Skip to main content

GJF launches “LABHAM” programme successfully amidst fanfare

Its national rollout to be powered by GIA

The All India Gems and Jewellery Trade Federation (GJF), the country’s leading national trade association of gems & jewellery, today launched its first ever educational programme – “Labham” in Rajkot. A comprehensive ready reckoner – “Labham Reference Book” was also unveiled on this occasion in the presence of important industry leaders across the region. The event was powered by GIA (Gemological Institute of America), recognized as the world’s foremost authority in gemmology.




The Labham programme has been developed considering the needs of jewellers, manufacturers, traders and other constituents of the G&J businesses. The programme is an interactive and intensive one-day educational workshop covering topics like compliance, risk management and best business practices in the gems & jewellery industry.


Ms. Nirupa Bhatt, Managing Director - GIA in India and the Middle East said, “GIA has always supported industry’s efforts to move forward through learning and knowledge. Labham is a unique platform.  It will not only help the trade in improving governance and credibility, but will also provide stability in day to day operations. Along with GJF, we are glad to take this initiative to the trade members spread across the length and breadth of the country.”

Mr. Haresh Soni, Chairman - GJF, said, “We at GJF, believe that compliance and business practice related topics are extremely relevant to businesses big and small. So we wanted to create a platform where our fellow members could educate themselves on these complex topics.” We thank GIA India for supporting this effort to enhance governance. He added, “I hope Labham will be instrumental in, empowering participants to operate their businesses in a more professional manner.”

Specially conceived and developed by GJF, all participants would be offered a ‘Labham’ reference book, which will explain the essential elements of conducting business and adhering to the regulatory and taxation norms prevailing in the industry. During the first phase, GJF will take Labham to 16 cities across all regions, making efforts to reach out to maximum number of self-employed jewellers.

The course fee is affordable at Rs. 750 per head for GJF members and Rs. 1,000 per head for non-members. To register, interested participants can call GJF’s Regional Manager Mr. Pratik Gauri 07874885858 or mail at infodesk@gjf.in



About GJF:  GJF is the national nodal and the largest single trade body in India for the promotion and growth of trade in gems and jewellery across India. It represents over 6,00,000 players comprising manufacturers, wholesalers, retailers, distributors, laboratories, gemologists, designers and allied services to the domestic Gems & Jewellery industry. The Gems & Jewellery industry is a hand crafted and labour intensive with over 1 crore strong labour force engaged in the manufacturing of jewellery industry in the domestic sector. The industry size is estimated to be in the region of Rs. 4,00,000 crore. The Federation’s mission is to support and promote the progress and prosperity of all the members in the gems and jewellery industry across India. It also provides regular news updated on notifications, rules and regulations declared by the Government. It promotes the trade, by participating in promotional events on a national level. It encourages the trade through the organization of consumer exhibits in India. It also counsels educational and research institutes that help in developing superior quality and high standards for effective functioning of the trade.


About GIA: An independent organization, GIA (Gemological Institute of America) is recognized as the world's foremost authority in gemmology. Established in 1931, GIA has translated its expert knowledge into the most respected gemmological education available. Early in the 1950s, GIA invented the famous 4Cs of Colour, Cut, Clarity and Carat Weight.  In 1953, the Institute created the International Diamond Grading System™ which, today, is recognized by virtually every professional jeweller in the world. Through research, education, gemmological laboratory services, and instrument development, the Institute is dedicated to ensuring the public trust in gems and jewellery by upholding the highest standards of integrity, academics, science, and professionalism. GIA India can be found on the web at www.giaindia.in.

By Aryan Rana

Comments

Popular posts from this blog

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

 By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...

IMFA Reports Strong Q2 FY25 Financial Performance Driven by Higher Output and Operational Efficiency

  Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro alloys, announced robust financial results for the second quarter of FY25, ending on September 30, 2024. Financial Performance Highlights For Q2 FY25, IMFA reported strong standalone financial results: Revenue : ₹691.92 crore EBITDA : ₹175.62 crore, with a margin of 25.38% Profit After Tax (PAT) : ₹132.73 crore, achieving an 18.6% PAT margin Earnings Per Share (EPS) : ₹24.60 (not annualized) Exports : ₹652.97 crore This strong performance underscores IMFA's improved margins and profitability compared to the previous quarter, driven by higher production levels and operational efficiencies. Key figures from the company's half-yearly (H1 FY25) performance also reflect IMFA’s resilience in a challenging market, with a PAT of ₹250.25 crore and revenue totaling ₹1,354.2 crore. Operational Highlights IMFA’s operational metrics for Q2 FY25 demonstrated growth and stability: Ferro Chrome Pr...

ICE Make Reports 21.31% jump in consolidated revenue for Q2 FY2025

 Ice Make Refrigeration Limited (NSE: ICEMAKE), a leading innovator in cooling solutions and a prominent manufacturer of over 50 types of refrigeration equipment in India, has announced its financial results for the second quarter (Q2) of the fiscal year 2025, showcasing impressive growth and consistent performance across key financial metrics. Standalone Financial Performance The company reported a notable increase in revenue from operations, reaching ₹101.38 crores in Q2 FY2025. This represents a 21.88% jump compared to ₹83.17 crores in Q1 FY2025 and a significant 34% surge from ₹75.72 crores in Q2 FY2024. Total revenue also followed a similar upward trajectory, standing at ₹101.65 crores, up 21.89% quarter-on-quarter (QoQ) and 33.87% year-over-year (YoY). EBITDA for the quarter was recorded at ₹8.51 crores, marking an impressive 35.08% increase from ₹6.30 crores in the previous quarter and a 10.81% rise compared to ₹7.68 crores in Q2 FY2024. The EBITDA margin improved to 8.37%, ...