FinancialsAug 15, 2025
In Q2 Results, Pandora Talks Tariffs, Q4 Plans The company had a solid second quarter, with sales of non-charm jewelry outpacing sales of pieces in its core collections.
SourcingJun 24, 2020
India’s GJEPC Appoints New Chairman
Colin Shah is the new head of the Gem & Jewellery Export Promotion Council, taking over for Pramod Agrawal, whose term has expired.
Kama Schachter Managing Director Colin Shah, left, is the new chairman of the Gem & Jewellery Export Promotion Council while Vipul Shah, right, will serve as vice chairman.
Mumbai—The Gem & Jewellery Export Promotion Council, the governmental body that supports the diamond and jewelry trade in India, announced this week it has new leadership.
On Tuesday, GJPEC Vice Chairman Colin Shah succeeded Pramod Kumar Agrawal as chairman, and council members unanimously elected Vipul Shah as vice chairman.
Both men will serve two-year terms.
Colin is the managing director of Kama Schachter Jewelry Pvt. Ltd., which ranks among the top 10 diamond jewelry manufacturers in Asia.
He is active with the GJPEC, the SEEPZ Gem and Jewelry Manufacturers Association, the Young President Organization and the Entrepreneurs Organization.
The company is RJC certified and BPP compliant, and is one of the only diamond manufacturers at which women make up 50 percent of the workforce.
Vipul, meanwhile, is the CEO and managing director of Asian Star Co. Ltd., one of the country’s largest diamond companies. He previously served as GJEPC chairman, from October 2012 to September 2015.
Both Colin and Vipul noted their terms begin at a challenging, uncertain time due to COVID-19, which has dampened consumer demand for diamonds worldwide and hobbled the world’s major trading hubs.
In India, polished diamond exports were down 80 percent year-over-year in April and May.
Colin said policies that make doing business easier, the availability of bank financing—a major issue right now for the midstream sector of the diamond pipeline—and leveraging e-commerce for trade and business are among the priorities for the GJEPC right now.
“The new term at GJEPC starts amid acute uncertainties due to the ongoing COVID-19 crisis in India and the world over. It demands a paradigm shift for the industry,” he said.
“The council is focusing towards recalibrating itself by digitalization across verticals, exploring new ways of reaching customers and unconventional ways of creating demand for gems and jewelry.”
Others elected to serve the GJPEC for the 2020-2022 terms were as follows:
Ashok Gajera (regional chairman-west);
Prakash Pincha (regional chairman-east),
Nirmal Bardiya (regional chairman-Rajasthan);
Dinesh Navadiya (regional chairman-Gujarat);
Mahender Tayal (regional chairman-south); and
Ashok Seth (regional chairman-north).
Sanjay Shah, Dilip Shah, Milan Chokshi, Russell Mehta, Sanju Kothari, Chirag Lakhi, Anil Virani and Manish Jiwani were appointed to the Diamond Panel, while Shailesh Sangani, K. Srinivasan, Mansukh Kothari and Suvankar Sen will serve on the Gold Jewelry & Other Precious Metals Jewelry Panel.
Mahendra Agarwal and Vijay Kedia were appointed to the Colored Gemstones & Pearls Panel while Ram Babu Gupta will serve on the Silver Panel and
Editors' Picks
Sponsored by
Badrinarayanan Gupta on the Sales to Foreign Tourist Panel.
More on Sourcing
The Latest
EditorsAug 15, 2025
Piece of the Week: Etho Maria’s Showgirl-Approved Ruby Drop Earrings Taylor Swift dons the vibrant pair in new promotional imagery for her upcoming album, “The Life of a Showgirl,” set to release in October.
WatchesAug 15, 2025
Audemars Piguet Acquires Majority Stake in ManufacturerIts investment in micromechanics expert Inhotec will preserve skills essential to the watchmaking industry as a whole, said the company.
Brought to you by
Taking the Moment Head On: How Rio Grande Champions the Present & Future of Fine JewelryAs a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.
MajorsAug 15, 2025
Rio Grande Names New Marketing DirectorNicolette Bianchi joins the wholesale provider with more than 15 years of cross-industry experience in marketing and product development.
