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Russell Mehta Inaugurates Kalyan Jewellers’ Crystal Vendor Portal

A Comprehensive, integrated ecosystem enhancing transparency, efficiency and trust

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Kalyan Jewellers launched a state-of-the-art Crystal Vendor Portal. The inauguration, held at Kalyan IBC, Mumbai was conducted by Chief Guest Russell Mehta, MD, Rosy Blue India. Present at the inauguration were Dr. Chetan Kumar Mehta, President – Jewellery Division -IBJA, President -JAB, CMD Laxmi Diamonds Bengaluru, Saiyam Mehra, IPC, GJC, Mansukh Kothari, CoA, GJEPC, Rajesh Kalyanaraman, ED- Kalyan Jewellers, members of trade associations, vendors, associates and dignitaries from the GJ industry.

The Crystal vendor portal serves as a centralized intelligence hub, integrating every facet of the production and procurement lifecycle. By consolidating disparate workflows into a single interface, Kalyan Jewellers aims to optimize efficiency and ensure the highest standards of product excellence.

Russell Mehta, MD, Rosy Blue India, speaking at the inauguration said, “What stands out is not just launch of a portal but the mindset behind it. Any organisation investing in transparency, efficiency and collaboration with partners is clearly thinking long-term. Trust and relationships matter as much as technology.”

Rajesh Kalyanaraman, ED – Kalyan Jewellers said, “This is more than just a portal – it functions as an environment – a comprehensive, integrated ecosystem, harmonizing operations across vendors, suppliers, and Kalyan’s internal purchase and showroom teams, while providing transparent access for auditors and regulatory bodies.”

The Crystal Vendor Portal by KALYAN JEWELLERS contains order details, delivery schedule, end-to-end order tracking price configuration and control, vendor capacity and production planning, order acceptance, dispatch and logistics, quality assurance, payments and ledger view. Importantly it integrates hallmarking and compliance control. Also, it contains design onboarding and catalogue, product and design lifecycle intelligence.

To maintain peak operational performance, the system generates automated stakeholder alerts and notifications, keeping all parties informed of critical updates. The inclusion of a vendor performance dashboard allows for data-driven insights, fostering a culture of continuous improvement and accountability.

Key highlights of CRYSTAL include:

  • Centralised vendor and design management
  • Real-time visibility across the supply chain
  • Faster approvals with minimal manual intervention
  • Enhanced planning, performance tracking and compliance
  • Seamless design onboarding, version control and catalogue integration

This deployment underscores Kalyan Jewellers’ unyielding commitment to technology-driven operational excellence and large-scale supply chain transformation. By eliminating silos and introducing real-time transparency across the production value chain, the brand is setting a new industry benchmark for organizational efficiency.  Crystal vendor portal represents more than just a technological upgrade; it is a manifestation of a long-term vision to leverage digital intelligence as a competitive advantage, ensuring that the brand remains resilient, responsive, and meticulously compliant within the ever-evolving global landscape.

The launch unfolded as a radiant celebration  of  Pongal, the cherished harvest festival where gratitude is offered to the Sun God, the earth, and the faithful farm animals for the season’s bountiful yield.

The atmosphere was transformed by elaborate festive decorations that captured the vibrant spirit of the occasion. In a moment of true grace, Maya Rajesh,  wife of  Rajesh Kalyanaraman guided the audience through the rhythmic preparation of the Pongal dish, weaving a narrative of heritage and community. As she lit the auspicious flame, allowing guests to share in its warmth and blessing, the room was filled with a sense of profound reverence. It was a moving reminder of the beauty found in keeping our sacred traditions and cultural sanctity vibrantly alive.

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GJEPC,  IndusInd Bank Host Webinar On FEMA Guidelines For GJ Exporters

Webinar Outlined How The Updated Regulatory Framework Enhances Operational Ease While Adjusting Key Trade Timelines.

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GJEPC in association with IndusInd Bank, held a joint online webinar aimed at explaining the revised Foreign Exchange Management Act (FEMA) guidelines and their direct operational impact on the gem and jewellery trade. 

The interactive session featured key industry figures and financial experts, including Prakash Kumar Rath (Head – Gems, Jewellery and Diamond Division, IndusInd Bank), Mital Doshi (Convenor – Banking, Insurance and Taxation Sub-committee, GJEPC), and Sumit Dolwani (Manager – Trade Policy, GJEPC). Together, they outlined how the updated regulatory framework enhances operational ease while adjusting key trade timelines. 

Shorter Export Realisation Periods: Timelines for foreign currency invoices have been adjusted from 12 months down to 9 months, while Rupee invoices have been revised from 15 months down to 12 months. 

Greater Flexibility for Extensions: Authorised Dealer (AD) banks can now grant time extensions based on individual transaction circumstances, significantly reducing the requirement for routine Reserve Bank of India (RBI) referrals. 

Revised Import Payment Timelines: Import payments will now be governed primarily by commercial contracts, replacing the former rigid six-month and 360-day restrictions. 

Greater Discretion on Advance Payments: Banks have been given enhanced flexibility in framing internal policies for advance remittances instead of strictly adhering to fixed monetary thresholds. 

Flexibility in Third-Party Payments: Third-party payments are now permitted subject to prescribed regulatory conditions and the satisfaction of the AD bank. 

Simplified Handling of Pending Cases: AD banks can directly resolve outstanding EDPMS and IDPMS cases without needing to refer every individual matter to the RBI. 

Speakers emphasized that exporters must maintain precise records and complete supporting documentation for all transactions, including those monitored through EDPMS and IDPMS. 

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