JB Insights
GGJS 2024 ends on a high note
Show featured 350+exhibitors across 800 stalls; 15000+ visitors attended the show
The 14th edition of GUJARAT GOLD JEWELLERY SHOW (GGJS 2024) ended sus ccessfully, once again confirming its position as a premium GJ trade show. GGJS 2024 featured 350+exhibitors across 800 stalls; 15000+ visitors attended the show.GGJS 2024 was inaugurated by Guest of Honour Dr Chetan Kumar Mehta, President – Jewellery Division – IBJA, President – JAB at the Helipad Exhibition Centre, Gandhinagar along with Hitesh Soni, President – GOWJA, Akshay Mehta, Vice President – GOWJA, Paresh Zarmarwala, Director – GGJS, Jignesh Patadia, Director – GGJS, Surendra Mehta, National Secretary -IBJA and dignitaries from the GJ industry.
Guest of Honour Dr Chetan Kumar Mehta, President – Jewellery Division – IBJA, President – JAB speaking at the GGJS 2024 Inauguration said, “GGJS is one of the premium jewellery shows.It is much awaited by the trade and industry. GGJS is a silent and vibrant show, that has created a great impact for the last 14 years. I applaud GGJS and GOWJA for the dedication in making this show a success.”
Paresh Jhurmarvala, Director – GGJS,speaking at the GGJS 2024 Inauguration said “ The positive impact of GGJS can be gauged by how exhibitors who started with single stall are now exhibiting across multiple stalls Also, they have seen their business grow manifold.Initially GGJS saw small retailers visiting the show.Today all major corporate retail chains are at GGJS.The show has grown from a Gujarat market show to a truly national jewellery show.”
GGJS 2024 featured a wide array of segments including antique jewellery, plain gold jewellery, diamond jewellery,CZ casting jewellery, silver jewellery.The show also featured a machinery and allied section.GGJS saw brisk business across segments especially Kundan, bridal gold and lightweight.GGJS 2024 saw a healthy trade visitor turnout. Besides visitors from all over Gujarat and neighbouring states of Maharashtra, MP and Rajasthan, retailers from South India and Delhi were in attendance.Some exhibitors were of the opinion that there should have been more footfalls from Mumbai, Delhi and Rajasthan markets.
The added value at GGJS was provided by power packed panel discussions featuring the new generation of jewellers. New Generation joining the Jewellery Business and State of the Gold Jewellery Industry provided deep insights and learnings . The other highlight was Coffee with Dr Chetan Kumar Mehta in conversation with an icon, Ba Ramesh – Joint Managing Director of Thangamayil Jewellery.
GGJS is a pivotal event for the jewellery industry, especially in Gujarat, known for its rich heritage and craftsmanship. Its importance is multifaceted, benefiting artisans, businesses, and the industry at large. While GGJS features manufacturers from various regions, it underscores Gujarat’s unique contribution to the world of jewellery.
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Coffee with Dr Chetan Kumar Mehta in conversation with Ba. Ramesh
Dr Chetan Kumar Mehta, CMD Laxmi Diamonds Bengaluru delved deep into the heart and mind of Ba Ramesh, Jt MD- Thangamayil Jewellery.And what we got was pure gold- the wisdom of Ba Ramesh who has seen the rollercoaster ride of life was a great learning, and an inspiration to all
Some of the gems that Ba Ramesh shared:
· A laser focus on work and business. Every breath and every heartbeat is directed towards work.
· Business is enjoyment – it is not work, it is not a task.It is a way of life.
· Develop the inner strength to handle bad times and let not fate defeat you.From 1980 to 1990, I moved from a lakhpati to crorepati to having net value of zero.And then established Thangamayil Jewellery, which will see a turnover of nearly Rs 4800 cr this year.
· Study the jewellery industry and understand its
· finer points, invest in technology, R&D, human resources, build your teams.These investments are critical for one’s growth.
· Look beyond just profit. Understand the concept of valuation.Work towards taking one’s company public and become a wealth creator.
· Do business ethically, respecting the laws of the country.Beyond business, be of service to humanity.
JB Insights
Sovereign Bond Yields and The Strategic Pivot To Gold
When Government Bond Yields Rise Alongside A High Debt-To-GDP Ratio, Debt Servicing Costs Consume A Larger Share Of The Country’s Revenue. This Forces Central Banks To Adjust Their Reserve Assets Toward Zero-Risk Alternatives Like Gold.
Global finance is currently facing a big problem: government borrowing costs are rising sharply around the world, making it much harder for countries to manage their debt.
Here is what is happening and why it matters:
1. Rising Borrowing Costs: G7 vs. India
Between February and September 2026, government bond yields (the interest rate governments pay to borrow money) rose across major economies. However, some countries handled it better than others:
- G7 Nations (Rich Economies): The average 10-year yield surged by over 1.1 percentage points as investors demanded higher interest to hold government debt.
- India: India’s 10-year government bond yield rose by only 0.4 percentage points over the same period, showing much better stability due to strong domestic demand and steady central bank policy.
2. Historic Debt Levels
Global public debt is projected to pass 100% of global GDP by 2030. The world has not seen public debt this high since the end of World War II in 1945.
- Higher Interest Expenses: Countries must now spend a larger portion of their tax revenue just to pay interest on past loans, leaving less money for public services, infrastructure, and business investments.
- Refinancing Risk: Millions of dollars in old, low-interest bonds are maturing. Governments are forced to replace them with new bonds at much higher interest rates.
3. Why Central Banks Are Buying Gold
Because of these debt risks, foreign central banks are changing how they hold their emergency reserve funds:
- US Treasuries Are Losing Appeal: Big government deficits mean the US is issuing massive amounts of new bonds. This oversupply, combined with high inflation and market swings, makes US debt feel less safe to foreign investors.
- The Pivot to Gold: Central banks are diversifying away from US dollars and buying record amounts of physical gold (over 1,000 metric tons per year). Gold carries zero default risk, cannot be frozen by foreign governments, and holds its value during fiscal crises.
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