Weekly QuizAug 15, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsAug 14, 2025
In Midst of ‘Sardine Girl Summer,’ Pippa Small Looks to ‘Flounder Fall’Her new “Ocean” collection was inspired by Myanmar’s traditional articulated fish jewelry, with depictions of flounder, catfish, and more.
MajorsAug 14, 2025
Casio America Names New CEOLongtime Casio executive Yusuke Suzuki is the new president and CEO of Casio’s U.S. subsidiary.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
TrendsAug 13, 2025
Cristiano Ronaldo Proposes With Gigantic Oval-Cut DiamondModel Georgina Rodríguez received a rock of an engagement ring, with her diamond estimated to be 35 carats, experts say.
TrendsAug 13, 2025
Colorado Jeweler, Whiskey Maker Collab on Ring GiveawayThree winners will receive a custom ring from Honest Hands Ring Co. inlaid with a piece of history from Denver-based distillery Stranahan’s.
SurveysAug 13, 2025
These Are The 25 Hottest Retailers, Says NRFJD Sports and Wawa were among the fastest-growing retail companies in the U.S. last year.
SourcingAug 13, 2025
Columbia Gem House Launches Winza Sapphires, RubiesThe new inventory, all untreated, features vibrant hues and unique bicolor combinations.
SourcingAug 12, 2025
Gemfields Sells Fabergé for $50MAcquired by a tech investor, the historic brand will continue to focus on jewelry, accessories, and timepieces.
Policies & IssuesAug 12, 2025
Higher Tariff on Chinese Imports Paused for 90 Days, Trump SaysPresident Donald Trump issued an executive order extending the pause on higher tariffs to November as negotiations with China continue.
CollectionsAug 12, 2025
Jacquie Aiche’s New Collection Harnesses the Energy of the ThunderbirdThe “Thunderbird Slab” collection features a thunderbird motif as a symbol of power, protection, and boundless possibility.
ColumnistsAug 12, 2025
Creative Connecting: How to Take a Better HeadshotColumnists Jen Cullen Williams and Duvall O’Steen share tips on how to elevate your professional image.
CrimeAug 11, 2025
Man Convicted of First-Degree Murder in Death of Colorado JewelerPeter Damian Arguello, a jeweler in the Denver suburb of Wheat Ridge, was found dead inside his store in November 2023.
IndependentsAug 11, 2025
Lisa Bridge to Depart Ben Bridge JewelerThe retailer, owned by Berkshire Hathaway, is becoming part of the Berkshire Hathaway Jewelry Group with Helzberg.
Events & AwardsAug 11, 2025
Bethenny Frankel to Give Keynote at CBG’s Experience ShowThe Continental Buying Group’s 2025 Tampa Experience Show is slated for Sept. 8-10.
EditorsAug 11, 2025
The Colors Expected to Be On-Trend in a Couple YearsAssociate Editor Lauren McLemore recently attended a fabrics trade show where a trend forecaster shared her predictions for summer 2027.
FinancialsAug 08, 2025
Brilliant Earth’s Q2 Sales Up 3% as Engagement Ring Sales RiseThe company raised its full-year sales guidance while noting it has not yet assessed the potential impact of the latest tariff news.
Events & AwardsAug 08, 2025
GJEPC’s Jewellers for Hope Celebrates 10 Years of FundraisingThe organization has raised more than $1.3 million for charity since its inception.
TrendsAug 08, 2025
Piece of the Week: Rahaminov Diamonds’ Bezel BangleThe brand’s latest iteration of a bezel-set diamond bangle features clean lines and a timeless design for a new modern silhouette.
WatchesAug 07, 2025
Bulova’s New Collection Honors Tony BennettThe first watch in the series commemorates his participation in the Civil Rights movement, marching from Selma to Montgomery in 1965.
Lab-GrownAug 07, 2025
Chatham Releases Catalog for Loose Lab-Grown GemstonesThe catalog contains a complete listing of all the loose gemstones in stock, as well as information about the properties of each stone.
TechnologyAug 07, 2025
Rembrandt Charms Debuts New Website, Bird CharmsThe company added a retailer dashboard to its site and three new birds to its charm collection, the cardinal, blue jay, and hummingbird.
Policies & IssuesAug 06, 2025
Tariff on India to Rise to 50%, Trump Says An additional 25 percent tariff has been added to the previously announced 25 percent.
