National News
9th edition of The Artisan Awards opens on a strong creative note
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.
National News
MCX Gold, Silver Move North On June US Employment Report
MCX Gold Futures Reclaimed the ₹1.48 lakh Mark
MCX Gold Futures reclaimed the Rs 1.48 lakh mark, hitting an intraday high of Rs 1,48,046 per 10 grams before stabilizing around Rs 1,47,845 (up 1.43%). Spot Gold (Global) surged by 1.5% to trade at $4,185 per ounce, rapidly closing in on the $4,200 level.
MCX Silver Futures zoomed up by Rs 4,457 or 1.91% to trade near Rs 2,37,761 per kg, after touching an intraday high of Rs 2,38,216 per kg. Spot Silver (Global) climbed more than 2.3% to trade comfortably above $62 per ounce.
The primary catalyst behind the bullish reversal was the June US employment report, which indicated a cooling US economy.
Nonfarm Payrolls: The US added just 57,000 jobs in June—the lowest hiring momentum in four months—well below the market expectation of 110,000 jobs.
Unemployment Rate: The rate edged down from 4.3% to 4.2%. However, economists noted that the decline was largely due to a weaker labour force participation rate, which fell to 61.5%, rather than stronger hiring activity.
Sectoral Shifts: Professional and business services (+36,000) and healthcare (+22,000) led job gains, while the leisure and hospitality sector recorded a sharp decline of 61,000 jobs.
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