EIJS 2010 East India Jewellery Show

East India Jewellery Show (EIJS 2010)
1st Ever B2B Jewellery Trade Show In Eastern India
From 08th May - 10th May 2010
At Netaji Indoor Stadium, Kolkata
Organiser: EXPOSURE
Promotion: JewelFortune.com

Welcome to 2nd adition of
EIJS :- East India’s first ever B2B exhibition on jewellery, gems, diamonds and allied products. With over 100 booths, it is an excellent opportunity to make new business connections, tie-ups, partnerships and most importantly have face-to-face interaction with the right people.

A never before platform to promote and showcase your latest designs, products and services which can cater to the burgeoning needs of the retail sector in East India with jewellery retailers not only from Kolkata - the City of Joy… but also from North Bengal, Assam, North Eastern states, Jharkhand, Orissa, Bihar and parts of Chattisgarh! 

Meant for everyone associated with the jewellery trade, EIJS marks a grand new beginning for a future brimming with prosperity.  

To be held in Kolkata… the pulsating hub of the East… EIJS  is a proud initiative by Diamond Dimensions, Kolkata. Organized by EXPOSURE with Jewel Fortune   as Associate-Promotions,  NYUZ as Associate-Ideas, Chrome as Associate-Hospitality. EIJS 2010 is an endeavor to bridge the gap that exists between the West and the East. Most manufacturers, diamond merchants, equipment dealers are largely based out of Maharashtra, Gujarat, Rajasthan and some from the South too. The primarily markets that they look at traditionally have been the West, North and the South. The East has been a market not tapped, but one which abounds with a culture of jewellery consumption and is a region where a large number of retail jewelers have mushroomed in the past few years.

EXPOSURE, promoted by Sanjay Modi, who is also the owner of two jewellery stores,DIAMOND DIMENSIONS, in Kolkata and a modern factory set-up with around 100 strong work force. He has travelled and been a participant / visitor at almost all shows in the country, and he noticed the vacuum of a trade show in East India. It was his initiative with the support of his Associates that helped him take this valiant step.

JEWELFORTUNE.COM….. a venture by Mr. Sunil Tosawar, has been given the responsibility of promoting this show. Given his vast experience and his personalized relation with the top notch jewelers of the region, we are sure of reaching to all the retailers of eastern region. He is our Associate: promotions

NYUZ, promoted by Navin Sadarangani, who has been in the trade since the past 17 years, has a clear mission which goes along the lines “to influence the quality of management and service in the domestic jewellery sector”. NYUZ is helping as an Ideas Associate in this entire exercise.

To put it all in a gist, it’s an entire team effort, spearheaded by Sanjay Modi at the helm. 

Gold hit a fresh record high above $1,130

Gold hit a fresh record high above $1,130

Gold hits record high above $1123

LONDON — The price of gold surged to an all-time high point above 1,123 dollars per ounce here on Thursday, as trade was driven by buoyant stock markets and the weak US currency, analysts said.

On the London Bullion Market, gold jumped as high as 1,123.38 dollars an ounce.

"The metal remained supported by stronger equities and the weaker dollar," said James Moore, analyst at specialist metals website TheBullionDesk.com.

Gold has blazed a record-breaking trail in recent weeks on the back of the struggling US unit, which makes the dollar-priced precious metal cheaper for buyers holding stronger currencies, and therefore tends to boost demand.

Gold hits record high above $1120

Gold hit a fresh record high above $1,121 an ounce as investors continued to buy the precious metal as a hedge against the dollar's weakness.

Spot gold XAU= rose as high as $1,120.30 an ounce, a new all-time high, compared with New York's notional close of $1,117.45.

U.S. gold futures for December delivery GCZ9 were at $1,120.40 an ounce, after hitting a fresh record at $1,120.70.

Jewel Fortune Launch East India Ist Jewellery Magazine From Kolkata

Jewel Fortune Launch East India Ist Jewellery Magazine by Mr. Bachhraj Bamalwa (Vice Chairmen of GJF (All India Gems And Jewellery Trade Federation) in Kolkata. with Pankaj Parekh (Vice Chairmen of GJEPC East Regional ), Mr, Subir Sen, President of Swarn Shilp Bachao Commity and many more...............

