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Grand Opening of PMI Goa 2025 Marks a New Milestone in India’s Jewellery Industry

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The 7th Edition of the Preferred Manufacturers of India (PMI) Buyer-Seller Networking Meet officially opened today at the Grand Hyatt, Goa, marking the second show of this prestigious series.

The event was inaugurated by Chief Guest Shri. Rohan Khaunte Ji, Honourable Minister of Tourism, IT, Electronics and Communications, Printing and Stationery, Government of Goa, alongside Guest of Honour Shri. Bipin Kumar Upadhyay Ji, Commissioner – CGST. The traditional lamp lighting ceremony was led by the leadership of the All-India Gem and Jewellery Domestic Council (GJC), including Mr. Rajesh Rokde (Chairman), Mr. Avinash Gupta (Vice Chairman), Mr. Chetan Thadeshwar (PMI Convener), Mr. Saiyam Mehra (Joint Convener), Mr. Madan Kothari (Joint Convener), and Mr. Salim Daginawala (Co-Convener).

The event witnessed enthusiastic participation from over 45 distinguished manufacturers and more than 210 premium retailers from across India, underscoring the spirit of collaboration and progress in the Indian gems and jewellery sector.

For the first time, PMI Goa introduced an exclusive Diamond Pavilion, featuring 15 distinguished diamond manufacturers who showcased some of the finest craftsmanship in the industry. This premium addition elevated the overall offering of the event. Meanwhile, the Gold Pavilion displayed a spectacular range of antique, couture, and contemporary jewellery collections, including 18-carat gold, rose gold, and diamond jewellery—all under one roof. Organizers anticipate that over 2,000 kilograms of business will be transacted during the three-day showcase.

A key highlight of the day was the formal launch of the 14th edition of the National Jewellery Awards (NJA), announced by Mr. Sunil Poddar, NJA Convener. The NJA continues to honour creativity, craftsmanship, and excellence across the jewellery value chain. The 2025 edition promises a robust and transparent evaluation process, overseen by global consulting firm Ernst & Young.

Industry leaders shared their enthusiasm for the event:

Mr. Rajesh Rokde, Chairman of GJC, said: “PMI Goa 2025 represents the continued evolution of our industry’s growth story. It is a powerful platform that fosters genuine business relationships and quality interactions, enabling the sector to respond swiftly to market dynamics.”

Mr. Avinash Gupta, Vice Chairman of GJC, added: “Goa has a natural vibrancy, and PMI carries that same spirit. Beyond the dynamic atmosphere, PMI is delivering focused, high-value business opportunities, uniting top manufacturers and premium retailers in a relationship-driven environment.”

Mr. Chetan Thadeshwar, Convener of PMI, said: “The response at PMI Goa has been truly overwhelming. With over 210 premium retailers participating, the energy and enthusiasm have been phenomenal. The introduction of the exclusive Diamond Pavilion has added a new dimension, elevating the overall experience.”

Mr. Saiyam Mehra, Joint Convener of PMI, noted: “PMI Goa is the much-needed boost the industry was waiting for. With more than 60 manufacturers and over 210 buyers under one roof, we expect over 2000 kilos of business in just three days. The entire team’s commitment has brought renewed energy to the sector.”

Mr. Madan Kothari, Joint Convener of PMI, added: “We are proud to see PMI Goa emerge as a benchmark for focused and premium networking. The collective energy, curated interactions, and strategic buyer mix have made Day 1 a resounding success.”

The first day of PMI Goa 2025 has set an upbeat and energetic tone for the days ahead, reaffirming the event’s role as a catalyst for business growth, creativity, and collaboration in India’s evolving jewellery landscape.

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JB Insights

From Rare to Reachable: The Changing Face of the Diamond Industry

How diamonds moved beyond tradition to become a part of everyday style, personal milestones, and modern living.

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Diamonds have always been symbols of love, celebration, and timeless beauty. But the journey behind these sparkling stones has changed significantly over the years. The diamond industry today looks very different from what it once was — more open, more transparent, and more focused on the modern consumer.

How Diamonds Were Seen Earlier

In the past, diamonds followed a very traditional path. They were considered rare and special, usually bought only for weddings or major life events. The diamond industry was controlled by a few large companies, which meant limited choices and fixed perceptions around price and value.

Jewellery shopping happened mostly offline, often guided by family tradition rather than information. Buyers relied on trust, as details about quality, origin, and pricing were not always clear.

What Changed Over Time

As global markets opened up and technology improved, the diamond industry began to change. More countries entered the diamond trade, competition increased, and innovation reshaped the entire supply chain.

Diamonds slowly moved from being “rare and unreachable” to becoming more accessible. Marketing also evolved — diamonds were no longer just about marriage but also about personal milestones, style, and self-expression.

India’s Big Role in the Diamond Story

India plays a major role in today’s global diamond industry. Cities like Surat have become global centres for cutting and polishing diamonds, handling a majority of the world’s stones.

Skilled craftsmanship combined with modern technology has helped India shape diamonds worn across the world. This growth has also benefited Indian consumers, offering better designs, competitive pricing, and international-quality jewellery.

The Rise of Lab-Grown Diamonds

One of the biggest shifts in recent years has been the rise of lab-grown diamonds. These diamonds are created in controlled environments but look identical to natural diamonds.

They offer the same sparkle and certification, often at a more affordable price. Many consumers today choose lab-grown diamonds for their value, sustainability, and flexibility in design.

How Diamond Buying Feels Today

Buying diamonds today is easier and more transparent than ever before. Certifications clearly explain quality, while online and offline stores offer wide design options.

Diamonds are now worn daily, gifted for celebrations, and purchased as self-rewards. Lightweight designs, trendy styles, and digital shopping tools have changed how people connect with jewellery.

Why Diamonds Mean More Today

Modern buyers care about more than just sparkle. They want to know where their diamonds come from, how they are made, and whether they align with their values.

Design, comfort, trust, and storytelling now play a big role in choosing diamond jewellery. Diamonds today represent individuality and conscious luxury, not just tradition.

Then vs Now: A Quick Look

Earlier, diamonds were mostly linked to weddings, had limited design choices, and involved traditional buying experiences.

Today, diamonds are part of everyday fashion, available in multiple price ranges, and backed by clear information and certification.

The industry has moved from being exclusive to inclusive

The diamond industry has transformed from something complicated and distant into something personal and approachable. Today, diamonds are about choice, confidence, and self-expression — made for every moment, not just one.

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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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