National News
Reliance Jewels Reports 52% Jump in Average Bill Value Amid Rising Gold Prices
Reliance Jewels’ Old Gold Exchange Fuels Major Revenue Growth Despite Gold Price Hitting $1,27,851 per 10g
Reliance Jewels has recorded a 52% increase in Average Bill Value despite volatile gold prices, driven significantly by its old gold exchange program. Over the past six months, gold prices have surged nearly 30% due to global uncertainties, tariffs, and trade tensions, with the price standing at Rs 1,27,851 per 10g as of October 17.
The contribution of old gold exchange rose to 32.5%, up from 21.9% last year, reflecting strong customer preference for trading in pre-owned gold.
Apart from jewellery, Reliance Retail Ventures Limited (RRVL) reported Q2 FY26 revenue of Rs 90,018 crore, marking an 18% year-on-year growth. This was fueled by robust festive season sales, with the Grocery and Fashion & Lifestyle segments growing 23% and 22% YoY, respectively.

Speaking on the results, Isha Ambani, Executive Director, said:
“We consistently innovate, from curating new collections to creating campaigns that connect with today’s Indian consumer. Our focus remains on building brands that inspire and resonate across India.”
RRVL expanded its store network by 412 outlets, bringing the total to 19,821 stores with 77.8 million sq. ft. of operational area. The company’s registered customer base grew to 369 million, with JioMart adding 5.8 million new customers, a 120% quarter-on-quarter growth rate.
This performance underscores Reliance Jewels’ ability to drive premiumisation and festive demand, even amid gold market volatility.
National News
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
- Event marks 42 years of Incorporation and 16 years of Operations
- Recently-appointed Consul-General’s first visit to the Bourse helps strengthen a century-old bond
- Long service awards presented to outstanding employees
Bharat Diamond Bourse today marked 42 years of incorporation and 16 years since the commencement of operations at the BDB Complex in BKC with a special programme graced by H. E. Pierre Stverlynck – Consul General of Belgium in Mumbai as Chief Guest and a number of leading diamantaires.




The function was organised to celebrate the crucial roles played both by the visionaries who conceptualised the need for a centralised infrastructure to boost the diamond trade over four decades ago, and the employees who have run the daily operations in a highly efficient and professional manner.
In his Welcome Address, BDB Vice President, Mehul Shah explained the significance of celebrating twin milestones – 42 years of incorporation and 16 years of operations. He said:

“BDB began with a vision and is now the world’s largest operational bourse, and a symbol of India’s leadership in the diamond world and excellence in every aspect of operations.”
He added, “It is significant that the Consul General of Belgium is with us on this special occasion. Antwerp and Mumbai have a very close relationship, going back more than 100 years. Today the two cities have bonds based on trust, trade and friendship. We are committed to strengthening this bond over the next century as well.”
Congratulating the awardees he said that members may be the owners, but it is the staff who run the complex and have helped build it as the “best of the best” centres for diamonds. “Personal integrity combined with hi-tech surveillance have made BDB one of the safest places in the world,” he explained, and urged all present never to forget that “it is the soldiers who fight and win the wars.” Mr Shah offered compliments to all the awardees and congratulated Team BDB.
Speaking on the occasion, Anoop Mehta, President BDB, welcomed Mr Stverlynck who has recently assumed charge as Consul General of Belgium in Mumbai.

“We are sure that this will be the first of many visits to our Bourse,” he said, noting that the Consulate is the nearest neighbour of the complex.
“The BDB leadership has always enjoyed a very special relationship with the Belgian consulate,” he added, “built on the longstanding bonds between the diamond industry in our two countries.”
Mr Mehta said it was heartening that so many employees had remained loyal to the BDB for multiple years, and urged all gathered to reach out through their department heads to put forward suggestions for further changes and improvements
Mr Stverlynck, who was on his first visit to the Bourse after assuming charge as Consul General, said he was extremely impressed with the facilities available for exporters within the complex. Assuring the trade of cooperation and support, he said he was happy to be personally present to celebrate such a remarkable institution as BDB that has become a key pillar of the India diamond industry.
Congratulating the leadership for its role in steering the bourse, as well as those employees who had received long service awards, Mr. Stverlynck said:

“The consolidated knowledge and experience of so many from those at the top to a number of others who contributed in various ways, is an asset to the industry.”
Special long service awards were presented to employees who completed special milestones during the year. These included 30-year, 25-, 15-, 10- and 5-year service awards to a few employees.
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