National News
Gold hovers around Rs 1 lakh/10gm, MCX gold prices breach ₹99,000

Gold prices in the retail market of Delhi surged to a historic high of ₹1 lakh per 10 grams on Tuesday, driven by strong safe-haven and investment demand for the yellow metal. Gold bullion rates in Mumbai reached ₹97,380/10 gm.
On the Multi Commodity Exchange (MCX), gold prices breached the ₹99,000 mark for the first time, mirroring the rally in international bullion prices. Weakened risk appetite among investors further bolstered the demand for gold as a safe-haven asset.
MCX gold rate opened higher at ₹98,753 per 10 grams, compared to the previous close of ₹97,279. Gold prices rallied by ₹1,899 or 1.95% during the session, hitting a new all-time high of ₹99,178 per 10 grams.
In the international market, gold extended its record-breaking rally amid mounting investor concerns following US President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell.

BrandBuzz
A blooming new beginning: 5 jewellery picks to mark new beginnings this Akshaya Tritiya – Mia by Tanishq

Exquisite florals and fresh designs from Mia
As spring unfolds in full bloom, Akshaya Tritiya arrives alongside a host of vibrant regional New Year celebrations—be it Baisakhi in Punjab, Poila Baisakh in Bengal, Vishu in Kerala, or Puthandu in Tamil Nadu, this time of year is steeped in tradition, abundance, and a sense of auspicious new energy. It’s a season of meaningful gestures, joyful moments, and the #JoyOfGifting. Mia’s collection captures the spirit of these celebrations with delicate floral motifs, radiant diamonds, and versatile designs that make every moment feel gift-worthy. Whether you’re marking a cultural milestone, indulging in a little self-love, or making someone’s day brighter, these pieces are your sign to celebrate in style.
Get ready to embark on a sparkling shopping adventure that captures the spirit of Akshaya Tritiya and leaves everyone awestruck with these five extraordinary jewellery pieces. It’s the perfect occasion to indulge in the #JoyofGifting and bloom into a season of possibilities.

Whimsy in Bloom: The Necklace That Speaks Spring -Delicate, hand-sketched floral motifs bloom with joy across this whimsical necklace, evoking the freshness of spring and the auspicious spirit of Akshaya Tritiya. Each flower is thoughtfully brought to life, studded with radiant diamonds at its heart. The design strikes a beautiful balance with its doodle-style florals adding a playful, light-hearted feel, while the sparkle of diamonds lends timeless elegance. A thoughtful gift to mark meaningful moments, from stepping into a new home to celebrating a personal milestone.
Quilt of Petals: The Bracelet That Feels Like a Hug -Inspired by the layered beauty of a floral quilt, this bracelet wraps your wrist in a warm embrace. Delicate blooms with dimensional gold detailing sit along a dainty chain, with tiny beads at their centre lending a touch of nostalgia. It’s a piece that symbolises comfort, continuity, and love—ideal for Akshaya Tritiya, or as a heartfelt gift from mother to daughter during life’s turning points, from weddings to big moves and everything in between


Petals in the Wind: The Earrings That Whisper Elegance– These earrings capture the lightness of spring—each petal delicately shaped to echo flowers caught in a soft breeze. With diamonds placed just right for a hint of sparkle, they bring an air of refined grace to any look. Perfect for those who love understated elegance, these earrings make a beautiful pick for Akshaya Tritiya gifting, symbolising growth and grace as you step into a new job, host a festive dinner, or simply celebrate yourself.
Spring Statement: The Ear Cuffs That Steal the Spotlight-These sculptural ear cuffs bring spring to life in the most dramatic way. Designed to resemble a bed of blooming flowers, they wrap gracefully around the ear without feeling heavy. Intricate, feminine, and bold, they’re the perfect statement for festive dressing. Whether you’re a bridesmaid searching for a standout gift or someone who loves to add a touch of floral fantasy to your look, this is the piece that turns Akshaya Tritiya sparkle into conversation-worthy style.


