Connect with us

National News

GJEPC – Catawiki MoU will  enable GJEPC members to access Catawiki’s curated, auction-led consumer platform 

Published

on

GJEPC formalized a strategic partnership with Catawiki, Europe’s leading curated online marketplace for special objects. This Memorandum of Understanding (MoU), signed during the IIJS Bharat Signature event, marks a significant shift in India’s export strategy, moving toward a direct-to-consumer (D2C) model within the European luxury market. The MoU was signed by Sabyasachi Ray, Executive Director, GJEPC, and Jan Van Dierman, Senior Vice President Luxury, Catawiki.

Catawiki is a premier European online auction house that specializes in “special objects”—items that are rare, collectible, or hold high emotional and financial value. Unlike open marketplaces like eBay, Catawiki uses a curated model to maintain a luxury standard.

The primary objective is to bridge the gap between Indian jewelry manufacturers and European high-net-worth consumers through a secure, auction-based digital platform.

The core of Catawiki’s brand is its team of 240+ in-house experts. For Indian jewelers, this means:

  • Virtual Review: Every item submitted is reviewed by an expert via photos and descriptions before it goes live.
  • Authentication: For high-value jewelry (typically estimated over €5,000), a diamond or gemstone certificate is mandatory.
  • Fair Estimates: Experts provide non-binding value estimates, helping sellers price their goods competitively for the European market.

Catawiki is a gateway to the EU’s luxury consumer base, boasting impressive engagement statistics:

  • Visitors: Over 10 million unique monthly visitors.
  • Speed of Sale: Approximately 2/3 of objects sell within just 10 days of the auction starting.
  • Localization: The platform is available in 17 languages, allowing Indian exporters to reach buyers in France, Germany, Italy, and Spain in their native tongues.

This partnership is expected to democratize export opportunities. Historically, reaching European retail consumers required significant investment in physical showrooms or complex distribution networks. Through this MoU:

  1. MSMEs Gain Visibility: Small and medium enterprises with high-quality craftsmanship can now compete on a global stage without a massive marketing budget.
  2. Higher Margins: By bypassing traditional wholesalers and middle-men, Indian jewelers can realize better price points for their intricate designs.
  3. Real-time Data: Sellers will gain direct insights into European trends—such as the demand for sustainable materials or specific gemstone cuts—allowing for faster product iteration.

The GJEPC-Catawiki MoU is a forward-looking initiative that aligns with India’s goal of reaching $50 billion in gem and jewelry exports. By leveraging Catawiki’s established European footprint, GJEPC is not just exporting products; it is exporting the story of Indian heritage directly to the doorsteps of international collectors.

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

National News

Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day  

Published

on

  • Event marks 42 years of Incorporation and 16 years of Operations
  • Recently-appointed Consul-General’s first visit to the Bourse helps strengthen a century-old bond
  • Long service awards presented to outstanding employees

Bharat Diamond Bourse today marked 42 years of incorporation and 16 years since the commencement of operations at the BDB Complex in BKC with a special programme graced by H. E. Pierre Stverlynck – Consul General of Belgium in Mumbai as Chief Guest and a number of leading diamantaires.

The function was organised to celebrate the crucial roles played both by the visionaries who conceptualised the need for a centralised infrastructure to boost the diamond trade over four decades ago, and the employees who have run the daily operations in a highly efficient and professional manner. 

In his Welcome Address, BDB Vice President, Mehul Shah explained the significance of celebrating twin milestones – 42 years of incorporation and 16 years of operations. He said:

“BDB began with a vision and is now the world’s largest operational bourse, and a symbol of India’s leadership in the diamond world and excellence in every aspect of operations.”

He added, “It is significant that the Consul General of Belgium is with us on this special occasion. Antwerp and Mumbai have a very close relationship, going back more than 100 years. Today the two cities have bonds based on trust, trade and friendship. We are committed to strengthening this bond over the next century as well.” 

Congratulating the awardees he said that members may be the owners, but it is the staff who run the complex and have helped build it as the “best of the best” centres for diamonds. “Personal integrity combined with hi-tech surveillance have made BDB one of the safest places in the world,” he explained, and urged all present never to forget that “it is the soldiers who fight and win the wars.” Mr Shah offered compliments to all the awardees and congratulated Team BDB. 

Speaking on the occasion, Anoop Mehta, President BDB, welcomed Mr Stverlynck who has recently assumed charge as Consul General of Belgium in Mumbai.

“We are sure that this will be the first of many visits to our Bourse,” he said, noting that the Consulate is the nearest neighbour of the complex. 

“The BDB leadership has always enjoyed a very special relationship with the Belgian consulate,” he added, “built on the longstanding bonds between the diamond industry in our two countries.”

Mr Mehta said it was heartening that so many employees had remained loyal to the BDB for multiple years, and urged all gathered to reach out through their department heads to put forward suggestions for further changes and improvements

Mr Stverlynck, who was on his first visit to the Bourse after assuming charge as Consul General, said he was extremely impressed with the facilities available for exporters within the complex. Assuring the trade of cooperation and support, he said he was happy to be personally present to celebrate such a remarkable institution as BDB that has become a key pillar of the India diamond industry.

Congratulating the leadership for its role in steering the bourse, as well as those employees who had received long service awards, Mr. Stverlynck said:

“The consolidated knowledge and experience of so many from those at the top to a number of others who contributed in various ways, is an asset to the industry.”

Special long service awards were presented to employees who completed special milestones during the year. These included 30-year, 25-, 15-, 10- and 5-year service awards to a few employees. 

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