News
India-made jewellery machinery will showcase its strengths at JMAIIE
JbExclusive
As the global jewelry landscape shifts toward precision and indigenous excellence, JMAIIE 2026 stands as the definitive platform for the machinery sector. This year, we spotlight three industry veterans who are not just manufacturing machines, but are architecting the future of “Make in India.”
Bhavik Shah, CEO, Doit Industries, Rajesh Garg, Partner, Garg Electroheat, Satpal Kapoor, Proprietor, Professional Engineering Works speak on showcasing world-class, indigenous innovations—from laser markers and platinum melting units to advanced dust collection systems. This premier platform highlights a significant shift toward Make in India, proving that local machinery now meets or exceeds global standards. By prioritizing R&D and import substitution, these manufacturers are driving the machinery sector’s global competitiveness and self-reliance.
The collective sentiment of these leaders is a call to action for the fraternity. While the government provides the framework for MSMEs, the true growth of the sector relies on Research & Development and Institutional Trust.
The machinery sector is no longer a silent contributor; it is the backbone of the jewelry industry. By investing 20% of capital back into R&D and fostering a culture where jewelers “Trust the Indian Manufacturer,” JMAIIE 2026 is paving the way for a future where 80% of the world’s jewelry machinery bears the “Made in India” hallmark.
International News
Gemfields revenue down 32% in 2025 revenue
Revenue plunges as ruby and emerald demand weakens amid operational disruptions
Colored precious stones miner Gemfields reported a 32% drop in 2025 revenue to $135.1 million as operational disruptions and weak demand for rubies and emeralds weighed on performance.
The company said EBITDA fell 85% to $6.2 million from $43.2 million, reflecting reduced production, fewer auctions and softer market conditions. Seven auctions generated $129 million during the year, as limited gemstone availability and uneven demand offset resilient pricing at the high end.
Operations at its Montepuez ruby mine in Mozambique were hit by persistently low recovery of premium rubies and rising illegal mining activity. Two police officers were killed in October when illegal miners stormed the site. The company also flagged delays to its new $70 million processing plant, with commissioning now expected to run well into the first half of 2026, constraining near-term output despite production beginning in September 2025.
On the plus side, Gemfields said it had cut group operating costs by 17%. It also sold the iconic Faberge brand for $50 million to reduce mounting debts and raise working capital for expansion projects.
At the Kagem emerald mine in Zambia, Gemfields suspended mining from January to May in response to weak auction results, softer global demand, particularly in China, and oversupply from a competing Zambian producer.
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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.