National News
NITI Aayog and GJEPC Collaborate on enhancement of competitiveness and export potential
India’s gems and jewellery sector, a key contributor to the nation’s exports, received a strong policy impetus on October 7, 2025, as NITI Aayog joined hands with the Gem & Jewellery Export Promotion Council (GJEPC) to initiate a comprehensive study aimed at strengthening the industry’s global competitiveness and export resilience.
The hybrid consultation session, held at the Bharat Diamond Bourse (BDB), brought together senior policymakers and industry leaders. Among the key participants were Sanjeet Singh, Senior Advisor, NITI Aayog; Kirit Bhansali, Chairman, GJEPC; Shaunak Parikh, Vice Chairman, GJEPC; Anoop Mehta, Convener, Audit & Finance Sub-committee; and Sabyasachi Ray, Executive Director, GJEPC. The session served as a collaborative platform to exchange views on the challenges and opportunities shaping the sector’s export performance.

Sanjeet Singh underscored the need to tackle structural bottlenecks that affect India’s competitiveness. “Given this sector’s export potential, our study will focus on regulatory and taxation challenges that impede growth,” he said, emphasizing the goal of aligning India’s trade framework with global best practices. Singh also called for industry-led recommendations to enhance “Brand India” visibility in international markets.
Highlighting diversification as a strategic priority, Singh referenced GJEPC’s successful SAJEX initiative in Saudi Arabia, encouraging the sector to explore emerging markets in the Middle East, Africa, and Latin America. He invited suggestions to identify non-tariff barriers and policy gaps that constrain market access.
The upcoming NITI Aayog–GJEPC study aims to develop a data-driven roadmap to reinforce India’s export position across the gems and jewellery value chain. By addressing taxation anomalies, easing compliance frameworks, and fostering branding initiatives, the study is expected to inform policy reforms that could catalyse India’s ambition to become a global hub for value-added jewellery exports.
National News
Bhima Gold Unveils Ashtalakshmi Coin Collection for Akshaya Tritiya, Blending Devotion with Exquisite Design
A culturally rooted, insight-led launch that reimagines festive gold buying through storytelling, symbolism, and spiritual relevance.
In a move that blends cultural storytelling with product innovation, Bhima Gold has unveiled its Ashtalakshmi Coin Collection for Akshaya Tritiya – positioning gold not just as a purchase, but as a deeply symbolic expression of prosperity, faith, and intent.
Timed with one of India’s most significant gold-buying occasions, Akshaya Tritiya, the launch reflects a deeper cultural shift in consumer behaviour. While the festival continues to drive strong purchase intent, there is a growing preference for meaningful, purpose-led buying experiences over purely transactional consumption.
Aligned with this evolving mindset, the Ashtalakshmi coin collection has been thoughtfully conceptualised to blend tradition with deeper symbolism. Inspired by the eight sacred forms of Goddess Lakshmi, each coin represents a distinct dimension of prosperity—from wealth and nourishment to courage, knowledge, and continuity.

By bringing together Adi Lakshmi, Dhana Lakshmi, Dhanya Lakshmi, Gaja Lakshmi, Santana Lakshmi, Veera Lakshmi, Vijaya Lakshmi and Vidya Lakshmi, the collection reframes gold coins from being a generic festive purchase to a story-driven, culturally immersive product experience – one that resonates across generations and belief systems.
This launch also aligns with Bhima Gold’s larger centenary narrative of “Together Purever,” which focuses on legacy, shared traditions, and evolving consumer meaning. The collection becomes an extension of that philosophy – reinforcing how heritage brands are reinterpreting tradition for a more aware and emotionally driven consumer.
Customers can pre-book their favourite jewellery by paying just 10% in advance & get their jewellery on Akshaya Tritiya at the lowest rate, which gives customers more flexibility and helps them plan their purchases with greater confidence, especially at a time when gold prices are high.
Akshaya Tritiya has traditionally been associated with intention, belief, and the aspiration for prosperity, extending beyond a purely transactional act of buying gold. The Ashtalakshmi Coin Collection has been conceptualised to reflect this deeper cultural and spiritual significance, with each coin designed to carry a distinct meaning and sense of purpose. The initiative also aligns with evolving consumer preferences, where there is a noticeable shift towards jewellery that offers emotional, cultural, and spiritual resonance in addition to intrinsic value.
With gold prices near record highs and consumer sentiment becoming more considered, Bhima’s Ashtalakshmi Coin Collection signals a broader shift in the category — from price-led promotions to meaning-led engagement, where design, storytelling, and cultural relevance drive both differentiation and demand.
As legacy brands navigate a new era of conscious consumption, Bhima Gold’s latest offering highlights how tradition can be reimagined as experience, making gold buying not just an act of investment, but an expression of identity and belief.
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