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IBJA Leadership Conclave 2025: Meaningful dialogue, innovative thinking, and collaborative strategy

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The Indian Bullion and Jewellers Association (IBJA) inaugurated the IBJA Leadership Conclave 2025 at the Bangalore International Exhibition Centre (BIEC), bringing together key stakeholders, industry leaders, and visionaries from across the country. The event is aimed at shaping the future of India’s bullion and jewellery industry through meaningful dialogue, innovative thinking, and collaborative strategy.

The inaugural ceremony witnessed the presence of prominent dignitaries, including Dr. Chetan Kumar Mehta, President – Jewellery Division, IBJA and President – JAB; Malleswara Rao, State President – Andhra Pradesh, IBJA and Convenor of the Conclave; Chandrasreenivas Rao, State President – Telangana, IBJA; P.V. Jose, State President – Kerala, IBJA; Sumesh Wadhera, State President Karnataka –IBJA, Ankit Vaidya, State President – Madhya Pradesh, IBJA; and Sreekanth Urs, CEO – GES India Inc.

Delivering the keynote address, Dr. Chetan Kumar Mehta inspired the audience with a motivational message: “Followers are temporary, leaders are permanent. So, be a leader!” Drawing from his own journey, Dr. Chetan Mehta stressed the importance of humility, consistent hard work, and the adoption of technology and innovation as essential traits for long-term success in the jewellery business.

The conclave featured several insightful sessions, acting as a knowledge booster for industry professionals. One of the most compelling sessions was Next Gen Jewellery: Provenance, Precision and Personalization with AI & Blockchain.

In a discussion between Kamlesh Nagware, Founder – Global Tokenization Forum, and Rahul Desai, MD & CEO, IIG, the focus was on rising consumer demand for transparency in ethical sourcing and authenticity—especially in diamonds and precious metals. The speakers emphasized that AI and Blockchain are no longer optional but essential tools for the future of jewellery.

Another key session addressed the Necessity of Hedging in Bullion, featuring Jigar Pandit, SVP & Business Head – Commodity, Mirae Asset Sharekhan, in conversation with Sumesh Wadhera, MD – AOJ Media.

Jigar Pandit highlighted the importance of hedging in mitigating risks due to price fluctuations. He advised that jewellers should hedge only their actual exposure rather than speculate on market movements. He also emphasized the effectiveness of Gold Metal Loans (GMLs) in managing raw material procurement while minimizing price risk. He pointed out the urgent need to educate local jewellers in India on this topic.

The session on Retail Sales and Merchandise, led by Rajiv Pandey, HOD – Jewellery Design, IIG South, outlined critical strategies for enhancing retail performance. He spoke on the importance of strategic planning, upselling and cross-selling, gemstone certification, effective inventory management, and structured staff training as key components for maximizing sales and customer experience.

Silver in Focus – Comprehensive look at silver trajectory by Ajay Kedia, Founder and Director -Kedia Capital Service stressed that silver is the most mispriced asset in the monetary system. Silver is not just a commodity -it is a currency hedge, a strategic metal and an early signal of systemic fragility. Kedia took the audience through the reasons for silver’s surge which include industrial demand including clean energy, jewellery consumers moving to silver. And, the buzz that Russian central bank considering silver as a reserve. He was bullish on silver, predicting that silver could touch USD 70 in the short term.

At the recent industry session titled Legacy to Leadership: How Traditional Jewellers Can Rule the New Era, celebrated motivational speaker and business coach Dr. Ujjwal Patni delivered a power-packed address that left the audience inspired and energized. With his signature blend of sharp insights and relatable delivery, Dr. Patni spoke directly to jewellers navigating the evolving business landscape—urging them to rethink tradition and embrace transformation.

The session highlighted a central message: complacency has no place in the pursuit of excellence. In a fast-changing market driven by modern consumer expectations and digital disruption, Dr. Patni stressed that only those who maintain an unrelenting hunger for growth will thrive.

He emphasized that clarity, structure, and vision are non-negotiables for success in the current era. Traditional jewellery businesses, while rich in legacy, must now complement their heritage with well-defined systems, robust processes, focused strategies, and a written vision to ensure sustainability and scalability.

Dr. Patni also revealed what he called the “secret sauce” for business success—a set of practical strategies tailored for jewellery entrepreneurs:

  • Owner Growth Hour Strategy: A dedicated time daily for business owners to invest in learning, reflection, and high-level decision-making.
  • Market Analysis Strategy: The importance of tracking industry trends, competitor movements, and evolving consumer behavior to stay ahead.
  • USP Strategy: Identifying and communicating a clear Unique Selling Proposition to differentiate from the competition.
  • Cartier Strategy: Drawing inspiration from global luxury brands to elevate perception, customer experience, and brand value.

