International News
GJEPC represents GJ sector during President Murmu’s Botswana visit
GJEPC is led the gem and jewellery sector’s presence during Hon’ble President of India Smt Droupadi Murmu’s state visit to Botswana from 11 to 14 November.As part of Indian delegation, led by South Gujarat Chamber of Commerce & Industry (SGCCI), Jayanti Savaliya, Regional Chairman – Gujarat, GJEPC, is headed a team representing the diamond sector that includes Hitesh Shah of Venus Jewel, Darshak Narola of Shree Ramkrishna Exports, and Brijesh Dholakia of Hari Krishna Exports. The broader Indian delegation is led by Nikhil Madrasi, President, SGCCI, which was invited by the Botswana government to accompany President Murmu.
Savaliya, along with the rest of the Indian delegation, received a special invitation to the state dinner from H.E. Advocate Duma Gideon Boko, the President of Botswana, and presented him with a handcrafted memento showcasing a blend of traditional Indian crafts. The centrepiece was created in the GI-tagged Sadeli marquetry style, known for its precise geometric wood-inlay work. It was paired with artisanal detailing drawn from India’s broader gem and jewellery heritage, including fine metalwork and miniature decorative techniques. President Boko appreciated the craftsmanship and the cultural narrative conveyed through the piece.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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