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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

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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.

JB Insights

Jewellery Advertising and Promotion Hijacked By AI and Algorithms

From decoding what Gen Z wants before they even know they want it, to conjuring surreal ad campaigns featuring models who don’t have a pulse, tech is rewriting the rules of luxury.

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By Steve Fernandes

Forget dusty velvet trays and weeks of agonizing over sketches. The jewellery world—an industry notoriously obsessed with heritage, heavy gold, and “the way we’ve always done it”—just got a massive software update.​Artificial Intelligence has officially crashed the atelier. From decoding what Gen Z wants before they even know they want it, to conjuring surreal ad campaigns featuring models who don’t have a pulse, tech is rewriting the rules of luxury.

But while algorithms are churning out prototypes at warp speed, the industry’s heavy hitters are drawing a hard line in the gold dust: AI can crunch the numbers, sure, but only human hands can give a piece a heartbeat.

​The Tireless Studio Assistant

Walk into a modern design studio today, and you’re just as likely to see prompt engineering as you are pencil shavings. With gold prices hovering in the stratosphere and lifestyles shifting toward lighter, everyday statement pieces, brands can no longer afford to guess what will sell.

​The conversation around AI isn’t about replacing artisans—it’s about removing the guesswork. AI test-drives hundreds of variations in gemstones, proportions, and finishes before a single gram of gold hits the workbench. Instead of looking in the rearview mirror at last season’s sales, AI scours search trends and social chatter to predict the next big silhouette.

Pair AI-driven trend forecasting with next-gen hardware—think 3D printing, paper casting, and electroforming—and you get intricate, feather-light pieces hitting shelves at record speed. Throw in blockchain for airtight traceability, and suddenly, the ancient trade of goldsmithing looks straight out of Blade Runner.

​Decoding the Modern Buyer

If you think AI is just a backend factory tool, think again. It’s also reading the room—and the customer.

​In hyper-discerning markets shoppers want it all: a heritage bridal set steeped in tradition for the wedding, and sleek, contemporary pieces for Monday morning brunch.

By analyzing buyer behavior, AI helps jewellers nail hyper-personalization, offering virtual visualizations and bespoke directions tailored to specific milestones, self-rewards, or celebrations.

Remember:​ You can’t code the intuition of a seasoned karigar hand-setting a diamond, nor can an algorithm translate a family’s multi-generational story into an heirloom. AI is a creative enabler, not a replacement.

​Pixels, Faux-Models,

Of course, the revolution isn’t just happening at the workbench—it’s taking over your feed. Traditional luxury shoots are notoriously brutal on budgets: massive crews, exotic locations, and logistical nightmares. Enter generative AI, slashing content production times by up to 65%.

​Brands are ditching physical sets for surreal, dreamlike digital editorials—picture golden heart pendants floating in zero-gravity landscapes—and tapping virtual influencers to front major drops. Just look at Indian label KALON Art Jewellery, which rolled out its “Wildfire” collection starring AI influencer Naisha Bose.

​The Glitch in the Glamour

Before we hand the keys of the vault over to our silicon overlords, let’s talk about the catch. For all its swagger, AI still has a glaring blind spot: reality.

​Generative algorithms don’t understand physics, metal thickness, or stone-setting mechanics. A ring that looks transcendent on a screen might be structurally impossible to forge in a real workshop without a complete CAD overhaul. Worse, AI still trips over basic human anatomy—nothing kills a luxury vibe faster than a viral campaign featuring a model with six fingers or a warped gemstone.

​Then there’s the trust factor. Buying fine jewellery is an emotional, high-stakes flex, and consumers are starting to push back when they realize the radiant model wearing a diamond choker doesn’t actually exist.

The law is catching up, too—New York just passed a landmark regulation forcing brands to slap a disclosure label on ads using “synthetic performers.”

​The Verdict

The future of fine jewellery isn’t a cage match between the algorithm and the artisan—it’s a collab. The brands poised to win the next decade are the ones bold enough to let AI handle the heavy lifting of data, speed, and hyper-personalization, while fiercely protecting the raw, messy, irreplaceable magic of human craftsmanship.

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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.

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