JB Insights
GJC successfully concludes the 7th edition of the Indian Gem and Jewellery Show (GJS April) 2025
The All India Gem and Jewellery Domestic Council (GJC) proudly concluded the 7th edition of its flagship event, the India Gem and Jewellery Show (GJS), held from 4th to 7th April, 2025 at the prestigious Jio World Convention Centre, Mumbai. Branded as #HamaraApnaShow, GJS April 2025 which brought together industry leaders, renowned jewellers, and stakeholders from across the globe to celebrate and showcase the best of India’s gems and jewellery sector.
The grand opening ceremony of GJS April 2025 event was inaugurated by Pankaj Bhoyar, Hon’ble Union Minister of Consumer Affairs, Food & Public Distribution, and Minister of New and Renewable Energy, as the Chief Guest. His presence marked the greater significance of the gems and jewellery industry in the region which contributes significantly to the state economy.
Several distinguished guests and dignitaries were present on the occasion, including Guests of Honour Varghese Alukkas, Managing Director, Jos Alukkas Group; Paul Alukkas, Managing Director, Jos Alukkas Group; and Mallika Manoj Grandhi, Chairperson and Managing Director, Manoj Vaibhav Gems ‘N’ Jewellers Ltd, among others. Special Guests included Aksha Mohit Kamboj, National Vice President, IBJA, and Rajiv Jain, Secretary, JJS. GJC officials present on the occasion were Rajesh Rokde, Chairman, GJC; Avinash Gupta, Vice Chairman, GJC; and Saiyam Mehra, Convener, GJS.
The GJS April 2025 show was timed strategically to support jewellery demand ahead of Akshaya Tritiya and following Gudi Padwa, coinciding with the wedding season. The show hosted over 600 exhibitors across 700+ booths, attracted 15,000 visitors, and accommodated more than 2,500 room-nights for hosted buyers. Retailers benefitted from a streamlined process to procure jewellery from a wide range of manufacturers and wholesalers, all under one roof.
Pralhad Joshi, Hon’ble Union Minister of Consumer Affairs, Food & Public Distribution, and Minister of New and Renewable Energy, announced the launch of the National Hackathon — a joint initiative by the Bureau of Indian Standards (BIS) and the All India Gem and Jewellery Domestic Council (GJC). The National Hackathon aims to create a dynamic platform that invites bright, young minds to develop scalable, cost-effective technological solutions for the jewellery industry.
As part of GJS 2025, the Mindspeak Sessions brought together industry leaders, innovators, and policy influencers for a series of high-impact discussions. From navigating global trends to leveraging new-age technologies, these sessions offered game-changing insights that are shaping the future of the jewellery business
In a proud moment for the industry, Bhima Jewellers marked its 100-year milestone with the launch of a commemorative book chronicling its remarkable journey. The publication celebrates a century of craftsmanship, trust, and excellence, and stands as a testament to the legacy of one of India’s most iconic jewellery brands.
Capping off the festivities, the much-awaited GJC Nite provided a glamorous platform for industry stakeholders to unwind, connect, and celebrate their shared passion for excellence. From strategic networking to entertainment and camaraderie, GJC Nite truly reflected the vibrant spirit of the Indian gem and jewellery industry.
Rajesh Rokde, Chairman, GJC, stated, “GJS has once again demonstrated the immense potential of India’s gems and jewellery sector on the regional stage. With every edition, we aim to strengthen the industry’s growth trajectory by fostering innovation, trade collaborations, and skill development. We are delighted with the overwhelming response to GJS 2025 and are committed to making the next edition even more impactful.”
Avinash Gupta, Vice Chairman, GJC, remarked, “As India continues to be a leader in the global gems and jewellery market, GJS serves as a vital catalyst for innovation, sustainability, and business excellence. GJC looks forward to welcoming participants to the 8th edition of GJS, promising an even grander showcase of India’s rich heritage and modern advancements.”
Saiyam Mehra, Convenor, GJS, said “The GJS April 2025 Show offers an excellent platform for jewellery manufacturers, traders, wholesalers, retailers, artisans, and others in the value chain to connect with emerging talents and creative minds. The GJS April 2025 Show, the 7th edition of #HamaraApnaShow, will be a premier platform for sourcing new designs and trends, catering to jewellers of all sizes. Highlights include a state-of-the-art showcase of innovative jewellery, the Gala Evening GJC Nite featuring a fashion show with top creations and celebrities, and a Mind Speak seminar.”
GJC is organising the next edition of GJS (Diwali) edition from 16th – 19th September, 2025.
JB Insights
Gold Loans Fuel MSME Expansion
Industry Seminar Focuses On E-Commerce Growth, Logistics Solutions and Global Shipping Opportunities For The Gem and Jewellery Sector
Across India, gold loans are rapidly shifting from purely personal-finance products into a go-to source of working capital and business-expansion funding for MSMEs, with non-bank lenders such as Muthoot Finance playing a central role in this transition. Record-high gold prices and easier documentation, combined with short-term tenures and relatively quick disbursal, are making gold-loan collateral attractive for small manufacturers, traders, and services-sector entrepreneurs who struggle to access traditional bank credit.
Gold loans have become a key contributor to India’s consumption-loan growth, with originations surging amid slowing personal-loan and credit-card growth and elevated gold prices improving collateral coverage.
Rating agencies and brokers note that high gold prices not only allow larger loans against the same jewellery but also help maintain asset quality, as borrowers are more incentivised to repay rather than forfeit precious metal.
Why MSMEs are turning to gold loans
- Many MSME borrowers use family-held gold as collateral to finance working-capital gaps, inventory purchases, machinery upgrades, or local-market expansion, especially where cash-flow cycles are irregular or credit history is thin.
- Gold loans typically offer lower interest and faster processing than unsecured personal loans or credit cards, and the presence of a tangible asset (gold) makes lenders more comfortable with shorter-tenor, higher-ticket loans.
Role of organised lenders like Muthoot Finance
- Muthoot Finance and other large NBFCs explicitly position gold loans as flexible, short-term credit for “business-related” needs, including trade, small-scale manufacturing, and micro-retail, and have reported that a significant share of new disbursements go to self-employed professionals and small business-owners.
- Digital-first interfaces, branch-network expansion into semi-urban and Tier-2/3 towns, and features such as missed-call status checks and mobile-based payment reminders help MSME-type borrowers manage repayments without frequent visits to branches.
Regulatory and risk-management angle
- Regulators and rating agencies note that channeling gold-loan funds toward productive MSME activity can improve asset quality, as business cash flows often support repayment better than purely consumption-driven loans.
- At the same time, tighter supervision on re-pledging and stricter documentation—from April 2026 onward—are pushing MSME borrowers toward organised players, reducing reliance on informal pawn-shop-style lending and improving transparency in SME-oriented gold-loan portfolios.
Market-level impact
- With the organised gold-loan market expected to breach ₹15 lakh crore by March 2026, MSME-oriented lending is emerging as one of the key growth segments, particularly for NBFCs that combine branch-level trust with digital ease.
- This trend is encouraging gold-loan houses to design quasi-MSME packages—such as higher ticket-sizes, flexible moratoriums around festival seasons, and payment-tracking tools—while keeping the underlying product clearly tagged as a secured gold-loan.
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