JNA Awards Highlights Honourees’ Game-changing, Innovative Tech Adoption

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The JNA Awards said the 2020 edition called attention to enterprises powering innovative solutions that help create a more sustainable, greener and resilient jewellery industry. Showcasing the jewellery community’s diversity, and wide range and depth of expertise, the JNA Awards celebrated companies that are steadily and quietly changing the industry – and the world – for the better, it stated.

Recognised as an industry pillar, De Beers Group takes the lead through its promise of “Building Forever” – a commitment focused on four key areas: Protecting the natural world, standing with women and girls, partnering with thriving communities and leading ethical business practices. The Recipient of 2020’s “Sustainability Initiative of the Year” Award, De Beers teamed up with internationally renowned scientists for the CarbonVault project, a pioneering research programme that aims to capture and store carbon in kimberlite tailings to help combat global warming.

When KGK Diajewels Private Limited, a KGK Group company and Recipient of the “Innovation of the Year – Technology” Award, saw a decline in its diamond production margins, it developed a set of machines that is both cost- and eco-efficient to remedy the situation. One of the machines compresses what used to be 13 different steps to six. The new equipment has since contributed to a 1-1.5% increase in revenues, helped minimise raw material wastage, and lowered production costs by 10%.

One of Southeast Asia’s top jewellery manufacturers and retailers, Phu Nhuan Jewelry Joint Stock Company (PNJ) of Vietnam took home the “Outstanding Enterprise of the Year – APAC” prize for reducing its ecological footprint, resulting in a drop in the volume of wastewater and solid wastes, noise and other pollutants generated.

Emerald Jewel Industry India Limited (Emerald), the Recipient of the “Manufacturer of the Year” Award, uses advanced systems to improve its internal processes and embraces measures that minimise its environmental footprint. These initiatives are expected to recycle almost 3.2 million litres of sewage water and save 219,120 litres of water in the process, while recording savings of up to 80% on operational costs of this aspect.

The Recipient of the “Manufacturer of the Year”, Shenzhen Xingguangda Jewelry Industrial Co Ltd. of China, invests in online solutions to improve productivity, from its manufacturing facilities to its warehouses.

Picup Media of Hong Kong inspired its team to “challenge the norm and do the impossible.” The company changed the game for jewellery photography in 2017 when it unveiled the well-received GemLightbox, a photography solution that allows any jeweller and gemstone dealer with a smartphone to capture “studio-quality” product images. What’s more, it saves users potentially hundreds to thousands of dollars in commissioned photo shoots.

When Laxmi Diamonds of Bengaluru, India tapped the previously unexplored market for lightweight, closed-set 22-karat gold and diamond jewellery, the company also integrated CAD/CAM casting technology into its design and manufacturing process. The shift from handmade to CAD/CAM has shortened the production time for 1,500 pieces of jewellery from one month to 12 days.

Established by Informa Markets Jewellery in 2012, the JNA Awards honours companies and individuals that uphold best business practices, innovation and excellence regardless of the scale of their business operation, area of specialisation and geographical location.

1. Emerald Jewel Industry India Ltd.

2. KGK Diajewels Pvt. Ltd.

3. Picup Media

4. Shenzhen Xingguangda Jewelry Industrial Co. Ltd.

5. Laxmi Diamonds

6. De Beers Group

7. Phu Nhuan Jewelry Joint Stock Company (PNJ)

News Source : gjepc

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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