National News
GJEPC and Trade Opportunities seminar: fostering knowledge-sharing, collaboration, and global competitiveness
GJEPC successfully organized an insightful seminar titled “GJEPC and Trade Opportunities” for the gem and jewellery community of Zaveri Bazaar on April 11, 2025. The event was aimed at raising awareness about the Council’s various initiatives and support systems designed to boost the growth and global reach of the Indian gem and jewellery industry. The seminar drew a strong turnout, with more than 200 industry professionals in attendance, including exporters, traders, wholesalers, young entrepreneurs, and members of prominent trade bodies.
The seminar began with a welcome address by Khusboo Ranawat , Regional Chairperson , Western Region and GJEPC Regional Representative, who highlighted the Council’s ongoing efforts to empower MSMEs and exporters by providing market intelligence, financial assistance, and opportunities for international exposure. The speaker emphasized the importance of capacity building and collaboration within the sector to drive sustainable growth.
This was followed by a detailed presentation by GJEPC officials, which covered the Council’s various export facilitation services, upcoming international trade fairs and buyer-seller meets, financial support schemes, and strategic trade advantages available under agreements such as the India-UAE CEPA. The session was tailored to equip participants with practical knowledge to help them tap into global markets more effectively.
A panel discussion featuring seasoned exporters and trade consultants provided valuable insights into navigating international markets. Panelists discussed strategies for expanding into new regions, overcoming the challenges faced by small businesses, and embracing digital tools and branding to stay competitive in the evolving landscape of the jewellery trade.
The event also included an interactive Q&A session, where participants actively engaged with the speakers on topics like export registration, compliance processes, product certifications, and government funding schemes. The open dialogue fostered a spirit of learning and encouraged first-time exporters to explore new possibilities with greater confidence.
In a special felicitation ceremony, GJEPC honored three key trade bodies for their unwavering support and contribution to the growth of the industry. Mumbai Wholesale Gold Association, Jewellers Youth Forum, and Zaveri Bazaar Welfare Association were felicitated along with their respective teams for their role in strengthening the ecosystem and promoting unity among the trade community.
The seminar was extremely well-received by all attendees, who appreciated the depth of information shared and the opportunity to network with peers and industry experts. The event reinforced GJEPC’s commitment to serving as a guiding force for the Indian gem and jewellery sector by fostering knowledge-sharing, collaboration, and global competitiveness.
National News
Precious Metals Soar, Oil Plunges On US-Iran Peace Deal
Global Concerns Regarding The Energy Crisis, Inflationary Pressures, and Aggressive Rate Hike Trajectories Have Significantly Eased.
A confirmed peace agreement between the US and Iran has triggered massive waves across global markets, easing energy crisis fears and altering the global economic outlook ahead of major central bank meetings. Driven by strong global bullish sentiment, gold and silver hit massive milestones on the MCX and spot markets: MCX Gold: Up 2% (~Rs 2,300), nearing the Rs 1.54 lakh mark. MCX Silver: Outperforming with a 3% upside (~Rs 6,000), crossing Rs 2.53 lakh. US Spot Gold: Surged over 2.5% to trade above $4,300/oz. Spot Silver: Zoomed over 4% to trade above $70.5/oz.
Oil prices nosedived following President Trump’s announcement that a US blockade on Iranian ports would be lifted, allowing Persian Gulf shipments to resume soon.
- Brent Crude: Dropped 5% to $83/bbl as the Strait of Hormuz prepares to reopen.
- US WTI Crude: Slipped 6% to trade around $80/bbl.
- MCX Crude: Crashed by 5.5%.
- The Accord: The formal treaty to end the conflict (active since late February) is scheduled to be signed in Switzerland on June 19. It includes blockades being lifted, sanctions relief for Iran, and the dismantling of Tehran’s nuclear program.
- Macro Relief: Global concerns regarding the energy crisis, inflationary pressures, and aggressive rate hike trajectories have significantly eased.
- Central Bank Watch:
- US Fed: Holding its first policy meeting under new chair Kevin Warsh this week; rates are widely expected to remain unchanged.
- Bank of Japan: Expected to buck the trend and raise rates to support the Yen.
- Reserve Bank of Australia: Expected to hold policy steady.
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