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

Cybercrime – Adv 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 Gemology – Dr 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.
JB Insights
The Woman Wearing The Diamond Was Never The One The Ad Was Talking To
Disha Shah, Founder & Designer, DiAi Designs Says That The Brands That Shift From “She Deserves It” to “She Chose It” Won’t Just Win Cultural Relevance – They’ll Own The Future Of Jewellery Marketing.
Indian jewellery advertising has always centred the woman. She has been the face of every campaign, draped in gold, luminous at the occasion, receiving the gift with practised grace. What she rarely was, until recently, was the intended audience.
The creative language of the category was built around a genuine economic reality. For decades, the buyer in Indian fine jewellery was the patriarch, the husband, the father, the family elder making a financial decision on behalf of a woman whose purchasing autonomy was limited. Advertising followed the money. The gift reveal, the bridal close-up, the family approval shot: these were not arbitrary creative choices. They reflected who held the purse strings, and they became so embedded in the category’s visual grammar that they outlasted the conditions that created them by an entire generation.
That structural reality has now reversed. Jewellery purchases now extend beyond weddings and festivals to daily wear, driven by financially independent working women. The self-purchasing woman is no longer an emerging segment; she is the category’s fastest-growing buyer, approaching the decision differently from the buyer the industry originally designed itself around. She is not waiting for an occasion. She is not waiting for someone to present a box. She researched the piece, chose it, and bought it because she wanted it.
The advertising, for the most part, has not caught up.
Some brands are beginning to recognise this. CaratLane’s #WearYourWins movement and Tanishq’s sustained push toward the “woman as decision-maker” are meaningful steps. But what makes these campaigns commercially smart is not just cultural alignment. Research from Harvard Business School finds that women systematically provide less favourable assessments of their own performance and potential than equally performing men. This documented self-promotion gap persists even when women know they have outperformed others. Campaigns that actively celebrate female self-recognition are not just filling a creative gap. They are responding to a behavioural reality that has gone largely unaddressed in the category. The brands doing this well are not being progressive for their own sake. They are being accurate about who their buyer is and what she needs to hear.
Look at the Women’s Day 2026 campaigns across the industry. The conversation is clearly starting to pivot. Brands are finally stepping away from the usual gifting tropes and reframing jewellery as a tool for personal milestones and self-expression. But these remain exceptions. The dominant campaign language of Indian jewellery- the gesture, the reveal, the woman being seen rather than deciding- has not structurally changed.
The media mix tells the same story. Titan leaned heavily on television in FY25, with ad volume surging to 77% of its mix, a broadcast medium built for household reach rather than the individual, financially independent woman who now represents the category’s fastest-growing buyer.
Meanwhile, digitally native BlueStone achieved 50% of online jewellery ad volumes on a budget nearly ten times smaller than Titan’s. The channel that reaches the self-purchasing woman directly is delivering outsized results on a fraction of the spend. The implication for where the industry should be directing its creative attention is fairly clear.
Consider what a brief genuinely written for this buyer would look like. No occasion in the shot. No second person in the frame presents anything. The opening line is not “for the woman who deserves to be celebrated.” It is “she saw it, she wanted it, she bought it.” The product earns its place not through sentiment but through desire. The copy does not explain why she is worth it. It assumes she already knows. That is not a tonal adjustment. It is a fundamentally different creative architecture, and very few briefs in this category have been written that way.
The LGD category has a specific opportunity here that established houses do not. Without decades of legacy campaign language to protect, an independent designer in this space can build advertising from a blank page, one written entirely around the woman who is actually making the purchase. The brief does not have to accommodate inherited assumptions about who the buyer is or what she is waiting for. That is not a small advantage. In a category where the dominant creative language was built around a buyer who is no longer the one making the decision, starting without that inheritance may be the most powerful creative position available.
The woman wearing the diamond has always been visible. What is changing now is who gets to decide. The brands that build their creative around that reality will not just be more culturally relevant. They will be better positioned for every year that follows. The advertising has not caught up yet. But the buyer already has.
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