National News
10th edition of IIBS puts the spotlight on trends, policies, and innovations in the bullion and jewellery markets
Platform for key stakeholders, including refiners, jewellers, traders, policymakers, and financial institutions to deliberate key issues
The 10th edition of India International Bullion Summit (IIBS-10) organized by India Bullion & Jewellers Association’s (IBJA) was held in Mumbai on 7th & 8th March, 2025. More than 800 bullion dealers and jewellers attended this event.IIBS provided a platform for key stakeholders, including refiners, jewellers, traders, policymakers, and financial institutions to deliberate.
IIBS was formally unveiled by Dr. Hasmukh Adhia – IAS (Retd.) – Chairman, GIFT City in the presence of Guests of Honour Pradeep Ramakrishnan – Executive Director – International Financial Services Centres Authority (IFSCA), Prithviraj Kothari – National President – India Bullion and Jewellers Association Ltd (IBJA), David Tait – Chief Executive Officer – World Gold Council, Shivanshu Mehta – SVP & Head-Bullion, MCX Director, IIBX IFSCÂ LTD, Rajesh Rokade – Chairman – All India Gem and Jewellery Domestic Council (GJC), Samit Guha – Chief Financial and Technology Officer – MMTC – PAMP India Private Limited

Dr. Hasmukh Adhia, IAS (Retd.)- Chairman, GIFT City said, “Don’t be complacent about the US tariff as the collateral damage will happen to India, but we have to watch out how industrial trade will shape and we hope that the outcome of US tariff will be good on India. I believe the Indian economy is doing well but India needs formalization of gold and we would like to address any concerns of the bullion Industry. I wish IBJA a grand success. Thank you for organizing this knowledgeable summit and inviting me to be a part of it.”
Prithviraj Kothari, National President, IBJA speaking at 10th IIBS said, “Bullion and Jewellery plays a great role in boosting the economy and it will continue to in future. Also, Gold and Silver has been in the limelight for the past five years and will continue further. IBJA has been active to support industry and to help grow the jewellery industry, we make sure that Gold Monetization Scheme is more accessible to SME Jewellers and IBJA is committed to maintain transparency in the Gold and Bullion Industry. I welcome everyone on behalf of IBJA to take advantage of this summit and thank you for the overwhelming response.”

The panel discussion included topics like Silver Industry Growth – Challenges And Opportunity, India’s Golden Ambition For Jewellery Market, Bringing Artisan In Main Stream, Leadership in Retail Jewellery Business, Is FTA & CEPA Distorting Market, Vision 2047 For Gold Industry by World Gold Council, Cyber Fraud in Gems & Jewellery Sector, Generating Funds For Gold Industry, Hedging Tool For Jewellers In Volatile Market, Bullion Hallmarking – A Way Forward, Opportunity at IIBX, Consumer Insights: The Role of Gold Jewellery, Gold Outlook and Regulation Governing Bullion And Jewellery Market was also discussed.
Speakers for the conference included eminent personalities like Sachin Jain – World Gold Council, Sudheesh Nambiath – DMCC, Prof. Sundaravalli Narayanaswami – India Gold Policy Centre (IGPC), Harish Pawani – Bin Sabt Jewellery LLC, Dubai, Dr. Saurabh Gadgil – PNG Jewellers, PR Somasundaram – Industry Alumnus, D. K. Surana – Intensive Fiscal Services Private Limited, Ashok Gautam – India International Bullion Exchange IFSC Ltd (IIBX), Avinash Pahuja,- ORO Precious Metals Pvt. Ltd., Varghese Alukkas -Jos Alukkas, Ba.Ramesh – Thangamayil Jewellery Limited.
The most interesting discussion was in respect of the Regulation Governing Bullion and Jewellery Market looks at the gold industry. Sachin Jain – Regional CEO, India of World Gold Council explained about the Vision 2047 For Gold Industry.Shivanshu Mehta – SVP & Head-Bullion- Multi Commodity Exchange of India Limited (MCX), Director, IIBX IFSC LTD explained Hedging Tool for Jewellers in Volatile Market
Elwin Jose – Head – Product Development, Strategy and Services – National Stock Exchange of India Ltd (NSE) explained the Pathway for Price Risk Management: Integration Bullion Spot & Derivatives Market. Ashok Gautam – MD & CEO- India International Bullion Exchange IFSC Ltd (IIBX) and Ajit Mauskar – Director, Market Infrastructure India and Middle East – World Gold Council explained the opportunity at IIBX. Kavita Chacko – Research Head, India- World Gold Council explained Consumer Insights: The Role of Gold Jewellery. Prithviraj Kothari- National President -India Bullion and Jewellers Association Ltd. Stated that IBJA will continue to work for the benefit of industry bringing transparency to the entire trade.
IBJA has also launched initiatives such as the “IBJA Verified Tag” for Platinum Members to ensure their online accounts represent legitimate and authentic businesses or brands. IBJA is also working on a jewellers awareness campaign in the entire country by educating the jewellers through various webinar and seminar. IBJA will soon be launching an innovative programme to boost the skills of karigars. IBJA is also setting up a world class bullion refinery at Gift City, Gujrat. IBJA is also honouring jewellers for their CSR activity.
The event was also followed by The India Bullion and Jewellers Association (IBJA) awards recognizing excellence in the jewelry and bullion industries.
National News
Nine Days, Nine Colours: Style Your Navratri Looks With CANDERE BY KALYAN JEWELLERS
Each day of Navratri brings a new colour to wear and another reason to dress up. Jewellery can follow the colour of the day or provide a contrast: diamonds lift a bright festive outfit, while coloured gemstones add interest to a simpler one.
