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A Milestone achieved By GJEPC with the Inauguration of the Hand Carriage facilitation centre at Mumbai Airport!

The Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with Mumbai Customs, formally inaugurated the Jewellery Hand Carriage Facilitation Centre at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Terminal 2.

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The state-of-the-art centre is now fully operational and offers round-the-clock export facilitation for hand-carried consignments, marking a significant milestone for the Indian gem and jewellery industry.

The inauguration ceremony was graced by several senior dignitaries and key stakeholders. Surjit Bhujbal, Member (Customs), CBIC, led the official opening in the esteemed presence of Prachi Saroop, Principal Chief Commissioner of Customs (Mumbai Zone), Alok Jha, Principal Commissioner, Dnyaneshwar Patil, Development Commissioner, SEEPZ, and several senior customs officials.

From the trade side, the GJEPC leadership team participated in full strength, including Kirit Bhansali, Chairman, Shaunak Parikh, Vice Chairman, Khushboo Ranawat, Regional Chairman (West), Ajesh Mehta, Convener, Diamond Panel, Sabyasachi Ray, Executive Director, Mehul Shah, Vice President, Bharat Diamond Bourse (BDB), and other prominent industry representatives.

The newly inaugurated centre is expected to greatly enhance the ease of doing business for exporters by simplifying and expediting the process of hand-carrying jewellery for international trade, exhibitions, and client meetings. Operating 24×7, it provides seamless customs clearance support and infrastructure for exporters, significantly reducing turnaround time and enhancing compliance through a dedicated facility.

The Hand Carriage Facilitation Centre is strategically located at Terminal 2 of Mumbai’s international airport—a key hub for international trade and travel—and is poised to handle significant volumes of high-value consignments with efficiency, security, and professionalism.

This development aligns with GJEPC’s ongoing efforts to create robust export infrastructure, reduce procedural barriers, and support India’s growth as a global hub for gems and jewellery.

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National News

Gold & Precious Metals – A future outlook

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The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary-  IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.

Some salient points made by the panelists:

  • Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
  • Till the banking system doesn’t collapse, gold price will continue to rise
  • Jewellers were advised to use a mix of futures and options for risk mitigation
  • Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
  • Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.

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