OurBuzz
IIJS a Premiere 2023 could see upto 50,000 visitors in attendance
The response to IIJS Premiere has been nothing short of phenomenal. In the first phase alone, over 30,000 visitors and 15,000 companies have registered, surpassing expectations. This tremendous response demonstrates the industry’s support for the dual venue arrangement and highlights the growing significance of IIJS Premiere.This number may go up to 50,000 visitors and 25,000 companies as we approach the date.”
While the majority of visitors are from the local market, IIJS serves as a vital sourcing platform for jewellers catering to Non-Resident Indians (NRIs) worldwide. The show attracts a significant number of NRI jewellers, ensuring its international stature.
Last year, the show generated business worth ₹50,000 crore, and with the current trend of increased visitor footfalls, a 30% to 40% growth in business is anticipated. Stable gold prices, robust economic growth in India and surrounding regions, and positive market conditions add to the optimism.
Source: GJEPC
DiamondBuzz
Gold & Silver Rebound on MCX, Recover Recent Losses
Prices Rise Sharply As Investor Sentiment Strengthens Amid Easing Crude Oil Rates
In a notable turnaround, gold and silver prices in India have recovered from recent losses, showing a strong upward movement in the commodity market. MCX gold rose by Rs. 500–600, moving back above Rs. 1.52 lakh per 10 grams, while silver crossed Rs. 2.44 lakh ahead of the evening session.
In the global market, spot gold traded above $4,700 per ounce, while spot silver gained nearly $1 to approach $76 per ounce. The rally is partly supported by a decline in crude oil prices, with US WTI falling below $95 per barrel and Brent crude staying under $105.
The rebound reflects renewed investor confidence amid shifting global cues, offering support to India’s gems and jewellery sector.
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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.