International News
The 2nd SEZ Gem and Jewellery Conclave
Conclave provided valuable insights in technology, branding, exports, SEZ policy
The Second SEZ Gem and Jewellery Conclave held at Bharatratnam Mega CFC in SEEPZ, Mumbai, brought together influential stakeholders from across the gem and jewellery sector to deliberate on industry growth, innovation, and policy advancements.The conclave provided valuable insights into the latest industry trends in technology, branding, exports.
The conclave was inaugurated by Dr P Anbalagan, IAS, Principal Secretary, Industries Department, Government of Maharashtra. Present at the inauguration were Kirit Bhansali, Chairman, GJEPC, Saunak Parikh, Vice Chairman, GJEPC, Suvankar Sen, MD, Senco Gold & Diamonds, Sabyasachi Ray, ED, GJEPC, Colin Shah, Head of the Working Group, Bharat Ratnam Mega CFC and Adil Kotwal, Director – SEEPZ GJ Manufacturers Association.

Dr. P Anbalagan in his inaugural address said “The Union and state governments aim to grow India’s economy from USD 3 trillion to USD 30 trillion, requiring double-digit growth across sectors, with Maharashtra as a key driver. As the state with the highest FDI, Maharashtra targets a USD 1 trillion economy in 4-5 years, needing 13-14% annual growth. We are looking at the GJ sector as generator of employment and employment.The employment intensive GJ sector will be cornerstone of Maharashtra becoming a $1 trillion economy.The GJ sector in Maharashtra is contributing 47 per cent of India’s GJ exports.”
Track 1 – Technology included: Platinum Group Metal Recycling , Dr Debashish Bhattacharya, Technical Director of Covalence, India, Casting, Stamping and Tubing in Platinum, Dr. Peter Hofmann, Chairman of INDUTHERM, Germany and Rakesh Jangid, Technical Director, Lagor India, 3D Printing of Precious Metal for Commercial Use-Dr Andrea Friso, R&D Head, Legor Italy ,Technology in Diamond Testing, Jayant Kulkarni , Partner ,SGL, Challenges in Identification of Lab Grown Diamonds by Deepa Srinivasa, Chief Gemmologist – Research & Development – GSI, India
Track 2 – Branding included: Redefining Businesses by Sachin Jain, Educator, LÉCOLE School of Jewellery Arts , Dubai, Revitalizing Diamond Desire by Amit Pratihari, Managing Director, De Beers.
Track 3 – Investments included: Booster to G&J Manufacturing by Sabyasachi Ray, Executive Director, GJEPC ,Draft Report of Common SoP for SEZs by Nishant, Partner, ELP.
With key decision-makers in attendance, the conclave promises to be an influential platform for shaping the future of the sector.
International News
Precious Metals Hold In Consolidation As US-Iran Tensions Offset Easing Oil Concerns AUGMONT BULLION REPORT
Gold and Silver Remain Under Pressure As Middle East Uncertainty Sustains Investor Caution Around Inflation Risk
- Price movement– Gold and silver remain under pressure as Middle East uncertainty sustains investor caution around inflation risk. The dollar holds firm after renewed US strikes on Iranian targets and signals that a diplomatic resolution may be delayed, undermining expectations of an imminent Strait of Hormuz reopening.
- Geopolitical Developments – US Central Command conducted strikes on missile launch sites and vessels suspected of mine deployment in southern Iran, framing the operations as force protection measures. President Trump acknowledged ongoing diplomatic engagement with Tehran but cautioned that military action could resume if talks collapse.
- Macro-economic Signals – Gold is down nearly 15% and silver nearly 20% since the conflict began, as energy-driven inflation fears reinforced central bank tightening expectations. However, the week’s sharp oil price decline has partially eased inflation concerns and tempered rate hike bets.
Technical Triggers
- Gold is ranging between $4,450–$4,600. RSI at 46 signals neutral momentum; MACD is flat — no directional conviction. Short-term bias leans toward mild consolidation.
- Silver continues to oscillate between $72–$78.50. Range-bound momentum is expected to persist absent a definitive breakthrough in US-Iran negotiations.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4450/oz : $4600/oz : Rs. 157,000/10 gm : Rs. 160,400/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $72/oz : $78.5/oz : Rs. 265,000/kg : Rs. 280,000/kg |
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