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Odisha Jewellery Show 2024
Sets the stage for industry transformation
The Odisha B2B Jewellery Exhibition 2024, held at the Mayfair Convention Centre in Bhubaneswar, marked a significant event in the jewellery industry, aiming to foster innovation and collaboration over two days from March 16th to March 17th.
The inaugural ceremony, marked by the cutting of the ceremonial ribbon, was graced by
esteemed dignitaries from the jewellery sector. The show was inaugurated by Mr. Varghese
Alukka, Managing Director of Jos Alukkas Group; Mr. Dinesh Khimji, Chairman of Khimji
Jewellery, K D & Son’s Pvt Ltd; Mr. Kishor Khimji, Managing Director of Khimji Jewellery,
K D & Son’s Pvt Ltd; and Mr. Sanjay Sahu, President of the Odisha Jewellery Association &
Ms. Kranti Nagvekar, Founder, KNC Services.
Ms. Kranti Nagvekar, Founder, KNC Services: Odisha is the hub of Filigree craftmanship creators for gold and silver products, and we will promote and help the same through our exhibition. This is a great achievement for Cuttak to get the GI tag for Filigree work. We will promote Odisha for this great achievement through all our channels.
Mr. Varghese Alukka, MD, Jos Alukkas Group: The
Odisha Jewellery Show 2024, the premier B2B exhibition, is set to be an outstanding showcase of excellence in the jewelry industry. there are around 50 companies participating in the show. With more than 2000 visitors from all over India, East Indian artisans are highly recommendable for their specialty in filigree gold and silver jewelry. They are all set to showcase their craftsmanship along with new designs at the show. Ms. Kranti Nagvekar, founder of KNC Services, is doing great work for the industry and making all their shows a grand success. I would like to wish the KNC team good luck for the show’s great success.
During the ceremony, the Legacy Leadership Award was bestowed upon Mr. Kishore
Khimji, MD of Khimji Jewellers, in recognition of his dynamic leadership, innovation, and
visionary qualities. Additionally, the Lifetime Achievement Award was presented to Mr.
Dinesh Khimji, Chairman of Khimji Jewellers, for his significant contributions to the
jewellery industry.
Mr. Dinesh Khimji, MD of Khimji Jewellers: Thank you, Ms. Kranti Nagvekar, and the Odisha Jewellery Association for honouring me with the Lifetime Achievement Award. I am very grateful to the industry for this recognition. “As we embark on this journey, let us embrace the spirit of camaraderie and collaboration. The Odisha Jewellery Show presents a unique opportunity to showcase our craftsmanship and forge lasting connections with discerning patrons.”
Mr. Kishore Khimji, MD of Khimji Jewellers: I am grateful to KNC Services and Odisha
Jewellery Association for honouring me with the dynamic leadership, innovation, and
visionary qualities, I am very grateful to the industry for this recognition.
Mr. Sanjay Sahu, President, Odisha Jewellery Association: The Odisha Jewellery Show
inauguration marks the commencement of a captivating journey filled with endless
possibilities. Through strategic promotion and engagement, we can ensure maximum
visibility and footfall throughout the exhibition.
In a special honour, Mr. Pankaj Sahoo, Mr. Sanjay Sahoo, Mr. Sukanta Sahoo, and Mr. Brhmananda Moharana were honoured with awards for their invaluable contributions to securing the Geographical Indication (GI) tag for Odisha’s exquisite filigree.
The Odisha B2B Jewellery Show 2024 aims to foster innovation, foster meaningful connections, and drive the growth of the jewelry industry in Odisha and beyond.
BrandBuzz
Gold and Silver Catch Their Breath After A Rough Patch AUGMONT BULLION REPORT
– Precious Metals Also Got A Lift From Softer Oil Prices, As Shipping Through The Strait Of Hormuz Kept Recovering Following The Interim US-Iran Peace Deal
- Price Movement – Gold and silver seem to be trying to find a bottom after months of heavy selling, damaged charts, and a macro story that keeps shifting under traders’ feet. Gold’s climb back toward $4200 and silver’s recovery above $62 both hint that demand for hard assets hasn’t gone away — it’s just been waiting for the right trigger to come back.
- Geopolitical Tensions – Precious metals also got a lift from softer oil prices, as shipping through the Strait of Hormuz kept recovering following the interim US-Iran peace deal. Calmer waters there took some pressure off energy markets, indirectly helping bullion.
- Macro-Economic Signals – Gold and silver eased slightly as investors waited for the Fed’s June meeting minutes, hoping for clues on new Chair Kevin Warsh’s policy thinking. Traders are now pricing in roughly a 50% chance of a September rate hike, down sharply from about two-thirds before the recent jobs report came out.
Technical Triggers
- Gold’s rebound from its recent low of $3,942 (~Rs 1,40,600) to $4,200 (~Rs 1,48,000) happened very quickly, so a pullback to the $4,080–4,100 range (~Rs 1,44,000) wouldn’t be surprising before the rally resumes toward $4,350 (~Rs 1,53,500).
- Silver could see a similar pause, dipping toward $59 (~Rs 2,30,000) before pushing higher again toward the $70–71 zone (~Rs 2,52,000).
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $3960/oz : $4250/oz : Rs 140,000/10 gm : Rs 150,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $55/oz : $65/oz : Rs 210,000/kg : Rs 245,000/kg |
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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.