A majority of organised jewellery traders in India are keen on adopting modern practices in manufacturing as it would bring down the wastage involved during the making process, said an official from the industry.
Industry sources say their margins stand in the range of 2-10 per cent and is directly proportional to in-house modern technology. Modern practices would help in improving both retail sales and margins.
In line with these issues, the city is hosting a three-day business to business Jewellery & Gem Fair (HJF) 2013 from June 7. The event, which is being organised by UBM India, would witness 125 major jewellers from across the country.
Kranti Nagvekar, group director, UBM India, said: “The platform will help both jewellers and traders to know the latest trends in styles, industry practices and exporters demand. The major attraction during the current edition would be light-weight jewellery and we’re expecting big order placements both from local and overseas traders. Customers here in India prefer Jaipur-studded and Hyderabad precious stone jewellery.”
She said the recent fall in gold prices would help exporters improve their revenues and remain competitive in the overseas markets. India exports jewellery to Singapore, West Asia, Istanbul, Russia, Germany, China and Taiwan.
Brooks said of the launch: “We are providing an affordable platform from which young designer-makers can fulfil their aspirations, work on commissions and develop collections without the burden of huge start-up costs. Studio rent and the purchase of equipment can be a real stumbling block to gaining a foothold in the industry, so our facility with its a range of essential equipment offers a solution to these problems faced by graduates and established professionals alike.”
The space will house 20 work benches initially, with plan to add 12 more in the near future.
Centrepunch will offer a range of programmes from entry level through to advanced, as well as drop-in mentoring sessions with well-known jewellers, practitioners and tutors to help assist graduates and new businesses. Advice sessions will also be given on topics such as how to run a successful studio-practice, how to work with clients and marketing strategies.
Brooks says the jewellery hub has already received a volume of enquiries via social media and has so far built a mailing list exceeding 300 names.
Brooks will act as a tutor alongside three other crafts persons: fine jeweller and stone setter Antonion De Geatani, master polisher Stephen Goldsmith and illustrator Mark Lewis.
Tajudeen “Squilla” Durosinimi-Etti, of Cambria Avenue, was accused of burgling a house in Shipwrights Avenue, Chatham, with others on February 1, as well as kidnapping Sandip Madan on the same date.
The 28-year-old was due to stand trial at Maidstone Crown Court on August 5, but the Crown Prosecution Service said there was not a realistic likelihood of conviction and offered no evidence to both charges.
Prosecutor Martin Yale told the court the only evidence of identification came from the alleged victim, but he had provided two “very different” statements to police during the course of the investigation.
Mr Yale said he later admitted lying in his first statement because he feared reprisals to both him and his family.
The prosecutor added that accounts given by others also “directly undermine” the most recent statement given by the complainant.
Formal not guilty verdicts were entered by Judge Charles Macdonald QC and Durosinimi-Etti, who has been in custody on remand, was expected to be released from the court cells.