Jewel Fortune is conceived and built through the collaboration of a core team of exhaustive research work, specialists and experts in advanced internet technologies. Our goal in constructing Jewel Fortune is to provide a new environment specifically designed for the global trading community where information could be found, shared and searched in a structural, convenient and predictable manner. Thus simplifying the market research process for the information’s on gold, diamond, jadau - kundan jewellery, machinery tools, gemstones & colour stones, manufacturers, wholesalers, retailers, exporters, importers, bullion merchants, diamond merchants, jewelery hallmarkers etc... on worldwide jewellery industry

Our most valuable feature is the ability of our advanced database to power the “search” across the planet .

East India Jewellery Retail Show 2009

Jewellery exhibition Sonar Sansar which started its journey in 1997 and took a break three years ago is back in Kolkata. Christened

the East India Jewellery Retail Show 2009, the exhibition will be held from November 27 to 30 at Netaji Indoor Stadium where 75 national and international jewellery houses would participate. “Kolkata is the birthplace of some of the most skilled craftsmen and many jewellery brand ambassadors come from Kolkata too – like

actors Bipasha Basu, Ria Sen, Raima Sen. But there was no large-scale show here to promote jewellery like in other cities. With this show, Kolkata comes on the map of world jewellery shows,” said Navin Sadarangani, founder of NYUZ, a jewellery retail enterprise.

“Simple gold jewellery has been out for about four to five years now. Today jewellery has to have other accompaniments, especially colored stones. The exhibition will thus have jewellery with kundan, jadau, polki, and other works with inclusion of Burmese and

Thailand jewellery. Fashion and silver jewellery, Victorian jewellery will be there too,” said Sanjay Modi, proprietor, Exposure, exhibition organiser.

Speaking on what can the ladies expect at the exhibition, Pankaj Parekh, chairman, Gem & Jewellery Export Promotion Council, eastern region, said today’s women prefer to go for light jewellery. “No one likes to buy a 300gm set anymore; instead, you go for 20gm pieces each with a lot of stones which can give the piece breadth and break the monotony too. Diamonds studded jewellery (in gold) with colored stones is the order of the day. This jewellery is fast replacing especially diamonds and taking a big pie from the buyer’s pocket.” Parerkh, however, also shared the drawback of this trend - one can wear the colored stones only with matching attires, not anything and everything, as the case is with diamond jewellery.

According to Bachcharaj Bamalwa, vice chairman, All India Gems and Jewellery Trade Federation, “Trend changes every day and nothing but creativity is common between jewellers. This exhibition will be a reflection of the changing mentality of customers. The general idea of buying jewellery has been going to the family jeweller and getting it done. But today people want variety and are ready to go out to various other jewellers. This one exhibition gives them that trust.”

Visiting an exhibition is always good for a trendsetter and a trend creator. “Students and designers yearning to get a glimpse of latest world jewellery will get a learning opportunity here. One evening will be devoted for networking among the retailers,” said Sadarangani.

The starting price at the exhibition will be Rs 1000.

Posted by Sunil Tosawar Proprietor of Jewel Fortune

Gold prices have increased by almost 20 per cent

Jewellery manufacturers are looking at bringing down the caratage of gold in studded jewellery from 18 carat at present to about 14 carat in order to bring down the prices and pass on the benefit to the customers, according to Mr Bachcharaj Bamalwa, Vice-Chairman, All India Gems and Jewellery Trade Federation.



“Gold prices have increased by almost 20 per cent since the beginning of this fiscal and it is currently ruling at about Rs 17,000 for 10 grams. In order to make jewellery affordable for consumers, we are considering the option of lowering the caratage in diamond and other studded jewellery,” Mr Bamalwa told newspersons on the sidelines of a press conference to announce the East India Jewellery Show (EIJS) here on Wednesday.

The lowering of caratage would bring down prices of studded jewellery by about 16 per cent, he observed.

“We are conducting a pilot study to ascertain the feasibility and market for such jewellery. We will also consider bringing down the caratage of gold to nine if prices rise further (beyond Rs 20,000 for 10 grams),” he added.

Fall in demand There has been a sharp fall in demand for pure gold and studded jewellery because of the high prices, he pointed out. This is reflected in the 75 per cent fall in gold imports by the country during the first ten months of the current fiscal.

“India has imported close to 170 tonnes of gold during the first ten months of the current fiscal, against 390 tonne during the financial year 2008-09.

Going by this trend, we feel the total imports this fiscal might stand at about 200 tonne, a drop of about 49 per cent,” he said.

