IBJA e-Magazine Coming soon published by PassionFox

1 EGAP


PRESIDENTS MESSAGE
Prithviraj Kothari
PRESIDENT
After a Gap of almost 70 days of lockdown, business in Zaveri bazaar has restarted with new normalcy. IBJA has helped in the distribution of hygiene kits to the jewellers in Zaveri Bazar for the safety of their staff and customers. We have distributed sanitization machines in the entire market area and also distributed nearly 500000 meals to jewellry worker and shall do everything best possible to help and protect them. IBJA is regularly sending SMS and covid-19 safety presentations to our members so that they are well informed regarding the safety guidelines to run their business with the utmost care during this
AftepraandGeampiocf.aWlmeorsetq7u0edsatyosuorfmlocekmdbowerns, tbousdiinleigsesnintlyZafovlelroiwbatzhaeasrahfaestyrensotarmrtesdsweitthby new normalcy. IBJA has helped in the distribution of hygiene kits to the jewellers in Zaveri
the government. However, commuting for staff and customers in metropolitan
Bazar for the safety of their staff and customers. We have distributed sanitization machines
cities like Mumbai is impossible without public transport. The migration of
in the entire market area and also distributed nearly 500000 meals to jewellry worker and
labour to their native is also a big hurdle for jewellery manufacturers. However,
shall do everything best possible to help and protect them. IBJA is regularly sending SMS and covid-19 safety presentations to our members so that they are well informed regarding
consumer demand for jewellery is appx 700 tons per year and Zaveri bazaar
the safety guidelines to run their business with the utmost care during this pandemic. We
itself does a daily turnover of appx 1100 crore. We expect gradual normalcy in
request our members to diligently follow the safety norms set by the government. However,
the next three months and back to normal by October 2020. Many marriages
commuting for staff and customers in metropolitan cities like Mumbai is impossible without public transport. The migration of labour to their native is also a big hurdle for jewellery
are likely to prepone and expenses on a big fat wedding are likely to shift to
manufacturers. However, consumer demand for jewellery is appx 700 tons per year and
jewellery buying. The percentage margin will improve with a reduction in
Zaveri bazaar itself does a daily turnover of appx 1100 crore. We expect gradual normalcy
operational and marketing cost, which will be positive for the industry. Let us
in the next three months and back to normal by October 2020. Many marriages are likely to preaplolnceomanedteoxgpeethnseersforn tahbeigsmfaot owtehdfduingctairoenlikneglyotfoosuhriftfrtoatjerwneiltlyeraynbduyfinggh.tThe percentage margin will improve with a reduction in operational and marketing cost, which will be positive for the industry. Let us all come together for the smooth functioning of our
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fraternity and fight


Mr. Kothari has been in the family business of gold trading for over 30 years and counting. As one of the promoters, he has almost single handedly steered Riddi Siddhi Bullions Limited to the top 10 unlisted public companies in India in terms of sales turnover as per BS1000. He has given some crucial advice to the Indian Government in helping them to make the bullion markets more organised. He has been the pioneer in introducing 'Instant International price based INR denominated bullion trading in India'.
In the past, he had served as the President of the Bombay Bullion Association (BBA). As a president, he had played a crucial role in promoting BBA in the international markets. He has played a vital role in the introduction of gold ETFs in India. Under his vision, RSBL has successfully launched India's first and only electronic over the counter bullion trading system, RSBL SPOT.
He is one of the founding members and directors of the Jain International Trade Organisation (JITO), an organisation promoting trade and welfare amongst it community members.
He has been felicitated with the prestigious Jain Ratna award twice, once by Honourable President of India, Smt. Pratibhadevi Patil on 13th March, 2012 and second time by Honourable Chief Minister of Maharashtra Mr. Prithviraj Chauhan on 23rd April,2013 for contributing remarkably towards the well being and upbringing of the Jain fraternity.
Not taking away his ever increasing achievements, he is not an ordinary Bullion Man or a dealer; he is an Entrepreneur who wants to revolutionize Bullion Industry.
Jewellers & Bullion dealers only trade inBullion but Mr. Kothari believes in turning one's dream of owning bullion withthe best price of the Industry.
Now, he is the president of the India Bullion and Jewellers Association (IBJA)
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JA IRIRVAHTTIORKP


National Board Members
Prithviraj Kothari National President
Rajesh Khosla National Vice-President
S. M. Mehta Mohit Bharatiya National Secretary Chief Mentor
Ketan Kothari
Jt. National Secretary
Sanjay Jain Nimesh Chokshi Ganpat Mehta National Treasurer Jt. National Treasurer Co - Advisor
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Governing Board of Directors
Chanda Venkatesh Vicky Jain Haresh Acharya
Harmesh Arora
Prakash Jain Manoj Jain
Suresh F Jain Ganesh Agarwal
Vinod jain Saurabh Gadgil Tanya Rastogi Ashish Pethe Lalit Jain
P Malle
PAGE 5
atheM ramuK ardneraN
atheM lawargA yajiV domarP
ituoG dnahcitamuS
aidnuH .G hseruS
ivhgnaS dnahcimeN


THE CENTURIES OLD GOLD MARKET OF THE CITY HAS SEEN A DRASTIC FALL IN SALES DURING THE PAST FEW MONTHS. EVEN AFTER THE REOPENING OF SHOPS, THE GOLD TRADERS HAVE NOT SEEN A DAY WITH GOOD INCOME.
6 EGAP
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NOOS ’EREESTTOITLGS‘EPEOHTH
Y RY ER LT LS EU WD EN IJ
SWEN TNERRUC


EXTENTED MANDATORY HALLMARKING OF GOLD JEWELLERY DUE TO COVID-19
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2202/10/10 OTPU


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9 EGAP
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SRELLEWEJ NAIDNI


01 EGAP


THE RISING FEAR OF A
SECOND WAVE OF COVID-19 INFECTIONS, WEAK ECONOMIC OUTLOOK, AND A SELLOFF IN EQUITY MARKETS WILL KEEP THE INTEREST IN YELLOW METAL ALIVE, SAY EXPERTS.
Weak economic outlook and a selloff in equity markets will keep the interest in yellow metal alive.
EXPERTS SAY THAT RISING FEAR OF THE SECOND WAVE OF COVID-19 CASES, WEAK ECONOMIC OUTLOOK AND A SELLOFF IN EQUITY MARKETS WILL KEEP THE INTEREST IN YELLOW METAL ALIVE.
11 EGAP
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S
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21 EGAP
4107720399-19+ : ELIBOM YEBUD ATIMS: TCATNOC
OFNI EROM ROF
.)revliS dna ,munitalP,dnomaiD,dloG( seirogetaC lla ni yrtsudnI ruo fo srelaselohw & srerutcafunam rof snoitide cificeps noiger /ytic 51 ecudortni
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