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Total revenue for the six months to 30 June 2024 is USD 128.0 million. EBITDA for the six months to 30 June 2024 of USD 49.6 million (an EBITDA margin of 38.8% for the Group). Free cash flow before working capital movements for the six months to 30 June 2024 of USD 3.3 million due primarily to a significant investment programme. The group’s net debt position on 30 June 2024 was USD 44.4 million (before USD 65.5 million of auction receivables, which are now 100% collected.

Informa Markets in India, the country’s leading B2B event organizer, proudly inaugurated the 12th edition of the Delhi Jewellery & Gem Fair (DJGF) at Pragati Maidan in New Delhi. This year’s event, the largest to date, features over 650 exhibitors showcasing an impressive array of traditional and contemporary jewellery designs from 700 innovative brands.

Shri Uday Samant, Hon’ble Minister for Industries, Government of Maharashtra, inaugurated the Indian Institute of Gems & Jewellery (IIGJ), training and skilling centre in Ratnagiri on 24th September in the presence of Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri M. Devender Singh, District Collector, Ratnagiri; Shri Kirthi Kiran Pujar, CEO, Zilla Parishad, Ratnagiri; Shri Sabyasachi Ray, Executive Director, GJEPC; Shri Siddhartha, COO, GJEPC; Shri Debasish Biswas, CEO, IIGJ, amongst others.

The natural diamond market is experiencing a renaissance, characterised by stability and a renewed sense of optimism. After facing significant challenges in recent years, including shifts in consumer preferences and the rise of lab-grown alternatives, the market is poised for growth, reflecting a positive outlook among industry experts and stakeholders.

In an interesting update for education and skill development in Gujarat, the Shree Ramkrishna Knowledge Foundation (SRKKF), the philanthropic arm of renowned natural diamond crafting and exports company Shree Ramkrishna Exports (SRK), has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to establish a pioneering Skill University and Centre of Excellence at Nimlai, Ubhrat, Navsari during the launch of Surat Economic Region Master Plan prepared by NITI Aayog at Surat.

In a momentous celebration of tradition, culture, and expansion, PNG Jewellers, a 192-year-old legacy brand synonymous with trust, purity, commitment, and Maharashtrian tradition, is set to launch nine new stores across Maharashtra this Navratri. Boasting sizes ranging from 2500 to 6500 sq. ft., each store will offer an extensive array of jewellery, comprising rings, earrings, exquisite bracelets, and bridal jewellery in gold, natural diamonds, platinum, and silver, catering to every occasion.

Shree Ramkrishna Exports (SRK), a leading natural diamond crafting and exports company, proudly announces its recognition with the esteemed “Sustainability Leadership Award” for Going Beyond ESG and Driving Sustainable Transformation at the Jewellery World Awards by Jewellery & Gem WORLD Hong Kong 2024. This accolade reflects the dedication and passion of every member of the SRK family, whose collective efforts are pivotal in turning the vision of sustainability into reality.