Though it was difficult to ascertain whether gold prices would increase further, Mr Bamalwa said, “If gold purchase by the central banks across the globe continues the way it is at present and if dollar slides further against other currencies, we can see gold prices rising further.”

The four-day EIJS’s Sonar Sansar exhibition, beginning on November 27, will showcase the latest designs and products for the customers in the eastern region.

Kerala Gem & Jewellery Show 2009

Kerala Gem & Jewellery Show 2009, the second edition of the incredibly well received B2B jewellery exhibition, offering a mine of golden business opportunities will be held from 21st to 23rd of November 2009 at Le Meridien, Cochin.
KGJS has started in 2008 identifying the long felt need in the state of Kerala to bring the retail trade closer to the manufacturers.

It is conceived as an ideal platform for jewellery manufacturers, retailers, artisans, and exporters to interact, network, source the latest designs and enhance their knowledge and further their business prospects.

KGJS 2008 has received an overwhelming response with more than 125 exhibitors and 5000 quality trade visitors from every district of Kerala and other regions of southern states. The exhibition was successful in giving big exposure to the state’s jewellery manufacturers and craftsmen and boosted the brand equity of Kerala. Going by the response, both exhibitors and visitors have immensely benefited by the show.

This year, over 175 exhibitors from India and abroad will showcase their latest designs and products. There will be 3 air-conditioned halls with exclusive pavilion for gold and diamond jewellery manufacturers. Another feature makes the show more impressive is the carefully chosen dates. It’s an ideal time to replenish new jewellery stocks for the Christmas, New Year and wedding season.

Kerala- the golden coast of jewellery business

Kerala, known for its penchant for gold since the days of royal rule, is turning out to be one of the hottest destinations in the country for jewellery trade. The state has the distinction of consuming 20% of India’s gold. There are over 10,000 jewellery retail outlets with well maintained stock and wide variety of ornaments here. Showrooms are comparatively huge in size and multi-chain outlets like Alukkas, Malabar Gold, Bhima etc. have presence even in hinterland towns.

Kerala in these days, with its high purchasing power and unmatched admiration for the glittering metal, emerged as a golden coast for the business. Jewellery retailers from Mumbai, Gujarat, Jaipur, Coimbatore etc. are flocking to Kerala to tap the lucrative market. Trissur is one of the largest jewellery hubs in South India and has around 3,000 large and medium size manufacturers. Around 40,000 artisans employed in the trade in Kerala. The most encouraging fact is that the global recession has not affected the industry here, and about 650 kg of gold is being traded daily in the market.

L. Gopal and Sons launches Pragya Diamond Jewellery

L. Gopal and Sons launches the Diamond Jewellery brand of the east with a star-studded glittering

East is still a virgin market when it comes to diamond jewellery retailing, as no other diamond jewellery brand has so far tried to make inroads into the territory because customers there still treat diamond as a valuable proposition. But L Gopal & Sons, Assam’s premier jewellery manufacturer and retailer, is on a mission to wipe out that mental block among the buyers by introducing its flagship diamond jewellery in December last year. The launch of Pragya also marks the completion of 25 years of L Gopal in Guwahati.

With Rs 3,000-50,000 price-band, intense promotional activities and banking on a well-knit retail network, L Gopal & Sons is projecting Pragya as a viable alternative to gold jewellery as well as leading popular diamond jewellery brands.

“To be honest, we can’t compete with premier diamond jewellery brand with such a limited resource. That’s why we are trying to touch the emotional chord of the buyers by promoting it as Assam’s first diamond jewellery range,” says Vikas Soni of L Gopal and Sons.

Pragya made it’s debut on December 28, 2008 with gala launch-event that featured audio-visual presentation and a fashion show. L Gopal and Sons also took this opportunity to facilitate eminent people of Assam from various walks of life for their contribution with a specially designed and crafted diamond jewellery named Gems of Assam. The idea is basically to draw parallel of those luminaries whose sparkle has been inspiring fellow Assamese with diamond.

In addition to whipping up the local emotions and sentiments, L Gopal & Sons is banking heavily on economical price-point and customers’ awareness to make Pragya a success. “We are putting our best effort to bust the diamond-is-pricy myth. We want to make buyers aware of that fact that you won’t have to shell out Rs 10,000 or more to buy diamond jewellery or that of popular brands. Thanks to Pragya, you can go for diamond jewellery with a modest Rs 6000-7000 budget What’s more, they are getting 18-carat hallmarked diamond jewellery certified by Diamond & Gem Laboratories of America,” says Soni. Thus, they have walked the extra mile to assure customers of the quality of their product as well as give Pragya an international flavour.

