National News
JMAIIE 2024-The Ultimate Jewellery Machinery Exhibition
An unprecedented success with 6,000+ visitors, 250+ exhibitors
The 3rd edition of the Jewellery Machinery & Allied India International Expo 2024(JMAIIE 2024) held at Mumbai, was an unprecedented success. JMAIIE 2024 was held from 9-12 Feb 2024 at Bombay Exhibition Centre, Mumbai.
JMAIIE, organized by KNC Services, and powered by JMA Forum, is the largest sourcing hub for jewellery machinery and allied products worldwide. JMAIIE 2024 featured250+ exhibitors and saw 6,000+ visitors across all over the world in attendance. Over 200 overseas buyers attended the exhibition. JMAIIE 2024 saw the presence of exhibitors from Italy, Turkey, Germany, Switzerland, Dubai, Qatar, Oman; they all received an excellent response from Indian jewellery manufacturers.
JMAIIE 2024 was inaugurated by Chief Guest Rajesh Kumar Mishra (IRS), Zonal Development Commissioner-SEEPZ-SEZ, Mumbai along with Guest of Honour Kevin James, MD-Goodwin Refractory Services India Pvt Ltd. Present at the inauguration were Kranti Nagvekar, Founder – KNC Services, Farhad Sethna, Chairman, JMA Forum and Michael Donald Secretary, MA forum.
In his inaugural address, Rajesh Kumar Mishra (IRS), Zonal Development Commissioner-SEEPZ-SEZ, Mumbai said, “I am pleased to see that the concept and organization of JMAIIE is fulfilling the objective of growing the jewellery machinery sector, leading to growth of the GJ industry. My advice to the industry is that there should be an increased focus on skilled labour, maintaining quality and growing the domestic base of jewellery machinery sector.”

Kevin James, Managing Director, Goodwin Refractory Services India Pvt. Ltd said “JMAIIE continues to be a platform for excellence, creativity and progress.The innovation in manufacturing technology showcased here is key to supporting the jewellery machinery sector.”
Farhad Sethna, Chairman-JMA Forum, said, “JMAIIE, the exclusive jewellery machinery show has been a tremendous success.It is our endeavour to make it the largest jewellery machinery shop in the world. It provides unmatched opportunities to buyers to see the latest in jewellery machinery and is a platform for manufacturers to promote their products in India and abroad.”


Kranti Nagvekar, Founder of KNC Services, expressed, “I wish to convey my appreciation to both exhibitors and visitors for their incredible support. We expect a huge turnout of both manufacturer and buyers from the industry to attend the largest Jewellery Machinery Exhibition of India.The latest cutting edge technology in manufacturing seen here is contributing to the PM’s vision of Make in India.”
Michael Donald, Secretary-JMA Forum delivered the vote of thanks.
The JMAIIE Excellence Awards were held concurrent to the exhibition. The awards included total of 54 categories, of which 35 companies were nominated. The jury comprised Shailesh Sangani, MD, Priority Jewels, Vasant Birawat, MD, Chain N Chain, Bipin Viradiya, Founder & Director, Tanvi Gold Cast LLP, Santosh Krishna, COO, Emerald Jewel Industry India Ltd and Elangovan A, Sr. Vice President, Group Head, Malabar Group.



A posthumous award was dedicated to the late Nikunj Shah of Nikunj Exim.A lifetime achievement award was presented to Farhad Sethna of Western Enterprises and Chairman, JMA Forum.
The JMAIIE has achieved unprecedented success, surpassing all previous records. It has potential to breathe new life into the country’s machinery exports by showcasing the very best in machinery, technology, and global connections.
KNC Services has emerged as a leading jewellery trade event organizers, and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to trade.







National News
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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