National News
Gem & Jewellery BSM 2025 :Fruitful partnerships and meaningful dialogue
GJEPCs Gem & Jewellery Buyer-Seller Meet 2025 commenced with an air of optimism and global camaraderie, setting the stage for fruitful partnerships and meaningful dialogue between Indian manufacturers and international buyers.
The event was inaugurated with a grand unveiling, paving the way for over 40 international buyers to engage in curated one-on-one business meetings with Indian jewellery manufacturers and exporters. The venue buzzed with activity as new connections were forged and long-standing business relationships were rekindled.
Among the notable international buyers. Lisi Fracchia from Spain, visiting India for the first time, expressed her delight at the overwhelming business prospects. Her experience at the BSM not only introduced her to new business avenues but also gave her the opportunity to reconnect with existing suppliers participating in the show.
Cloyette Harris Stoute, representing Alliyette, USA, is also making her maiden visit to India. Her objective of understanding India’s advanced jewellery manufacturing technology and the comprehensive supply chain process was met with great satisfaction. Deeply impressed by her interactions with exhibitors, she shared her enthusiasm about returning in the future.
On the domestic front, Hitesh Thakar, General Manager at Mohit Diamond Pvt. Ltd, reflected on the invaluable insights gained during his meetings. He noted that conversations with buyers revealed their strategic focus on brand expansion, opening up new opportunities for his company to scale their business and adapt to evolving global demand.
Priyank Shah of Walking Tree, participating as a first-time exhibitor, commended the event’s structured format. The carefully filtered buyer group enabled targeted interactions, resulting in serious inquiries from markets such as the USA, Kazakhstan, Brazil, and beyond—particularly for custom-made jewellery.
The first day concluded on a high note, with an atmosphere rich in collaboration and discovery. The meet not only reflected the strength of India’s jewellery sector but also its growing global appeal.
National News
India does not need gold monetization programme to cushion dollar demand: RBI Governor
Sanjay Malhotra highlighted several structural strengths supporting the economy, including ample foreign exchange reserves, buoyant services exports, robust remittance inflows, favorable trade agreements, and ongoing policy initiatives aimed at reducing energy dependence.
RBI Governor Sanjay Malhotra reaffirmed strong confidence in the resilience of India’s external sector, emphasizing that the country’s macroeconomic fundamentals remain robust despite short-term currency pressures on the rupee.
Addressing queries on whether a gold monetisation programme could be introduced to help cushion dollar demand, he stated that India does not require such a scheme. He highlighted several structural strengths supporting the economy, including ample foreign exchange reserves, buoyant services exports, robust remittance inflows, favorable trade agreements, and ongoing policy initiatives aimed at reducing energy dependence.
He further addressed market speculation regarding the mobilization of idle household gold to ease pressure on the Indian rupee and lower import-driven dollar demand. He emphasized that the central bank has no proposal under consideration for a new scheme
Looking ahead, Governor Sanjay Malhotra expressed optimism about the medium-term outlook for India’s balance of payments. He noted that as geopolitical tensions in West Asia ease and global crude oil prices stabilize downward, India’s external account position is expected to remain firm and well-managed.
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