National News
Vinsmera Group to invest Rs 2,000 crore in jewellery retail business

Vinsmera Group, founded by the Kambrath brothers—Dinesh, Anil, Manoj, and Krishnan Kambrath—has announced plans to invest Rs 2,000 crore (approximately $233.5 million) over the next two years to establish a gold jewellery retail chain across India and the UAE.
The investment will fund the establishment of 20 jewellery showrooms and production units in key locations in India and the Gulf region. The first phase of the expansion will see exclusive showrooms in cities like Kozhikode, Kochi, Thiruvananthapuram, Chennai, and Bengaluru, along with a state-of-the-art manufacturing facility in Kannur. Additionally, the company will open outlets and production units in Abu Dhabi, Dubai, and Sharjah.

Malayalam film icon Mohanlal has been appointed as the brand ambassador for Vinsmera, which aims to redefine the jewellery retail experience by prioritizing craftsmanship, sustainability, and job creation. Dinesh Kambrath, Co-Founder of Vinsmera, emphasized, “Vinsmera is not just a brand; it is a promise of quality and innovation.”
The venture is expected to create around 2,500 jobs, with a strong focus on women’s participation in the jewellery manufacturing value chain. The company, which already employs over 1,000 people, has a significant female workforce.
The first Vinsmera retail store in Kerala is set to open in Kozhikode by the end of April, with a spacious 10,000-square-foot showroom. This will be followed by the opening of another store on MG Road in Kochi.
Vinsmera Group is also committed to environmental sustainability. Its 50,000-square-foot manufacturing facilities in Sharjah and Kannur follow green best practices, including the use of hydrogen fuel, earning the company global recognition for its eco-friendly approach.
With over three decades of experience, Vinsmera Group designs and exports jewellery for leading brands in India, the Gulf, the United States, and the United Kingdom. Its wholesale units are located in Dubai, Kannur, and Thrissur.
National News
JYPL Season 8 : Beyond the Boundary: Business and Brotherhood at JYPL
Aarya 24KT Royal Rangers crowned champions; Auric All Stars bag runners-up spot

Jewellery Youth Premier League (JYPL) Season 8 saw another edition concluding successfully- brimming with exciting cricket, a competitive spirit and bonhomie. Jewellery Youth Forum, organizers of JYPL, have truly been successful in achieving their objective: conducting this cricket league to connect the jewellery fraternity and create a networking platform to foster business and brotherhood. This annual event has become a cornerstone for connecting industry stakeholders, promoting healthy competition, and strengthening professional relationships.

After 41 well contested matches, Aarya 24KT Royal Rangers were crowned champions, beating Auric All Stars by 47 runs in the finals. JYPL Season 8 was conducted from March 5-9, 2025 at Central Railway Ground, Parel, Mumbai. The exciting tournament saw 20 teams comprising 260 players (all owners representing the jewellery industry) and 300+ companies associated with the industry. Over 2500 attendees caught the action at JYPL.

JYPL was celebrated with pomp and splendour- the opening ceremony saw a grand marchpast with participating teams marching in with their team flags. The opening ceremony, oath taking ritual and other elements added to the event’s grandeur.The formal inauguration was done by Pramod Kumar Agrawal, Chairman – Derewala Industries along with Avinash Gupta, Vice Chairman – GJC. The Central Railway Ground provided an excellent venue for the tournament, accommodating the large number of participants and attendees. The Jewellery Youth Forum’s meticulous organization ensured the smooth execution of the event, contributing to its overall success.
🏆 Award | 🏏 Player | 🔹 Team |
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Man of the Match (Final) | Kashish Parmar | Aarya 24KT |
Man of the Series | Kashish Parmar | Aarya 24KT |
Best Batsman | Harshit Jain | Sky Gold Risers |
Best Bowler | Krushant Jain | Auric All Stars |
Best Fielder | Kashish Jain | Auric All Stars |
National News
Major Gold Reserves Unearthed in Odisha: A Game-Changer for India’s Mining Industry
Odisha’s Gold Discovery Sparks Optimism for Growth in the Mining Sector, with Plans for Large-Scale Auction Underway

Odisha has emerged as a promising new hub for gold mining, following the discovery of vast gold reserves across several districts. Bibhuti Jena, the state’s Mines Minister, confirmed the exciting find and announced ongoing exploration efforts. The state is set to hold a large-scale auction of gold mining blocks in the near future to capitalize on this newfound potential.
Key districts such as Sundargarh, Nabarangpur, Keonjhar, and Deogarh have been identified as hotspots for the gold reserves. Exploration is also expanding to regions like Malkangiri, Sambalpur, and Boudh, with more discoveries anticipated. In Mayurbhanj, areas like Jashipur, Suriaguda, Ruaansi, Idelkucha, Maredihi, Suleipat, and Badampahad are under investigation for their mineral potential.
One of the most notable discoveries has been in Deogarh district, specifically in Adasa-Rampalli, an area where gold traces had been found earlier. The Geological Survey of India (GSI) is actively conducting G-2 level exploration in this region, revealing the possibility of multiple mineral resources, including copper.
Keonjhar district is also a key focus for gold exploration, with surveys being carried out in areas like Gopur-Gazipur, Mankadchuan, Saleikana, and Dimirimunda. These efforts form part of Odisha’s larger strategy to develop its mining industry and fully utilize its untapped mineral wealth. The state government is closely involved, and the upcoming auction of gold mining blocks in Deogarh is seen as a major step forward.
The exploration is being carefully monitored by state authorities, the GSI, and the Odisha Mining Corporation, with technical committees set to review the final exploration reports to assess the viability of commercial mining. Early findings suggest promising potential, and final results are expected by the end of 2025.
This discovery further solidifies Odisha’s reputation as a mineral-rich state, while positioning India as a key player on the global mining stage. If the reserves prove commercially viable, the gold deposits could provide a significant economic boost, drawing both domestic and international investments into the country’s mining sector.
National News
Surat diamond workers demand 30 per cent wage hike

As many as 5,000 diamond workers in Surat took to the streets to mark the start of an indefinite strike.Members of the Diamond Workers Union Gujurat (DWUG) are demanding a 30 per cent pay increase from employees, together with a package from the government of other measures aimed at helping businesses workers and their families.
Diamond workers in Surat have initiated strike action, demanding a 30% wage hike. They claim their wages have remained stagnant for over a decade.The diamond industry in Surat is experiencing a significant slowdown, leading to financial distress for many workers. Reports indicate that some workers have resorted to suicide due to these hardships.
Key Demands include wage increases,a government relief package formation of a welfare board and Financial support for the families of workers who have died by suicide.
Surat is a major center for diamond cutting and polishing, employing a large workforce.he slowdown in the diamond industry is having a large impact on the city.Workers have stated that they have previously given memorandums to the government, and felt that there has been a lack of action.
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