National News
A Gift of Life from the Jewellery Industry: GJEPC’s Mega Blood Donation Drive
It’s believed that the highest form of donation is giving life itself. Blood donation is one such gift —each drop you give has the power to save a life, bring hope to a family, and offer someone a second chance.
With this noble intention, GJEPC humbly reaches out to seek support for a Nationwide Blood Donation Drive on 17th September 2025, uniting the gem and jewellery fraternity in a remarkable demonstration of social commitment.
The chosen date holds exceptional significance on several counts:
Vishwakarma Jayanti: a celebration of the divine architect, paying homage to artisans, engineers, and skilled workers whose craftsmanship shapes the nation’s growth. The spirit of Vishwakarma is deeply interwoven with the soul of the gem and jewellery industry.
Artisan’s Day: dedicated to honouring the creative genius and dedication of millions who uphold and advance India’s illustrious jewellery heritage.
The Birthday of Hon’ble Prime Minister Shri Narendra Modi – whose visionary leadership continues to elevate India’s stature on the global stage.
To commemorate this confluence of tradition, craftsmanship, and visionary leadership, GJEPC will organise a Nationwide Blood Donation Drive across more than 250 jewellery clusters, with the aspiration of mobilising over 100,000 donors.
A Tribute Beyond Measure
This extraordinary initiative is not only about generating life-saving blood donations, but also about raising awareness of this noble act, which has the power to save countless lives.
It’s a collective tribute to our dedicated artisans and esteemed national leadership, while underscoring the gem and jewellery industry’s steadfast commitment to humanitarian service, social responsibility and nation-building. This program aligns perfectly with GJEPC’s mission: “To enable every individual associated with the Indian gems and jewellery industry to achieve their full potential.”
A Call for Collective Participation

Kirit Bhansali, Chairman, GJEPC, stated: “In light of these efforts, GJEPC earnestly solicits your gracious support in facilitating the blood donation drive and making this initiative a grand success. Your invaluable guidance and encouragement will serve as a catalyst, enabling us to uphold the spirit of craftsmanship, enterprise, and collective service that defines our industry.”
Strengthening Industry, Strengthening Nation
GJEPC has been at the forefront of propelling India’s export-led growth. With over 10,700 members across the country, the sector contributes nearly 6% to India’s merchandise exports, while generating livelihoods for nearly 5 million individuals. Beyond economic progress, the Council continues to lead initiatives that support social impact and nation-building.
The Council’s philanthropic initiative, Jewellers For Hope, supports charities dedicated to spreading education and uplifting communities at the margins of society.
Its health-focused programmes — Swasthya Ratna and Swasthya Kosh — ensure access to quality healthcare of choice for all gem and jewellery workers. The Parichay Card, besides granting every unattached worker a formal identity, is envisioned to extend social security benefits in the near future.
The Gem & Jewellery National Relief Foundation (GJNRF) serves as the charitable arm of GJEPC, delivering social intervention and relief to those affected by natural disasters, wars, and terrorist attacks, while also extending support to artisans and other welfare causes.
In line with this spirit, GJEPC has also submitted a proposal to the Ministry of Commerce & Industry to officially designate 17th September as “National Jewellers Day.” This day would be celebrated across the country by the entire gems and jewellery fraternity – a powerful symbol of unity among traders, merchants, and artisans, while honouring the exceptional artistic contributions of millions who shape India’s rich jewellery heritage.
National News
Gold loan NBFC stocks face pressure as gold prices decline
Gold loan NBFC stocks faced pressure as gold prices crashed, with Muthoot Finance and Manappuram Finance dropping 3% and 1.45%. Despite recent declines, both stocks show solid year-to-date gains of around 49% and 50%, respectively. Shares of Muthoot Finance slipped 4.29 percent to Rs 3,134.20 apiece on the NSE. The stock has declined for three straight sessions, losing nearly 6 percent during the period. Manappuram Finance also fell 2.8 percent to Rs 277.90 per share.
Gold prices eased for the third consecutive day as investors booked profits after a recent rally. Globally, the metal edged lower towards the $4,000-an-ounce mark amid concerns that its sharp gains had become overstretched. Weakness in gold prices typically weighs on gold financing companies as the value of collateral declines, impacting loan margins. Short-term challenges include potential slowdowns in loan disbursements and temporary margin pressure.
Gold loan NBFC stocks are facing pressure as gold prices have declined for three consecutive days. Muthoot Finance dropped 4.29% to Rs 3,134.20, losing nearly 6% over three sessions, while Manappuram Finance fell 2.8% to Rs 277.90. This decline comes as investors booked profits after gold’s recent rally toward the $4,000-an-ounce mark, with concerns that prices had become overstretched.
The connection between falling gold prices and these stocks is straightforward. Gold loan NBFCs lend money using gold jewelry as collateral, typically advancing around 75% of the gold’s value. When gold prices fall, the collateral backing their existing loans becomes less valuable, which squeezes their safety margins and creates potential risks. They may need to ask borrowers for additional collateral or close out some positions if the loan-to-value ratios become unfavorable.
Beyond the immediate risk concerns, falling gold prices also hurt the growth prospects of these companies. Lower prices mean they can only disburse smaller loans against the same quantity of gold, which directly impacts their ability to grow their loan books. Additionally, customers become hesitant to pledge their gold when prices are declining, preferring to wait for better valuations. This combination reduces both the size and volume of new loans.
However, the recent decline needs to be viewed in context. Despite the current pressure, both Muthoot Finance and Manappuram Finance are still showing impressive year-to-date gains of around 49-50%. This means the recent weakness represents a modest correction within a much larger uptrend. The stocks have performed exceptionally well throughout the year, and this pullback follows a period of strong gains.
Looking ahead, the key question is whether gold prices will stabilize or continue declining. Short-term challenges include potential slowdowns in loan disbursements and temporary margin pressure. However, gold loan NBFCs have weathered gold price volatility before, and their business model remains fundamentally sound with typically low non-performing assets. India’s deep cultural connection to gold ensures sustained demand for gold-backed financing regardless of short-term price movements. For investors, this situation could represent either a buying opportunity or a warning sign, depending on their view of gold’s longer-term trajectory.
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