The independent jeweler first opened its doors in 1888.
Construction of a 21-Acre ‘Jewelry Park’ in Mumbai Is Underway
The industrial park will feature manufacturing and training facilities as well as residential housing for workers in the gem and jewelry industry.

The industrial park, located in the Maharashtra state, will feature design and technology centers, training facilities, common areas, manufacturing units and other commercial support services.
India’s Minister of Commerce & Industry and Civil Aviation Suresh Prabhu attended the recent stone-laying ceremony for the new facility, along with several members of the GJEPC, including Chairman Pramod Kumar Agrawal and Vice Chairman Colin Shah.
Maharashtra, which spans across west-central India, is home to the Bollywood film industry and historic sights, including Aga Khan Palace.
The jewelry center will boast state-of-the-art machinery, including a suction and drainage system that collects gold dust that is expected to reduce the gold loss ratio from 10 percent to 3 percent.
Residential housing, ranging from 500 to more than 1,000 square feet, will also be available, taking a page from the book of jewelry manufacturing centers in China and Turkey.
The compound’s infrastructure will include its own system of roads, telecommunication lines, solar energy, a water treatment plant and rainwater harvesting.
The project is expected to generate 100,000 jobs and boost overall economic development in Maharashtra.

GJEPC did not respond to inquiries about when it expects the park to be completed.
A mix of government subsidies, including special incentives by the cabinet sub-committee for industry, and investments from the gems and jewelry industry, are being used to fund the project’s construction.
Minister Prabhu said the park was “symbolic of the direction of the future economic march” of India.
“We have to inject new energy into enterprise and business in order to generate more jobs and prosperity for the common man,” he said.
The state’s goal is to double its merchandise exports from $500 billion to $1 trillion, which GJEPC Chairman Agrawal expects Maharashtra to reach by 2025.
The gem and jewelry sector is expected to play a significant role in that journey; the process is underway to create a Domestic Gem & Jewelry Council to work toward the goal of doubling exports in the sector to $80 billion.
India’s gem and jewelry exports currently account for $40 billion, contributing 14 percent to the country’s total merchandise exports and employing 5 million workers, according to GJEPC.
The Latest

The layoffs come amid the TV shopping channel’s efforts to restructure and focus on live shopping through social media.

The debut event will take place in Miami’s Coconut Grove neighborhood this fall.

Bench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.

The roundtable will take place May 17 ahead of the trade show’s welcome dinner.


The “Peanuts x Monica Rich Kosann” collection features the comic strip’s classic vocabulary across 10 bracelet designs.

Three industry experts dive into the complexities of the material often marketed as an “ethical” alternative for metal in jewelry.

Natural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.

Diamonds are not only one of the most prominent gemstones, but the birthstone for those born in April.

The Utah-based company known for making wedding bands has acquired Doubloon Golf.

The longtime luxury executive led one of LVMH’s watch brands, TAG Heuer, for 12 years before taking over Bulgari in 2013.

Authorities said the robbers fled with jewelry and 70 Rolex watches, later taking pictures of themselves posing with big stacks of cash.

The ring's design features contrasting lines influenced by work from architecture-inspired photographer Nikola Olic.

The Conference Board’s index fell as consumers continued to worry about the impact of tariffs, the labor market, and the price of eggs.

However, two medieval jewels surpassed estimates at Noonans Mayfair’s recent jewelry auction in London.

The Oscar-nominated actor debuted in the campaign for the new “Top Time B31” collection, which introduced Breitling’s Caliber B31.

The family-owned retailer is the new owner of Morrison Smith Jewelers in Charlotte, North Carolina.

The “150 Art Deco” collection features a Miss America timepiece and a pocket watch from the brand’s Archive Series.

Alex Wellen, formerly CEO and president of MotorTrend Group, has taken on the role.

The Impact Initiative is part of the nonprofit association’s new three-year strategic plan.

The ruby and the sapphire, which Christie’s calls a “once-in-a-generation masterpiece,” are part of the upcoming Hong Kong jewelry auction.

The two pairs of earrings, snatched from a Tiffany & Co. store in Orlando, Florida, are valued at a combined $769,500.

The time to start experimenting with video content is now, writes columnist Emmanuel Raheb.

From striking high jewelry to miniature fine jewelry, the new chapter continues to highlight gemstones featuring its signature 57-facet cut.

The jewelry giant is reducing its senior leadership by 30 percent as part of its new turnaround strategy.

The auction house's partnership with online watch servicing platform WatchCheck makes repairs convenient and accessible, it said.

The company also noted record sales in the United States and a strong performance in its jewelry category.