JB Insights
India Gold Conference 2025 concludes as a pivotal forum for the gold bullion industry
Marked by both high-level policy discussions and high-stakes regulatory debates
The India Gold Conference (IGC) 2025 at Pullman & Novotel Aerocity concluded as a pivotal forum for the gold bullion industry, marked by both high-level policy discussions and high-stakes regulatory debates. The event kicked off with presentations on practical issues like “Avoiding Disputes in Bullion Imports” and an inaugural session headlined by Smt. Nidhi Khare, IAS, Secretary of Consumer Affairs, alongside global leaders from the LBMA, MCX, and IBJA. The first evening also featured a Digital Vision Address by Jignesh Shah on gold’s future relevance against cryptocurrencies, culminating in the IGC Excellence Awards.
The core of the conference, however, centered on five structured debates over critical policy areas. These heated sessions tackled the necessity of harmonizing customs duties, whether accredited refiners should be exempted from bullion hallmarking, the feasibility of achieving a “One India, One price for Gold” across the market, the push for channeling all imports through a single gateway like IIBX, and the urgent need to regulate retail spot gold investment products. Supplemented by World Gold Council insights on consumer trends and presentations on logistics and digital transformation, the conference underscored the industry’s commitment to achieving greater transparency, global competitiveness, and a clear regulatory framework for India’s massive gold market.
This year’s edition witnessed the participation of over 683 delegates, including 59 eminent speakers, supported by 47 sponsors and partners, 8 supporting bodies and 23 exhibitors, making it one of the most impactful gatherings of the bullion and precious metals industry.
The next edition of the India Gold Conference will be held in Goa from 20-23 August 2026 at the Taj Cidade de Goa Horizon.
JB Insights
Forevermark stores: De Beers is rewriting the rulebook
De Beers isn’t just playing the game anymore; they’re rewriting the rulebook. Forget the “shop-in-shop” clutter—the diamond giant is planting its flag in Indian soil with a strategy that’s as sharp as a princess cut.
By launching standalone Forevermark stores, De Beers is ditching the middleman and betting big on India as the ultimate test bed for high-octane luxury. Here’s how they’re turning the “traditional” jewelry market on its head:
The Strategy: High Stakes, Higher Value
De Beers has stopped trying to blend in. They’ve realized that to sell a dream, you need to own the room.

- The Blueprint: They’re swapping low-risk partner outlets for sprawling, 5,000 sq. ft. flagship “global” stores.
- The Target: No more waiting for a wedding invite. They’re hunting the “Self-Purchaser”—affluent women (ages 25–45) who buy diamonds because it’s Tuesday, not because they’re getting married.
- The Map: Forget the cooling markets in China or the “steady-as-she-goes” U.S. De Beers is laser-focused on India’s Tier 1 and Tier 2 cities, where the appetite for luxury is growing at a staggering 10–12% annually.
Why India? The Death of “Gold Only”
For decades, gold was the undisputed heavyweight champion of the Indian heirloom. Not anymore. India’s young, wealthy middle class is trading religious tradition for high-end aspiration.
Gold has long been the Old Guard of Indian jewellery—deeply rooted in tradition, trust, and legacy. Dominating heavy wedding sets and festive occasions, gold is typically purchased by families and patriarchs, valued as both adornment and secure investment. Its vibe is timeless, ceremonial, and culturally rich, symbolising stability and generational wealth. In contrast, diamonds represent the New Wave—light, versatile, and designed for everyday wear as much as special moments. Increasingly chosen by independent women, diamond jewellery reflects individuality and aspiration, evolving into a modern status symbol that blends personal expression with contemporary luxury.
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