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.
Riacetech Srl is a dynamic and technologically advanced company. It focuses its core business on the creation of innovative wax injectors, fully controllable and programmable. It provides all the companies in the casting industry with a wide range of totally automatic and certified machines, all with different functionalities and configurations, that are suitable for Industry 4.0 and meet all the needs of the jewellery and fashion accessories world. It also provides a wide variety of consumable products.
The RiaceWax AUTOMATIC BELT SYSTEM INTUITIVE injector belongs to the Intuitive line and retains all its features; it can inject up to 20 molds of different sizes at the same time by loading them automatically and speeding up the entire production process thanks to the self-centering function on the molds of different sizes; it can create light and very thin objects, maintaining their weight over time.
Fully controllable from a 10.1” industrial PC, it can double the standard daily production, realising up to 4800 pieces in 8 hours, injecting moulds of very different sizes with the help of only one operator and reducing the number of defective waxes.
An Android tablet is the control unit of both the machine and the loading system, with specially developed apps that also allow checking statistics and productivity. Thanks to the ability to connect remotely, it is compatible with Industry 4.0.
It is equipped with a transparent melting tank with a constant vacuum system, digital sensors to control the pressures that always allow for checking the graphs of the vacuum trend on the molds during injection from the tablets, an RFID reader, a TC-700 cooler, a 16-cmc injection syringe with final temperature regulation and a self-centring clamp with 120x90mm plates.
This machine is designed to accommodate a versatile range of mould sizes, supporting dimensions from a minimum of 50 x 30 x 12 mm up to a maximum of 120 x 90 x 47 mm. The unit itself weighs 75 kg with a physical footprint of 130 x 72 x 53 cm.
Alessio Farnetani, Sales Manager-RiaceWax, underscoring the USP, said, “This machine works without any downtime and reduces errors. There has been a good response from Indian jewellery manufacturers because this system speeds up production, maintains quality and ensures weight consistency, which is critical given rising prices of gold.”
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