Simply Yours: The Ring That Never Goes Out of Style-This sleek, band-style ring proves that simplicity is anything but ordinary. With its clean lines and minimalist charm, it’s designed for effortless everyday wear—alone or stacked. The gender-neutral silhouette makes it a thoughtful gift across occasions: a self-reward for your first pay cheque, a symbol of commitment, or a token of inner strength. This Akshaya Tritiya, celebrate the beauty of meaningful gifting with a piece that’s timeless, personal, and uniquely yours.
Starting at just ₹4,999*, Mia’s Fiora Collection offers an eclectic range of earrings, pendants, neckpieces and more — each piece designed to celebrate the joy of new beginnings and the freshness of Spring. Available across all Mia stores and online at miabytanishq.com, this collection makes the perfect pick for gifting or self-indulgence this Akshaya Tritiya. To make the season even more special, Mia is offering up to 90% off* on making charges of diamond jewellery and flat 10% off* on silver jewellery and making charges of plain gold jewellery. Offer is valid till April 30th. Step into the season of prosperity with a little sparkle — because nothing says ‘auspicious’ quite like the #JoyofGifting with Mia.
National News
Hand-Carriage Jewellery Exports from Mumbai Airport Launches on 1st May

Mumbai International Airport is set to roll out hand-carriage jewellery export operations starting 1st May 2025, marking a major milestone for India’s gem and jewellery trade. The Central Board of Indirect Taxes and Customs (CBIC) formalised the procedure through Circular No. 09/2025-Customs dated 28th March 2025, enabling import/export via personal carriage.
A successful mock drill was conducted on 24th April 2025, with collaborative efforts from Bharat Diamond Bourse (BDB), BVC, Precious Cargo Customs Clearance Centre (PCCCC), Airport Customs, and GJEPC. The drill, overseen by Mr. Roopesh Sukumaran, Additional Commissioner of Customs, PCCCC, simulated a passenger export scenario with GJEPC Secretariat playing the role of the exporter.
GJEPC’s sustained advocacy has been instrumental in achieving this breakthrough. The upcoming advisory from DG Systems will pave the way for Mumbai Customs to issue the Standard Operating Procedure (SOP) for hand carry exports.
The initiative will benefit especially emerging exporters, offering them flexibility to personally carry jewellery to global markets. GJEPC has already set up a dedicated airport office to assist members with hand carry procedures.
National News
India’s GJ sector to hit t $128 Billion by 2029: 1Lattice Report

India’s gems and jewellery market is poised for robust growth, projected to reach $128 billion by 2029, growing at a CAGR of 9.5%, according to 1Lattice’s latest report, Glimmers of Growth. This surge is driven by rising disposable incomes among the middle class, growing demand for certified and branded jewellery, and increased adoption of digital retail platforms. Gold continues to dominate the market, accounting for 86% of the overall share.
The report noted that government initiatives such as reductions in gold import duties and mandatory hallmarking have boosted consumer confidence and affordability. The rise of online retail, with virtual try-on tools and digital marketing strategies, is reshaping consumer engagement, especially among younger demographics.
Lab-grown diamonds (LGDs) have emerged as a key growth driver within the sector. The Indian LGD market is projected to reach $1.2 billion by 2033, growing at a CAGR of nearly 15%. Exports of LGDs have grown eightfold since FY21, and India now contributes around 15% of global LGD production, the report states. However, the lack of domestic HPHT machine fabrication presents an opportunity for investment to establish a full-fledged supply chain. LGDs are increasingly favoured for their affordability, ethical sourcing, and environmental benefits, aligning well with global ESG goals.
The report also maps major jewellery manufacturing clusters across India, including Surat, Mumbai, Jaipur, Thrissur, and Coimbatore, each specialising in distinct styles and techniques. Consumer preferences vary by region, age, gender, and spending behaviour, with a notable shift towards minimalistic, personalised, and sustainable jewellery.
Despite its promising outlook, the industry faces several challenges, including volatile gold prices, high labour costs, fragmented inventory systems, and the slow adoption of advanced retail technologies. Nonetheless, India’s position as a global leader in both natural and lab-grown diamond processing, supported by favourable policy frameworks and rising international demand, sets the stage for sustained growth, 1Lattice said.
To capitalise on this momentum, the report suggests that industry players should enhance transparency through certification, invest in technology, and tap into global trade opportunities while promoting jewellery as both a fashion statement and a long-term investment.
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