National News
Golden Carat launches GOLDIS ‘Jewel of Time Awards’ at IIJS Premiere 2025
Golden Carat Pvt Ltd, India’s leading diamond jewellery manufacturer, unveiled the GOLDIS | ‘Jewel of Time Awards’ at IIJS Premiere 2025 in Mumbai, honoring designers, artisans, and industry leaders for their contributions to the gem and jewellery sector.
Golden Carat Pvt Ltd, India’s foremost diamond jewellery manufacturer launched GOLDIS | ‘Jewel of Time Awards’ at the IIJS Premiere show in Mumbai. The award was launched during the India Jewellery Designer & Artisan Forum held at the IIJS Premiere 2025. ‘Jewel of Time Awards’ is initiated by Golden Carat Pvt Ltd to recognize the valuable services offered by Industry members, be it jewellery designers, artisans, brand managers, directors and founders of the gem and Jewellery Industry in their particular time in the Industry.
Ulhas Pethe, Director, Waman Hari Pethe Jewellers, was the first and undoubtedly one of the most amongst the deserving recipient of the coveted award during the launch. Mr. Pethe has been a witness to the evolution of the Industry in over 40 years of his service in the segment. A successful businessman and a design connoisseur, Ulhas Pethe said that the ‘Jewel of Time Awards’ was indeed an excellent initiation to recognize the change makers of the Industry. He applauded Golden carat Pvt Ltd team for having launched the ‘Jewel of Time Awards’.
While quizzed on the awards, Sanjay Jaiswal, Managing Director, Golden Carat Pvt Ltd opined, “GOLDIS are known primarily for two things; first for its integrity and Foremost for launching innovative jewellery for the industry. We are one of the major suppliers of Diamond Jewellery [Natural] in India and having a strong distribution network across country through leading regional and national Jewellers. When we say we are not only manufacturing beautiful products but we are in the business of ‘manufacturing happiness’, It says a lot about the philosophy of organization. We are core manufacturing company but our happy products are available across all leading regional and national Jewellers.

THE world class Design Excellency Centre is based at Mumbai and the Crafting facility at Surat is a true blend of Man-Machine-Motivation. We have a strong team of Designers and Artisans engaged in some of the world’s best products for the country and beyond. We have also expanded our offerings to the Middle East as well Far East and aim to expand further.
The ‘Jewel of Time Awards’ is at an appropriate time when the industry is moving towards a new era in production, technology services as well as catering to the next gen customers. This award is our gratitude to the change makers of the Industry who with their grit and determination have been successful in transforming the gem and jewellery sector for a better tomorrow. ‘Jewel of Time Awards’ will be an annual event and we want to build this as an authentic recognition to deserving Industry members. As the name suggests ‘Jewel of Time Awards’ is a recognition to Industry members and change makers of the present era that denotes TIME”.
National News
GST Seminar Successfully Conducted by MWGJA for Jewellery Industry
Industry-Focused GST Session sees Strong Participation, Offering Practical Insights On Compliance, Taxation, and Operational Challenges
The Mumbai Wholesale Gold Jewellers Association (MWGJA) successfully organised a highly informative GST seminar aimed at empowering the jewellery industry with practical knowledge and clarity on GST compliance on 23/04/26 at MP School.
The seminar, themed “Empowering the Industry with Knowledge – Learning, Growing, Leading,” witnessed an excellent response from jewellers and industry stakeholders across Mumbai.

The event was graced by distinguished dignitaries from the CGST Department, including:
- R. S. Maheshwari – Principal Commissioner, CGST Mumbai
- Rajan Mishra – Assistant Commissioner, CGST Mumbai
- Danish Akhtar – Superintendent, CGST Mumbai
- Sanyam Johari – Inspector, CGST Mumbai
Their valuable insights and practical guidance provided clarity on key GST issues faced by jewellers in their day-to-day operations.
Key topics covered during the seminar included labour charges (5% vs 18%), delivery challan rules and compliance, interstate movement of goods for sales and exhibitions, and common errors leading to notices, penalties, and input tax credit (ITC) blockage.
The session focused on real-world challenges and offered practical solutions, making it highly beneficial for attendees. The interactive Q&A session enabled participants to directly engage with the officers and resolve their queries.
The association’s office bearers, including President Mahesh Bafna, Secretary Shreyans Kothari, Vice Presidents Sandip Kothari and Dinesh Kothari, Treasurer Kamal Kothari, Past President Prakash Jain, Past Secretary Anil Pamecha, and Committee Member Nitesh Dhakad, played an active role in organising and successfully executing the seminar.
The event also received valuable support from leading industry bodies, including All India Gem and Jewellery Domestic Council (GJF), India Bullion and Jewellers Association (IBJA), Jewellers Youth Forum (JYF), Dagina Bazar Association, and Sarafa Welfare Association, further strengthening the impact and reach of the seminar.

The Association expressed sincere gratitude to the honourable chief guests, supporting associations, and all participants for contributing to the success of the seminar. It reaffirmed its commitment to continue organising such knowledge-driven initiatives for the benefit of the jewellery community.
The seminar concluded on a positive and impactful note, reinforcing the importance of awareness, compliance, and continuous learning in today’s evolving GST framework.
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