s most trusted jewellery names. The brand’s growth has been guided by a commitment to honest and ethical business practices, reflected in its philosophy of conducting business with fairness, transparency and equal respect for every customer.

For Harit Zaveri Jewellers, trust is not simply about the quality of the jewellery; it is also about how the business conducts itself. The brand believes customers should be able to understand what they are paying for, ask questions, compare their options and take their time before making a decision, without pressure or distinction. This approach to honest dealing forms an integral part of Harit Zaveri Jewellers relationship with its customers and its larger ambition to contribute towards changing perceptions around the jewellery profession.

The brand’s foundation is also rooted in a long-standing family legacy in jewellery through RBZ Jewellers Ltd., and this understanding of craftsmanship, quality and responsible business has continued to shape Harit Zaveri Jewellers. Today, the brand offers jewellery across everyday, occasion, statement and bridal categories, bringing together traditional Indian craftsmanship, distinctive design and a retail experience built around transparency and trust.

Now in Surat

The new Harit Zaveri Jewellers Surat flagship brings to life India Modern – the legacy’s  interpretation of how Indian jewellery retail can evolve with the times while remaining rooted in its origins. The concept brings together Indian craftsmanship, materials and cultural identity with contemporary design, technology and transparency, creating a spacious and considered interiorscape designed around the experience of discovering and wearing jewellery. The flagship is conceived not merely as a display space, but as an environment where jewellery remains the protagonist and every element supports how it is discovered. Having established itself in Ahmedabad with a strong foundation of ethics and integrity, the brand now expands to Surat, bringing the same values and commitment to its customers. 

The Harit Zaveri Jewellers flagship uses Indian stone, sandstone, wood, brass and crafted surfaces alongside clean geometry, layered lighting and generous circulation. Rather than using traditional Indian elements as decoration, the design draws from ideas of proportion, rhythm, thresholds, screens and framed views to create a space that feels distinctly Indian without being conventional, allowing the consumer’s experience to remain at the centre. The space is designed by Rahul Bansal, Partner at group DCA.

At Harit Zaveri Jewellers, jewellery is more than ornamentation – it is a reflection of the wearer, her individuality and the moments she chooses to celebrate. Every piece is thoughtfully detailed, crafted with precision and designed to feel distinctive, bringing together quality craftsmanship and versatile, one-of-a-kind designs. From everyday and occasion wear to statement and bridal jewellery, Harit Zaveri Jewellers offers a diverse range under one roof, created to suit different moments and expressions.

At its core remains the belief in the right craftsmanship, the right quality and the right price. 

The Jewellery Collection : 

Gul thatdraws from the journey of the mogra from bud to bloom, reflecting ideas of becoming, self-discovery and inner radiance. Crafted in 22KT gold, the collection brings together floral and botanical forms, paisley and leaf motifs, pearls, beads and coloured gemstones, with traditional craftsmanship interpreted through a contemporary lens. 

Saanjh looks at the wedding through the intimate moments that surround it –  the conversations, rituals, laughter and quiet pauses that become part of the story. Designed for the modern bride, the collection brings together 22KT gold, uncut polki and kundan work, temple-inspired forms, engraved bangles, sculptural cuffs and statement pieces, balancing Indian heritage with a more individual approach to bridal dressing. 

The Polki collection celebrates the timeless allure of uncut diamonds, bringing the richness of traditional Indian jewellery into a more contemporary expression. Paired with vivid emeralds, pearls and intricate gold craftsmanship, from necklaces and bridal sets to kadas, earrings and rings. Rooted in the grandeur of Indian heirloom jewellery, each piece is designed to feel distinctive yet enduring, jewellery that can mark a special moment today and become part of a story carried forward. 

Continue Reading

Trending

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.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x