Winners finalised for GJEPC’s 40th Indian Gem and Jewellery Awards

The jury of GJEPC’s 40th Indian Gem and Jewellery Awards has arrived at selecting the winners.

The GJEPC’s 40th Indian Gem & Jewellery Awards, which was exclusively open for GJEPC members, will felicitate excellent and meritorious performances of gems and jewellery exporters, on the basis of their export performance, value additions, employment generation and investment on R&D among other parameters during the year 2012-13. “The response this year has been very encouraging with over 250 nominations and selecting 31 winners was a challenging task.” said Mr. Vipul Shah, Chairman, Gem and Jewellery Export Promotion Council.

The awards have been rechristened from the previous title of 40th Annual Awards to the 40th Indian Gem and Jewellery Awards.

Of the nominations, 31 winners were selected in total for the various categories including precious metal, jewellery – plain and studded, silver jewellery, cut and polished diamonds, costume/ fashion jewellery, coloured gemstones, sales to foreign tourists and synthetic stone. Apart from these categories, nine special awards have been given based on special classifications such as emerging performer, women entrepreneur, lifetime achievement, etc.

The jury consisted of senior members from the industry and met recently at The Trident, Mumbai to finalize the names of the winners in all the categories. The jury members who selected the winners included Ms. Nirupa Bhatt, Managing Director (India & ME), GIA, Mr. K. Subrahmanyan, Executive Director, Union Bank of India and Mr. Pawan Bindal, Director, Dun & Bradstreet.

This year, the selection process adopted new methodology and judging criteria in identifying the winning companies. A proprietary quantitative model developed by D&B, has been used to select the award winners, based primarily on computation of composite scores calculated by considering various financial and quantitative indicators. Besides recognizing the efforts of the exporters, GJEPC will also honour the top foreign buyers from across the globe in diamond, gold and coloured gemstones, international trade associations, agency supplying gold to exporters and the banks financing the gems and jewellery players. In addition to the acknowledgment of their global standards, GJEPC will award those who contribute to the overall benefit of the Indian gems and jewellery industry.

The actual awards ceremony is slated in Mumbai on 5th October 2013.