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9th edition of The Artisan Awards opens on a strong creative note

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The 9th edition of The Artisan Awards, organised by the Gem & Jewellery Export Promotion Council (GJEPC), opened on a strong creative note as the Technical Round of judging concluded under this year’s thought-provoking subject, “Quantum-Couture – Re-Engineering Beauty”. The theme has been curated by Paola de Luca, the Futurist known for her future-forward design perspectives.

With over 550 entries received across three categories from India and overseas, the participation highlighted not just scale but a deep engagement with the brief — to reinterpret heritage through a contemporary couture lens.

Quantum-Couture envisions an aesthetic where heritage, symbolism and legacy craftsmanship metamorphose into a fresh design language.

The overarching concept was categorised into three distinct sub-themes:

  • Embroidery – Translating haute couture textile artistry into jewellery, this direction focused on lacy cut-outs, airy filigree work, woven metal effects and layered pearl compositions.
  • Micro-Painting – Centred on fine detailing, this category showcased micro-mosaics, refined pavé settings, miniature enamel work, engravings and hidden narratives.
  • Poetic Layers – Rooted in botanical forms and talismanic motifs, this sub-theme explored sculptural florals, bejewelled fauna, contrasting textures and coloured metals. The designs conveyed depth, symbolism and layered drama.

The technical round entries were evaluated by an accomplished jury panel comprising Vikram Singh, Design Director at Walking Tree (Unsaid & Her Story); Devinder Layal, Jewellery Artist and Educationist; and Sushama Kalzunkar Sawant, PD & Merchandising Head, KP Sanghvi.

Entries were assessed on originality, interpretation of theme, and technical finesse. The sheer volume of over 550 submissions made the technical round highly competitive.After extensive deliberation, the jury selected over 60 sketches.

These will now advance to the next stage, where another distinguished jury comprising national and international experts will further narrow the selection to 30 finalists. The chosen designs will then be brought to life through manufacturing for the final round.

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National News

Gold and Silver Decline On a Strong Dollar

Navigating Volatility Between Oil Costs and Currency Strength

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The Indian bullion market took a breather this Thursday as a combination of a stronger dollar and geopolitical shifts triggered a wave of profit-taking. After reaching record heights earlier in the week, both gold and silver saw a significant pullback on the MCX. The domestic futures gold price on MCX traded 2.54 percent lower to Rs 1,49,800 per 10 grams of 24-carat purity, from the previous close. Silver edged 6 percent down to Rs 2,28,891 per kilogram. Bullion has fallen as investors rush to book profits from recent highs.

The rally lost steam as several macroeconomic factors converged to weigh down the metals:

  • Profit Booking: After gold surged to a staggering Rs 1,54,500 per 10 grams yesterday, investors were quick to lock in gains, leading to a sharp intraday correction. Currency Pressure: A firmer U.S. Dollar made dollar-priced commodities more expensive for holders of other currencies, dampening demand. Geopolitical Cool-down: Signs of de-escalation in West Asia have slightly reduced the “safe-haven” premium that usually keeps bullion prices inflated. Energy & Economy: While tightening energy supplies and rising oil prices often act as a floor for metal prices, they weren’t enough to offset today’s broad sell-off.

Outlook

Despite the current correction, the underlying market remains sensitive. While easing tensions in West Asia provides some relief, the interplay between rising oil costs and a strong dollar will continue to dictate the short-term volatility for precious metals. For now, the “rush to the exits” is the primary driver as the market stabilizes from its recent peaks.

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