The session served as a wake-up call for jewellers holding on to legacy practices. With practical takeaways and strategic clarity, Dr. Patni redefined what it means to be a leader in today’s jewellery business: a visionary who honours tradition while embracing innovation.

CybercrimeAdv Pankaj Bafna underscored the fact that increased usage of mobile telephony and social media was driving the cybercrime. An accused in cybercrime faces stiff fines and imprisonment.

Suspicious transactions or deposits by unknown individuals can lead to account freezes and possible raids by authorities. Businesses must comply with the Prevention of Money Laundering Act (PMLA) and related regulations. Key measures include obtaining KYC details, keeping accurate transaction records, and enforcing strict internal controls. Non-compliance poses legal and reputational risks.

Astro GemologyDr Prashanth Srinivasa Murthy, Faculty -IIG South presentation unveiled the ancient wisdom of Astro Gemology,  a traditional practice in India that combines astrology and gemology—the study and use of gemstones—to influence and enhance an individual’s life based on their astrological birth chart.

Rooted deeply in Vedic astrology, astro gemology is based on the belief that certain gemstones, when worn according to one’s planetary positions, can attract positive energies and counteract negative planetary influences.

Nirmal Bang View on Gold By Kunal Shah, Head of Commodities Research, Nirmal Bang stated that the drivers of gold prices were ‘love demand’ -the love for gold as an adornment and ‘fear demand’ – the fear of an uncertain world and future.

Kunal Shah unraveled the complexities of a multipolar world marked by soaring U.S. debt, increasing central bank gold purchases, and the growing influence of Asian economies. He projected that gold prices are unlikely to surge dramatically in the near term, instead expecting them to consolidate and potentially dip.

Overall, the IBJA Leadership Conclave 2025 served as a dynamic platform for industry innovation, strategic foresight, and leadership development. With participation from various state leaders and industry experts, the conclave set the stage for collaborative growth and transformation in India’s jewellery and bullion sector.

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JB Insights

Sparkle in Tradition, Shine in Style This Diwali

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Celebrate the Festival of Lights with Kolkata’s finest jewellers – timeless creations in gold and diamonds that honour heritage, radiate elegance, and become cherished legacies for generations.

This Diwali, Kolkata’s leading jewellers invite you to embrace the spirit of light, prosperity, and togetherness with timeless jewellery creations. From dazzling statement pieces that complete your festive look to evergreen classics that shine long after the celebrations, each jewel is crafted to capture the brilliance of the festival of lights and the promise of new beginnings. Celebrate this Diwali with a treasure that sparkles from the heart – a keepsake in gold that becomes a legacy for generations to come.

 AVAMA JEWELLERS BY ABHISHEK KAJARIA

From Dhanteras to Diwali: Celebrate in Radiant Elegance with ‘Diwali Dazzle 2025’ by Avama Jewellers

Embrace the Spirit of Diwali with ‘Diwali Dazzle 2025’: A Collection of Timeless Jewels. As the golden glow of Dhanteras ushers in the season of lights, and Diwali approaches with all its splendor, Avama Jewellers by Abhishek Kajaria invites you to celebrate the most anticipated time of the year with ‘Diwali Dazzle 2025’—a resplendent collection of fine jewellery that captures the very essence of timeless tradition and contemporary sophistication. Rooted in the richness of India’s festive heritage and inspired by the purity and auspiciousness of the season, ‘Diwali Dazzle 2025’ is an exquisite symphony of diamonds and polki. Each piece is a testament to Avama’s enduring design philosophy—where elegance meets innovation, and heritage harmonizes with modernity. Whether it’s an intimate Diya Puja at home or a glamorous evening soirée, this collection has been meticulously curated to elevate every festive ensemble. The collection offers a wide array of stunning designs, from intricately crafted jhumkas with a contemporary edge, statement rings that blend opulence with wearability, sleek, minimalist bracelets ideal for layering or standalone wear and Chokers that radiate regal charm with a modern twist- every jewel in this collection is designed to transcend fleeting trends, offering heirloom-worthy allure with versatile styling. Enjoy a host of exclusive festive privileges at Avama Jewellers- including zero making charges on gold coins, the opportunity to exchange your old gold jewellery for new BIS hallmarked pieces, and up to 50% off on select gold, diamond, and polki jewellery. Discover additional delights with up to 15% off on gemstones, and receive assured gifts on purchases above Rs.50,000. This festive season, Avama Jewellers brings not just jewellery, but a celebration of light, legacy, and luxury. With exclusive festive offers and a commitment to craftsmanship, ‘Diwali Dazzle 2025’ ensures that you step into every celebration adorned with grace, confidence, and unmistakable brilliance. Let your moments shine brighter…Let your traditions be adorned in elegance…Let Avama Jewellers be your companion from Dhanteras to Diwali and beyond.

