43rd IGJA Awards rewards movers & shakers of G&J industry

Praveenshankar Pandya (Chairman, GJEPC) presents an ‘award’ to Maharashtra CM Devendra Fadnavis in the presence of Sabyasachi Ray (ED, GJEPC), Anil Virani (Member, Diamond Panel, GJEPC), Kirit Bhansali (Convener, India Gem & Jewellery Awards 2016, GJEPC), Ashok Gajera (GJEPC) and Pramod Agarwal (Co-Convener, IGJA) at the 43rd IGJA 2016.

It was clearly an evening to remember at the recent 43rd India Gem & Jewellery Awards (IGJA 2016) hosted by Gem & Jewellery Export Promotion Council (GJEPC) held at Mumbai’s Trident Hotel, as the council recognised and rewarded star performers across categories from the Indian gem and jewellery sector.

This year also marks the golden jubilee year of the GJPEC and in keeping with this special occasion a mammoth 50 nomination awards and felicitation awards were bagged by leading industry players for their exemplary performance on key parameters like growth, export excellence, marketing initiatives, innovation, value additions and investment in R&D, during the year 2015-16.

In his inaugural address Praveenshankar Pandya, chairman – GJPEC acknowledged that this year’s awards were special, given the council’s golden jubilee celebrations. “The emphasis is on 360-degree excellence by going beyond turnover and evaluating performance based on all-round excellence, ensuring transparency through third party assessment and incorporating awards in new categories.”

Among the host of dignitaries in attendance were Maharashtra Chief Minister Shri Devendra Fadnavis and Nirmala Sitharaman, Union Minister of State for Commerce & Industry, Government of India.

Acknowledging the industry’s importance as a major employment generator, Commerce & Industry minister Sitharaman said, “The gems & jewellery industry has emerged as an important sector for providing livelihood to a large number of people. It has contributed significantly to India’s exports and is an important player in the country’s economic growth.

“It is a matter of great pride that being the world’s largest manufacturer of cut and polished diamonds, India is now becoming a leading international hub for the global gems and jewellery industry,” she added.

In his speech, chief minister Fadnavis lauded the GJPEC’s initiatives towards skill upgradation and removal of trade-related issues. “Since ease of doing business is the mantra of the Central and State Govt, we shall support the gem & jewellery industry with respect to the state-of-the-art exhibition centre, Jewellery Park and Gems n Jewellery University.

“The state government is committed to work support this industry and we shall talk to the Union Finance Ministry and GST Council to support the GST-related demands of the G&J industry,” he said.

Hosted by popular telly actors Sakshi Talwar and Hussain, the final list of award winners was chosen by an esteemed jury panel that included: S. K. Mishra, former Dy. MD & CIO, State Bank of India, Pawan Bindal, Director, Dun & Bradstreet and Nirupa Bhatt, Managing Director (India & Middle East), GIA.

A proprietary quantitative model developed by D&B, was used to short list the award winners, based primarily on computation of composite scores calculated by considering various financial and quantitative indicators.

Among the several industry luminaries who bagged an award were Sevantilal Premchand Shah (Founder Partner, Venus Jewel) who was awarded a Lifetime Achievement Award and Sunita Sekhawat who bagged the Woman Entrepreneur of the Year Award. Leading banks including the State Bank of India, IndusInd Bank and Vijaya Bank also won awards in the Best Banks (Financing the Industry) category.


Cut & Polished Diamonds (Highest Turnover): 1. Kiran Gems Pvt. Ltd. 2. Hari Krishna Exports Pvt. Ltd. 3. Laxmi Diamond Pvt. Ltd.

Cut & Polished Diamonds (Large): 1. Laxmi Diamond Pvt. Ltd. 2. Star Rays 3. Kapu Gems

Cut & Polished Diamonds (Medium): S. Jogani Exports Pvt Ltd.

Cut & Polished Diamonds (Small): Royal Impex

Precious metal jewellery – Plain (Large): PC Jeweller Ltd.

Precious metal jewellery – studded (large): Renaissance Jewellery Ltd.

Precious metal jewellery – plain (medium): Emerald Jewel Industry India Ltd.

Precious metal jewellery –studded (medium): HK Designs (India)

Precious metal jewellery – plain & studded (small): Shree Momai Krupa Jewellers

Best agency supplying gold: The Bank of Nova Scotia

Best Agency Supplying Gold to highest number of clients: MMTC Ltd.

Highest Limits Sanctioned: 1. IndusInd Bank Ltd. 2. State Bank of India

Highest number of clients: State Bank of India

Highest growth of limits sanctioned: Vijaya Bank

Cut & Polished Coloured Gemstones (1st and 2nd): 1. RMC Gems Ltd. 2. KGK Gems (SEZ Unit)

Silver Jewellery (1st and 2nd): 1. Vaibhav Global Ltd. 2. ACPL Exports Pvt. Ltd.

Cut and Polished Synthetic Stones: Industrial Jewels Pvt. Ltd.

Costume Fashion Jewellery: Amrapali Exports

Highest Employment on Rolls of Company (Rest of G&J Items): Emerald Jewel Industry India Ltd.

Highest Employment on Rolls of Company (Diamond): Samarth Diamond

Highest Taxpayer Company (Rest of G&J Items): PC Jeweller Ltd.

Highest Taxpayer Company (Diamond): Kiran Gems Pvt. Ltd.

Sales to Foreign Tourist: Silver & Art Palace

Highest Importer of the Year (USA): S Vinod Kumar USA, INC

Highest Importer of the Year (Far East): Kiran Exports HK Ltd.

Highest Importer of the Year (Middle East): Bafleh Jewellery LLC

Highest Importer of the Year (Europe): Kiran Exports BVBA

Clearing agent/flight forwarder of the year: BVC Logistics Pvt. Ltd.

Life time achievement award: Sevantilal Premchand Shah

Most socially responsible company: 1. Laxmi Diamond Pvt. Ltd. 2. Vaibhav Global Ltd.

Most innovative company: Kiran Jewelry

Best growing company of the year (small/medium): Parishi Diamond

Best growing company of the year (Large): Kiran Gems Pvt. Ltd.

Best E-commerce Enterprise: 1. Bodhi Brands Pvt. Ltd. 2. Kiran Gems Pvt. Ltd.

Women entrepreneur of the year: Sunita Shekhawat

43rd IGJA Awards rewards movers & shakers of G&J industry

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