India’s Most Coveted Award For Gems & Jewellery Calls For Nominations

India Gems & Jewellery Awards, IGJA, ends its nomination entries on 31st January

Being the orchestrator of your own destiny requires an inborn resilience, and the gem and jewellery industry has time and again exhibited this collective trait since decades by navigating through the ups and downs of economic cycles and contributing towards growth of the nation.  And the India Gems & Jewellery Awards (IGJA) by the GJEPC recognises and honours the entrepreneurial genius of companies across various segments and the allied partners, who support them ably to make it one of the most coveted export-oriented sectors of the country. This is an unmissable opportunity to stand out  and gain instant recognition among your peers.

A lot has been said about the economic- and health-related issues of the pandemic. But ingenuity, compliance, innovation and resourcefulness – a mix of this powerful recipe – brought the gem and jewellery industry back to its feet very soon!

To stand out amidst this gloomy scenario requires a special steely strength and lateral thinking. And our industry has once again proved to be a resilient one in the face of adversities. So what better way to honour such firms than offer a blueprint of success to their peers and competitors by bestowing them with the IGJA award.

Unanimously recognised as the most coveted awards by the gem and jewellery industry, the GJEPC’s 47th edition of the India Gems & Jewellery Awards (IGJA) once again invites nominations for corporate excellence from big, medium and small companies.  IGJA will felicitate companies for their exemplary performance on key parameters like growth, export excellence, marketing initiatives, innovation, CSR initiatives, value additions and investment in R&D, among other attributes, during the year 2019-20.

Established in 1974, theIGJA recognises business excellence, innovation in terms of design differentiation and uniqueness.

Colin Shah, Chairman, GJEPC, remarks,The gem and jewellery industry is built on strong business ethics and has been able to self-regulate during any crisis. This has once again been proved during the unprecedented Covid -19 crisis. For several decades now, entrepreneurs of this sector have put in great efforts to build their businesses, and the Indian gems and jewellery industry as a whole. The India Gems & Jewellery Awards is recognition of their efforts and the phenomenal work undertaken by the members towards the growth of the Industry.”

Vipul Shah, Vice Chairman, GJEPC, comments, “This is an industry where big, medium and smaller players form a complex, inter-connected web, which is not just co-existing, but also complementing and supporting each other in myriad ways. It was realised that size alone does not determine one’s commitment to deliver the best. Since the last couple of years, the awards have been divided across Large, Small and Medium segments, with outstanding achievers in each category being duly recognised.”

Mansukh Kothari, Convener, Events says, “IGJA 2020 will felicitate companies for their exemplary performance on key parameters like growth, export excellence, marketing initiatives, innovation, CSR initiatives, value additions and investment in R&D, among other attributes, during the year 2019-20. The awards will also felicitate supporters of the industry like banks and agencies supplying gold, CHA, etc.”

Below are the award categories:

“Industry performance” category: Precious Metal Jewellery  – Plain (Large) with exports above Rs. 250 Crore; Precious Metal Jewellery  – Plain (Medium) with exports above Rs. 100 Crore upto Rs 250 Crore; Precious Metal Jewellery  – Studded (Large) with exports Rs. 500 Crore & above; Precious Metal Jewellery  – Studded (Medium) with exports Above Rs. 100 Crore upto Rs 500 Crore; Precious Metal Jewellery  – Plain & Studded (Small) with exports Below Rs. 100 Crore; Cut & Polished Diamonds – Highest Turnover (Large); Cut & Polished Diamonds, (Medium) with exports Rs. 250 Crore above up to Rs. 1000  Crore; Cut & Polished Diamonds (Small), Exports Below 250 Crore; Silver Jewellery; Cut & Polished Colored Gemstones; Costume/Fashion Jewellery; Cut & Polished Synthetic Stones; Sales to Foreign Tourist; Best Growing Company of the Year – PMJ (Plain & Studded); Best Growing Company of the Year – Cut & Polished Diamonds.

Special Recognition category: Most Innovative Company, Most Socially Responsible Company, Best Digital Initiative, and Woman Entrepreneur of the Year.

Banks and Agency category: Best Agency Supplying Gold; Best Agency Supplying Gold to Highest Number of Clients; Best Bank Financing the Industry – Overall (Highest Limits Sanctioned); Best Bank Financing the Industry – Exports (Highest Limits Sanctioned); Best Bank Financing the Industry – Export to MSME Companies (Highest Limits Sanctioned) Finance should be under 25 Crore and minimum 10 clients; Best Bank Financing the Industry (Highest Number of Clients); Best Bank Financing the Industry(Highest Growth of Limits Sanctioned- (Minimum base Rs.500 Cr).

Other Award categories: Highest Employment on roll of Company, Highest Tax payer of the company, Life Time Achievement; Clearing Agent of the Year; Highest Gems and Jewellery Sales (Importer).

Dun & Bradstreet has been entrusted with the responsibility of Knowledge Partner for IGJA 2020. The award winners’ finalisation will be purely based on a nomination-driven process, with nominations being open exclusively for GJEPC members, except for certain categories specifically kept open to the supporters of the industry. A proprietary quantitative model developed by Dun & Bradstreet will be used to shortlist the possible award winners, while the final set of award winners will be chosen by an esteemed jury. All companies sending in valid nominations will receive a DUNS number from Dun & Bradstreet. For more details of the IGJA 2020, you may visit https://gjepc.org/igja-awards.php or write to igja@gjepcindia.com

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