MADANJI MEGHRAJ JEWELLERS

Illuminate Your Diwali with Madanji Meghraj Jeweller’s ‘Diwali Treasures 2025’ A Celebration of Light, Legacy, and Luxury….

As Diwali approaches, homes are adorned with the warm glow of diyas, the fragrance of festive indulgence fills the air, and hearts come alive with the joy of togetherness. It is a time where tradition embraces the present, and every detail — from decor to ensemble — is curated with meaning. This festive season, Madanji Meghraj Jewellers invite you to celebrate with an exquisite collection designed to mirror the radiance of the festival: ‘Diwali Treasures 2025’ Inspired by the ethereal glow of Diwali nights and the enduring symbolism of prosperity and new beginnings, ‘Diwali Treasures 2025’ is a luminous tribute to timeless elegance and contemporary artistry. This thoughtfully curated collection features a magnificent array of diamond, polki, and gemstone jewellery, each piece crafted to elevate your festive ensemble with sophistication and soul. From opulent statement necklaces to delicate earrings, charming bracelets, and artfully designed rings, every creation echoes the spirit of Diwali—celebratory, graceful, and radiant. The pieces are a seamless blend of traditional craftsmanship and modern design sensibilities, honouring the heritage of Indian jewellery while appealing to today’s refined aesthetic. Whether you are attending a sacred puja, a festive soirée, or an intimate gathering with loved ones, ‘Diwali Treasures 2025’ offers jewels that complement every moment of celebration. Imagine polki earrings that glisten under soft candlelight, or a diamond choker that catches every flicker of the flame — each piece designed not just to adorn, but to enchant. Known for its legacy of exceptional craftsmanship and design excellence, Madanji Meghraj Jewellers once again delivers artistry that transcends trends. This collection embodies not just the beauty of the festival, but the enduring charm of jewels that will be treasured for generations to come. This Diwali, let your celebration be adorned with brilliance that lingers long after the festivities fade. Discover the magic of ‘Diwali Treasures 2025’ — where every piece is a celebration in itself.

Punamchand Jewellers Unveils ‘The Radiance Edit’ for a Sparkling Diwali

Kolkata: Diwali is a festival that celebrates light, joy, and prosperity, making it the perfect occasion to indulge in timeless jewels that radiate brilliance. With a legacy spanning over six decades, Punamchand Jewellers presents “The Radiance Edit”, a festive curation that captures the spirit of togetherness while honouring the brand’s unmatched heritage of trust, craftsmanship, and innovation.

The collection is an opulent mix of sparkling EF colour diamonds, regal polki and jadau sets, and gemstone-encrusted creations featuring emeralds, rubies, and sapphires. Each piece is designed to reflect every facet of Diwali dressing—whether it’s dazzling diamond earrings for an elegant taash party look, bold Rajwada-inspired necklaces for the main Diwali day celebrations, or

statement gemstone rings that complete a cocktail evening ensemble. The Radiance Edit ensures there is a jewel for every moment, every gathering, and every expression of style this festive season.

Speaking about the collection, Yogesh Soni, Director of Punamchand Jewellers, shares, “At Punamchand, we believe jewellery is not just an adornment but a legacy—an heirloom of love and celebration. With ‘The Radiance Edit,’ we wanted to bring together creations that resonate with both tradition and today’s evolving style sensibilities. Every jewel has been crafted to not only complement festive looks but also to become a cherished part of Diwali memories for generations to come.”

Festive Offer: Celebrate Diwali with sparkle and savings! Enjoy 50% off on making charges from 9th to 19th October across all stores.

MAHABIR DANWAR JEWELLERS

Mahabir Danwar Jewellers Unveils ‘The Padmavati’ Collection This Diwali

This Diwali, as homes glow with lights and families come together to celebrate prosperity, joy, and new beginnings, Mahabir Danwar Jewellers introduces The Padmavati Collection—a tribute to timeless legacy, strength, and elegance. Inspired by the legendary Rani Padmavati, this luxurious line blends traditional Indian artistry with contemporary refinement, curated for women who carry their heritage with pride while embracing modern sophistication.

The Padmavati Collection is a dazzling symphony of diamonds, polki, kundan, and antique gold craftsmanship, designed to mirror the grandeur of India’s heritage while suiting modern festive lifestyles. The collection features opulent chokers, regal layered haars, statement earrings, cocktail rings, maang tikkas, and bangles, each intricately handcrafted to capture the sparkle of Diwali. Rich emeralds and rubies lend vibrant pops of colour, while polki and jadau sets exude an old-world charm. From glamorous diamond danglers for taash parties to traditional polki masterpieces for Diwali day poojas and gemstone-studded cocktail pieces for evening soirees, every jewel is thoughtfully designed to complement the many moods of the festive season.

