National News
MSME Ministry Grants Approval to IGJS Jaipur 2025 Under PMS Scheme
The International Gem & Jewellery Show Jaipur 2025, scheduled from April 3rd to 5th, gains official recognition under the Procurement & Marketing Support (PMS) Scheme by the Ministry of MSME.
The Gem and Jewellery Export Promotion Council (GJEPC) has announced that the International Gem & Jewellery Show (IGJS) Jaipur 2025, taking place from April 3rd to 5th, has officially received approval under the Ministry of Micro, Small & Medium Enterprises’ (MSME) Procurement & Marketing Support (PMS) Scheme.
Kirit Bhansali, Chairman of GJEPC, expressed pride in this achievement, stating, “This approval reflects the tireless efforts of the GJEPC team and the valuable strategic support from our government departments. It underscores the Council’s commitment to fostering the growth of the gem and jewellery sector.”
The GJEPC also extended its heartfelt gratitude to the government officials who played a crucial role in securing this approval, including Dr. Rajneesh, Additional Secretary & Development Commissioner; Ms. Ashwani Lal, Additional Development Commissioner; and Mr. Gaurav Joshi, Joint Director & HOO, Rajasthan. Their collaborative efforts were key in making this milestone possible.
National News
BlueStone, SafeGold Launch Platform To Convert Idle Gold Into Digital Assets
New initiative enables customers to earn around 4% annual returns in gold grams while supporting gold monetisation and reducing import dependence.
SafeGold has partnered with BlueStone to launch a platform that enables consumers to convert idle physical gold into digital gold, lease it out and earn an annual yield of around 4% in gold grams. The initiative aims to mobilise India’s vast household gold reserves while reducing the country’s dependence on gold imports.
Customers can bring their old gold jewellery or coins to BlueStone stores, where the gold will be assayed, digitised and converted into digital gold through the SafeGold platform. They can then lease their holdings and earn returns in gold grams, allowing their gold holdings to grow irrespective of price movements.
India is estimated to hold nearly 30,000 tonnes of household gold, much of which remains idle. According to SafeGold, bringing even a fraction of this gold into the formal economy can improve capital availability for the jewellery industry while lowering the need for fresh imports.
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