JB Insights
GJEPC’s 51st India Gem & Jewellery Awards held in Jaipur
Presiding Guest Gautam Adani says technology & sustainability are twin pillars of our future
Shri 24 awards presented at IGJA 2023-24
The Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 51st India Gem & Jewellery Awards (IGJA) held in Jaipur, honouring the leading exporters of the gems & jewellery industry. GJEPC presented a total of 24 IGJ Awards: 14 – Industry Performance Awards; 7- Special Recognition Awards; 2 – Felicitation Awards; and 1- Bank supporting the Gems & Jewellery Industry Awards. Pramod Agrawal (Chairman, Derewala Industries Ltd) wins the Lifetime Achievement Award
Business tycoon Shri Gautam Adani (Chairman, Adani Group) graced GJEPC’s 51st edition of the IGJ Awards as Presiding Guest. Representing GJEPC were Shri Vipul Shah, Chairman, GJEPC; Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri Nirmal Bardiya, Regional Chairman, Rajasthan, GJEPC; Shri Sabyasachi Ray, ED, GJEPC, and Shri Sachin Jain, Regional CEO – India, World Gold Council and Shri Gopal Kumar, Director and General Manager, Gemfields India Pvt. Ltd was also present along with the who’s who and doyens of India’s gem & jewellery industry.
While addressing a packed hall of diamond, gem and jewellery trade, Shri Gautam Adani, Chairman, Adani Group, said, “Technology and sustainability are the twin pillars of our future. As we embrace the digital age, let’s ensure our growth is both innovative and responsible. Empowering and uplifting our skilled artisans and craftsmen with digital tools will propel our jewellery heritage to new heights. Ultimately, our youth are the architects of tomorrow. Let’s nurture their potential, and create an India that shines brightly on the world stage.”
Adani further added, “Innovation and sustainability are not just trends but the foundation for the future of the gem and jewellery industry. From advanced manufacturing techniques to smart wearables, technology is revolutionizing the jewellery industry, offering endless opportunities for customisation and connection. The gem and jewellery industry must embrace change, challenge the status quo, and adapt to evolving consumer needs to remain a global leader.”
Shri Vipul Shah, Chairman, GJEPC addressing the audience said, “Think big, innovate relentlessly, and embrace technology—the future of India’s gem and jewellery industry is brighter than ever. With robust retail growth, projects like the India Jewellery Park in Mumbai, Jaipur’s Gem Bourse, and the Bharat Ratnam Mega CFC are transforming the landscape. Supported by visionary government policies and FTAs, our industry is poised to scale new heights. Together, we can position India as a global leader in gems and jewellery, setting benchmarks for innovation, excellence, and sustainability.”
The selection criteria this year included export performance, value addition, employment generation and investment in R&D among other parameters. In recognition of the business excellence demonstrated by companies that are helping to strengthen ‘Brand India’, GJEPC not only felicitate industry players for their exemplary performance, but also recognizes entities such as banks which play a key role in the growth of the sector.
IGJA has evolved over the years to embrace new categories, including social responsibility, innovation, and entrepreneurship, reflecting the dynamic nature of our industry.
By Invitation
Secured Gold Loans vs. Collateral Free Credit: Which One Truly Offers Peace of Mind?
By Priyank Kothari, Director of Arvog
Life throws curveballs. Whether it’s a medical emergency, a sudden travel plan, or a business cash crunch. when you need money fast, choosing the right kind of loan matters. Should you take a personal loan without any collateral, or borrow money against the gold sitting idle at home?
More people in India are leaning toward gold loans and not without good reason.
What’s the Real Difference?
- Gold Loans (Secured): You give your gold to the lender jewellery, coins, or bars and they lend you a portion of its value, usually 60–75%. Once you repay, your gold comes back to you, just as it was.
- Collateral Free Loans: These don’t need any security, but lenders will look closely at your credit score, income, and repayment history. If you miss payments, it can hurt your credit profile, and collection calls can be stressful.
Why Gold Loans Are Catching On
Let’s look at what the numbers say:
- From Rs1.16 lakh crore to Rs2.51 lakh crore in just one year gold loans grew 115% between May 2024 and May 2025.
- Disbursements jumped by 124% year over year.
- Industry experts predict the gold loan market could touch Rs.15 lakh crore by FY27, with NBFCs driving a big chunk of that growth.
Clearly, this isn’t just a trend it’s becoming a go to financial choice.
What Makes Gold Loans So Attractive?
1. Lower Interest Rates
Since your gold backs the loan, lenders take on less risk. That usually means lower interest rates than a collateral free loan.
2. Quick and Easy Process
Need cash fast? Gold loans are often processed within a few hours with minimal paperwork.
3. Credit Score Not a Dealbreaker
Even if your credit history isn’t perfect, your gold can still help you get the funds you need.
4. Your Gold Is Safe
It’s assessed in your presence, securely packed, stored in top tier vaults, and often insured arguably safer than keeping it at home.
What About Collateral Free Credit?
Personal loans without collateral do offer quick access, but they come with a few caveats:
- Higher interest rates make them costlier over time.
- You need a strong credit profile and steady income to get a good deal.
- A few missed payments can hurt your credit score and stay on your record for years.
- High interest + long tenures = a debt trap if you’re not careful.
So, Which One Gives You Real Peace of Mind?
If you own gold and need money in a hurry, gold loans give you four big wins. lower interest, fast disbursal, less paperwork, and the comfort of knowing your credit score isn’t standing in your way.
In uncertain times, gold loans offer something rare a way to raise money quickly, without losing control or peace of mind.
Jb Exclusive: Digital View
Secured Gold Loans vs. Collateral Free Credit: Which One Truly Offers Peace of Mind?
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