Each day of Navratri brings a new colour to wear and another reason to dress up. Jewellery can follow the colour of the day or provide a contrast: diamonds lift a bright festive outfit, while coloured gemstones add interest to a simpler one.
For the nine days of celebration, Candere by Kalyan Jewellers brings together diamond and gemstone jewellery that can be styled in more than one way. A pair of earrings worn for a puja can work just as well for an evening of garba; a ring or bracelet can add a finishing touch without asking you to change the rest of your look. The edit offers ideas for pairing jewellery with each day’s colour while choosing pieces you will reach for long after Navratri. Here’s a curated edit-
Day 1 | Orange
Bring the vibrancy of orange to life with the Dewdrop Delight Diamond and Fancy Gemstone Collar Necklace, featuring colourful gemstones and diamond accents in a statement-making collar silhouette. The matching Dewdrop Delight Diamond and Fancy Gemstone Hoop Earrings carry the same gemstone detailing into an easy-to-wear hoop design, creating a coordinated look that feels festive yet contemporary. Together, the pieces bring colour and sparkle to an orange ensemble while keeping the jewellery look cohesive.
Styling Tip: Pair the set with an orange lehenga, saree or kurta set and keep additional jewellery minimal to let the coordinated necklace and earrings take centre stage.
Day 2 | White
Floral Rush Pearl Diamond Pendant Necklace + Pearl Blossom Essence Diamond Dangle Earrings. For white day, bring together the timeless elegance of pearls and the brilliance of diamonds. The Floral Rush necklace adds a delicate focal point around the neckline, while the Pearl Blossom Essence earrings introduce a graceful drop silhouette. The combination works beautifully for a look that feels festive yet refined.
Styling Tip: Wear the pairing with a white saree, chikankari ensemble or ivory lehenga. Keep the rest of the jewellery understated and let the pearls add softness to the look.
Day 3 | Red
Zona Diamond And Fancy Gemstone Dangle Earrings + Zona Diamond and Fancy Gemstone Collar Necklace. Make a statement in red with the coordinated Zona pairing. The dangle earrings and collar necklace bring together diamonds and colourful gemstones, creating a more expressive look that feels right at home with Navratri dressing. The collar silhouette adds definition around the neckline, while the earrings carry the colour upwards for a balanced finish.
Styling Tip: Style the pair with a classic red saree or lehenga and a clean neckline. Skip a heavy maang tikka or layered necklace so the collar design remains the focal point
Day 4 | Royal Blue
Celestial Peacock Diamond and Gemstone Oval Bracelet + Soft Love Peacock Diamond and Gemstone Dangle Earrings. Royal blue calls for jewellery with an equally regal presence. The Celestial Peacock bracelet combines diamonds and colourful gemstones in an ornate oval silhouette, while the Soft Love Peacock earrings echo the same peacock-inspired detailing. Together, they create a festive pairing that adds colour and character to the look.
Styling Tip: Pair with a royal blue silk saree or lehenga and opt for a sleek bun or pulled-back hairstyle to let the earrings shine.
Day 5 | Yellow
Rosalina Diamond Earrings + Rosalina Diamond Ring. Keep yellow day bright and effortless with the delicate Rosalina pairing. The diamond earrings add a subtle sparkle around the face, while the matching ring brings the same refined touch to the hands. Together, they create an elegant combination that complements the cheerful warmth of yellow without competing with it.
Styling Tip: Pair the duo with a yellow saree, anarkali or contemporary kurta set and add a few slim bangles for a subtle festive finish.
Day 6 | Green
Darshi Diamond And Gemstone Oval Bracelet + Shritika Diamond and Gemstone Pendant Necklace. For green day, bring together floral-inspired detailing and colourful gemstones. The Darshi bracelet adds a delicate touch to the wrist with its floral theme, while the Shritika pendant necklace creates a graceful focal point at the neckline. The combination keeps the look elegant while allowing the colour of the outfit to remain prominent.
Styling Tip: Style the pairing with a deep green saree or lehenga and keep your earrings minimal so the floral and gemstone details remain the focus.
Day 7 | Grey
Anahita Diamond Stud Earrings + Anahita Diamond Ring. Grey brings a more understated mood to the Navratri palette, making it the perfect canvas for diamonds. The Anahita studs offer a clean, refined touch around the face, while the matching ring carries the look through to the hands. Worn together, they create a polished combination that proves festive dressing can be subtle too.
Styling Tip: Pair the set with a silver-grey saree or contemporary grey lehenga and add metallic footwear or a clutch for a modern festive finish.
Day 8 | Purple
Hanshi Diamond And Fancy Gemstone Dangle Earrings + Jasika Diamond and Gemstone Pendant Necklace. Bring a touch of drama to purple day with colourful gemstones and statement silhouettes. The Hanshi dangle earrings add movement and sparkle, while the Jasika pendant necklace creates an elegant focal point around the neckline. Together, they lend a rich, festive finish to the deeper hue of purple.
Styling Tip: Pair the duo with a deep purple saree or lehenga and keep the neckline relatively clean to allow the pendant to stand out.
Day 9 | Peacock Green
Equipoise Diamond and Gemstone Gap Ring + Emeris Diamond Necklace. Close the nine-day celebration with the jewel tones of peacock green. The Equipoise ring brings together diamonds and colourful gemstones in a contemporary open design, while the Emeris diamond necklace adds a refined layer of sparkle around the neckline. The contrast of a modern ring with an elegant necklace makes this pairing feel festive while still being easy to personalise.
Styling Tip: Wear the pair with a peacock green saree or lehenga and add just one or two slim bangles. The mix of colour and diamonds is enough to finish the look.
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