Joyalukkas, the world’s favourite jeweller, marked a significant milestone in its expansion journey with the grand inauguration of its second showroom in Anantapur on 11th April 2025. The opening celebration was inaugurated by Ms. Palle Sindhura Reddy (MLA-Puttaparthi) in the presence of Mr. Joy Alukkas (CMD, Joyalukkas Group), Mr. Antony Jos (Executive Director, Joyalukkas), Mr. Thomas Mathew (Executive Director, Joyalukkas), Mr. Henry George (COO, Joyalukkas) and our esteemed customers along with other dignitaries.

The new showroom boasts international standard decor, expansive facilities and a commitment to delivering incomparable customer service, in addition to hosting an impressive array of award-winning multi-brand jewellery collections meticulously curated for discerning tastes. Shoppers are taking home an assured free gift with every purchase, adding to the magic of the joyous occasion.

From traditional to contemporary styles, Joyalukkas caters to every occasion and preference. Brands showcased include Anugraha Temple Jewellery, Pride Diamonds, Eleganza Polki Diamonds, Yuva Everyday Jewellery, Apurva Antique Collection and Ratna Precious Stone Jewellery. Furthermore, the latest designs of 2025 in gold and diamonds are also showcased, which are sure to be an irresistible draw to all jewellery enthusiasts.

Joy Alukkas, Chairman and MD of Joyalukkas Group, expressed his thoughts on the new opening “We are delighted to open our latest showroom in Anantapur. This expansion allows us to bring our world-class jewellery and exceptional service closer to our valued customers. Each new showroom is a step towards our vision of ornamenting the world, made possible by the unwavering support of our loyal customers. We warmly invite everyone to visit and experience the joy of jewellery shopping at Joyalukkas.”

The Anantapur showroom is now open to the public, inviting everyone to experience the brilliance and grandeur that Joyalukkas is renowned for. Visit us today and indulge in the finest jewellery selections with the promise of superior service and unmatched quality.

GJEPC’s Delhi Regional Office, in collaboration with Regional DGFT and IIBX, conducted an outreach program in Amritsar on 11th April 2025, to promote GJEPC’s initiatives and the process of duty-free precious metal procurement via the India International Bullion Exchange Ltd. (IIBX). The outreach program was attended by over 70 participants.

 Antarpal Singh Sawhney, Regional Chairman North, GJEPC, urged aspiring exporters to embrace global markets and highlighted the Council’s export training program scheduled for 28-30 April 2025.. Sanjeev Bhatia, Regional Director, emphasised the necessity of global engagement and GJEPC membership, noting the recent notification of Amritsar Customs as a precious metal and jewellery shipment port due to the Council’s efforts.

Ranjit Singh, Head Product Development, IIBX and Mr. Mukesh Sharma, Head Business Development, Northern Region, IIBX, detailed the online procedure for acquiring precious metals through IIBX.

COMEX Gold’s active month contract closed 7% higher at $3254, marking the highest weekly percentage increase since March 27, 2020. Prices are up $270, or 9%, during the last four sessions, and year-to-date they are up $593, or 22.5%.

Last week, the United States substantially boosted duties on Chinese imports, adding a new 125% penalty on top of an existing 20% duty, bringing the total to 145%. This strong approach eclipsed President Donald Trump’s 90-day postponement on heavier tariffs for other countries, raising concerns about broader economic consequences.

Investors seeking safety drove up gold prices, aided by a weakening US Dollar Index, which fell below 100 for the first time in over three years. The US dollar is falling across the board as markets react to China’s new reprisal against US imports. China stated early Friday that it will levy 125% tariffs on US imports starting Saturday, up from 84% previously declared.

The dollar has declined over 7% since Trump’s inauguration and over 2% since his comprehensive trade policy was announced last week, contrary to Wall Street’s expectations. The decrease in the dollar has coincided with sell-offs in US stocks and Treasuries. This could indicate that foreign investors are responding to Trump’s protectionist plans by selling US assets, putting downward pressure on the dollar.

The rationale for increasing gold allocations is stronger than ever in this climate of rising tariff uncertainty, poorer growth, increased inflation, and persisting geopolitical dangers. The evolving global trade, economic, and geopolitical landscape strengthens gold’s position as a safer investment haven.

In this environment of rising tariff uncertainty, poorer growth, greater inflation, and persisting geopolitical threats, the case for increasing gold allocations has never been stronger. The evolving global trade, economic, and geopolitical landscape reinforces gold’s significance as a safer investment refuge.

According to the minutes from the most recent Fed meeting, policymakers are nearly unified in acknowledging the combined problem of increasing inflation and slowing GDP, warning that the Federal Reserve will confront “difficult trade-offs” in the coming months.