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
Gold and Silver Slip As Middle East Tensions Flare Again- AUGMONT BULLION REPORT
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
Gold and silver are trading on a weaker footing, as worries about inflation and higher interest rates resurfaced after fresh US strikes on Iran pushed oil prices and the dollar higher, just ahead of the Fed’s June meeting minutes. This fresh flare-up put the interim US-Iran peace deal at risk and sent oil prices climbing, reviving inflation concerns and boosting the case for another rate hike.
- Geopolitical Tensions – The US military launched a new round of strikes on Iran on Tuesday and pulled Iran’s licence to sell oil, after three tankers were hit by projectiles in the Strait of Hormuz. US oil prices jumped, Treasury yields moved higher, and the dollar held near its strongest levels of the week against most currencies, as the strikes piled pressure on an already shaky ceasefire.
- Macro-Economic Signals – Investors were also waiting on the minutes from the Fed’s June 16-17 meeting, due later today, for fresh clues on where interest rates are headed under Chair Kevin Warsh. Markets have now pushed up the odds of a September rate hike to over 63%, up from around 57% just a day earlier.
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 |
Senco Gold & Diamonds Celebrates The Season Of Everyday Indulgence With ‘Drops Of Joy’
Gold and Silver Slip As Middle East Tensions Flare Again- AUGMONT BULLION REPORT
GJEPC Gears Up Industry For India–UK CETA Rollout; London Buyer-Seller Meet Opens New Trade Opportunities
GJEPC Gears Up Industry For India–UK CETA Rollout; London Buyer-Seller Meet Opens New Trade Opportunities
Senco Gold & Diamonds Celebrates The Season Of Everyday Indulgence With ‘Drops Of Joy’
Gold and Silver Slip As Middle East Tensions Flare Again- AUGMONT BULLION REPORT
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International News1 hour agoGJEPC Gears Up Industry For India–UK CETA Rollout; London Buyer-Seller Meet Opens New Trade Opportunities
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National News43 minutes agoSenco Gold & Diamonds Celebrates The Season Of Everyday Indulgence With ‘Drops Of Joy’
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International News53 minutes agoGold and Silver Slip As Middle East Tensions Flare Again- AUGMONT BULLION REPORT
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National News3 hours agoP N Gadgil Jewellers Limited – Quarterly Update Q1 FY27
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