The company announced the change alongside its Q1 results, which showed that the jewelry brand’s year is off to a shaky start.
GJEPC honors India’s best in Mumbai
The Gem & Jewellery Export Promotion Council held its annual India Gem & Jewellery Awards in late January, recognizing Indian jewelry companies for excellence.

Mumbai--The Gem & Jewellery Export Promotion Council held its annual India Gem & Jewellery Awards in late January, recognizing Indian jewelry companies for excellence in manufacturing, finance and innovation.
The IGJA was the organization’s first event of 2015, and it recognized companies across a broad range of categories.
Among the evening’s big winners were Kiran Gems Private Ltd., which took home first place in the category of Cut & Polished Diamonds-Highest Turnover, as well as first place for Cut & Polished Diamonds-Large. Kiran Exports (Hong Kong) Ltd. came in second in the category of Importer of the Year.
Shree Ramkrishna Exports Pvt. Ltd., meanwhile, won second place in Cut & Polished Diamonds-Highest Turnover, was named Exporter of the Year and tied with Laxmi Diamond Pvt. Ltd. For Most Socially Responsible Company.
Hari Krishna Exports Pvt. Ltd. took home a total of four awards: third place for highest turnover of cut and polished diamonds, Best Growing Company of the Year and, for H.K Designs, Most Innovative Company and first place in the category of Precious Metal Jewellery-Studded (Medium.)
Other honors of the evening included:
--Vijay Kapoor from Kays Jewels Pvt. Ltd. was named Woman Entrepreneur of the Year;
--De Beers Executive Vice President Paul Rowley won the Best Supporter of the Industry award; and
--Shri Navinbhai Mehta, the director of D. Navinchandra Exports Pvt. Ltd. took home the lifetime achievement award.
The members of the jury who judged and selected the 2015 IGJA award winners were Smt. Nirupa Bhatt, the managing director of the GIA in India and the Middle East; M. Narendra of Indian Overseas Bank; and Pawan Bindal, a director at Dun & Bradstreet.
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