In addition, Pragya wants to get the edge over other diamond jewellery brands with superior and prompt after-sales service. L Gopal and Sons is keeping its service network on its toe all the time when it comes to repairing any diamond jewellery set within record turn-around time.

Unlike other cities in India, the north-east doesn’t have market for diamond jewellery and the absence of market was probably the biggest hurdle for Pragya. But L Gopal turned those challenges into opportunities and tried to create awareness among jewellery retailers to make them understand the value of diamond as an alternative to gold.

L Gopal has three stores in Guwahati promoting Pragya in every possible way. Soni will be opening another 4000 sq. ft. jewellery store in Guwahati in September to expand their presence in the city.
L Gopal has also teamed with one retailer each from cities like Diburgarh, Jorhat, Dimapur, Shillong, Agartala, Dhubri and Bongaigaon to merchandize Pragya in their respective catchment areas. Although, the jewellery giant is selling their products to those retailers, they are also doing business on consignment basis with a departmental store in Shillong. In addition, the retailers have the option to return 20% of the stock within six-month time period.

However, Soni doesn’t think his job ends the moment he sells their product to retailers. In fact, his ultimate goal is to get it sold to the end-customers. That’s why he has been helping the retailers with every possible way to attract buyers. From packing materials, ad promotions to various other inputs, he arms his retailers with everything they need to make profit-register ringing.

So far the market response is satisfactory for Pragya and credit should go to that promotional event and subsequent promotions in various media like print, outdoor etc. Soni claims thanks to such a strategic media-mix, they have been able to enhance Pragya’s visibility and sales to a considerable extent.

Available in regular wear, party wear and fancy wear range, Pragya has got everything going in its favour. However, Soni is not ready to go places with Pragya at the moment. He wants to keep his business restricted to east only, as he thinks he has got the market in his grip. That’s why he doesn’t have any IIJS-centric promotional plan for Pragya. May be in 2010, Pragya could make its IIJS debut, hints Soni.

Right now Pragya’s next stop would be Kolkata. “As we have office in Kolkata along with wholesale and manufacturing unit there, we are thinking of introducing this Assam-inspired diamond jewellery line in Kolkata sometime next year. We will be doing elaborate market survey to determine the retail marketing model and promotional blend for the city of joy,” says Soni.

As Soni is well aware of how often big jewellery brands falter while foraying into the local markets, he has consciously toned down Pragya’s brand proposition to make it a more localized affair and to make it more appealing to your local customers.

Union Chains Launch Fusion Fiesta Collection

Union Chains & Jewelers, a leading Gem & Jewellery player in India, in yet another pioneering move launches ‘Fusion Fiesta’, the first time ever collection of apparel and accessories weaved in gold and silver. This line features precious clothing jewelry and accessories for men and women including formal suits, club wear, lingerie, pillow covers, artifacts, bags, shoes and other accessories.

The collection was launched at a dazzling fashion show held at The Leela Kempinski yesterday with leading models such as Aryan Vaid, Alicia Raut, Shonali Raut walking the ramp. Launched at the fashion show, were two new collections – Mia Italia, an Italian style jewellery and Diamond Damsel, exquisite chains collection. The collections were launched officially at India International Jewellery Show 2009, Asia’s biggest jewelry show. This B2B show is the ideal platform to display the very best they we have to offer.

Founded in 1991 by Mr. Mansukh Sanghvi, Union Chains & Jewellers have grown by leaps and bounds over the last two decades and has PAN India presence today. The brand is a trendsetter, introducing innovative collections and concepts. One of the initiatives being the launch of Ultra Light gold chains weighing as low as 0.80 mg for international and domestic trade. The brand believes in international standards of quality, craftsmanship, innovation and trust.

Union Chains & Jewelers has an extensive R&D and manufacturing infrastructure spread across seven units manufacturing jewellery in 18 and 22 carat jewellery. With an indigenously produced collection, the brand ensures complete quality and offers cost benefits to the consumers. The brand exports to Middle East and UAE and plans to expand its market to Europe and USA shortly.

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