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
The Rise Of Everyday Milestone Gifting:Why Natural Diamond Solitaires Are No Longer Reserved For Weddings
For decades, natural diamond solitaires have been associated with engagements, weddings and landmark anniversaries. They represented life’s biggest celebrations and were often viewed as aspirational purchases reserved for a select few occasions. Today, however, consumer behaviour is evolving. More people are choosing to celebrate personal milestones, professional achievements and meaningful life moments with jewellery that carries lasting emotional value.
Across urban India, consumers are increasingly purchasing natural diamond solitaires for occasions such as promotions, first salaries, business launches, milestone birthdays, graduations, parenthood and personal accomplishments. The decision is no longer driven solely by tradition, it is driven by emotion. This shift is redefining the role of solitaires from occasion-led purchases to symbols of self-celebration and personal growth.
For the jewellery industry, this evolution presents a significant opportunity. Instead of engaging consumers only during wedding seasons, brands can now connect with them across multiple life stages. Every achievement, whether personal or professional, has the potential to become a meaningful jewellery purchase. This broadens the consumer journey and creates new avenues for growth beyond the traditional bridal category.



At Divine Solitaires, this changing mindset is seen as a reflection of how modern luxury is becoming more personal and intentional. While the brand is synonymous with the world’s finest natural solitaire diamonds, it also recognises that today’s consumers want jewellery that becomes part of their everyday story, not just their wedding album. A solitaire is increasingly being viewed as a timeless piece that can be worn regularly while continuing to represent a deeply meaningful memory.
The growing preference for everyday milestone gifting is also changing what consumers expect from jewellery brands. Buyers today are researching more, asking more questions and seeking greater transparency before making a purchase. They want assurance about certification, quality, craftsmanship and long-term value. These expectations are redefining trust in the natural diamond category.
This philosophy has always been central to Divine Solitaires. The brand has consistently focused on bringing greater transparency to the natural diamond category through stringent quality benchmarks, transparent pricing and industry-leading consumer assurance programmes. Every Divine Solitaire undergoes multiple quality parameters that far exceed conventional diamond grading standards, ensuring consumers receive only the world’s finest natural solitaire diamonds. Along with lifetime upgrade, exchange and buyback programmes, supported through its digital verification ecosystem, the brand continues to reinforce confidence long after the purchase is made.
As India’s jewellery market matures, consumers are no longer making decisions based solely on design or price. They are increasingly evaluating emotional significance, authenticity, long-term value and future flexibility. The ability to invest in a certified natural solitaire diamond that celebrates a personal milestone represents a meaningful and enduring choice, particularly among younger buyers who seek purchases that combine aspiration with substance. This evolution is helping redefine luxury as something that is not only beautiful, but also deeply personal.
The broader industry stands to benefit as well. The rise of self-gifting and milestone-led purchases is expanding the natural diamond category beyond traditional wedding occasions and encouraging stronger consumer engagement throughout the year. It is also creating greater demand for certified natural diamonds and driving higher standards of transparency, education and trust across India’s jewellery retail ecosystem.
As the industry prepares for this next phase of growth, there is also increasing momentum around celebrating and strengthening consumer confidence in natural diamond solitaires. This vision is reflected in the upcoming Solitaire Festival of India (TSFI), an industry-first initiative by Divine Solitaires that aims to bring together consumers, retailers and the larger jewellery fraternity in a nationwide celebration of natural diamond solitaires. By creating new conversations around aspiration, achievement and everyday milestones, TSFI seeks to further expand the relevance of solitaires beyond weddings and into every meaningful stage of modern life.
Speaking on this evolving consumer behaviour, Jignesh Mehta, Founder and Managing Director, Divine Solitaires, said:

“The definition of luxury is becoming deeply personal. Consumers today are no longer buying natural diamond solitaires only because tradition tells them to, they are buying them because a moment in their life feels worthy of being remembered forever. We are witnessing a significant shift from occasion-led purchases to emotion-led purchases, where promotions, entrepreneurial successes, personal achievements and everyday milestones are becoming solitaire moments.
At Divine Solitaires, we believe this evolution reflects a more confident and intentional consumer mindset, one that values transparency, quality and long-term meaning. Through initiatives like the Solitaire Festival of India, our endeavour is to celebrate these changing consumer journeys while strengthening trust and appreciation for natural diamond solitaires across the country.”
The future of India’s natural diamond market will not be shaped solely by weddings, but by the many milestones that define modern life. As everyday milestone gifting continues to rise, brands that combine emotional relevance with transparency and enduring value will lead the next phase of growth. For Divine Solitaires, this represents not just a consumer trend, but a meaningful shift towards a more personal, consumer-centric and future-ready jewellery ecosystem.
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