International News
THE UAE ambassador to India visits GJEPC Mumbai
H.E. Dr. Abdulnasser Alshaali, PhD, Ambassador of the UAE to India, visited the GJEPC head office and the Bharat Diamond Bourse (BDB) in Mumbai on 23rd January 2025. He was warmly welcomed by Mr. Kirit Bhansali, Vice Chairman, GJEPC; Mr. Anoop Mehta, President, BDB; Mr. Milan Chokshi, Convener – PMBD, GJEPC; Mr. Mehul Shah, Vice President, BDB; and Mr. Sabyasachi Ray, Executive Director, GJEPC among others.
The Ambassador was accompanied by a delegation comprising Mr. Fahad Albashr, Head of the Economic Affairs Section; Mr. Ahmed Aljneibi, Senior Economic Affairs Specialist; Mr. Humaid Aldhabahi, Head of the Department of Consular and Citizen Affairs; Mr. Geoffrey Flugge, Advisor to the Ambassador; Ms. Gauri Chopra, Analyst from the UAE Embassy; and Dr. Brenton Clark, Project Coordinator, UAE-India CEPA Council.
The discussions focused on leveraging the Indo-UAE Comprehensive Economic Partnership Agreement (CEPA) to enhance bilateral trade in gems and jewellery. Key topics included long-term and multiple entry visas, investment in the India Jewellery Park, boosting trade volumes, and exploring opportunities for greater collaboration across the diamond and jewellery sectors.
International News
WGC Outlook 2026: Geopolitics, Growth Risks and Rate Shifts to Steer Gold’s Next Move
Gold’s 2026 trajectory hinges on economic shifts, policy outcomes and global stability, says the latest WGC outlook.
Gold is up by more than 60% y-t-d and is gearing up to have one of its strongest annual performances in decades. Investment demand has been one of the key drivers, in response to a highly charged geopolitical environment, a weaker US dollar, and positive price momentum. At the same time, central bank demand remains strong. Combined, their effect has more than offset any weakness seen in jewellery.
Looking to 2026, the outlook is shaped by ongoing geoeconomic uncertainty. The gold price today reflects consensus expectations for next year, but the global economy rarely ever plays out as planned.
Against this backdrop, our analysis shows that:
If economic growth slows and interest rates fall more than expected next year, gold could see gains between 5% and 15%.
In a more severe downturn marked by rising global risks, gold could see a marked increase between 15% and 30%.
Conversely, a successful outcome from policies set by the Trump administration would accelerate economic growth, reduce risk and push gold down between 5% and 20%.
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International News3 hours agoWGC Outlook 2026: Geopolitics, Growth Risks and Rate Shifts to Steer Gold’s Next Move
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National News2 hours agoGJEPC Conducts Intensive Training for Customs Officials in Kolkata to Strengthen Gem & Jewellery Appraisal
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National News2 hours agoGJEPC & BDB Host High-Impact Customs Open House as Trade Flags Critical Valuation & Procedural Challenges
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National News4 hours agoGJEPC Delhi Outreach Boosts Clarity on Bullion Procurement & MSME Support
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