National News
IIBS-11: Navigating the ‘New Gold Rush’ in a fragmenting global economy
India International Bullion Summit – 11 (IIBS-11) organized by IBJA will be held on 27th – 28th February, 2026, at Westin Hotel, Mumbai.It will be inaugurated by Chief Guest Shashi Tharoor, MP- Thiruvananthapuram, Keralam.
The keynote address will centre on the critical intersection of the global economy and the precious metals market. The session will trace the industry’s historical trajectory, examining how a progressively fragmenting global economy is fundamentally reshaping international trade dynamics. Furthermore, it will explore the emergence of a ‘new gold rush’—a transformative era poised to define the bullion market for decades to come—highlighting exactly why understanding this paradigm shift is more vital to our industry now than ever.
The entire focus of this year IIBS shall be on topics which are relevant and related to the gems & Jewellery Industry. This year’s topic includes Silver Substitute for Gold?, Digital Gold Regulations, Wealth Creation, Rising Gold and Silver Prices and its Impact on Developing Nations, Growth of Organised Jewellery Sector in Challenging Times, Digital Vision: Gold: Beat the Bitcoin 2026, Fiat Currency v/s Bullion v/s Crypto, Indian Market Initiative, Requirement of Gold Policy Changes, Bullion Market Integration: India’s Role in a Connected Global Trade, Global Market Infrastructure, Is Hedging Effective Tool in Current Scenario?, Gold 2.0 for the Global Future, Innovation in Bullion Eco System and Gold Outlook – 2026.
Speakers include Jignesh Shah – Mentor & Coach, IGM (India Gold Metaverse)- Founder: MCX, DGCX, IEX, SMX, MCX-SX, ODIN, Sachin Jain – World Gold Council, Prof. Sundaravalli Narayanaswami – India Gold Policy Centre (IGPC), Harish Pawani –Purshottam Kanji & Co., Dubai, Dr. Saurabh Gadgil – PNG Jewellers, Varghese Alukkas –Jos Alukkas, Ba. Ramesh – Thangamayil Jewellery Limited, Kishore Narne – Motilal Oswal Financial Services Ltd. Srinivas L – 63SATS Cybertech Ltd., Dhritiman Murti – Tether Rajesh Kalyanaraman – Kalyan Jewellers, Asher Ottamoochikkal Malabar Gold & Diamonds, Quynh Le – Tether, Sajeev Kumar – Equinox Interactive (Asia) Pte Ltd, Lokesh Sugandh – Meenakshi Gold, Shivanshu Mehta – Multi Commodity Exchange of India Limited, Moses Bodea – GOLDINVEST Edelmetalle GmbH, Mohammad Ayyob – SAM Precious Metals, Abhijit Shah – Emirates Gold and various other expert of bullion and jewellery trade.
Commemorating its 107-year legacy, the India Bullion and Jewellers Association is strategically pivoting toward a new century of industry leadership. As a cornerstone of the bullion ecosystem, the Association remains committed to its dual mandate: championing member interests while institutionalizing consumer trust through transparent and ethical market practices.
By navigating complex regulatory landscapes and fostering a robust value chain, IBJA continues to serve as a vital catalyst for sustainable growth within the global jewelry sector.
source: IBJA
National News
India’s Natural Diamonds Exports Lead In Value As Polished LGD Exports Overtake In Volume
Natural Diamonds Continued To Dominate In Overall Export Value Due To Their Substantially Higher Price Realization Per Carat.
India’s export volume of polished lab growns has overtaken that of natural diamonds for the first time.India’s diamond export industry has crossed a historic threshold, with the volume of polished lab-grown diamonds surpassing natural diamonds for the first time. However, a massive pricing disparity ensures that mined gems still command the financial throne.
According to newly released data from the GJEPC for the fiscal year ending March 2026, lab-grown exports surged by nearly 31% to reach 18.84 million carats. Conversely, natural diamond exports contracted by roughly 4%, slipping to 16.00 million carats.
During the fiscal period, natural diamonds accounted for an export volume of 16.00 million carats, with an average price of $760 per carat, generating total fiscal revenue of $12.16 billion. In comparison, lab-grown diamonds recorded a higher export volume of 18.84 million carats; however, with an average price of only $60 per carat, they generated significantly lower total fiscal revenue of US$1.13 billion. While lab-grown diamonds surpassed natural diamonds in volume terms, natural diamonds continued to dominate in overall export value due to their substantially higher price realization per carat.
Despite the revenue gap, the volume flip highlights an astronomical growth trajectory; a decade ago, in fiscal 2015-16, India exported a mere 10,000 carats of lab-grown diamonds. Early data for April 2026 indicates this trend is locking in, with lab-grown volumes edging past naturals at 1.36 million carats to 1.34 million carats, respectively.
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