National News
Grand unveiling of GJIIF 2025 in Chennai
Formal inauguration by Pramod Agarwal Derewala
Gem & Jewellery India International Fair (GJIIF) 2025 was unveiled at Chennai Trade Centre, Chennai. The show was formally inaugurated by Chief Guest Shri. Pramod Agarwal ‘Derewala’, Chairman- Derewala Industries and Chairman- National Gems & Jewellery Council of India in the presence of Jayantilal Challani, President, The Jewellers And Diamond Traders Association – Madras.
Present at the inauguration were distinguished guests: Sabarinath, President, Tamil Nadu Jewellers Federation, Santha Kumar, Secretary, MJDTA, Yogesh, Treasurer MJDTA, Ravindran, Secretary, TNJF, Manoharan, Treasurer, TNJF, Shantilal, State Chief, Andhra Association, Chetan Kumar Mehta, President, Jewellers Association, Bengaluru, Surendran, AKGSMA.
Distinguished overseas Visitor Partners from Malaysia present were Datuk Abdul Rasull Bin Abdul Razak, President, Malaysia Indian Goldsmith and Jewellers Association, Dato Wira Louis Ng, President, Malaysia Gold Association. Also present was Wan Ahmad Tarmizi, Trade Consul, Malaysian Consulate -Trade Section. Representing United Exhibitions were VK Manoj, Project Director, United Exhibitions, Mohandas, CEO, United Exhibitions
National News
P N Gadgil Jewellers Limited – Diwali Sales Update
P N Gadgil Jewellers Limited recorded festive season sales of ₹ 689 crore during Diwali, registering a 14% year-on-year growth.
This festive season, our newer regions in Northern and Central India showed encouraging traction, with studded jewellery contributing 17.2% of sales, while the overall retail average Stud ratio stood at 12.6%.
The performance was primarily driven by the gold segment, which recorded a 13% year-on-year growth in revenue. The silver category also witnessed strong traction, registering a growth of 24% year-on-year, while the diamond segment reported an 8% year-on-year growth.
Dr. Saurabh Gadgil, Chairman and Managing Director of P N Gadgil Jewellers, said:
“This Diwali represents another significant chapter in our growth journey. We sincerely appreciate the continued confidence and affection our customers have shown towards our brand, product quality, craftsmanship and service.
By introducing exciting festive offers, elevating the in-store shopping experience and remaining committed to our core values, we have continued to create greater value for our customers. These initiatives have helped us deliver healthy growth across product categories and deepen customer engagement, even amid volatility in gold prices.
As we enter the upcoming wedding season, we remain confident about the growth outlook. With consumer sentiment continuing to remain encouraging, we believe we are well-positioned to sustain the positive momentum in the coming months.”
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