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 Break Important Support Levels As Iran Tensions Fuel Stagflation Fears AUGMONT BULLION REPORT
The Higher-Highs/Higher-Lows Of Gold Price Structure Holds Above $4300, Indicating Pullbacks Remain Consistent With Re-Accumulation Rather Than Distribution.
- Price movement– Gold fell below $4500, and silver slipped under $75, as rising US-Iran tensions kept inflation risks and rate-hike prospects at the forefront of investor sentiment. Silver has erased all gains that had been built on AI-sector optimism and growing demand for metals used in data-centre infrastructure.
- Geopolitical Developments – President Trump warned that US strikes on Iran could resume within two to three days if Tehran declined Washington’s peace terms — remarks made shortly after he confirmed calling off a prior attack following Gulf allies’ intervention. Iran’s nuclear programme remains the core sticking point. The prolonged conflict has kept the Strait of Hormuz effectively shut to shipping, pushing oil prices higher and deepening inflationary pressure.
- Macro-economic Signals – Rising US inflation has driven traders to further pare back Federal Reserve rate-cut expectations for the year, while strengthening speculation that the central bank may instead raise rates before year-end.
Technical Triggers
- Gold’s break below $4500 has cleared the way toward the March low near $4350, with resistance at $4600–$4800. The higher-highs/higher-lows structure holds above $4300, indicating pullbacks remain consistent with re-accumulation rather than distribution.
- Silver’s loss of the $75 support level points to continued downside, with $71 and $67 as the next key targets.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4300/oz : $4800/oz : Rs. 150,000/10 gm : Rs. 160,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $67/oz : $82/oz : Rs. 240,000/kg : Rs. 280,000/kg |
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