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
MCX Gold Prices Decline On Strengthening Dollar
The Dip Comes As Investors Weigh A Complex Geopolitical Backdrop Against The Federal Reserve’s “Higher-For-Longer” Interest Rate Stance
Gold prices retreated on Monday as a strengthening dollar and persistent inflation anxieties outweighed the cautious optimism surrounding a new diplomatic overture from Tehran. Futures for the precious metal on the Multi-Commodity Exchange (MCX) slipped 0.15% to 1,51,119 rupees per 10 grams in morning trade, while silver followed suit, declining 0.08%. The dip comes as investors weigh a complex geopolitical backdrop against the Federal Reserve’s “higher-for-longer” interest rate stance, which continues to bolster the greenback.
The primary catalyst for market volatility remains the dual blockade in the Persian Gulf. While crude oil prices eased slightly on Monday, they remained supported above the $100-per-barrel mark.
The slight cooling in energy markets followed a series of posts from President Donald Trump, who announced that the U.S. Navy would begin “Project Freedom”—a humanitarian operation to escort nearly 900 commercial vessels currently stranded in the Strait of Hormuz.
For gold investors, the tug-of-war between safe-haven demand and a hawkish dollar is reaching a fever pitch. While the conflict in the Middle East provides a floor for bullion prices, the inflationary pressure of $100-plus oil is keeping the U.S. Federal Reserve on the offensive.
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