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IIG Partners with Shringar House of Mangalsutra Ltd. to Launch Designer of the Month Competition for Jewelry Students

The International Institute of Gemology (IIG) has partnered with Shringar House of Mangalsutra Ltd. to introduce a new PAN-India initiative – the IIG Designer of the Month competition.

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Aimed at IIG students across India, this competition provides an exceptional platform for aspiring jewelry designers to conceptualize, create, and showcase their designs. Winning designs will be produced in 22K and 18K gold at Shringar’s advanced manufacturing facility, offering real-world exposure for students.

The competition will be judged by an expert panel, including Chetan Thadeshwar, Chairman & MD of Shringar House of Mangalsutra, Rahul Desai, CEO & MD of IIG, and two leading jewelry retailers. The top finalists will gain invaluable opportunities, including paid internships and potential employment with Shringar, along with sponsorships for their designs. The competition marks a significant step for IIG in its commitment to providing hands-on industry experience alongside academic learning.

This collaboration reflects IIG’s dedication to shaping the future of jewelry design education by offering practical exposure and industry connections. Rahul Desai, CEO of IIG, emphasized that the MoU represents a dynamic approach to cultivating talent, blending tradition with innovation. Meanwhile, Chetan Thadeshwar highlighted Shringar’s commitment to mentoring young talent, fostering creativity, and providing them with the resources to succeed in the jewelry industry.

Speaking on this collaboration, Chetan Thadeshwar, Chairman & MD of Shringar House of Mangalsutra Ltd., shared: “At Shringar, we have always believed in creating new talent. This competition is not just about finding the next great design; it’s about mentoring the next generation of jewelry designers, helping them understand the intricacies of craftsmanship, and providing them with a platform to showcase their vision. We are proud to join hands with IIG in this endeavor, ensuring that creativity meets opportunity in the most impactful way.”

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National News

Gold Holds Steady On MCX As Middle East Tensions Cloud Market Direction

Bullion Trades Range-Bound As Strait Of Hormuz Uncertainty Fuels Inflation Fears 

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Gold prices were largely unchanged at the open on India’s Multi Commodity Exchange (MCX) on Tuesday, as investors weighed persistent geopolitical tensions in the Middle East against shifting expectations for global monetary policy.

The MCX gold May futures contract edged up 0.01% to Rs. 1,52,417 per 10 grams in early trade, while silver for May delivery declined 0.55% to Rs. 2,51,160 per kilogram. The muted start followed a cautious global tone, with bullion markets struggling to find direction amid conflicting macro signals.

Internationally, spot gold held above the $4,800-an-ounce mark in early trading but later slipped about 0.5%, even as crude oil prices fell nearly 1%. Spot silver also weakened, dropping roughly 1%. The divergence underscores a market caught between safe-haven demand and rising concerns over tighter financial conditions.

Investor sentiment remains tethered to developments around the Strait of Hormuz, a critical artery for global energy supplies. Escalating tensions in the region have fueled fears of a prolonged disruption, amplifying inflationary pressures at a time when central banks are already navigating a delicate policy balance.

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