Vijay Soni

Speaking about the collection, Vijay Soni, Director, Mahabir Danwar Jewellers, shares, “Diwali is about celebrating prosperity, heritage, and togetherness, and jewellery has always been at the heart of these traditions. With ‘The Padmavati Collection,’ we wanted to bring creations that resonate with our culture yet complement today’s festive lifestyles. Each piece is crafted to be more than adornment—it’s a legacy to treasure, an emotion to cherish, and a sparkle that completes every celebration.”

To add to the festive spirit, Mahabir Danwar Jewellers is offering up to 100% discount on the making of diamond jewellery, up to 50% discount on the making of gold jewellery, up to 50% discount on the making of diamond polki jewellery, up to 35% discount on the making of jadau and antique gold jewellery, and up to 20% discount on Italian design chains. In addition, every purchase comes with a lucky draw coupon for every ₹10,000 spent, making each purchase even more special and rewarding this festive season.

Shine Bright This Diwali with ‘Diwali Luxe 2025’ by Indian Gem & JewelleryCreation

Bring out the brilliance this festive season…

As the joyous spirit of Diwali fills the air, it brings with it a sense of renewal, celebration, and luminous beginnings. Known as the Festival of Lights, Diwali is a time to embrace the triumph of good over evil and to welcome the promise of a radiant year ahead. And what better way to mark this auspicious occasion than with jewellery that reflects the sparkle in your heart and the grandeur of the season? In celebration of this cherished time, Indian Gem & Jewellery Creation is proud to unveil its newest festive collection — ‘Diwali Luxe 2025’ — a thoughtfully curated array of timeless pieces designed to elevate your celebrations with grace, glamour, and meaning. Renowned for their exceptional craftsmanship and inspired design, Indian Gem & Jewellery Creation continues to capture the essence of heritage with a modern flair. The ‘Diwali Luxe 2025’ collection is no exception — a luminous showcase of diamond jewellery enhanced with vibrant gemstones, offering the perfect balance between tradition and contemporary elegance. From sleek diamond-studded earrings that echo minimalist sophistication, to intricately detailed necklaces, majestic bangles, and statement rings, each piece is created to complement the grandeur of the festive season. The collection speaks to women who appreciate jewellery that reflects their cultural roots while effortlessly blending into modern celebrations — whether it’s a traditional Diya Puja or a glamorous Taash party. Notably, this season’s favourites include vibrant gemstone accents, a celebration of colour and symbolism, as well as versatile statement earrings and refined bracelets—ideal for the style-conscious, modern woman. Whether you’re seeking to indulge in timeless heirlooms this Dhanteras, or looking to make a bold impression throughout your Diwali gatherings, ‘Diwali Luxe 2025’ offers a range of treasures to match every mood and moment. Join us in celebrating the essence of Diwali through jewels that dazzle, designs that endure, and craftsmanship that tells a story of light, legacy, and luxury. Indian Gem & Jewellery Creation invites you to discover a collection where each piece is more than an accessory—it’s an expression of celebration.

BHARTI BANGUR FINE JEWELS

DIAMONDS, POLKI & PRECIOUS STONES TAKE CENTERSTAGE IN THE DIWALI EDIT BY

 BHARTI BANGUR- FINE JEWELS

Diwali, the festival of lights, is not just about lamps, sweets, and celebrations—it is about the women who make every home shine brighter. The unsung heroes who put their children, husbands, and parents first, and themselves last. They are the true Laxmis, bringing warmth, love, and light into the world around them. This Diwali, Bharti Bangur Fine Jewels pays tribute to these women with “The Diwali Edit”, a collection that celebrates their grace, resilience, and brilliance.

From the sparkle of natural diamonds to the rich hues of emeralds and rubies, and the regal charm of polki and jadau, The Diwali Edit is crafted for every moment of the season. Think dazzling diamond danglers to add glamour to taash parties, intricate jadau necklaces for the main Diwali day celebration, or elegant ruby and emerald cocktail rings that light up festive evenings. Designed to balance tradition with modern elegance, each piece is made to remind women that they too deserve to celebrate themselves.

Bharti Bangur

Speaking about the collection, Bharti Bangur shares, “Women are the heart of every household and the true Laxmis of our lives. They give selflessly, putting their families first and themselves last. With ‘The Diwali Edit,’ I wanted to create jewellery that acknowledges their strength, honours their role as nurturers, and inspires them to embrace their own beauty and individuality. This Diwali, we invite women to pamper themselves—to shine as brightly as the lights they kindle in their homes.”

Adding to the celebrations, Bharti Bangur Fine Jewels is offering a flat 15% off on all jewellery pieces in store —Fine and Fashion—from 8th to 10th October 2025. A special three-day window to acknowledge and celebrate the women who make every Diwali truly Shubh, beautiful, and love-filled.

This Diwali, celebrate yourself—the goddess within—with jewels as radiant and timeless as your spirit.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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