National News
Gold price surges past Rs 1 Lakh/ 10 gm
In a landmark moment for the Indian bullion market, gold prices have surged past the Rs 1 lakh mark per 10 grams, reinforcing the precious metal’s status as a safe-haven investment during times of economic uncertainty. On Friday, Mumbai’s renowned Zaveri Bazaar witnessed an unprecedented rise in the price of 24-carat gold, which now stands at Rs 1,01,000 per 10 grams—marking the highest ever recorded in India’s history.
This significant increase is largely attributed to a confluence of international and domestic factors. Market experts suggest that rising global gold prices, coupled with expectations of potential interest rate cuts in the United States and Europe, have played a pivotal role in boosting demand. Additionally, a weakening US dollar and ongoing geopolitical tensions, particularly in the Middle East, have further cemented gold’s appeal among investors seeking stability in volatile times.
While this surge may be welcomed by investors, it poses a financial challenge for everyday consumers, especially during the current wedding season. As gold becomes increasingly expensive, middle-class buyers may find it harder to afford new jewellery. In fact, several gold traders have reported a noticeable dip in demand for newly crafted ornaments, with many customers choosing instead to liquidate existing gold assets to take advantage of the high prices.
Looking ahead, the trajectory of gold prices remains uncertain. If global instability continues and investor demand holds strong, experts believe that prices could climb even higher. On the other hand, some analysts foresee a potential cooling-off period, citing the likelihood of profit booking by investors who may now choose to capitalize on the recent surge.
In conclusion, the current rally in gold prices underscores the metal’s enduring significance in global and domestic markets. Whether this trend will persist or see a temporary pullback remains to be seen, but for now, gold continues to shine brightly as both an investment and a symbol of security.
National News
GJEPC Co-Hosts Indo-Belgian Diamond Forum in New Delhi
Gem & Jewellery Export Promotion Council and HRD Antwerp bring together industry leaders and policymakers to deepen India–Belgium collaboration and discuss the future of the global diamond trade.
The Gem & Jewellery Export Promotion Council (GJEPC), in partnership with HRD Antwerp and the Embassy of Belgium in India, co-hosted the Indo-Belgian Diamond Forum at the Residence of the Ambassador of Belgium in New Delhi. The event was powered by INDRA – by De Beers Group & GJEPC, with Shivam Jewels as the Diamond Partner, BVC Logistics as the Logistics Partner, and Business of Jewellery as the Media Partner.
The forum celebrated the strong and longstanding partnership between India and Belgium in the global diamond trade. It brought together industry leaders, policymakers, diplomats and entrepreneurs to exchange insights on the evolving landscape of the diamond and jewellery sector and explore new opportunities for collaboration between the two countries.
The event was inaugurated in the presence of His Excellency Didier Vanderhasselt, Ambassador of Belgium to India; Kirit Bhansali, Chairman, GJEPC; Shaunak Parikh, Vice Chairman, GJEPC; Mansukh Kothari, Convener – Events, GJEPC; Stanley De Belie, Chief Operating Officer, HRD Antwerp; and Ramakant Mitkar, Managing Director – India, HRD Antwerp, along with other distinguished industry and government officials.
“India is committed to playing a responsible and constructive role in this global ecosystem. This year, India is honoured to serve as the Chair of the Kimberley Process for 2026. This responsibility reflects the trust the international community places in India’s leadership in promoting transparency, responsible sourcing, and ethical practices in the diamond trade. At the same time, India is taking important steps domestically to strengthen consumer confidence in diamonds.”Kirit Bhansali Chairman, GJEPC
A panel discussion during the forum explored key trends shaping the global diamond and jewellery industry, including consumer preferences, branding of natural diamonds, technological innovation, and opportunities for strengthening Indo-Belgian trade ties. The discussion featured Shaunak Parikh, Vice Chairman, GJEPC; Sabyasachi Ray, Executive Director, GJEPC; Toranj Mehta, Vice President Marketing, De Beers India; Priyal Shankar, Director, Shivam Jewels; Oushnik Chandra, CEO, PC Chandra Jewellers; and Ramakant Mitkar, Managing Director – India, HRD Antwerp.
The session was moderated by Prasad Kapre, Industry Analyst & Consultant at Blue Sky Business Management Group, who guided the discussion on the future of natural diamonds and global market dynamics.
Through such international engagements, GJEPC continues to strengthen global partnerships and reinforce India’s role as a key pillar of the global gem and jewellery industry.
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