Gold & Silver

IBJA wants better role for gold industry in GJEPC

Our Bureau Mumbai | Updated on January 24, 2018 Published on June 12, 2015

The Indian Bullion and Jewellers Association (IBJA) has sought better representation in the Gem and Jewellery Export Promotion Council (GJEPC), the Government body that promotes jewellery exports in the country.

For the upcoming election, GJEPC has formed five groups and allotted eight seats to diamond panel, three for precious metal jewellers, two seats to pearls, synthetic stones, costume fashion jewellery and five seats for Regional Chairman.

The jewellers association has questioned GJEPC decision to allot just three seats to gold jewellery sector against eight allotted to diamond industry. It claimed that gold jewellery export has been on the rise consistently, except for the year when the Government restricted gold imports.

Mohit Kamboj, President, IBJA said as a representative of the government GJEPC should encourage gold and medallion industry and desist from meting out step-motherly treatment to gold industry.

“The regional chairmen have always been selected from the diamond industry for which five seats have been reserved. Of the 20-member panel, 13 members are selected from the diamond trade while jewellers are totally neglected,” he said demanding eight seats for the gold industry.

The Association has urged bullion traders and jewellers to take membership in GJEPC and make their presence felt in the Council's affairs.

Published on June 12, 2015
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