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
Senco Gold Targets ₹10,000 Crore Turnover in FY27, Eyes ₹20,000 Crore by 2031
Jeweller To Drive Growth Through Lightweight Jewellery, Old-Gold Exchange, Franchise Expansion and Digital Outreach To Younger Consumers
Senco Gold & Diamonds is targeting a turnover of Rs 10,000 crore in FY27, representing around 25% growth over the Rs 8,430 crore revenue recorded in FY26. Over the next five years, the company aims to nearly double its business and reach Rs 20,000 crore in revenue by 2031.
Speaking at the company’s Annual General Meeting, Suvankar Sen, MD & CEO, Senco Gold, said the company delivered 33% year-on-year revenue growth in FY26 and recorded a net profit of Rs 574 crore, supported by the sharp rise in gold prices.
For FY27, Senco is targeting a net profit margin of around 4.5%, translating to approximately Rs 450 crore in net profit.
A key growth driver has been the rising popularity of old-gold exchange, as elevated gold prices encourage consumers to trade in existing jewellery while purchasing new pieces. Old-gold exchanges contributed around 44% of Senco’s total sales in FY26, highlighting the growing importance of the exchange-led business model.
Franchise-led expansion
Senco currently operates a network of 201 stores, comprising 102 company-owned and 85 franchise-operated outlets, alongside its exports, e-commerce and corporate businesses.
Around 60% of FY26 revenue came from company-owned stores, while franchise outlets contributed 33%.
Going forward, the company plans to accelerate its franchise expansion, with 25 additional franchise stores planned. Senco aims to build a network of approximately 300 stores by 2031, while using the franchise model to maintain tighter control over inventory.
Lightweight jewellery and Gen Z focus
The company is also strengthening its focus on lightweight jewellery and digital marketing to connect with younger consumers, particularly in Tier-2 and Tier-3 cities.
According to Sen, 9-carat and 14-carat gold collections have helped Senco attract younger customers seeking more accessible and contemporary jewellery options.
With lightweight designs, lower-carat offerings, digital-first marketing and an expanding franchise network, Senco is positioning these segments as key pillars of its long-term growth strategy.
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