Health monitors become statement pieces when paired with the brand’s new collection of stackable diamond-studded bands.
$715K Wire Transfer from GJEPC Goes Missing
The payment was meant to reach JCK Las Vegas show organizers to cover expenses for the India Pavilion at this year’s event, but show organizers said they never got it.
Surat, India--A wire transfer of $715,000 from the Gem and Jewellery Export Promotion Council to organizers of the JCK Las Vegas show has reportedly gone missing.
The GJEPC said it wire-transferred the money through a bank to show organizers, who said they never received it, according to the Times of India.
At this year’s JCK Las Vegas show, GJEPC organized the India Pavilion in the “Passport” section on the show floor to include 50 gem and jewelry companies from across the country. The wire transfer was meant to pay for exhibition and set-up charges.
“Due to the nature of the ongoing investigation, we are not at liberty to discuss or comment on the situation beyond what has been previously reported,” said Yancy Weinrich, senior vice president of Reed Jewelry Group. “JCK and the GJEPC have had a longstanding relationship, and are looking toward a prompt remedy to the situation.”
The GJEPC did not respond to National Jeweler’s request for comment by press time, but told the Times of India that it approached the cybercrime cell of the Mumbai police, the Reserve Bank of India and the ministry of finance as well as “investigating agencies in the U.S.”
The bank through which the transfer was sent has started an internal probe to determine if it was blocked somewhere or hacked by criminals.
“The council is yet to receive any confirmation from the bank where the money was lost or hacked,” GJEPC chairman Praveen Shanker Pandya is quoted as saying in the Times. “The bank is investigating on its part to trace the money wire transferred from the council’s account.”
The Latest

Ten organizations were selected this year.

Kim Carpenter and Sam Gevisenheit have joined the brand.

Supplier Spotlight Sponsored by GIA

“Shell Auranova” is the next generation of the brand’s bridal line, featuring half-bezel engagement rings with bold and fluid designs.


Boucheron and Pomellato performed well in an otherwise bleak quarter for Kering amid struggles at Gucci.

Designer Deborah Meyers created her birds from oxidized sterling silver, rose-cut diamond eyes, and Akoya Keshi pearl feathers.

Six new retail businesses were selected for the 2025 program, which began in January.

The company said it expects sightholders to remain “cautious” with their purchasing due to all the unknowns around the U.S. tariffs.

Sponsored by the Gemological Institute of America

Simon Wolf shares why the time was right to open a new office here, what he looks for in a retail partner, and why he loves U.S. consumers.

A third-generation jeweler, Ginsberg worked at his family’s store, Ginsberg Jewelers, from 1948 until his retirement in 2019.

The company failed to file its quarterly reports in a timely manner.

The organization also announced its board of directors.

Charms may be tiny but with their small size comes endless layering possibilities, from bracelets to necklaces and earrings.

Located in Valenza, the now 355,000-square-foot facility includes a new jewelry school that’s open to the public, Scuola Bulgari.

Paola Sasplugas, co-founder of the Barcelona-based jewelry brand, received the Fine Jewelry Award.

A platinum Zenith-powered Daytona commissioned in the late ‘90s will headline Sotheby’s Important Watches sale in Geneva next month.

The basketball stars wear men’s jewelry from the “Curb Chain” collection.

The Signet Jewelers-owned retailer wants to encourage younger shoppers to wear fine jewelry every day, not just on special occasions.

The 21 pieces, all from a private collector, will be offered at its Magnificent Jewels auction next month.

Lilian Raji answers a question from a reader who is looking to grow her jewelry business but has a limited marketing budget.

GCAL by Sarine created the new role to sharpen the company’s focus on strategic partnerships and scalable expansion.

The Indiana jeweler has acquired Scottsdale Fine Jewelers in Scottsdale, Arizona.

“Cartier: Design, Craft, and Legacy” opened earlier this month at the Victoria and Albert Museum in London.

Van Cott Jewelers in Vestal, New York, is hosting a going-out-of-business sale.

Industry veteran Samantha Larson has held leadership roles at Borsheims, McTeigue & McClelland, Stuller, and Long’s Jewelers.